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Cable Update (GBPUSD)

  • #568,281
  • Dec 24, 2020 2:13am Dec 24, 2020 2:13am
Quoting Rgentm
{quote} oh for sure there will be a huge dump after the news, not screwingg up retail is impossible in such a low liquidity days and such high importance news
Retailer is bear
why it will drop and help them?

to screw them it gotta rise
Make money by doing the opposite of Giveachance aka loser
  • #568,282
  • Dec 24, 2020 2:15am Dec 24, 2020 2:15am
Clearly, on H1 timeframe "W" Gartley Pattern has formed. Good luck to pound bull.
  • #568,283
  • Dec 24, 2020 2:17am Dec 24, 2020 2:17am
Quoting gatenio
{quote} adr avg is 111? Much more then that. i think guessing the top is not the right option right now.. if and when they sell it, you will get plenty of chances.
my adr value is 40 days , i can change it.
this for 14 days
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yes yes yes
  • #568,284
  • Dec 24, 2020 2:20am Dec 24, 2020 2:20am
Important Notice:

This deal is already priced in, the price surged on all optimism of a deal now traders have positioned strong buy but beware the announcement will end up being aggressively bearish after a probable initial spike... Do not be trapped in a buying position at yearly top.

This week's range is already approximately 400 pips.. 1.3188 - 1.3585... over stretched.
Just my cent of advise for especially new traders.
Data + Stat + Risk/Emotions Management
  • #568,285
  • Dec 24, 2020 2:23am Dec 24, 2020 2:23am
Buyers already had their fair share for the day bears might respond to take their part. ping pong it is !!!
Keep the Lights on then you can catch the rise from the dark.
  • #568,286
  • Dec 24, 2020 2:27am Dec 24, 2020 2:27am
... those bears threw everything they had had @ the bulls, but they stood strong lol

It's a 2000 page doc apparently so may take some time for the detail to come out and the bears' long anticipated fall to the depths of hell fire to start ?
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Trader with an Edge.
  • #568,287
  • Dec 24, 2020 2:34am Dec 24, 2020 2:34am
[email protected]
[email protected]
[email protected]
  • #568,288
  • Dec 24, 2020 2:34am Dec 24, 2020 2:34am
Quoting Waveskierrob
Yes I was right again, much money made thanks to YCGWM=YOU CAN'T GO WRONG MONEY, OK my predictions GU 1.0000 or 2.0000 but it depends on London open, FX easy just need to study the planets and moons, safe pips eveyone Xxx
Well London open didn't reach expectations so will sit on the side lines, have a cup of tea and see what the leaves say, happy trading everyone Xxx
  • #568,289
  • Edited 3:01am Dec 24, 2020 2:35am | Edited 3:01am
...we know Catempire, Online Addict, Georginson, Not-Kpmg are all self confessed longer term bears but are anymore,? and is anyone holding a short position ahead of the announce ? Anyone holding a long position ahead of it ?
Trader with an Edge.
  • #568,290
  • Dec 24, 2020 2:38am Dec 24, 2020 2:38am
Quoting Headland
...we know Catempire, Pipfarm, Online Addict, Georginson, Not-Kpmg are all self confessed longer term bears but are anymore,? and is anyone holding a short position ahead of the announce ? Anyone holding a long position ahead of it ?
I'm in a short position...
  • #568,291
  • Dec 24, 2020 2:40am Dec 24, 2020 2:40am
Quoting Kaysole
{quote} I'm in a short position...

I saw that - nice R:R...good luck with it. I am going into it flat (no position) and will trade what I see (If around at the desk...won't wait all day.)
Trader with an Edge.
  • #568,292
  • Dec 24, 2020 2:43am Dec 24, 2020 2:43am
Quoting Headland
...we know Catempire, Pipfarm, Online Addict, Georginson, Not-Kpmg are all self confessed longer term bears but are anymore,? and is anyone holding a short position ahead of the announce ? Anyone holding a long position ahead of it ?
Short but will post that i've BE if it goes long, many pips to everyone Xxx
  • #568,293
  • Dec 24, 2020 2:46am Dec 24, 2020 2:46am
sell sell sell
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yes yes yes
  • #568,294
  • Dec 24, 2020 2:46am Dec 24, 2020 2:46am
Quoting Headland
...we know Catempire, Pipfarm, Online Addict, Georginson, Not-Kpmg are all self confessed longer term bears but are anymore,? and is anyone holding a short position ahead of the announce ? Anyone holding a long position ahead of it ?
Yes, I'm full position size short.
A fool and his money are easily parted
  • #568,295
  • Dec 24, 2020 2:51am Dec 24, 2020 2:51am
...it would seem that a lot of traders in here have been drinking the same coolaid !
Trader with an Edge.
  • #568,296
  • Dec 24, 2020 2:51am Dec 24, 2020 2:51am
Quoting Headland
...we know Catempire, Pipfarm, Online Addict, Georginson, Not-Kpmg are all self confessed longer term bears but are anymore,? and is anyone holding a short position ahead of the announce ? Anyone holding a long position ahead of it ?
and why would anyone tell you their positioning??
  • #568,297
  • Dec 24, 2020 2:53am Dec 24, 2020 2:53am
Quoting Headland
...it would seem that a lot of traders in here have been drinking the same coolade !
do you not remember the brexit day. there was a time when euro went to 1.37 just to be back under 1.20. i see the enthusiasm today as if this deal is going to change their future. they have to deal with 2 things first.

1. high unemployment
2. new species of covid virus
  • #568,298
  • Dec 24, 2020 2:54am Dec 24, 2020 2:54am
Quoting Headland
...it would seem that a lot of traders in here have been drinking the same coolaid !
Your signature is "Anything can happen." - seems you've forgotten this
I think the issue is bulls only see 1.4, where as myself I see 1.37, 1.4 but also 1.30 and below.
A fool and his money are easily parted
  • #568,299
  • Dec 24, 2020 2:56am Dec 24, 2020 2:56am
Quoting Headland
...we know Catempire, Pipfarm, Online Addict, Georginson, Not-Kpmg are all self confessed longer term bears but are anymore,? and is anyone holding a short position ahead of the announce ? Anyone holding a long position ahead of it ?
Still long, but now approaching my TP. I'm going to shift it up a little.
  • #568,300
  • Dec 24, 2020 2:56am Dec 24, 2020 2:56am
Quoting Headland
...we know Catempire, Pipfarm, Online Addict, Georginson, Not-Kpmg are all self confessed longer term bears but are anymore,? and is anyone holding a short position ahead of the announce ? Anyone holding a long position ahead of it ?

In no way am i a longer term bear ,my main directional bias has always been long according to my charts , i have not entered any trades on cable the past week or so due to the uncertainty over brexit and as i trade the longer term charts i do not want to get hit with a big loss if brexit does not go well, yesterday or day before cable was in a correction i was expecting a third swing down as an abc but never happened, had it happened, long would of been my trade if i was going to trade.

As for a no deal brexit , of course it would of caused a big drop.
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