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Cable Update (GBPUSD)

  • #568,301
  • Dec 24, 2020 3:00am Dec 24, 2020 3:00am
Quoting giveachance
{quote} and why would anyone tell you their positioning??

do you mean from the point of view of it being privileged information (ie others' may copy) or from the point of view that there is potential for embarrassment if it goes wrong ?
Trader with an Edge.
  • #568,302
  • Dec 24, 2020 3:01am Dec 24, 2020 3:01am
Quoting pipfarm
{quote} 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...
my apologies...I will edit that post accordingly.
Trader with an Edge.
  • #568,303
  • Dec 24, 2020 3:01am Dec 24, 2020 3:01am
Quoting Headland
...it would seem that a lot of traders in here have been drinking the same coolaid !
I hope you dont fall on your head after today otherwise you will be in lala land
  • #568,304
  • Dec 24, 2020 3:03am Dec 24, 2020 3:03am
Quoting MozzChops
{quote} 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.

or of course I could just be playing devil's advocate !?
Trader with an Edge.
  • #568,305
  • Dec 24, 2020 3:07am Dec 24, 2020 3:07am
LMAO
Patience.....
  • #568,306
  • Dec 24, 2020 3:07am Dec 24, 2020 3:07am
Quoting Headland
..seriously though, how much is the 'deal' already priced in ? My mate @ a big hedge fund says they reckon $1.40 by year end...but what does he know ? same as the rest of us - nothing. UBS reckon $1.44...but what do they know? yadda yadda yadda....
yes and JP Morgan have a target of 1.5 and Citi have a target of 1.60 and the story continues... when the japanese started printing in 2012 Citi had a target of 140. the rally started from around 104 to 116. crossed 120 took out all the stops and sky was the heave. what happened?. back to 108 and now it is struggling to even cross 104. even though japanese are buying etf's everyday.

so all in all its not that easy
  • #568,307
  • Dec 24, 2020 3:13am Dec 24, 2020 3:13am
Quoting Moty
sell sell sell {image} {image}
Hi Moty

I'm a new member here, would you mind telling the reasons behind going short when the announcement is on the way? I'm trying to learn
Many thanks
  • #568,308
  • Dec 24, 2020 3:17am Dec 24, 2020 3:17am
bears can take their share from 36ish its the pattern that has been playing for a while
Keep the Lights on then you can catch the rise from the dark.
  • #568,309
  • Dec 24, 2020 3:17am Dec 24, 2020 3:17am
...dly R1 @ current dly hi and price entered the dly part of the prev 1hr/4hr/dly sw hi zone = prev res = pot (potential) res to 3624.

90% 30day adr covered so far today, 170% 13week awr so far this week, and 85% 3mth amr so far in december.
Trader with an Edge.
  • #568,310
  • Dec 24, 2020 3:18am Dec 24, 2020 3:18am
Quoting KiwiTrada
{quote} best post of the day "why buy near resistance" ?? 3567 for now pa is now 3560, I will sell 3560 sl 3587 to pay for longsters if I get taken I will re enter 3580ish
costly night, but perseverance usually pays off?? cable and geppy 4hr defending resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH4 24 12 2020.png Size: 54 KB
Click to Enlarge Name: GBPUSDH4 24 12 2020.png Size: 50 KB
If you are new to Forex? Say Goodbye to your account!!
  • #568,311
  • Dec 24, 2020 3:22am Dec 24, 2020 3:22am
Quoting KiwiTrada
{quote} costly night, but perseverance usually pays off?? cable and geppy 4hr defending resistance {image} {image}
both 1hrly double tops?? cable resist 1 36000 psych geppy 141 000 time will tell where are the bear?? time to make a showing!!!
If you are new to Forex? Say Goodbye to your account!!
  • #568,312
  • Dec 24, 2020 3:25am Dec 24, 2020 3:25am
just be beware there is a small dollar rally going on in the sidelines. can be a dampner in NY session
  • #568,313
  • Dec 24, 2020 3:29am Dec 24, 2020 3:29am
now only gbpusd broke the resistance, will again return below resistance???
  • #568,314
  • Dec 24, 2020 3:30am Dec 24, 2020 3:30am
Quoting Dibzoolian
{quote} Hi Moty I'm a new member here, would you mind telling the reasons behind going short when the announcement is on the way? I'm trying to learn Many thanks
I think all questions asked need to be approved by nessus94, you're welcome
  • #568,315
  • Dec 24, 2020 3:33am Dec 24, 2020 3:33am
Quoting Waveskierrob
{quote} I think all questions asked need to be approved by nessus94, you're welcome
lol. he is always on the right side of the trade
  • #568,316
  • Dec 24, 2020 3:37am Dec 24, 2020 3:37am
Quoting Georginson
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.
This thing can easily spike another 400 pips before dropping. By then many stop losses will be gone. On a day like Brexit announcements ranges may not work. GU did 800 pips a day sometime this year followed by hundreds of other pips down.
  • #568,317
  • Dec 24, 2020 3:37am Dec 24, 2020 3:37am
'Last minute hitch'?

As we have reported, we expected a call between Boris Johnson and Ursula von der Leyen to finalise a post-Brexit trade deal this morning.
But we are now being told the call is yet to happen.
We still expect it to take place, but the Irish foreign affairs minister suggests there appears to be "some sort of last-minute hitch" in the talks.
Simon Coveney told RTE Radio he understands the delay relates to a section of a fisheries agreement.
He adds: "I had hoped to be talking to you this morning in parallel with big announcements happening in both London and Brussels, but we still expect those later on today."
What is they say about watched pots never boiling?
  • #568,318
  • Dec 24, 2020 3:38am Dec 24, 2020 3:38am
Quoting Dibzoolian
{quote} Hi Moty I'm a new member here, would you mind telling the reasons behind going short when the announcement is on the way? I'm trying to learn Many thanks
i am a revel
it's better to wait for conformation , or not trade before the news at all
yes yes yes
  • #568,319
  • Dec 24, 2020 3:38am Dec 24, 2020 3:38am
Quoting Waveskierrob
{quote} I think all questions asked need to be approved by nessus94, you're welcome
Look your questions again
they are dumb
why do you care if someone trade demo or real?
why do you care if someone has an open trade or closed ?

your question are useless they feed your curiosity. They are pointlss
Make money by doing the opposite of Giveachance aka loser
  • #568,320
  • Dec 24, 2020 3:40am Dec 24, 2020 3:40am
Quoting giveachance
{quote} lol. he is always on the right side of the trade
At least im not short 1,32 like you
and screaming short everyday
one day you will be right and you will shout here more than a new born
Make money by doing the opposite of Giveachance aka loser
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