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Cable Update (GBPUSD)

  • #569,681
  • Dec 30, 2020 12:42pm Dec 30, 2020 12:42pm
Can someone explain to me, please, what's the fuss about?
Air force
  • #569,682
  • Dec 30, 2020 12:46pm Dec 30, 2020 12:46pm
Quoting W0lfram
Can someone explain to me, please, what's the fuss about?
there is fuss all the time in markets.
  • #569,683
  • Dec 30, 2020 12:52pm Dec 30, 2020 12:52pm
Quoting W0lfram
What happened? I'm scared. Who bought what and how much?
Dont worry no one bought nothing.. just hedge fund will close their one of the two sided positions... the question is which one they close first.. lol
  • #569,684
  • Dec 30, 2020 12:56pm Dec 30, 2020 12:56pm
Quoting W0lfram
Can someone explain to me, please, what's the fuss about?
Deals been signed.. uncertainty gone... thats what they were talking about but you dont worry... dont jump in with all your margin....
  • #569,685
  • Dec 30, 2020 1:25pm Dec 30, 2020 1:25pm
Quoting kk300
{quote} Dont worry no one bought nothing.. just hedge fund will close their one of the two sided positions... the question is which one they close first.. lol
You are right lol people don’t see it

trade explorer shows 5min chart 90% short - we are going to see new high at night
  • #569,686
  • Dec 30, 2020 1:39pm Dec 30, 2020 1:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 42 KB
yes yes yes
  • #569,687
  • Dec 30, 2020 1:42pm Dec 30, 2020 1:42pm
Quoting Moty
{image}
If you post it now, will look better for bulls imo

having said that if you got the balls to short now you can do it with 10-15 pip SL, don’t have to Mary bullish bias, I’m long from below so I can manage a light pull back, Asia tends to push 50-60 pips up
  • #569,688
  • Dec 30, 2020 1:58pm Dec 30, 2020 1:58pm
I really wish the best for all, depth of market says we are far away from current top, keep safe and better bullish bias, bulls are in control all over the board

CHF n EUR guide currently
  • #569,689
  • Dec 30, 2020 2:25pm Dec 30, 2020 2:25pm
Quoting Mitiblotch
Imagine price rubbing yearly high for hours without coming down. Isnt it obvious what will most likely happen? 3700 is just a little spike away. For your info, you currently have about 68% aggregate sellers from that source I used to post. I think Jaybag will hit hit long awaited take profit tonight. I just took a risk to boot by buying this high here at 3609. Let's see if it works.
Well, prices are above the YOP and still knocking the high. Maybe we can see a gap down when market opens 2021
Le$$ I$ More
  • #569,690
  • Dec 30, 2020 2:31pm Dec 30, 2020 2:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 15 KB
yes yes yes
  • #569,691
  • Dec 30, 2020 2:47pm Dec 30, 2020 2:47pm
Quoting Roszey
{quote} Well, prices are above the YOP and still knocking the high. Maybe we can see a gap down when market opens 2021
to save huge amount of retail shorts? No way

im trying to pursue people to long with reasoning for past few days, but short ratio keeps increasing - I guess we are set for a gap up
  • #569,692
  • Dec 30, 2020 2:51pm Dec 30, 2020 2:51pm
Quoting Rgentm
{quote} to save huge amount of retail shorts? No way im trying to pursue people to long with reasoning for past few days, but short ratio keeps increasing - I guess we are set for a gap up
Yeah most likely.

The gap will compensate for the the Brexit bubble still in the air.
Le$$ I$ More
  • #569,693
  • Dec 30, 2020 2:52pm Dec 30, 2020 2:52pm
Quoting WhipKream
any dollar bulls may get murdered in the coming 11 weeks. if the senate approves of the 2,000 direct payouts the bloodbath may be worse. GU broke that 1.35 level, i would hold on to dear life for 1.44 and maybe higher. GL everyone
Is it 11 or 12
  • #569,694
  • Dec 30, 2020 4:08pm Dec 30, 2020 4:08pm
Quoting KiwiTrada
{quote} I will see how psych 1 3600 reacts any sign of bears will start building position up to 23-24ish
bears put up little fight @ 3600 now bulls @ 3624 it is previous daily weekly monthly yearly high, I respect resistance and will defend again small sl entry 3624 sl 13pips usd pairs at or close to S/R depending on prs au 77cent nu 72cent eu previous weekly high april 2018 uj 103 (retro) swissy 88cent cad 2700 (retro) gold falling utl now 1895 with previous high 1896 silver previous high 26 74 so some interesting levels in or coming into play, cable 3624 ish was level where bulls put a stop to bears 2008 rampage until bears came back june 2016 bears have beld this levels, historic low, swamp, until now except small bull attack mid 2017 so critical level in the past and merits defending, bulls looking rampant but bears have seen it all before
If you are new to Forex? Say Goodbye to your account!!
  • #569,695
  • Dec 30, 2020 4:14pm Dec 30, 2020 4:14pm
Quoting cmk
{quote} Is it 11 or 12
11 weeks for the unemployment benefits
  • #569,696
  • Dec 30, 2020 4:33pm Dec 30, 2020 4:33pm
I wonder if traders are already disenchanted with the terms of Brexit.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM68.png Size: 36 KB
  • #569,697
  • Dec 30, 2020 4:38pm Dec 30, 2020 4:38pm
Can't close above the high.
I suspect the bulls are waiting below for the next assault north
https://www.forexfactory.com/trades#...ions-details=3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 29 KB
Compulsions can be hard to resist
  • #569,698
  • Dec 30, 2020 4:43pm Dec 30, 2020 4:43pm
Bear can't take the bull by the horns today! UP
  • #569,699
  • Dec 30, 2020 5:31pm Dec 30, 2020 5:31pm
Quoting Sang.Real
Hi All, this is newbie set up for LONG Entry using SNR. Any comment welcome for educational purposes. Thank You Newbie {image}

GU

Target b4 LO
Attached Image (click to enlarge)
Click to Enlarge Name: GU 047.jpg Size: 285 KB
  • #569,700
  • Dec 30, 2020 5:46pm Dec 30, 2020 5:46pm
Quoting Mitiblotch
Imagine price rubbing yearly high for hours without coming down. Isnt it obvious what will most likely happen? 3700 is just a little spike away. For your info, you currently have about 68% aggregate sellers from that source I used to post. I think Jaybag will hit hit long awaited take profit tonight. I just took a risk to boot by buying this high here at 3609. Let's see if it works.
Exit here at 3627. That's +17 pips.
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Aman7