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Cable Update (GBPUSD)

Quoting helioss
Meters are still FULL LONG {image}
nice chart
Happy new year guys
  • Post #569,923
  • Quote
  • Edited Jan 1, 2021 11:11am Dec 31, 2020 5:53pm | Edited Jan 1, 2021 11:11am
Quoting stardust83
Happy new year guys
Same to you and to all cable traders. Although cable hardly moved today it still gained 39 pips. On the other hand it looks like Brexit optimism is fading as the FTSE has gone down 44 points today while the DJ30 went up 180 points. Normally they go up and down in tandem.
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Quoting Hutch
{quote} Same to you and to all cable traders. Although cable hardly moved today it still lost 39 pips. It looks like Brexit optimism is fading as the FTSE has gone down 44 points today while the DJ30 went up 180 points. Normally they go up and down in tandem. {image} {image}
it still lost 39 pips. HaHahahahahaaa Are you Ok I dont think so. It Opened At 1.36140 with a High Of 1.36840 Something and Took Out My TP At 1.36820 and Closed At 1.36600 Something.
Happy new year to all !!
Wish you all the best in 2021!
Stay healthy...!
In 2021 trading in Germany will be dead..
Quoting JayBag
Officially signing out for the year gang. Wish you and yours a blissful 2021 ahead. Let's be safe and have fun. See you on Monday. Remain Safe
Compliment of the season Maestro.
In my personal capacity, I consider you to be the TRADER OF THE YEAR. Exceptional skill at display all year my boss.

The patience you display is second to none and I learn from that and apply in other aspect of my life. Hope to see more of your skill, wizard J

Regards
Happy new year all of you who have been following this thread
The success of a successful man is behind the success of a successful frien
Quoting nessus94
Gbp is a short now from 1,3660 but lets wait monday
think the same
Quoting Ehsank78
{quote} still holding?
yes , no reason for get out , but i believe that they will make a false break of
last month high and retrace
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don't try to tell the market where to go , let him tell you
Looking out for a little run up to 3690 - 37, for signs to short to 3592
Pulchra All Time Return: 60.8%

https://www.cbsnews.com/news/uk-brex...ship-passport/
Guys please I need a volunteer to assist me develop in the market since I am just a new trader with little experience
Quoting TrTT
{quote} it still lost 39 pips. HaHahahahahaaa Are you Ok I dont think so. It Opened At 1.36140 with a High Of 1.36840 Something and Took Out My TP At 1.36820 and Closed At 1.36600 Something.
You are correct. I edited my post to indicate that it gained instead of lost.
Posting on FF and drinking while celebrating New Year don't go hand in hand
A Happy New Year to one all all.

2275 was the year 2020's pip range and the yearly candle is posted below. This was 86% of the long term 40 year ayr, and 122% of the 10 year ayr.

Technical summary at close of year:

Mthly: Closes as a bullish hammer type candle only 23pips off it's hi - an upside follow thru from the t/f's 2nd HL at 2675 (1st @ 2074.) So, 2 x HL's and what will be a fractal H at the yearly hi - 3684 or higher when it forms, and crucially an upside break out of the descending multi year t/line / falling wedge pattern. Beginnings of a new fractal uptrend ? Too early to tell but certainly recent signs of bullishness on this t/f. It's 20/50/100 ema's however remain crossed down (as table below.)
86% of the 12 mth amr travelled in December.
Wkly: Again closes as a bullish hammer only 23 pips off it's hi, with a 6th successive HL now on this t/f....(last one @ 3188,) and the t/f remains in a general fractal uptrend with it's 20/50/100 ema's crossed up. 100% of the 13 week awr travelled this week just closed.
Dly: Closes as a bullish candle with just about equidistant upper and lower wicks. 3 consecutive HL's now (last @ 3429,) in it's general fractal uptrend with it's 20/50/100 ema's crossed up. Only 63% of 30 day adr covered on Thursday.
4Hr: Bullish close on last candle, and the t/f remains in a general fractal uptrend with it's 20/50/100 ema's all crossed up. A steep rise on this t/f from last major swing lo point @ 3429.

NB: Two further attempts to move past the 3684 hi rebuffed by sellers on Thursday and that swing hi is now a prev 1hr/4hr sw hi zone = prev res = pot res, and is the 1st upside obstacles for the bulls, as of Thursday's close.

G/L to all with your 2021 trading ambitions.
Attached Images
Intraday swing trader via Supp/Res, Pa, & div.
Quoting Catempire
{quote} Situations can be predicted. I'm now stood on the fence and will (if this drops with no conviction) take calls higher up. Thats predicting developments based on what we know. Until now its looked extremely unlikely we would secure a deal... now we have. The deal is "Shit" However... the way it si being sold to the public is not shit... its very un shite... the uk may enter a state of euphoria over the next 6-12 months but, based on the fundamentals it will be a higher point to sell from. I will have to kiss goodbye to some positions... go...
Up and coming focus is what happens with COVID and the aftermath on government retreat .
Public opinion....
Focus probably back on those type of statistic in image 2021 and away from the political, we can only prey I'm right
Especially employment is worth following ,how many more zombie companies exist on government backing.

This is a comparison with $ problems & not outright performance like you would with a company for instance.
Your analysis and many others way over estimates the importance of the event anyway, as pointed out previously.
It's now proven by the chart...
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Internet + Demo = Expert
It went 1 2 3 up ,but shaven has 2 meanings and thats is a major level.You have to see the open.
It's just about in range still, the trend line is not confirmed.
The main point is no huge sell off deal or no deal ,
What now we have to look even further away ?
All those people were just wrong.
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Internet + Demo = Expert
...any one still advocating the £'s imminent collapse/strong downside move must be doing so from analysis/analyses other than TA because technically there is nothing to suggest this on any significant t/f 1hr - mthly. This is not to say that there won't now or higher up be a pullback of whatever size/duration. or indeed that there won't be a stronger downside move, just that there is nothing technically to suggest this presently. As we know no analysis predictive but can sometimes point to the greater probability of one outcome over another based on large sample historical precedent.

Technically speaking the 2 rejections of the prev 1hr/4hr sw hi zone to 3684 suggests a pullback (or more?) may be more probable than not (notwithstanding an opening gap,) and there is certainly a repeating pattern of bearish regular divergence in the 1hr oscillators (depending on settings.) This does not mean to say that the greater probability always plays out.
Intraday swing trader via Supp/Res, Pa, & div.
Quoting Bones
It went 1 2 3 up ,but shaven has 2 meanings and thats is a major level.You have to see the open. It's just about in range still, the trend line is not confirmed. The main point is no huge sell off deal or no deal , What now we have to look even further away ? All those people were just wrong. {image} {image} {image}
All what people were wrong?
Pulchra All Time Return: 60.8%
Quoting trumps
{quote} All what people were wrong?
Curious why he excluded himself
He campaigned for south repeatedly
All the headlines are about what a crappy deal it is.
FF shorts have started increasing again.
I like these contraindicator conditions, particularly when I see the main trend lines are broken on my chart.

US$ printers going into hyper drive again. This has never done the $ any favours.
Pulchra All Time Return: 60.8%
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