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Cable Update (GBPUSD)

  • #570,421
  • Jan 6, 2021 1:31am Jan 6, 2021 1:31am
Quoting Georginson
{quote} Dollar will remain the king until China changes the game. Trading is a marathon not a Sprint and king Dollar is the clear favorite over a long distance.
With gbp 1,50 and euro 1,30
usd king?

whevere the usd is , it is the king?

usd has lost so much
it is a shit currency

i Want it to rise and short all in
Make money by doing the opposite of Giveachance aka loser
  • #570,422
  • Jan 6, 2021 1:32am Jan 6, 2021 1:32am
Quoting JayBag
{quote} Soon, it will be 'USED to be KING'............ I am just waiting for the last horse kick then it's a rap for our long time king. The Pound is about to reclaim it's throne.. SS
Biden is a diplomatic president that will not preach America first. US will regain the trust of their allies gradually and more togetherness will only make US stronger. As for UK, their new journey outside of EU should bring some prosperity in the long run but not without short run pain and adjustments. If any country is to take world power then China has a chance but will you ever trust the Chinese Yuan as a safe haven currency? Covid 19 may bring a new world order but it will take much more than covid 19 to knock US of their perch.

Back to cable dollar duel, some correction is due to 1.30 area before further rise to 1.43 area in the first half of 2021, delaying of this correction will not necessarily mean denial.
Data + Stat + Risk/Emotions Management
  • #570,423
  • Jan 6, 2021 1:39am Jan 6, 2021 1:39am
I don't think the UK will let the pound continue to strengthen, especially after Brexit. Why?

sold 1.3650
  • #570,424
  • Jan 6, 2021 1:39am Jan 6, 2021 1:39am
Quoting nessus94
{quote} With gbp 1,50 and euro 1,30 usd king? whevere the usd is , it is the king? usd has lost so much it is a shit currency i Want it to rise and short all in
You may need to check the current rate being 1.36 against your 1.50 claim....

You may also consider rate from last 10 years to see how pound and euro have been beaten black and blue...

Pound lost its grace from 1.7189 July 2014 high to 1.1409 March 2020 low. So 1.36 doesn't make dollar cheap in anyway, it is pound that is even cheap in the long run but short run its pretty expensive.
Data + Stat + Risk/Emotions Management
  • #570,425
  • Jan 6, 2021 1:40am Jan 6, 2021 1:40am
Quoting Georginson
{quote} Biden is a diplomatic president that will not preach America first. US will regain the trust of their allies gradually and more togetherness will only make US stronger. As for UK, their new journey outside of EU should bring some prosperity in the long run but not without short run pain and adjustments. If any country is to take world power then China has a chance but will you ever trust the Chinese Yuan as a safe haven currency? Covid 19 may bring a new world order but it will take much more than covid 19 to knock US of their perch. Back...
I have deliberately avoided FA. I don't even care about JOE because they all told what to do anyway. My projections is based off TA only. I agree we going to see GU lower. That is the last horse KICK I expect from the $.

I can't pin point where the LOW will be at but I am looking forward to picking it up for the yearly impulse.
You clearly stated that no one would trust the YEN. This may give room to GBP to claim it's throne as people may likely trust the POUND more.

Let's see
SS
  • #570,426
  • Jan 6, 2021 1:44am Jan 6, 2021 1:44am
... NBC have called one of the senate seats for the Democrat and likely the other one will go the same way. Of course today is when Pence is supposed to declare the winner in the senate but there could be fireworks there with some republicans crying foul in the senate and in the house, led by that eternal opportunist and fraud Ted 'your wife is ugly' Cruz. The usual tweet nonsense from Trump. A final kick in the teeth for him is likely !

Current 20/50/100 ema cross situation as below.
Attached Image
Trader with an Edge.
  • #570,427
  • Jan 6, 2021 1:46am Jan 6, 2021 1:46am
Quoting JayBag
{quote} I have deliberately avoided FA. I don't even care about JOE because they all told what to do anyway. My projections is based off TA only. I agree we going to see GU lower. That is the last horse KICK I expect from the $. I can't pin point where the LOW will be at but I am looking forward to picking it up for the yearly impulse. You clearly stated that no one would trust the YEN. This may give room to GBP to claim it's throne as people may likely trust the POUND more. Let's see SS
its so short on the commercials the yen. but the dollar kicked it into gear. probably crashy gbpjpy. dont wanna touch it. 6-7 pip spreads
  • #570,428
  • Jan 6, 2021 1:50am Jan 6, 2021 1:50am
Quoting Georginson
{quote} You may need to check the current rate being 1.36 against your 1.50 claim.... You may also consider rate from last 10 years to see how pound and euro have been beaten black and blue... Pound lost its grace from 1.7189 July 2014 high to 1.1409 March 2020 low. So 1.36 doesn't make dollar cheap in anyway, it is pound that is even cheap in the long run but short run its pretty expensive.
Look at the market
what is happening

dollar is sold
nothing more

it is all about the dollar
Brexit , gbp, we dont care
buy all against dollar
Make money by doing the opposite of Giveachance aka loser
  • #570,429
  • Jan 6, 2021 1:51am Jan 6, 2021 1:51am
Meters full LONG
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  • #570,430
  • Jan 6, 2021 1:54am Jan 6, 2021 1:54am
Quoting JayBag
{quote} Soon, it will be 'USED to be KING'............ I am just waiting for the last horse kick then it's a rap for our long time king. The Pound is about to reclaim it's throne.. SS
holy hell sterling has along way to reclaim anything, she only just tapping ground zero from 2008 gfc, then got smashed in 2014 gft, she has been wallowing in the doldrums since then no money went to sterling, sorry, was all usd yen and franc, sterling was butchered along with most other currencies
If you are new to Forex? Say Goodbye to your account!!
  • #570,431
  • Jan 6, 2021 1:55am Jan 6, 2021 1:55am
here most of the people TA is wrong , they posting chart with sell orders if market go against them again they posting chart market is buy with several arrows ,
its better to stick with your strategy, I dont follow anyone here...
  • #570,432
  • Jan 6, 2021 1:57am Jan 6, 2021 1:57am
Quoting WhipKream
{quote} its so short on the commercials the yen. but the dollar kicked it into gear. probably crashy gbpjpy. dont wanna touch it. 6-7 pip spreads
Spread is a mess on major against YEN and I wonder why.. '
Well, I am highly invested on GU so I kinda stick with one pair at a time and won't even look at GBPJPY

SS
  • #570,433
  • Jan 6, 2021 1:59am Jan 6, 2021 1:59am
Quoting KiwiTrada
{quote} holy hell sterling has along way to reclaim anything, she only just tapping ground zero from 2008 gfc, then got smashed in 2014 gft, she has been wallowing in the doldrums since then no money went to sterling, sorry, was all usd yen and franc, sterling was butchered along with most other currencies
so 1.50? no way biden is gonna blow the deficit like trump right?
  • #570,434
  • Jan 6, 2021 2:00am Jan 6, 2021 2:00am
Quoting Sang.Real
{quote} Never hear of it. I'm NewXXX . I will google it later and read abt it. Thanks Anyway.... who is fakie frank ? . Is he/she a SCAMMER ?
everyone here is a scammer one way or another, Frankie is Frankfurt Open in 4 mins, wait and see kiwi very close to 73c aussie 78c cad 2650 8750 geppy well below her resit 141 cable same 137, see what happen between now and london open???
If you are new to Forex? Say Goodbye to your account!!
  • #570,435
  • Jan 6, 2021 2:00am Jan 6, 2021 2:00am
Quoting JayBag
{quote} Spread is a mess on major against YEN and I wonder why.. ' Well, I am highly invested on GU so I kinda stick with one pair at a time and won't even look at GBPJPY SS
honestly its kinda slow for the most part. it just spurts and then is dead cause of the spread. but they're one in the same, even though uj looking sour it climbs
  • #570,436
  • Jan 6, 2021 2:01am Jan 6, 2021 2:01am
Quoting KiwiTrada
{quote} holy hell sterling has along way to reclaim anything, she only just tapping ground zero from 2008 gfc, then got smashed in 2014 gft, she has been wallowing in the doldrums since then no money went to sterling, sorry, was all usd yen and franc, sterling was butchered along with most other currencies
Uhm, I wouldn't think so.. I actually think in the near future, GBP will be the most valuable currency around the world. Yeah it might be a bumpy ride but it's definitely in the works. Who knows, this could have bee their plan all along? To make people think it has a long way? I mean even UK residents don't think the POUND would appreciate and this baffles me a lot.

Well, let's give it time
SS
  • #570,437
  • Jan 6, 2021 2:04am Jan 6, 2021 2:04am
I didn't said it for a long time
Up up and away we go
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yes yes yes
  • #570,438
  • Jan 6, 2021 2:07am Jan 6, 2021 2:07am
Quoting WhipKream
{quote} honestly its kinda slow for the most part. it just spurts and then is dead cause of the spread. but they're one in the same, even though uj looking sour it climbs
Without a doubt it sucks. Nothing I detest more than a slow moving instrument
But hey, we be patient with it I guess

SS
  • #570,439
  • Jan 6, 2021 2:09am Jan 6, 2021 2:09am
Quoting Konichiwhaat
{quote} Good start to the week. Lets see if we can keep this good start going today/tomorrow/this week/this year!
...fail BUY order set at 3639
Emotional Control. Process, not outcome.
  • #570,440
  • Jan 6, 2021 2:17am Jan 6, 2021 2:17am
Quoting Maximumheigh
Good morning friends. The market played out as planned yesterday. I will be looking for short today. 1.345x- 1.351x. So short for me today. IMO
Shorted. 1.345x- 1.351x
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