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Cable Update (GBPUSD)

  • #641,841
  • Nov 26, 2021 9:32am Nov 26, 2021 9:32am
Quoting stjoeforex
Well folks, I'm outta here... Still gotta clean the kitchen from all the mess of yesterday... Have a nice weekend. I go back to work on Monday but should be able to check in on Tuesday. Buy 4 Now; (pay later!)
Nice to hear you've fully recovered.
I've dine my dishes. Daughters B'day party tom, going to see Disney Encanto for a change
Have a nice weekend. All the best!
  • #641,842
  • Nov 26, 2021 9:33am Nov 26, 2021 9:33am
Quoting gatenio
{quote} So true, two assholes. all structures were downtrend.. stupid as fuck!
Its been a total cluster fuck from my side last few months. Chasing rainbows and unicorns Plan for next week is a continuing correction back to 13450-135 and then ready to short. todays rejection was of the 132 level similar to when 135 was rejected last week before the fall. With nyc closed we couldn’t see a proper trend which we could see on Monday
Insane in the Brain..
  • #641,843
  • Nov 26, 2021 9:36am Nov 26, 2021 9:36am
Quoting BeeTogether
{quote} Its been a total cluster fuck from my side last few months. Chasing rainbows and unicorns Plan for next week is a continuing correction back to 13450-135 and then ready to short. todays rejection was of the 132 level similar to when 135 was rejected last week before the fall. With nyc closed we couldn’t see a proper trend which we could see on Monday
take a rest and refocus over weekend pal. if you need help let me know
  • #641,844
  • Nov 26, 2021 9:47am Nov 26, 2021 9:47am
Quoting Nordling00
{quote} Oh did i miss something? What did Japan do?
New stimulus package plus new variant caused the drop.

https://jen.jiji.com/jc/eng?g=eco&k=2021112501187
  • #641,845
  • Nov 26, 2021 10:06am Nov 26, 2021 10:06am
Quoting Jolita
{quote} New stimulus package plus new variant caused the drop. https://jen.jiji.com/jc/eng?g=eco&k=2021112501187
Thank you so much i didn't notice this!

But isn't this a very dovish thing to do though? It should have made an negative effect on JPY
You have to have an IQ higher than 90 to interact with this user.
  • #641,846
  • Nov 26, 2021 10:14am Nov 26, 2021 10:14am
Quoting W0lfram
{quote} Underwater a little too. Didn't expect $9 crash in a day Like Yesterday there was an energy crisis, release of oil reserves did not help bring price down. But few days later the markets are in panic selling because of...{image}
Hmm.. Latests news OPEC will reduce output, as prices moved by the virus. We still have to visit 80-84, long way to go to 95-100.
Biden will do anything to reduce prices and Putin to increase.
Too big a move in one day, but can move up just like this too.
  • #641,847
  • Nov 26, 2021 10:21am Nov 26, 2021 10:21am
Quoting Nordling00
{quote} Thank you so much i didn't notice this! But isn't this a very dovish thing to do though? It should have made an negative effect on JPY
I didn't go into detail, but there was also CPI anouncement, hawkish Fed, USD index retraced, NZD news (not sure if related), broke over support so on...
Luckily you were on the right side.
  • #641,848
  • Nov 26, 2021 10:29am Nov 26, 2021 10:29am
Quoting Jolita
{quote} I didn't go into detail, but there was also CPI anouncement, hawkish Fed, USD index retraced, NZD news (not sure if related), broke over support so on... Luckily you were on the right side.
Oh thanks, i missed some of these news events.

Ah no, i am short on GJ for a week now. I was expecting it to go down, just not this way. I make my own luck
You have to have an IQ higher than 90 to interact with this user.
  • #641,849
  • Nov 26, 2021 10:32am Nov 26, 2021 10:32am
Quoting Nordling00
{quote} Oh thanks, i missed some of these news events. Ah no, i am short on GJ for a week now. I was expecting it to go down, just not this way. I make my own luck
rather large take profit set
  • #641,850
  • Nov 26, 2021 10:33am Nov 26, 2021 10:33am
biggle spray i’ve ever seen … omg and lol
  • #641,851
  • Nov 26, 2021 10:45am Nov 26, 2021 10:45am
Quoting Jolita
{quote} Gu chart screaming 128 final destination.
if you believe pound is about to divert massively ,I guess a Brexit revival could do it
Probably a star as in evening on DXY
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #641,852
  • Nov 26, 2021 10:51am Nov 26, 2021 10:51am
Quoting Jolita
{quote} rather large take profit set
Ahahha i have no idea when i am going to close them But i hope it won't take these gains on Monday Btw closed GU with small losses, you know i wasn't comfortable with that trade either. I am currently trying to understand how markets are pricing in BoE's actions. Still dovish since last BoE meeting or will it be considered as hawkish for possible December rate hikes? Idk i guess time will show. I am confused about the Pound.

Btw tattoo looks better in the second day, i will go take a shower now i hope it doesn't harm the tattoo.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG-20211126-WA0031.jpeg Size: 2.3 MB
You have to have an IQ higher than 90 to interact with this user.
  • #641,853
  • Nov 26, 2021 10:52am Nov 26, 2021 10:52am
Just came here to say hello and good luck everyone

Btw,
Closed shorts.
testing small long 3320.
Just to give back some money

Probably

90% of traders use TA, indicators and prediction
  • #641,854
  • Nov 26, 2021 10:53am Nov 26, 2021 10:53am
Quoting Jolita
{quote} Hmm.. Latests news OPEC will reduce output, as prices moved by the virus. We still have to visit 80-84, long way to go to 95-100. Biden will do anything to reduce prices and Putin to increase. Too big a move in one day, but can move up just like this too.
Манипуляторы е****, не дают спокойно торговать обычным людям

Gap on Futures Nov 17 @ 80.5
but I’m unlikely to hold that long, exit at the first opportunity
Attached Image (click to enlarge)
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Air force
  • #641,855
  • Nov 26, 2021 11:07am Nov 26, 2021 11:07am
Quoting Bones
{quote} if you believe pound is about to divert massively ,I guess a Brexit revival could do it Probably a star as in evening on DXY {image}
I saw pound around 1.45. Pair constanty changing directions, cant decide which way to go, like a game playing.

Look what happened in March 2020. Two consecutive weeks dropped 2000 pips highest to lowest. I was not trading, but I think this was a shock across all markets, same brexit referendum, something we can not control. Panick sell.

Can this happen again? DXY hasnt completed its mission, dropped. This bearish star, not good news. Dollar is dominating currency.

All mixed up.
Oil usually rises on Dxy retracement, now both where down. Oil dropped 1000 pips today, dominated across all of the markets.

Please share your views, you got experience. Thanks
  • #641,856
  • Nov 26, 2021 11:17am Nov 26, 2021 11:17am
Quoting Jolita
{quote} I saw pound around 1.45. Pair constanty changing directions, cant decide which way to go, like a game playing. Look what happened in March 2020. Two consecutive weeks dropped 2000 pips highest to lowest. I was not trading, but I think this was a shock across all markets, same brexit referendum, something we can not control. Panick sell. Can this happen again? DXY hasnt completed its mission, dropped. This bearish star, not good news. Dollar is dominating currency. All mixed up. Oil usually rises on Dxy retracement, now both where down. Oil...
I can tell you what happened March 2020 ,lockdown on the down, then the up it was FED in overdrive action ,
I guess the market knows what will happen on another lockdown ,the extreme moral hazard left over from that over stimulation.
Im bullish oil ,but lockdown caused the storing issue for the futures market ,this fall has nothing to do with the reserves release ,it's very over brought.
I don't think Brexit is about to re appear ,but there is a lot tension various issues ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #641,857
  • Nov 26, 2021 11:23am Nov 26, 2021 11:23am
Quoting Nordling00
{quote} Ahahha i have no idea when i am going to close them But i hope it won't take these gains on Monday Btw closed GU with small losses, you know i wasn't comfortable with that trade either. I am currently trying to understand how markets are pricing in BoE's actions. Still dovish since last BoE meeting or will it be considered as hawkish for possible December rate hikes? Idk i guess time will show. I am confused about the Pound. Btw tattoo looks better in the second day, i will go take a shower now i hope it doesn't harm...
Sorry to say but I think there is an error in writing. Instead of 1 should be I (two lines or none) and luck c and k needs correction. Like on your profileonly cursive. Should not be to difficult to correct. Not a criticism, only a comment.
  • #641,858
  • Nov 26, 2021 11:29am Nov 26, 2021 11:29am
Anyway Folks,
I need to see a break above yesterday's daily high at 1.33535 ish to become remotely bullish notwithstanding a weekly close above. Well done to you guys that have caught buys below 1.33. With a few days to go to month end, I remain bearish overall.
cheers
Trade to trade another day
  • #641,859
  • Nov 26, 2021 11:34am Nov 26, 2021 11:34am
Spread is over 10
  • #641,860
  • Nov 26, 2021 11:52am Nov 26, 2021 11:52am
Clear daily reaction from Trendline.

Based on weekly, Watching area just above on the daily for continued bearish action.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDDaily.png Size: 13 KB
Compulsions can be hard to resist
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