looking at the H4 chart I posted previously it's hitting this TL now as resistance unless TL gives way this H4 it's probably going to get dragged lower.
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DislikedI attach the VRM predictions for GBPUSD for tonight and tomorrow finishing 5 pm 20th December in New York. The GBPUSD has not yet found support above the centre of the short term trend channel now at 1.3392. A description of the algorithm and format of the attached chart can be found attached to my previous posts. For anybody interested in predictions for other FX pairs just follow the link at the end of these two documents. {image}Ignored
Dislikedlooking at the H4 chart I posted previously it's hitting this TL now as resistance unless TL gives way this H4 it's probably going to get dragged lower. {image}Ignored
Disliked{quote} true. no dip provided, so not interested. 3430 strong resistance if it ain't broken into US open we have a high prob of rejection @ 3430. If bulls crack 3430 before US open high prob of continuation until 3500. Have no position and no trade plan now. Will see where the price takes us. I do see what you mean on DXY, yes.Ignored
Disliked{quote} 3375/80 important support, sorry I didn't realize it this morning...think we need to break that to turn lower...Ignored
Disliked{quote} We don't have much time before NY opens, less than an hour, so hopefully we crack 3430 first. I'm not looking at 1.35, I think fibo gives us 1.3470, but that is assuming we crack 3430. Cable bulls are running on a tight schedule, we have Carney in about 2 hours.Ignored
Disliked{quote} yeah the reason I posted that H4 chart was to show that bounces are getting shallow. I figure GU is getting weaker but is undecided for now. US open should bring more clarity - are the pit traders going to get DXY bid today? I'm staying flat for now and would like to get more clarity. Fiber is also stuck @ a turning point - on one side you got that gap, but on the other side probably MMs see that retail is net long and might just sink it. Fecken bollocks trading man.Ignored
Dislikedthere is thin volume so it ain't cracking nothing until US open (2 hours) or Carney (same).Ignored
Disliked{quote} No offense man, but for starters, you got like 40 levels to choose from. Then you show up after the fact telling us which hit. Whilst you might have something interesting, does me little good, if you know what I mean. How about you try weeding a few of those out, and telling us which ones your gonna trade on, before it happens....that might at the very least be useful for comparison purposes.....Ignored
Disliked{quote} Point taken. The way I trade is described in post #457,144. I trade real-time so I don't say the market will do anything in the future. Instead I wait for opportunities with bounces off the levels and trends between levels. The most significant levels to watch out for are the weekly levels.Ignored
Dislikedwhat do you guys think about this? https://www.forexfactory.com/news.php?do=news&id=724531Ignored
Disliked{quote} ok, I can dig that, I'll have a look at the weeklies then...cheers..Ignored