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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/thread/10378-cable-update-gbpusd)

bale Oct 18, 2020 10:19am | Post# 553821

{quote} yo .. we are the same bro. I am a fan of bill william , so automatically I a trend follower, really and very impressed for my friends who can take entries above and below against a bigger trend. even if I counter trend with most other traders cause I think price is back to the actual trend at big TF , that's all I can afford most importantly there are no predictions, because what we assume in our brains will backfire sometimes. look at GU if our previous assumption will go up because break 1.3 he is down, and now he is down then our assumption...
Honestly, I'm still a little hesitant to sell tomorrow morning because "Nungging" appears in the middle so I'll wait another day to be sure, so if the candle closes bearish tomorrow there is a big possibility that a downward trend will occur and it could resemble the last March trend. . We can have a pips party.

bale Oct 18, 2020 10:24am | Post# 553822

{quote} That's great information for all, that is why I say you're a good person at sharing.
Yeah, right, fellow traders must share information to be able to get profit together. We will laugh together while enjoying coffee milk with fried bananas.

Bones Oct 18, 2020 10:32am | Post# 553823

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charts not that clear - engulf on weekly but needs confirm ,I could limit the chart to approx 13180 ,which would be a super sell.
I'm struggling with as high as gap ,after star on weekly.
doji next on monthly {further consolidation } should be treated as bearish continuation.It may keep gravitating to this zone within oct...
Price is trapped by huge up and sharp down within a range.
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Temujin Oct 18, 2020 11:38am | Post# 553824

charts not that clear - engulf on weekly but needs confirm ,I could limit the chart to approx 13180 ,which would be a super sell. I'm struggling with as high as gap ,after star on weekly. doji next on monthly {further consolidation } should be treated as bearish continuation.It may keep gravitating to this zone within oct... Price is trapped by huge up and sharp down within a range. {image} {image}
200 Day MA near 1.2785. Coincides with the 100 week MA and the 14 Month moving average. Looks well supported.

In the background we have the U.S. stimulus closer to passing, an equity positive catalyst, dollar negative and a risk-on sentiment supporting GBP, gold, oil etc.

The potential GBP negative is the no deal Brexit. GBP is stuck in a hard place.

Not-KPMG Oct 18, 2020 1:16pm | Post# 553825

{quote} 200 Day MA near 1.2785. Coincides with the 100 week MA and the 14 Month moving average.

Looks well supported. . etc. The potential GBP negative is the no deal Brexit. GBP is stuck in a hard place.

Blaaaaa

Who cares about 14 months ago?????

Blaaaa

Did they cut UK rating

Down

Not-KPMG Oct 18, 2020 1:18pm | Post# 553826

Brexit DEAL ! pound

What deal???

EU not that stupid

Not-KPMG Oct 18, 2020 1:20pm | Post# 553827

{quote} dumb demo trader
Is your mom ...


Have you seen my two Live accounts??

Your mom has....

Lastaccount Oct 18, 2020 2:45pm | Post# 553828

{quote} What deal??? EU not that stupid
if you not stupid, give the best answer why no deal, not just 'EU not stupid' i can say 'UK not stupid' too

Kalo elu ngak bisa kasi alasan, mungkin akun demo yang ratusan ribu dolar bisa buat EU ngak stupid

Not-KPMG Oct 18, 2020 2:45pm | Post# 553829

Market not even open already 20 pips down...

1.2895 now.... Let's see 1.25.... Though it'll take time and spikes up and faking....

Not-KPMG Oct 18, 2020 2:46pm | Post# 553830

{quote} if you not stupid, give the best answer why no deal,.. Blaaaaaaa

Dumfooo

Would a normal person work with jokers???

Why would a country... . No... 27 countries deal with twisted shenanigans???

Dumfooooo

Not-KPMG Oct 18, 2020 2:50pm | Post# 553831

Hint for morons :

They did sign Brexit memorandum last December..... Duuuhhh

Now Bozo running away


What deal?

meugampong Oct 18, 2020 2:55pm | Post# 553832

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Let's price prove him self..

Better to lose an opportunity than losing money
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KeenPips Oct 18, 2020 4:58pm | Post# 553833

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If you are tracking the GBPUSD this week, consider this technical perspective of a swing trader. On the daily time frame, the 1.30930 area represented a previous horizontal support area which has been breached by price action, and then been retested several times for a role flip. But there has not been any significant bearish follow-through as an area of consolidation of price action has formed just below it. Presently, the 1.29100 area is holding as a prevailing horizontal support on the daily time frame. A southward break will see bears contend with the significant 1.27340/1.27300 horizontal support area seen on the weekly time frame. Technicals on the daily time frame favour bears.


I may be wrong. Trade safe and prosper.

KP

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appletrader Oct 18, 2020 5:39pm | Post# 553834

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The way I see the week playing out:

RED SQUARES = HIGH RISK

GREEN ARROWS = Best odds - waiting for an ETP pattern around support or resistance

I'm looking to keep playing this until the range breaks (my guess, after Nov 3rd since everything is probably going to range between now and the US election)

Just my view, if you agree let me know, i'm curious . thumbs up to vote?
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Bones Oct 18, 2020 6:26pm | Post# 553835

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{quote} You use the same Fibonacci ratios for timing as you use for the price(retracements and extensions)... {image}
Hi C
so if thats 17 down then about 17 up then thats 100% fib on time ? ,I can't find the tool that measures fib on time ?
Youre still the only person I've ever seen show timing like that, im scratching my head if its just so obvious or your adding something else
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fixme1too Oct 18, 2020 6:42pm | Post# 553836

If we get back down to 1.2880's I see long to 1.3020 area. Either way after hitting the 1.3020's area we will be short from the 1.3020's area... All the way down to 1.2760's area... This will be the play for next week....

Made it right to 1.2890 with the gap .... now the retrace to 2907 area before the continue ride up to mid 3020's
area.. is what I see....

krunfx Oct 18, 2020 7:27pm | Post# 553837

{quote} Made it right to 1.2890 with the gap .... now the retrace to 2907 area before the continue ride up to mid 3020's area.. is what I see....
short term i see yes..but anything will happen if brexit headline comesout..for now no deal brexit is on the table amd covid19 concern risen.. it is bearish for pound...but as i said any good news will rocket the pound hahaha

fixme1too Oct 18, 2020 7:55pm | Post# 553838

{quote} short term i see yes..but anything will happen if brexit headline comesout..for now no deal brexit is on the table amd covid19 concern risen.. it is bearish for pound...but as i said any good news will rocket the pound hahaha

3020's b4 short to mid 2700's... news is temporary makes market move crazy for brief moment then back to what was destined to .... 2900 b4 long this 2907 area coming up will not be the ultimate retest of the gap down that was predicted Friday... Happy trading and be ready for the MAJOR short at the 3020's area....

Temujin Oct 18, 2020 8:46pm | Post# 553839

{quote} Blaaaaa Who cares about 14 months ago????? Blaaaa Did they cut UK rating Down
I think you misunderstood, what I meant is the value of 1.2875 is a support line for the 14 month average. The same area for moving averages of a lesser time frame. Not events of the last 14 months.

Temujin Oct 18, 2020 8:49pm | Post# 553840

Market not even open already 20 pips down... 1.2895 now.... Let's see 1.25....
I think all of those fundamentals are already factored into today's rates as markets are always forward-looking. No, 1.25 is not coming Lol!!


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