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Cable Update (GBPUSD)

  • #455,001
  • Sep 22, 2017 10:19am Sep 22, 2017 10:19am
Last weeks huge bull candle 400+ pips telling me they were in hurry.. sure may ve İ am wrong.so it is not an advice like i am not and expert like no one is.
  • #455,002
  • Sep 22, 2017 10:46am Sep 22, 2017 10:46am
you can look 400 pip candles means,
this week candle as is I doubt but does come with confluence
If mays speech couldn't do it ...
I'm not sure if EU will make a statement today
only side d1 right now

of course next week could be crazy opens
whilst this one is not a bottom ,looks bullish build>break>maybe consolidation
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,003
  • Sep 22, 2017 10:55am Sep 22, 2017 10:55am
maybe politics back burner after speech
then inflation - fundamental -positive £ kicks in to maintain monthly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,004
  • Sep 22, 2017 3:38pm Sep 22, 2017 3:38pm
What the f...happened n went on there cost me £1200 on a big lot ???
  • #455,005
  • Sep 22, 2017 3:40pm Sep 22, 2017 3:40pm
What a crazy move, thank you Moody“s for the 60 pips i got
  • #455,006
  • Sep 22, 2017 3:41pm Sep 22, 2017 3:41pm
Quoting elbert3
What the f...happened n went on there cost me £1200 on a big lot ???
"""""" WOW The Big Boys in Action
  • #455,007
  • Sep 22, 2017 4:28pm Sep 22, 2017 4:28pm
So pissed at myself right now. Was short from 1.35189 but closed the trade at about 3pip loss out of fear, as I did not want to leave the position open for much longer. Fast-forward few minutes and I see price is way past my TP of 1.34955. Felt like pulling off my hair.

Fear and impatience!
  • #455,008
  • Sep 22, 2017 4:46pm Sep 22, 2017 4:46pm
Quoting Mitiblotch
So pissed at myself right now. Was short from 1.35189 but closed the trade at about 3pip loss out of fear, as I did not want to leave the position open for much longer. Fast-forward few minutes and I see price is way past my TP of 1.34955. Felt like pulling off my hair. Fear and impatience!
I had a similar moment two days ago in the EUR/USD
  • #455,009
  • Sep 22, 2017 6:43pm Sep 22, 2017 6:43pm
Quoting Mitiblotch
So pissed at myself right now. Was short from 1.35189 but closed the trade at about 3pip loss out of fear, as I did not want to leave the position open for much longer. Fast-forward few minutes and I see price is way past my TP of 1.34955. Felt like pulling off my hair. Fear and impatience!
Yeah, I know how you feel. In my opinion, having the price move hard in your favor RIGHT AFTER you close a position feels almost as bad as a big loss.
  • #455,010
  • Sep 23, 2017 1:38am Sep 23, 2017 1:38am
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put my weekend stop in to early on that trade
  • #455,011
  • Sep 23, 2017 2:00am Sep 23, 2017 2:00am
Ratings agency Moody's downgraded Britain's credit rating by a further notch on Friday, saying the government's plans to fix the public finances had been knocked off course and Brexit would weigh on the economy.
A few hours after Prime Minister Theresa May set out plans for a new relationship with the European Union, Moody's cut the rating to Aa2 from Aa1, underscoring the economic risks that leaving the bloc poses for the world's fifth-biggest economy.
Britain has worked down its budget deficit from about 10 percent of economic output in 2010, shortly after the global financial crisis hammered the country, to 2.3 percent in the most recent financial year which ended in March.... taken from news
  • #455,012
  • Sep 24, 2017 6:25am Sep 24, 2017 6:25am
3660 area weekly tl so long one would say over that to 4280 monthly 50 ema resistance and would break that tl if if that breaks the upper tl and 10 ema would sit around 1.5120 that is a multi resistance with 61.8% fib level from 1.7190 to 1.2140 levels level hard to break and would send it back to a fib retreat of 1.3090 also a 23% fib level
  • #455,013
  • Sep 24, 2017 6:36am Sep 24, 2017 6:36am
Quoting elbert3
3660 area weekly tl so long one would say over that to 4280 monthly 50 ema resistance and would break that tl if if that breaks the upper tl and 10 ema would sit around 1.5120 that is a multi resistance with 61.8% fib level from 1.7190 to 1.2140 levels level hard to break and would send it back to a fib retreat of 1.3090 also a 23% fib level
Hi elbert, 1.5120 will not be seen till 2019 with all the brexit talk and credit downgrading...and your forecast doesn't have a timeframe which makes it vague. I consider you a good analysis but do no agree with this levels you just quoted.
It's not how much U make, but how much U keep
  • #455,014
  • Sep 24, 2017 6:40am Sep 24, 2017 6:40am
As on Fridays close the price move was kept inside 3660 area and took a sharp dive to 3440 area which is about the daily trend line break out so 1. Was that a confirm breakout and support level to enter longer term long trade ?? 2 is that tl of 3660 area going to hold ? If so the short story is fifa from 1.1800 area to 366 area then if it breaks back into that tl then 61.8% will be 25147 which is about the bottom tl on your charts and 50% is about 2750
  • #455,015
  • Sep 24, 2017 6:49am Sep 24, 2017 6:49am
Quoting elbert3
As on Fridays close the price move was kept inside 3660 area and took a sharp dive to 3440 area which is about the daily trend line break out so 1. Was that a confirm breakout and support level to enter longer term long trade ?? 2 is that tl of 3660 area going to hold ? If so the short story is fifa from 1.1800 area to 366 area then if it breaks back into that tl then 61.8% will be 25147 which is about the bottom tl on your charts and 50% is about 2750
Can I please see your chart and were you draw your Fib from?
It's not how much U make, but how much U keep
  • #455,016
  • Sep 24, 2017 6:51am Sep 24, 2017 6:51am
1hour price hit 200 ema so again could be seen as supporting area with that confirming breakout . Fail then retace of that 2770 area then 61.8% is about 3128 area just had a close look and 3400 was about the daily breakout sorry I can't be 100% if I were I would be multi millionaire Regards E
  • #455,017
  • Sep 24, 2017 6:53am Sep 24, 2017 6:53am
Quoting akiga
{quote} Can I please see your chart and were you draw your Fib from?
No sorry can't post charts . Long story but would very much welcome your opinion and charts if possible. Regards E
  • #455,018
  • Sep 24, 2017 6:59am Sep 24, 2017 6:59am
If if gbj is hitting resistance on the monthly chart I posted from my phone .. which I can do .Mr . S then sticking to 142.400 target
  • #455,019
  • Sep 24, 2017 7:06am Sep 24, 2017 7:06am
Quoting elbert3
If if gbj is hitting resistance on the monthly chart I posted from my phone .. which I can do .Mr . S then sticking to 142.400 target
Posting form my phone too as I'm on the move but will post a chart as soon as I get my hands on a laptop. My Fib. starts from 1.1785 that is why I wanted to see yours.
It's not how much U make, but how much U keep
  • #455,020
  • Sep 24, 2017 8:14am Sep 24, 2017 8:14am
Quoting elbert3
If if gbj is hitting resistance on the monthly chart I posted from my phone .. which I can do .Mr . S then sticking to 142.400 target
Hey B,

so sorry the wife took away your pc...got nice daily but some work to do...

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Quoting elbert3
{image} you can see the monthly on my phone . I need to get back on the pc but I have a lady to please . We had a board meeting today so no phones lol the sheriff just like the gunslingers going into town lol. Been along week business wise need a holiday but cannot fit one in . But going to take the whole of December off , might go to India!!! Just on the wine and then bed as more work to do in the morning . So it's good night from me that care and have a good weekend B{image}{quote}
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