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Cable Update (GBPUSD)

  • #455,321
  • Oct 6, 2017 4:57am Oct 6, 2017 4:57am
USDX little update from mine :
H4 USDX , I think it will be up more 50 point , then maintain her short time bullish chenel
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Regard NOOR16
  • #455,322
  • Oct 6, 2017 4:57am Oct 6, 2017 4:57am
Day chart :
Though day chart also shown fibo,
near to touch 100 level , So wait for retransment ,
Attached Image (click to enlarge)
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Regard NOOR16
  • #455,323
  • Oct 6, 2017 5:05am Oct 6, 2017 5:05am
the way its looking yes prob 1.2990..
  • #455,324
  • Oct 6, 2017 5:07am Oct 6, 2017 5:07am
anyway NFP today..am out.happy pips all
  • #455,325
  • Oct 6, 2017 6:51am Oct 6, 2017 6:51am
40 pips spike up!!!!
  • #455,326
  • Oct 6, 2017 8:39am Oct 6, 2017 8:39am
Quoting Dr.Zain
40 pips spike up!!!!
Pound Spikes After May Says She Has "Full Support" Of Her Cabinet.
"""I don't know if 30 MP who want her to quit PM seat are included!!!!!!!"":"
  • #455,327
  • Oct 6, 2017 8:47am Oct 6, 2017 8:47am
hopefully we hit 1.30
  • #455,328
  • Oct 6, 2017 2:52pm Oct 6, 2017 2:52pm
Watchlist for buying next week. Might need a bit lower first.
Attached Image (click to enlarge)
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  • #455,329
  • Oct 6, 2017 7:13pm Oct 6, 2017 7:13pm
Hi Guys I am back and it looks like I have timed it nicely.

On the weekly chart we have completed two waves and have bow made the 50% retracement to begin a third wave up to 1.4305.

However this is a weekly chart and far too long winded for my taste but people looking for a longer term trade may wish to take advantage of the current situation with a very small risk.
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  • #455,330
  • Oct 6, 2017 7:19pm Oct 6, 2017 7:19pm
On the 4 hour chart we further evidence that the down move may have all its bullets.

Price action has moved exactly from bear support to the bull support.
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  • #455,331
  • Oct 6, 2017 7:33pm Oct 6, 2017 7:33pm
On the 1 hour we see the price action has run from Bear support at 3257 to take out the bull support at 3068.

This puts us in the ranges from 3257 to 2951 (the next bull support)

We now need to wait and see which side finds support as to the direction price will go.
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  • #455,332
  • Oct 6, 2017 7:43pm Oct 6, 2017 7:43pm
Quoting Nala66
Hi Guys I am back and it looks like I have timed it nicely. On the weekly chart we have completed two waves and have bow made the 50% retracement to begin a third wave up to 1.4305. However this is a weekly chart and far too long winded for my taste but people looking for a longer term trade may wish to take advantage of the current situation with a very small risk. {image}
Hope ya had an enjoyable time man ,,,,, cheers
  • #455,333
  • Oct 6, 2017 7:48pm Oct 6, 2017 7:48pm
Quoting digger1
{quote}Hope ya had an enjoyable time man ,,,,, cheers
Yes thanks Digger and the kids had a ball catching squid though we only had three days of fine weather before the southerly blew in straight from the south pole.
  • #455,334
  • Oct 6, 2017 7:54pm Oct 6, 2017 7:54pm
Quoting Nala66
{quote} Yes thanks Digger and the kids had a ball catching squid though we only had three days of fine weather before the southerly blew in straight from the south pole.
Good deal man,,,,,any day on vacation is better than working regardless of weather lol
  • #455,335
  • Oct 6, 2017 8:01pm Oct 6, 2017 8:01pm
Considering these charts it looks like I will be buying dips come the open, hopefully kicking off with a down gap to get it started. However up or down we have to trade what we see not what we think.

If this is indeed the third leg of a wave then we should see bigger bars because the journey is much bigger to boot.
  • #455,336
  • Oct 7, 2017 11:35am Oct 7, 2017 11:35am
on the face of it, w1 looks bearish
gap close,tl
but id have to see next to believe,
a lot of fall off UK PM in trouble
take as sharp retrace right now super messy space prior we are on
no clear route? to continue
but it will have to hold off next week

I could see this number but not like that



Quoting Bones
I think we should think bear to kick the month off depending on no crazy open space making retrace unknown time scale {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,337
  • Oct 7, 2017 11:40am Oct 7, 2017 11:40am
Attachment g
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Click to Enlarge Name: 101 gbp usd Screenshot 2017-10-07_17-40-04.png Size: 67 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,338
  • Oct 7, 2017 6:46pm Oct 7, 2017 6:46pm
Quoting Bones
on the face of it, w1 looks bearish {quote} {image}
Hi Bones... If the swings are making higher highs and higher lows then how do you figure it to look bearish?

It may well be but there is no evidence of that as yet, until price makes a lower low swing we are bullish.
  • #455,339
  • Oct 7, 2017 6:57pm Oct 7, 2017 6:57pm
Agreed..and in fact on the monthly we just have some inside bars. Still bullish on mine.
  • #455,340
  • Oct 8, 2017 8:24am Oct 8, 2017 8:24am
I'm just looking at pure price, if the break-up hadn't been so ugly in the first place I'd be very bearish also the 2 small prior weekly maybe there strong
I'm unsure with the speed of the sell-off after closing the gap, all bar a few pips
next week has to hold off bears over prior monthly open
small w1 candle next is ok


Quoting Nala66
{quote} Hi Bones... If the swings are making higher highs and higher lows then how do you figure it to look bearish? It may well be but there is no evidence of that as yet, until price makes a lower low swing we are bullish.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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