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Cable Update (GBPUSD)

  • #455,381
  • Oct 9, 2017 6:18am Oct 9, 2017 6:18am
Quoting Lock
Spike. A real life example. {quote} {quote} {quote} {quote} {quote} GB opened above Friday GB spike upside base at 3082: spike rules apply.
By the way spike rules worked out fine in this case. But now in less than 1 hour we are going into US bank holiday.
Ubi maior minor cessat
  • #455,382
  • Oct 9, 2017 6:29am Oct 9, 2017 6:29am
Quoting Bones
yea it's that calculation on the chart unlike weighted usdx {quote}
Very interesting, how does it relate to GBP in relations to the 7 Pairs index, does the index says up and GBP will likely be up or vice versa.... the aggregation is based on the summation of the prices/7?
  • #455,383
  • Oct 9, 2017 6:31am Oct 9, 2017 6:31am
Quoting Don96
{quote} right here... first trade of the week. {image}
Holding my longs for 3440 or higher.
  • #455,384
  • Oct 9, 2017 6:38am Oct 9, 2017 6:38am
1.3214 will be the test for upside
  • #455,385
  • Oct 9, 2017 6:46am Oct 9, 2017 6:46am
At the moment, the price moves up to the resistance line to the point of 1.32351. And will test the resistance. If the resistance breaks, it will go up to the point of 1.32890. However, I believe that the price will go down to the point of 1.30198.
Attached Image (click to enlarge)
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  • #455,386
  • Edited 7:15am Oct 9, 2017 6:56am | Edited 7:15am
Quoting Trade-G
{quote} Very interesting, how does it relate to GBP in relations to the 7 Pairs index, does the index says up and GBP will likely be up or vice versa.... the aggregation is based on the summation of the prices/7?
yea not a indicator more confluence
you can get the index on free mt4
https://www.liteforex.eu/?_ga=2.1974...982.1507550010
theres one each major ,there directly related to the pair so gbplfx usd lfx=cable number by calculation
now I'm interested the open survives
breaking cable down 2 charts
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,387
  • Oct 9, 2017 7:04am Oct 9, 2017 7:04am
don't ask the actual lfx calculation I don't understand it
only one by the other =
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  • #455,388
  • Oct 9, 2017 7:12am Oct 9, 2017 7:12am
perfect channel drawn slightly off for some reason

Quoting Zakhar13
At the moment, the price moves up to the resistance line to the point of 1.32351. And will test the resistance. If the resistance breaks, it will go up to the point of 1.32890. However, I believe that the price will go down to the point of 1.30198. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,389
  • Oct 9, 2017 7:22am Oct 9, 2017 7:22am
the upper line is a beauty
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  • #455,390
  • Oct 9, 2017 8:46am Oct 9, 2017 8:46am
important note.
Ubi maior minor cessat
  • #455,391
  • Oct 9, 2017 9:27am Oct 9, 2017 9:27am
short with target 1.30

stop above 1.32
Don't Worry Be Happy
  • #455,392
  • Oct 9, 2017 10:57am Oct 9, 2017 10:57am
Quoting MrPresident
short with target 1.30 stop above 1.32
Don't you think pound is a bit oversold now?
  • #455,393
  • Oct 9, 2017 10:59am Oct 9, 2017 10:59am
Quoting Bones
the upper line is a beauty {image}
How much lower do you think it could go Bones?
  • #455,394
  • Oct 9, 2017 11:10am Oct 9, 2017 11:10am
I'm thinking it wants that tl right now
then there's a rising tl lower but on monthly it already touched it on my feed
w1 unreliable on its own merit due to the ugliness look left under
until we see bears back in control imo
see close d1 today

Quoting Boudica
{quote} How much lower do you think it could go Bones?
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  • #455,395
  • Oct 9, 2017 11:19am Oct 9, 2017 11:19am
maybe the w1 is the equivalent of Mark Carney at the BOE
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  • #455,396
  • Oct 9, 2017 11:23am Oct 9, 2017 11:23am
much clearer thanks

Quoting Lock
important note.
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  • #455,397
  • Oct 9, 2017 11:36am Oct 9, 2017 11:36am
Quoting Bones
much clearer thanks {quote}
You're welcome as always!
Ubi maior minor cessat
  • #455,398
  • Oct 9, 2017 11:49am Oct 9, 2017 11:49am
Quoting Lock
{quote} You're welcome as always!
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  • #455,399
  • Oct 9, 2017 11:52am Oct 9, 2017 11:52am
M5 - cup & handle

Quoting Snowden
M5 - cup & handle {image}
Mid price of 13148 right now . More likely to go 10/15 up instead of 10/15 down
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  • #455,400
  • Oct 9, 2017 12:10pm Oct 9, 2017 12:10pm
up and up and up good luck all
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