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Cable Update (GBPUSD)

  • #455,781
  • Oct 17, 2017 5:55am Oct 17, 2017 5:55am
Quoting Talzus
Ok, I'm batting for the other side now!! Go BEARS! AYA
Beware exhaustion candles . the 15pip M5 just printed is a candidate
  • #455,782
  • Oct 17, 2017 5:57am Oct 17, 2017 5:57am
Attached Image (click to enlarge)
Click to Enlarge Name: abcd.png Size: 32 KB


Potential ABCD setup.

I'm joining the 1.30 camp. Shame I had to lose so much to see.

Ah well, live and learn
  • #455,783
  • Oct 17, 2017 6:08am Oct 17, 2017 6:08am
I'm gonna low ball them, and bid 3157 on some, risk 10....
Look Sharp/Trade Tight
  • #455,784
  • Oct 17, 2017 7:03am Oct 17, 2017 7:03am
Quoting Dr.Zain
{quote} He Said No New Thing but he expect Infalation more than 3%..
Its an interesting point how does this pair move lower in expectation of a November
Rate Hike to then go higher. Carney works at his own space and time he likes to create confusion some say he even thrives on it (ref parliament and their commissions) rarely gives a direct answer is seen as more of a game player so i would be surprised if Nov was a rate hike earliest December as thats his way when he chooses not when people say or expect him to deliver .. btw Marshall before him was always out on his inflation targets .. so really nothing new. Savers dont win, families dont win, but bankers keep on getting their interest on their loans lol .. so at least someone gets to win.
  • #455,785
  • Oct 17, 2017 7:15am Oct 17, 2017 7:15am
I am still expecting to the upside at cable


Target : 1.38 area
Stop : 1.3000 area
4h chart
  • #455,786
  • Edited 8:13am Oct 17, 2017 7:50am | Edited 8:13am
Current target looks like 3092
The daily seems to have paused at the 50% retrace of the upswing
  • #455,787
  • Oct 17, 2017 8:47am Oct 17, 2017 8:47am
Carney didn't give time frame for rate hike, that would cause a housing and stock bubble crash
Rate hike of Nov ciuld be postponed till next year as Brexit talk shak is in difficult phase....
  • #455,788
  • Oct 17, 2017 10:08am Oct 17, 2017 10:08am
Quoting PayTheLimit
I'm gonna low ball them, and bid 3157 on some, risk 10....
filled and moved my stop to risk 4, try for 3205ish...
Look Sharp/Trade Tight
  • #455,789
  • Oct 17, 2017 10:37am Oct 17, 2017 10:37am
Quoting PayTheLimit
{quote} filled and moved my stop to risk 4, try for 3205ish...
Good entry. I scalped 3170 level several times way down. Price below 3170 changed my game plan short term... I was bull biased, but now sitting sidelines. Kind of a weird day today... Let's see if 317ish can hold as support now
  • #455,790
  • Oct 17, 2017 10:40am Oct 17, 2017 10:40am
Quoting PayTheLimit
{quote} filled and moved my stop to risk 4, try for 3205ish...
Longs out
  • #455,791
  • Edited 11:06am Oct 17, 2017 10:46am | Edited 11:06am
Quoting Liquidsnake
My 2 cents for the week. Ignore the blue lines expect the one at TP. was too lazy to clean it up. best of luck Target is 1.3030 {image} Daily chart. 2 days ago we had a touch at the 20sma. If you can see the ascending channel in purple, i 'hope' we can test the bottom of it, which will be well above our 1.3030 target {image}

Perhaps we can reach 1.3030 today already. 1.3144 concerns me a bit, it might become a roadbump since its the .618 fib. however, if the harker speech is positive, it could happend today already! best of luck
  • #455,792
  • Oct 17, 2017 11:21am Oct 17, 2017 11:21am
...slight divergence happening as we speak on the H1 aswell....


Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-17 at 17.20.56.png Size: 91 KB
  • #455,793
  • Oct 17, 2017 11:24am Oct 17, 2017 11:24am
Might see a trip 3200 to confirm break on 4 hour if so I will be loading again
  • #455,794
  • Oct 17, 2017 12:59pm Oct 17, 2017 12:59pm
Quoting elbert3
Might see a trip 3200 to confirm break on 4 hour if so I will be loading again

would have preferred a break of 3120 for that play myself...

that's said looks like decent R at 3206, then looking at 3267....good luck
Look Sharp/Trade Tight
  • #455,795
  • Oct 17, 2017 1:13pm Oct 17, 2017 1:13pm
It's testing 1.3150 for now. A breakout below that level could lead to a drop to 1.3090, but I wouldn't open a short position before said breakout.
  • #455,796
  • Oct 17, 2017 1:16pm Oct 17, 2017 1:16pm
Quoting james1254
It's testing 1.3150 for now. A breakout below that level could lead to a drop to 1.3090, but I wouldn't open a short position before said breakout.

the average daily range has been extended by 30 pips. dont be surprised if price stalls overnight, to continue its path south tomorrow.
  • #455,797
  • Oct 17, 2017 3:51pm Oct 17, 2017 3:51pm
open is a concern, so I added a down
but weekly does not say that
the $ has gone up first but shows a bearish w1 but bullish looking monthly at support
USDLFX currently shows an evening star pattern h4


Quoting Bones
it can do these things down side , up side , side up but not down down {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2002 Screenshot 2017-10-17_21-42-57.png Size: 146 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,798
  • Oct 17, 2017 4:09pm Oct 17, 2017 4:09pm
gbp lfx is not clear but above tl and carries a bullish monthly
looks perfect pattern to me
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXH4 3.png Size: 11 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,799
  • Oct 17, 2017 4:40pm Oct 17, 2017 4:40pm
that man could talk us into recession ,you can not have non-believers in charge full stop

Quoting dean1star
See how the market moves on Carneys Speech.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,800
  • Oct 17, 2017 4:48pm Oct 17, 2017 4:48pm
bring back a believer in Britain!
at least hed start with better models and be closer in projections
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
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