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Cable Update (GBPUSD)

  • #455,801
  • Oct 18, 2017 3:46am Oct 18, 2017 3:46am
Quoting elbert3
Might see a trip 3200 to confirm break on 4 hour if so I will be loading again
hope you got some mate...
Look Sharp/Trade Tight
  • #455,802
  • Oct 18, 2017 3:46am Oct 18, 2017 3:46am
It's confused, but who wouldn't be with all the Brexit palaver and prevarication. Here's a chart. In a word, it's going up:

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Gone to a better place
  • #455,803
  • Oct 18, 2017 3:53am Oct 18, 2017 3:53am
positive news !!! still Down ?? damn pair
  • #455,804
  • Oct 18, 2017 4:00am Oct 18, 2017 4:00am
Quoting forexlover20
positive news !!! still Down ?? damn pair
Take a look at the other Usd pairs, then Eur/Gbp. That's the story right now.
Gone to a better place
  • #455,805
  • Oct 18, 2017 4:11am Oct 18, 2017 4:11am
Quoting PayTheLimit
{quote} hope you got some mate...
Yes still in and more . Looks like stops where taken out over 3200
  • #455,806
  • Oct 18, 2017 9:35am Oct 18, 2017 9:35am
the nemesis of the week is open ,and red upper tl
Attached Image
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  • #455,807
  • Oct 18, 2017 9:43am Oct 18, 2017 9:43am
my up channel is almost range lol ,I think bear week could mean the major tl it forgot lower
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,808
  • Oct 18, 2017 9:52am Oct 18, 2017 9:52am
super difficult to alter at this stage
Attached Image
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  • #455,809
  • Oct 18, 2017 11:13am Oct 18, 2017 11:13am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,810
  • Oct 18, 2017 12:47pm Oct 18, 2017 12:47pm
usd pushed up again w1 is bear
should hold off this week
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  • #455,811
  • Oct 18, 2017 1:00pm Oct 18, 2017 1:00pm
Quoting Liquidsnake
{quote} the average daily range has been extended by 30 pips. dont be surprised if price stalls overnight, to continue its path south tomorrow.
You're right, it did stall. At is looks, it won't be breaking out below 1.3150 at all.
  • #455,812
  • Oct 18, 2017 1:07pm Oct 18, 2017 1:07pm
recipe =add charts to general chit-chat make FF better...

Quoting james1254
{quote} You're right, it did stall. At is looks, it won't be breaking out below 1.3150 at all.
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  • #455,813
  • Oct 18, 2017 1:09pm Oct 18, 2017 1:09pm
example
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  • #455,814
  • Oct 18, 2017 1:55pm Oct 18, 2017 1:55pm
the sellers
Attached Image
are in that wick


Quoting Bones
if eur gbp goes there 1 of 2 things should happen eur down gbp up forex is handy for confluence {image}
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  • #455,815
  • Oct 18, 2017 2:03pm Oct 18, 2017 2:03pm
you don't need market depth to know it
let's see what happens next
few days
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  • #455,816
  • Oct 18, 2017 2:08pm Oct 18, 2017 2:08pm
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  • #455,817
  • Oct 18, 2017 2:37pm Oct 18, 2017 2:37pm
Quoting Fader123
{quote} Just think what do - do hedge funds and investment banks and the top forex traders have in common They all use fundamentals. And it's about understanding sentiment On GDP http://www.express.co.uk/finance/cit...mmets-GDP-down Getting back to your question it's late here and I will put something down this week.
This spreadsheet shows turning points based on fundamentals.

When would I enter? - typically when there is a large divergence from current central bank interest rate policy.

Sometime I would trade NFP - really it depends on what the market is looking at.

I will also trade sentiment. Sentiment is how the market feels about a currency.

Its not really based on charts - but on what is happening in the economic or geopolitical spheres

Good luck
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  • #455,818
  • Oct 18, 2017 2:48pm Oct 18, 2017 2:48pm
the public is not thinking leaving EU is a problem? why Carney is always wrong
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  • #455,819
  • Oct 18, 2017 3:09pm Oct 18, 2017 3:09pm
Quoting Bones
the public is not thinking leaving EU is a problem? why Carney is always wrong {image}
who knows.....
  • #455,820
  • Oct 18, 2017 3:14pm Oct 18, 2017 3:14pm
the chart...

Quoting Fader123
{quote} who knows.....
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