Cable Update (GBPUSD)

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Post #456,201
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Nov 1, 2017 2:31pm Nov 1, 2017 2:31pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 21,035 Posts

it hasn't got unlimited movement at all if you read it right
you can check eur gbp monthly and make assumptions,eu would fall faster in a month without a doubt

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Post #456,202
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Nov 1, 2017 2:39pm Nov 1, 2017 2:39pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 21,035 Posts

see d1 , but its basically range,I'm saying right now the weekly open will not change to bear
even yesterday

Quoting Bones

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I think cable is limited to the major tl The weekly open is a bear problem this week {quote} {image}

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Post #456,203
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Nov 1, 2017 2:43pm Nov 1, 2017 2:43pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 21,035 Posts

eu is bearish consolidation

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Post #456,204
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Nov 1, 2017 3:00pm Nov 1, 2017 3:00pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 21,035 Posts

eur gbp

Quoting Bones

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2526335{image} {image}

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Post #456,205
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Nov 1, 2017 3:41pm Nov 1, 2017 3:41pm

Dr.Phoenix
Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts

Quoting Dr.Phoenix

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{quote} Hi, fellow-traders It is possible that bulls are in control of the market. Wednesday should confirm it or not. Why so? 1. Although 50% of the current month IB (Pic. 1) is still below the 100% line of the previous month's IB, the price is coming in to the 0%-100% area of the previous month's IB, what could bring us to the level of 50% for testing almost surely - 50% of the previous month's IB, I mean. 2. The current price level is nearby the local 4H high, what could force the price to be closed higher than this 4H high. 3. But the main thing...

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Hi, guys

Today we can see the second attempt to overcome the 50% level of the previous month's IB and ...it has failed.

We can assume the price might come back to the levels of 1.3130-1.3150.

Looking forward to NFP...

Best
D.P.

P.S.

Quoting Bones

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see d1 , but its basically range,I'm saying right now the weekly open will not change to bear even yesterday {quote} {image}

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Yep.

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Hunting High and Low

Post #456,206
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Nov 1, 2017 4:59pm Nov 1, 2017 4:59pm

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 8,162 Posts

Hello, I found this video series on youtube and I believe it's really good and many videos helped me to think the right way how to improve.
The guy is great and he shares a lot of precious knowledge.
I thought to come here and share with people, hope you don't mind

it's just sharing I don't own any right on it.

Enjoy

Inserted Video

Survey for smileys on FF is active. Ask me.

Post #456,207
Quote
Nov 1, 2017 5:19pm Nov 1, 2017 5:19pm

OHLC
| Joined Oct 2017 | Status: Member | 498 Posts

Quoting _BBKing_

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Hello, I found this video series on youtube and I believe it's really good and many videos helped me to think the right way how to improve. The guy is great and he shares a lot of precious knowledge. I thought to come here and share with people, hope you don't mind it's just sharing I don't own any right on it. Enjoy https://youtu.be/FcllPexPWcc

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Good video and there's also this YouTube channel. There is a series of videos on that channel and they're not just from this guy, but also from city traders, etc. Don't believe everything you read in the forums, watch the videos of the professionals and hear it straight from their mouth (I'm referring to the older videos on that channel so you'd have to scroll down). I'm not affiliate.

Here's Tom with the weather.

Post #456,208
Quote
Nov 1, 2017 5:54pm Nov 1, 2017 5:54pm

Nala66
Joined Mar 2016 | Status: Member | 4,367 Posts

Well wasn't that an interesting yesterday.

It looks like the bulls have found support (for now) but inside the triangle causing yet another false breakout.

This has the effect of widening the triangle and thus increasing the target distances. It always seems counter intuition to make a pull back so it can climb higher.

Notice how price has stayed within the shadow of A B for these past two weeks or so. We can never trust breakouts until we pass the A or B.

Anyway if this bull support now holds then that means the bear support can be taken out and that looks likely to happen.

Target now 1.3631 if it breaks today!!!!!

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