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Cable Update (GBPUSD)

  • #456,561
  • Nov 26, 2017 8:02am Nov 26, 2017 8:02am
Quoting Dr.Phoenix
Hi, As you can see on the charts, the red horizontal line of 50% (Intitial Balance for Friday) is already upper than the current month's IB (red arrows) and Friday's close price is upper then 0% (red level). It is bullish for sure. Next Friday is of great significance, it is NFP's friday. So, Monday and Tuesday give us the new month's (December) IB. However, for now it is hard to say how price is about to behave next month (we need to see the expanded IB), but I believe that the price will hit the 34100-34500 area at least (it might be tested before...
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #456,562
  • Nov 26, 2017 8:10am Nov 26, 2017 8:10am
Quoting Bones
Im drawing the major tl like that if it goes lower it isn't it not a minor one {quote} {image}
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #456,563
  • Nov 26, 2017 8:10am Nov 26, 2017 8:10am
Quoting Dr.Phoenix
Hi, As you can see on the charts, the red horizontal line of 50% (Intitial Balance for Friday) is already upper than the current month's IB (red arrows) and Friday's close price is upper then 0% (red level). It is bullish for sure. Next Friday is of great significance, it is NFP's friday. So, Monday and Tuesday give us the new month's (December) IB. However, for now it is hard to say how price is about to behave next month (we need to see the expanded IB), but I believe that the price will hit the 34100-34500 area at least (it might be tested before...
NFP is on 08/12 not next Friday.
  • #456,564
  • Nov 26, 2017 8:22am Nov 26, 2017 8:22am
I do think its above its tl
this is the second way I referred
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 55 GBPUSD 2 weeks.png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #456,565
  • Nov 26, 2017 8:55am Nov 26, 2017 8:55am
in fact
gbp aud follows a tl nicely after testing its major TL break -at res now
Eur has surprised me to go that high
im thinking EU closed an open gap ,as eur gbp carriers a bearish monthly but so far very reluctant
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 60 EURGBP Monthly.png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #456,566
  • Nov 26, 2017 9:12am Nov 26, 2017 9:12am
top of a channel
and gap
but have to see open
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #456,567
  • Nov 26, 2017 10:29am Nov 26, 2017 10:29am
My 2 cents on this pair. nothing has changed imo.
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  • #456,568
  • Nov 26, 2017 10:52am Nov 26, 2017 10:52am
cable starting to look bullish again

but needs a daily close above 1.3400
  • #456,569
  • Nov 26, 2017 11:39am Nov 26, 2017 11:39am
Quoting Bones
{quote} {image}
and

Quoting claudia1
{quote} NFP is on 08/12 not next Friday.
Thanks, I did not see it. I thought it would be on 01.12.

It means that Monthly IB is about to be formed on 01.12 (on 4 and 5.12), a week before NFP.

The next week IB is ordinary, however.

Interesting... indeed.

Best
D.P.
Hunting High and Low
  • #456,570
  • Nov 26, 2017 11:57am Nov 26, 2017 11:57am
Quoting Nala66
{quote} There is no such thing as overbought or oversold... Look between Sept and Oct was that overbought too.
The market is in different stage than Sep-Oct period

Attached Image (click to enlarge)
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  • #456,571
  • Edited 2:01pm Nov 26, 2017 12:16pm | Edited 2:01pm
For what it's worth from a first post and those that think Elliot Wave and Fib has some validity.
The guy I follow, on a daily chart, has 1.3417 as the .618 retracement and labeled "typical W.2 or B target".
On the 240', he has below the 24Nov low of 1.3276 labeled "below here multi-day high is complete and a
short set up to 1.3060-1.3026.
  • #456,572
  • Nov 26, 2017 11:17pm Nov 26, 2017 11:17pm
Quoting asgcorp
{quote} good levels but there is heavy supply @ 3400 and it's also 618 of the big mid sept - early oct swing. Overall a very nice breakout of the range but a throwback is in order soon.

I've adjusted my levels a tad....3442 and 3478..

I see some/other R's also, but those are my best....

keep your charts coming man, good stuff as always....
Look Sharp/Trade Tight
  • #456,573
  • Nov 27, 2017 12:57am Nov 27, 2017 12:57am
Gbp/Usd seems has lost it upside momentum, hovering around 1.33 level, break above 1.3360 would send the pair back to its bullish trend.
  • #456,574
  • Nov 27, 2017 4:43am Nov 27, 2017 4:43am
Good morning all !

I will post here if you dont mind !

At the moment ....long from 1.3330 No SL (But ready to hedge or ..) TS ..... after R1

Sorry for delay in posting my call !

Trade Safe
S

P.S. Only Ma and stochastic Indi . One hour chart + FF News + FF Calendar
  • #456,575
  • Nov 27, 2017 7:07am Nov 27, 2017 7:07am
Long closed at 1.3366
GD all

Trade safe
S
  • #456,576
  • Nov 27, 2017 11:04am Nov 27, 2017 11:04am
A picture

As you can see we have a MONTHLY POC untouched, it is at the level of 3512. It is very possible the price is pointing at this level.

Best
D.P.

P.S. Additionally I can say the price tends to test Volume Area High (the upper white horizontal line).
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-27_20-02-31.jpg Size: 214 KB
Hunting High and Low
  • #456,577
  • Nov 27, 2017 11:17am Nov 27, 2017 11:17am
Quoting Dr.Phoenix
A picture As you can see we have a MONTHLY POC untouched, it is at the level of 3512. It is very possible the price is pointing at this level. Best D.P. P.S. Additionally I can say the price tends to test Volume Area High (the upper white horizontal line). {image}
Hi!

I'm just wondering what the green/red/gray lines are? Somehow look like VWAP deviations from a bigger timeperiod?

Thanks!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #456,578
  • Nov 27, 2017 11:55am Nov 27, 2017 11:55am
Quoting michisuperfr
{quote} Hi! I'm just wondering what the green/red/gray lines are? Somehow look like VWAP deviations from a bigger timeperiod? Thanks!
Yes, they are, VWMA, to be more precise

Best
D.P.
Hunting High and Low
  • #456,579
  • Nov 27, 2017 12:29pm Nov 27, 2017 12:29pm
Quoting Dr.Phoenix
{quote} Yes, they are, VWMA, to be more precise Best D.P.
Looks interesting, thanks
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #456,580
  • Nov 27, 2017 2:27pm Nov 27, 2017 2:27pm
Bearish day tomorrow?

It could be a ride all the way down to 1.3050 (not in one day, of course!).
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