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Cable Update (GBPUSD)

  • #457,201
  • Dec 19, 2017 11:43am Dec 19, 2017 11:43am
posted this elsewhere. DXY gap fill very likely. Should boost GU and help it complete the W setup.
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  • #457,202
  • Dec 19, 2017 11:49am Dec 19, 2017 11:49am
out flat and cancelled pending buy. I don't see any buyers here. If I miss it - no big deal. I figure this dips into LO Wednesday and then we can buy @ a lower price.
  • #457,203
  • Dec 19, 2017 11:52am Dec 19, 2017 11:52am
projected price action. Will look @ buying the dip @ LO.
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  • #457,204
  • Dec 19, 2017 12:15pm Dec 19, 2017 12:15pm
this is bullshit move here. No real move coming until LO. Have a good one fellas!
  • #457,205
  • Dec 19, 2017 1:26pm Dec 19, 2017 1:26pm
Quoting asgcorp
great! so waited for this all day. and nothing happens.
still have to wait for the senate mate
just for a cup of coffee...
  • #457,206
  • Dec 19, 2017 2:11pm Dec 19, 2017 2:11pm
Last night in post #457,137 I attached the support and resistance levels of the Volatility Response Model (VRM) for Tuesday. Here are the results. Weekly levels in the top 30 minute chart, daily levels in the bottom 30 minute chart. Times are GMT-4 . EMA channel (4,7) included.

Weekly VRM level 1.3397 featured as the day's high. The market then fell to VRM daily level 1.3347. There were some large gaps between VRM levels. Did anyone find a resistance level about 1.3397 using other technical analysis techniques?

Predictions for tonight and tomorrow to follow shortly.
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  • #457,207
  • Dec 19, 2017 4:09pm Dec 19, 2017 4:09pm
I attach the VRM predictions for GBPUSD for tonight and tomorrow finishing 5 pm 20th December in New York.

The GBPUSD has not yet found support above the centre of the short term trend channel now at 1.3392.

A description of the algorithm and format of the attached chart can be found attached to my previous posts. For anybody interested in predictions for other FX pairs just follow the link at the end of these two documents.
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  • #457,208
  • Dec 19, 2017 9:41pm Dec 19, 2017 9:41pm
ok I like what I see so far. Setting up for a final pump to 3500. Let's do the dip London mofos!
  • #457,209
  • Dec 19, 2017 9:47pm Dec 19, 2017 9:47pm
we are going up fellas, now I'm wrong sometimes, that's true, but ready to stake my rep on this move. We are going to see 3500 today/Thursday. Final pump, get ready! We be stacking!
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  • #457,210
  • Dec 19, 2017 10:07pm Dec 19, 2017 10:07pm
probably 3-4 hours until the dip. Time to have some coffee and RR come back soon.
  • #457,211
  • Dec 19, 2017 10:25pm Dec 19, 2017 10:25pm
Inserted Video
  • #457,212
  • Dec 19, 2017 10:34pm Dec 19, 2017 10:34pm
today target will be 3500
Regard NOOR16
  • #457,213
  • Dec 19, 2017 11:13pm Dec 19, 2017 11:13pm
right now fake move = not interested.
  • #457,214
  • Dec 19, 2017 11:37pm Dec 19, 2017 11:37pm
Quoting asgcorp
we are going up fellas, now I'm wrong sometimes, that's true, but ready to stake my rep on this move. We are going to see 3500 today/Thursday. Final pump, get ready! We be stacking! {image}
Bold bet.

So are you saying that in 17+ hours time, Cable will hit 1.3500 at least? Thank you!
  • #457,215
  • Dec 19, 2017 11:53pm Dec 19, 2017 11:53pm
Quoting asgcorp
right now fake move = not interested.
man u called it right. was a fake move
  • #457,216
  • Dec 19, 2017 11:58pm Dec 19, 2017 11:58pm
Quoting honesttrader
{quote} man u called it right. was a fake move
more patience required.
  • #457,217
  • Dec 20, 2017 2:18am Dec 20, 2017 2:18am
ok my setup failed here. not chasing this move. was only looking to buy dips. Don't have any strategy now.
  • #457,218
  • Dec 20, 2017 2:20am Dec 20, 2017 2:20am
Quoting asgcorp
ok my setup failed here. not chasing this move. was only looking to buy dips. Don't have any strategy now.
The cable bulls came in fast and furious out of nowhere.

Also fueled by the collaspe of USD/DXY.
  • #457,219
  • Dec 20, 2017 2:40am Dec 20, 2017 2:40am
Quoting MoneyFocus
{quote} The cable bulls came in fast and furious out of nowhere. Also fueled by the collaspe of USD/DXY.
true. no dip provided, so not interested. 3430 strong resistance if it ain't broken into US open we have a high prob of rejection @ 3430. If bulls crack 3430 before US open high prob of continuation until 3500.

Have no position and no trade plan now. Will see where the price takes us.

I do see what you mean on DXY, yes.
  • #457,220
  • Dec 20, 2017 2:43am Dec 20, 2017 2:43am
if you look @ EG range, it's still locked here, so naturally it will float lower now, what that means is that either cable pops higher or fiber dumps lower.
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