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Cable Update (GBPUSD)

  • #462,901
  • Jul 26, 2018 2:49am Jul 26, 2018 2:49am
Quoting Trade-G
{quote} Looks like the odds on the Algos lol, what the Algos did not learn is a lot of other things....
very possible mate...
hence it is not saying "100%"....
if it was that sure, then i would be on a beach with a hot babe not talking to you here
  • #462,902
  • Jul 26, 2018 2:50am Jul 26, 2018 2:50am
Quoting Nala66
Watch this for the bounce or cross... {image}
We are looking at the same thing, either break or bounce.
  • #462,903
  • Jul 26, 2018 2:52am Jul 26, 2018 2:52am
Quoting squidster85
{quote} very possible mate... hence it is not saying "100%".... if it was that sure, then i would be on a beach with a hot babe not talking to you here
Of course lol but you are still here right mate right here with me
  • #462,904
  • Jul 26, 2018 3:00am Jul 26, 2018 3:00am
The price can go either way, up or down. ( Break or bounce )
Intraday only.
  • #462,905
  • Jul 26, 2018 3:00am Jul 26, 2018 3:00am
I keep on selling it, took one @ 3193

I see the next trip stations: now 93 -> 65 -> 83 -> 15
  • #462,906
  • Jul 26, 2018 3:03am Jul 26, 2018 3:03am
Quoting Trade-G
{quote} Of course lol but you are still here right mate right here with me
but the price did drop...so i am gaining more confidence in the machine learning models and they are not part of my core strategy..
  • #462,907
  • Jul 26, 2018 3:08am Jul 26, 2018 3:08am
We have a reversal signal, now what we need is to break the structure for bearish continuation, if it fails the upmove will continue.
  • #462,908
  • Jul 26, 2018 3:37am Jul 26, 2018 3:37am
Rejection below is likely to send it up to 1.3200 region
  • #462,909
  • Jul 26, 2018 3:46am Jul 26, 2018 3:46am
Quoting Trade-G
Rejection below is likely to send it up to 1.3200 region
nope, it is just taking a breath and getting ready for the downside marathon
  • #462,910
  • Jul 26, 2018 3:47am Jul 26, 2018 3:47am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD.TRADE.jpg Size: 57 KB
to err is human
  • #462,911
  • Jul 26, 2018 3:50am Jul 26, 2018 3:50am
Quoting aa4fx
{quote} nope, it is just taking a breath and getting ready for the downside marathon
You could be right...
  • #462,912
  • Edited 4:12am Jul 26, 2018 3:54am | Edited 4:12am
GBPUSD is trading below the resistance level 1.32135 and forms a rising wedge pattern in a technical 4-hour chart. I expect the bearish momentum to continue for next trading hours, pair crosses first support at 1.31912 and is trying to sustain below second support at 1.31804. Further mounting pressure will force the pair to fall till level of 1.31324, after sustenance below third support level 1.31648. A solid breakdown of pattern will make the pair to hit a level of 1.30544.

If it breaches the resistance level, then it could face hurdle at second resistance level 1.32371 and may witness a climb till level of 1.33495 after breaching third and fourth support at 1.32635 & 1.33085.
Attached Image (click to enlarge)
Click to Enlarge Name: 26 July GBPUSD.PNG Size: 70 KB
  • #462,913
  • Jul 26, 2018 4:07am Jul 26, 2018 4:07am
H1 Structure break happened. 1.3208 resistance could mean a turn point, lets see what will happen here at the pivot
  • #462,914
  • Jul 26, 2018 4:12am Jul 26, 2018 4:12am
Quoting aa4fx
I keep on selling it, took one @ 3193 I see the next trip stations: now 93 -> 65 -> 83 -> 15
I just closed some sell @ 81 ... I still have a few.
in this 65 -> 83 there are some numbers like 48/37 that could be touched too

sold 3185
  • #462,915
  • Jul 26, 2018 4:15am Jul 26, 2018 4:15am
H4 has closed with a bearish engulfer. This is bad news for the bulls
  • #462,916
  • Jul 26, 2018 4:20am Jul 26, 2018 4:20am
Quoting Trade-G
{quote} Looks like the odds on the Algos lol, what the Algos did not learn is a lot of other things....
machines will take over the world eventually.....
  • #462,917
  • Jul 26, 2018 4:27am Jul 26, 2018 4:27am
Quoting squidster85
{quote} machines will take over the world eventually.....
There are many obstacle. What we know the "AI" are mostly regurgitation, (if, then this, that, whatif etc...) even when true learning to the extent of self learning happens, it cannot be creative. Scenerio play however are not limited by human who can think out of the box. What your Algo is right is that the statistics of 70% vs 30% probability of touching the pivot point, however as the candles unfold itself, new information becomes available and may clue you in what most likely will happen. Of course when we trade probabilities we are suppose to stick to the game plan.
  • #462,918
  • Jul 26, 2018 4:31am Jul 26, 2018 4:31am
Quoting Trade-G
Rejection below is likely to send it up to 1.3200 region
We have a mix signal here, rejection exist and is now trying to break the down trendline and if successful it will head for 1.3200 region. Having said that H1 structure was broken, unless it is building a stronger base.
  • #462,919
  • Jul 26, 2018 4:33am Jul 26, 2018 4:33am
As long as pivot stays supported, we could be having more upside.
  • #462,920
  • Jul 26, 2018 4:34am Jul 26, 2018 4:34am
checking my bull..
ya still fine and eating grass too
Attached Image
just for a cup of coffee...
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