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Cable Update (GBPUSD)

  • #466,461
  • Oct 19, 2018 9:13pm Oct 19, 2018 9:13pm
Quoting Ill-b-back
Weekly bears struggling with support region below, placing pressure on upper TL. {image}
Still Nada on the weekly break at this point in time Sir

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Come with me if you want to live....
  • #466,462
  • Oct 19, 2018 11:59pm Oct 19, 2018 11:59pm
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #466,463
  • Oct 20, 2018 12:04am Oct 20, 2018 12:04am
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what do we have 1 weekly doji at 2700 area ..2.. price has come down to the top of the bull candle on the left . It's a bull candle as it is bigger then its previous... 3.. multiple try's on the 4 hour chart to get lower .. so if if that was a bounce then look to 3450 area ... short well we await the open to see if brexit is moving the market 2 will price test the 2950 area and then that weekly doji at 2700 . I do have a fib ext on the number funny enough. Well that's my opinion for the week . And no mention of coffee .. regards E
  • #466,464
  • Oct 20, 2018 6:07am Oct 20, 2018 6:07am
fake story but technically in the right place, tl and pivot held
another gap down is negative
gap up positive imo

Quoting elbert3
{quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #466,465
  • Oct 20, 2018 6:34am Oct 20, 2018 6:34am
Quoting palpite
{quote} Not is good, will cross the support for me. Next week i'll search points for to Sell.
My analysis for the next week.

- The price is inside of 1 triangle or flag, as you prefer, and i want that the price crossing the support for to Sell.

- I'll use 1.31 for to make my decision.

- If touch .131 and not cross, I'll Sell below of 1.303.

- If cross 1.31, i'll wait for to Sell below of 1.307.

Attached Image (click to enlarge)
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Good luck traders.

.
Together we can be strongest
Vantage Return This Month: na
  • #466,466
  • Oct 20, 2018 7:27am Oct 20, 2018 7:27am
Quoting LeongPuiy
{quote} your tp?
I don't have an idea yet about TP. We will see on next Monday
  • #466,467
  • Edited 8:12am Oct 20, 2018 7:51am | Edited 8:12am
Quoting msniper
{quote} GJ is going to 150. careful with your short unless its only scalpling
Thanks for the advise
I love advises from all traders. I'm a far away as perfect person.

I read some news, next week will come more terrible about Brexit. London Parliament Politicians said: Sterling will BIG FALL.
In my view, GU need drink coffee right now (correction) . US Dollar over value. Need take a break (DXY).
Yen Japan is cannibal. Look at USDJPY. Sadistic. Yen pairs are sharper than USD pairs. It's why I switched my bet to GJ right now.

Special for GJ: Weekly chart, 99,99% without bargaining GJ should be BIG FALL than GU

Yes...of course I keep my watching GU. I just waiting the good opportunity for GU.

And last Friday was taking profits, include me
  • #466,468
  • Edited 9:21am Oct 20, 2018 7:59am | Edited 9:21am
Quoting waky
{quote} Oh why did u not keep ur short trade from last week? Just to learn more!
Profits taking...mate We don't know How Perfect Market Run and what kind fundamentals news will come.
I hold Long UCHF, UCAD and Short GU for 25 trading days. It was over my profits target. It is money ..man..

I have trading plan, one point of my trading plan is Profits Target. If I got over profits target, that over target I call: Bonuses. Safety Living.
  • #466,469
  • Edited 9:13am Oct 20, 2018 8:41am | Edited 9:13am
I want to short GJ at 149.50 area, but I was doubt. You can see in this level was consolidation. Hard to break RED LINE above. Waiting bellow Royal Blue TL is prudent.

Attached Image (click to enlarge)
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H4, price bellow Royal Blue TL, at 200 EMA (Green) and CCI (White is UP, Red is Down)

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Bonus recommendation:
AUDUSD leg UP Trend is start

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  • #466,470
  • Oct 20, 2018 10:04am Oct 20, 2018 10:04am
GBPUSD Fibonacci Analisys MTF
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  • #466,471
  • Oct 20, 2018 10:06am Oct 20, 2018 10:06am
This whole Brexit thing is tiring. Perhaps there should be another referendum so British folks can correct their mistakes and vote to stay.

That Way I can buy the hell out of GU back to 1.50.

  • #466,472
  • Oct 20, 2018 10:53am Oct 20, 2018 10:53am
I shared 1 indicator of volume in my thread, if someone want, can go download there.

Attached Image (click to enlarge)
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https://www.forexfactory.com/showthr...7#post11606277

.
Together we can be strongest
Vantage Return This Month: na
  • #466,473
  • Oct 20, 2018 12:40pm Oct 20, 2018 12:40pm
Fundamentals as they says unchanged no deal .

This weekly gap cannot closed down, it can only closed up.
I think the open is another gap down to continue downside trending.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #466,474
  • Oct 20, 2018 12:52pm Oct 20, 2018 12:52pm
I only need 3 or 4 more candles of H4, and I know where is the GU and EU next direction
I'm not shaman. My Probability: 70% true and 30% false. See you all great traders on Monday

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  • #466,475
  • Oct 20, 2018 8:31pm Oct 20, 2018 8:31pm
Quoting mamalujo
This whole Brexit thing is tiring. Perhaps there should be another referendum so British folks can correct their mistakes and vote to stay. That Way I can buy the hell out of GU back to 1.50.
Yes, this whole Brexit thing is tiring. Perhaps there should be a final realisation that the common market and EU thing was simply a ploy by Marxists to deny the existence of the nation state under an undemocratic and unrepresentative swill and British folks can direct their government to detonate an air blast overhead Brussels, then walk away to join with the US and Commonwealth into an age of prosperity. That Way I can buy the hell out of GU back to 2.50.
  • #466,476
  • Oct 21, 2018 3:44am Oct 21, 2018 3:44am
Quoting Mpt
{quote} Yes, this whole Brexit thing is tiring. Perhaps there should be a final realisation that the common market and EU thing was simply a ploy by Marxists to deny the existence of the nation state under an undemocratic and unrepresentative swill and British folks can direct their government to detonate an air blast overhead Brussels, then walk away to join with the US and Commonwealth into an age of prosperity. That Way I can buy the hell out of GU back to 2.50.
lol mate ...
Fix up, trade sharp ...
  • #466,477
  • Oct 21, 2018 4:21am Oct 21, 2018 4:21am
Friday was some mixed signals on H1 but overall not a bad week.
  • #466,478
  • Oct 21, 2018 5:36am Oct 21, 2018 5:36am
BXY (GBP) is likely going to under perform over the next few weeks. It is indeed the Brexit debacle and all it's facets that keeps uncertainty driving the future of this currency
xxx
  • #466,479
  • Oct 21, 2018 5:50am Oct 21, 2018 5:50am
Quoting conglomerate
I want to short GJ at 149.50 area, but I was doubt. You can see in this level was consolidation. Hard to break RED LINE above. Waiting bellow Royal Blue TL is prudent. {image} H4, price bellow Royal Blue TL, at 200 EMA (Green) and CCI (White is UP, Red is Down) {image} Bonus recommendation: AUDUSD leg UP Trend is start {image}
you can short it at 150.20 or above next week may be. I am still waiting for 1 more high before the big drop
  • #466,480
  • Oct 21, 2018 8:30am Oct 21, 2018 8:30am
no trading on monday as I am traveling.

will be back on tuesday
Intraday only.
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