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Cable Update (GBPUSD)

  • #467,621
  • Nov 3, 2018 5:38pm Nov 3, 2018 5:38pm
technically that's not a swing
I'm telling you today it is a swing
Attached Image (click to enlarge)
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not as nice as the example but still a super problem without the low or lower
only time can prove that right
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #467,622
  • Nov 4, 2018 3:27am Nov 4, 2018 3:27am
I use Gartley pattern at 4H chart , 3042 = fibo 61.8 of 3260(X)to 2695(A), now going to C leg 2828-2736 (61.8 to 88.6 zone) and D leg might at fibo 78.6 of X to A 3125 and Fibo Ext A-B 1.272 3132 so this zone i will look for short, but this just my prediction using this pattern, i may wrong, can someone point my mistake at this pattern or give me opinion?
PA Return This Week: 37.9%
  • #467,623
  • Nov 4, 2018 3:40am Nov 4, 2018 3:40am
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PA Return This Week: 37.9%
  • #467,624
  • Nov 4, 2018 4:24am Nov 4, 2018 4:24am
Quoting LeongPuiy
{image}
I like the picture 1.29 the monthly pivot has been broken market have no time to test it until we see buying to +/- 1.33 the proof is reversal 3 inside up pattern in the daily.
After that selling to 1.29 to confirm the reversal if it hold you know what you do...

This only my fantasy do not take it seriously.
I wonder what Q candle is printed after this fantasy
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #467,625
  • Nov 4, 2018 4:51am Nov 4, 2018 4:51am
If you have 3 spare hours. AI frightening. We already have AI in forex and it īll get worse for us.
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POSTMASTER
  • #467,626
  • Nov 4, 2018 5:11am Nov 4, 2018 5:11am
Quoting Bones
technically that's not a swing I'm telling you today it is a swing {image}not as nice as the example but still a super problem without the low or lower only time can prove that right
I'll use this for my next trades.

I think we have 1 diamond ahead, so i'll do this:

- If the price goes to the top in 1.318 , i'll wait confirm the top for to sell.

- If the price goes to the bottom in 1.285 / 1.283, i'll wait confirm the bottom for to buy.

Attached Image (click to enlarge)
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.


Good luck traders. .

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #467,627
  • Nov 4, 2018 7:06am Nov 4, 2018 7:06am
Quoting Zircon
{quote} I like the picture 1.29 the monthly pivot has been broken market have no time to test it until we see buying to +/- 1.33 the proof is reversal 3 inside up pattern in the daily. After that selling to 1.29 to confirm the reversal if it hold you know what you do... This only my fantasy do not take it seriously. I wonder what Q candle is printed after this fantasy?

The answer without hesitation is. nowhere. , just near to this point.
the idea is the fundamental is the driver , the technical is only a complement.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #467,628
  • Nov 4, 2018 9:30am Nov 4, 2018 9:30am
big guns
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6 month chart
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #467,629
  • Nov 4, 2018 10:32am Nov 4, 2018 10:32am
Quoting palpite
{quote} I'll use this for my next trades. I think we have 1 diamond ahead, so i'll do this: - If the price goes to the top in 1.318 , i'll wait confirm the top for to sell. - If the price goes to the bottom in 1.285 / 1.283, i'll wait confirm the bottom for to buy. {image} . Good luck traders. . .
me too, but i expect it go further low at 28-2700 zone ,then look for signal buy
PA Return This Week: 37.9%
  • #467,630
  • Nov 4, 2018 11:25am Nov 4, 2018 11:25am
Quoting LeongPuiy
{quote} me too, but i expect it go further low at 28-2700 zone ,then look for signal buy
Yes, i know. Because of this i'll wait to confirm the bottom or the top before to open the trade.

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #467,631
  • Nov 4, 2018 12:53pm Nov 4, 2018 12:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 289 KB

Hey B
Market still closed now let's discuss.
What about this descending trend line, this one is 3 times touch yours is only 2 times needs 3rd time to be more reliable, if so how many pips to touch the line.?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #467,632
  • Nov 4, 2018 12:54pm Nov 4, 2018 12:54pm
GU gap up 88 pips 1.3052 , https://www.xe.com/currencyconverter...rom=GBP&To=USD
GJ gap up 100 pips 147.73, https://www.xe.com/currencyconverter...rom=GBP&To=JPY
  • #467,633
  • Nov 4, 2018 12:59pm Nov 4, 2018 12:59pm
Whatever, red or green next UK data release, Brexit deal this November is main driver for Pound. Pound is buy only.
  • #467,634
  • Nov 4, 2018 1:00pm Nov 4, 2018 1:00pm
Quoting conglomerate
GU gap up 88 pips 1.3052 , https://www.xe.com/currencyconverter...rom=GBP&To=USD GJ gap up 100 pips 147.73, https://www.xe.com/currencyconverter...rom=GBP&To=JPY
Correct
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #467,635
  • Nov 4, 2018 2:43pm Nov 4, 2018 2:43pm
It's a biiiiiiiig gap
  • #467,636
  • Nov 4, 2018 2:45pm Nov 4, 2018 2:45pm
Here's my take on the GBPUSD, from a technical perspective.

We are having a sideways or consolidating phase in the GBPUSD market. On the daily time frame, two bottoms are distinct around the 1.26900 area. The second bottom was formed last week Thursday and a strong bullish continuation was witnessed on Friday. Technically, we may have a further bullish move, at least in the early part of this week. As my medium-term bias is bearish GBPUSD, I will wait out the Monday market; I rarely trade on Mondays. If a feasible bearish setup emerges upon the close of Monday market, particularly around an area of value, that will pique my interest.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #467,637
  • Nov 4, 2018 2:56pm Nov 4, 2018 2:56pm
Why Pound gap up today? Because, UK & EU finished deal about Irish border. Read Sunday Times .
  • #467,638
  • Nov 4, 2018 3:02pm Nov 4, 2018 3:02pm
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it's on or about that green line . Thing is ... is it full resistance ??
  • #467,639
  • Nov 4, 2018 3:11pm Nov 4, 2018 3:11pm
One word ... stops ....!!!!
  • #467,640
  • Nov 4, 2018 3:45pm Nov 4, 2018 3:45pm
We might not see 1.3042
POSTMASTER
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