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Cable Update (GBPUSD)

  • #472,081
  • Dec 7, 2018 4:16pm Dec 7, 2018 4:16pm
Quoting Bones
only red on weekly {image}
Those upper shadows,wicks,on the weekly chart are tough!! Well noticed! The bulls are only trying to survive, its what that chart says me...bears in power, with so much space to catch salmon and trout!!! Yaaammiii!
  • #472,082
  • Dec 7, 2018 6:23pm Dec 7, 2018 6:23pm
2711 well is that this weeks bottom to go long or is as I said before below could be short as a new realm of shorting with 2710 being the resistance we will see . Well done all its been an interesting week . E
  • #472,083
  • Dec 7, 2018 11:27pm Dec 7, 2018 11:27pm
On the overall, GBPUSD has been so low for so long.. Usually when pairs reach such extremes, it gives you better chances to buy vs sell. But that also depends on the time frame you are trading
A 1 pip gain is better than a 1 pip loss.
  • #472,084
  • Dec 8, 2018 8:14am Dec 8, 2018 8:14am
Quoting aeternum
On the overall, GBPUSD has been so low for so long.. Usually when pairs reach such extremes, it gives you better chances to buy vs sell. But that also depends on the time frame you are trading
You are right.

But It needs a catalyst.

The catalyst has to be proper agreement by all politically for BREXIT.

But I am sure the players would like to play more to push it down then announce something.

It is a game.

May be long term players may be buying slowly.
Intraday only.
  • #472,085
  • Edited 10:16am Dec 8, 2018 9:11am | Edited 10:16am
Quoting navk
{quote} You are right. But It needs a catalyst. The catalyst has to be proper agreement by all politically for BREXIT. But I am sure the players would like to play more to push it down then announce something. It is a game. May be long term players may be buying slowly.
situation is very difficult to analyse as usual , if can bull it , should have done much earlier , so pressure remain down still at the lowest level it can play as normal , that somehow kept afloat . more charts may need to see market situation , just One so far saved ! reluctant to do that actually !

eurusd ultimately should not follow but presently the same situation, with brexit they both suffer to the extreme before dissociate perhaps .all in last leg up before further tanking if by 1-2 days only !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 39 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 46 KB
Click to Enlarge Name: EURUSDDaily.png Size: 52 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #472,086
  • Dec 8, 2018 9:21am Dec 8, 2018 9:21am
Quoting navk
how good is this? Closed. GJ long still floating. stop in place. {image}
what is that RGH n LGH indicator?
  • #472,087
  • Dec 8, 2018 11:11am Dec 8, 2018 11:11am
not going to happen

Quoting navk
{quote} You are right. But It needs a catalyst. The catalyst has to be proper agreement by all politically for BREXIT. But I am sure the players would like to play more to push it down then announce something. It is a game. May be long term players may be buying slowly.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #472,088
  • Dec 8, 2018 7:32pm Dec 8, 2018 7:32pm
Well I don't think it is too early to call that the overall winner for 2018 was the USD.

Such was the strength of the USD this year it squashed any attempt to threaten it.

Only the JPY gave it any sort of competition finishing the year almost break even.

The good old cable continued to pay our bills with the widest swing of about 1700 pips (so far). Until we see some sort of weakness in the US there is no reason to think of the GBP as long term positive nor any other competitor for that matter. All things must end eventually but there is little point in speculation. Brexit has provided us with an endless supply of amusement and the longer this lasts the better off we are as traders, don't you just love it.Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 98 KB
  • #472,089
  • Dec 9, 2018 4:44am Dec 9, 2018 4:44am
Just checking usdx chart, perhaps preparing to bull next. Take care
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #472,090
  • Dec 9, 2018 6:10am Dec 9, 2018 6:10am
Inserted Video
POSTMASTER
  • #472,091
  • Dec 9, 2018 6:57am Dec 9, 2018 6:57am
As usual MT4 does not present this chart

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-12-09_LI.jpg Size: 1.2 MB
POSTMASTER
  • #472,092
  • Dec 9, 2018 7:34am Dec 9, 2018 7:34am
News last days are about prepare people for accept a no-brexit. This have some logic with current down movements. If will happen a bear breakout is not normal don't have strong retracement before for get better price...

Week gap closed...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_Chrome_20181209-133540.png Size: 390 KB
Try don't lose pants never...
  • #472,093
  • Dec 9, 2018 10:49am Dec 9, 2018 10:49am
Quoting braintheboss
News last days are about prepare people for accept a no-brexit. This have some logic with current down movements. If will happen a bear breakout is not normal don't have strong retracement before for get better price... Week gap closed... {image}
You know i am not an expert about candles but to me looks like there is a long legged candle followed by one up. Some expert could clarify
POSTMASTER
  • #472,094
  • Dec 9, 2018 10:52am Dec 9, 2018 10:52am
Quoting braintheboss
News last days are about prepare people for accept a no-brexit. This have some logic with current down movements. If will happen a bear breakout is not normal don't have strong retracement before for get better price... Week gap closed... {image}
Look around august 2018 first low to the far left
POSTMASTER
  • #472,095
  • Dec 9, 2018 11:25am Dec 9, 2018 11:25am
Waiting for market open

Attached Image
COT: The precious data ignored
  • #472,096
  • Dec 9, 2018 12:28pm Dec 9, 2018 12:28pm
Quoting Robinhood1
{quote} You know i am not an expert about candles but to me looks like there is a long legged candle followed by one up. Some expert could clarify
Previous candle is indecision and last opened up ( creating a gap ). You don't have exact rule about what happens after a gap is closed but normally you have a rejection in that area because gap is a strong area broken with a strong movement creating that empty space. But this is only truth if gap is big and happens near a S/R area. I think will go up but only if vote not happens
Try don't lose pants never...
  • #472,097
  • Dec 9, 2018 12:45pm Dec 9, 2018 12:45pm
Quoting braintheboss
{quote} Previous candle is indecision and last opened up ( creating a gap ). You don't have exact rule about what happens after a gap is closed but normally you have a rejection in that area because gap is a strong area broken with a strong movement creating that empty space. But this is only truth if gap is big and happens near a S/R area. I think will go up but only if vote not happens
oK. i just had a signal GU possibly breaking previous low 1.2657 before going long to around 1.35xx
POSTMASTER
  • #472,098
  • Dec 9, 2018 12:52pm Dec 9, 2018 12:52pm
Quoting Robinhood1
{quote} oK. i just had a signal GU possibly breaking previous low 1.2657 before going long to around 1.35xx
Capture is GBP index. Then an individual pair movement is relative. GU can go deep and others up and you have bull candle...
Try don't lose pants never...
  • #472,099
  • Dec 9, 2018 1:00pm Dec 9, 2018 1:00pm
Quoting braintheboss
{quote} Capture is GBP index. Then an individual pair movement is relative. GU can go deep and others up and you have bull candle...
I agree. thats why i am long on GU (long term), short on GA( mid term)
POSTMASTER
  • #472,100
  • Dec 9, 2018 2:34pm Dec 9, 2018 2:34pm
Quoting Robinhood1
{quote} I agree. thats why i am long on GU (long term), short on GA( mid term)
Tomorrow May will decide if delay vote. If happens I think GBP will be unstoppable to the sky
Try don't lose pants never...
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