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Cable Update (GBPUSD)

  • #473,001
  • Dec 27, 2018 1:19pm Dec 27, 2018 1:19pm
Watching candles, if the week close inside the last bear candle, i know you have some chart pattern exanple showing how it is Bear...indeed agree! Lets see how week ends, Bones buddy! Cheers and happy festivities!!
Ps : i was bear for weeks, so i will not having problem on closing my long position, if so..
  • #473,002
  • Dec 27, 2018 1:36pm Dec 27, 2018 1:36pm
Quoting xandi
{quote} I went look the weekly, without candles, and i didnt like what i see...i changed side now, longed position. Explaining my view, on weekly can be those abc correction, or 3 drive pattern to reach 88% retracement..trying chart.... tPs: after explain other zoom with again weekly chart. 3 drive pattern more or less price retracing to 2820, and after short until 88% retracement...both scenarios are buyng at the present until 2880, imho... {image}
Too risky this long, i remember posts from Illbeback with that major resistance...and i dont often trade based on weekly...
The hangover from christmas is gone, having fun and trading maybe dont give you the best choices!
  • #473,003
  • Dec 27, 2018 1:52pm Dec 27, 2018 1:52pm
Sorry for the confusion, closed long...by daily chart, that lower low displace me...take care, i will trade without posting, many conclusions to be taken...we are not at that moment yet..
Attached Image
  • #473,004
  • Dec 27, 2018 2:28pm Dec 27, 2018 2:28pm
Quoting xandi
Sorry for the confusion, closed long...by daily chart, that lower low displace me...take care, i will trade without posting, many conclusions to be taken...we are not at that moment yet.. {image}
This is daily chart, if day ends at this price, h&s may be starting, just adding reasons on short. "La cabeza no paira de girar!"
  • #473,005
  • Edited Dec 28, 2018 1:55am Dec 27, 2018 7:24pm | Edited Dec 28, 2018 1:55am
Quoting Bones
long is wrong check the weekly
Sure in buy zone though. OK range still may play 2659/77+to tank the low, targeting 2527, having signal 2605 breaks and hold type, confirmation 2561, virtual bear target to catch 2475!!.most important early signal 2656 breaks down. Anyway today play should be somehow crazy, may be bad Friday for many to remember. Take care today specially,and if trapped, will the bears specially!!
Testing one best signal 2656/53.breaks,ready for tanking, 2640/32and down to bottom. Eu no clear cut limit but may signal 1448/38/24 and 1408 confirmation for 1364/40 reconfirmation /retest.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,006
  • Dec 28, 2018 2:08am Dec 28, 2018 2:08am
Quoting fontu
{quote} Sure in buy zone though. OK range still may play 2659/77+to tank the low, targeting 2527, having signal 2605 breaks and hold type, confirmation 2561, virtual bear target to catch 2475!!.most important early signal 2656 breaks down. Anyway today play should be somehow crazy, may be bad Friday for many to remember. Take care today specially,and if trapped, will the bears specially!! Testing one best signal 2656/53.breaks,ready for tanking, 2640/32and down to bottom. Eu no clear cut limit but may signal 1448/38/24 and 1408 confirmation for...
What do you advise? To short right now? To wait for a better entry?
  • #473,007
  • Edited 5:27am Dec 28, 2018 2:53am | Edited 5:27am
Quoting FXGambler10
{quote} What do you advise? To short right now? To wait for a better entry?
Calculated risk goes still short, keep eye to 2720+(say 2738/76 ) for 2615 breaks to previous bottom test. Remember it in absolute buy region for 2721/96/2950 next moves after a bottom confirmation . Yes bear can do test the lows here before correction next, hence 2374/2222 all ok. And as I wrote short may trap if no guard/SL carefull about too.check daily tf specially.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,008
  • Dec 28, 2018 3:29am Dec 28, 2018 3:29am
Good for cable? How good?

BREXIT BOMBSHELL: EU panic at no deal threat as Brussels fears budget black hole

https://www.express.co.uk/news/polit...get-black-hole
  • #473,009
  • Edited 4:02am Dec 28, 2018 3:46am | Edited 4:02am
Quoting FXGambler10
Good for cable? How good? BREXIT BOMBSHELL: EU panic at no deal threat as Brussels fears budget black hole https://www.express.co.uk/news/polit...get-black-hole
I would say this news is about as good for Cable as the rest of the Good news Brexit Bollocks has been, that has been flowing from of the media like pumpkin flows from my 7 month olds mouth at feeding time

It stinks and should be thrown into the nearest bin...

How clear is a chart...?

Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 26 KB
Come with me if you want to live....
  • #473,010
  • Dec 28, 2018 4:05am Dec 28, 2018 4:05am
Quoting FXGambler10
Good for cable? How good? BREXIT BOMBSHELL: EU panic at no deal threat as Brussels fears budget black hole https://www.express.co.uk/news/polit...get-black-hole
Not looking to offend you Gambler, just taking the piss out of media crap and this whole staged Brexit circus with some fun.
Come with me if you want to live....
  • #473,011
  • Dec 28, 2018 4:26am Dec 28, 2018 4:26am
My target still the same TP2730, I will make any order after I saw this number in my chart. Good luck all!
  • #473,012
  • Dec 28, 2018 4:49am Dec 28, 2018 4:49am
Quoting FXGambler10
Good for cable? How good? BREXIT BOMBSHELL: EU panic at no deal threat as Brussels fears budget black hole https://www.express.co.uk/news/polit...get-black-hole
The headline in this article is totally misleading.

The headline says "EU panic at no deal threat".

The article then simply goes on to state the obvious and what we already know.
ie: If Britain leave with no deal and refuses to pay the divorce settlement, the EU will have a 39Billion pound black hole left in their budget.

Well of course they will, we have known this for a long time, and SO HAVE THE EU.

This is the funny part:

"Mr Oettinger, who is responsible for the EU's budget, told a German newspaper that the impact of a no-deal exit on the rest of the bloc would be determined by whether Britain paid all the cash agreed to cover promised budget contributions and other liabilities.
He said: "It depends on whether, following a disorderly Brexit, the British would be prepared to fulfil their rights and obligations as contributors by the end of the financial year 2019".

Wow, no shit Mr Oettinger, you're a real Sherlock Holmes aren't you".

None of this is new or even news, and the article gives no indication of "EU Panic".

But I bet it will still suck a few Pound bulls in though
Come with me if you want to live....
  • #473,013
  • Dec 28, 2018 4:53am Dec 28, 2018 4:53am
Sorry, just still poking fun at the media circus, full of clowns and Jesters
Come with me if you want to live....
  • #473,014
  • Dec 28, 2018 4:53am Dec 28, 2018 4:53am
Quoting Ill-b-back
{quote} Not looking to offend you Gambler, just taking the piss out of media crap and this whole staged Brexit circus with some fun.
No offence taken. I am happy to hear alternative point of views.

I am a bear at the moment as long term view. So I am with you. However I also think that Brexit will/can be a game changer so I am on the look out to see if the trend could change before it change on the chats.

Also consider I am an intraday trader and even a scalper so daily I could be short, long or even both.

Play the range when you spot one!
  • #473,015
  • Dec 28, 2018 5:06am Dec 28, 2018 5:06am
Quoting Ill-b-back
Sorry, just still poking fun at the media circus, full of clowns and Jesters
Has anyone here given any thought to how trading the Pound will be affected once Brexit is a done deal????

The idea is on my mind, but at the moment can't really envisage how trading will be like after Britain leaves the euro zone????
Don't Leave Money on the Table
  • #473,016
  • Dec 28, 2018 5:21am Dec 28, 2018 5:21am
Quoting HaLBot
{quote} Has anyone here given any thought to how trading the Pound will be affected once Brexit is a done deal???? The idea is on my mind, but at the moment can't really envisage how trading will be like after Britain leaves the euro zone????
No idea, will cross that bridge when they leave
Come with me if you want to live....
  • #473,017
  • Dec 28, 2018 5:31am Dec 28, 2018 5:31am
Quoting HaLBot
{quote} Has anyone here given any thought to how trading the Pound will be affected once Brexit is a done deal???? The idea is on my mind, but at the moment can't really envisage how trading will be like after Britain leaves the euro zone????
For now no deal Brexit is the most probable outcome and it is bad for the pound. It depends what will happen. Who knows!

If May deal passes this will push the pound long term and change the trend IMHO

Same if they call a second referendum as in my opinion they will vote to remain the second time around. No all the people agree with this of course. If they vote to stay the pound will raise big time. No doubt.

I also follow Forex Live. They have a good coverage of a mix of technical, political, news and headlines, fundamentals and more.
  • #473,018
  • Dec 28, 2018 5:48am Dec 28, 2018 5:48am
Quoting FXGambler10
{quote} No offence taken. I am happy to hear alternative point of views. I am a bear at the moment as long term view. So I am with you. However I also think that Brexit will/can be a game changer so I am on the look out to see if the trend could change before it change on the chats. Also consider I am an intraday trader and even a scalper so daily I could be short, long or even both. Play the range when you spot one!
ME too long term bear for this pair, so far run together eu but after brexit shock/aftershocks may go totally different. Now-a-days also moving differently. Anyway brexit or no brexit Destination remain same more or less,
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,019
  • Dec 28, 2018 5:56am Dec 28, 2018 5:56am
Quoting FXGambler10
{quote} For now no deal Brexit is the most probable outcome and it is bad for the pound. It depends what will happen. Who knows! If May deal passes this will push the pound long term and change the trend IMHO Same if they call a second referendum as in my opinion they will vote to remain the second time around. No all the people agree with this of course. If they vote to stay the pound will raise big time. No doubt. I also follow Forex Live. They have a good coverage of a mix of technical, political, news and headlines, fundamentals and...
What I'm talking about is how what will it be like to trade pound once Britain is no longer in the Euro zone?

Also having a second referendum could lead to a very high degree of unrest, the conservatives won't do it but the left might try to get a second one up
Don't Leave Money on the Table
  • #473,020
  • Dec 28, 2018 5:57am Dec 28, 2018 5:57am
Quoting Ill-b-back
{quote} No idea, will cross that bridge when they leave
Don't Leave Money on the Table
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