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Cable Update (GBPUSD)

  • #473,361
  • Jan 8, 2019 4:37pm Jan 8, 2019 4:37pm
ok if it goes bullish it has to break the other one this month, and that's hard so will go some distance
that's because there's already a lower wick in place that took the other one
if it looks like that end the of the month or better for bulls you're looking twin long wicks to the downside
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,362
  • Jan 8, 2019 4:38pm Jan 8, 2019 4:38pm
right now I only see red and a bearish daily
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,363
  • Jan 8, 2019 4:41pm Jan 8, 2019 4:41pm
then I conclude the daily is good for the moment
and this will at the very least hold the new range
also, gov defeated again today, the deal will never pass
the only news is something legal on the backstop
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,364
  • Jan 8, 2019 4:55pm Jan 8, 2019 4:55pm
under 690 probably for confirm
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,365
  • Jan 8, 2019 5:33pm Jan 8, 2019 5:33pm
Quoting Bones
below its tl with a bearish d1 weekly is false, monthly broke the bottom already {quote}
Yes, I see the broken monthly, but I've seen that before (highlighted).

There is also more than 1 TL in play which I highlighted.

We are also rising off monthly support.

Many variables...
Attached Image (click to enlarge)
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  • #473,366
  • Jan 8, 2019 5:37pm Jan 8, 2019 5:37pm
Quoting Bones
125 did hold only time will tell the rules apparently after the fact close above is hold no matter what not take it by a 100 or more some feeds
Personally, I think you are being harsh.
It spiked down below 25 but it certainly produced a reaction and held above on the 4hr.
What is definition of held?
It stays above 1.25 for 1 hr, 1 day, 1 week?? etc...?
Depends on TF traded I would think.
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  • #473,367
  • Jan 8, 2019 5:39pm Jan 8, 2019 5:39pm
I am out of all trades and waiting for more clarity.
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  • #473,368
  • Jan 8, 2019 5:49pm Jan 8, 2019 5:49pm
Quoting Bones
125 did hold only time will tell the rules apparently after the fact close above is hold no matter what not take it by a 100 or more some feeds
If you had made a similar claim about a certain price, then the market spiked through it by 100 pips on a flash crash, but closed above it on the 4hr/daily etc, would you claim it as "held"?
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  • #473,369
  • Jan 8, 2019 8:28pm Jan 8, 2019 8:28pm
Pelosi won't budge; Trump won't budge. Trump has the only remaining unplayed card left on the table.....only way out of this is with a state of emergency.
  • #473,370
  • Jan 8, 2019 9:07pm Jan 8, 2019 9:07pm
no, it never held
he said it will hold and go 3.4 xxx
if there were a 300 pip day on the first day of the year against me Id be reading the wrong chart like I said in the first place


you're example are not the same at all
devil in detail I could start with this is directly after the last

Quoting Ill-b-back
{quote} Personally, I think you are being harsh. It spiked down below 25 but it certainly produced a reaction and held above on the 4hr. What is definition of held? It stays above 1.25 for 1 hr, 1 day, 1 week?? etc...? Depends on TF traded I would think.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,371
  • Jan 8, 2019 9:09pm Jan 8, 2019 9:09pm
something big has to come to break the last candle after already breaking the first to the downside during this month ,end of the month we will know
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,372
  • Jan 8, 2019 9:11pm Jan 8, 2019 9:11pm
find the candle directly after
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  • #473,373
  • Jan 8, 2019 9:23pm Jan 8, 2019 9:23pm
there not lower in you're example anyway
what number held on that daily

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Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,374
  • Edited 11:43pm Jan 8, 2019 9:58pm | Edited 11:43pm
Quoting Bones
ok if it goes bullish it has to break the other one this month, and that's hard so will go some distance that's because there's already a lower wick in place that took the other one if it looks like that end the of the month or better for bulls you're looking twin long wicks to the downside {image}
Looking. 1.2693 breaks for lower targets or even bottom play and in that price may fail higher positioning before next brexit tanking and bottom play towards 1.21/18 OK continue bear. Even breaks that level and price tries to jump further around 1.2655 or low areas possible. If now price position higher may still do within previous months wick to 1.3200 without much distortion as in last leg in channel . Anyway price may position higher for next tanking to present position or previous monthly bottom even printing big wick! Hope not that 1.35/36 to 1.37+/42 play possible at this situation yet. But after bottom or little bear ok as next leg up! Anyway today will be important to how plays next, down to up. More down to more up, or up to more down to up.
Seeing bear engulfing daily candle yesterday so may see 1.28 so soon , may do what doing target lows to cover the wick 2477 or low. My best week perhaps running, only shorts.
so with 2693 to start watch 2646.
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,375
  • Jan 8, 2019 10:52pm Jan 8, 2019 10:52pm
Quoting Bones
there not lower in you're example anyway what number held on that daily {image} {image}
They are lower in both my highlighted examples.
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  • #473,376
  • Jan 8, 2019 10:58pm Jan 8, 2019 10:58pm
Quoting cat
Can't remember when I last posted on this thread, but anyway, thought I'd share what could be a major potential support level for GU at 12,500, so pretty much where we hit today. In terms of Brexit, if this support turns out to be a turning point for this pair, it means good news, though not for us Brexiteers, for good news for cable can only mean bad news in our relationship with the EU, which equates to us actually staying in, in one form or another. I have long since given up the hope of leaving the EU, there is just too much at stake for the...
Perhaps someone could show me where CAT said it Would hold and is going to 3.4 (or even 1.34??)
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  • #473,377
  • Jan 8, 2019 11:05pm Jan 8, 2019 11:05pm
Quoting cat
{quote} Posted on this thread Dec 10th. So far, this support has held really well, especially yesterday when it was broken briefly before bouncing right back. Despite one certain arrogant know it all who categorically posted that I did not know what I was talking about, couldn't read charts, and that GU was going way lower, so far, I have been proven correct. I see 2019 as being good for sterling and bad for the dollar, with an upper level of between 1.340 to 1.370
Ok found it here.
But as yet, is not proven wrong.

In any case, I remember Bones being bullish on Cable as it started its drop from 1.43 April this year.
Not meaning to embarrass, but to point out anyone can be wrong at anytime.

No need to go on and on about it....
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  • #473,378
  • Jan 9, 2019 1:16am Jan 9, 2019 1:16am
Quoting Ill-b-back
{quote} Ok found it here. But as yet, is not proven wrong. In any case, I remember Bones being bullish on Cable as it started its drop from 1.43 April this year. Not meaning to embarrass, but to point out anyone can be wrong at anytime. No need to go on and on about it....
I never went on and on, he did. I welcome different points of view, and I never put mine across in any other way that it is only my point of view, but Bones not only stated categorically that he was right, but also that I was wrong and that I did not know what I was talking about, entirely unprovoked. That is why I called him out. If there is one human trait I dislike above any other, it is arrogance, and there is plenty of it on ff.
  • #473,379
  • Jan 9, 2019 1:40am Jan 9, 2019 1:40am
Quoting Ill-b-back
{quote} Perhaps someone could show me where CAT said it Would hold and is going to 3.4 (or even 1.34??)
Cat is never foolish enough to use certainties with regard to the market, so please don't misrepresent me. This is what I said -

" thought I'd share what could be a major potential support level for GU at 12,500"

" I see 2019 as being good for sterling and bad for the dollar, with an upper level of between 1.340 to 1.370 "

With particular emphasis on ' could be ' and ' I see '.
  • #473,380
  • Jan 9, 2019 2:06am Jan 9, 2019 2:06am
Hello everyone....

Bought @ 1.2737 with TP @ 1.2777

short term resistance @ 1.2748
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