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Cable Update (GBPUSD)

  • #473,401
  • Jan 9, 2019 3:50am Jan 9, 2019 3:50am
Quoting cat
{quote} I know, and I appreciate it, but I like anything I say here to be represented properly when people quote me of refer to me, that's all, as the odd small word can make all the difference. I claimed nothing beyond a friendly little post on Dec 10th drawing people's attention for those who may be interested to what I believed could be a very important support level for GU. The 4 hour spike down took the price to 435 on my charts but significantly closed above it, and has since rallied pretty strongly. The jury though is still out as to whether...
The $ is coming down quite strongly off the daily/weekly/monthly ascending TL for sure.
https://invst.ly/9qg58
https://invst.ly/9qg5w
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  • #473,402
  • Jan 9, 2019 4:03am Jan 9, 2019 4:03am
If I'm reading it right, the wedge is broken
https://invst.ly/9qgat
https://invst.ly/9qgb8
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  • #473,403
  • Jan 9, 2019 4:09am Jan 9, 2019 4:09am
Quoting Ill-b-back
{quote} The $ is coming down quite strongly off the daily/weekly/monthly ascending TL for sure. https://invst.ly/9qg58 https://invst.ly/9qg5w
$ index is looking like it might rise off of this Daily 200ema/sma level, to levels indicated by my green arrows, but once it does, if it does, then it is looking set to fall further, to around at least the 9,430 level in my estimation.
Attached Image (click to enlarge)
Click to Enlarge Name: US Dollar Basket (DFB).png Size: 65 KB
  • #473,404
  • Jan 9, 2019 4:14am Jan 9, 2019 4:14am
Quoting cat
{quote} $ index is looking like it might rise off of this Daily 200ema/sma level, to levels indicated by my green arrows, but once it does, if it does, then it is looking set to fall further, to around at least the 9,430 level in my estimation. {image}
Wait and see I guess
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  • #473,405
  • Jan 9, 2019 4:22am Jan 9, 2019 4:22am
I am finding increasingly difficult to ignore PA around this support zone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 24 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 24 KB
Click to Enlarge Name: GBPUSDMonthly1.png Size: 24 KB
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  • #473,406
  • Jan 9, 2019 4:29am Jan 9, 2019 4:29am
This BS pair is going to 1.2670-50 anyways, just playing dirty to blow some accounts prior..hold on bears
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,407
  • Jan 9, 2019 4:33am Jan 9, 2019 4:33am
Quoting cat
{quote} I've got resistance from around 790 -800, with the support around the 30 min 200ema which held yesterday. Overall, I have very solid support now for cable, so once it can crack 800, then the next major potential R level for me is the Daily 100sma @ 12,888, but actually it's looking good for the Daily 200ema/sma combined which currently sit smack on top of 13,000. That said, there is one factor that can blow everything we are seeing and saying out of the window in a flash, and you know what that is. Looking at sterling technically on the...
MY watching level 2446 broken and so direct bull will not happen, OK give leg towards 2700,if CAn avoid breaks 2693as last try bull here to see only. Hope not success here also. Anyway I wrote before it may position the max high before next brexit news, doing already without great success so far since new year . So almost maturing to tank(this year success may Wipe out!!) before real tanking possible. Not wants to, specting high to smooth down though. Let see last but not least leg up!!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,408
  • Jan 9, 2019 4:41am Jan 9, 2019 4:41am
its not about being wrong or right, that monthly failed outright
it was piercing line, strong close
when I'm posting I often talking outlooks from Monthly and above in general
its about ok what chart you looking at, post it

The flash I posted that one held, I already explained this is not the same, the conditions are different

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....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,409
  • Jan 9, 2019 4:44am Jan 9, 2019 4:44am
Seeing 2702 as a daily support zone, with last weeks close above significant, but finding it quite hard to read with ABCD complete and a new pattern emerging
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 29 KB
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  • #473,410
  • Jan 9, 2019 4:48am Jan 9, 2019 4:48am
Quoting Bones
its not about being wrong or right, that monthly failed outright it was piercing line, strong close I'm taking outlooks from Monthly and above in general its about ok what chart you looking at, post it The flash I posted that one held, I already explained this is not the same, the conditions are different {quote}
Problem is, I find it very difficult to interpret what you say, you seem to skip words, and to be honest, your sentence structure is very jumbled and difficult to follow.
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  • #473,411
  • Jan 9, 2019 4:49am Jan 9, 2019 4:49am
All pattern fibs retested and accounted for.
Weekly close back about 23.6 on both examples
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly1.png Size: 31 KB
Click to Enlarge Name: GBPUSDWeekly2.png Size: 30 KB
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  • #473,412
  • Jan 9, 2019 4:50am Jan 9, 2019 4:50am
Quoting Bones
its not about being wrong or right, that monthly failed outright it was piercing line, strong close when I'm posting I often talking outlooks from Monthly and above in general its about ok what chart you looking at, post it The flash I posted that one held, I already explained this is not the same, the conditions are different {quote}
It would seem to me it IS about being wrong or right.
You often say people are wrong, even before the full outcome is known.

Yes I like charts too, add clarity for sure...
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  • #473,413
  • Jan 9, 2019 5:00am Jan 9, 2019 5:00am
yea cause 9 times out of ten they are wrong, mainly because what I said to Cat that kicked it off
what chart says 25 will hold?
the very next session it went lower then consolidate up you could have said it held then I guess
subsequentially I posted it's still bearish after a holiday, it then fell 100 pips below that number over 300 in a day
after that day I posted sell it at 12700 is ideal due to the wick to the south left



Quoting Ill-b-back
{quote} It would seem to me it IS about being wrong or right. You often say people are wrong, even before the full outcome is known.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,414
  • Jan 9, 2019 5:03am Jan 9, 2019 5:03am
I'm still following like anyone,I was surprised by last week , that makes me wrong it went higher than I thought
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,415
  • Jan 9, 2019 5:04am Jan 9, 2019 5:04am
Quoting Hickson
{quote} Arrogant PA ... never heard that lol ... but it is pretty indecisive on the whole, yes.
Just add some fun if! Anyway just mean price tries to do something desperately!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,416
  • Jan 9, 2019 5:04am Jan 9, 2019 5:04am
Quoting fontu
{quote} Just add some fun if! Anyway just mean price tries to do something desperately!
Yeah, it broke down, now bouncing again lol ...
Fix up, trade sharp ...
  • #473,417
  • Jan 9, 2019 5:09am Jan 9, 2019 5:09am
lol ok

Quoting Ill-b-back
{quote} Problem is, I find it very difficult to interpret what you say, you seem to skip words, and to be honest, your sentence structure is very jumbled and difficult to follow.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,418
  • Jan 9, 2019 5:11am Jan 9, 2019 5:11am
understand this
its under its tl
if you draw it right and don't make it up
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,419
  • Jan 9, 2019 5:14am Jan 9, 2019 5:14am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly1.png Size: 60 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,420
  • Jan 9, 2019 5:16am Jan 9, 2019 5:16am
Quoting Bones
understand this its under its tl if you draw it right and don't make it up
Personally, I don't subscribe to the view that trendlines cannot cut off some of the tips, so long as the candle body is respected.
I have since found quite a few references supporting this view also, even though it may not be your view.
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