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Cable Update (GBPUSD)

  • #473,461
  • Jan 9, 2019 11:43pm Jan 9, 2019 11:43pm
target at this moment around 2860 before nice retrace
POSTMASTER
  • #473,462
  • Jan 10, 2019 12:17am Jan 10, 2019 12:17am
Quoting MrAashir
Gu doesnt want to go up but Eur is dragging it up like a bad friend.

This article here says what your talking about....

https://www.forexlive.com/technical-...-next-20190110

With the big drop in US equities Q4 last year and dovish comments by the Fed it suddenly created dollar weakness so traders need to make mental adjustments to the current situation
Took me sometime to realize what that actually meant, meanwhile Euro & Pound were being bought like crazy.
Market sentiment plays a big part of trading and shouldn't be ignored....
With a weaker dollar Gold surged and historically Gold also rises first two months of the year, so need to factor this into the equation
Don't Leave Money on the Table
  • #473,463
  • Jan 10, 2019 12:31am Jan 10, 2019 12:31am
Quoting HaLBot
{quote} This article here says what your talking about.... https://www.forexlive.com/technical-...-next-20190110 With the big drop in US equities Q4 last year and dovish comments by the Fed it suddenly created dollar weakness so traders need to make mental adjustments to the current situation Took me sometime to realize what that actually meant, meanwhile Euro & Pound were being bought like crazy. Market sentiment plays a big part of trading and shouldn't be ignored.......
Any financial product will normally determine yearly trend during 1st week
POSTMASTER
  • #473,464
  • Jan 10, 2019 12:34am Jan 10, 2019 12:34am
Quoting Ill-b-back
{quote} I really can't, with a 7yr, 4yr and 7month old, (all girls), I need all my mental energy Plus go to gym most mornings.
Yeah you got your hands full there....
Don't Leave Money on the Table
  • #473,465
  • Jan 10, 2019 12:39am Jan 10, 2019 12:39am
Quoting TheJoker
{quote} Last night, I stayed awake hoping Trump would cause a major impact on the GU....but not a single damn currency cared what happend and I had to wake up 2hours after that again! :/
Ahhhhhhh yes the pain of sleep deprevation.....as traders we all cop that LOL
Don't Leave Money on the Table
  • #473,466
  • Jan 10, 2019 5:40am Jan 10, 2019 5:40am
Happy trading fellas. U guys think this gonna go below 27000s? No news, EUR/GBP is almost at weekly resistance.. seems suspicious
  • #473,467
  • Jan 10, 2019 5:55am Jan 10, 2019 5:55am
Quoting kazachokings
Happy trading fellas. U guys think this gonna go below 27000s? No news, EUR/GBP is almost at weekly resistance.. seems suspicious
Could easily go to 1.2700 with all the brexit dramas going in parliment today....but wouldn't bet the farm on it, due diligence required!!
Don't Leave Money on the Table
  • #473,468
  • Jan 10, 2019 5:57am Jan 10, 2019 5:57am
Quoting fontu
Price apparently control the grip 1.2770 to win 2814/38 for targets 2926/3017/74.anway bear is still not over for this pair even breaks 2814/38 handles as just channel effect and tank further. Very risky pa as ranges increased . Take care.
Looking 2718/07 tp to try long here for first time. Anyway it may further tank to previous levels down to bull again, optimum level 2655.lets see.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,469
  • Jan 10, 2019 6:01am Jan 10, 2019 6:01am
Quoting HaLBot
{quote} Could easily go to 1.2700 with all the brexit dramas going in parliment today....but wouldn't bet the farm on it, due diligence required!!
Any Vote today? I knew next week .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,470
  • Jan 10, 2019 6:04am Jan 10, 2019 6:04am
Quoting fontu
{quote} Any Vote today? I knew next week .
No vote but the communist causing instability, are once again trying to force Britain to remain in the EU
Don't Leave Money on the Table
  • #473,471
  • Jan 10, 2019 6:13am Jan 10, 2019 6:13am
Quoting HaLBot
{quote} No vote but the communist causing instability, are once again trying to force Britain to remain in the EU
OK , lots drama actually but in realility nothing can greatly change the course in forex, just noise and trouble in fair play. After this big event other dramas like new referendam and general elections may come up with minimal effects till March. Technical is better than all noise perhaps! Fate may be predetermined just changes one leg little more to pull another Leg less down!! Take care.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,472
  • Jan 10, 2019 6:15am Jan 10, 2019 6:15am
This guy sums up Australian economy and how things are done in this country perfectly.....the underlining theme is we don't innovate and that pretty much sums it up
Pollies here are gambling with the future of our country meanwhile the Chinese( who know how bad things here are) are gradually tightening the screws....

Inserted Video
Don't Leave Money on the Table
  • #473,473
  • Jan 10, 2019 6:15am Jan 10, 2019 6:15am
Quoting fontu
{quote} OK , lots drama actually but in realility nothing can greatly change the course in forex, just noise and trouble in fair play. After this big event other dramas like new referendam and general elections may come up with minimal effects till March. Technical is better than all noise perhaps! Fate may be predetermined just changes one leg little more to pull another Leg less down!! Take care.

Don't Leave Money on the Table
  • #473,474
  • Jan 10, 2019 7:53am Jan 10, 2019 7:53am
Damn, it recoverd the whole 4 hourd candle such a shame, no 27000s
  • #473,475
  • Jan 10, 2019 8:35am Jan 10, 2019 8:35am
there only one right one

Quoting Ill-b-back
{quote} Thing is, trendlines can become a moving masterpiece. Was it potentially the blue first? (nope) Red next perhaps? (uh uh) Will it be the black? (always bet on black??) https://youtu.be/awcx-gTQDLM {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,476
  • Jan 10, 2019 8:39am Jan 10, 2019 8:39am
Which is it? We draw differently but price action has to validate a trendline first.

KP

Quoting Bones
there only one right one {quote}
Do your homework, follow the footprints of smart money
  • #473,477
  • Jan 10, 2019 8:45am Jan 10, 2019 8:45am
if you don't obey the known rules with something as simple as a line its true the options are limitless,
this volatility consolidation is about the actual line


Quoting KeenPips
Which is it? We draw differently but price action has to validate a trendline first. KP {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: tendli ne .png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,478
  • Jan 10, 2019 8:53am Jan 10, 2019 8:53am
Attached Image (click to enlarge)
Click to Enlarge Name: screen2b.jpg Size: 534 KB

I'm looking at a possible sell from these areas, "Marked above".
  • #473,479
  • Jan 10, 2019 8:57am Jan 10, 2019 8:57am
Nothing personal mate. Just musing and sharing my viewpoint.

Trade safe.

KP

Quoting Bones
if you don't obey the known rules with something as simple as a line its true the options are limitless, this volatility consolidation is about the actual line {quote} {image}
Do your homework, follow the footprints of smart money
  • #473,480
  • Jan 10, 2019 8:57am Jan 10, 2019 8:57am
Attached Image (click to enlarge)
Click to Enlarge Name: screen2a.jpg Size: 514 KB

Sorry, I was referring to these sells.
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