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Cable Update (GBPUSD)

  • #484,321
  • Jul 11, 2019 5:24am Jul 11, 2019 5:24am
probability of outlook is 4.74%
Quoting forex_dimi
I cannot say what would happen, just arguing, but if market retraces to 1.2470, then we have bear setup (for me below 1.25-2490 changes the consensus). If market makes 1.2470 today will have made an uptrend wick of 45pips? of a candle of 77? Who would take longs after that candle?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,322
  • Jul 11, 2019 5:40am Jul 11, 2019 5:40am
Mark CARNEY
Q: Are you really saying that it there is a massive global trade war, and a disorderly Brexit at the same time, the UK banking sector would be strong enough?
“The short answer is yes,” replies governor Mark Carney. The Bank has concluded that commercial banks have enough capital to absorb a disorderly Brexit rather than amplifying it.
The scenarios in the UK’s latest bank stress tests are actually more severe than a simultaneous trade war and no-deal Brexit, Carney explains. The banks passed those tests, so they could survive a trade war and no-deal Brexit, even if they occurred at the same time.

BULLISH
sell strength in falling markets, and buy weakness in rising markets.
  • #484,323
  • Jul 11, 2019 5:40am Jul 11, 2019 5:40am
Hit my SL. 15 pips loss. But use little lot.
Bull still win. I need some retrace to entry bull train.
  • #484,324
  • Jul 11, 2019 5:40am Jul 11, 2019 5:40am
Quoting Theoak
{quote} Ok - 3 pip loss I had a level of 22 did not hit!!!!! For anyone and my knowledge... This was hitting resistance at 24. So I re-draw the fib... this time not the pin bar extensions, but the candle... and guess what the new level 24 doh Well I'm long now in at 1.2532 target 1.2553 (back to the old school) Just experiment with these fibs at moment and like I say I'm no leonardo da vinci for this reason this might not suit me. Every day a school day!!
BINGO 1.2553

There's no school like the old school!!!!
Don't trade what you think. Just what you see!!!
  • #484,325
  • Jul 11, 2019 5:44am Jul 11, 2019 5:44am
cable update
in real time

Quoting Bones
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-1-hour.png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,326
  • Jul 11, 2019 5:45am Jul 11, 2019 5:45am
Quoting Theoak
{quote} BINGO 1.2553 There's no school like the old school!!!!
Yes there is , the new school
The spike is here .
1.25666 in the making.
You can say i i am invested in long position lol .
I told you , they will pay , and big time
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-11 13.43.22_1.jpg Size: 187 KB
yes yes yes
  • #484,327
  • Jul 11, 2019 5:48am Jul 11, 2019 5:48am
probability of outlook is now 3% exactly according to my data
Quoting Bones
probability of outlook is 4.74% {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,328
  • Jul 11, 2019 5:52am Jul 11, 2019 5:52am
Quoting Theoak
{quote} BINGO 1.2553 There's no school like the old school!!!!
wow another 10 pips..... just like that... You know what... I think sometimes its best to just go with flow!!!
Don't trade what you think. Just what you see!!!
  • #484,329
  • Jul 11, 2019 5:54am Jul 11, 2019 5:54am
I drew this line 1.2560 more than a month ago and is still playing well. EMA14 is around the level and would normally bounce and go down. However now there is a bullish momentum and depending on the US inflation we might shoot off straight to test EMA26 which is at 1.2620 now. Waiting to see, here is Daily.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.png Size: 16 KB
  • #484,330
  • Jul 11, 2019 5:56am Jul 11, 2019 5:56am
Quoting Theoak
{quote} wow another 10 pips..... just like that... You know what... I think sometimes its best to just go with flow!!!
Trying these fibs again short in at 1.2554 target 1.2546.

Could get busted has all momentum is up, but let give it a go!!!and then jump on the retrace!!!
Don't trade what you think. Just what you see!!!
  • #484,331
  • Jul 11, 2019 5:56am Jul 11, 2019 5:56am
Patience bears, looks like Friday before beginning of payday....
Come with me if you want to live....
  • #484,332
  • Jul 11, 2019 6:03am Jul 11, 2019 6:03am
back it up
Quoting Ill-b-back
Patience bears, looks like Friday before beginning of payday....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,333
  • Jul 11, 2019 6:05am Jul 11, 2019 6:05am
Gbj has broken the 4 hour tl and looks to be going 136
  • #484,334
  • Jul 11, 2019 6:06am Jul 11, 2019 6:06am
Quoting Ill-b-back
68% FF TE's long on Cable https://www.forexfactory.com/trades....ions-details=1 Another shorting zone above on Cable. {image} {image} {image}
On my phone Bones, so this will have to do.
Come with me if you want to live....
  • #484,335
  • Jul 11, 2019 6:07am Jul 11, 2019 6:07am
Quoting Theoak
Not the start Australia wanted according to Michael Clark…. He always points out what the rest of us miss!!!!
The English Shane Warne is on now. He's turned one about 1/2 a inch. Some serious ropeage now.

Dingo - this is not over.. Just think what happened yesterday!!!
Don't trade what you think. Just what you see!!!
  • #484,336
  • Jul 11, 2019 6:08am Jul 11, 2019 6:08am
Quoting Ill-b-back
Patience bears, looks like Friday before beginning of payday....
Fundamentally Mark has given the clear message to market today that their banks are financially strong not only to take trade wars but the disorderly Brexit. His comment also notable that there would be market turmoil in case of disorderly Brexit but no way financially as they have strong liquidity with banks, therefore, i believe we would see a strong GBP in coming days
sell strength in falling markets, and buy weakness in rising markets.
  • #484,337
  • Jul 11, 2019 6:08am Jul 11, 2019 6:08am
Quoting Theoak
{quote} Trying these fibs again short in at 1.2554 target 1.2546. Could get busted has all momentum is up, but let give it a go!!!and then jump on the retrace!!!
Busted 13 pips
Don't trade what you think. Just what you see!!!
  • #484,338
  • Jul 11, 2019 6:08am Jul 11, 2019 6:08am
Quoting elbert3
Gbj has broken the 4 hour tl and looks to be going 136
Gu targets 2590 I hope
  • #484,339
  • Jul 11, 2019 6:09am Jul 11, 2019 6:09am
Tp 2 hit for counter trend bulls watching price action now see if we can get a test of the trend line and look for shorts providing price action paints the way, expecting some form of consolidation first but I need to see clear trend change.
Attached Image (click to enlarge)
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  • #484,340
  • Jul 11, 2019 6:09am Jul 11, 2019 6:09am
Quoting ganam
{image}
Bye bye Bear
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