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Cable Update (GBPUSD)

  • #484,721
  • Edited 12:51pm Jul 13, 2019 12:13pm | Edited 12:51pm
I`m in short 1.2538.... Holding my sell till 1.2440 and need to know your idea which target first 1.2650 or 1.2440??
  • #484,722
  • Jul 13, 2019 1:08pm Jul 13, 2019 1:08pm
Hello all, down gap possible little bit, it is my won thought. What do u think?
  • #484,723
  • Jul 13, 2019 1:51pm Jul 13, 2019 1:51pm
In Usdx, rejection the weekly pullback at daily/weekly/monthly registance having weekly bull candle to try further bull tries but may not enough to do any great! Next correction down below 96.33 may actually boost bear towards 96.12. Probable bull tries may be below that 96.12. So usdx may continue bear without much correction even though around a double bottom 96.44 sr. And others bull next week with ease. Take care, fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #484,724
  • Jul 13, 2019 2:10pm Jul 13, 2019 2:10pm
Hi, Niel whats the number that you change your mind?

Quoting Neil0163
{quote} Yup my thoughts exactly but this upmove for me is the pullback
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,725
  • Jul 13, 2019 3:02pm Jul 13, 2019 3:02pm
I have no idea where the market is going. I'm not smart enough for that.

I am dumb enough, however, to take Long Price Action signals (What I want to see) in Demand Zones (Where I want to see it).......

Attached Image (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #484,726
  • Jul 13, 2019 3:28pm Jul 13, 2019 3:28pm
Quoting Bones
Hi, Niel whats the number that you change your mind? {quote}
Hey buddy a break of high 1.278 and I'd be looking for a weak bear pull back to a fib before longing, I trade the daily time frame with entry on the 4 hour I have got this to potentially pull back to structure level at 1.265 which is also the 61.8 fib ratio.
  • #484,727
  • Jul 13, 2019 4:26pm Jul 13, 2019 4:26pm
Quoting Neil0163
{quote} Hey buddy a break of high 1.278 and I'd be looking for a weak bear pull back to a fib before longing, I trade the daily time frame with entry on the 4 hour I have got this to potentially pull back to structure level at 1.265 which is also the 61.8 fib ratio.
Same as my post . We just play what we see
  • #484,728
  • Edited 7:29pm Jul 13, 2019 5:21pm | Edited 7:29pm
Quoting xristos2512
{quote} my friend no offence I think you made mistake at elliot waves,wave (v) is bigger than (iii)?Its against basic rules please explain,I like your analisys {image}
xristos, please check this out...

Elliott wave rules:

Rule 1: Wave 2 can never retrace more than 100% of wave 1.
Rule 2: Wave 4 may never end in the price territory of wave 1 (I use closing prices on a daily chart, allow penetration on intraday charts)
Rule 3: Out of the three impulse waves-1,3 and 5 - wave 3 can never be the shortest.

And guidelines.
http://www.tradingfives.com/articles...wave-guide.htm
http://forex-indicators.net/cycle-in...tt-waves/rules
Good luck with your trading.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #484,729
  • Jul 14, 2019 12:43am Jul 14, 2019 12:43am
Quoting Khaledn
I`m in short 1.2538.... Holding my sell till 1.2440 and need to know your idea which target first 1.2650 or 1.2440??
I will advise you close your sell once price touches your entry level at 1.2538. The price will move up to 1.2660 this week and eventually 1.2770 this month. Stay green!
Data + Stat + Risk/Emotions Management
  • #484,730
  • Jul 14, 2019 12:50am Jul 14, 2019 12:50am
Price couldn't touch 1.2650 last week due to low weekly range but I do fancy 1.2650 this week and a possible weekly range of 180 - 220pips. Possible weekly movement of 1.2525 - 1.2700
Data + Stat + Risk/Emotions Management
  • #484,731
  • Jul 14, 2019 1:23am Jul 14, 2019 1:23am
Quoting Ill-b-back
{quote} Tell me what you don't understand and I'll see if I can clarify. I see USD support area below on the weekly. {image}
With monthly support a little lower
Attached Image
Come with me if you want to live....
  • #484,732
  • Jul 14, 2019 5:28am Jul 14, 2019 5:28am
We may have a clean run to 1.27346 area folks ????

Time will tell
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  • #484,733
  • Jul 14, 2019 7:29am Jul 14, 2019 7:29am
next major support comes in at about 92.5
it's not trending up without doubt right now and has a monthly that took 3 other, once it breaks its confirmed
first, look to open to change then the candle before
let's see how we close the month
Quoting Ill-b-back
{quote} With monthly support a little lower {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,734
  • Jul 14, 2019 8:11am Jul 14, 2019 8:11am
see what this produces
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weekly.png Size: 58 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,735
  • Edited 9:44am Jul 14, 2019 8:44am | Edited 9:44am
overall situation , actually I am big bear for this pair & expected wide separation from eurusd but unfortunately not happened yet . they tank / unable to bull together!
so same targets for next week 2635/59 if not 2682 as failure possible to waste more time again in bottom formation to get actually bear target next 1.2280 .
limits watch 2604/2658.
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #484,736
  • Jul 14, 2019 9:12am Jul 14, 2019 9:12am
not always a pair makes a perfect double bottom
  • #484,737
  • Edited 8:40pm Jul 14, 2019 9:13am | Edited 8:40pm
Human feel superior when pound break high in last 2 week but in another next week we see pound make lower low again

What you are see in the chart is a very subjective things in the market

The way you are maintain the right mindset and attitude is the greatest tool for trading

Nobody is right or wrong in this market,never ever think we are good or very good in this market .. because when we we think we are better than others then the market will punish us sooner or later

This is how the market works and how the game plays

It is a trap game..and the key is to find the way how not to being trap into this game

I dont care it is bull or bear ...

I just trade it and ..

I dont date it
  • #484,738
  • Jul 14, 2019 9:15am Jul 14, 2019 9:15am
Quoting Georginson
{quote} I will advise you close your sell once price touches your entry level at 1.2538. The price will move up to 1.2660 this week and eventually 1.2770 this month. Stay green!
Will put stop on 1.2610 and tp same entry.
But think gbp still and will continue down
  • #484,739
  • Jul 14, 2019 9:17am Jul 14, 2019 9:17am
see
Attached Image (click to enlarge)
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  • #484,740
  • Jul 14, 2019 9:19am Jul 14, 2019 9:19am
6 more hours to go
follow the flow of music $
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