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Cable Update (GBPUSD)

  • #489,041
  • Aug 10, 2019 10:55am Aug 10, 2019 10:55am
Quoting htcone
{quote} This is Icmarket
thanks , cool chart and Fib projections

just wanted to add this : different brokers will show different prices especially on Flash Crash days

that October 2016 Cable Flash Crash in particular , ranges from 1.1904 to 1.1400 and even lower on some other borkers

your chart and your Fib projections are good , just be aware that on other Platforms the low that day was about 1.1900 , so different tests should be made with different prices
  • #489,042
  • Aug 10, 2019 11:01am Aug 10, 2019 11:01am
Quoting Marcieny
{quote} It's people like you that I tried not to go back to FF ... Until never again.
All im saying is, respect other members. Know your boundaries. Know the purpose of this thread. Know the purpose of being here.
Only an idiot knows with certainty to where the market is going.
  • #489,043
  • Aug 10, 2019 11:32am Aug 10, 2019 11:32am
Quoting MXT
{quote} thanks , cool chart and Fib projections just wanted to add this : different brokers will show different prices especially on Flash Crash days that October 2016 Cable Flash Crash in particular , ranges from 1.1904 to 1.1400 and even lower on some other borkers your chart and your Fib projections are good , just be aware that on other Platforms the low that day was about 1.1900 , so different tests should be made with different prices
thank you MXT. icmarket uses Newyork close.

please check usdjpy flash crash candle. It is amazing how market makers play with one candle
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sell strength in falling markets, and buy weakness in rising markets.
  • #489,044
  • Edited 11:57am Aug 10, 2019 11:45am | Edited 11:57am
Quoting htcone
{quote} thank you MXT. icmarket uses Newyork close. please check usdjpy flash crash candle. It is amazing how market makers play with one candle {image}
thanks , yep market makers prices should be double - checked on flash crash days and on extreme volatility

from what i've seen the UJ flash crash of Jan 2019 ranges from about 104.50 to 104.80 , somewhat more acceptable
  • #489,045
  • Edited 12:44pm Aug 10, 2019 12:25pm | Edited 12:44pm
Quoting MrBullBear
{quote} All im saying is, respect other members. Know your boundaries. Know the purpose of this thread. Know the purpose of being here.
I understand why so many times some male traders have problems with me ... if i gave you some insight feel grateful..maybe I should have listened to a friend and not pronounced myself as a woman ... FF is a place to exchange ideas because improving your skills will depend on you ok? but get a grip !!!
Forex is not for lazy people, much less for those who want everything at hand ..
  • #489,046
  • Aug 10, 2019 2:42pm Aug 10, 2019 2:42pm
Price action weekend case study

So first you can see we have a large head and shoulders forming, the trendline breaks and the retest to form the right shoulder note how this retest is also a 61.8 fib ratio.

Moving down we then have the drop from the “right shoulder” we then get a pull back to a 38.2 retracement price action forms a double top, we then have another drop from there.

Price cant keep dropping and dropping with out some form of correction people where trying to call bottoms around this day but if you noticed price was trapping people during consolidation whilst forming a triangle. Once you see this price action happening it’s usually best to stay out the market or take the risk to short from the top of the triangle. I would not take any longs because we always expect the triangle to break in the direction of the trend (in which case it did drop lower)

we then came into our next triangle again people were trying to call bottoms and go long, I did the opposite took the short from the top of the triangle and waited for the drop (I think I called this one out) now granted the triangle could have broke up but that would have been fine I’d have waited to see what price was intending to do.

price action is key
study price action and all will become clear.
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  • #489,047
  • Aug 10, 2019 5:30pm Aug 10, 2019 5:30pm
Quoting Neil0163
Price action weekend case study So first you can see we have a large head and shoulders forming, the trendline breaks and the retest to form the right shoulder note how this retest is also a 61.8 fib ratio. Moving down we then have the drop from the “right shoulder” we then get a pull back to a 38.2 retracement price action forms a double top, we then have another drop from there. Price cant keep dropping and dropping with out some form of correction people where trying to call bottoms around this day but if you noticed price was trapping people...
Thanks Neil, clear and logical.
A target below
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Come with me if you want to live....
  • #489,048
  • Aug 10, 2019 5:40pm Aug 10, 2019 5:40pm
here is my GA trade idea
Inserted Video


Please check it out, and leave a comment.

Cheers,
MO
  • #489,049
  • Aug 10, 2019 7:20pm Aug 10, 2019 7:20pm
just looked over GBPJPY possible move next week here
Inserted Video


check it out and feedback please.

Thanks
MO
  • #489,050
  • Aug 10, 2019 11:06pm Aug 10, 2019 11:06pm
possible scenario for GU on Monday.

Retrace close to 2050 then drop to daily S1. May be around 1980. These things will happen until NY session opens.

NY session sure ( can I say sure in FX ? ) retrace back above 2090.

Retrace could continue until tuesday. However bumpy road ahead.

So, those who short also ( at right place ) will not be disappointed,
Intraday only.
  • #489,051
  • Aug 11, 2019 12:18am Aug 11, 2019 12:18am
Quoting navk
possible scenario for GU on Monday. Retrace close to 2050 then drop to daily S1. May be around 1980. These things will happen until NY session opens. NY session sure ( can I say sure in FX ? ) retrace back above 2090. Retrace could continue until tuesday. However bumpy road ahead. So, those who short also ( at right place ) will not be disappointed,
Resistance around 1.20780.
  • #489,052
  • Aug 11, 2019 2:52am Aug 11, 2019 2:52am
Quoting asgcorp
GU weekly (with a proper Oct 16 low near 1.1650). Becomes increasingly more likely. Momentum is too heavy, so I don't even see Oct 16 lows holding for long. Maybe a minor bounce (150-250 points). 1.1650/1.1700 incoming, AMR got 300+ points left on downside. {image}
wow your analysis is corresponding with flashcrash daily candle 114.50
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sell strength in falling markets, and buy weakness in rising markets.
  • #489,053
  • Edited 6:17am Aug 11, 2019 3:48am | Edited 6:17am
Quoting ganam
{quote} where you will think next movement?
I believe the price will go down at the beginning, maybe with a gap . Then will be a retracement, i prefer it will go to the yellow zone , but i will settle with the 50 % correction of the last move down, i will sell a break of last hourly low's break with a tide sl .
A scenario I don't believe that will happen is a straight drop to support zone that marked will blue lines
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Exemple for the trade taking
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yes yes yes
  • #489,054
  • Aug 11, 2019 4:02am Aug 11, 2019 4:02am
.
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  • #489,055
  • Aug 11, 2019 4:09am Aug 11, 2019 4:09am
Quoting sgmf
the big picture shows 1.2 and I don't expect it will hold for long, may go for 0.9 (hard to believe now, no deal exit?), above 1.4 can change this view,
still valid, we have time so correction 200-300pips possible
  • #489,056
  • Aug 11, 2019 10:44am Aug 11, 2019 10:44am
here is my view on GBPUSD
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  • #489,057
  • Aug 11, 2019 3:11pm Aug 11, 2019 3:11pm
the crooks don't want to wait to the asian market open , and made the pull back in the pre market trading , or maybe it just crook's play ?
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yes yes yes
  • #489,058
  • Aug 11, 2019 3:30pm Aug 11, 2019 3:30pm
mini gap up at open. no big deal.
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  • #489,059
  • Aug 11, 2019 3:55pm Aug 11, 2019 3:55pm
Any reason for higher open ?
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #489,060
  • Aug 11, 2019 4:01pm Aug 11, 2019 4:01pm
Quoting sgkrishn
Any reason for higher open ?
someone wants our money
Come with me if you want to live....
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