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Cable Update (GBPUSD)

  • #495,321
  • Sep 29, 2019 6:57am Sep 29, 2019 6:57am
How do you read it,
Long wick at a bottom to the upside, it could go to open and still have bullish possibilities
This candle isn't clear


Quoting asgcorp
no 2700 any time soon. If in doubt, check out the mnt candle. It won't change much - completes on Monday.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,322
  • Sep 29, 2019 6:59am Sep 29, 2019 6:59am
it does not look bearish, as is
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-09-29 at 12.58.45.png Size: 55 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,323
  • Sep 29, 2019 7:00am Sep 29, 2019 7:00am
Quoting Bones
it does not look bearish, as is {image}
To me neither...if I had to choose a trade for 700 pips, I would go rather for 1.30 than for 1.15.
Everyone can see the chart, but only a few can actually read it.
  • #495,324
  • Sep 29, 2019 7:07am Sep 29, 2019 7:07am
This candle is warning you it's not going to break that major level, one of the reasons I feel the weekly is not as probable as it seems,
Monthly trumps the Weekly
It could go to the low I guess, but id bet it will hold if we get that close


Quoting OnlineAddict
{quote} To me neither...if I had to choose a trade for 700 pips, I would go rather for 1.30 than for 1.15.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,325
  • Sep 29, 2019 7:20am Sep 29, 2019 7:20am
Quoting Bones
This candle is warning you it's not going to break that major level, one of the reasons I feel the weekly is not as probable as it seems, Monthly trumps the Weekly It could go to the low I guess, but id bet it will hold if we get that close {quote}
If there is going to be a no-deal brexit in a month and even that doesn't break and close below the current low, I think that will be it for bears...from that moment it could go up for years.
Everyone can see the chart, but only a few can actually read it.
  • #495,326
  • Sep 29, 2019 7:24am Sep 29, 2019 7:24am
no deal breaks the bottom without a doubt,
but we all have to endure the shenanigans longer, the path isn't clear so who would try to break a super major level


Quoting OnlineAddict
{quote} If there is going to be a no-deal brexit in a month and even that doesn't break and close below the current low, I think that will be it for bears...from that moment it could go up for years.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,327
  • Sep 29, 2019 7:36am Sep 29, 2019 7:36am
Quoting Bones
no deal breaks the bottom without a doubt
Yes, but we don't know how many longs and how big are lined up below that level. Might be a quick reversal...
Everyone can see the chart, but only a few can actually read it.
  • #495,328
  • Sep 29, 2019 9:35am Sep 29, 2019 9:35am
Quoting OnlineAddict
If.. Blabla... current low, I think that will be it for bears...from that moment it could go up for years.
Yeah yeah yap yap

Been hearin your GOOOO LOOOooooong for 2 years now

When 1.45???

Oh I'll save the above quote as well

LOL.

Quoting OnlineAddict
{quote} Yes, there will be 1.45, I blablaaaa
It may take months or a year, I don't really care, I will keep buying the dips and.....few lies here by O.Add...... Good advice!
Beware of robber banks (RB), bad advisors.
  • #495,329
  • Edited 9:50am Sep 29, 2019 9:37am | Edited 9:50am
And tip of my laughing hat


Quoting OnlineAddict
quote} This is one of the simplest bullish patterns forming between 1.2975-3040. Easy target of 3140-3180.
This year he added longs

Ohhhhhh noooooo

Note that my continued joke and laugh at Onlinus is just a LONG TERM TREND.
Anyone can squeeze 30-70-150 pips long by trading in appropriate time.
I just recommend caution.

Good luck to all!!
Same for shorts. Damn crooks everywhere
Beware of robber banks (RB), bad advisors.
  • #495,330
  • Sep 29, 2019 9:39am Sep 29, 2019 9:39am
.....

And the moment you've all been waiting for.

...



...



New Onlinus poster



It's number 14, and below is 11th too.


su*k = sunk

He sunk his entire allowance of $5 a month
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Online Add.11.jpg Size: 382 KB
Beware of robber banks (RB), bad advisors.
  • #495,331
  • Sep 29, 2019 10:12am Sep 29, 2019 10:12am
there are some hopes out of worst scenarios likely in gbpjpy and gbpchf only as some limit still hold like (132.157 optional )/130.683 and 1.20889 respectively , so still pressure down to those limit levels test . while gbpusd is much different from gj or gchf as the last leg start as from fresh low and the seems already ended to correct the whole leg from 1.1957 to 1.2585 enough to go , all limits already broken and waiting if get better support below 2232 to up next leg in a bear set up. overall gbp busket pressure remain strong down to probable limits hypothetical gj & gchf and apparently breaks them to down further continue.

lets see if strong signal ( breaks ) from gj at 132.157 comes up at the first market open ,take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 35 KB
Click to Enlarge Name: GBPCHFDaily.png Size: 34 KB
Click to Enlarge Name: GBPJPYH4.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,332
  • Sep 29, 2019 11:11am Sep 29, 2019 11:11am
ok another idea if weekly continues would be to go to low because it never quite hit the tl,
and that bothered me
Having said that its always bothered me it never hit the main falling tl...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD-Quarterly 2 .png Size: 39 KB
Click to Enlarge Name: GBPUSD-Quarterly.png Size: 30 KB
Click to Enlarge Name: GBPUSD-Daily.png Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,333
  • Sep 29, 2019 11:16am Sep 29, 2019 11:16am
ok how about that. We do something different. Here's USDGBP (ICE), not quite an inverted GBPUSD, but really close.
Now what do you see guys? Bullish/Bearish setup?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #495,334
  • Sep 29, 2019 11:17am Sep 29, 2019 11:17am
and the bottom part zoomed in. should be a decent hint.
Attached Image (click to enlarge)
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  • #495,335
  • Sep 29, 2019 11:19am Sep 29, 2019 11:19am
Quoting msniper
{quote} I agree I am going long Monday or Tuesday with target between 1.26 to 1.27 I think cable is not yet ready to drop god knows what kind of news will appear to make this last push to 1.26 or 1.27
1.21 before
MY OPINION NOT FINANCIAL ADVISE
  • #495,336
  • Sep 29, 2019 12:15pm Sep 29, 2019 12:15pm
Quoting Bones
ok another idea if weekly continues would be to go to low because it never quite hit the tl, and that bothered me Having said that its always bothered me it never hit the main falling tl... {image} {image} {image}
yeah TL matter a lot, close up up down not as exact as d top or bottom , mean to me back again though not always ! so checking naked daily/weekly , channels & tl , waiting the down tl play mostly , trying to retest upper in vain so far ! to go further deep down apparently!!so bear set up at bottom at its halfway.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,337
  • Edited 1:23pm Sep 29, 2019 12:28pm | Edited 1:23pm
Quoting Not-KPMG
I know it'll be messy >{quote}< Haaa I know the turtles used daily average 100-200. buy above ... Imagine applying this kind of idiotic logic now.... 100 on daily is 20 weeks or 5 months. So how's what happened in April-May relevant to today's price??? I mean decision making ????? Duhhhh. Don't get me wrong, i know stupid people use this... Maybe you know him too
Not-KPMG, depends on how deep pockets and how strong stomach for DD someone has...personally I wouldn't trade this strategy although I trade ranges (Globex, Weekly, Daily) but enter only on a retracement to 50-78.6% in direction of the trend (HH-HL; LH-LL) and I use these levels to enter day trading trades...different strokes for different folks...
Not long after other investors/traders noticed the big DD and they developed counter-trend strategies to TT method-Turtle Soup and Turtle Soup One ( you can google it or read about in Linda Raschke's book -Street Smarts). These 2 strategies are consistent with Victor Sperandeo's teaching of 2B CT method (false breakout)...speaking about GU...2 charts below, daily for heavy hitters and 15 for day traders...Good luck with your trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU09.27.Daily.EOW.png Size: 63 KB
Click to Enlarge Name: GU09.27.15M.EOD.png Size: 73 KB
Always trade your own plan...I don't provide trading signals.
  • #495,338
  • Edited 2:27pm Sep 29, 2019 2:16pm | Edited 2:27pm
Though this not our price, checking xe as price gapping up avoiding immediate most important signal in gpbjpy 132.157.not bad to down play next if remain gap up.
Same gbpusd too.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,339
  • Sep 29, 2019 3:11pm Sep 29, 2019 3:11pm
Quoting donfriday
{quote} 1.21 before
breaking 1.2100 would be stoploss for me to change from bullish to bearish

am looking to buy between 1.2150 to 1.2250
  • #495,340
  • Sep 29, 2019 3:23pm Sep 29, 2019 3:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpeur daily.png Size: 80 KB
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