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Cable Update (GBPUSD)

  • #496,021
  • Oct 3, 2019 3:51pm Oct 3, 2019 3:51pm
Quoting MXT
{quote} big pump and dump coming
looking good so far for this play, yes sir!
  • #496,022
  • Oct 3, 2019 3:51pm Oct 3, 2019 3:51pm
entered long
Attached Image (click to enlarge)
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yes yes yes
  • #496,023
  • Oct 3, 2019 3:52pm Oct 3, 2019 3:52pm
Quoting thevisitor
{quote} ...a wick can be a witch...
it won't be easy for price to surpass today's high.
  • #496,024
  • Oct 3, 2019 4:01pm Oct 3, 2019 4:01pm
Quoting Donquixote
{quote} good advice , but problem is gu acting really weird one moment big move upward then big move downward.

i wonder , is this because brexit talk?
This post 🍻👏👏👏👏

1 year ago
Beware of robber banks (RB), bad advisors.
  • #496,025
  • Oct 3, 2019 4:01pm Oct 3, 2019 4:01pm
@Moty,

i dont know your emas or lines on your charts but what about
to wait to confirm your entry after candle close?

Sorry for my poor english

Cheers
TV
  • #496,026
  • Oct 3, 2019 4:06pm Oct 3, 2019 4:06pm
Quoting Donquixote
{qu...ause brexit talk?
Hi pal

Sorry, i can't reply in a message. FF is messing with me.

Ok. Very nice, clean question 😱👍👍👍👍

Asking about GBPUSD
Oct 1, 2019...
i read your post at Cable Update (GBPUSD)

no matter how much time i think about it,the answer wont come in my head so i just ask directly

how can you be so sure that GU will retest 1.19?

Answer .🙉🙉🙉🙉🙉🙉
Simple .
Are retail traders long ?
Yes.
Last time they were totally really shafted 😨😨😭😭😭 where we're the stops?
1.1970 area.

Where are the stops now?
1.1910 area. 👏👏👏👏

So where pound goes?

🙊🙊🙊🙊😱😨😨😨
Just a medium term forecast .

...may not happen tomorrow https://cdn-resources.faireconomy.me....png?v=1.0.0.1
Because FED, jobs... But soon 1.19
😨😨😨👏👏🍻
Beware of robber banks (RB), bad advisors.
  • #496,027
  • Oct 3, 2019 4:43pm Oct 3, 2019 4:43pm
react is wrong- predict is right
react is slow, foresee is fast
This prediction is wrong

Quoting Neil0163
1.2380-1.2400 zone tested now we have a potential star pattern (on close of this candle) I wont enter but my prediction for NFP for tomorrow will be a spike back up then a drop down. If this dosent happen then I'll stick to game plan stated in previous post however this is what I wanted to see. Gold has the exact same set up for those interested, I've not posted it on FF but was talking about it to a fellow trader on Instagram today, (no I'm not a Instagram trader who offers signals before someone says) again spiked right into the reversal zone....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #496,028
  • Oct 3, 2019 4:53pm Oct 3, 2019 4:53pm
upper wick is buyer

Quoting asgcorp
daily GBPUSD closing in super fugly mode, wick taking more than 50% of the entire candle. Not sure bulls have a case in this market anymore... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #496,029
  • Oct 3, 2019 5:03pm Oct 3, 2019 5:03pm
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ready possible entry again either way with a stop when taken then off to was next
  • #496,030
  • Oct 3, 2019 5:11pm Oct 3, 2019 5:11pm
Tell you what if it takes those 3 higher lows where weekly failed to break the bears are right...
If it dosent the weekly is weirdly bullish after a high probability fall further this week.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #496,031
  • Oct 3, 2019 6:30pm Oct 3, 2019 6:30pm
Just review the US news dissapointed us! trump need to weak dollar in the market and the FED need more to cut interest rate.
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  • #496,032
  • Oct 3, 2019 6:38pm Oct 3, 2019 6:38pm
Brexit - EU gives Boris Johnson one week to come up with an acceptable plan

So reports the UK Times on the latest from the European Union

  1. has given Boris Johnson one week to make his Brexit plan acceptable
  2. or European Union leaders will refuse to discuss it at a crucial summit this month
  3. This new ultimatum, along with fundamental EU objections to his alternative to the Irish backstop, means Mr Johnson is highly unlikely to reach a deal in time for his October 31 Brexit deadline.
  4. European ambassadors set the October 11 cut-off date last night after Michel Barnier, the EU's lead Brexit negotiator, told them that the government needed to "fundamentally amend its position" before formal negotiations could take place.
  5. "We will have to make a judgment call at the end of next week with regard to deciding if it's possible to have a deal in time"

https://www.thetimes.co.uk/edition/n...nson-tn5nc6k5d

  • #496,033
  • Oct 3, 2019 10:27pm Oct 3, 2019 10:27pm
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yes yes yes
  • #496,034
  • Oct 3, 2019 10:44pm Oct 3, 2019 10:44pm
Did not move a single pip as i left last night, that is it did not break critical limit 2323 and bounce. And may easily another spike up then.
Usdx broken limit up but still need minimum 98.63 and stay up to keep afloat. Better h5 close over 98.65 and 69 to catch 98.87.possible and as already in big bull set up. Anyway there are 3 bear candle daily and this 4th can be confirmation to the bear side , so carefull.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #496,035
  • Oct 3, 2019 10:54pm Oct 3, 2019 10:54pm
Even if GBPUSD will make another attempt to 1.24000 ,the up move is over and right now cable have 0 chances to hit 1.24500.The market is always right,we have to deal with it and to adjust our strategies accordingly.
  • #496,036
  • Oct 3, 2019 11:08pm Oct 3, 2019 11:08pm
Quoting RobyTurboSS
Even if GBPUSD will make another attempt to 1.24000 ,the up move is over and right now cable have 0 chances to hit 1.24500.The market is always right,we have to deal with it and to adjust our strategies accordingly.
Ok gbpusd also not in good shape to do any great bull but can jump/ spike at random.so fight to end before the fall.while usdx already in upperhand and bear for few weeks may not loose that bull .lets see
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #496,037
  • Oct 3, 2019 11:38pm Oct 3, 2019 11:38pm
Quoting RobyTurboSS
{quote} I was referring at interconnection on a bigger scale.... Forex is only 25% of my portfolio I wasn't talking about pairs...and GBPCAD is not the result of GBPUSD + USDCAD ,but the value of CAD vs value of GBP ,you are a bit confused because they all tied through USD For ex. GBPUSD goes UP ,USDCAD goes UP but the GBPCAD goes down , all 3 at the same time ...now where is your "perfect interconnection" ??Just watch the history on charts.And this is not "imbalance " because they can go like this for a long time.The real imbalance...
Well if you think that way, i doubt you have good understanding about the forex pairs.. gbpCAD went down when gbpusd drop from 1.24 and usdcad drop from 1.3348 so it was obvious for gbpcad to go down again so drop would be more than gbpusd alone.. because cad get strengthen against usd and gbp get weaker against usd..so double turbo for gbpcad to go down...
if usdcad drops and gbpusd stay constant gbpcad still would be going down and vice versa....why if it was just gbp vs cad
similarly, usdjpy goes up, gbpjpy would go up even gbpusd stay same and vice versa and it goes to gbpnzd, gbpaud, it is all about major pairs against usd which determine the price of crosses...
if the imbalance was present that you are taking about based on crosses, market participants would bought or sell those gaps on nano seconds to balance the market and price would not be lingering for hours or days on imbalance mood but with all the super algo in hands of market makers that is not possibility...
i am not going to argue more with you ...
sell strength in falling markets, and buy weakness in rising markets.
  • #496,038
  • Oct 4, 2019 12:26am Oct 4, 2019 12:26am
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yes yes yes
  • #496,039
  • Oct 4, 2019 12:53am Oct 4, 2019 12:53am
Quoting Han2019
{quote} I would like to ask what made you think it is a bull trap only? If I look at the chart, I see both bulls and bears were trapped, would have thought that more bears were trapped due to the larger pip differences between the previous swing lows, or am I missing something? Thanks!
Hi Han, Please don't confuse this play as long term. I'm a scalper ----- I did not trade purely because I had to go out. Please check the time stamp of this trade with a scalpers prospective. I've just checked the chart out and this played out beautifully!!! Check it out!!! But this time with the shorter timeframe at mind! I hope this helps!
Don't trade what you think. Just what you see!!!
  • #496,040
  • Oct 4, 2019 12:54am Oct 4, 2019 12:54am
Quoting DailyChart
{quote} Hi Sweety
Hi - Sugar plum!!!!
Don't trade what you think. Just what you see!!!
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