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Cable Update (GBPUSD)

  • #498,541
  • Oct 16, 2019 1:39pm Oct 16, 2019 1:39pm
Quoting asgcorp
{quote} That's too bad. Painters get a decent paycheck over here. {quote}

that's not much asgcorp...
  • #498,542
  • Oct 16, 2019 1:39pm Oct 16, 2019 1:39pm
Quoting knkie
M5 chart speculating a bit here with a pending sell could be very wrong as Visitor has pointed out ... {image}

See the wide spread down bar and market moved sideways

That wide sprad down bar if seen on a higher time frame is buyers

smart money BUY. On DOWN BARS and SELL on UP bars
Blogging daily now at www.volume.zone
  • #498,543
  • Oct 16, 2019 1:42pm Oct 16, 2019 1:42pm
wow i hope i can make a profits like that too
  • #498,544
  • Oct 16, 2019 1:43pm Oct 16, 2019 1:43pm
Quoting malcolmb14
{quote} See the wide spread down bar and market moved sideways That wide sprad down bar if seen on a higher time frame is buyers smart money BUY. On DOWN BARS and SELL on UP bars
We see the buying a lot better on the 30

the 30 closed way if its lows indicating BUY interest on a down bar

the BUY stop us the Brexit 400 pip special just in case
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4143.PNG Size: 209 KB
Blogging daily now at www.volume.zone
  • #498,545
  • Oct 16, 2019 1:48pm Oct 16, 2019 1:48pm
Quoting malcolmb14
{quote} We see the buying a lot better on the 30 the 30 closed way if its lows indicating BUY interest on a down bar the BUY stop us the Brexit 400 pip special just in case {image}
yes clear...
thank you
in wondering about yourself, you forgot what you came here to be part of
  • #498,546
  • Oct 16, 2019 1:56pm Oct 16, 2019 1:56pm
Quoting Ill-b-back
Looks bullish to me. Robbies Turbo's are firing north... {image} {image} {image}
Nice move up of the retest to clear 28.
Some short term targets above
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
Come with me if you want to live....
  • #498,547
  • Oct 16, 2019 2:04pm Oct 16, 2019 2:04pm
Sitting idle so checking chart, 2hrs before short at be still survive, may be "no result out" tonight.
Anyway checking usdx again, the strong bull setup become weak one now . Still not believe it going to tank to great recession level again so soon, last time supports still intact to play at any time. So better wait and see. Till then just save the skin.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #498,548
  • Oct 16, 2019 2:05pm Oct 16, 2019 2:05pm
Quoting thevisitor
{quote} .sorry, iam trader not painter: corrective move with ending of wave "e" at RN (round number) {image}
look at timeframe H 12 and see this same drawing in 5min
  • #498,549
  • Oct 16, 2019 2:14pm Oct 16, 2019 2:14pm
Quoting Marcieny
{quote} look at timeframe H 12 and see this same drawing in 5min
  • #498,550
  • Oct 16, 2019 2:19pm Oct 16, 2019 2:19pm
Quoting thevisitor
{quote}
what do you think?
  • #498,551
  • Oct 16, 2019 2:20pm Oct 16, 2019 2:20pm
M5 chart shorts
rubber band

1 active 2 pending below
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB
in wondering about yourself, you forgot what you came here to be part of
  • #498,552
  • Edited 2:51pm Oct 16, 2019 2:23pm | Edited 2:51pm
The gbpusd got life again and again and still waiting extend the life but it playing in bear set up having increased applitude, so smooth further up also possible towards 3171 last time perhaps with the news waiting for! And no option to follow stardard pa to play, that is can not risk corret to up!
As example if allow correct below 2803 the almost must correct below 2773 to 2656 extent, again allow to below 2656 the next level goes to 2514 down to up. While breaks 2583 life will dry then! Lets see.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #498,553
  • Oct 16, 2019 2:28pm Oct 16, 2019 2:28pm
Lets see how much time is left running on the Roby-72-Hour-Bear-Market Timer !
https://itsalmo.st/72-hours-of-roby-bear-time-wsim
in wondering about yourself, you forgot what you came here to be part of
  • #498,554
  • Edited 2:49pm Oct 16, 2019 2:33pm | Edited 2:49pm
Some Cable data
https://www.forexfactory.com/trades....ions-details=1
Attached Image
Come with me if you want to live....
  • #498,555
  • Oct 16, 2019 2:41pm Oct 16, 2019 2:41pm
Brief talk of a Brexit deal boosted GBP/USD to a five-month high by 1.2855, exposing risks to shorts even though it was later denied.
With the EU summit beginning tomorrow and the current Brexit deadline of Oct. 31 quickly approaching, GBP/USD shorts have been reducing positions put on after the original March deadline was delayed.

GBP/USD spec positioning moved from +922 contracts on April 16 2019 to -107,844 contracts on Aug 8 2019, with spot moving from 1.3048 to 1.2148 over the same period.
With the recent rise from 2019 lows near 1.2000 to current levels by 1.2800, specifically the rise from 1.2210 on Oct.
10 to current levels, Friday's release of GBP spec IMM position data will be scrutinized to see the degree of spec short-covering in anticipation of a Brexit deal.
Using IMM positioning as a gauge, the most recent time positioning was near flat, April 2019, GBP/USD traded just above 1.3100 so it stands to reason cable may return to those levels should shorts continue to exit if a deal is reached.

With that in mind a Brexit deal may boost GBP/USD to May 6 highs by 1.3190, but expect offers above as the UK growth outlook remains uncertain.
  • #498,556
  • Oct 16, 2019 2:59pm Oct 16, 2019 2:59pm
Quoting Marcieny
{quote} what do you think?
i always say and will ever:
all can happen!
up or down.
if it crahes tomorrow i will be on board.
if it spikes up, great!!
i have no crystal ball and that is fine.

good night
  • #498,557
  • Oct 16, 2019 3:03pm Oct 16, 2019 3:03pm
Quoting thevisitor
bought 1.2815 Sl 1.2800
closed +15

enough for today
  • #498,558
  • Oct 16, 2019 3:12pm Oct 16, 2019 3:12pm
There is the possibility that the government could start legal proceedings to avoid asking for an extension with the intention of taking the UK out of the EU on October 31 without a deal. In this scenario GBP can be expected to plummet with EUR/GBP likely to leap towards parity and cable set to drop towards 1.10. Alternatively, the PM could argue that he has been forced to request a short extension and pressure parliament to call for an early election in which his deal would be placed centre stage.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #498,559
  • Oct 16, 2019 3:34pm Oct 16, 2019 3:34pm
Quoting malcolmb14
{quote} You know the Brexit negotiations re being pushed to complete tonight ahead of the eu summit .. gbp is close to its days highs and gold is being manipulated up to 1490 for a good sell position for traders when the gold Brexit news comes out gbp will blow right through your stop why give away 100 these are not normal times in the next three day
you think gbp comes 1.3000 tonight? or 3 days later?
  • #498,560
  • Oct 16, 2019 3:37pm Oct 16, 2019 3:37pm
Quoting b_hand
{quote} Agree I see wolf waves on H1 {image}
What is tp?
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