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Cable Update (GBPUSD)

  • #498,561
  • Oct 16, 2019 3:47pm Oct 16, 2019 3:47pm
At the end of day its under 1.2838 what to do next selling on top to 1.16 my idea didnt change
  • #498,562
  • Oct 16, 2019 4:24pm Oct 16, 2019 4:24pm
Do we still do pincers ???
  • #498,563
  • Oct 16, 2019 4:38pm Oct 16, 2019 4:38pm
The Conservative party
the Labour Party
the Lib Dem party
and THE SCUTTLE PARTY
  • #498,564
  • Oct 16, 2019 4:43pm Oct 16, 2019 4:43pm
2790 is the pullback number depending on what the news comes out it could drop My number 2150
  • #498,565
  • Oct 16, 2019 4:44pm Oct 16, 2019 4:44pm
the FX Traders party should definitely have the majority in Parliament
  • #498,566
  • Oct 16, 2019 4:47pm Oct 16, 2019 4:47pm
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well there you go
  • #498,567
  • Oct 16, 2019 5:49pm Oct 16, 2019 5:49pm
Quoting FxTPs
{quote} What is tp?
2650 green line
  • #498,568
  • Oct 16, 2019 6:00pm Oct 16, 2019 6:00pm
GU
shorted 2860 stop 3000 tp 254x....a little risk ,,, but at the beginning of the trades all have 100% to fail .... but also all have 100% to win
sorry for the delay but can't post the chart first


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  • #498,569
  • Edited 6:46pm Oct 16, 2019 6:06pm | Edited 6:46pm
Quoting Dingoman-two
{quote} Three scenarios https://www.fxstreet.com/analysis/br...s-201910071423 Me thinks, If It's going to happen It could be around these announcements my friend. If so then, the Frank may see a push to the down side {image} EDIT Also If it can breakthrough the 128001 area, then the next resistance point could be around...

As indicated above the price action reached 1.20800 area and has closed above, I now see a pullback, possibly as low as the 38.2 fid point being the 1.25019 area, before heading to the next level at the 1.3205 area

EDIT The fib area could be a big ask, because of the bullishness in play for now, We may even see swings for a while/accumulating.
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  • #498,570
  • Edited 8:08pm Oct 16, 2019 7:54pm | Edited 8:08pm
Our model is predicting very good odds of a move to 1.36+ by sometime before end of Mar 2020.


We don't post our predictions often, but when we do they have been on the money and can make you $ -

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To see the complete trade history and analysis - go to myfxbook - members/user954/fx-desk-pro/1495918

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https://www.myfxbook.com/en/members/...sk-pro/1495918
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  • #498,571
  • Oct 16, 2019 10:03pm Oct 16, 2019 10:03pm
Quoting user954
Our model is predicting very good odds of a move to 1.36+ by sometime before end of Mar 2020. We don't post our predictions often, but when we do they have been on the money and can make you $ - One can follow live trades in FxDeskPro trade explorer here on myFXBook Recently closed trades (in screenshot below) (all trades including these are/were posted in real time and because of the nature of the trading strategy are easily followable ) ------------------------------------------------------------------------------ A note about Fx Desk Pro trade...

looking at the precentage number, i can clearly say that i'm greedy, as an ultra micro trader. lesson learned. thanks.
  • #498,572
  • Oct 16, 2019 10:26pm Oct 16, 2019 10:26pm
Quoting FxTPs
{quote} you think gbp comes 1.3000 tonight? or 3 days later?
Its close and could get there today

I am still favouring but dips as the 4 hour is still in a strong up trend . I do not understand traders that are trying to sell when that 4 hour trend is so strong . But each to their own I guess .

If thwre is good news out of eu meetings next two days then gbpusd could fly up 300 to 500 easily .

Bad news 700 down

keep the stops tight and move them to break even as quickly as you can
Blogging daily now at www.volume.zone
  • #498,573
  • Edited 10:42pm Oct 16, 2019 10:32pm | Edited 10:42pm
Quoting akhmadixmail
{quote} looking at the precentage number, i can clearly say that i'm greedy, as an ultra micro trader. lesson learned. thanks.

Mate do not believe all you see ....why all of a sudden a random post from someone showing millions in profit. If they were a big hedge fund they would not be posting in here would they ? There is actually a way in mt4 I can show my growth chart from $50 to $10 million in 4 months without doing a single trade ... there is a hack

i already did a video last week on the weekend of the spring and why the recent lows of gbpusd maybe multi year lows .... and that probability is high we will be at 1.4xx pretty soon . 1.36 is just 600 pips away and could happen by weeks end as gbp is currently moving 250 a day ( another reason I do not understand why traders are trying to sell it ) if good deal is struck so an easy statement to make is 1.3600 by March 2020 with nothing backing it up .

people talk about models and quantum bullshit 😂😂😂 to make it sound like they are guru .all we need to know is right on the charts . Price action is key . The past can predict the future . Yesterday I spoke about higher prices in gbp lateri n the day with certainty and I traded that . Traps are set and testing is done at all times ... when you forget fans and ew, RSI divergences and macd and all that other stuff that confuses your mind and go with naked charts you actually will understand the markets better . It took me many years to filter through all the stuff that loses you money 😂


. do you know most hedge fund traders only have 8 winning months a year but losses are 3 percent and gains 8 percent . They are mediocre traders .
Blogging daily now at www.volume.zone
  • #498,574
  • Oct 16, 2019 10:35pm Oct 16, 2019 10:35pm
Quoting malcolmb14
{quote} Its close and could get there today I am still favouring but dips as the 4 hour is still in a strong up trend . I do not understand traders that are trying to sell when that 4 hour trend is so strong . But each to their own I guess . If thwre is good news out of eu meetings next two days then gbpusd could fly up 300 to 500 easily . Bad news 700 down keep the stops tight and move them to break even as quickly as you can
if bad news then Roby's prediction will come true. and even lower than 1.19xxx..
  • #498,575
  • Oct 16, 2019 10:50pm Oct 16, 2019 10:50pm
Quoting hans91
{quote} if bad news then Roby's prediction will come true. and even lower than 1.19xxx..
Of course .

But if bad news we will see it on the charts before it happens . News and deals are known by smart money prior to release on main stream media . Take china trade deal as a prime example .. trump no no no I will never accept an interim deal .. yet dow screaming up 1000 points in three days and then hey presto deal is done 😂 Coincidence ? Mmmm . I have seen it many many times where news is used to manipulate price . I actually trade using volume spread analysis and if you know what to look for you can see professional money accumulating or distributing .

You well see supply hittting the up bars and something like pin bars ( in vsa we call them upthrust )

one way of trying to capture big moves is to have buy and sell stops outwide of the current days range limits ... if there is bad new and we drop 600 in seconds your sell stop will capture it
Blogging daily now at www.volume.zone
  • #498,576
  • Oct 16, 2019 10:56pm Oct 16, 2019 10:56pm
Quoting malcolmb14
{quote} Of course . But if bad news we will see it on the charts before it happens . News and deals are known by smart money prior to release on main stream media . Take china trade deal as a prime example .. trump no no no I will never accept an interim deal .. yet dow screaming up 1000 points in three days and then hey presto deal is done 😂 Coincidence ? Mmmm . I have seen it many many times where news is used to manipulate price . I actually trade using volume spread analysis and if you know what to look for you can see professional money...
following on from this ...

the bar marked at 2 was a true breakout bar .. super high volume . It has to be high volume to absorb the sellers at resistance .

the bar marked at 1 is the test ... always happens on true breakouts ... the smart money are testing for sell interest with small positions . Then we get much higher prices after that

the fact that this is classic text book break out is very bullish . Yesterday we saw the daily bar closing off its highs so that could indicate potential weakness ... I would like to see DOWN BARS on daily and see price reaction .( low volume test bars closing off lows ) to confirm that the up move will continue
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Blogging daily now at www.volume.zone
  • #498,577
  • Oct 16, 2019 11:09pm Oct 16, 2019 11:09pm
A pictures is worth a thousand words ...

strong up trends until its not ...

traders ars scared to miss the big down move if it comes .... that's why they keep trying to sell this trend with 100 , 150 and even 200 pip stops .... the market ALWAYS moves in waves and IF. A drop happens traders will always get a chance to enter and still make 500 pips

if you scared you will miss any down moves place sell stop 1.2480 and you will still get 500 pips if 1.2 prediction is true . It takes ALOT of skill and pateince to see tops and bottoms of markets and not by using indicators ... it's by using simple price action and right now price action is strong up , test , strong up , test ... text book trend
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Blogging daily now at www.volume.zone
  • #498,578
  • Edited Oct 17, 2019 12:38am Oct 16, 2019 11:13pm | Edited Oct 17, 2019 12:38am
Quoting fontu
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. {image} {image}
So with brexit drama news in tendem price still afloat but if delay today/few more hours it may not hold up for longer time. So it may stagger within last leg up , that is 2773 and 2656.lets see.
If tank below 2656 then may go below level from where this crazy extension started 2406!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #498,579
  • Oct 16, 2019 11:19pm Oct 16, 2019 11:19pm
Quoting malcolmb14
{quote} following on from this ... the bar marked at 2 was a true breakout bar .. super high volume . It has to be high volume to absorb the sellers at resistance . the bar marked at 1 is the test ... always happens on true breakouts ... the smart money are testing for sell interest with small positions . Then we get much higher prices after that the fact that this is classic text book break out is very bullish . Yesterday we saw the daily bar closing off its highs so that could indicate potential weakness ... I would like to see DOWN BARS on daily...
well, so if let say bad news happen with no deal brexit, is still possible if we're going to see 1.20 again while PA is very bullish right now?
so far i do think that at monthly TF, double bottom pattern could push the price up to 1.3 as minimum target, but with uncertainty of brexit, it could mess up anything.
  • #498,580
  • Oct 16, 2019 11:23pm Oct 16, 2019 11:23pm
Quoting hans91
{quote} well, so if let say bad news happen with no deal brexit, is still possible if we're going to see 1.20 again while PA is very bullish right now? so far i do think that at monthly TF, double bottom pattern could push the price up to 1.3 as minimum target, but with uncertainty of brexit, it could mess up anything.
sorry @malcomb14, please ignore this, as you have posted the previous.late to read.

But thanks heaps for the explanation, i know you must be a very great trader with uncommon analysis.
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