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Cable Update (GBPUSD)

  • #499,401
  • Oct 18, 2019 6:11pm Oct 18, 2019 6:11pm
EG
I don't know what they are going to do, but this pair still wants to go up.
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  • #499,402
  • Oct 18, 2019 6:45pm Oct 18, 2019 6:45pm
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the project H4 goal wolf waves.
  • #499,403
  • Edited Oct 19, 2019 4:56am Oct 18, 2019 7:14pm | Edited Oct 19, 2019 4:56am
I didn't trade yesterday on GU. The gap on Monday could be dangerous.
  • #499,404
  • Oct 18, 2019 9:50pm Oct 18, 2019 9:50pm
Quoting MXT
could be you guys get lucky , but just take a peek at where it is now UK politics is tricky , my hunch is something is moving behind the scenes , and more MPs than expected could vote in favor , but it ' s really too close to call so we ' ll see tomorrow how the voting goes , taking position is akin to bookmakers ' sport betting , but go ahead if you feel like it

At least ast some people clearly know they are gambling and have $1 k with 2 lots and are willing to lose the $1 k

others think that taking a postion on the weekend hoping to make a killing is good trading ...it's not it's terrible trading .

Whatever the news is the trend will either continue to 1.4300 or go to 1.2000 .. there will be LOADS of time and chances to get in on that move without risking any huge gaps but the traders greed will not allow them to understand that .

the biggest ever gap on gbpusd was 300 ... not that bad
Blogging daily now at www.volume.zone
  • #499,405
  • Oct 18, 2019 9:55pm Oct 18, 2019 9:55pm
Quoting Ill-b-back
{quote} Why are you trading 2 lots with a $1300 account?

Monty has two accounts gambling and his low risk account

I have seen him make $45 k In a day on his gambling account .
Blogging daily now at www.volume.zone
  • #499,406
  • Oct 18, 2019 9:57pm Oct 18, 2019 9:57pm
Quoting euroboy2208
{quote} Guys what will happen if a brexit vote which is scheduled for tomorrow is postponed..there are some talks of postponment
What I found out late Friday is chances are extremely high vote will be passed but that U.K. Will still have to send letter to eu for extension so that all paperwork can be signed up and such ..... I heard that the vote might also be postponed till Monday ... to get the request in prior to the vote .
Blogging daily now at www.volume.zone
  • #499,407
  • Oct 18, 2019 9:59pm Oct 18, 2019 9:59pm
Quoting MXT
i wish the bears good luck , but i got a weird hunch that the deal will pass with underground maneuvering and crazy ballot moves the numbers are not there , but there could be a nasty surprise

This is VERY evident in the gold charts ... goods news gold drops
Blogging daily now at www.volume.zone
  • #499,408
  • Oct 18, 2019 10:04pm Oct 18, 2019 10:04pm
Quoting Bones
its not a conspiracy at all ,all news is known but not by any underhand way its called fundamental analysis,not the kind in our very own news threads on a show string I know why you scratch your head, but how about all the tech that works on any tf, I mean you can see long into the future a lot of Fundamentals have to figured out way off into the distance The chart shows all the people that are right {quote}

Remember the time of the last election ... the weakness in the gbpusd was spotted way before the huge drop ... vsa actually shows what the smart money are doing and reality is the smart money run the world . Look at trump and xi good example . The smallest tweet sent market flying . Every time 30 min before there was a tweet liquidity dropped out of the indexes .. I mean to the extent I had to check if my internet was down
Blogging daily now at www.volume.zone
  • #499,409
  • Oct 18, 2019 10:08pm Oct 18, 2019 10:08pm
Quoting Marcieny
EG I don't know what they are going to do, but this pair still wants to go up. {image}
That looks like a classic Wyckoff distribution , what makes you think it wants to go up ?
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  • #499,410
  • Oct 18, 2019 10:30pm Oct 18, 2019 10:30pm
Quoting malcolmb14
{quote} That looks like a classic Wyckoff distribution , what makes you think it wants to go up ? {image}
I also think EG goes up its part of the reason for my GU short. EG broke fractal at 8890 stayed above for several days then came down. Closed last 3 days doji may be forming fractal. Also at 200sma weekly and 88.6 fib. Wouldn’t be surprised to see it quickly back above 8890
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ex nihilo
  • #499,411
  • Oct 18, 2019 10:41pm Oct 18, 2019 10:41pm
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  • #499,412
  • Oct 18, 2019 10:48pm Oct 18, 2019 10:48pm
Quoting Oc6oph
{quote} I also think EG goes up its part of the reason for my GU short. EG broke fractal at 8890 stayed above for several days then came down. Closed last 3 days doji may be forming fractal. Also at 200sma weekly and 88.6 fib. Wouldn’t be surprised to see it quickly back above 8890 {image} {image}
very classic distribution with weakness all over the charts

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  • #499,413
  • Edited 11:12pm Oct 18, 2019 10:58pm | Edited 11:12pm
Quoting malcolmb14
https://youtu.be/7FkUfr7zc2I
If the weekly engulfing bullish candle bar is normal, I may look for a retrace in the weekly timeframe. But the last bar looks extremely bullish. It could push to 1.35 first weekly timeframe before retracing.
  • #499,414
  • Oct 18, 2019 11:00pm Oct 18, 2019 11:00pm
Quoting malcolmb14
{quote} very classic distribution with weakness all over the charts https://youtu.be/9fMmcwzg9bg
I don’t know anything about Wyckoff just focus on fractals mostly
ex nihilo
  • #499,415
  • Oct 18, 2019 11:03pm Oct 18, 2019 11:03pm
GU broke fractal at 1.22 then took off on retest excepting retest of weekly fractal at 1.2580 area
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ex nihilo
  • #499,416
  • Oct 18, 2019 11:16pm Oct 18, 2019 11:16pm
Quoting andrern2000
{quote} If the weekly engulfing bullish candle bar is normal, I may look for a retrace in the weekly timeframe. But the last bar looks extremely bullish. It could push to 1.35 first weekly timeframe before retracing.

Agree 100 percent . I am not even interesting in selling gbpusd intraday and have been buying dips as they yield more pips faster recently
Blogging daily now at www.volume.zone
  • #499,417
  • Oct 18, 2019 11:21pm Oct 18, 2019 11:21pm
Quoting Oc6oph
{quote} I don’t know anything about Wyckoff just focus on fractals mostly

Fractual are five bar pattenrs with kind of round toos and rounded bottom ... that's what I know of them

not much different from what I trade except I add volumes and I look for long wicks on bottom on bar for up wards movement on right side of fractual and opposite for sells
Blogging daily now at www.volume.zone
  • #499,418
  • Oct 19, 2019 1:04am Oct 19, 2019 1:04am
Quoting Dingoman-two
{quote} I Agree my friend USD INDEX, What do you see folks 4 GBP/USD {image}
Boris Johnson facing crunch vote on Brexit deal.
https://youtu.be/brl2N-jPMJw
  • #499,419
  • Oct 19, 2019 1:06am Oct 19, 2019 1:06am
Quoting Dingoman-two
{quote} Boris Johnson facing crunch vote on Brexit deal. https://youtu.be/brl2N-jPMJw
Hoping it doesn’t pass held my short over weekend
ex nihilo
  • #499,420
  • Oct 19, 2019 1:26am Oct 19, 2019 1:26am
Quoting Oc6oph
{quote} Hoping it doesn’t pass held my short over weekend
The indecision of the Brexit is way to risky for me to hang onto over the weekend, so I am obversely out.

I would rather hold onto what I have, and trade with other pairs such as AUD/USD--USD/JPY--USD/CAD--NZD/USD--GBP/CAD,
Just to name a few my friend.
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