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Cable Update (GBPUSD)

  • #503,721
  • Edited 7:41pm Nov 16, 2019 7:31pm | Edited 7:41pm
Quoting b_hand
US can only win with china by lowering the value of the dollar! Just share my view on USDX https://youtu.be/dVOsA4FRWLk
This is why Trumps been railing against the Fed not lowering rates.....Apparently 73% of the bank bailout money in the Obama era went to European banks
My day job is running a carpentry business and one of my clients has Chinese neighbours who import into Australia and were telling her the tariff war is really hurting businesses in China, so don't be fooled by the Communists pretending Trump's actions are having no effect....
Don't Leave Money on the Table
  • #503,722
  • Edited 8:33pm Nov 16, 2019 7:38pm | Edited 8:33pm
Quoting Ra.
{quote} Have you been following much of this as of recent? I believe Aussie’s have a stake in this too. I’m from Canada, we are seeing the same shit here too. IMO we are in another recession. https://www.google.com/amp/s/www.cnb...rgest-fta.html
What part of Canada? My sister and her husband live north of Vancover, 17 hours by car....
Ever since the communist prime minister Gough Whitlam signed the Lima Agreement Aussie Businesses have been coping it up the you know where...He visted China a full year b4 Nixon...
What these free trade deals mean is every other country benefits at our expense...This is why I support Trump, he's the first President in decades to give a shit about Americans.
Don't Leave Money on the Table
  • #503,723
  • Nov 16, 2019 7:45pm Nov 16, 2019 7:45pm
Quoting Bones
{image}
Hey Bones, this is probably a noobie question and I'll kick myself when you tell me, but what is N O ?
Don't Leave Money on the Table
  • #503,724
  • Edited 8:19pm Nov 16, 2019 8:05pm | Edited 8:19pm
Do not see any prospects for further growth. 1.24 and below in the next few weeks.
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  • #503,725
  • Nov 16, 2019 8:36pm Nov 16, 2019 8:36pm
Quoting avpcap
{quote} I think what he means is when you place a trade with a 3 pip spread, you're starting further away from your TP target than say if the spread was only 1 pip. Depends on your style of trading whether you think it's important or not but I can certainly see the benefit of it.

no pee
MY OPINION NOT FINANCIAL ADVISE
  • #503,726
  • Nov 16, 2019 8:54pm Nov 16, 2019 8:54pm
Quoting HaLBot
{quote} What part of Canada? My sister and her husband live north of Vancover, 17 hours by car.... Ever since the communist prime minister Gough Whitlam signed the Lima Agreement Aussie Businesses have been coping it up the you know where...He visted China a full year b4 Nixon... What these free trade deals mean is every other country benefits at our expense...This is why I support Trump, he's the first President in decades to give a shit about Americans.
I admire the Trump

He works hard for the US and showed the world how to do politics and what a president should do.
  • #503,727
  • Nov 16, 2019 10:57pm Nov 16, 2019 10:57pm
Quoting Marcieny
{quote} I admire the Trump He works hard for the US and showed the world how to do politics and what a president should do.
He just works hard for his personal agenda.....
Extreme gut feeling trader
  • #503,728
  • Nov 17, 2019 12:24am Nov 17, 2019 12:24am
The highest volume bar on #GBPUSD chart (1) established a range between 1.3 (resistance) and 1.28 (support) levels.

Friday finished around 1.29 - actually, in the middle of the major range. The market story becomes less predictable when price is churning just in the middle of the range. Let's sum up argument - bullish and bearish - and judge their strength/weakness.

Attached Image (click to enlarge)
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Bullish arguments:
↑ Big up-bar in 10-20/October from 1.22 to 1.3
↑ Price did not tested the 50% Fibo level at 1.26. While price is settling above 50% confidently - we have bullish indication
Now - the analysis of the more recent actions
↑ SLKB with bottom in point (1)
↑ Strong response to SLKB in form of DB with high in point (2)
↑ Price is holding above line (3) - the middle between (1) and (2)
So, we have enough arguments to interpret the last 2 days' bullish actions as the part of new bullish attempt to attack resistance line 1.3 and resume strong bullish pace started in 10-20/Oct.

Have a questions? Follow my thread

Bearish arguments:
↓ Extremely high activity at the top of the 10-20/Oct up-wave.
↓ Fast Rejecting down from round number 1.3
Absolutely clear that is a lot of supply is existing at 1.3
↓ Bearish reversal sequence on 31/Oct-1/Nov from 1.295 level
↓ Last bar is Potential SLKT (4) above 11/Nov high

Friday ended in a very intriguing point. Because the Friday Potential SLKT at 1.29 can be a start of the ending of up-wave (1-4). In this case, Monday should give us intraday_SLKT+ND+SB sequence and reverse back down in the red triangle body.
Oleg Alexandrov, market analyst. Find me in Google
  • #503,729
  • Nov 17, 2019 5:46am Nov 17, 2019 5:46am
looks like a flag or pennant , continuation
If so much further up

monthly is bullish, no means buy that zone
opposite to pattern look left we sit on

Strong break up gives the signal...




Quoting HaLBot
{quote} Hey Bones, this is probably a noobie question and I'll kick myself when you tell me, but what is N O ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #503,730
  • Nov 17, 2019 11:51am Nov 17, 2019 11:51am
Quoting Bones
looks like a flag or pennant , continuation If so much further up monthly is bullish, no means buy that zone opposite to pattern look left we sit on Strong break up gives the signal... {quote}
I think we cannot see 1.32 or above without revisiting 1.26 or 1.27 area

so I suggest that we will have reversal between 1.2930 to 1.2960 or 1.3030 to 1.3070 and go all the way back to the 1.27 area
  • #503,731
  • Nov 17, 2019 12:15pm Nov 17, 2019 12:15pm
gbpaud
I'm short .1.89670
tp. 1.87100
on this chart, the key is really the support and resistance levels.
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  • #503,732
  • Nov 17, 2019 12:28pm Nov 17, 2019 12:28pm
bullish weekly pattern after bullish monthly, just saying, i posted the pattern
Quoting tiborf71
gbpaud I'm short .1.89670 tp. 1.87100 on this chart, the key is really the support and resistance levels. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #503,733
  • Nov 17, 2019 12:50pm Nov 17, 2019 12:50pm
What I'm looking at.
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  • #503,734
  • Nov 17, 2019 1:08pm Nov 17, 2019 1:08pm
Quoting tiborf71
gbpaud I'm short .1.89670 tp. 1.87100 on this chart, the key is really the support and resistance levels. {image}
makes sense...
  • #503,735
  • Nov 17, 2019 1:13pm Nov 17, 2019 1:13pm
Quoting Bones
looks like a flag or pennant , continuation If so much further up monthly is bullish, no means buy that zone opposite to pattern look left we sit on Strong break up gives the signal... {quote}
Lets see if it work in weekly tf, in the contraction NR4 as seeing the last weekly range as lowest of previous 3, so gap up then burst up above previous high as buy signal weekly tf!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,736
  • Nov 17, 2019 1:38pm Nov 17, 2019 1:38pm
gbp aud
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #503,737
  • Nov 17, 2019 2:41pm Nov 17, 2019 2:41pm
Quoting Bones
gbp aud {image}
yes bullish
retracement in play
he's in green ..
1.8880 to look at
let's see...
regards
  • #503,738
  • Nov 17, 2019 2:53pm Nov 17, 2019 2:53pm
Inserted Video
  • #503,739
  • Nov 17, 2019 3:07pm Nov 17, 2019 3:07pm
Small gap now, 1.2920. Let's see if it keeps going.
  • #503,740
  • Nov 17, 2019 3:08pm Nov 17, 2019 3:08pm
Quoting olegchartist
The highest volume bar on #GBPUSD chart (1) established a range between 1.3 (resistance) and 1.28 (support) levels...
The trend on the Daily is Bullish.

Attached Image (click to enlarge)
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As for the 240, Buyers are now in control of this market.

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Some Clues:

1. Price is above HB.

2. The Volume Gauge is Green.

3. Since around 11/09 No BUYING AGGRESSION bar has had its low taken out (closing below). However, the see the highs of many SELLING AGGRESSION bars being taken out (closing above).

4. Friday's bar is a DOWN bar on volume less than the previous two intervals. That is No Supply (NS). An UP bar on Sunday/Monday would confirm this.

I like to enter at HB, HVZ (H), or HVZ (L). The Market offered a nice entry on the Level 2 BUYING AGGRESSION (Cimber) bar that closed above HB and took out the high of the Level 2 SELLING AGGRESSION (Drifter) bar.

A second chance entry came on the 2 Bar Reversal (2BR) at HB.

But a confirmed No Supply (NS) in an Up trend is also a reasonable entry.
Without VSA, you're playing checkers while the Smart Money plays chess.
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