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Cable Update (GBPUSD)

  • #511,881
  • Feb 14, 2020 6:20pm Feb 14, 2020 6:20pm
Quoting Moty
{quote} so is daily {image}
D1 bullish trend fully intact:
( i dont trade trendlines)
two points determine a line..
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  • #511,882
  • Edited Feb 15, 2020 3:14am Feb 14, 2020 11:49pm | Edited Feb 15, 2020 3:14am
GBPUSD looks like retracing and in a new bull trend.
what do you think?
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  • #511,883
  • Feb 15, 2020 1:29am Feb 15, 2020 1:29am
Definitely in a bull trend, double bounce at 1.200 area, i have been long for a while with a small lot swing trade, stop loss currently below 1.26 with take profit around 1.35.
In saying that there is some resistance at the 1.31 and 1.32 levels on the daily chart, so take profit at these areas and re-enter on retest of new support.
  • #511,884
  • Feb 15, 2020 2:04am Feb 15, 2020 2:04am
The gap was closed on the gbpusd like I preached. Hope chickenfarm noticed.
99.9% persistence
  • #511,885
  • Feb 15, 2020 2:06am Feb 15, 2020 2:06am
i belive that the gap at 1.3206 will be close next week
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yes yes yes
  • #511,886
  • Feb 15, 2020 2:12am Feb 15, 2020 2:12am
Yes the direction bias is bearish at the moment but we wait to confirm on monday
99.9% persistence
  • #511,887
  • Feb 15, 2020 5:33am Feb 15, 2020 5:33am
3 point determine a valid line, something wrong with mt4 or you tweaked outside the program
here's the thing I'm working with that line maybe it's not a line at all even weekly
there's a huge gap between touch-how it opens next matters

Quoting thevisitor
{quote} D1 bullish trend fully intact: ( i dont trade trendlines) two points determine a line.. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,888
  • Edited 6:07am Feb 15, 2020 5:54am | Edited 6:07am
2 week start new next week then 12 days close end of next week
12 days sort of catches it ,I'm not going to tweak it to fit, all about that open last week v 13200
bullish case is close the gap
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,889
  • Feb 15, 2020 6:18am Feb 15, 2020 6:18am
Quoting Moty
{quote} so is daily {image}
think you are right.
waiting for 3075 myself.
  • #511,890
  • Feb 15, 2020 6:23am Feb 15, 2020 6:23am
Both the bulls and bears have had a go at breaking free of this range but have both returned to it and are currently smack in the middle of it.

So to say this is trending one way or the other depends on your timeframe perspective.
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  • #511,891
  • Feb 15, 2020 6:44am Feb 15, 2020 6:44am
fundamentally I just cannot see the Conservative party agreeing to alter fiscal policy to pay for day to day or anything outlandish if thats the bullish story ,no 10 isn't that powerful ,you can't spin doctors up as an investment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,892
  • Feb 15, 2020 6:46am Feb 15, 2020 6:46am
I do not do much bigger tf analysts, what I need is 4hr and below to fix my trades daily and catch pips to achieve daily target.
Intraday only.
  • #511,893
  • Feb 15, 2020 7:22am Feb 15, 2020 7:22am
The 4 hour seems to like this 100 pip range.
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  • #511,894
  • Edited 8:19am Feb 15, 2020 7:49am | Edited 8:19am
space there to play arounds all up & down in sideways , anyway apparently may take supports below 3028 towards 3000 for real test again the previous top & the signal3069 for further up correction towards 3140/60 if possible . Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,895
  • Feb 15, 2020 8:07am Feb 15, 2020 8:07am
Quoting Bones
2 week start new next week then 12 days close end of next week 12 days sort of catches it ,I'm not going to tweak it to fit, all about that open last week v 13200 bullish case is close the gap {image} {image}
I don’t consider this exact science. It’s all approximation with some subjective elements. I drew my TL using daily close here.
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  • #511,896
  • Feb 15, 2020 8:16am Feb 15, 2020 8:16am
Quoting shahab8b
{quote} I don’t consider this exact science. It’s all approximation with some subjective elements. I drew my TL using daily close here. {image}
pure Dow Theory...
Always trade your own plan...I don't provide trading signals.
  • #511,897
  • Feb 15, 2020 8:23am Feb 15, 2020 8:23am
Quoting shahab8b
{quote} I don’t consider this exact science. It’s all approximation with some subjective elements. I drew my TL using daily close here. {image}
bo & pb , may be little more this side or that side to move forwards . just clean & simple
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,898
  • Feb 15, 2020 8:27am Feb 15, 2020 8:27am
This is what I am thinking, it's either wave 4 completed or still in some sort of wxy/abc or any other corrective pattern. Overall it looks like a rising wedge pattern as wave 4.
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  • #511,899
  • Feb 15, 2020 8:32am Feb 15, 2020 8:32am
Quoting shahab8b
{quote} I don’t consider this exact science. It’s all approximation with some subjective elements. I drew my TL using daily close here. {image}
Gee whiz< I do consider it an exact science. If we can't work our where it is going then the entire thing becomes just guesswork.
  • #511,900
  • Edited 9:05am Feb 15, 2020 8:38am | Edited 9:05am
ugly H+S pattern ?
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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