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Cable Update (GBPUSD)

  • #511,901
  • Feb 15, 2020 8:39am Feb 15, 2020 8:39am
Quoting Nala66
{quote} 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.
it’s not like 2+2=4. No one knows that happens next. It’s a probability game. As long as your RRR is good compared to your trade success rate, you will come up positive. That's the problem with 90% of retail traders. They might be right more than 50% of time, but when they lose, it will be much bigger what they make when they win.
  • #511,902
  • Feb 15, 2020 8:42am Feb 15, 2020 8:42am
Quoting Bones
ugly H+S pattern ? {image}
like the ugly inverse H & Sh that I posted 5 days ago.Who would have thought that be real deal
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1h 21120202.JPG Size: 99 KB
  • #511,903
  • Feb 15, 2020 8:48am Feb 15, 2020 8:48am
This is COT data, another point that makes me long term bullish on GU
Attached Image (click to enlarge)
Click to Enlarge Name: GU COT.JPG Size: 132 KB
  • #511,904
  • Feb 15, 2020 8:48am Feb 15, 2020 8:48am
Quoting Bones
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 {quote} {image} {image}

yes, checked...i need glasses
  • #511,905
  • Feb 15, 2020 9:06am Feb 15, 2020 9:06am
Quoting shahab8b
{quote} it’s not like 2+2=4. No one knows that happens next. It’s a probability game. As long as your RRR is good compared to your trade success rate, you will come up positive. That's the problem with 90% of retail traders. They might be right more than 50% of time, but when they lose, it will be much bigger what they make when they win.
And I'm telling you that all the moves on the chart are measured moves based on the exchange from one hand to the other.

It is like 2 + 2 = 4 and knowing what happens next is your ability to read where these 2's are and where they will swing to.
  • #511,906
  • Feb 15, 2020 9:06am Feb 15, 2020 9:06am
tell you what my friend ,if price goes to it again on tweaked version it will prove right
I saying right now I highly doubt that line will be respected later

Quoting thevisitor
{quote} yes, checked...i need glasses
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,907
  • Feb 15, 2020 9:17am Feb 15, 2020 9:17am
Quoting shahab8b
This is COT data, another point that makes me long term bullish on GU {image}
not use but am long term bear here. try a good bull but to accomplish need a good correction down through yearly wick down if not below it like eurusd did already, waiting for time to for at least intermediate multiyear support retest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 45 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,908
  • Feb 15, 2020 9:21am Feb 15, 2020 9:21am
Quoting Bones
tell you what my friend ,if price goes to it again on tweaked version it will prove right I saying right now I highly doubt that line will be respected later {quote}
it doesn't matter..
i'm trading in both directions whatever pa tells me

have a great weekend bones!!
  • #511,909
  • Feb 15, 2020 9:24am Feb 15, 2020 9:24am
Quoting fontu
{quote} not use but am long term bear here. try a good bull but to accomplish need a good correction down through yearly wick down if not below it like eurusd did already, waiting for time to fot at least intermediate multiyear support retest {image} {image}
The COT data is different for USD index and EURUSD, being bullish and bearish, respectively. For GU, it shows bullish bias. That might change though if we see a huge drop in the pair.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDINDX.JPG Size: 117 KB
Click to Enlarge Name: EU COT.JPG Size: 114 KB
  • #511,910
  • Feb 15, 2020 1:57pm Feb 15, 2020 1:57pm
There can be a trend line here.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 30 KB
  • #511,911
  • Feb 15, 2020 2:00pm Feb 15, 2020 2:00pm
it's not about right and wrong, short and long, but about patience. this might be my last post, I'd better paint the walls of my house
Attached Image (click to enlarge)
Click to Enlarge Name: download 5.png Size: 67 KB
  • #511,912
  • Feb 15, 2020 2:11pm Feb 15, 2020 2:11pm
Quoting corongumet
it's not about right and wrong, short and long, but about patience. this might be my last post, I'd better paint the walls of my house {image}
True, at time it to happen the most odd or wrong to true, if all or most follow the market then who will pay all free monies! So in less liqidity market one to kill to move it forwards, only option left at times lethal action to kill the most correct pathways! Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,913
  • Edited 5:17pm Feb 15, 2020 2:34pm | Edited 5:17pm
It fits my view, tho I'm not a patterns expert and seen many such types fail
that fits all criteria of h&s as far as I know. Only thing I could say is its not in fresh air , look left.

down then up medium-term, all I need next is a W1 candle that does not go over 3100,
It can be a consolidation type or straight bear and does not have to take last week low.
If it's right bunching like that with random moves can produce a runner even in a tight channel
It's not easy to turn such a bullish move tho some high TF have corker long wick candles to the north....wide channel complete guess

up was on speculation last week, but I think he went on personality clash with cummings, not so much policy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-15 at 20.27.33.png Size: 104 KB
Click to Enlarge Name: GBPUSD-7-days.png Size: 47 KB
Click to Enlarge Name: GBPUSD-Daily.png Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,914
  • Feb 15, 2020 2:54pm Feb 15, 2020 2:54pm
it is broke but never respected , it's not a valid line

Quoting photoshop
There can be a trend line here. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,915
  • Feb 15, 2020 3:28pm Feb 15, 2020 3:28pm
Thanks Bones I don't use trend lines much because I haven't practiced them much, I put one on my chart because I saw other posts about trend lines.
I like support and resistance shapes and patterns.
What do you mean when you say respected.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 34 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 32 KB
  • #511,916
  • Feb 15, 2020 4:34pm Feb 15, 2020 4:34pm
Quoting fontu
{quote} True, at time it to happen the most odd or wrong to true, if all or most follow the market then who will pay all free monies! So in less liqidity market one to kill to move it forwards, only option left at times lethal action to kill the most correct pathways! Take care
a few days ago, someone said that painting a house is more fun, and I will do it, believe in your strategy and if it is in the wrong position, just admit it. last Friday was a time for me to study, learn about trading rules, long and short its true. Time can be answer the question
trad safe
  • #511,917
  • Feb 15, 2020 4:41pm Feb 15, 2020 4:41pm
Quoting Bones
It fits my view, tho I'm not a patterns expert and seen many such types fail that fits all criteria of h&s as far as I know. Only thing I could say is its not in fresh air , look left. down then up medium-term, all I need next is a W1 candle that does not go over 3100, It can be a consolidation type or straight bear and does not have to take last week low. If it's right bunching like that with random moves can produce a runner even in a tight channel It's not easy to turn such a bullish move tho some high TF have corker long wick candles to the...
No body know, lett see market on 12 DEC 2019, down and down again, only 5 minute up
  • #511,918
  • Feb 15, 2020 7:23pm Feb 15, 2020 7:23pm
Quoting corongumet
{quote} No body know, lett see market on 12 DEC 2019, down and down again, only 5 minute up
Here was my chart from the 12th Dec 2019.

What was your question?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB
  • #511,919
  • Edited 2:44am Feb 16, 2020 12:28am | Edited 2:44am
whatever ways it sees , goes strikingly correct down for any up but posing false up without in smaller tf! Levels for monthly tf , more of less for weekly. big bull candle 4 monthly> can be even a fakeout with breaks previous top & tank to new levels.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 32 KB
Click to Enlarge Name: GBPUSDH4.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,920
  • Feb 16, 2020 2:11am Feb 16, 2020 2:11am
Quoting Nala66
{quote} Here was my chart from the 12th Dec 2019. What was your question? {image}
its not question. i want to tell everyone....
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