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Cable Update (GBPUSD)

  • #518,461
  • Apr 30, 2020 3:58pm Apr 30, 2020 3:58pm
Quoting elbert3
{image} interesting formation below and look at the one forming now .. will history repeat ??
Those look like boobs......one normal and the other droopy.
Lost....
  • #518,462
  • Apr 30, 2020 4:07pm Apr 30, 2020 4:07pm
Quoting gespiri
{quote} Dunno about you but I always had the 127.11 in sight (61.8% from Dec2019 high to Mar2020 low) which is still unfilled....
It will definitely get filled as price will still touch 1.35 between August to October this year.
Data + Stat + Risk/Emotions Management
  • #518,463
  • Apr 30, 2020 4:48pm Apr 30, 2020 4:48pm
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long target over 2750 1st shorts would have to break 2440 I would say
  • #518,464
  • Apr 30, 2020 6:14pm Apr 30, 2020 6:14pm
I'm short
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  • #518,465
  • Apr 30, 2020 6:28pm Apr 30, 2020 6:28pm
Hi Coreg I only said thats not a a head and shoulder pattern ,thats well before the right shoulder broke up .
let me ask you do you think it is
Quoting Coreg2004
Bones, as long as new high is not made @Ozalid's scenario is in play when the new high is made ( as indicated per @gespiri chart) we will have a different ball game. For me, everyone can have own rules on how to trade a particular pattern. {image} {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,466
  • Apr 30, 2020 6:33pm Apr 30, 2020 6:33pm
this is classic mistake that turned out right ,I'm not picking on anyone
this thread is full of these patterns ,when its something else
It broke up, so then that re firms the belief you can make the pattern out of any move.
I'm trying to point out you can't do that .
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,467
  • Edited 7:19pm Apr 30, 2020 7:00pm | Edited 7:19pm
One thing I think, you do keep with a certain set of rules. Ive seen you post rules many times ,even in that post.
You never made those rules yourself.


Quoting Coreg2004
Bones, as long as new high is not made @Ozalid's scenario is in play when the new high is made ( as indicated per @gespiri chart) we will have a different ball game. For me, everyone can have own rules on how to trade a particular pattern. {image} {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,468
  • Apr 30, 2020 7:08pm Apr 30, 2020 7:08pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,469
  • Apr 30, 2020 7:16pm Apr 30, 2020 7:16pm
One has to dig out the bigger moves in last day of the month and next day price falls like a rock making all analysis useless...It is reoccurring pattern with GBP pairs in most of month ends...
sell strength in falling markets, and buy weakness in rising markets.
  • #518,470
  • Apr 30, 2020 7:50pm Apr 30, 2020 7:50pm
flawed observation
Quoting htcone
One has to dig out the bigger moves in last day of the month and next day price falls like a rock making all analysis useless...It is reoccurring pattern with GBP pairs in most of month ends...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,471
  • Apr 30, 2020 7:58pm Apr 30, 2020 7:58pm
I can look at the chart I see thats just ridiculous ,
I could pander to the ridiculous but hey who's that help
that candle is bullish ,im talking over the month
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,472
  • Apr 30, 2020 9:18pm Apr 30, 2020 9:18pm
Quoting Bones
there's no momentum ,because price is trapped see how new month opens ,but up is the actual direction, with 12000 the floor H &S is a top pattern by the way, that means you can't look left and see other immediate price from that pattern. {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,473
  • Apr 30, 2020 10:57pm Apr 30, 2020 10:57pm
Quoting mkvy
Most professional Forex traders do not waste their time trying to trade short time frame charts. Instead, they spend their precious time taking in the bigger picture of the market, through careful and skilled analysis of the higher time frames. Higher time frame charts contain a more accurate and meaningful view of what is taking place in a market. Successful Forex trading is not about spending massive amounts of time staring at the charts until your eye balls burn. To succeed in the markets you have to develop a meaningful perspective that allows...
U nailed it bro
  • #518,474
  • Edited 12:27am May 1, 2020 12:12am | Edited 12:27am
Quoting gespiri
I think this is where we are. Wave 3 may have been completed at 261.8 (or 1.2643). If so, waiting for wave 4 to complete either at 1.2560 - 1.2592 then up. The complete cycle could be done at 1.2711 - 1.2740 IMHO......then down deep. {image}
I expect close to 2510. Frankfurt has to open and 2550 should fail for that.
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Intraday only.
  • #518,475
  • May 1, 2020 12:34am May 1, 2020 12:34am
Closed 17 pip looking for long
  • #518,476
  • Edited 1:43am May 1, 2020 12:58am | Edited 1:43am
GD all

Could be a slow day during London Session due to May Day holiday in Europe...

https://www.forexlive.com/news/!/it-...today-20200501

I'm short here to 2528...
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Don't Leave Money on the Table
  • #518,477
  • May 1, 2020 1:51am May 1, 2020 1:51am
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yes yes yes
  • #518,478
  • May 1, 2020 2:07am May 1, 2020 2:07am
Quoting adc
Just bearing this in mind for slightly longer term trend. Hurdle at 1.263x first. Rgds, Angus {image}
Still seems to be playing out although the target bubble might have to move to the right slightly. Rgds, Angus
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  • #518,479
  • May 1, 2020 2:20am May 1, 2020 2:20am
Mmmm - London slow this morning. Friday, 1st of month, lower opening volume - might just be a consolidation day today. Rgds, Angus
  • #518,480
  • May 1, 2020 2:22am May 1, 2020 2:22am
Quoting adc
Mmmm - London slow this morning. Friday, 1st of month, lower opening volume - might just be a consolidation day today. Rgds, Angus
May Day holiday in Europe too but not UK.....
Don't Leave Money on the Table
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