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Cable Update (GBPUSD)

  • #519,521
  • May 10, 2020 5:42am May 10, 2020 5:42am
Quoting navk
{quote} i will be surprised if r1 , 2467 breaks on monday. anyways let us see the daily open.
Hello Navk, why will you be surprised?
Data + Stat + Risk/Emotions Management
  • #519,522
  • May 10, 2020 6:20am May 10, 2020 6:20am
Quoting Georginson
{quote} Hello Navk, why will you be surprised?
there is 4 hr resistance there at 2467.

And the correction down to 2400 tells me, more correction to let us say daily s1 possible on Monday.

I see 2467 important, if this breaks, then easily 2500.

If 2467 holds, deeper correction to 2350 possible.

As i said let us see open price.

IMO, asia may see bulls to 2467 but Frankfurt/ London would push the price down.

And this is what I see and only for me.

Others may see different.
Intraday only.
  • #519,523
  • May 10, 2020 7:21am May 10, 2020 7:21am
Quoting navk
{quote} there is 4 hr resistance there at 2467. And the correction down to 2400 tells me, more correction to let us say daily s1 possible on Monday. I see 2467 important, if this breaks, then easily 2500. If 2467 holds, deeper correction to 2350 possible. As i said let us see open price. IMO, asia may see bulls to 2467 but Frankfurt/ London would push the price down. And this is what I see and only for me. Others may see different.
I agree with you Navk, about 2467 having a modest resistance. I noticed that in the last 3 weeks, the trend has been one sided without giving the other direction up to 10 pips. Secondly, the Tokyo market direction also showed what the direction for the whole week will be, while London open has been reversal of the Tokyo direction. My previous post pointed at the attainment of 1.2550 in the next few days which looks like happening by Tuesday. Stay safe and trade profitably.
Data + Stat + Risk/Emotions Management
  • #519,524
  • May 10, 2020 7:30am May 10, 2020 7:30am
Quoting Georginson
{quote} I agree with you Navk, about 2467 having a modest resistance. I noticed that in the last 3 weeks, the trend has been one sided without giving the other direction up to 10 pips. Secondly, the Tokyo market direction also showed what the direction for the whole week will be, while London open has been reversal of the Tokyo direction. My previous post pointed at the attainment of 1.2550 in the next few days which looks like happening by Tuesday. Stay safe and trade profitably.
weekly will be bullish week, Those who trade for a week may buy lower and not now.
Intraday only.
  • #519,525
  • May 10, 2020 7:37am May 10, 2020 7:37am
Quoting navk
{quote} i will be surprised if r1 , 2467 breaks on monday. anyways let us see the daily open.
my tp is at 1.24800 and price will get there .
last time price got there with less bullishness .
( this time we had 2 engulfing candles )
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.png Size: 21 KB
yes yes yes
  • #519,526
  • May 10, 2020 8:09am May 10, 2020 8:09am
look at the chart.

The bottom sub window is monthly support, weekly resistance, daily support, 4 hr resistance in order from bottom to top.

If I see daily resistance at 2467 as resistance when price opens on monday, I would prefer selling below 2467.

If all monthly, weekly, daily and four hr aligns that is very good signal. 4 hr is not so important though.

I took long on friday asia, and made nice profit , the reason you can see in the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 65 KB
Intraday only.
  • #519,527
  • May 10, 2020 8:18am May 10, 2020 8:18am
Bulls are not done yet...2500 is an easy target.
Everyone can see the chart, but only a few can actually read it.
  • #519,528
  • May 10, 2020 8:20am May 10, 2020 8:20am
Quoting OnlineAddict
Bulls are not done yet...2500 is an easy target.
if 2467 breaks, yes 2500 is easy target.
Intraday only.
  • #519,529
  • May 10, 2020 9:07am May 10, 2020 9:07am
Monday - price will reach 1.25333.
Pull back to 1.24666, end of the day ~1.25000.

Tuesday - price will reach 1.26150.
Pull back to 1.25533, end of the day ~1.25888
WT
  • #519,530
  • May 10, 2020 9:37am May 10, 2020 9:37am
ok, give us the chart that says that.
I'm talking the whole chart with time and price ,not some snippet ,why hard to work out snippets when I know you can do it when pushed.
with detailed analysis

Quoting Bartosz77
Monday - price will reach 1.25333. Pull back to 1.24666, end of the day ~1.25000. Tuesday - price will reach 1.26150. Pull back to 1.25533, end of the day ~1.25888
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #519,531
  • May 10, 2020 10:03am May 10, 2020 10:03am
Quoting Bones
ok, give us the chart that says that. I'm talking the whole chart with time and price ,not some snippet ,why hard to work out snippets when I know you can do it when pushed. with detailed analysis {quote}
I posted this prediction so I can get verified.
I know people who post "after" and claim they knew "before".

If my predictions will be extremely opposite to the reality, I shall come back to the forum on Wednesday and apologise everyone for my lack of trading skills.
If my prediction gets confirmed, I will reveal my way of thinking.
WT
  • #519,532
  • May 10, 2020 10:58am May 10, 2020 10:58am
Heads up you don't know that information,

Quoting Bartosz77
{quote} I posted this prediction so I can get verified. I know people who post "after" and claim they knew "before". If my predictions will be extremely opposite to the reality, I shall come back to the forum on Wednesday and apologise everyone for my lack of trading skills. If my prediction gets confirmed, I will reveal my way of thinking.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #519,533
  • Edited 11:50am May 10, 2020 11:40am | Edited 11:50am
You're simply quoting fib numbers is my guess ,you don't mention any lows ,btw last extra number you're using is designed to confuse.
From your description rather than posting the chart, each daily will open and go up ,first one 127 pips up.
You don't even know the open till you see it .Its not possible to tell us high, low, open close 2 days running
I could pick any number in that range at some point price will hit it as long as range holds.Number calling is a waste of time.
In fact I could pick any number touched in the last few months and theres a good chance its would be touched some time in the near future. Especially numbers not at an extreme.

Its classic make stuff up from a known tech tool of fibs, as before.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #519,534
  • Edited 12:13pm May 10, 2020 11:55am | Edited 12:13pm
If I had to guess the form of the next candle I would say like that one.The reason is the last daily ended with an upper wick and I believe support will hold.Its around a strong pivot, below 485.
Some times I can have a much more specific view ,but I'm doubting anyone can say with high conviction from current PA.high ,low, open .close.-next 2 D1's.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 41 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #519,535
  • May 10, 2020 11:59am May 10, 2020 11:59am
Quoting Bones
You're simply quoting fib numbers is my guess ,you don't mention any lows ,btw last extra number you're using is designed to confuse. From your description rather than posting the chart, each daily will open and go up ,first one 127 pips up. You don't even know the open till you see it .Its not possible to tell us high, low, open close 2 days running I could pick any number in that range at some point price will hit it as long as range holds.Number calling is a waste of time. In fact I could pick any number touched in the last few months and theres...
It's not everyone that is good at bringing out charts for detailed explanation. Bartosz77 is assumed by me to be using Price actions which isn't bad in any way but sometimes need more explanation to buttress his analysis.
Data + Stat + Risk/Emotions Management
  • #519,536
  • May 10, 2020 12:07pm May 10, 2020 12:07pm
There you go ,know one knows why he said it
How hard is it to accompany the logic on a chart in the post.I can only assume the vast majority work on some kind of tech, especially with that level of detailed number calling forecast.

Quoting Georginson
{quote} It's not everyone that is good at bringing out charts for detailed explanation. Bartosz77 is assumed by me to be using Price actions which isn't bad in any way but sometimes need more explanation to buttress his analysis.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #519,537
  • May 10, 2020 12:18pm May 10, 2020 12:18pm
Quoting Bones
You're simply quoting fib numbers is my guess ,you don't mention any lows ,btw last extra number you're using is designed to confuse. From your description rather than posting the chart, each daily will open and go up ,first one 127 pips up. You don't even know the open till you see it .Its not possible to tell us high, low, open close 2 days running I could pick any number in that range at some point price will hit it as long as range holds.Number calling is a waste of time. In fact I could pick any number touched in the last few months and theres...
That's the fun of it - predict unpredictable to win (or lose?).

But what I can say, I predicted such figures with 91% accuracy for the last 3 weeks. Those 9% were out by a small margin (it doesn't mean that price went totally opposite, but it went not exactly to that predicted point). I will wait with my further steps until Wednesday. You can crush me later...

Take care and trade safe!
WT
  • #519,538
  • May 10, 2020 12:43pm May 10, 2020 12:43pm
Am I right ? you pulled a few fibs then bounced price around those fibs ,considering you think it will go up ,just say it

Quoting Bartosz77
{quote} That's the fun of it - predict unpredictable to win (or lose?). But what I can say, I predicted such figures with 91% accuracy for the last 3 weeks. Those 9% were out by a small margin (it doesn't mean that price went totally opposite, but it went not exactly to that predicted point). I will wait with my further steps until Wednesday. You can crush me later... Take care and trade safe!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #519,539
  • May 10, 2020 1:19pm May 10, 2020 1:19pm
This has got to be bullish on the pound - lets see what happens on Monday
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #519,540
  • May 10, 2020 1:29pm May 10, 2020 1:29pm
Quoting SFundamental
This has got to be bullish on the pound - lets see what happens on Monday
This is what I thought the night of brexit also....we are far from 1.35 today... i agree that tonight’s opening will be interesting but would not be surprised if this train will get an upward momentum and soon be shorted strong down again.

the data from germany shows that as soon they open the number of cases climbed quickly up, which is what to expect with such an contagious disease...
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