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Cable Update (GBPUSD)

  • #542,741
  • Aug 14, 2020 4:16pm Aug 14, 2020 4:16pm
Man not expecting that...
I fell bad for Messi he actually trys to do everything for Barcelona but..not the good and old barça..team is not in the sam page
  • #542,742
  • Aug 14, 2020 4:20pm Aug 14, 2020 4:20pm
Quoting MarketPatrol
Bayern Munich is killing Barcelona
oh my,

but i buy barca on deep
  • #542,743
  • Aug 14, 2020 4:21pm Aug 14, 2020 4:21pm
Quoting HBN08
Man not expecting that... I fell bad for Messi he actually trys to do everything for Barcelona but..not the good and old barça..team is not in the sam page
True.
One of friends was stupid enough to place a $3000 bet on barca
Patience.....
  • #542,744
  • Aug 14, 2020 4:22pm Aug 14, 2020 4:22pm
Barca didn't use stoploss
Patience.....
  • #542,745
  • Aug 14, 2020 4:22pm Aug 14, 2020 4:22pm
Quoting Gym4life
{quote} Bulls at 1.30100 or 1.29500 can do a rocket to the moon And deeper
If it gets there, it could be a good bounce for sure
Compulsions can be hard to resist
  • #542,746
  • Aug 14, 2020 4:26pm Aug 14, 2020 4:26pm
Quoting Fredo219
{quote} True. One of friends was stupid enough to place a $3000 bet on barca
No risk manegment there
  • #542,747
  • Aug 14, 2020 8:52pm Aug 14, 2020 8:52pm
I have a free subscription to tradingview.com, it's where I do my charting and this trader has laid out somewhat of a plan for Newbies. Not bad although some of it would take some time to understand for a Newbie
I'm in the comments section, LincolnX

https://www.tradingview.com/chart/EU...rs-start-here/
Don't Leave Money on the Table
  • #542,748
  • Aug 14, 2020 10:59pm Aug 14, 2020 10:59pm
Quoting HaLBot
I have a free subscription to tradingview.com, it's where I do my charting and this trader has laid out somewhat of a plan for Newbies. Not bad although some of it would take some time to understand for a Newbie I'm in the comments section, LincolnX https://www.tradingview.com/chart/EU...rs-start-here/
this is applicable to all of us, almost in this thread. This includes me.

I am learner always.
Intraday only.
  • #542,749
  • Aug 15, 2020 12:12am Aug 15, 2020 12:12am
Quoting navk
{quote} this is applicable to all of us, almost in this thread. This includes me. I am learner always.
For sure, I'm picking up stuff in his article, refreshing other stuff and great someone takes the time to write this down
Don't Leave Money on the Table
  • #542,750
  • Aug 15, 2020 12:53am Aug 15, 2020 12:53am
Quoting Fredo219
Barca didn't use stoploss

Bayern let the winner run?
Maadik Hugiis. IQ 69.
  • #542,751
  • Aug 15, 2020 1:01am Aug 15, 2020 1:01am
Quoting trumps
That 1hr is a classic reversal hint,

Did you know, in the Chart Science, they do call this peaks formation PentaNipple Top
Maadik Hugiis. IQ 69.
  • #542,752
  • Aug 15, 2020 1:13am Aug 15, 2020 1:13am
Quoting MoneyZilla
{quote} Did you know, in the Chart Science, they do call this peaks formation PentaNipple Top
Compulsions can be hard to resist
  • #542,753
  • Aug 15, 2020 3:55am Aug 15, 2020 3:55am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 21 KB

close up
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 20 KB
yes yes yes
  • #542,754
  • Aug 15, 2020 4:05am Aug 15, 2020 4:05am
Calvin Harris, Summer

Great song, Great film clip and where the Babes are almost as hot as the cars
Play this LOUD!!!!!
Spot the Jason Stathem cameo


Inserted Video
Don't Leave Money on the Table
  • #542,755
  • Aug 15, 2020 4:06am Aug 15, 2020 4:06am
SLOW MOTION AUGUST
this just concluded week recorded the lowest weekly range in 2020 (1.3142 - 1.3004) being 138 pips. In fact August so far has done only 205 pips range (1.3185 - 1.2989).

WHY THIS SLOW MOTION?
Looking into previous Months that have range of over 580 pips and the months that followed such months ...
May 2019 (1.3176 - 1.2558) 618 pips.
June 2019 (1.2783 - 1.2505) 278 pips
July 2019 (1.2705 - 1.2119) 586 pips.
August 2019 (1.2309 - 1.2014) 295 pips
October 2019 (1.3012 - 1.2195) 817 pips
November 2019 (1.2985 - 1.2768) 217 pips
December 2019 (1.3514 - 1.2895) 619 pips
January 2020 (1.3230 - 1.2954) 276 pips
July 2020 (1.2358 - 1.3169) 811 pips
August 2020* (1.3185 - 1.2980) 205 pips so far

* There is much similarity between October/November 2019 and July/August 2020.
* Each month that has over 580 pips or more is usually followed up with another month with ranges lesser than 300 pips... (217pips - 295 pips).

Conclusion, this August new expected range is now within 217 - 280 pips which means price will continue hovering between 1.31 - 1.29 level.

Then after August small Range, September will get more volatile range of around 500 - 650 pips with very strong tendency to attack 1.33/1.34 levels.

In this light, I do not see price dropping below 1.2800 before aggressive push towards 1.33/1.34 levels in September. Let's prepare ahead.

Note: A research work and no obligation to follow.

Peace

George.
Data + Stat + Risk/Emotions Management
  • #542,756
  • Aug 15, 2020 7:13am Aug 15, 2020 7:13am
I'm glad to see you not limit yourself to any particular month of the past,I do agree it wants to go to that area, its better to think this tight range is continuation until proven wrong
downside is limited to 1.2800 within the month


Quoting Georginson
SLOW MOTION AUGUST this just concluded week recorded the lowest weekly range in 2020 (1.3142 - 1.3004) being 138 pips. In fact August so far has done only 205 pips range (1.3185 - 1.2989). WHY THIS SLOW MOTION? Looking into previous Months that have range of over 580 pips and the months that followed such months ... May 2019 (1.3176 - 1.2558) 618 pips. June 2019 (1.2783 - 1.2505) 278 pips July 2019 (1.2705 - 1.2119) 586 pips. August 2019 (1.2309 - 1.2014) 295 pips October 2019 (1.3012 - 1.2195) 817 pips November 2019 (1.2985 - 1.2768) 217 pips December...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,757
  • Aug 15, 2020 7:13am Aug 15, 2020 7:13am
Quoting morfes2
{quote} https://youtu.be/90f6ZFk9HNc
Inserted Video
  • #542,758
  • Edited Aug 16, 2020 5:02am Aug 15, 2020 7:26am | Edited Aug 16, 2020 5:02am
We can look $ basket it has trouble going up on what looks like bullish weekly.
If it does go up I do think it will fail in this month.
The monthly is very heavy ,the up trend line goes back to 2011 is unconfirmed.

The red down is a line for a fact, respected to the pip on a high tf.It has other factors to believe it will hold at that point...

Quoting Bones
$ basket ,surely it must hit the line coming this far before break of red down line. {quote} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DX-Weekly.png Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,759
  • Edited Aug 16, 2020 5:04am Aug 15, 2020 7:38am | Edited Aug 16, 2020 5:04am
on that token ,should we see bearish cable- tl and pivot 12800 is good
reasoned logic from the two chart's for anticipation
Attached Image (click to enlarge)
Click to Enlarge Name: 1GBPUSD--week.png Size: 58 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,760
  • Aug 15, 2020 8:07am Aug 15, 2020 8:07am
monday pivot point is 1.3089.

Can move up a little bit or 1.3100 maximum.. to drop...

This will be healthier drop.

If it drops from open..then the price must get supported at S1. 1.3037 around.

I would prefer 1.3100 to 1.3000 for Monday
Intraday only.
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