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Cable Update (GBPUSD)

  • #544,021
  • Aug 21, 2020 12:08pm Aug 21, 2020 12:08pm
Well Brother Bones,

You know...
If i'm gonna "Stick to my Technical's" to be right,
that's what i'd say has to happen. -Not what i say, -but the Technical's themselves are saying.

I got really "Churned up" in the Wave-Set of 5, myself, until i stuck to my guns,
of what the Market was telling me, that IT wanted to do.
For instance, -(I Saw & WANTED more out of Wave-5 of Giant WAVE-3)-NOPE!

What we got was London, Having Fun "UP & DOWN the LADDER"
My Best of All here,
Thx Bones,
My Best,

Jeff out
I will work to Objectively Identify my Edges
  • #544,022
  • Aug 21, 2020 12:12pm Aug 21, 2020 12:12pm
Quoting Bones
tl lines up with those fibs {image}
Totally Bones,
- I see that...
Also probably Some MA's, as well, etc, etc....

I bet a "Bounce" at the 23.6%, -then a Retest of the Low around it,
-It blows thru, well... We see where she goes next.
So:
__ 1.3024 "Ish" -But New guys do your research. Don't say "I said".
ANYTHING can happen.
Peace out guys
I will work to Objectively Identify my Edges
  • #544,023
  • Aug 21, 2020 12:15pm Aug 21, 2020 12:15pm
Cool yea ,I'm total newbie on waves
I didn't know it could do that wave 4,thank you

Quoting TerpFan2
Well Brother Bones, You know... If i'm gonna "Stick to my Technical's" to be right, that's what i'd say has to happen. -Not what i say, -but the Technical's themselves are saying. I got really "Churned up" in the Wave-Set of 5, myself, until i stuck to my guns, of what the Market was telling me, that IT wanted to do. For instance, -(I Saw & WANTED more out of Wave-5 of Giant WAVE-3)-NOPE! What we got was London, Having Fun "UP & DOWN the LADDER" ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,024
  • Aug 21, 2020 12:22pm Aug 21, 2020 12:22pm
Hope u all get a great weeknd
Today i saty way from gbp..but not a very good day for me overall
My D view for me if price breaks 1.30300 with a good move i think 1.27500 /1.28100 will be touched
If price dnt break well..up we go
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  • #544,025
  • Aug 21, 2020 12:36pm Aug 21, 2020 12:36pm
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yes yes yes
  • #544,026
  • Aug 21, 2020 12:39pm Aug 21, 2020 12:39pm
Yeah Man,

Let's see what it can do...
And it ALL DEPENDS on where people are drawing their "FIB's",
around here. -Really...

THAT's a GIANT WAVE-3, that's been played out, BOTH on "D" Chart,
"4hr" Chart, etc.

Attached Image (click to enlarge)
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I will work to Objectively Identify my Edges
  • #544,027
  • Aug 21, 2020 1:02pm Aug 21, 2020 1:02pm
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USDX on weekly time frame,
seems good for usd next week
  • #544,028
  • Aug 21, 2020 1:31pm Aug 21, 2020 1:31pm
Quoting Bones
No need to wait... You can use a bottom up approach i.e d1 to forecast weekly Course, I forecast it Wed ,thats not possible apparently You will not change it ,only more bearish as eu {image}
Hi Bones,
Sorry mate and I take it you referred To my post just after I posted as I referred to "I wait". I am not into cryptic clues. You lay it on the table as I do or nothing at all.
I am trying to decipher your post and cannot make sense of it.
Please enlighten me. Are we bearish or bullish?
Cheers.
Trade to trade another day
  • #544,029
  • Aug 21, 2020 1:43pm Aug 21, 2020 1:43pm
Quoting Wavegarrick
{quote} Hi Bones, Sorry mate and I take it you referred To my post just after I posted as I referred to "I wait". I am not into cryptic clues. You lay it on the table as I do or nothing at all. I am trying to decipher your post and cannot make sense of it. Please enlighten me. Are we bearish or bullish? Cheers.
No, no its not you at all ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,030
  • Aug 21, 2020 1:48pm Aug 21, 2020 1:48pm
Hello everyone,

I can see a double top pattern forming on both the 1 hour and 4 hour chat of GBPUSD.

I hope this plays out.
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  • #544,031
  • Aug 21, 2020 1:48pm Aug 21, 2020 1:48pm
Quoting Wavegarrick
{quote} Hi Bones, Sorry mate and I take it you referred To my post just after I posted as I referred to "I wait". I am not into cryptic clues. You lay it on the table as I do or nothing at all. I am trying to decipher your post and cannot make sense of it. Please enlighten me. Are we bearish or bullish? Cheers.
bearish -weekly ,very overbought
as eu ,maybe retrace if wave 4 like we discuss ,you're a good poster with charts and reasoning my friend.
To bottom of range at least , monthly failed to break
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,032
  • Aug 21, 2020 1:51pm Aug 21, 2020 1:51pm
Quoting Bones
{quote} No, no its not you at all ,
Oops Sorry. The power of words.

Cheers.
Trade to trade another day
  • #544,033
  • Aug 21, 2020 1:53pm Aug 21, 2020 1:53pm
this isn't any old pattern look the size of it ,and how it closed and opened ,the location.

then also check w1 on close it has the power to bring it down against that monthly .
It's nothing like that other NFP failure
weekly holds it up -until print
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,034
  • Aug 21, 2020 1:56pm Aug 21, 2020 1:56pm
the weekly is probably a cross which is more powerful form,with gap up
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,035
  • Aug 21, 2020 2:00pm Aug 21, 2020 2:00pm
Quoting Olabanji-Tex
Hello everyone, I can see a double top pattern forming on both the 1 hour and 4 hour chat of GBPUSD. I hope this plays out. {image}
I see 2.i wait 4 bull back
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  • #544,036
  • Aug 21, 2020 2:02pm Aug 21, 2020 2:02pm
Quoting Wavegarrick
{quote} Oops Sorry. The power of words. Cheers.
I see my post came after yours ,forums are hard sometimes,I tend to be direct than cryptic clues
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,037
  • Aug 21, 2020 5:28pm Aug 21, 2020 5:28pm
Quoting OnlineAddict
Daily setup is a clear BEAR, look for short setups between 3100-3200, not long setups. 2800 is on the way...
Probably more shorts next week...the higher it goes early in the week, the better. Maybe 3150-3200 again.
Everyone can see the chart, but only a few can actually read it.
  • #544,038
  • Edited Aug 22, 2020 7:53am Aug 21, 2020 5:42pm | Edited Aug 22, 2020 7:53am
Daily Cable will have to keep printing solid pa to hit it's d1 tl .
Cross on weekly is strong enough V upward momentum to go 50% of wave 3, in that location.
More powerful than EU- i.e -eur gbp will go up.Don't waste margin on it, only monitor .
Close below lower major it won't stop ,or even on is high doubt.
Ramp up no EU deal rhetoric?
Back of falling tl not reliable-not 3 point-not respected.
Monthly condition is side.

High probability set up=
72.06 % chance I'm right,
94.09 % to the bottom of August range
31.02% extreme idea drop like its hot.
which I made up.


* note when I say everyone who was long was wrong ,I'm talking about market psychology of the pattern d1.
It's pretty for up twice ,but outright fail after breaking monthly, bearish weekly and tl. Pattern has to break to be true, ideally in style.

Quoting Bones
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... {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,039
  • Aug 22, 2020 3:07am Aug 22, 2020 3:07am
Quoting HBN08
Hope u all get a great weeknd Today i saty way from gbp..but not a very good day for me overall My D view for me if price breaks 1.30300 with a good move i think 1.27500 /1.28100 will be touched If price dnt break well..up we go {image}
I think so too. A break of your trend line will be an early sign to sell also
Le$$ I$ More
  • #544,040
  • Aug 22, 2020 3:10am Aug 22, 2020 3:10am
Quoting Olabanji-Tex
Hello everyone, I can see a double top pattern forming on both the 1 hour and 4 hour chat of GBPUSD. I hope this plays out. {image}
What’s your R:R ?? From the chart it looks like 1:1
Le$$ I$ More
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