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Cable Update (GBPUSD)

  • #547,141
  • Sep 9, 2020 8:39am Sep 9, 2020 8:39am
Quoting Georginson
{quote} See daily candle of 3 September 2019
If you measure the pips from the bottom of the 9/3/2019 candle to the top of the subsequent rally and apply those same pips to this instance, guess what you get? 1.3500.
Observation is the path to discovery.
  • #547,142
  • Sep 9, 2020 8:42am Sep 9, 2020 8:42am
100pip get it back from it. don't push 2 far ( day by day to reached ur target ) just one hundred pip for today
  • #547,143
  • Sep 9, 2020 8:43am Sep 9, 2020 8:43am
Quoting Georginson
AUGUST - DECEMBER RANGES (2011 - 2019) 2011 ... 1.6617 - 1.5272 = 1345 pips 2012 ... 1.5489 - 1.6308 = 819 pips 2013 ... 1.5102 - 1.6577 = 1475 pips 2014 ... 1.6892 - 1.5485 = 1407 pips 2015 ... 1.5818 - 1.4733 = 1085 pips 2017 ... 1.2773 - 1.3656 = 883 pips 2018 ... 1.3298 - 1.2476 = 822 pips 2019 ... 1.1958 - 1.3514 = 1556 pips Minimum : 819 Average : 1187 Maximum : 1556 Now August - December 2020 Range Permutations and Probabilities... Making use of minimum Aug - Dec. (819 pips) UPSIDE If 1.2750 low + 819 = 1.3569 If 1.2850 low + 819 = 1.3669...
You may need to see this post from 26 of August...

What was stated there is still very valid now... Expect August to December range to have minimum of 820 pips... So far we already have 597 pips range with possible 223 more pips range to break.

Now expect the bearish move to end at 1.28 area for 1.36 to be attacked before year ends. Only a break of 1.2750 will invalidate 1.36 this Year.

Prepare and plan ahead.
Data + Stat + Risk/Emotions Management
  • #547,144
  • Sep 9, 2020 8:44am Sep 9, 2020 8:44am
Quoting Alorente
{quote} It´s all for show anyway... The bill has no chance of passing in the House of Lords. Just smoke...
It is not required. Lords may return it back to Commons, and if Commons vote for it again, Lords will have no say.
There is a small chance it won't pass Commons... but really small, the conservatives are mostly spineless when it comes to voting.
  • #547,145
  • Sep 9, 2020 8:45am Sep 9, 2020 8:45am
Quoting Alorente
{quote} If you measure the pips from the bottom of the 9/3/2019 candle to the top of the subsequent rally and apply those same pips to this instance, guess what you get? 1.3500.
Exactly 1.35... that's the definite destination as far as 1.2750 remains unbroken.
Data + Stat + Risk/Emotions Management
  • #547,146
  • Sep 9, 2020 8:54am Sep 9, 2020 8:54am
nice bounce of the 1.288x

the hard question now

cable found the bottom at 1.288x

or

its just retracement and the real bottom will be between 1.2790 to 1.2810
  • #547,147
  • Sep 9, 2020 8:54am Sep 9, 2020 8:54am
Quoting Georginson
{quote} Exactly 1.35... that's the definite destination as far as 1.2750 remains unbroken.
If history repeats itself, we would be at 1.3500 on September 24th.
Observation is the path to discovery.
  • #547,148
  • Sep 9, 2020 8:56am Sep 9, 2020 8:56am
Quoting Alorente
{quote} If history repeats itself, we would be at 1.3500 on September 24th.
Today's close is very important ... It will give the final answer
Data + Stat + Risk/Emotions Management
  • #547,149
  • Sep 9, 2020 9:01am Sep 9, 2020 9:01am
Quoting Alorente
{quote} If history repeats itself, we would be at 1.3500 on September 24th.
we will see 1.35 and higher again for sure

24th sep hummmm

i know a guy who shorted euro at 1.19 and he said i will exit my position on 24th sept the same date u mentioned

but from what i understand he expect dollar strength until 24th sept
  • #547,150
  • Sep 9, 2020 9:01am Sep 9, 2020 9:01am
Quoting The Magician
Buyers coming in now. Long @ 12936. Hopefully the correction is over (for now). It's going to be a wild few months coming up!
Set stop@ BE+10. Leaving this puppy to ride for a while.
  • #547,151
  • Sep 9, 2020 9:01am Sep 9, 2020 9:01am
pre-big isn't it,
  • #547,152
  • Sep 9, 2020 9:03am Sep 9, 2020 9:03am
moment of truth

fly like the wing
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 38 KB
yes yes yes
  • #547,153
  • Sep 9, 2020 9:04am Sep 9, 2020 9:04am
Quoting VM.
{quote} Worked well for you, in the end, congratulations. But with this price action, I wonder if it just stop hunt. It may drop like a stone.
Thank you VM.
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #547,154
  • Sep 9, 2020 9:04am Sep 9, 2020 9:04am
Quoting msniper
{quote} we will see 1.35 and higher again for sure 24th sep hummmm i know a guy who shorted euro at 1.19 and he said i will exit my position on 24th sept the same date u mentioned but from what i understand he expect dollar strength until 24th sept
this is for you . cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 164 KB
  • #547,155
  • Sep 9, 2020 9:07am Sep 9, 2020 9:07am
We are at an important level
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #547,156
  • Sep 9, 2020 9:09am Sep 9, 2020 9:09am
pending buy @ 1.2956
  • #547,157
  • Sep 9, 2020 9:19am Sep 9, 2020 9:19am
Price must close above 1.2980 today, otherwise this surge will be temporal and may have another kiss of the low before sustainable bullish run.

In the medium term, as far as price doesn't break 1.2750, we will see 1.35 within 3 - 5 weeks.
Data + Stat + Risk/Emotions Management
  • #547,158
  • Sep 9, 2020 9:25am Sep 9, 2020 9:25am
Let´s play another game, see who comes closest:

Today´s close for GBPUSD?

My call is 1.3005
Observation is the path to discovery.
  • #547,159
  • Sep 9, 2020 9:31am Sep 9, 2020 9:31am
Quoting Alorente
Let´s play another game, see who comes closest: Today´s close for GBPUSD? My call is 1.3005
Dejavu distance close... Lol
Data + Stat + Risk/Emotions Management
  • #547,160
  • Sep 9, 2020 9:31am Sep 9, 2020 9:31am
Quoting Alorente
Let´s play another game, see who comes closest: Today´s close for GBPUSD? My call is 1.3005
1.30528 because dx need to get to daily s2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx1.png Size: 27 KB
Click to Enlarge Name: gu1.png Size: 30 KB
yes yes yes
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