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Cable Update (GBPUSD)

  • #548,181
  • Sep 14, 2020 8:34pm Sep 14, 2020 8:34pm
tl is broke it can't be fixed
pa is very bearish
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,182
  • Sep 14, 2020 8:43pm Sep 14, 2020 8:43pm
Quoting Bones
{quote} you can't recover a monthly thats high in the curve ,it's not the same at all
And that is only an opinion. Only numbers tell the real story, not how one believes the parliament will react and how one suspects the market will move based on the parliaments reaction. If that was the case, half of us would be billionaires by now lol. I’m pretty sure 90% of traders can tell how governments will react, but 99.9% of all traders can’t tell how the market will react.

As I’ve said before, for the current high to hold we must have a daily closing below 1.2780, otherwise it’s still in play.
  • #548,183
  • Sep 14, 2020 8:44pm Sep 14, 2020 8:44pm
Quoting Bones
This daily highlighted is significant, because that's how it broke the monthly down, it's bearish under its high {image}
its possible to down move wave 4 not clear.
  • #548,184
  • Sep 14, 2020 8:46pm Sep 14, 2020 8:46pm
Quoting spatel522
{quote} And that is only an opinion. Only numbers tell the real story, not how one believes the parliament will react and how one suspects the market will move based on the parliaments reaction. If that was the case, half of us would be billionaires by now lol. I’m pretty sure 90% of traders can tell how governments will react, but 99.9% of all traders can’t tell how the market will react. As I’ve said before, for the current high to hold we must have a daily closing below 1.2780, otherwise it’s still in play.
ok
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,185
  • Sep 14, 2020 8:48pm Sep 14, 2020 8:48pm
geppy just tapping important support 135 50
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  • #548,186
  • Sep 14, 2020 8:51pm Sep 14, 2020 8:51pm
evening ,. just get it done workout ( 16hours long )
  • #548,187
  • Sep 14, 2020 8:55pm Sep 14, 2020 8:55pm
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yes yes yes
  • #548,188
  • Sep 14, 2020 9:12pm Sep 14, 2020 9:12pm
Quoting corongumet
{quote} its possible to down move wave 4 not clear.
it's bearish under the daily I pointed ,just saying bullish diagonal 2 could be best case, that fits that view.
I think 3 is on its way regardless ,it could go as high as 13200 before 3 but I'm not seeing it on daily ,it would be high against the weekly.
wave 4 broke the rules ,confirmed by Coreg ,or is very close to the mark.
daily not convincing
weekly open is very important ,
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  • #548,189
  • Sep 14, 2020 9:12pm Sep 14, 2020 9:12pm
why suddenly gold in pumping
be patient
  • #548,190
  • Sep 14, 2020 9:13pm Sep 14, 2020 9:13pm
2813 to 2900 and more today
Intraday only.
  • #548,191
  • Sep 14, 2020 9:33pm Sep 14, 2020 9:33pm
The fury of senior Conservatives over the treaty threat shows how Mr Johnson has messed up the messaging. Instead of proving what he argues is the EU’s bad faith, he gave up the moral high ground and made it harder for the EU to give ground. Like the old joke: it’s worse than a crime, it is a mistake.

This could cost Boris the election! He needs a Brexit deal and especially during this pandemic, he cant afford to take the economy give the current situation due to his ego. If he continues down this line he will likely lose all power.
  • #548,192
  • Sep 14, 2020 10:29pm Sep 14, 2020 10:29pm
Quoting VM.
{quote} There is a vote today, as part of second reading, as to whether to move it to committee stage. It will pass almost surely and is not a big thing (battles will be fought at the third reading stage), but markets still may be moved by vote results. You will likely have a big headline, and not many people understand how UK parliament work (including MPs sometimes ). In terms of timeline, third reading and final vote in Commons likely next week, then Lords either next week, or week after next.
this was the best answer
feel free to invite me to your forum, if you have any
  • #548,193
  • Sep 14, 2020 10:36pm Sep 14, 2020 10:36pm
Quoting Bones
{quote} it's bearish under the daily I pointed ,just saying bullish diagonal 2 could be best case, that fits that view. I think 3 is on its way regardless ,it could go as high as 13200 before 3 but I'm not seeing it on daily ,it would be high against the weekly. wave 4 broke the rules ,confirmed by Coreg ,or is very close to the mark. daily not convincing weekly open is very important , {image}
Lets see. My bullish target is 1.30-1.32. after that it can move down again.
  • #548,194
  • Sep 14, 2020 10:43pm Sep 14, 2020 10:43pm
Quoting Bones
{quote} it's bearish under the daily I pointed ,just saying bullish diagonal 2 could be best case, that fits that view. I think 3 is on its way regardless ,it could go as high as 13200 before 3 but I'm not seeing it on daily ,it would be high against the weekly. wave 4 broke the rules ,confirmed by Coreg ,or is very close to the mark. daily not convincing weekly open is very important , {image}
I know. Coreg mean to make A-B-C. Yes it also my scenario. But thanks for sharing
1) Wave 2 does not fall below the starting price of wave 1.
2) Wave 3 is not the shortest wave by price movement
when compared to wave 1 and wave 5.
3) Wave 4 does not overlap the range of wave 1.
  • #548,195
  • Sep 14, 2020 11:02pm Sep 14, 2020 11:02pm
kiwi closing in on last weeks gap?? 6721 ,could be worth building a shot short ??
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  • #548,196
  • Sep 15, 2020 12:37am Sep 15, 2020 12:37am
Quoting Bones
{quote} you can't recover a monthly thats high in the curve ,it's not the same at all
Thanks bones you have spoken so much sense in one word
  • #548,197
  • Sep 15, 2020 1:17am Sep 15, 2020 1:17am
Hello everyone.
Emotional Control. Process, not outcome.
  • #548,198
  • Sep 15, 2020 1:24am Sep 15, 2020 1:24am
high probability its a downtrend today
end of the month, u r already a winner
  • #548,199
  • Sep 15, 2020 1:29am Sep 15, 2020 1:29am
Quoting KiwiTrada
kiwi closing in on last weeks gap?? 6721 ,could be worth building a shot short ??
sold 13 pip sl !
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  • #548,200
  • Sep 15, 2020 1:32am Sep 15, 2020 1:32am
Quoting KiwiTrada
{quote} sold 13 pip sl !
aussie may help 1st rejection of resistance 73368
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