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Cable Update (GBPUSD)

  • #549,161
  • Sep 19, 2020 8:12am Sep 19, 2020 8:12am
Small chance we take liquidity again, but looks overall bullish to me.
  • #549,164
  • Sep 19, 2020 8:34am Sep 19, 2020 8:34am
[quote=holaralph78;13173799][quote=holaralph78;13173798]
Quoting Roszey
{quote} Trust me you don’t wanna know [/quot. SO FAR YOU DON'T KNOW THE MEANING OF THE ABBREVIATIONS. HERE IS THE MEANING BROV. ( GO FUCK YOUR SELF ) LOL....... SO BROV DONT TRY TO USE ABBREVIATIONS OF WHAT YOU DONT KNOW THE MEANING OF
Do you know how to use the keyboard?
PLs respect the Og's here like Akim , rozey not only them but u should at least think a little before saying any shit that you dont know about.
I would like that u earn some respect here becouse no one called you here , you came here thinking that your Jesus for sure lol ...
Or you respect everybody or pls leave the forum , you dont bring nothing new
  • #549,165
  • Sep 19, 2020 8:53am Sep 19, 2020 8:53am
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  • #549,166
  • Edited 6:40pm Sep 19, 2020 9:56am | Edited 6:40pm
Ok looking at this both ways
I have drawn the only way I can get an uptrend channel, let's draw something credible.
You cannot adjust the local broken line to capture price ,your'e be doing that all day long. It's broke and can't be fixed.Uptrend idea is so risky because it's clearly fallen hard off top of the range.The chance of it going from there like before- highlighted in red - is very low ,which is why monthly will be a bearish in form without much doubt.

Thats an open, then drop of 500 pip candle bulls are up against (T REX candle) which confirmed the last & wiped out 5 other uptrend candle lows.
It's not the same, while market makes it look the same.
To be bullish it will need to spend time there imo ,that pivot really is pivotal.Break upward will probably fail near term.
To go up it would need another month, channel idea =sidestep next.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,167
  • Sep 19, 2020 10:36am Sep 19, 2020 10:36am
Hey all
My D view
I think price will go down a little more, but i would like to see some good penetration in 1.28850 in lower Tf to go to 1.28000 , around there price can rebounce but im not sure of course

I have as W sup : 1.27630 , i dont think price will retrace much more than that if it goes lower than 1.28...
Rest of good day
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  • #549,168
  • Sep 19, 2020 10:41am Sep 19, 2020 10:41am
Quoting HBN08
Hey all My D view I think price will go down a little more, but i would like to see some good penetration in 1.28850 in lower Tf to go to 1.28000 , around there price can rebounce but im not sure of course I have as W sup : 1.27630 , i dont think price will retrace much more than that if it goes lower than 1.28... Rest of good day {image}
yes, price is bearish, likely to go down more on monday.

Good short trade can be expected from London open.
Intraday only.
  • #549,169
  • Sep 19, 2020 10:41am Sep 19, 2020 10:41am
Quoting Bones
Ok looking at this both ways I have drawn the only way I can get an uptrend channel.You cannot adjust the local broken line to capture price ,your'e be doing that all day long. It's broke and can't be fixed.Uptrend idea is so risky because it's clearly fallen hard off top of the range. The chance of it going from there like before- highlighted in red - is very low ,which is why monthly will be a bearish in form without much doubt. Thats an open, then drop of 500 pip candle bulls are up against (T REX candle) which confirmed the last & wiped out...
possible a last option may work for bull / correction up try further , otherwise as long as 1.3514 hold likely test 1.2358/2075 areas before any leg up/ towards 3514 again. !signal 1.2812 present now for further down. as your chart 2539 may bounce try next.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #549,170
  • Sep 19, 2020 10:51am Sep 19, 2020 10:51am
Quoting navk
{quote} yes, price is bearish, likely to go down more on monday. Good short trade can be expected from London open.
Yes Agree
I think thuesday we get the lows for a rebounce in wednesday...but ofc this is just my idea
Take care.
  • #549,171
  • Sep 19, 2020 11:05am Sep 19, 2020 11:05am
Quoting Bones
Ok looking at this both ways I have drawn the only way I can get an uptrend channel, let's draw something credible. You cannot adjust the local broken line to capture price ,your'e be doing that all day long. It's broke and can't be fixed.Uptrend idea is so risky because it's clearly fallen hard off top of the range.The chance of it going from there like before- highlighted in red - is very low ,which is why monthly will be a bearish in form without much doubt. Thats an open, then drop of 500 pip candle bulls are up against (T REX candle) which...
From my point of view on the monthly chart is quite clear bulls are going to take control. Watching at the weekly chart and looking for a channel, this is the
one to watch out. March data are just a spike caused by pandemic/lockdown/panic and it can be seen on the monthly.
I expect price to go down to the upper of the violet zones and in the weeks to come a very beautiful and long rally.

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  • #549,172
  • Sep 19, 2020 11:14am Sep 19, 2020 11:14am
Quoting Moty
the ultimate proof that there is crooks in the market . they use the interest announcement to drop price over 100 pips , and then release a news in favor of the Brexit to spike it over 100 pips. in the end , price came back to square 1. not only that , they made a inverted h&s , and then dropped price again a lot of traders have a 1:100 leverage in their account , and some use their full margin, and 100 pips move is a blowing account move {image}
Hi Moty,
you have got nice trades there, and probably had more experience than me in terms of no.of trading days, but let me offer a different perspective from a price action point of view. Purely my own view.

Price action and patterns are mere possibilities. Studies have shown SHS are 75% accurate, flags 70% etc etc...are still only possibilities.
May not happen. Patterns sometimes morph. I can bring up a text-book case about AUDCAD Daily chart if you are interested.

GBPUSD. In the event that GU does go up above 1.30 next week, it is still valid as a inverted SHS.
But studies also show that inverted SHS is MORE accurate if it is at the END OF A DOWNTREND, rather than in the middle of a uptrend. But still a possibility.
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But if you look at it from another way, on GBPUSD 4hr or Daily, it looks as if GU is form a possible Bearish flag?
Patterns have higher possibilities on a higher timeframe.
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GBPJPY, price broke below 135.40 before reversing up.
The possibilities are more towards price breaking below 135.40, as GJ was forming a bearish rectangle.
https://www.babypips.com/learn/forex/rectangles
Here's an example from Babypips, followed by your own GJ chart, where I drew a rectangle in there.
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And since you are starting to using Elliot wave or Wyckoff waves etc, one of the popular notion is that at the 4th wave or end part whatever, price is always a messy consolidation and THEN there is a burst to climate before change of trend.
I am not proficient in wave count. I only look for the messy consolidation that is a possible 4th wave or end wave.
The rectangle looks like a 4th wave to me.
But look, after the reversal up, GJ fell again. So possibly the rectangle is not a 4 wave.

Attached Image



MOTY, your own charts you had also drawn a lot of arrows showing possibilities.

I use a lot of the words ""possibilities"", ""possible"" , ""maybe"", because that is what I think trading is.

If the possibilities are currently not good enough, or you are not too sure, you can:
1. Wait til set up is good
2. Avoid GU for and trade other pairs for time being.
3. Place smaller trade on GU if hands are itchy to trade.

I am not really good at trading.
The above is just my own view.
Happy Weekend to you
  • #549,173
  • Sep 19, 2020 11:14am Sep 19, 2020 11:14am
Quoting L.m
{quote} From my point of view on the monthly chart is quite clear bulls are going to take control. Watching at the weekly chart and looking for a channel, this is the one to watch out. March data are just a spike caused by pandemic/lockdown/panic and it can be seen on the monthly. I expect price to go down to the upper of the violet zones and in the weeks to come a very beautiful and long rally. {image}
yea if it goes lower, the mountain gets taller,I mean in the next few weeks ,
the weekly star is off the major tl on your chart ,not worried about that for uptrend. ?considering it confirmed with 500 pips no buyers.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,174
  • Sep 19, 2020 11:28am Sep 19, 2020 11:28am
Quoting holaralph78
Good day people, yesterday some traders on ff said EPZERO never posted a chart. After that I went into ff archives to dig these out. Some also said he is not a trader at all. As for me Am a neutral person but I LOVE TRUTH. AS I SAID EARLIER HERE SOME OF THE INFOS I FILTER OUT. THERE ARE MORE TO COME...... I AS WELL SAW WHERE I MADE AN ACCURATE CALL BUT PEOPLE NEVER BELIEVE HIM BASE ON THEIR OWN STRATEGY AND SYSTEMS THEY ARE USE TO. What I realized is that most of us don't always agree when we are not on the same page of daily endeavors. Base on...
LOL, why do you even bother answering them, i gave a sell call since 2nd of the month and we are over 500pips or more down, so far the market is only 160pips from the low of the month, and for everyday it bought last week it also sold, so it's pointless arguing with people that don't post or say anything meaningful to the thread, like i will always say, if anything i have posted went against me, then come out and say it, but if you can't then hide yourself in shame because only losers get angry when they see others progressing.
  • #549,175
  • Sep 19, 2020 11:32am Sep 19, 2020 11:32am
how far are you willing to let that monthly go off a major pivot and major tl and still think it's an uptrend ?thats for people with numbers lower than todays low
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,176
  • Sep 19, 2020 11:38am Sep 19, 2020 11:38am
Quoting epzero
{quote} I can be many things but not someone who brags, people get angry when they buy and the market doesn't goes their way, likewise those who sells and the market goes for a buy, posting chart doesn't prove anything to anyone, if you tell the entire world you made money and you didn't, in the end you will be fooling yourself, i am here to help people by giving them reasons why the market should buy or sell. If you don't like anything i say, you can ignore me and post your idea, it is that simple, Akim before you,was JayBag and i'm glad he gave...
Has your system returned tens of millions of dollars
  • #549,177
  • Sep 19, 2020 11:44am Sep 19, 2020 11:44am
Quoting godlike
{quote} Has your system returned tens of millions of dollars
it brings me money, if you have a system focus on yours okay. i am sharing here so anyone interested can follow so if your not interested kindly mind your business or click the ignore. You make millions of dollars and your still here asking stupid questions.
  • #549,178
  • Sep 19, 2020 11:58am Sep 19, 2020 11:58am
Quoting Bones
{quote} yea if it goes lower, the mountain gets taller,I mean in the next few weeks , the weekly star is off the major tl on your chart ,not worried about that for uptrend. ?considering it confirmed with 500 pips no buyers.
I know why my analysis is not your prime choice. We come from a decade bearish mkt, the weekly star looks scary etc. But I see signs of a change. I'm not surprised by bearish signals and I don't want to undervalue them, I'm ready to say I was wrong to read the bullish inversion of the long term trend but the recent drop seems just manupulation at the moment. I refer to the speed, not to the fall itself because I expected the price to drop to 1.28 at least after a 1200 pips rally.

Looking at fundamentals, I still don't think the UK Parliament will vote the bill as was initially intended by Johnson. There are too many pressures upon that, not only from Europe but from the USA as well. And then we have the Fed.
But I may be proved wrong in just 2 days from now.
  • #549,179
  • Sep 19, 2020 12:13pm Sep 19, 2020 12:13pm
Quoting epzero
{quote} it brings me money, if you have a system focus on yours okay. i am sharing here so anyone interested can follow so if your not interested kindly mind your business or click the ignore. You make millions of dollars and your still here asking stupid questions.
Lol it's not a stupid and question, and I'm still quite a newbie but don't worry I'll get them millons too

You're comparing your system with Akim's, and the years you guys have spent trading is almost the same according to your posts. So I'm just helping you make the comparison.
For your system to beat Akim's own it must have better than this
godlike pinpoint entries lol
Over 90% accuracy
Made you millions of dollars over your years of trading

Akim's system has all over the above, anyone who has gone through his thread thoroughly can easily vouch for this. No

Lol if your system has better than that, we hope to see it

Don't forget you're the one who made the mistake of comparing systems.

By the way, just because something isn't conceivable to you doesn't mean it's impossible, hope you'll remember this
  • #549,180
  • Sep 19, 2020 12:23pm Sep 19, 2020 12:23pm
omg its not over yet, who’s winner???
own systems own money
you don’t have to siblings others
quiet your mind, no fish in the lake quiet your mind
do you’re work.
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