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Cable Update (GBPUSD)

  • #552,321
  • Oct 10, 2020 6:25am Oct 10, 2020 6:25am
It's will never be a good deal with EU if there's a deal
So stand by watching GBP hit the ground next 50 days
  • #552,322
  • Oct 10, 2020 6:26am Oct 10, 2020 6:26am
Quoting Zircon
{quote} H B, buying is better now, i see the comment of hussin of bearish stick sandwich, there is no such name in candlestick patt, bullish one yes you can found it and it completed in weekly chart now. i think hussin want to say bullish stick san rather then bearish? pound is ready to test that star.? maybe.

4H charts looks like we have a bullish break. But it looks fake for me.
I believe it will be a good chance to SELL with tight Stop Loss and over 1000 Points Take Profit.
I'm going to SELL as soon as markets are open again.
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The trend lines you see on my charts, are created using Neural Networks
  • #552,323
  • Oct 10, 2020 6:40am Oct 10, 2020 6:40am
Quoting moty
{quote} me too . I was up 2500 $ from start of september , and the last week i lost 500 $ but i will buy this all scenario again

well said to you i am not about money . Something else you can pm me
  • #552,324
  • Oct 10, 2020 6:43am Oct 10, 2020 6:43am
I play the game 24 hrs even though i am house maker which tough as a house maker
  • #552,325
  • Oct 10, 2020 6:59am Oct 10, 2020 6:59am
Quoting Moty
{quote} me too . i was up 2500 $ from start of September , and the last week i lost 500 $ but i will buy this all scenario again
Rather unfortunate, I lost $169.75 yesterday.
I withdrew $241.44 of my profit over the week leaving $203.19 in the account. I enjoyed some and saved the rest to replenish my account in case of any losses.
I'd have lost all that yesterday but thank God. I walked out of the market saving $33.44 to restore my capital next week.
  • #552,326
  • Oct 10, 2020 7:46am Oct 10, 2020 7:46am
Quoting xRedStaRx
{quote} TA doesn't work on the monthly level
But I only trade monthly
  • #552,327
  • Edited 8:32am Oct 10, 2020 7:57am | Edited 8:32am
Quoting Zircon
{quote} H B, buying is better now, i see the comment of hussin of bearish stick sandwich, there is no such name in candlestick patt, bullish one yes you can found it and it completed in weekly chart now. i think hussin want to say bullish stick san rather then bearish? pound is ready to test that star.? maybe.
Hi Z I don't know about the name ,I only know that was a potential repeat pattern which was exactly how I saw it becuse it was so late in the week.Start of the week I thought it could attempt the up .No news day on Friday apart from we got a surprise
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #552,328
  • Oct 10, 2020 8:02am Oct 10, 2020 8:02am
the weekly is not that big created by the Friday candle I would urge caution because of that consolidation and the the underside shooting star weekly look left I got wrong is right there.
Heres my graphic from last week which explains ,you need to see how it opens
say all Monday ,but could be reasonably clear earlier.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #552,329
  • Edited 8:38am Oct 10, 2020 8:15am | Edited 8:38am
the monthly is the most reliable tf you have in mt4 without any doubt,
But the monthly can also fail .Our cable monthly ended with a lower wick which indicated retrace at best to me.
or bearish delay.
I don't think we see a straight forward set up, with all that consolidation first standing in way.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #552,330
  • Oct 10, 2020 8:33am Oct 10, 2020 8:33am
Quoting morfes2
{quote} https://youtu.be/fGoB6cBch6c
Inserted Video
  • #552,331
  • Oct 10, 2020 8:40am Oct 10, 2020 8:40am
H4 TF ANALYSIS FOR NEXT WEEK
Price might drop as low as "S1".
Bulls will take it back up to "R1"
However, if price should fall below 1.3, then I wont be surprised if "S2" is tested.
Meanwhile by there is a high potential of price breaking the "R1" because the MACD has not finished forming.

I might be right or the opposite.
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  • #552,332
  • Oct 10, 2020 9:05am Oct 10, 2020 9:05am
Quoting Bones
the weekly is not that big created by the Friday candle I would urge caution because of that consolidation and the the underside shooting star weekly look left I got wrong is right there. Heres my graphic from last week which explains ,you need to see how it opens say all Monday ,but could be reasonably clear earlier. {image}
you are from uk and that is an graphic display of the pound related everything fundamental and politics and so on...right?
As i understood you are surprised how we can makes pound surge with all those mountains dangerous deviation and all those obstacles.. but it climbs?
here is what i see through your beauty chart.
you know a good bullish trend has a three support point , i generally make a choice on bearish candles supp point and try to find the second one till the two point found the third one , the trend surge after.
T1 has started and failed on major horizontal line you drawn 1.2775$.
the supp point 2 failed , we are waiting for another weekly support point found it (those where you commented problem, or No), green circles shows the reversals patterns we believe if it completed our guess are constructed it is buy i will buy for sure this is what we are thinking, and that is true.
See the T2 has accelerated and tested the T1 failed and gave a star and confirmed by long bearish body, so what is next ? the reversal , hussin say it bullish stick sandwich, what next testing the T2. and so on so on...., the same in the downtrend you can imagine how it works.
guess what ? no such uptrend nor downtrend , zero sum game only.
Attachment g
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If skills could be acquired by watching, every dog would be a butcher. Turk
  • #552,333
  • Oct 10, 2020 9:16am Oct 10, 2020 9:16am
Quoting PatienceFx
{quote} But I only trade monthly

that is slow to go
  • #552,334
  • Oct 10, 2020 9:22am Oct 10, 2020 9:22am
now i have to draw new lines next week
  • #552,335
  • Edited 10:08am Oct 10, 2020 9:28am | Edited 10:08am
Quoting Zircon
{quote} you are from uk and that is an graphic display of the pound related everything fundamental and politics and so on...right? As i understood you are surprised how we can makes pound surge with all those mountains dangerous deviation and all those obstacles.. but it climbs? here is what i see through your beauty chart. you know a good bullish trend has a three support point , i generally make a choice on bearish candles supp point and try to find the second one till the two point found the third one , the trend surge after. T1 has started and...
it is bullish sandwich, you should have commented ,I miss you
If I look with a critical eye now, the one we were looking at there were two candles prior, was the problem .Also thats bullish sandwich off a major number,
the other was under major...
only I know this level we are at is super important ,because thats were the shooting star failed to break.Also thats the start of evening star pattern & underside of former tl.
I'm suggesting before rolling out the bullish bunting you see the open ,
huge evening star trumps any sandwich retrace set up?
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #552,336
  • Oct 10, 2020 9:38am Oct 10, 2020 9:38am
shaven close has two meanings ,shaven into res is what I see without any open.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #552,337
  • Oct 10, 2020 9:38am Oct 10, 2020 9:38am
The right momentum for bullish next week.
  • #552,338
  • Oct 10, 2020 9:44am Oct 10, 2020 9:44am
Quoting Bones
{quote} it is bullish sandwich, you should have commented ,I miss you If I look with a critical eye now, the one we were looking at there were two candles prior, was the problem there. only I know this level we are at is super important ,because thats were the shooting star failed to break.Also thats the start of evening star pattern & underside of former tl. I'm suggesting before rolling out the bullish bunting you see the open , huge evening star trumps any sandwich retrace set up? {image}
I respect your understanding on candlesticks, Evening star is primary reversal signal, bullish stick sandwich is a secondary reversal pattern, and the range is a good money as you can see, now i am agree it gonna fail and come back to this t3 if it gives another primary reversal pattern it gonna break out higher for sure.
and this is the third support weekly point where the gunners wait for//.
if it fail the market is right , as they said .hehe
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #552,339
  • Oct 10, 2020 9:45am Oct 10, 2020 9:45am
Quoting Zircon
{quote} you are from uk and that is an graphic display of the pound related everything fundamental and politics and so on...right? As i understood you are surprised how we can makes pound surge with all those mountains dangerous deviation and all those obstacles.. but it climbs? here is what i see through your beauty chart. you know a good bullish trend has a three support point , i generally make a choice on bearish candles supp point and try to find the second one till the two point found the third one , the trend surge after. T1 has started and...
it's not in an uptrend ,of course its high from low youre be able to do that
time will tell
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #552,340
  • Oct 10, 2020 9:48am Oct 10, 2020 9:48am
Quoting Zircon
{quote} I respect your understanding on candlesticks, Evening star is primary reversal signal, bullish stick sandwich is a secondary reversal pattern, and the range is a good money as you can see, now i am agree it gonna fail and come back to this t3 if it gives another primary reversal pattern it gonna break out higher for sure. and this is the third support weekly point where the gunners wait for//. if it fail the market is right , as they said .hehe
I don't know without seeing it open,I'm conscious of a too strong bearish bias, when I think it's actually range this year.
It can go to the star-gap ,if it does that now, then its will tank like before.
I will take the highest leverage possible blind short at the gap, should it go now.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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