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Cable Update (GBPUSD)

Today is crazy!
naked trader
If this pans out it will suit me fine.
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Its Friday, guys, and nearing NY noon time, and volume will drop.
Usually, markets from now on will just consolidate in a 20-30 pip range until NY close, as there are no forces to commit to a direction.

Your only hope is that some BREXIT government official will tweet something that is to your benefit, before NY closes.
Careful not to get caught and have to hold over the weekend, and a tweet that is against your position happens over the weekend.

Good pips to you all and enjoy your weekend!
Quoting VM.
{quote} See updates here , 14:11 and 14:50. I think you are right, markets will take seriously a tweet from an obscure journalist citing an unknown source, but not BoJo. Tells you all you need to know about his credibility. But for once, Johnson means what he says: if EU does not change approach, no deal is on the cards.
Really has nothing to do with credibility. Market, or should I say the sharks, took the tweet that would fatten their purse. Whichever tweet would guarantee getting away with a 200 pip spike in the opposite direction of most retail and small players' money was sure the tweet to pay attention to.
Quoting Mitiblotch
{quote} Really has nothing to do with credibility. Market, or should I say the sharks, took the tweet that would fatten their purse. Whichever tweet would guarantee getting away with a 200 pip spike in the opposite direction of most retail and small players' money was sure the tweet to pay attention to.
I understand that.
It was a joke -- well, partly.
Recovery in process.
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Le$$ I$ More
2 possibilities in long term trading

Bullish on H4 timeframe
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Bearish on D1 timeframe
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hopefully useful and have a nice weekend
EW = Psychological Human Behavior
From what I see, looking at the smaller timeframe charts, I expect a very good spike to happen probably on Monday. At least 3000 area to be met. That 2860 will prove strong for a little more time so more up spikes.
The drop in the gu will come on monday
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don't try to tell the market where to go , let him tell you
Another rejection of 12940.
Quoting Coreg2004
{quote} Bones, I use timing only when the market is trending and the instrument has clear swings...I compare # of bars in the swings in the same direction (one set) and as a retracement (second set) then I look in this time zone expecting reversal when the price gets into the support/resistance zone. Let's say we got move to the upside which lasted 16 bars and during that time instrument made 12345/ABC pattern, so I am not going to go long after 2-3 bars down because the timing doesn't support it...if I miss the eventual move to the upside because...
Thanks ,are the ratios based on experience ,I noticed that Elliott software gave timed potential moves in amount of candles
I don't think I've ever noticed anyone else talking about time like you, maybe thats you're extra edge.
Internet + Demo = Expert
Quoting Bones
{quote} Thanks ,are the ratios based on experience ,I noticed that Elliott software gave timed potential moves in amount of candles
You use the same Fibonacci ratios for timing as you use for the price(retracements and extensions)...
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Always trade your own plan
Quoting MoneyZilla
{quote} This is NOTHING! I have done 45000 to 500! On a live account! And it takes a lot bigger balls... than yours!
he is only an idiot...poor demo trader
fuck Dump
Weekly line chart. I'll leave it open to interpretation.
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my way..
#wismilak
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ELLIOT FAN plz write a comment... 1 or 2?
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If we get back down to 1.2880's I see long to 1.3020 area. Either way after hitting the 1.3020's area we will be short from the 1.3020's area... All the way down to 1.2760's area... This will be the play for next week....
Quoting emannnn
ELLIOT FAN plz write a comment... 1 or 2? {image} {image}

Remember your B and 2 waves are normally 78.2 your A wave in the first pic should be where the lowest point is the B should be up there by the 2 the highest point... and the C is completing now IT WILL CONSIST OF 5 WAVES.... Overall tho by late winter spring of next year we will be back down near March 2020 low's.... 1.18620 will be the overall low ending the 5 waves..... MAJOR GLOBAL DEPRESSION ON THE HORIZON!!!!!
Quoting fixme1too
If we get back down to 1.2880's I see long to 1.3020 area. Either way after hitting the 1.3020's area we will be short from the 1.3020's area... All the way down to 1.2760's area... This will be the play for next week....
Although I’d like to see that happen I can’t see the GBP getting over 12960 with the current Brexit no deal threat.
Nothing happens without market rotation this rotation can be a continuation , a reversal or a correction or even part of a range

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Follow The Markets Structure - Patience and Discipline
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