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Cable Update (GBPUSD)

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  • Post #553,741
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  • Oct 16, 2020 11:58am Oct 16, 2020 11:58am
  •  Roszey
  • Joined Nov 2013 | Status: Busy | 1,396 Posts
Recovery in process.
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Le$$ I$ More
 
7
  • Post #553,742
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  • Oct 16, 2020 12:00pm Oct 16, 2020 12:00pm
  •  Arief-
  • | Commercial Member | Joined Jan 2020 | 407 Posts
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
 
3
  • Post #553,743
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  • Oct 16, 2020 12:01pm Oct 16, 2020 12:01pm
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 8,101 Posts | Online Now
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.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
 
  • Post #553,744
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  • Edited 12:23pm Oct 16, 2020 12:05pm | Edited 12:23pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 23,970 Posts
The drop in the gu will come on monday
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1
  • Post #553,745
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  • Oct 16, 2020 12:43pm Oct 16, 2020 12:43pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,664 Posts
Another rejection of 12940.
 
 
  • Post #553,746
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  • Oct 16, 2020 12:49pm Oct 16, 2020 12:49pm
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,742 Posts | Online Now
Quoting Coreg2004
Disliked
{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...
Ignored
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.
#doyourownanalysisordietryin
 
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  • Post #553,747
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  • Edited 1:04pm Oct 16, 2020 12:53pm | Edited 1:04pm
  •  Coreg2004
  • Joined Oct 2009 | Status: Member | 3,100 Posts | Online Now
Quoting Bones
Disliked
{quote} Thanks ,are the ratios based on experience ,I noticed that Elliott software gave timed potential moves in amount of candles
Ignored
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...I don't provide trading signals.
 
2
  • Post #553,748
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  • Oct 16, 2020 1:07pm Oct 16, 2020 1:07pm
  •  thevisitor
  • Joined Sep 2019 | Status: Member | 1,657 Posts
Quoting MoneyZilla
Disliked
{quote} This is NOTHING! I have done 45000 to 500! On a live account! And it takes a lot bigger balls... than yours!
Ignored
he is only an idiot...poor demo trader
 
 
  • Post #553,749
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  • Oct 16, 2020 1:07pm Oct 16, 2020 1:07pm
  •  shahab8b
  • Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
Weekly line chart. I'll leave it open to interpretation.
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  • Post #553,750
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  • Oct 16, 2020 1:08pm Oct 16, 2020 1:08pm
  •  odi44
  • | Joined May 2020 | Status: Member | 11 Posts
my way..
#wismilak
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  • Post #553,751
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  • Oct 16, 2020 1:13pm Oct 16, 2020 1:13pm
  •  emannnn
  • | Joined Jun 2020 | Status: Member | 98 Posts
ELLIOT FAN plz write a comment... 1 or 2?
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  • Post #553,752
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  • Oct 16, 2020 1:15pm Oct 16, 2020 1:15pm
  •  fixme1too
  • | Joined Apr 2006 | Status: Senior Member | 1,257 Posts
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....
 
1
  • Post #553,753
  • Quote
  • Oct 16, 2020 1:26pm Oct 16, 2020 1:26pm
  •  fixme1too
  • | Joined Apr 2006 | Status: Senior Member | 1,257 Posts
Quoting emannnn
Disliked
ELLIOT FAN plz write a comment... 1 or 2? {image} {image}
Ignored

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!!!!!
 
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  • Post #553,754
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  • Oct 16, 2020 1:48pm Oct 16, 2020 1:48pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,664 Posts
Quoting fixme1too
Disliked
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....
Ignored
Although I’d like to see that happen I can’t see the GBP getting over 12960 with the current Brexit no deal threat.
 
2
  • Post #553,755
  • Quote
  • Oct 16, 2020 2:01pm Oct 16, 2020 2:01pm
  •  pipfarm
  • Joined Oct 2010 | Status: Member | 3,799 Posts | Online Now
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
 
 
  • Post #553,756
  • Quote
  • Oct 16, 2020 2:06pm Oct 16, 2020 2:06pm
  •  morfes2
  • | Commercial Member | Joined Jul 2015 | 383 Posts
Quoting morfes2
Disliked
{quote} https://youtu.be/tQvSEMaDmHc
Ignored
Inserted Video
 
 
  • Post #553,757
  • Quote
  • Oct 16, 2020 2:12pm Oct 16, 2020 2:12pm
  •  afevir
  • Joined Feb 2019 | Status: Member | 1,413 Posts
I think it goes up until Monday afternoon, hour London
Confucius: the man who broke the mountain was the same man who started ...
 
 
  • Post #553,758
  • Quote
  • Oct 16, 2020 2:16pm Oct 16, 2020 2:16pm
  •  afevir
  • Joined Feb 2019 | Status: Member | 1,413 Posts
Confucius: the man who broke the mountain was the same man who started ...
 
 
  • Post #553,759
  • Quote
  • Oct 16, 2020 2:22pm Oct 16, 2020 2:22pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 23,970 Posts
this was a day that i can be waived on
2 huge unsuspected move that only the big ,oney earn from them , and the rest was boring .
for next week i predict that gu will drop
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1
  • Post #553,760
  • Quote
  • Oct 16, 2020 2:25pm Oct 16, 2020 2:25pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,664 Posts
Quoting Moty
Disliked
this was a day that i can be waived on 2 huge unsuspected move that only the big ,oney earn from them , and the rest was boring . for next week i predict that gu will drop {image} {image}
Ignored
I think you could be right but will depend on any Brexit news
 
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