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Cable Update (GBPUSD)

  • #553,741
  • Oct 16, 2020 10:58am Oct 16, 2020 10:58am
Recovery in process.
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Le$$ I$ More
  • #553,742
  • Oct 16, 2020 11:00am Oct 16, 2020 11:00am
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
  • #553,743
  • Oct 16, 2020 11:01am Oct 16, 2020 11:01am
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.
  • #553,744
  • Edited 11:23am Oct 16, 2020 11:05am | Edited 11:23am
The drop in the gu will come on monday
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yes yes yes
  • #553,745
  • Oct 16, 2020 11:43am Oct 16, 2020 11:43am
Another rejection of 12940.
Insane in the Brain..
  • #553,746
  • Oct 16, 2020 11:49am Oct 16, 2020 11:49am
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.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #553,747
  • Edited 12:04pm Oct 16, 2020 11:53am | Edited 12:04pm
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...I don't provide trading signals.
  • #553,748
  • Oct 16, 2020 12:07pm Oct 16, 2020 12:07pm
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
  • #553,749
  • Oct 16, 2020 12:07pm Oct 16, 2020 12:07pm
Weekly line chart. I'll leave it open to interpretation.
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  • #553,750
  • Oct 16, 2020 12:08pm Oct 16, 2020 12:08pm
my way..
#wismilak
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  • #553,751
  • Oct 16, 2020 12:13pm Oct 16, 2020 12:13pm
ELLIOT FAN plz write a comment... 1 or 2?
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  • #553,752
  • Oct 16, 2020 12:15pm Oct 16, 2020 12:15pm
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....
  • #553,753
  • Oct 16, 2020 12:26pm Oct 16, 2020 12:26pm
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!!!!!
  • #553,754
  • Oct 16, 2020 12:48pm Oct 16, 2020 12:48pm
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.
Insane in the Brain..
  • #553,755
  • Oct 16, 2020 1:01pm Oct 16, 2020 1:01pm
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
  • #553,756
  • Oct 16, 2020 1:06pm Oct 16, 2020 1:06pm
Quoting morfes2
{quote} https://youtu.be/tQvSEMaDmHc
Inserted Video
  • #553,757
  • Oct 16, 2020 1:12pm Oct 16, 2020 1:12pm
I think it goes up until Monday afternoon, hour London
Confucius: the man who broke the mountain was the same man who started ...
  • #553,758
  • Oct 16, 2020 1:16pm Oct 16, 2020 1:16pm
Confucius: the man who broke the mountain was the same man who started ...
  • #553,759
  • Oct 16, 2020 1:22pm Oct 16, 2020 1:22pm
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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yes yes yes
  • #553,760
  • Oct 16, 2020 1:25pm Oct 16, 2020 1:25pm
Quoting Moty
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}
I think you could be right but will depend on any Brexit news
Insane in the Brain..
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