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Cable Update (GBPUSD)

  • #555,881
  • Oct 30, 2020 2:50pm Oct 30, 2020 2:50pm
Happy Friday Gang,
Instead of Checking-In & Dealing w/nonsense, of both
my own trade call's, discussions, news feeds, potential- "Well this is the Bias
this Morning & Such"; -I decided to put my head down & work.

I Just-stared at the charts, and only my indicators.
-for about a full 45 min's to hr w/Frankfurt & London w/o "Entering a Trade."
It was nothing other than the Market & Me & some indicators for a Good 45 min's
to an hr. I about shorted right away, -Because that was MY own Bias. -Wrong,
Glad i didn't. Instead, i took the Clues & Went "North w/GBP_JPY", -all the time,
Monitoring 'Cable for Softness / Strength. Good Day- 6% w/a U.S. account. I'll take it today.
My Best Gang,
Have a Great Wk'd,

Jeff P.S. Chart is just there- No Trade Calls at all Just the Pound & Pound/Jappy together.
Attached Image (click to enlarge)
Click to Enlarge Name: 10_30_2020 Friday London Open_62 Pips GBP_JPY.png Size: 71 KB
I will work to Objectively Identify my Edges
  • #555,882
  • Oct 30, 2020 2:56pm Oct 30, 2020 2:56pm
My Own Friday Celebration,
-As most of my buddies over in London are
Finishing Dinner, or at the Pub, or "Etc."...

My best gang,
NOTE: This kid can SING-

Inserted Video
I will work to Objectively Identify my Edges
  • #555,883
  • Oct 30, 2020 3:00pm Oct 30, 2020 3:00pm
Quoting gatenio
{quote} same as GU on Weekly & Monthly showing the same? not the neckline yet. always when I take a look very high tf I get dizzy and cold feet LOL - {image}
I don't think the patterns on GU and SPX are similar per se. On daily, I see that TL and a pivot level @ 1.2870-1.29. It looks like if it breaks below that it will open up a massive move to the downside. On weekly, there was a W pattern, a re-test of the neckline of the W pattern, and now we see an M pattern. And not surprisingly, we are looking at the same pivot level. So my conclusion is that it may not look like super bearish atm, but that can change very rapidly with a daily/weekly close below that pivot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 10305.PNG Size: 114 KB
Click to Enlarge Name: GU 1030u.PNG Size: 123 KB
  • #555,884
  • Oct 30, 2020 3:03pm Oct 30, 2020 3:03pm
this down trend worth at least double bottom at 1.28800
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 22 KB
Click to Enlarge Name: gu2.png Size: 45 KB
yes yes yes
  • #555,885
  • Oct 30, 2020 3:39pm Oct 30, 2020 3:39pm
Quoting Moty
this down trend worth at least double bottom at 1.28800 {image} {image}
OK. But, break of the channel up?
  • #555,886
  • Oct 30, 2020 3:50pm Oct 30, 2020 3:50pm
Quoting Moty
{quote} i made a mistake today , price got above 200 sma bands and waited an hour and a half for me to switched to long , but i didn't {image} yewsterday{image}
Mistake is long or short?
  • #555,887
  • Oct 30, 2020 3:51pm Oct 30, 2020 3:51pm
Quoting Tim_isoara
{quote} OK. But, break of the channel up?
need to see series of hh and hl
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 46 KB
yes yes yes
  • #555,888
  • Oct 30, 2020 3:54pm Oct 30, 2020 3:54pm
Quoting Moty
{quote} need to see series of hh and hl {image}
Off. I must to wait till monday?
  • #555,889
  • Oct 30, 2020 4:04pm Oct 30, 2020 4:04pm
Quoting Tim_isoara
{quote} Off. I must to wait till monday?
Hi,

I am not sure what made me check your profile, but I must admit that your country is very interesting and it's part of my list of places to visit. Feels good to meet you here .. I just hope this second covid wave don't affect traveling.

Enjoy your weekend
  • #555,890
  • Oct 30, 2020 4:14pm Oct 30, 2020 4:14pm
Quoting JayBag
{quote} Hi, I am not sure what made me check your profile, but I must admit that your country is very interesting and it's part of my list of places to visit. Feels good to meet you here .. I just hope this second covid wave don't affect traveling. Enjoy your weekend
  • #555,891
  • Oct 30, 2020 4:37pm Oct 30, 2020 4:37pm
Quoting Moty
this down trend worth at least double bottom at 1.28800 {image} {image}
Here is another view on daily. Might break 3170 this time.

Monday + start of the month, could spike it up a bit.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 177 KB
Everyone can see the chart, but only a few can actually read it.
  • #555,892
  • Edited 7:22pm Oct 30, 2020 5:01pm | Edited 7:22pm
if we rewind time 2 weeks this was my complimentary harmonics outlook it's defiantly following it
the fact it did keep to it only adds confidence ,I mean if Sunday its in the box how would you put all that into words, while showing your reasoning.

Anyhow it's not going higher than the high unless you think the dow will go further this year
deal or no deal.
thats how I still read the cable monthly today.
I'm going to squeeze this chart into my -blooming hell thats a good one- file, especially if it pans out to target with harmonics to boot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2020-10-30 at 21.58.20.png Size: 429 KB
Click to Enlarge Name: Screenshot 2020-10-30 at 21.38.41.png Size: 168 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,893
  • Oct 30, 2020 5:21pm Oct 30, 2020 5:21pm
Quoting BeeTogether
Not going to end my long trade. Was tempted to pull out at b/e or at a small loss. Although I have a feeling it will go upto 1300 area on Monday. Will have a s/l set to my profits from this week
good plan ,not much going on
I don't suppose a new monthly open on a Sunday means much
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,894
  • Oct 30, 2020 5:27pm Oct 30, 2020 5:27pm
Quoting Bones
if we rewind time 2 weeks this was my complimentary harmonics outlook it's defiantly following it the fact it did keep to it only adds confidence , anyhow it's not going higher than the high unless you think the dow will go further this year deal or no deal. thats how I still read the cable monthly today. {image} {image}
1.2350 for me
  • #555,895
  • Oct 30, 2020 5:29pm Oct 30, 2020 5:29pm
Quoting thevisitor
GU D1 {image}
valid.
Schönes Wochenende
  • #555,896
  • Oct 30, 2020 5:32pm Oct 30, 2020 5:32pm
Quoting Moty
{quote} need to see series of hh and hl {image}
you can see that on the daily ,
none of the dailies could break the other after the big blue.
Attached Image (click to enlarge)
Click to Enlarge Name: 16 GBPUSD-Daily.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,897
  • Oct 30, 2020 5:41pm Oct 30, 2020 5:41pm
Quoting thevisitor
{quote} 1.2350 for me
I think the next wave is more like a 3 ,and this is the start.
theres a massive engulf off res in place and a doji next.
not sure if I mentioned it before.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,898
  • Oct 30, 2020 5:46pm Oct 30, 2020 5:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: 17 GBPUSD-Monthly.png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,899
  • Oct 30, 2020 7:03pm Oct 30, 2020 7:03pm
Scenario A did happen ...

Marginally missed projected high by 22 pips
Marginally missed projected low by 18 pips
Marginally missed projected close by 40 pips

Bones do not need to disagree on this.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20201029-174537~2.png Size: 179 KB
Data + Stat + Risk/Emotions Management
  • #555,900
  • Oct 30, 2020 7:19pm Oct 30, 2020 7:19pm
Quoting Georginson
Scenario A did happen ... Marginally missed projected high by 22 pips Marginally missed projected low by 18 pips Marginally missed projected close by 40 pips Bones do not need to disagree on this. {image}
nov is 13270?
On-site guru & also FF member's' psychiatrist, when not drinking tea
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