Cable Update (GBPUSD)

Means gap up or gap down Sunday evening??

all apart from D

have a good weekend all, outta here

thank you!!!
You made my day. Wish you all the best!!!

closed all orders bcos of last week gap i m afraid to leave trades open during weekend... going to sleep......
happy weekend

hmm to slow .. i dont care im closed with -5 pips.. no more OP .. near market close.. dont wanna caugh on wrong side of the gap at monday market open.. to scary .. im out..

have a nice weekend all.. see u on monday

Hey Gang,

"Top of the Afternoon" to you...
Well we knew a "fall" was in the works & it did.

One thing with trading is, (as you know, i don't need to tell you), -it's about re-adjusting yourself,
to what the Market is telling you. -Not changing your positions, Long or Short due to Fear
or Insecurity, -but rather from what you truly see it's truly trying to tell you.

I spent some time trying to fit the Monthly into the Weekly, into the Daily, into the 4 hr.
There's alot to this, -(again, as you know). What i had believed i saw, was the 'Whole Shooting Match',
needed a retracement, and that it was begging for it. But still that Daily Chart had two distinct black bars,
as Wave-1, (One Really, but both Vertical), and then a Solid Run of three white bars on the Daily. -A Wave-3.

On the 4hr chart that "Top" was "Capped", by throwing a 1.1618 onto the Wave-4, (again), -on the 4hr Chart.
So we went down & it was end of Wave-5.

My problem taking a deeper retracement now, is it hasn't done it. -As well as the External Fib Projections,
for "NORTH", were NEVER Really "HiT" on the Daily & Weekly Charts. So for me, what the Market Shows me is we Stopped,
-NOT at a 23.6 but a 38.2 & even deeper- for a 127.2, (below the 38_2). *This because the wave set wasn't finished.
(It hit a 38_2 on a Wave-3, DOWN of "C" -down), Then it Tanked further, because it was NOT ENOUGH on that Wave Set...
Again, it went down to the 38.2% Retracement of what a Wave-3 goes, off of the "D", Daily Chart.

All that said, my Bias is now LONG,
After the Retracement has finished here. Even "if" i'm off-base, a Wave-B may still head "North" for a bit here.
You be the Judge, they "Poo Poo" Brexit here, they could invalidate things w/a couple keystrokes.
But technically, i would wager, due to the Monthly & Weekly & Daily, there's still potential left for NORTH.
"You Make the Sports Call".
My best guys, -Sift thru it yourself, of course. (I say that for those that need to look at their own charts & decide their own actions)
Have a Great Wk'd,
Check how the Ext Fib's get hit,

Jeff out...

reduced all adr by 10 pips

Ah I know what you mean, it is an app called "Iris", it regulates the color of your monitor to remove blue light and better adjust brightness and protect your eyes, there are lots of presets and manual calibration too.

Here:

http://iristech.co/


Used to be free. But you can find it for "Free" at that bay.

Alternatively, you can get those glasses here, I use them too:

https://www.amazon.com/Over-Light-Bl...322182&sr=8-10

https://www.amazon.com/Uvex-Blocking...8322283&sr=8-1

W/e Summary

Mthly, still looking more rangy - bullish than anything with 2 x HL's (2074 & 2675) and what will become a fractal H when it prints with an upside breech of the multi year falling wedge top. 85% of 3mth amr covered so far this mth.

Wkly candle will very likely close bullishly and this t/f remains in a general fractal uptrend with 5 x HL's now - last being 3134. 145% of the 13 week awr covered this week.

Dly Looking at the dly candle which closes in less than 2hrs, fair to assume it will close bearishly - only question is whether it will be bearishly engulfing of the previous (thursday's dly candle) or not. 99.5% of 30 day adr covered on friday. The t/f remains in a general fractal uptrend.

4hr remains in a general fractal uptrend too.

It remains all about the brexit trade deal (or not) and could well be moved by any reaction to a U.s stimulus, as well as the scheduled, and any unscheduled event risks in the run in to the Xmas break. Another factor discussed earlier in the thread is the potential for thin liquidity (and erratic moves as a possible result) as the main trading centres wind down for xmas/n.year although this may not be as other years re the two known main fundie/macro themes at play and mentioned above, nearing conclusions ?

I think the technicals 4hr+ belie the fundamentals right now, ie although it appears a bullish scenario/bias re the uptrends 4hr + there is potentially a very big downside mover on the horizon in the shape of a no deal brexit. £ reacted favourably to the news last w/e of the talks extension but the mood music again turned more negative on Thursday with Johnson again warning that a no-deal is more likely at this stage and Barnier/Von der Layen echoing some of his rhetoric and tone. £ has clearly positioned itself for a deal and has not sold off too violently (from 3624 yrly hi) on Thursday's latest update.

Have a good w/e all.

wkly below.

flux do the same and it's free
https://justgetflux.com/

Took a small long for the weekend on 1.3505, im expecting further move north to at least 1.37
I dont think they’ll announce the outcome of deal no deal during the weekend

Not as good as Iris, though. Flux is very very limited in customization.

So I got home an hour ago and was reviewing the day, there were a couple more trading opportunities I can see unfolded, annotated the chart.

Daily chart looks like it is completing an upthrust of the important resistance again ( upthrusted a couple of days ago, but not very "textbook" in appearance, and did not follow through, we would expect price going down and taking out the previous swing low). If price closes below resistance, there is a good chance of a deep retracement in the next days.

I saw a couple of shorting opportunities and then a couple of buying opportunities at yesterday low again:

Nanny P,

Gonna bend & cave w/the Turkey Gobbler, Mitch McConnel...
6pm news Conference. (I don't care who's side you're on).

I just wanna know if Mnuchin is gonna roll the printing presses,
and get some Ducket$ out & printed, inflating & thereby 'weakening' the worth of 'said', Dollar.
-But that won't happen 'till 6pm.
We shall see...
For those interested:

In my mind, A, B and C are near certainties.

micro account...so thats basically $2

ok , that enough for today .
all out !!!
not the profit i counted on , but i can live with that , money it's money

Good Job, I missed my SM shorts at 3620 and 3614, you saw that post =)

hope this help....

lol - what go on?!!!! nice close.