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Cable Update (GBPUSD)

  • #595,261
  • May 14, 2021 3:12pm May 14, 2021 3:12pm
Quoting BeeTogether
{quote} really? It’s looking like a similar situation to what we had last Friday with the bullish trend.
Not saying what anyone should trade...I think USDx will go up...possibly for a long time...but the more people will be selling it, the better...the sooner it will happen then.
Everyone can see the chart, but only a few can actually read it.
  • #595,262
  • May 14, 2021 3:14pm May 14, 2021 3:14pm
Quoting trumps
{quote} Yep could do, I have another level at 3953 shown on my chart waiting for a touch. Stocks are flying though and I'm not willing to turn a blind eye to the bearish aspects of the $ chart {image}
That trend line will break sooner rather than later, I think. With the huge inflation in the US, FED will have to start talking about rate increase and tapering...they won't do anything soon, but they will definitely be talking about it, because if the inflation continues to go up, it would have catastrophic consequences for the country.
Everyone can see the chart, but only a few can actually read it.
  • #595,263
  • May 14, 2021 3:14pm May 14, 2021 3:14pm
Quoting OnlineAddict
{quote} Not saying what anyone should trade...I think USDx will go up...possibly for a long time...but the more people will be selling it, the better...the sooner it will happen then.
Do you have some technical/fundamental reasons for this. I have my levels marked out but very much going day by day.
  • #595,264
  • May 14, 2021 3:16pm May 14, 2021 3:16pm
Quoting mysterio
{quote} Do you have some technical/fundamental reasons for this. I have my levels marked out but very much going day by day.
Above post.
Everyone can see the chart, but only a few can actually read it.
  • #595,265
  • May 14, 2021 3:17pm May 14, 2021 3:17pm
Quoting BeeTogether
{quote} really? It’s looking like a similar situation to what we had last Friday with the bullish trend.
It's the weekly bullish Hammer fail that gives clues
Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLARWeekly.png Size: 21 KB
Compulsions can be hard to resist
  • #595,266
  • May 14, 2021 3:17pm May 14, 2021 3:17pm
Quoting W0lfram
{quote} Except you. Nope. You started to talk in a mentoring tone about one candle pattern and I agreed that we can call it a shooting star. But dark cloud is two candle pattern. Then you said that two patterns cannot exist at the same time. Pure genius. You found on the Internet a schematic illustration of it, but is was not a complete set of what this pattern may looks like. In real life, the patterns do not have to look exactly like in the search results 'Some formula' is the rules by which the pattern is determined. Simple as that. You failed...
dark cloud is two candle thats why it matters your wrong ,honestly I'm dealing with a imbecile
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-14 at 21.02.53.png Size: 464 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #595,267
  • May 14, 2021 3:19pm May 14, 2021 3:19pm
Quoting OnlineAddict
{quote} Above post.
I'm with you in general but can turn on a dime. I believe it was a retrace today on dxy as US10Y yields are making a very bullish formation and the daily demand level we hit surely has more oomph than we've seen. The more time they oscillate on that level the bigger the rocket will be.
  • #595,268
  • May 14, 2021 3:19pm May 14, 2021 3:19pm
Quoting trumps
{quote} Yep could do, I have another level at 3953 shown on my chart waiting for a touch.
I am waiting for 3870...then I will re-evaluate.
Everyone can see the chart, but only a few can actually read it.
  • #595,269
  • May 14, 2021 3:24pm May 14, 2021 3:24pm
Yes GU stays H4 down.But H1 didnt turn down yet.I was in long of oil.It s up also H1.Im affraid to stay for night, i went out.On monday we will see.No long no short for me.
  • #595,270
  • May 14, 2021 3:25pm May 14, 2021 3:25pm
Quoting OnlineAddict
{quote} That trend line will break sooner rather than later, I think. With the huge inflation in the US, FED will have to start talking about rate increase and tapering...they won't do anything soon, but they will definitely be talking about it, because if the inflation continues to go up, it would have catastrophic consequences for the country.
Will have to wait and see.
The Fed have been very clear on their intentions and reasons.
The media is flooding our ears with what they say the Fed will do in the face of the current inflation (I'm seeing the same media patterns I saw with the Taper Tantrums of 2013).

I believe none of it until the Fed does it.

Until then, It makes more sense to me to go with the flow
Compulsions can be hard to resist
  • #595,271
  • May 14, 2021 3:35pm May 14, 2021 3:35pm
The reason behind the bull today, hedge funds added numerous longs
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20210515_020301.jpg Size: 718 KB
  • #595,272
  • May 14, 2021 3:49pm May 14, 2021 3:49pm
Hedge fonds i dont know.Look chart H1 and H4. All is up H1 gold,oil,GU ,eu.Somewhere it ends.And they go down.
  • #595,273
  • May 14, 2021 3:57pm May 14, 2021 3:57pm
Quoting OnlineAddict
{quote} Not saying what anyone should trade...I think USDx will go up...possibly for a long time...but the more people will be selling it, the better...the sooner it will happen then.
retail is buying usd still.

Quoting AlfieSolomon
The reason behind the bull today, hedge funds added numerous longs {image}
and retail added numerous sorts

i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know
Attached Images
offering my system to copy trade. check my link
  • #595,274
  • May 14, 2021 4:04pm May 14, 2021 4:04pm
All i can say.No short now H1,when i see sign i will go short H1.Do not short now.some up is poosible.it didnt reverse.
  • #595,275
  • May 14, 2021 4:08pm May 14, 2021 4:08pm
Quoting nikosk0
{quote} retail is buying usd still. {quote} and retail added numerous sorts i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know {image} {image} {image} {image}
That might be interesting. There are certain tools that we could use but I need to know details. Get in touch with a pm and will see from there.
My observation may be wrong but intent correct. Stay calm!
  • #595,276
  • May 14, 2021 4:10pm May 14, 2021 4:10pm
Quoting nikosk0
{quote} retail is buying usd still. {quote} and retail added numerous sorts i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know {image} {image} {image} {image}
It's always useful to see the actual data isn't it
Compulsions can be hard to resist
  • #595,277
  • Edited 4:52pm May 14, 2021 4:19pm | Edited 4:52pm
Quoting nAVIN2007
{quote} Your fib is the wrong way round, its obviously not retrace 61.8 that way up
thank you for your attention
...and 38.2 retrace that way???

"my point"
I like to have "100" on the top and "0" on the bottom.., but sometime I draw "upside down".., doesn't matter
because it's doesn't change anything,
(as I use...) all the levels (between "0"and "100"):
9&91,
14.6&85.4
23.6&76.4
38.2&61,8
are symmetrical with respect to 50
I do draw fib for several reasons and we could discuss it if you could tell me your point of view
if you are not interested,no problem,
thank you anyway



P.S. I have received already same notice from

Quoting Headland
{quote} Your fibs are upside down lol - you start at 100 and go to zero when plotting them - so actually it's 76.4% (no practical difference I know as 100-76.4% is 23.6%.) but just for accuracy's sake.
we are talking about only replacement of numbers (levels?)??
my apology if my "fib drawings" are so glaring to your eyes
sorry
dolce vita
  • #595,278
  • May 14, 2021 4:20pm May 14, 2021 4:20pm
Quoting nikosk0
{quote} retail is buying usd still. {quote} and retail added numerous sorts i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know {image} {image} {image} {image}
I'm working on it....but better lines then hystogram ...my indicator will plot mean value
  • #595,279
  • Edited 7:14pm May 14, 2021 6:50pm | Edited 7:14pm
its not a miss but flatlining at record highs
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-15 at 00.46.45.png Size: 207 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #595,280
  • Edited 2:33am May 15, 2021 1:58am | Edited 2:33am
Quoting Bones
{quote} dark cloud is two candle thats why it matters your wrong ,honestly I'm dealing with a imbecile {image}
As I said, logic has more weight than a 'experienced' noname with pictures. Make more collages.

Please, read one more time, braindead 2007 guy.
Quote
schematic illustration of it, but is was not a complete set of what this pattern may looks like. In real life, the patterns do not have to look exactly like in the search results
Air force
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