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Cable Update (GBPUSD)

  • #633,681
  • Oct 26, 2021 3:54pm Oct 26, 2021 3:54pm
price may go back to the bottom!
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  • #633,682
  • Oct 26, 2021 5:37pm Oct 26, 2021 5:37pm
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not euphoria follower
  • #633,683
  • Oct 26, 2021 6:44pm Oct 26, 2021 6:44pm
Quoting Robinhood1
long to 13846. A possibility to still bottom at 13753.
bottom 13751
POSTMASTER
  • #633,684
  • Oct 26, 2021 7:37pm Oct 26, 2021 7:37pm
Quoting Georginson
{quote} Careful mate, bearish momentum is gradually building and may crash when traders least expect it as far as price keeps staying below 1.3830. Today's candle looks like a typical reversal candle to summon full blown bears. {image}
Thanks for the reminder... one thing i would like to ask you that if you use a standard deviation on the price you calculate... for instance 50-60 pips deviation.
  • #633,685
  • Oct 26, 2021 7:41pm Oct 26, 2021 7:41pm
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yes yes yes
  • #633,686
  • Oct 26, 2021 8:18pm Oct 26, 2021 8:18pm
1.3780 - 1.3790 area
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #633,687
  • Oct 26, 2021 8:52pm Oct 26, 2021 8:52pm
Quoting palpite
I think the bulls fail the up movement. I want sell tomorrow. {image}
sell - 1.3768
Together we can be strongest
Vantage Return This Month: na
  • #633,688
  • Oct 26, 2021 8:55pm Oct 26, 2021 8:55pm
Morning Early bird gets the worm
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  • #633,689
  • Oct 26, 2021 8:58pm Oct 26, 2021 8:58pm
possible truncated wave 5 at the end of Leg A of ABC ? start of B leg ?

meanwhile baby shark dudududu on EG ehhh #upssssss
#MindTrading
not euphoria follower
  • #633,690
  • Oct 26, 2021 8:59pm Oct 26, 2021 8:59pm
Quoting kk300
{quote} Thanks for the reminder... one thing i would like to ask you that if you use a standard deviation on the price you calculate... for instance 50-60 pips deviation.
I don't fully understand this question but let me make a simple possible scenario below:

✓ Failure to break 1.3830 means 1.3700 is imminent considering minimum weekly range being 130 pips;
✓ in a case of 200 pips range for the week, 1.3630 will be attained this week if 1.3830 still remains unbroken.

Take Note of this week's candle has little or no lower shadow, 80% of times this happens, price still goes below the weekly open by 20 pips or more.

Also noteworthy that month ends in 3 more trade days, which means possible upper wick on this month candle cannot be ruled out.

Next possible Top is 1.3850 which will very likely provoke a sharp sell off if attained. A break of 1.3730 greatly reduces the chance of 1.3850.

I hope this explains it to an extent.
Data + Stat + Risk/Emotions Management
  • #633,691
  • Oct 26, 2021 9:05pm Oct 26, 2021 9:05pm
Quoting palpite
{quote} sell - 1.3768
Me also entry exactly on your marked sell
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #633,692
  • Oct 26, 2021 9:11pm Oct 26, 2021 9:11pm
Quoting iqyu5an
possible truncated wave 5 at the end of Leg A of ABC ? start of B leg ? meanwhile baby shark dudududu on EG ehhh #upssssss #MindTrading
Dreaming for 175 - 200 pips drop ( on 4 digit )

#TimeToSleep
not euphoria follower
  • #633,693
  • Edited 10:06pm Oct 26, 2021 9:55pm | Edited 10:06pm
Quoting candlesticks
{quote} My GBPUSD Analysis for Daily chart: See prior post for GBPUSD Weekly Chart Analysis {image}

For: Wednesday Oct 27, 2021 - GBPUSD Daily Chart Analysis

Fundamentals: USD Durable Goods Orders
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  • #633,694
  • Oct 26, 2021 10:04pm Oct 26, 2021 10:04pm
Quoting Georginson
{quote} I don't fully understand this question but let me make a simple possible scenario below: ✓ Failure to break 1.3830 means 1.3700 is imminent considering minimum weekly range being 130 pips; ✓ in a case of 200 pips range for the week, 1.3630 will be attained this week if 1.3830 still remains unbroken. Take Note of this week's candle has little or no lower shadow, 80% of times this happens, price still goes below the weekly open by 20 pips or more. Also noteworthy that month ends in 3 more trade days, which means possible...
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At present, the weekly high minus the weekly open is in the 40th percentile. The weekly open minus the weekly low is in the 4th percentile. The weekly range (high - low) is 88 pips in the 0 percentile.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #633,695
  • Oct 26, 2021 10:41pm Oct 26, 2021 10:41pm
Quoting kris89
{quote} Me also entry exactly on your marked sell
sl = 1.3780

target = MA100 chart H4
Together we can be strongest
Vantage Return This Month: na
  • #633,696
  • Oct 26, 2021 10:57pm Oct 26, 2021 10:57pm
GU currently hanging around on the pivot point. If it breaks 3833 then bullish bias will be clear OR 3720 breaks then bearish trend will continue. Although traders are looking for short but the pressure will likely make a U-turn. who knows!
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Try the simple and make it for you ~
  • #633,697
  • Oct 26, 2021 11:04pm Oct 26, 2021 11:04pm
I have shorted cable at 1.37700
  • #633,698
  • Oct 26, 2021 11:10pm Oct 26, 2021 11:10pm
On your mark, set, Gooo. Cable Analysis is here.
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  • #633,699
  • Oct 26, 2021 11:13pm Oct 26, 2021 11:13pm
In terms of my analysis there should be a regression to a means so cable momentum today possibly will be upwards, so my bias today will be to long cable generally.
  • #633,700
  • Oct 26, 2021 11:24pm Oct 26, 2021 11:24pm
So my thoughts are that cable will initially retrace 200 pips until it finds support and then move upwards again. This is an opinion, not fact so there is a 99.99 chance I am wrong.
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