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Cable Update (GBPUSD)

  • #423,501
  • Feb 6, 2016 12:51am Feb 6, 2016 12:51am
continue for target limit areas directly before turmoil & decision. break or not break.Take care as pressure still for down & can be enough also the correction up if not trend change. fontu.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #423,502
  • Feb 6, 2016 3:35am Feb 6, 2016 3:35am
A note about a shift in price action... The market may have a bit more of a struggle working higher over the next couple weeks. The initial bounce back from extremely oversold was easy for the market to make, but bulls will have to start fighting their way through some real resistance now.

We don't exactly have a weekly uptrend confirmed yet...

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"Don't fear a bubble until it starts to burst."
  • #423,503
  • Edited 4:48am Feb 6, 2016 4:31am | Edited 4:48am
Quoting elbert3
{quote} {image}lol that was the post lolthis has been a great week , we have some good charts from some newcomers li1970, dean some great results, dark was in there ,bones with his clean charts ,meanvel, he is out new spammer ,, ps ,, he does not like lines shhh , dont tell him, but he has a lot to offer,,regards ,, kubiasty good call , well done, and all the others , sorry if i let myself down , i removed the post,,it was un gentlemanly of me , the leson of the day goes to seosamh Biggest lesson I've learned over the last few weeks is don't...
U know Billy, fx seems to teach so much about who we are and what makes us tick, but when you embark on that Journey you would never imagine.
How many people walk away, how many people give up, but all said and done E, your still here still trading and successfully so well done for that.

Ah yes ok the new spammer well see if he goes the distance
Have a feeling he will lol ..
  • #423,504
  • Feb 6, 2016 4:53am Feb 6, 2016 4:53am
Quoting meanvel
Here is my market analysis for next week... It's quite simple. Everyone is going to pull themselves back together after a couple nights rest after that jobs report shocker and be ready to try to start bidding up the GU again. Daily trend is up... We may or may not reach area 1 in the bracket on Monday/Tuesday before the market starts to try to push toward area 2. {image}
One must get real data from the market and see where the crowd is heading. You don't have to assume if you have access to relevant data. When you do, you will understand what I'm trying to convey.

There was a sentiment change on 2nd Feb, hence a spike. Then it was changed to opposite on 4th and we see a dip.
We have to check it again by Monday, if sentiment change to opposite we can see a spike, otherwise it will trend down further.

I know, you wouldn't believe me. Nobody will give a damn about what I say. And I feel really stupid by posting these nonsense here.

Quote
There was once a time people thought that Earth was flat. When someone said it's a sphere, they lol & asked, if it is a sphere, why wouldn't people at the bottom fell off.
... I'm not crazy, just Paranoid ...
  • #423,505
  • Edited 5:11am Feb 6, 2016 5:00am | Edited 5:11am
Quoting dean1star
{quote}Ah yes ok the new spammer well see if he goes the distance Have a feeling he will lol ..
You know, the only reason I started trading currency was because the volatility in the /ES went dead this summer. (S&P Futures)

The /ES is about 2x easier to trade than currency... The currency market is frigging crazy. The wild spikes and surges in the market make it much harder to keep your emotions under control than stock futures. The variability in the price action in the different currency markets, and even on different days is massive.

Plus, there is the factor that the stock market is much easier to predict as it's just speculative, and everything that majorly influences investors and traders is in the financial news, headlines, and fed/ecb/etc meetings. I mean, besides the natural ebb and flow of human emotion driving the market. Price to price feedbacks.

If you can trade currency successfully, you can trade anything... You can quote me on that.
"Don't fear a bubble until it starts to burst."
  • #423,506
  • Edited 5:55am Feb 6, 2016 5:06am | Edited 5:55am
Everyone has different opinions and different ideas which they trade based upon. Nobody is perfectly correct, but many people have a solid enough thesis and understanding of the market to make money.

The differing opinions and beliefs are what make a market... I personally believe candlestick patterns are tea leaves. That is why my candlestick bodies only plot the change in the median of the price range, and why I commonly use statistical techniques like counting bars for how long to hold a trade. One of the main things that is influencing the emotions of short term traders holding positions and driving their decisions is the change in price they are experiencing over time. They are a big factor even in the currency market in driving the price to price feedbacks which shape short term patterns...

Regulators and academics have talked about the problem with ETF's. Exchange traded funds are synchronizing investor behavior. All stocks are starting to trade in sync in the same patterns as everyone just trades ETF's nowadays... Amplification of herd behavior is occurring. This is not speculation, this can be statistically proven due to the massive correlation increases.

Quoting Charith
{quote}I know, you wouldn't believe me. Nobody will give a damn about what I say. And I feel really stupid by posting these nonsense here. {quote}
"Don't fear a bubble until it starts to burst."
  • #423,507
  • Feb 6, 2016 6:02am Feb 6, 2016 6:02am
If I know anything about these forums ,its your going to be right Hussin , I hope your able to be able to post more in the future again


Quoting hussin naiji
{quote}hi dear all hi Tony Brent crude sinks 5% Dow drops 250 points as US crude plunges 5% hi to bear CADYEN a bearish doji pattern (daily)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,508
  • Feb 6, 2016 6:04am Feb 6, 2016 6:04am
Quoting meanvel
Here is my market analysis for next week... It's quite simple. Everyone is going to pull themselves back together after a couple nights rest after that jobs report shocker and be ready to try to start bidding up the GU again. Daily trend is up... We may or may not reach area 1 in the bracket on Monday/Tuesday before the market starts to try to push toward area 2. {image}
spot on there Amigo,
Come with me if you want to live....
  • #423,509
  • Feb 6, 2016 6:08am Feb 6, 2016 6:08am
Quoting meanvel
{quote} You know, the only reason I started trading currency was because the volatility in the /ES went dead this summer. (S&P Futures) The /ES is about 2x easier to trade than currency... The currency market is frigging crazy. The wild spikes and surges in the market make it much harder to keep your emotions under control than stock futures. The variability in the price action in the different currency markets, and even on different days is massive. Plus, there is the factor that the stock market is much easier to predict as it's just speculative,...
Logical and makes perfect sense to me at least. Interesting Journey you have going on there.
If i even tried to look at stocks or the S & P i would be totally lost. OK FX might offer some understanding,
I quote something i learned when i was younger that still holds true today - that is if anyone is interested.

This guys walks into the shop says to the owner/shop keeper can i interest you in any of these postcards or printing stationary.
This guy does not appear stressed - looks so happy and feels so comfortable. Outside afterwards my Dad said to the guy - but you did not get a sell or indeed he did not Buy from you. The guy says its a numbers game and it doesnt matter as i know that if i do every one then at the end of each month no matter what is said i will reach my targeted goal. Holds true to me.
  • #423,510
  • Feb 6, 2016 6:09am Feb 6, 2016 6:09am
Quoting meanvel
A note about a shift in price action... The market may have a bit more of a struggle working higher over the next couple weeks. The initial bounce back from extremely oversold was easy for the market to make, but bulls will have to start fighting their way through some real resistance now. We don't exactly have a weekly uptrend confirmed yet... {image}
I think a close next week above 4516 is on the cards for a move to 4785
Come with me if you want to live....
  • #423,511
  • Feb 6, 2016 6:37am Feb 6, 2016 6:37am
poss longer term set up cable ,but monthly would need to give heads up,to keep long term range
has to trade over 14736 ,and not go lower than the low ,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,512
  • Feb 6, 2016 7:10am Feb 6, 2016 7:10am
I am Bearish on GBPUSD next week...
  • #423,513
  • Feb 6, 2016 7:11am Feb 6, 2016 7:11am
thats a 700 pip wick to the upside ,already broke
its rare for the chart ,I understand the connection to oil ,but in my mind it will go lower,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,514
  • Feb 6, 2016 8:03am Feb 6, 2016 8:03am
My view of the market
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persistence and determination alone are omnipotent
  • #423,515
  • Feb 6, 2016 8:25am Feb 6, 2016 8:25am
im working on the principle $ will weaken medium term

Quoting Bones
you can see the $ is sold off hard already monthly is engulf , {quote} {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,516
  • Feb 6, 2016 8:26am Feb 6, 2016 8:26am
Quoting Bones
poss longer term set up cable ,but monthly would need to give heads up,to keep long term range has to trade over 14736 ,and not go lower than the low , {image}

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The world you desire can be won. It exists.. it is real.. it is possible..
  • #423,517
  • Edited 9:42am Feb 6, 2016 8:56am | Edited 9:42am
Hi Scott
whats your view eur cad ,any patterns


Quoting Mr. Scott
{quote} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 eur USD (DFB).png Size: 37 KB
Click to Enlarge Name: 1 CAD (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,518
  • Feb 6, 2016 9:01am Feb 6, 2016 9:01am
Quoting Bones
Hi Scott whats your view eur cad ,any patterns {quote} {image} {image}
Hey Bones,

Think I posted a couple CAD in my thread. Here is large Eurcad.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #423,519
  • Feb 6, 2016 9:06am Feb 6, 2016 9:06am
Quoting Bones
Hi Scott whats your view eur cad ,any patterns {quote} {image} {image}

Whoops didn't even notice that little thing you did there the first time, posted this one in my thread the other day, but no one reads that drivel anyway.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #423,520
  • Feb 6, 2016 9:11am Feb 6, 2016 9:11am
lol ,I do just not the best structural pattern spotter ,Cad is a tricky thing thats for sure maybe that monthly just catching my eye too much


Quoting Mr. Scott
{quote} Whoops didn't even notice that little thing you did there the first time, posted this one in my thread the other day, but no one reads that drivel anyway. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
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