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Cable Update (GBPUSD)

  • #442,061
  • Oct 2, 2016 4:20pm Oct 2, 2016 4:20pm
Quoting Ill-b-back
daily pretty clear? {image}
Is the trend line going to hold or is the support going to hold ? It's not just trend line that moves the market
  • #442,062
  • Oct 2, 2016 4:31pm Oct 2, 2016 4:31pm
its going to be a question of the open holding or the great tl and now gap
Attached Image (click to enlarge)
Click to Enlarge Name: h6 gbp USD (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,063
  • Oct 2, 2016 4:45pm Oct 2, 2016 4:45pm
Quoting Don96
{quote} Is the trend line going to hold or is the support going to hold ? It's not just trend line that moves the market
Prime spot for long, without 1.296x being beaten it's set up for higher... I can't remember the number of top of head right now I'm not at charts, I've posted it somewhere, below 1.286 does still have bull target...


I posted either side a while back, they are both still valid... 1.26 and 1.41/1.39
  • #442,064
  • Oct 2, 2016 4:49pm Oct 2, 2016 4:49pm
Quoting Don96
{quote} Is the trend line going to hold or is the support going to hold ? It's not just trend line that moves the market
Hi Don,
I understand what you are saying.
Looking at daily consolidation at the TL for the last 2 weeks, then the open break of it today along with my higher TF structural analysis, I would say the support will not hold.

If you're asking me WILL the TL hold?

Without my crystal ball, I really can't tell for certain.

It's just an opinion and as they say, everyone has one

I'm sure you understand...lol...

Just jokes..
Come with me if you want to live....
  • #442,065
  • Oct 2, 2016 4:53pm Oct 2, 2016 4:53pm
long weekend here,

breakfast is done,

enjoy your day
Come with me if you want to live....
  • #442,066
  • Oct 2, 2016 4:56pm Oct 2, 2016 4:56pm
Quoting Ill-b-back
{quote} Hi Don, I understand what you are saying. Looking at daily consolidation at the TL for the last 2 weeks, then the open break of it today along with my higher TF structural analysis, I would say the support will not hold. If you're asking me WILL the TL hold? Without my crystal ball, I really can't tell for certain. It's just an opinion and as they say, everyone has one I'm sure you understand...lol... Just jokes..
Yeah of course I understand, I don't really use trend lines so good to have different insight, just without thay trend line on the chart I see different, if it doesn't hold then 1 of my positions will be wrong
  • #442,067
  • Oct 2, 2016 6:22pm Oct 2, 2016 6:22pm
Quoting Don96
{quote} Yeah of course I understand, I don't really use trend lines so good to have different insight, just without thay trend line on the chart I see different, if it doesn't hold then 1 of my positions will be wrong

Just me, I don't see my long setup to be invalidated yet.. Good luck..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #442,068
  • Oct 2, 2016 7:01pm Oct 2, 2016 7:01pm
trading is about buy and sell...

see the trend and make the call...

there is no wrong or shitty call...

in the end of the journey you will see a lesson...as Theresa May has said that "Queen's Speech which will overturn the act which took the UK into the EU. It will remove the European Communities Act from the statute book and end the supremacy of EU law. The government will also enshrine all existing EU law into British law and anything deemed unnecessary will be abolished later. Her pledge comes as the Conservatives gather for their annual conference. The repeal of the 1972 Act will not take effect until the UK leaves the EU under the process for quitting the bloc known as Article 50."

good morning from here...

drink your coffee... and make the call...
  • #442,069
  • Oct 2, 2016 7:15pm Oct 2, 2016 7:15pm
Quoting kk300
playing with the high of tue & wed. if not break than 2915 is inevitable...
Open is very cool.
  • #442,070
  • Edited Oct 3, 2016 12:36am Oct 2, 2016 8:36pm | Edited Oct 3, 2016 12:36am
well he used lots of big words in his post guess we should be happy
he has a Yacht coming December don't you know
looking at the picture he may be busy finding a parking space

not to mention changing to being a team member after being I'm long or short guy all this time
right here on the thread from so many PM requests
easy 500 pips a month "trading's not rocket science" apparently

only other thing he could do is dry dock it next to Lamborghini until he's finished helping out

I can wait for the reason I'm so wrong with my point of view obviously its a vast and complex question why UK voted leave
after all I'm only one of the 15 million votes to leave in England
can't speak for everyone
Quoting ruma29
{quote} If you can say to someone something like that then that means you know more then that person. What makes you so confident and knowledgeable on that particular matter?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,071
  • Edited 10:49pm Oct 2, 2016 10:33pm | Edited 10:49pm
Clearly I'm wildly out on the nations pulse
Boris was stabbed but he's still high up there
end of the day actually Theresa is the better man

Quoting Bones
Im not political at all ,apathy is high UK ,but certainly its now brought to my attention whats happened ,the vote I'm feeling confident will be leave and Boris will become PM the best man to hammer a future deals {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,073
  • Oct 3, 2016 12:24am Oct 3, 2016 12:24am
Quoting honda250nsr
Hidden
Yeah, we'll just clean that shite up...
Come with me if you want to live....
  • #442,074
  • Oct 3, 2016 12:30am Oct 3, 2016 12:30am
Quoting Don96
{quote} Yeah of course I understand, I don't really use trend lines so good to have different insight, just without thay trend line on the chart I see different, if it doesn't hold then 1 of my positions will be wrong
Yeah, I still got a valid harmonic if you use them. All the best Don
Come with me if you want to live....
  • #442,075
  • Oct 3, 2016 12:43am Oct 3, 2016 12:43am
Look like this week the news almost same at 1st week of September. Going up more than 200 pips.. hmmm... good luck to all... have a nice trade and more pips collect..
  • #442,076
  • Oct 3, 2016 1:08am Oct 3, 2016 1:08am
Hi,
There is a Gap down today. How do you see it during the day and onward?
  • #442,077
  • Oct 3, 2016 1:35am Oct 3, 2016 1:35am
Quoting 4xxxx4
Hi, There is a Gap down today. How do you see it during the day and onward?
Great question. Market makers will handle it.
  • #442,078
  • Oct 3, 2016 1:37am Oct 3, 2016 1:37am
Quoting 4xxxx4
Hi, There is a Gap down today. How do you see it during the day and onward?
Most probably it is going to be filled today!!
ie is Market will move upward at least to that extent.
  • #442,079
  • Oct 3, 2016 2:02am Oct 3, 2016 2:02am
Well if only people calling for 1.286 stuck to their guns eh
  • #442,080
  • Oct 3, 2016 2:03am Oct 3, 2016 2:03am
freefall today. Already below daily S2 with London open.
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