Cable Update (GBPUSD)

I'M NOT DONE yet..cause i'm a greedy fool

Yep, sentiment swings of human economics by humans not robots from cybertron. For every pip move on ur chart there is a socioeconomic reason for it. The chart is simply a measurement tool for how far those decision or sentiment (as you call it) goes.

Very Impressive indeed,Good luck hilmy83,

If BOE's monetary policy is in favor of the pound, dont expect gbp/usd to reverse until 1.26500 +/- area. Charts currently show a huge spike potential.

how is everyone doing, how
is Nov so far ?

Yep, sentiment swings of human economics by humans not robots from cybertron. For every pip move on ur chart there is a socioeconomic reason for it. The chart is simply a measurement tool for how far those decision or sentiment (as you call it) goes.

Someone pls wake up king dollar, Lol, the bears are hungry!!!!! Grrrrrrrrrrr

Offer them TRUMP baboon.

And this is the report from 11.01. Please read it again if you are interested in the last action upside. Best L.

come go down

Thanks Tpak.

Green pips.

GBPUSD H4 ... SELL area ...

LATE MORNING REPORT

Don't know much about robots and such never had any reason to think of them.

I work off the currency market as being a zero sum market, a buyer needs a seller and a seller needs a buyer and there is no such thing as new money it just keeps changing hands for differing prices. ( I know this is not exactly accurate but it is near enough to be almost perfect.

Then I look to the chart to see where the money is distributed between bulls and bears. At some point they are both in balance, the equilibrium point. This is the most important point on the chart i.e. the 50% level which is not a Fib number. This is where the sentiment begins to swing in favor of one or the other. Generally we would expect the swing in the direction of the current trend but all trends end at some point. It should be noted that the 50% level is not always the fulcrum point of the swing, there are other points to consider also.

The point is we can plot the major move but we have little control over how it actually gets there, we just expect it to do so eventually.

If the price moves to peoples trend line was that because of some news event and why does it stop there. Channels may run for months, is this because the news is always bad or always good whatever the case may be. I don't think so.

We were talking yesterday about the support and resistance levels. I have them on this 30 min chart and you can clearly see that price needs a resistance to take out a support and it needs a support to take out a resistance. Where does news come into it? Then I have added a zoom so you can see where they originate from and how far away the next resistance is.

Good to see it rising

Looking for sells now

Nice article sir

With the bad US data, that could be a bad call to sell

where are the sellers... ???

AND where are the BUYERS ???

i think sellers are waiting on 1.25, news should push it there.