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Cable Update (GBPUSD)

  • #444,961
  • Nov 3, 2016 10:51am Nov 3, 2016 10:51am
The movement really slow or it just my feeling?
USD pairs look annoying, I'm watching EU, GU, UJ the movement so slow.

So I switch to GBP/NZD, not bad down 70 pips
RSI below 50.
Attached Image (click to enlarge)
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Don't trust me. I'm still newbie
  • #444,962
  • Edited 11:10am Nov 3, 2016 10:57am | Edited 11:10am
tl taken I could extend red line thats where we stopped ,don't be afraid of upper wicks shown ,essentially looks like picking up steam to me at this point
always note d1 close ,nutshell don't sell/buy into a daily over 100 pips cable on the day
look to tommorow


Quoting Bones
this things trending D1 + below no doubt were in the original channel {image}
Attached Image(s) (click to enlarge)
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  • #444,963
  • Nov 3, 2016 10:59am Nov 3, 2016 10:59am
Quoting Toranaga
{quote} Wise words. Reading most of the stuff here the last days makes me think that only a bunch of newbies post here. OF course it was a long jump today. Because of the court ruling !! There is no clear direction at the moment. People who like to bet, have balls and enough $$ can make a living at these days, but all other, sit and wait and see what happens. imo.
Real talk broh, the court didn't stop brexit it only gave power back to Parliament to contest the hard brexit. As it is, the brexit weather is still on. Many traders think this is a new season of highs and higher highs for GU, oh daz crap, dollar is just having a flu at the moment and the king is coming back, if not this week, then next week ,king dollar is taking over. Drum rolls. Lol
  • #444,964
  • Nov 3, 2016 11:01am Nov 3, 2016 11:01am
theres a valuable lesson re that non discript long wick candle we can now see our own eyes where probability no longer rested with bears
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  • #444,965
  • Nov 3, 2016 11:04am Nov 3, 2016 11:04am
what happened after

Quoting Bones
yea that lows not trustworthy I've never heard or seen such a thing by so much {quote} {image}
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  • #444,966
  • Nov 3, 2016 11:09am Nov 3, 2016 11:09am
Quoting Bones
theres a valuable lesson re that non discript long wick candle we can now see our own eyes where probability no longer rested with bears
Dont understud it.

What did you meant ?
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  • #444,967
  • Edited 11:37am Nov 3, 2016 11:20am | Edited 11:37am
flash crash were not able to hold the wick was unusual as the day ,take notice
actually on the day I was omg this trend is over
it was over 1k thats never happened ever on cable
they later changed data to something more believable
Quoting Toranaga
{quote} Dont understud it. What did you meant ?
Attached Image (click to enlarge)
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  • #444,968
  • Nov 3, 2016 11:27am Nov 3, 2016 11:27am
Quoting Bones
theres a valuable lesson re that non discript long wick candle we can now see our own eyes where probability no longer rested with bears
Thanks for that! So we are actually at the flip area 1.245 where buyers and sellers are fighting to decide on the direction. Am I wrong?
  • #444,969
  • Nov 3, 2016 11:28am Nov 3, 2016 11:28am
Quoting Bones
flash crash were not able to hold the wick was unusual as the day ,take notice actually on the day I was omg this trend is over it was over 1k thats never happened ever on cable they later changed to something more believable {quote} {image}
A great observation and as usual brilliant analysis Bones
  • #444,970
  • Edited 11:58am Nov 3, 2016 11:47am | Edited 11:58am
yea I guess
for today probably consolidation to round off or up is my main point

Quoting Fadhl
{quote} Thanks for that! So we are actually at the flip area 1.245 where buyers and sellers are fighting to decide on the direction. Am I wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 37 KB
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  • #444,971
  • Nov 3, 2016 11:56am Nov 3, 2016 11:56am
what did it look like after last week
Wick V Tech bullish continuation in uptrend
Attached Image (click to enlarge)
Click to Enlarge Name: GBP (DFB).png Size: 36 KB
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  • #444,972
  • Nov 3, 2016 1:05pm Nov 3, 2016 1:05pm
very difficult for US to recover this week

Quoting Bones
its difficult for US to change this w1 ,spookily politics enter $'s world also 12360 is an important level {image} {image} {image}
Attached Image (click to enlarge)
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  • #444,973
  • Nov 3, 2016 1:16pm Nov 3, 2016 1:16pm
Quoting Bones
yea I guess for today probably consolidation to round off or up is my main point {quote} {image}
Sorry for being 'rude' but i think i dont care @now.

First you quotet me, then editet it, and now the post is for something else
aaaand who cares..

"Wick V Tech bullish continuation in uptrend "

There is a always uptrend till the downtrend comes, so what the heck.

Im a dumb ass that a ever asked.

imo.

I see GBP/USd sideways for a long long time from now,

and it only depends where you draw your 2 lines. What of course
depends on how big is your pocket and how big is the range.

There is now way of GBP recovering the next 6-12 Months.

Greets

Toranaga.
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  • #444,974
  • Nov 3, 2016 1:23pm Nov 3, 2016 1:23pm
no idea what you just said

Quoting Toranaga
{quote} Sorry for being 'rude' but i think i dont care @now. First you quotet me, then editet it, and now the post is for something else aaaand who cares.. "Wick V Tech bullish continuation in uptrend " There is a always uptrend till the downtrend comes, so what the heck. Im a dumb ass that a ever asked. imo. I see GBP/USd sideways for a long long time from now, and it only depends where you draw your 2 lines. What of course depends on how big is your pocket and how big is the range. There is now way of GBP recovering the next 6-12 Months. Greets...
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  • #444,975
  • Nov 3, 2016 1:24pm Nov 3, 2016 1:24pm
for £ ,no edit ok catch you guys later

Quoting Bones
dosent help cable at this point ,id still go forward thinking Carney has to tread carefully {quote} {image}
Attached Image (click to enlarge)
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  • #444,976
  • Nov 3, 2016 1:25pm Nov 3, 2016 1:25pm
Quoting hilmy83
this is my prediction for the rest of the day moves to 1.2460, sellers jump in (can't miss this new bear move wooo!) price close above 1.25 (...damn) price hovers 1.2490+/-10 pips ....
well did go down, but not hitting that magical 1.25

m*#Fcke$s always jacking me my profits...sigghhh.....
  • #444,977
  • Nov 3, 2016 1:31pm Nov 3, 2016 1:31pm
I'm the one posting charts ,post yours tell me what next ,I don't often alter the charts ,I might change odd words within the hour if thats what you mean when I think I haven't said it right ?
one thing I've learnt is choose words carefully round here if your the one posting something of substance
like an outlook with a chart further than the end of your nose
im not calling end of trend also I haven't said that

Quoting Toranaga
{quote} Sorry for being 'rude' but i think i dont care @now. First you quotet me, then editet it, and now the post is for something else aaaand who cares.. "Wick V Tech bullish continuation in uptrend " There is a always uptrend till the downtrend comes, so what the heck. Im a dumb ass that a ever asked. imo. I see GBP/USd sideways for a long long time from now, and it only depends where you draw your 2 lines. What of course depends on how big is your pocket and how big is the range. There is now way of GBP recovering the next 6-12 Months. Greets...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #444,978
  • Nov 3, 2016 1:47pm Nov 3, 2016 1:47pm
I would disagree with that tho
There is now way of GBP recovering the next 6-12 Months.

Inflation will drive gbp up for retrace before we go much lower I could see history repeat itself
Brexit will happen but much events prior will soften EU imo
Europes not popular with the people generally France is high EU risk


Quoting Bones
what happened after {quote}
Attached Image
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  • #444,979
  • Nov 3, 2016 1:48pm Nov 3, 2016 1:48pm
Quoting Rag2RichesFX
{quote} Awaiting that huge breakout to fill the lack of liquidity (flash crash) through 1.25-1.28 area Happened with Brexit and it will happen again. GJ rallied 1450 pips after Brexit, nearly a 50% retracement of the Brexit move (before continuing trend)
In progress.
Please, try and fade this. I'll take all your money.
Be hopeful in a winning position, and fearful in a losing position.
  • #444,980
  • Nov 3, 2016 2:02pm Nov 3, 2016 2:02pm
Quoting elbert3
Omg all gone a bit mad had a few yesterday lost 2 won 1 at this time it's long 2226 sl is tight this morning on this one as in a early morning meeting . Target 2675 E out have a good day
As above and more close the gaps
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