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Cable Update (GBPUSD)

  • #445,101
  • Nov 5, 2016 1:02am Nov 5, 2016 1:02am
Quoting Nala66
I keep hearing all this stuff about shorts when clearly we can see we are attempting at least a 50% retracement here. {image}
Nice to see gap down to 2485 touch your line then carry on up 61% would be bril then down back to 50 % then 78% fib retrace after that I would be looking at 61% extensions . If in a perfect world that would be one hell of a trade plan . Regards E
  • #445,102
  • Nov 5, 2016 3:50am Nov 5, 2016 3:50am
Quoting Nala66
I keep hearing all this stuff about shorts when clearly we can see we are attempting at least a 50% retracement here. {image}
I've been away for a while but noticed on my IG account before that cable descended to 1.1207 on 7 October. Now the chart has been amended to show 1.18. What's happened?
  • #445,103
  • Nov 5, 2016 4:02am Nov 5, 2016 4:02am
Quoting traderblah
{quote} I've been away for a while but noticed on my IG account before that cable descended to 1.1207 on 7 October. Now the chart has been amended to show 1.18. What's happened?
Mine says 1.18218
  • #445,104
  • Nov 5, 2016 4:27am Nov 5, 2016 4:27am
Originally it showed 1.1207. This was the or nearly (7 pips) the 1.618 extension of the 2nd wave up Jan 2009 low to July 2014 high. So quite miffed that the chart has been changed. Was working on the scenario that a major wave 3 had terminated. The 3rd wave had its own 5 wave down so was looking for an ABC correction/ larger wave 4 up terminating at about 1.30 but first a 61.8% retracement.
  • #445,105
  • Nov 5, 2016 8:24am Nov 5, 2016 8:24am
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  • #445,106
  • Nov 5, 2016 11:02am Nov 5, 2016 11:02am
Quoting Bones
as always id say look to open ,but i could easy see this fail or at least near the low the open is important even now if it can not change {image}
I dont get it.

Could you please be so kind and explain me what did you mean ??
How to opt out annoying user signatures ??
  • #445,107
  • Edited 3:14pm Nov 5, 2016 2:43pm | Edited 3:14pm
Im not sure I can explain further Ill try
I see monthlies that failed outright in that space
Theres a bullish open last month should be noted as possible bear problem ,note March 2015 candle that failed outright also had bullish open
I'm making the point the bullish candle last month stopped exactly off the low of 'high candle top' that failed outright theres a bearish open this month duly noted

Look to the W1 open because often first moves gives head up for the week ,I can note the weekly posted is Doji cross then bearish shaven close long candle
If the next candle opened bearish /bullish shaven on Monday could be weekly heads up but bias before open would be USD Bear
the high on the weekly is unlikely to break next week ,even with an election especially if weekly breaks straight off Monday
W1 math last 4 candle is a bearish outside through 2 ,outside often retrace
after such a candle as last week clearly seen 2 times prior on the w1 chart
price moved lower
The previous 2 times did not have a powerful top candle

to be that Trump wins ?

Quoting Toranaga
{quote} I dont get it. Could you please be so kind and explain me what did you mean ??
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,108
  • Nov 5, 2016 4:16pm Nov 5, 2016 4:16pm
Candle stick analysis, this is not S/R or TL analysis.
Could not find anything for daily on this one.


1h
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4h
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  • #445,109
  • Nov 5, 2016 4:18pm Nov 5, 2016 4:18pm
usd lfx w1
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,110
  • Nov 5, 2016 9:24pm Nov 5, 2016 9:24pm
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  • #445,111
  • Nov 5, 2016 10:19pm Nov 5, 2016 10:19pm
Quoting Bones
usd lfx w1 {image}
What about explanation for this chart? I believe that I am not only one illiterate to read this chart

BTW, what was excuse for UK court to change peoples will to leave EUZ? what was comment on it by rest of EUZ?
  • #445,112
  • Edited 1:29am Nov 6, 2016 12:49am | Edited 1:29am
Last week was very offensive not that unexpected though , and so next few weeks should play bulls covering the present month or so before a crush likely but target remains fixed for 1.2621 & next vulnerable 1.2794 & even can test near impossible try 1.2915 .Take care ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #445,113
  • Nov 6, 2016 3:17am Nov 6, 2016 3:17am
I think that whether or not the pair even continues to the upside will depend on the US election results next week.
  • #445,114
  • Nov 6, 2016 3:50am Nov 6, 2016 3:50am
Perspective raising it can only be.

Inserted Video
  • #445,115
  • Edited 5:14am Nov 6, 2016 4:32am | Edited 5:14am
here ,
http://www.forexfactory.com/showthre...51#post9237551

but i put the words on the chart


I done the chart so it would be easier to visualise
you can see the last 4 candles = bearish outside candle with upper wick, with a bit of space though 2 ?

Theres no vote not to leave ,UK will leave only could be parliament get their nose in

Quoting ruma29
{quote} What about explanation for this chart? I believe that I am not only one illiterate to read this chart BTW, what was excuse for UK court to change peoples will to leave EUZ? what was comment on it by rest of EUZ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,116
  • Edited 5:43am Nov 6, 2016 5:01am | Edited 5:43am
heres the tls

Quoting Bones
very difficult for US to recover this week {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,117
  • Edited 7:26am Nov 6, 2016 7:10am | Edited 7:26am
using the confluence of lfx cahrts

if gbp lfx is 2.5304 / usd lfx is 1.9730 =cable 1.2825
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,118
  • Nov 6, 2016 7:38am Nov 6, 2016 7:38am
Quoting dianajs
I think that whether or not the pair even continues to the upside will depend on the US election results next week.
ok , just a news/scam reactions around but can't ignore the market intentions altogether. at least test to some levels & crush if so unexpected but more or less follow intentions already in hand developed. It is good to wait for it & after shocks before open a position for sure .Take care , fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #445,119
  • Nov 6, 2016 7:39am Nov 6, 2016 7:39am
Weekly
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Weekly on daily
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Daily
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  • #445,120
  • Nov 6, 2016 7:45am Nov 6, 2016 7:45am
And looking at this, my recent 1H and 4H candle stick analysis fit in this channel.
Mixed bag?
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