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Cable Update (GBPUSD)

  • #449,301
  • Feb 9, 2017 3:35pm Feb 9, 2017 3:35pm
btw what your saying means the $ must go up and take that high ,so in all probability your be wrong about that

Quoting Mr Breakout
{quote} Still bullish GBP/USD, eh? You never quit do you? My friend, look at this chart and tell me what could possibly prevent the cable from going to parity with the USD... Cordially. {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,302
  • Feb 9, 2017 3:41pm Feb 9, 2017 3:41pm
i am done with Pound i am Selling GOLD and Selling CAD
in forex that means buying USDCAD and EURCAD not going with GBPCAD
anyways what matters is Making Money which ever pair i trade..
Good Luck Guys..
  • #449,303
  • Feb 9, 2017 3:47pm Feb 9, 2017 3:47pm
look at this weekly we had the other week then tell me its going to take it on current pa
combine it with a super wick then say its going parity
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,304
  • Feb 9, 2017 3:47pm Feb 9, 2017 3:47pm
Quoting Bones
if this candle takes that big one id be amazed its not big enough to do it one fail swoop , range is seen doji cross is seen w1 right now {image}
Let's use the same time frame you are using, the daily chart.
Look at the chart below, your trendline is saying that the cable is bullish.

Sure, fine, why not.

But wait a minute, let's draw another equally valid trendline and now we have an entirely different scenario.
Now we have a breakout to the downside and a bearish market!

See how easy it is to draw opposite conclusions on the same chart, using equally valid trendlines?
Attached Image (click to enlarge)
Click to Enlarge Name: 5432.png Size: 194 KB
  • #449,305
  • Feb 9, 2017 4:00pm Feb 9, 2017 4:00pm
Quoting Rescue.Forex
i am done with Pound i am Selling GOLD and Selling CAD
If you want to use a currency as a proxy for Gold the Australian dollar is your best best, not the Canadian dollar, as GOLD/AUD has the highest correlation.
  • #449,306
  • Feb 9, 2017 4:07pm Feb 9, 2017 4:07pm
yea i don't even know thats the line im just reading price so far nothing makes me think im wrong find the up line go for gap

thing with the line cant be too steep

Quoting Mr Breakout
{quote} Let's use the same time frame you are using, the daily chart. Look at the chart below, your trendline is saying that the cable is bullish. Sure, fine, why not. But wait a minute, let's draw another equally valid trendline and now we have an entirely different scenario. Now we have a breakout to the downside and a bearish market! See how easy it is to draw opposite conclusions on the same chart, using equally valid trendlines? {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,307
  • Feb 9, 2017 4:10pm Feb 9, 2017 4:10pm
we can all see it bounced right off that line seems major to me what with the equal bottom big pa off lows

Quoting Bones
look at this weekly we had the other week then tell me its going to take it on current pa combine it with a super wick then say its going parity {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,308
  • Feb 9, 2017 4:13pm Feb 9, 2017 4:13pm
Short GBP/AUD 1.6392, 35 pip stop.

Now go and make me some money.
  • #449,309
  • Feb 9, 2017 4:14pm Feb 9, 2017 4:14pm
take a close look at the pa off that line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,310
  • Feb 9, 2017 4:17pm Feb 9, 2017 4:17pm
Look at this delicious Head and Shoulders by the way.
Attached Image (click to enlarge)
Click to Enlarge Name: eeee.png Size: 183 KB
  • #449,311
  • Feb 9, 2017 4:21pm Feb 9, 2017 4:21pm
Quoting Bones
take a close look at the pa off that line {image}
What's a PA?
  • #449,312
  • Feb 9, 2017 4:24pm Feb 9, 2017 4:24pm
Quoting Mr Breakout
{quote} What's a PA? Not sure where these red lines come from too.
 
Price Action. 

H&S everywhere.  inverted in Euro....
Beware of robber banks (RB), bad advisors.
  • #449,313
  • Feb 9, 2017 4:29pm Feb 9, 2017 4:29pm
Quoting Not-KPMG
H&S everywhere. inverted in Euro....
Yep, but which one is the real McCoy that's the $10K question...
PA = Price Action, of course, thanks.
  • #449,314
  • Feb 9, 2017 4:30pm Feb 9, 2017 4:30pm
Australian reports, easy now...
  • #449,315
  • Feb 9, 2017 4:40pm Feb 9, 2017 4:40pm
Bought 1.2500 SL 85 TP open..
let the show begin
she can pop either way
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #449,316
  • Feb 9, 2017 4:42pm Feb 9, 2017 4:42pm
gbp aud will go the same way as the other cross's

Quoting Mr Breakout
Look at this delicious Head and Shoulders by the way. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,317
  • Feb 9, 2017 4:44pm Feb 9, 2017 4:44pm
Quoting Bones
gbp aud will go the same way as the other cross's {quote}
Meaning?

Right now GBP/AUD is still flirting with the neckline.

It will come down ...any day now

Inserted Video
  • #449,318
  • Feb 9, 2017 4:49pm Feb 9, 2017 4:49pm
Quoting Bones
I know this with high probability {image}
This is literally just a candle chart with nothing concrete to show for your analysis.
trading GoldH4, EuroH1, and PoundH1 Futures and FX skype:fxtraderpro1
  • #449,319
  • Feb 9, 2017 4:52pm Feb 9, 2017 4:52pm
this pa
then consolidation

Quoting Mr Breakout
{quote} What's a PA?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,320
  • Feb 9, 2017 4:54pm Feb 9, 2017 4:54pm
righto
10 years you reckon
gives us somthing

Quoting carguychase
{quote} This is literally just a candle chart with nothing concrete to show for your analysis.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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