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Cable Update (GBPUSD)

  • #449,401
  • Feb 10, 2017 4:33pm Feb 10, 2017 4:33pm
Quoting MXT
{quote} you are one of the few guys in here who's assessing the current trend on cable correctly when i see too many contrarian views , i'd rather trade by myself according to my own view
You have been around a long time 205 I tried to sub you but I can not do it on iPhone I will try again if I do something else sorry let's see
  • #449,402
  • Feb 10, 2017 4:37pm Feb 10, 2017 4:37pm
Quoting elbert3
{quote} You have been around a long time 205 I tried to sub you but I can not do it on iPhone I will try again if I do something else sorry let's see
B put the phone down, and stick with the wine. First you say GU is long and short then you ignore mxt when you try to sub him.



Regards and have good weekend.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #449,403
  • Feb 10, 2017 4:46pm Feb 10, 2017 4:46pm
Quoting elbert3
{quote} Lol you not read my post yesterday pu need to read them from the morning time . It was well I said enough lol how was yours mate ? Today was quiet as a and the wife takes my phone off me lol long story regards E
Quoting elbert3
{quote} You have been around a long time 205 I tried to sub you but I can not do it on iPhone I will try again if I do something else sorry let's see
sorry my friend , i just logged in half an hour ago , didn't read much posts this week, i'm glad for you , mine was ok , can't complain

sure subscribe to me and i'll subscirbe back to you , let's become buddies
  • #449,404
  • Feb 10, 2017 4:51pm Feb 10, 2017 4:51pm
Quoting Mr. Scott
{quote} B put the phone down, and stick with the wine. First you say GU is long and short then you ignore mxt when you try to sub him. Regards and have good weekend.
Lol did I ignore . God I was trying to sub him but the I phone don't tell you what your doing ? I think I put it right again sorry M is it ok now ??! Just posted at your house S . B out hic sorry just one more then bed . She took my phone off me today . And now she sleeps like a baby .
  • #449,405
  • Feb 10, 2017 4:52pm Feb 10, 2017 4:52pm
Quoting MXT
{quote} {quote} sorry my friend , i just logged in half an hour ago , didn't read much posts this week, i'm glad for you , mine was ok , can't complain sure subscribe to me and i'll subscirbe back to you , let's become buddies
ah nice buddy's xxx lol o will do it on pc You can call me B now lol
  • #449,406
  • Feb 10, 2017 5:04pm Feb 10, 2017 5:04pm
Quoting elbert3
{quote} ah nice buddy's xxx lol o will do it on pc You can call me B now lol
sure we're good buddies my friend E
  • #449,407
  • Edited 10:12pm Feb 10, 2017 5:51pm | Edited 10:12pm
Quoting Bones
how on earth did I know hadn't closed lot times I posted it even predicted it last sat what does it say you already seen this pattern higher {image}
Bones, if you still believe the cable has bottomed then you should at least wait for 2 higher highs and 2 higher lows, then a breakout of the second higher high, then a pullback, then a bounce from the breakout line (red line, see chart below).

Personally unless I see this kind of price action, I have no particular reason whatsoever to believe that the cable (or any currency, commodity, stock, index...) has reached a "bottom" and is about to take off.

None, zero!

Again, the trader should always trade what the chart is actually telling him, not what he believes should happen. He/she should always wait for clear evidence that his/her point of view is at least confirmed by the chart (price action).

Keep in mind that ALL uptrends start with 2 higher highs and 2 higher lows, and ALL downtrends start with 2 lower lows and 2 lower highs (1,2,3,4 waves).

Of course we still have to confirm these uptrends/downtrends 1,2,3,4 waves with other technical analysis tools (the "secret sauce"...)
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  • #449,408
  • Feb 10, 2017 8:37pm Feb 10, 2017 8:37pm
Quoting Mr Breakout
{quote} Bones, if you still believe the cable has bottomed then you should at least wait for 2 higher highs and 2 higher lows, then a breakout of the second higher high, then a pullback, then a bounce from the breakout line (red line, see chart below). Personally unless I see this kind of price action, I have no particular reason whatsoever to believe that the cable (or any currency, commodity, stock, index...) has reached a "bottom" and is about to take off. None, zero! Again the trader should always trade what the chart is actually telling him,...
This is full of false statements...
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  • #449,409
  • Edited 11:29pm Feb 10, 2017 8:53pm | Edited 11:29pm
Quoting Nala66
{quote} This is full of false statements... {image}
You Sir acted in an ungentlemanly manner and called me a jerk, so I will not answer any of your posts unless you apologize.

You have the right to disagree with my opinions or comments, in a polite and civilized manner, but I cannot and will not tolerate that kind of rude behavior.
  • #449,410
  • Feb 10, 2017 9:06pm Feb 10, 2017 9:06pm
What on Earth gave you the impression I was a gentleman. A rose is a rose by any other name.
  • #449,411
  • Feb 10, 2017 9:23pm Feb 10, 2017 9:23pm
And don't forget your derogatory statement of me posting after the fact.

Sometimes I post before sometimes I post after. Mostly after because I am trading the moves not talking about them and one needs to know how to trade them. If I post early then I may be responsible for people losing money.

I post to show others where the moves are but you have to stick your nose in because you just can't help being smart about other peoples trading methods. That is being a jerk, I don't know what they call it in your neck of the woods.
  • #449,412
  • Feb 11, 2017 3:06am Feb 11, 2017 3:06am
Hi Breakout
I'm looking at this candle 2 weeks previous and I know with high prob Nala will be wrong
I can see a pattern ,I can see a huge candle off 12 when one prints it take weeks to wear down or goes higher from history
this one is not after another not one original failed to go higher
there's a gap higher I haven't said that's the bottom
I can say all your arrow to 1 are wrong at this point again im going to say it won't go 12 in 2 weeks

all im doing is reading higher tfs as you would with your 15 min so mine is not a complete guess

Quoting Bones
lets talk about where its not going in the next 2 weeks {quote} {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,413
  • Edited 3:31am Feb 11, 2017 3:19am | Edited 3:31am
valuable grounded info cause when the sell off came breaking range it printed a huge long wicked candle
off the back of a proper tl
but yet to confirm at all
to be fair is its not clear without confirm
the ideal world is it opens bullish next for foreseeing
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,414
  • Edited 3:16pm Feb 11, 2017 3:33am | Edited 3:16pm
the best case for gbp aud is cable side up aud usd down only at that location its in
open bullish I believe
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,415
  • Feb 11, 2017 3:36am Feb 11, 2017 3:36am
surely this chart gives us info about cable or what chart to short
assuming break straight off
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,416
  • Feb 11, 2017 3:46am Feb 11, 2017 3:46am
maybe cpi won't disappoint

Quoting Bones
yep {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,417
  • Edited 2:31pm Feb 11, 2017 7:15am | Edited 2:31pm
$ had a good week but has a bearish monthly
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,418
  • Feb 11, 2017 7:48am Feb 11, 2017 7:48am
Quoting Bones
valuable grounded info cause when the sell off came breaking range it printed a huge long wicked candle off the back of a proper tl but yet to confirm at all to be fair is its not clear without confirm the ideal world is it opens bullish next for foreseeing {image}
Hi B agree and I hope that is where it confirms on your lower tl 2160 ish theni if we get a good bounce the I would also say that confirms a new long trade trend . And it would be great if it is timed with a rate rise as that takes it to the big breakout line of 3550 area but I have a concern that on the 4 hour we have a db at 2440 area and both sit on top of the 20 emas which could could act as support . But it would be good break of the number to carry on with the confirm plan . Regards
  • #449,419
  • Feb 11, 2017 8:48am Feb 11, 2017 8:48am
Quoting Bones
that's why you gotta add it up ,lets see what next {quote}
hey Bones , we'll see what happens next , but to me really a single doji alone does not represent a reversal

personally i would be looking for longs on cable only if it breaks and closes above 1.2775 - this could happen , but personally i feel it is more likely that it will test the low 1.2200s again before doing that , we'll see
  • #449,420
  • Feb 11, 2017 9:15am Feb 11, 2017 9:15am
One thing is for sure , next week could be very interesting, looks like it will vacate this area one way or the other , appears to be some sheet about to collide ,,,,,,, if it drops - your .2160 area is looking good E, if it pops 1.2848 would be a good target with a poke thru 1.26ish and a retest there ,,,,,,,, trade safe all,,,,, have a look and pick your poison lol,,,,, good weekend all.
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