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Cable Update (GBPUSD)

  • #449,921
  • Edited 4:32pm Feb 18, 2017 4:11pm | Edited 4:32pm
have a look ,it has fallen and could be neg close (not too negative)
Ideally that close near the open end of March
but q wise im thinking not to ignore
therfore eur gbp will fall ,gbp aud will go back up ,cable will hold range at least ,no H+S taking us below the low
in all probability I will be right I want to buy gbp aud best poss price so long as the weekly dosent break immediate support
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,922
  • Edited 4:29pm Feb 18, 2017 4:17pm | Edited 4:29pm
it was never a line I draw them in anticipation but normally I say I dont know thats it ,I see consolidation prob bearish -limited

Quoting Mr Breakout
{quote} Here is that same "up" trendline on the NetDania website. Seems like that uptrend is not that convincing now. See how easy it is to take 2 points on a chart and call them a trendline? {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,923
  • Feb 18, 2017 4:27pm Feb 18, 2017 4:27pm
Yeah Bones nice to see you around, how are you my friend? )))

when in doubt refer to HTF (monthly). Normal range for gu is 1.35 - 2.00 past 20 years, notice that we had an excess 2006-2007, which was quickly removed by the market.

Right now we also exited the regular range and in fact the DB @ 2000 comes as same measured move as the excess range in 2006-2007.

So my take is that the market will push this back into it's normal trading range.
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  • #449,924
  • Feb 18, 2017 4:37pm Feb 18, 2017 4:37pm
Quoting asgcorp
So my take is that the market will push this back into it's normal trading range... {image}
...or we are simply looking at a breakout in progress.
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  • #449,925
  • Feb 18, 2017 4:42pm Feb 18, 2017 4:42pm
Yea ok always pleased to see fellow chart poster with strong views
seems were on the same page which adds to confidence hope you can stick around

Quoting asgcorp
Yeah Bones nice to see you around, how are you my friend? ))) when in doubt refer to HTF (monthly). Normal range for gu is 1.35 - 2.00 past 20 years, notice that we had an excess 2006-2007, which was quickly removed by the market. Right now we also exited the regular range and in fact the DB @ 2000 comes as same measured move as the excess range in 2006-2007. So my take is that the market will push this back into it's normal trading range. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,926
  • Feb 18, 2017 4:48pm Feb 18, 2017 4:48pm
Quoting asgcorp
.... HTF (monthly). Normal range for gu is 1.35 - 2.00 past 20 years, .... So my take is that the market will push this back into it's normal trading range. {image}
 
Ha!!!!
Looking at this chart - parity next year.  
There's no Brexit events on it...so who can suggest buying??  
And what caused the 2008 fall????
Beware of robber banks (RB), bad advisors.
  • #449,927
  • Edited 5:34pm Feb 18, 2017 4:51pm | Edited 5:34pm
even my friend break I enjoy our chats ...mostly though not eye to eye
im thinking $ has a problem if it takes the high now without the line id be amazed
UJ next is bear imo

Quoting Mr Breakout
{quote} ...or we are simply looking at a breakout in progress. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,928
  • Feb 18, 2017 5:03pm Feb 18, 2017 5:03pm
focus on selling eur what with all those elections and super unpopular set up now ,many major countries need to exit to get on
stop supporting Germany/Swiss

Quoting Not-KPMG
{quote} Ha!!!! Looking at this chart - parity next year. There's no Brexit events on it...so who can suggest buying?? And what caused the 2008 fall????
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,929
  • Feb 18, 2017 5:08pm Feb 18, 2017 5:08pm
Quoting Bones
even my friend break I enjoy our chats ..
Likewise, although I really have a hard time understanding your posts sometimes, due to your telegraphic style.
  • #449,930
  • Feb 18, 2017 5:10pm Feb 18, 2017 5:10pm
Quoting Not-KPMG
{quote} Â Ha!!!! Looking at this chart - parity next year. Â There's no Brexit events on it...so who can suggest buying?? Â And what caused the 2008 fall????
Absolutely, the UK leaving the European Union cannot possibly be good for the pound.

No way.
  • #449,931
  • Feb 18, 2017 5:17pm Feb 18, 2017 5:17pm
Quoting darkmorg
Here are the trendlines for Monthly, Weekly, Daily, and H4. I've found symmetry to be a key factor in drawing channels. Need a solid break and close outside of them. {image} {image} {image} {image}
That's the euro my friend.
Nice trendlines however.
  • #449,932
  • Feb 18, 2017 8:07pm Feb 18, 2017 8:07pm
approaching channel midpoint at support zone.

3160ish tech target at top extreme I think
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #449,933
  • Feb 18, 2017 8:14pm Feb 18, 2017 8:14pm
thinking along these lines (pardon the pun)

Attached Image (click to enlarge)
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Come with me if you want to live....
  • #449,934
  • Feb 18, 2017 8:28pm Feb 18, 2017 8:28pm
I was fast asleep when this retest happened! Break C retest C then short..

remember same levels I'm using, havn't changed them yet. Not until we break A or D
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  • #449,935
  • Feb 19, 2017 3:35am Feb 19, 2017 3:35am
GBP/USD had a tough week and now market participants are anticipating the Mark Carney speech on Tuesday before the UK parliament.
  • #449,936
  • Feb 19, 2017 5:08am Feb 19, 2017 5:08am
GU is stuck in congestion and will be so till the brexit mess is settled/finalised. Too much noise making this pair a little hairy to trade for days to come ...
  • #449,937
  • Feb 19, 2017 9:08am Feb 19, 2017 9:08am
Today, i read a lot about

"Cable could bounce from here.."

Yep, maybe if you trade H4 or D1. But for me, if i have a look at the weekly chart
it does not look bullish. Opinions back and forth, but at least you have to stick
to one direction, even if it is for a while, and for me its DOWN atm. And even if im wrong,
i have a clear opinion what and how i will react and do in the following weekS.

Tony Blairs Exit from Brexit attempt is rubbish imo like himself, and the long awaited
House of Lords decision is very important and will make a lot of volatility buut..
My 3 Ranges that i first posted Okt 2016 are still in play, so why to change the winning horse.

A nice and cool swing year is in front of us, so dont make the mistake and believe every
biased opinion. Think wise and long term and make money. And dont be too stinted with your SL.




Greets and happy trading.

T.
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  • #449,938
  • Feb 19, 2017 10:29am Feb 19, 2017 10:29am
im still believe 1.2300 ...

need to monitor the continuation until the change happen
Made in Malaysia <3
  • #449,939
  • Feb 19, 2017 11:04am Feb 19, 2017 11:04am
Quoting DonMalaya
im still believe 1.2300
There is a german saying.

"You can believe in a church.."

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  • #449,940
  • Edited 11:29am Feb 19, 2017 11:07am | Edited 11:29am
Tuesday / wednesday maybe.. hmm

edit: with 3 weeks plan. (I wish)
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