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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Starting it off.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Cable is on fire today. I wonder if they will send it to 1.24 from here.

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    6b 2016 11 02 2 png
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Great charts and work, Marcin and rat.

    Al
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Found PDCO with StockChart.com's "BEARISH 50/200-DAY MA CROSSOVERS" Predefined Scan.

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    Noticed PDCO price was rising. Higher TF PDCO Weekly showed price contacting - and reacting to- the 200.

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    Lower TF PDCO on 1 min chart shows 50 crossing above 200 and with STO OS at the CLOSE. Today's PDCO price action showed good support at 8ema.

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    RA
    rat89
    Rep: 0
    Posts: 7,015
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    gdx charts – it doesn’t get any better than this: early reverse off resistance were wave C=A at red line, fall, bounce up and retest at the .886 (short red line) and shoot down to the median line.


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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    80 pips up right off that level,
    Originally posted by MarcinO

    Cable is on fire today. I wonder if they will send it to 1.24 from here.

    Chart for 1.24+ area.

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    6b 2016 11 03 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Cable broke above 1.24. My next level is a wide area between 1.2540 and 1.26.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Now we know the reason of Cable's strength. As Jim used to say 'The news arrives when it is needed'.
    https://www.fxstreet.com/news/gbp-usd-climbs-to-12450-on-high-court-ruling-201611031022
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Just in case Pound will get really crazy. 1.27-1.2730 is a wonderful geometry.

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    6b 2016 11 03 2 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    4PT

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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Great calls, rat and Marcin.

    al
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    I cannot remember Pound moving so slowly....