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Cable Update (GBPUSD)

  • #496,841
  • Oct 9, 2019 7:36am Oct 9, 2019 7:36am
Quoting RazorFitch
{image}
your wave 3 is out of whack.
More like this below. Although I don't have much faith in this setup.
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  • #496,842
  • Oct 9, 2019 7:40am Oct 9, 2019 7:40am
Quoting asgcorp
{quote} you wave 3 is out of whack. More like this below. Although I don't have much faith in this setup. {image}
I didn't know that you Eliott Wave can be applied based on prediction... well, lets see if your prediction comes true..thats gambling using Eliott
  • #496,843
  • Oct 9, 2019 7:40am Oct 9, 2019 7:40am
Bias heading south in my opinion...
Pending Sell @ 2207
M30 frame
in wondering about yourself, you forgot what you came here to be part of
  • #496,844
  • Oct 9, 2019 7:40am Oct 9, 2019 7:40am
Quoting RazorFitch
{image}
Im not surprised you think TA is rubbish with all those indicators on, get rid of them buddy you don't need them price, knowledge and eyes is all you need my man.
  • #496,845
  • Oct 9, 2019 7:41am Oct 9, 2019 7:41am
Quoting RazorFitch
{quote} I didn't know that you Eliott Wave can be applied based on prediction... well, lets see if your prediction comes true
EW wave 3 is the longest of them all, it's the basics. You can't have wave 5 > wave 3.
  • #496,846
  • Oct 9, 2019 7:50am Oct 9, 2019 7:50am
dxy H4
Attached Image (click to enlarge)
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  • #496,847
  • Oct 9, 2019 7:54am Oct 9, 2019 7:54am
Ok so lets analyse this trade.its a bad trade but lets analyse it anyway.no pro will be trading it DEFINETILY.

Ok here it goes,

if i was given say 50 million and asked to move IT in GBP/USD profitably from 1.256551 down to 1.201615...HERE IS WHAT I WOULD DO.
The trend is down,obviously right?...every trader knows that,the charts speak and proof that.and prices is supporting that currently.its red candles everywhere.
Right now price is at 1.22161 and FED POWELL IS ABOUT TO SPEAK IN A COUPLE OF HOURS...terrible conditions for any trader...and worse FOMC enters shortly after that...i see dead bodies aka accounts everywhere.

Considering the current sentiment already why dont i push PRICE up 1 last time and blow some few accounts out.right.
MORE MONEY FOR MY COMPANY...THERE AFTER CONVINCE EVERYBODY OUT THAT TREND HAS CHANGED TO BULLISH,then a couple of pips away from the previous highs drop price again and leave them speechless in their bullish pursuits.

This would be my thoughts if was trading for a large coporation,and creating a market for all you guys.HAHAHA.
Either way right now they are busy calculating where all the orders are,too bad you and i dont possess that power of order flows.
AND THEY BUSY PLANNING HOW TO SCREW YOU CAPITALS OUT.

THEY MIGHT JUST WICK UP AND DOWN AND HOLD PRICE MIDRANGE...HAHA.
(morale of the story:The current conditions are every experienced trader's worst nightmare!!).
anything can happen (&who dare wants to risk money during such!!)right.


What are the thoughts familia???lmao
  • #496,848
  • Oct 9, 2019 7:59am Oct 9, 2019 7:59am
Quoting RazorFitch
{image}
RazorFitch, you definitely need to study Elliott Wave Principle more...start from 3 basics rules...http://forex-indicators.net/cycle-in...tt-waves/rules ...Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
  • #496,849
  • Oct 9, 2019 8:00am Oct 9, 2019 8:00am
THE BEAUTY ABOUT THE FOREX MARKET IS THAT "THERE ARE NO RULES HERE"...especially when FED POWELL IS ABOUT TO SPEAK AND FOMC FOLLOWS HIM!!

There could just be a very long wick that goes up and up.or down down.THE POSSIBILITIES ARE ENDLESS.

FAT WALLSTREET champs ARE ABOUT TO LINE THEIR POCKETS UN-EXPLAINABLY IN 2 HRS my local time.or just do nothing..amazing right.
  • #496,850
  • Oct 9, 2019 8:02am Oct 9, 2019 8:02am
Quoting EXpRINCE
THE BEAUTY ABOUT THE FOREX MARKET IS THAT "THERE ARE NO RULES HERE"...especially when FED POWELL IS ABOUT TO SPEAK AND FOMC FOLLOWS HIM!! There could just be a very long wick that goes up and up.or down down.THE POSSIBILITIES ARE ENDLESS. FAT WALLSTREET champs ARE ABOUT TO LINE THEIR POCKETS UN-EXPLAINABLY IN 2 HRS my local time.or do nothing..amazing right.

why are you yelling?
in wondering about yourself, you forgot what you came here to be part of
  • #496,851
  • Oct 9, 2019 8:09am Oct 9, 2019 8:09am
Quoting knkie
{quote} why are you yelling?

Sorry its the way i write...hahaha.doesnt mean i yelling at all..ill try and keep my letters small to your standards next time

Im just amazed that out of everything i said you just had to focus on the letter part!(but like i said ill try and keep them to acceptble social norms.).
  • #496,852
  • Oct 9, 2019 8:09am Oct 9, 2019 8:09am
Quoting Neil0163
{quote} Im not surprised you think TA is rubbish with all those indicators on, get rid of them buddy you don't need them price, knowledge and eyes is all you need my man.
None of them are rubbish not TA nor Fundy.. ....

Happy Trading
Trades technical moves enforced by fundamentals
  • #496,853
  • Oct 9, 2019 8:11am Oct 9, 2019 8:11am
Quoting EXpRINCE
{quote} Sorry its the way i write...hahaha.doesnt mean i yelling at all..ill try and keep my letters small to your standards next time Im just amazed that out of everything i said you just had to focus on the letter part!(but like i said ill try and keep them to acceptble social norms.).
well i was just kidding actually...

and concerning all that you said: it sounds like you are selling something.
So i zoned out after that.
in wondering about yourself, you forgot what you came here to be part of
  • #496,854
  • Oct 9, 2019 8:23am Oct 9, 2019 8:23am
Quoting knkie
{quote} well i was just kidding actually... and concerning all that you said: it sounds like you are selling something. So i zoned out after that.
good to hear that.
  • #496,855
  • Oct 9, 2019 8:33am Oct 9, 2019 8:33am
short @ 1.2218

sl 30 pip
  • #496,856
  • Oct 9, 2019 8:37am Oct 9, 2019 8:37am
so same , waiting 2060 play restart. below 2204 temporary support to temporary 2120 as intermediate
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #496,857
  • Oct 9, 2019 8:40am Oct 9, 2019 8:40am
Quoting MXT
short @ 1.2218 sl 30 pip
Lol

I shorted 1.22184 w 20p SL.

More like 30 mins ago though
  • #496,858
  • Oct 9, 2019 8:46am Oct 9, 2019 8:46am
Short 1.2219

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  • #496,859
  • Oct 9, 2019 8:50am Oct 9, 2019 8:50am
Quoting Ra.
{quote} Lol I shorted 1.22184 w 20p SL. More like 30 mins ago though
cool bud , yep very slow market , let ' s see if it starts moving down , if it doesn ' t let 's have our stop loss handy
  • #496,860
  • Oct 9, 2019 8:52am Oct 9, 2019 8:52am
Quoting MXT
{quote} cool bud , yep very slow market , let ' s see if it starts moving down , if it doesn ' t let 's have our stop loss handy

Yeah I tried catching the spike up last night, had my stop loss hit 0.5p then do the 90p rally to the up. London session is 1am for me, but my macro bias is short. Brexit? Lol yeah like the EU wants that to happen, and if they do, they'll make Britain hurt so to set an example.
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