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Cable Update (GBPUSD)

  • #510,081
  • Jan 29, 2020 7:41am Jan 29, 2020 7:41am
Quoting Theoak
Short in at 1.3012 added at 1.3012
Out total +24 pips
Don't trade what you think. Just what you see!!!
  • #510,082
  • Jan 29, 2020 7:41am Jan 29, 2020 7:41am
Long. Maybe it will finally start north. We'll see how it closes H1, H4
Attached Image (click to enlarge)
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  • #510,083
  • Jan 29, 2020 7:42am Jan 29, 2020 7:42am
Quoting knkie
{quote} lots of support levels around 2970 is that the low you meant? I will exit there and then see how it deals with this support zone

and there price above 3000 again...
probably even more support below at around .950 now as this is the bottom of the daily ichimoko cloud.

I closed my shorts scalp from 0020 just above 3000. I will say like Akim whom i belived that today will be still until fomc :-)
  • #510,084
  • Edited 7:57am Jan 29, 2020 7:43am | Edited 7:57am
Quoting knkie
{quote} lots of support levels around 2970 is that the low you meant? I will exit there and then see how it deals with this support zone
2960 but 2970 at least you get your profit, the last 4 hour swing low, as i said if its wave 5 very messy 3-3-3-3-3 down really confusing so i try to avoid even though my system was giving a perfect entry @3024, overbought correction price moving down .

I do not have the patience to trade this last swing , down 3 up 3 down 3 up 3 , drives me nuts.

I ideally it would be nice for this swing to break support but either way it confirms as the first wave down after the daily triangle


So all being well its a bounce tonight Fomc up to 80-90 then MPC a big drop, most probably will cut as inflation is running well below target, even a large number voting for a cut but not getting a majority would be enough for the market to start pricing in a cut next time
Follow The Markets Structure - Patience and Discipline
  • #510,085
  • Jan 29, 2020 7:46am Jan 29, 2020 7:46am
Quoting navk
hourly, 30min 15 min, 5 min I see bullish " pattern "
seriously?
could you show that on a chart for me?

All i am seeing is Sells for H4 and below.
If Day closes below 70 that also is bearish...
in wondering about yourself, you forgot what you came here to be part of
  • #510,086
  • Jan 29, 2020 7:47am Jan 29, 2020 7:47am
Quoting pipfarm
{quote} 2960 but 2970 at least you get your profit, the last 4 hour swing low, as i said if its wave 5 very messy 3-3-3-3-3 down really confusing so i try to avoid even though my system was giving a perfect entry @3024, overbought correction price moving down .
excellent
thanx
i like confluency
in wondering about yourself, you forgot what you came here to be part of
  • #510,087
  • Jan 29, 2020 7:56am Jan 29, 2020 7:56am
Quoting Theoak
{quote} Out total +24 pips
Short 1.2995
Don't trade what you think. Just what you see!!!
  • #510,088
  • Jan 29, 2020 8:02am Jan 29, 2020 8:02am
Quoting Coreg2004
{quote} vilela00, you can talk to me about HP day and night. I love them, I trade them in conjunction with EW for over 20 years and it works for me. This was my first book https://www.amazon.com/Fibonacci-Rat...0227575&sr=8-1 Check my posting history for the last 7 years here on FF forums, same ol', same ol'...Good luck with your trading... AB=CD {image}
I have that hard copy in my collection Coreg2004, also some nice quotes in that book. The one I'll always remember was by Amos Hosteller:

"Take care of the losses, and the profits will take care of themselves".

Guz
Charts don't drive price, market conditions drive price...
  • #510,089
  • Jan 29, 2020 8:05am Jan 29, 2020 8:05am
maybe they are going to take the stops
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yes yes yes
  • #510,090
  • Jan 29, 2020 8:08am Jan 29, 2020 8:08am
Quoting knkie
{quote} seriously? could you show that on a chart for me? All i am seeing is Sells for H4 and below. If Day closes below 70 that also is bearish...
What is this? I fell asleep, good movemen, i hope 1.29479
  • #510,091
  • Jan 29, 2020 8:09am Jan 29, 2020 8:09am
Quoting Moty
maybe they are going to take the stops {image}
Buying not highly favoured yet watch for the bottom 29685/29485. I just hope u can see the resistance in the last 24hours on 4 hr candle. More so might dive deep too.
Keep the Lights on then you can catch the rise from the dark.
  • #510,092
  • Jan 29, 2020 8:10am Jan 29, 2020 8:10am
Quoting knkie
{quote} lots of support levels around 2970 is that the low you meant? I will exit there and then see how it deals with this support zone
exit +11

i wanna lock some pips

M1 retracement, M5 perhaps as well, then im back in short
in wondering about yourself, you forgot what you came here to be part of
  • #510,093
  • Jan 29, 2020 8:12am Jan 29, 2020 8:12am
Quoting knkie
{quote} seriously? could you show that on a chart for me? All i am seeing is Sells for H4 and below. If Day closes below 70 that also is bearish...
look
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Intraday only.
  • #510,094
  • Jan 29, 2020 8:15am Jan 29, 2020 8:15am
Quoting ricmaj
{quote} Buying not highly favoured yet watch for the bottom 29685/29485. I just hope u can see the resistance in the last 24hours on 4 hr candle. More so might dive deep too.
yes , it's a Possible outcome
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU1.png Size: 48 KB
yes yes yes
  • #510,095
  • Jan 29, 2020 8:20am Jan 29, 2020 8:20am
Quoting navk
{quote} look {image} {image} {image} {image}
aha, you are using harmonics.
Im not into that.
All i see is triangles pointing down lol

thanx for showing me !
in wondering about yourself, you forgot what you came here to be part of
  • #510,096
  • Jan 29, 2020 8:20am Jan 29, 2020 8:20am
Quoting navk
{quote} look {image} {image} {image} {image}

@Navk

Depends which timeframe you start from , Im using D1 H4 H1 to get the subdivisions.

The trade im posting has H1 subs of the first H4 wave of the D1 wave
Follow The Markets Structure - Patience and Discipline
  • #510,097
  • Jan 29, 2020 8:21am Jan 29, 2020 8:21am
Quoting knkie
{quote} aha, you are using harmonics. Im not into that. All i see is triangles pointing down lol thanx for showing me !
I only see this. Neither traded this.
Intraday only.
  • #510,098
  • Jan 29, 2020 8:23am Jan 29, 2020 8:23am
Quoting pipfarm
{quote} @Navk Depends which timeframe you start from , Im using D1 H4 H1 to get the subdivisions. The trade im posting has H1 subs of the first H4 wave of the D1 wave
it is just H1 and lower tf showing.
Intraday only.
  • #510,099
  • Jan 29, 2020 8:23am Jan 29, 2020 8:23am
Quoting navk
hourly, 30min 15 min, 5 min I see bullish " pattern "
We have the same sight.... ^_^
  • #510,100
  • Jan 29, 2020 8:25am Jan 29, 2020 8:25am
Quoting navk
{quote} I only see this. Neither traded this.

if it works for yo use it navk
in wondering about yourself, you forgot what you came here to be part of
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Fishbones