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Cable Update (GBPUSD)

  • #511,161
  • Feb 7, 2020 10:17am Feb 7, 2020 10:17am
what im going for on m5

scalp short 2972 for 9 pips
then pulback for LH and reenter short to 2899
if 2897 breaks it just might crash
could be very wrong
in wondering about yourself, you forgot what you came here to be part of
  • #511,162
  • Feb 7, 2020 10:19am Feb 7, 2020 10:19am
Now we have some wave up H4 Gu if GU do low now (during this wave)it will do and after fast recover and up.But if we have some correction now up-till 1.29700-1.3 and Gu start drop from it its very bad,it can drop heavy.
  • #511,163
  • Feb 7, 2020 10:19am Feb 7, 2020 10:19am
Quoting knkie
what im going for on m5 scalp short 2972 for 9 pips then pulback for LH and reenter short to 2899 if 2897 breaks it just might crash could be very wrong

Or you could be very right as the hourly pattern is corrective , expect an impulse wave below 2921 low and a massive drop


Forgot to say, a bit of caution around the 2904 low is advisable , if it breaks strongly hold
Follow The Markets Structure - Patience and Discipline
  • #511,164
  • Feb 7, 2020 10:21am Feb 7, 2020 10:21am
its WRONG

Quoting Guztro
{quote} NFP won't help the bears . You and pipfarm should consider moving your stop loss to 1.3380. Pipfarm changed his trading plan twice today already..signs of a trader who doesn't really know what he is doing. Why don't you throw more shorts, or are you not as confident as yesterday that this is going to fall through the floor? I haven't touched my plan, I'm still long Here's how this is going to play out. Cheers! Guz {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,165
  • Feb 7, 2020 10:21am Feb 7, 2020 10:21am
come on PA.... hit the stops... make it exciting.

Intraday only.
  • #511,166
  • Feb 7, 2020 10:23am Feb 7, 2020 10:23am
no
Quoting Moty
{image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,167
  • Feb 7, 2020 10:23am Feb 7, 2020 10:23am
Quoting Bones
its WRONG {quote}
Charts don't drive price, market conditions drive price...
  • #511,168
  • Feb 7, 2020 10:26am Feb 7, 2020 10:26am
Quoting Bones
h4 is under that line it never hit before I gave 2 options side or down ,because of the weekly {quote} {image}
Bones, I "game" the daily chart...This scenario is valid if price breaks below A level...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 02.07.daily.png Size: 103 KB
Click to Enlarge Name: W_A.PNG Size: 17 KB
Always trade your own plan...I don't provide trading signals.
  • #511,169
  • Feb 7, 2020 10:27am Feb 7, 2020 10:27am
Attached Image (click to enlarge)
Click to Enlarge Name: 0 GBPUSD-Daily.png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,170
  • Feb 7, 2020 10:27am Feb 7, 2020 10:27am
Quoting Moty
{image} {image}
It hits my short target 1.2914 as I mentioned earlier. Lol
  • #511,171
  • Feb 7, 2020 10:27am Feb 7, 2020 10:27am
Stops if my broker is watching 2961 we have lift off, the ship is sinking , caution 2904 all
Follow The Markets Structure - Patience and Discipline
  • #511,172
  • Feb 7, 2020 10:28am Feb 7, 2020 10:28am
KaboooM
just for a cup of coffee...
  • #511,173
  • Feb 7, 2020 10:28am Feb 7, 2020 10:28am
Quoting knkie
what im going for on m5 scalp short 2972 for 9 pips then pulback for LH and reenter short to 2899 if 2897 breaks it just might crash could be very wrong
exit +12
it better pullback for me
in wondering about yourself, you forgot what you came here to be part of
  • #511,174
  • Feb 7, 2020 10:30am Feb 7, 2020 10:30am
it's a buy from 1.29041.
daily low is there
yes yes yes
  • #511,175
  • Feb 7, 2020 10:34am Feb 7, 2020 10:34am
support is broken. Didn't lose that much from the buy. Will look to sell rallies from here.
  • #511,176
  • Feb 7, 2020 10:37am Feb 7, 2020 10:37am
GUS at the weekend


Attached Image
Follow The Markets Structure - Patience and Discipline
  • #511,177
  • Feb 7, 2020 10:42am Feb 7, 2020 10:42am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 38 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 36 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 34 KB
yes yes yes
  • #511,178
  • Feb 7, 2020 10:43am Feb 7, 2020 10:43am
not going to hold
Attached Image (click to enlarge)
Click to Enlarge Name: 4 GBPUSD-4-hours.png Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,179
  • Feb 7, 2020 10:47am Feb 7, 2020 10:47am
Quoting Guztro
{quote} Hi ozali, personally scenario 1 is out for me as I hold the view that the B wave of the ABC correction on the daily is incomplete, in other words, D in the Gartley Pattern I posted is where I see wave B ending. Wave C will be all the way down to just above where wave 1 started on the daily. Scenario 2 is possible, it depends on whether an AB=CD pattern forms, then it can be traded as such. Price will very rarely shoot straight up for a level,yes there will be an impulse wave, but that too will contain corrective waves, so I don't see scenario...

Your pattern is no longer valid
Follow The Markets Structure - Patience and Discipline
  • #511,180
  • Feb 7, 2020 10:48am Feb 7, 2020 10:48am
I would say I was wrong and my analysis failed this time

I will stop loss the last minutes before market close or maybe keep it for next week and exit with first retracement happen
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