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Cable Update (GBPUSD)

  • #512,701
  • Feb 27, 2020 4:38am Feb 27, 2020 4:38am
We go up up
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yes yes yes
  • #512,702
  • Feb 27, 2020 4:38am Feb 27, 2020 4:38am
Quoting Moty
1.29360 block the price from above Now it is time to 1.28715 to support price from the bottom {image} {image} {image}
wave 1 already finished yesterday and today high is wave 2

we are now in wave 3 which will be strong drop be careful
  • #512,703
  • Feb 27, 2020 4:39am Feb 27, 2020 4:39am
Quoting pipfarm
{quote} what is increasing?
As mentionned on chart, longs
COT: The precious data ignored
  • #512,704
  • Feb 27, 2020 4:45am Feb 27, 2020 4:45am
Quoting Moty
We go up up {image}
ur count is wrong

this is the correct count

we are in wave 3 which will end around 1.2815
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  • #512,705
  • Feb 27, 2020 4:53am Feb 27, 2020 4:53am
more selling

2872 short
in wondering about yourself, you forgot what you came here to be part of
  • #512,706
  • Feb 27, 2020 4:55am Feb 27, 2020 4:55am
Quoting navk
2898 and below only can be shorted.
  • #512,707
  • Feb 27, 2020 4:59am Feb 27, 2020 4:59am
Quoting msniper
{quote} wave 1 already finished yesterday and today high is wave 2 we are now in wave 3 which will be strong drop be careful
Yes sure
  • #512,708
  • Feb 27, 2020 5:00am Feb 27, 2020 5:00am
if in 4 hour wave 1 being form then tight up your belt guys we are falling - if not this may be the new lower low and the
next leg may form up take care guys - if any fake news come it may jump huge up or down.

personally i see the falling as EUR/USD but, may be i be wrong please forward your guidance - thanks

if Eur/Usd is going up the GBP may fall further - but caution's !

If i am wrong and dont see some thing please correct me
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To Win You Must Loss Something ...
  • #512,709
  • Feb 27, 2020 5:04am Feb 27, 2020 5:04am
Quoting msniper
{quote} ur count is wrong this is the correct count we are in wave 3 which will end around 1.2815 {image}
i think same bro...im pending buy 2825
  • #512,710
  • Feb 27, 2020 5:07am Feb 27, 2020 5:07am
Quoting kuroro001
{quote} As mentionned on chart, longs

Yes i understand but what is the chart representing , is the green net positions? what? because i do not see how longs are increasing if price is dropping so dramatically,just curious.
Follow The Markets Structure - Patience and Discipline
  • #512,711
  • Feb 27, 2020 5:09am Feb 27, 2020 5:09am
Quoting msniper
{quote} ur count is wrong this is the correct count we are in wave 3 which will end around 1.2815 {image}
Yes i feel going to 1.2815

Its my testing with breakout strategy.... Its only demo account because i need to backtesting 1-4 months before im using rill account. If we know, before we can trade with your pc or smartphone, older people only using order by phone to broker
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  • #512,712
  • Feb 27, 2020 5:18am Feb 27, 2020 5:18am
Quoting pipfarm
{quote} Yes i understand but what is the chart representing , is the green net positions? what? because i do not see how longs are increasing if price is dropping so dramatically,just curious.
Its shows extreme positionning, regarding the PA. Its not net buyers or sellers, just exteme price behavior more or less.

But longs will buy more as we go down. And cover them as we go down.

Like if you want to sell, you sell on retrace, not on the lows right ?
COT: The precious data ignored
  • #512,713
  • Feb 27, 2020 5:18am Feb 27, 2020 5:18am
Inserted Video
  • #512,714
  • Feb 27, 2020 5:20am Feb 27, 2020 5:20am
Exercise caution here because i think after re evaluating this trade its not wave 3 its wave 5 , the wave 1 is hard to see at the top of the swing, so i will def close my trade below 2850 as we are trending down price should achieve a new low below the previous low.

In my experience , the first wave extends which it did and the third and this 5th wave is not extending the way a wave 3 should.
Follow The Markets Structure - Patience and Discipline
  • #512,715
  • Feb 27, 2020 5:26am Feb 27, 2020 5:26am
BUY
  • #512,716
  • Feb 27, 2020 5:30am Feb 27, 2020 5:30am
Quoting pipfarm
Exercise caution here because i think after re evaluating this trade its not wave 3 its wave 5 , the wave 1 is hard to see at the top of the swing, so i will def close my trade below 2850 as we are trending down price should achieve a new low below the previous low. In my experience , the first wave extends which it did and the third and this 5th wave is not extending the way a wave 3 should.

Sorry 2 of the 3 down waves extend, in this case the 1 and the 3 have done so, i know its elliott wave but its fact that is how it works

To add further fuel to my decision , the daily minor is only in swing 1 so after this low expect a possible bigger retrace, still everything comes down to reactive trading and not predicting and i may re assess the market structure later because at the end of the day none of us have a crystal ball, except for Navk ,maybe
Follow The Markets Structure - Patience and Discipline
  • #512,717
  • Feb 27, 2020 5:48am Feb 27, 2020 5:48am
i think today we will meet the 1.2820 zone

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #512,718
  • Feb 27, 2020 6:06am Feb 27, 2020 6:06am
i feel this will go up from here and about...
trading is simple but is simple is not easy.
  • #512,719
  • Feb 27, 2020 6:07am Feb 27, 2020 6:07am
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yes yes yes
  • #512,720
  • Feb 27, 2020 6:27am Feb 27, 2020 6:27am
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