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Cable Update (GBPUSD)

  • #537,501
  • Jul 22, 2020 10:19am Jul 22, 2020 10:19am
Quoting SCopier
Here my chart, wave 2 created {image}
Hi SCopier, Thanks for posting your chart. I think you should revisit your scenario, the bulls has the momentum, it is therefore unlikely that the market will play out as per your chart. I'm trading Elliott Wave with the daily, so all my pair entries are based on EU and GU direction. I had 9 entries today, 8 closed, my GU long posted earlier is my last trade for this week.

If you have a counter trend strategy, then ignore this post.

Trade Safe
Guz
Attached Image (click to enlarge)
Click to Enlarge Name: 2207 Trades.JPG Size: 69 KB
Charts don't drive price, market conditions drive price...
  • #537,502
  • Jul 22, 2020 10:28am Jul 22, 2020 10:28am
2667 y/days' hi and of course then we have the zone leading up to 2813 major swing hi with 3 fib cluster in there 2774-88 with no daily + candle close above them yet - hence still on my charts. The 4hr part of that prev sw hi zone to 2813 starts at circa 2788..
Trader with an Edge.
  • #537,503
  • Jul 22, 2020 10:32am Jul 22, 2020 10:32am
Position in negative.. Well I will take the loss and recover later. Simple. Will update when I see good setups.
Le$$ I$ More
  • #537,504
  • Jul 22, 2020 10:32am Jul 22, 2020 10:32am
Quoting thevisitor
{quote} Sl +3
That's a pitty TV, that was a good entry.
Charts don't drive price, market conditions drive price...
  • #537,505
  • Jul 22, 2020 10:34am Jul 22, 2020 10:34am
Quoting Guztro
{quote} Hi SCopier, Thanks for posting your chart. I think you should revisit your scenario, the bulls has the momentum, it is therefore unlikely that the market will play out as per your chart. I'm trading Elliott Wave with the daily, so all my pair entries are based on EU and GU direction. I had 9 entries today, 8 closed, my GU long posted earlier is my last trade for this week. If you have a counter trend strategy, then ignore this post. Trade Safe Guz {image}
If you trade with EW you must see this scenario at H4
Attached Image (click to enlarge)
Click to Enlarge Name: GUa.gif Size: 46 KB
Attached Image
  • #537,506
  • Jul 22, 2020 10:35am Jul 22, 2020 10:35am
...break of the current p/back hi and fresh air to y/day hi ? There is a new desc t/line on 4hr which joins 2813 with 2767 and on current 4hr candle comes thru very close to y/day's 2767 hi. 1hr chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 50 KB
Trader with an Edge.
  • #537,507
  • Jul 22, 2020 10:36am Jul 22, 2020 10:36am
dxy DS1 unlikely to break today, consilidation between 94.755-95
95 still not became real R, one time tested and after massive drop. i dont give it a count.


big fight around here.
will be very interesting to see how daily close

money management is the key
  • #537,508
  • Jul 22, 2020 10:36am Jul 22, 2020 10:36am
Quoting Guztro
{quote} That's a pitty TV, that was a good entry.
thanks Guztro
i think with a 5 pips sl that's a very good RR
  • #537,509
  • Jul 22, 2020 10:37am Jul 22, 2020 10:37am
Quoting SCopier
{quote} If you trade with EW you must see this scenario at H4 {image} {image}
Yip, that is why I'll be reassessing when price gets to 1.2763

Guz
Charts don't drive price, market conditions drive price...
  • #537,510
  • Jul 22, 2020 10:41am Jul 22, 2020 10:41am
Quoting Guztro
{quote} Yip, that is why I'll be reassessing when price gets to 1.2763 Guz
Thats where i close long and look for sell to, despite usdix can go lower to 94.200 or something ...
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  • #537,511
  • Jul 22, 2020 10:44am Jul 22, 2020 10:44am
Quoting HBN08
{quote} Yes im still not sure about the double top formation as you said we could already been there (sry for my english) im long until yesterdays high, after it depends of candles and momentum.. but 1.3 i think is to far without a good reatrace (at least this week i dont see it happen unless spain brings more bulls to the market but the truth is that we never know for sure (for sure we go a little up since candle closed above pivot)

HAHAHA... I agree. No 1.3. But possible 1.28.
Don't compare your trades to others. Most often the masses are the asses
  • #537,512
  • Jul 22, 2020 10:46am Jul 22, 2020 10:46am
Quoting OBsayMkMoney
{quote} HAHAHA... I agree. No 1.3. But possible 1.28.
1.27500 we go at least
Lets see how it plays, ill leave open trades if momentum comes strong
  • #537,513
  • Jul 22, 2020 10:46am Jul 22, 2020 10:46am
Quoting Guztro
{quote} Yip, that is why I'll be reassessing when price gets to 1.2763 Guz
agree
thinking 1.2763 max. for today
  • #537,514
  • Jul 22, 2020 10:47am Jul 22, 2020 10:47am
this is what I look for and how I trade
Attached Image (click to enlarge)
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #537,515
  • Jul 22, 2020 10:48am Jul 22, 2020 10:48am
Quoting HBN08
{quote} 1.27500 we go at least Lets see how it plays, ill leave open trades if momentum comes strong
strange she didnt make it already
  • #537,516
  • Jul 22, 2020 10:48am Jul 22, 2020 10:48am
Quoting thevisitor
{quote} agree thinking 1.2763 max. for today
tomorrow, only short. I want the close around 2730 or below.

Resistance at 2770.
Intraday only.
  • #537,517
  • Jul 22, 2020 10:49am Jul 22, 2020 10:49am
Quoting gatenio
{quote} strange she didnt make it already
matter of time, dxy is about to break down
Make money by doing the opposite of Giveachance aka loser
  • #537,518
  • Jul 22, 2020 10:51am Jul 22, 2020 10:51am
Quoting nessus94
{quote} matter of time, dxy is about to break down
not sure about it today..
dxy drop enough today for gu test the high again.
watch eu for example.
  • #537,519
  • Jul 22, 2020 10:53am Jul 22, 2020 10:53am
Quoting gatenio
{quote} not sure about it today.. dxy drop enough today for gu test the high again. watch eu for example.
Either today, or tomorrow

eu to 1.17 end of week possible
gu to 1.29 end of week possible

dxy below 93
Make money by doing the opposite of Giveachance aka loser
  • #537,520
  • Jul 22, 2020 10:54am Jul 22, 2020 10:54am
Closed my long and set limit below R
I mean short lol
Attached Image (click to enlarge)
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