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Cable Update (GBPUSD)

  • #541,261
  • Aug 6, 2020 8:33am Aug 6, 2020 8:33am
AS of now, 3150 seems to be holding
Intraday only.
  • #541,262
  • Aug 6, 2020 8:35am Aug 6, 2020 8:35am
Quoting gatenio
{quote} i like you so i will share with you something. if h1 and h4 uptrend (im not even talk about daily and weekly) don't sell it no matter what, never try to guess when it will flip (you can guess, dont sell) you just need to decide on lower tf like m15 (my favorite) when you are stop buying or close your open buys for you to not lose too much. i dont say it is not going down, just let you know what i've learned while throwing a lot of money to the garbage. when you holding a loser trade it help you recognize wonderful things (better not holding...
Thank you for sharing with me your idea..yes i see alot of traders go the 15 min..but not something im used to, yes i check it but not main chart for day trade, i should start practise more the 15 min chart but i dont know why that low charts make me nervous..yep that sentece is true "the trend is your friend"
Im not in a very long time in trade tho i need to improve alot of points but one that im trying to main best is my risk..
(sorry i went to eat)
Price looks will go up
  • #541,263
  • Aug 6, 2020 8:45am Aug 6, 2020 8:45am
I think GU has completed its 5th wave. Next should be an abc correction and consolidation, then it will resume down to parity. This scenario is only if no brexit deal is confirmed. Otherwise, a rocket sky is expected. BTW, a bull trap is underway.
Attached Image (click to enlarge)
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  • #541,264
  • Aug 6, 2020 8:51am Aug 6, 2020 8:51am
...1hr asc trend line and 50% fib at top of that prev 1hr sw hi = prev res = pot supp seeing the rise after the p/back....10/15min bullish hidden div led the way there - a hi-prob pot supp factor confluence. Will we see a new trend hi ? Seems plenty of sellers in that zone up to 3200-3209 prev dly/wkly sw hi's.
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Trader with an Edge.
  • #541,265
  • Aug 6, 2020 8:53am Aug 6, 2020 8:53am
i bought new hourly high
Attached Image (click to enlarge)
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yes yes yes
  • #541,266
  • Aug 6, 2020 8:54am Aug 6, 2020 8:54am
Hi Guys,

Opened a buy trade a 1.31680. Tight s/loss.

Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #541,267
  • Aug 6, 2020 8:56am Aug 6, 2020 8:56am
I think this is a continuation pattern ,slightly defective by the wicks =ignore the wicks only bodies then the pattern is right and reliable.
daily close dictates
however it is right under pivot and tl

Quoting Bones
2 idea 1 post A version of rising 3 possible ,bullish close over is super high probability it cannot take the pattern next, without higher. {image} {image}
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 003 GBPUSD-Daily.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #541,268
  • Aug 6, 2020 9:00am Aug 6, 2020 9:00am
This is my view, correct me if different with yours
Attached Image(s) (click to enlarge)
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  • #541,269
  • Aug 6, 2020 9:07am Aug 6, 2020 9:07am
the price if it breaks 3150... it is better to buy at lows of the day
Intraday only.
  • #541,270
  • Aug 6, 2020 9:11am Aug 6, 2020 9:11am
My analysis for cable. EURUSD is similar as well. I'm new to Elliot wave and I went live march 2020 so take with a grain of salt
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  • #541,271
  • Aug 6, 2020 9:13am Aug 6, 2020 9:13am
fantabulous volatility at last.

Good money.

Intraday only.
  • #541,272
  • Aug 6, 2020 9:14am Aug 6, 2020 9:14am
Quoting Fadhl
I think GU has completed its 5th wave. Next should be an abc correction and consolidation, then it will resume down to parity. This scenario is only if no brexit deal is confirmed. Otherwise, a rocket sky is expected. BTW, a bull trap is underway. {image}
why w3 is shorter than w1?
  • #541,273
  • Aug 6, 2020 9:17am Aug 6, 2020 9:17am
stopped out both way lol
Attached Image(s) (click to enlarge)
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yes yes yes
  • #541,274
  • Aug 6, 2020 9:18am Aug 6, 2020 9:18am
Quoting emannnn
{quote} why w3 is shorter than w1?
It can be shorter than W1 or W5...W3 can't be the shortest...
Always trade your own plan...I don't provide trading signals.
  • #541,275
  • Aug 6, 2020 9:20am Aug 6, 2020 9:20am
Quoting Fadhl
I think GU has completed its 5th wave. Next should be an abc correction and consolidation, then it will resume down to parity. This scenario is only if no brexit deal is confirmed. Otherwise, a rocket sky is expected. BTW, a bull trap is underway. {image}
Thats we call wolf waves. Let see drop like stone.
  • #541,276
  • Aug 6, 2020 9:22am Aug 6, 2020 9:22am
Max high: 1.3184/1.3208 (15% chance) expire 07/08/2020
Exp Low : 1.2750/1.2680 (85% chance) expire 14/08/2020.

Please no attacks. For me only.
Data + Stat + Risk/Emotions Management
  • #541,277
  • Aug 6, 2020 9:22am Aug 6, 2020 9:22am
H1 short amen.Soon H4 amen
  • #541,278
  • Aug 6, 2020 9:23am Aug 6, 2020 9:23am
Quoting Moty
stopped out both way lol {image} {image}
make yourself a favor, stop trading until you have a real system
long on top, short on bottom, long on top, short on bottom

you should stop the bleeding, maybe you are fit for trading
Make money by doing the opposite of Giveachance aka loser
  • #541,279
  • Aug 6, 2020 9:24am Aug 6, 2020 9:24am
Quoting Wavegarrick
Hi Guys, Opened a buy trade a 1.31680. Tight s/loss. Cheers. {image}
Well caught Leon
  • #541,280
  • Aug 6, 2020 9:25am Aug 6, 2020 9:25am
Double bottom on usdx h1
Attached Image (click to enlarge)
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