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Cable Update (GBPUSD)

  • #541,561
  • Aug 7, 2020 9:52am Aug 7, 2020 9:52am
Week started ugly, but I am glad it is ending this way. Even if I totally forgot it was Friday! lol. Good week though. Even the guy learning hit his targets!
Don't compare your trades to others. Most often the masses are the asses
  • #541,562
  • Aug 7, 2020 9:58am Aug 7, 2020 9:58am
Quoting shahab8b
GBPUSD, possible double top, watch 1.2980-1.1300 S zone (neckline) {image}
Hi Shahab,
unfortunately I can't answer on your thread since I'm not a "High Impact" member. I like most of yours and Coreg's analysis since I studied the patterns that you use (I have read Murphy, Edwards and Magee, Frost and Prechter, and Bulkowsky).

If double top confirmed, it will target under 1.28, ex-resistence June 10th, ok, easy

From more than 2 weeks Non-Commercials are loading short positions, and I'm waiting for another confirmation in the report later. Looking at Daily chart, seems like an Intermediate trend is over. For the Dow Theory if confirmed, statistically, we should expect a retracement between 1/3 and 2/3 of the swing from from 1.14. Do you see some confluence with this on Daily chart?
  • #541,563
  • Aug 7, 2020 10:10am Aug 7, 2020 10:10am
Quoting mkvy
I made direct contact with the guru. He says, "The fall is coming", or maybe i miss heard,"The Fool is coming"
Man you are very annoying.
  • #541,564
  • Aug 7, 2020 10:14am Aug 7, 2020 10:14am
Quoting Bydyke
The bulls are now responding with intent. Usually, when PA gets to S3, the bulls are usually too tired to counter but not today. They've wasted no time to brandish their horns

?????
Don't compare your trades to others. Most often the masses are the asses
  • #541,565
  • Aug 7, 2020 10:19am Aug 7, 2020 10:19am
stopped out GJ, reentered long. boring week, all ranges. still want to see north, and GU hit demand again, 3rd time, so maybe its done now. any break below 1.298 would have me selling GBP i think. see ya next week.
  • #541,566
  • Aug 7, 2020 10:20am Aug 7, 2020 10:20am
Quoting Vincent1
{quote} Hi Shahab, unfortunately I can't answer on your thread since I'm not a "High Impact" member. I like most of yours and Coreg's analysis since I studied the patterns that you use (I have read Murphy, Edwards and Magee, Frost and Prechter, and Bulkowsky). If double top confirmed, it will target under 1.28, ex-resistence June 10th, ok, easy From more than 2 weeks Non-Commercials are loading short positions, and I'm waiting for another confirmation in the report later. Looking at Daily chart, seems like an Intermediate trend is over. For the...
Hi Vincent, I'd take one step at a time. The double top is not confirmed yet. Moreover, I'm looking at other pairs, and I'm thinking they may actually be forming a continuation pattern as a triangle. The pattern on EU looks more like a triangle formation in process. So I won't be surprised if that is the case with GU as well. You know sometimes the chart is very clear and you can just trade what you see, other times it is better to wait for more clarity. Being on the sidelines when you are not certain is always the smart move imo.
Attached Image (click to enlarge)
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  • #541,567
  • Aug 7, 2020 10:24am Aug 7, 2020 10:24am
Quoting Marcieny
{quote} Man you are very annoying.
Hi Marcie, I have noticed his Modus Operandi. Takes little stabs at traders here and when they answer, no response. Use a fly swat and hopefully it works
Trade to trade another day
  • #541,568
  • Aug 7, 2020 10:25am Aug 7, 2020 10:25am
Quoting Marcieny
{quote} Man you are very annoying.

What? You mean he isn't impressing you?
Don't compare your trades to others. Most often the masses are the asses
  • #541,569
  • Aug 7, 2020 10:50am Aug 7, 2020 10:50am
Quoting OBsayMkMoney
{quote} What? You mean he isn't impressing you?
Not
  • #541,570
  • Edited 11:02am Aug 7, 2020 10:50am | Edited 11:02am
GBP chart.

The 161 held like a champ. Drawn off of a daily signal that came in last week. I am testing out a theory. Two for two so far. Worked on UJ, now on GU. Will share once I am sure. No fear of others succeeding here. I would say we are clear through to the 100. Need to add more curves to be sure, but I think I am done for the week. First time ever I feel sated.
Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #541,571
  • Aug 7, 2020 10:53am Aug 7, 2020 10:53am
If dax fills the gap above... eur and gu will probably go up and the dollar may fall yet.
Anyway, today there is not much to do so I may spend time waiting, so I will do other things ... have a great weekend.
  • #541,572
  • Aug 7, 2020 11:07am Aug 7, 2020 11:07am
Short trap set at 30845. I see a small retrace to there Sunday. We may gap down. Close the gap, then continue down to continue corrective push. Dollar is showing potential for a little move south to the trend line. We have a Joltz Job report out on Monday. The two employment numbers this week were both better than expected. Will the Jolts follow? If so we can go down until at least next Thursday. Good luck all. Trade safe.
Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #541,573
  • Aug 7, 2020 11:35am Aug 7, 2020 11:35am
Attached Image (click to enlarge)
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be patient
  • #541,574
  • Aug 7, 2020 11:43am Aug 7, 2020 11:43am
there was bearish bias for the all day , i don't understand why i took that trade and worse then that , why i put my tp at yesterday low ( 1.31281 ) moves it lower to daily s1 after it dropped
Attached Image (click to enlarge)
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yes yes yes
  • #541,575
  • Aug 7, 2020 11:51am Aug 7, 2020 11:51am
Quoting Marcieny
{quote} Man you are very annoying.
why you i ignoring him , push the button
yes yes yes
  • #541,576
  • Aug 7, 2020 11:54am Aug 7, 2020 11:54am
Quoting Marcieny
{quote} Man you are very annoying.
You nailed it.....

Thanks for the great laugh Marci.....
Don't Leave Money on the Table
  • #541,577
  • Aug 7, 2020 12:03pm Aug 7, 2020 12:03pm
Because i am a very high impact member, and i trade very well, quite a rare thing. Very soon i will be a red diamond. CLEAR evidence that i know what i am doing
I am selling GBPUSD.. See you next week, have a lovely weekend
Drop like a stone.ex4
  • #541,578
  • Edited 12:25pm Aug 7, 2020 12:14pm | Edited 12:25pm
Quoting mkvy
Because i am a very high impact member, and i trade very well, quite a rare thing. Very soon i will be a red diamond. CLEAR evidence that i know what i am doing I am selling GBPUSD.. See you next week, have a lovely weekend Drop like a stone.ex4
Actually it says 'medium impact' But oh what an impact ,? and how ? - nothing remotely positive or useful that's for sure. Lol, Moty has a red diamond ! (Sorry Moty.) But at least being in the same club will bring you two closer.
Trader with an Edge.
  • #541,579
  • Aug 7, 2020 12:19pm Aug 7, 2020 12:19pm
Quoting Moty
there was bearish bias for the all day , i don't understand why i took that trade and worse then that , why i put my tp at yesterday low ( 1.31281 ) moves it lower to daily s1 after it dropped {image}

oh dear Moty, better luck next time ,keep trying, have you done your 10000 hours of study?
Follow The Markets Structure - Patience and Discipline
  • #541,580
  • Aug 7, 2020 12:26pm Aug 7, 2020 12:26pm
Quoting Headland
{quote} Actually it says 'medium impact' But oh what an impact ,? and how ? - nothing remotely positive or useful that's for sure. Lol, Moty has a red diamond ! (Sorry Moty.) But at least being in the same club will bring you two closer.
Please stop trying to bring us closer. We need to keep the conversation about trading
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