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Cable Update (GBPUSD)

  • #544,001
  • Aug 21, 2020 10:34am Aug 21, 2020 10:34am
I think it's safe for buy testing
BARAK
  • #544,002
  • Aug 21, 2020 10:40am Aug 21, 2020 10:40am
I sold GBPUSD at 1.3087

Take Profit: 175 pips

Stop Loss: 145 pips
  • #544,003
  • Aug 21, 2020 10:44am Aug 21, 2020 10:44am
Quoting MarketPatrol
I think it's safe for buy testing
I prefer still wait ... Need confirm...
  • #544,004
  • Aug 21, 2020 10:44am Aug 21, 2020 10:44am
Inserted Video
  • #544,005
  • Aug 21, 2020 10:46am Aug 21, 2020 10:46am
now + 50 pips from 2 trades

wish me luck)
Attached Image (click to enlarge)
Click to Enlarge Name: gu 21 08 03.jpg Size: 179 KB
Like your wife says, hold the fucking position until I tell you I'm done.
  • #544,006
  • Aug 21, 2020 10:53am Aug 21, 2020 10:53am
take it now, no more 50 enough ( 500$ )
  • #544,007
  • Aug 21, 2020 11:01am Aug 21, 2020 11:01am
Quoting shahab8b
{quote} Thanks buddy! I saw how fast you flipped that position, that's a rare talent among traders. Have you seen the TV show "Billions"? The following is a quote from Billions on doing a "180" "I have this exercise I do with my clients called the 180. When they’ve lost the thread, when they’re so fixated on a stock, they can’t see it’s a dumpster burning in front of them. Maybe they can cut their losses. But only a great few, can go the opposite way, can pivot, and see that it’s really a short."
I love Billions
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #544,008
  • Aug 21, 2020 11:18am Aug 21, 2020 11:18am
Maybe we Will a up trend set up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CamScanner 08-21-2020 19.16.29_1.jpg Size: 126 KB
Click to Enlarge Name: CamScanner 08-21-2020 19.14.51_1.jpg Size: 133 KB
yes yes yes
  • #544,009
  • Aug 21, 2020 11:27am Aug 21, 2020 11:27am
So,

For what it's worth i'll throw some Elliot here up for some
"Nut's & Bolts" of the Ball-Game here. We may have thought
we were getting "Faked" by Longs here, up close to the Previous High.

However,
If you look Wave-3 was clearly "Exhausted". Just look at your Daily Chart,
Your Weekly Chart, your 4 hr Chart, etc, etc. Don't make it complex or
too hard on yourself. Follow the Technical's, -that's what i have to do,
not everybody's opinion, -or even mine for that matter. -PLS!
Read up on the Wave Count, here, Pls- Even me or Mine!
I myself got "Tangled-Up" in that Wave-5, Inside of Wave-3. -It was a tricky one!
Don't blow up your account(s) Take your edge, work it, move on.
I'll shut up for now- Here's my Chart, Sorry to blabber so-much, onward we go.

P.S. Ask yourself, "How Far Does Wave-4 Retrace, of a Wave-3?" -Google it.
Those would be potential "Entries" back into Long's if that is your Bias.
Happy Friday, Jeff out
Attached Image (click to enlarge)
Click to Enlarge Name: 8_21_2020 GBP_USD Retracement Levels of GIANT Wave-3.png Size: 143 KB
I will work to Objectively Identify my Edges
  • #544,010
  • Aug 21, 2020 11:30am Aug 21, 2020 11:30am
I can give you some advise price is minus 128 pips ,thats one h1 candle
it has to break that level

Quoting Moty
Maybe we Will a up trend set up {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: mot 08-21-2020 19.16.29_1.jpg Size: 152 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,011
  • Aug 21, 2020 11:32am Aug 21, 2020 11:32am
Hi Guys,

Interesting to note that GU has had a weekly close just below 1.31000 for 3 weeks and going into the 4th week now. I am waiting to see if they flip this weekly close above 1.31000. It spells 2 things for me. Have we reached the wall and Gu is preparing for a bearish onslaught? Or is support building around this area? I can't wait to see the weekly close. A weekly close above 1.31000 could be good for bulls. My weekly support at 1.30843 is holding and we were unable to get a 4hr close below as yet.

Either way, it has been difficult trading from a 4 hr perspective.

Have a great weekend.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_724.png Size: 80 KB
Trade to trade another day
  • #544,012
  • Aug 21, 2020 11:39am Aug 21, 2020 11:39am
No need to wait...
You can use a bottom up approach i.e d1 to forecast weekly
Course, I forecast it Wed ,thats not possible apparently
You will not change it ,only more bearish as eu
Attached Image (click to enlarge)
Click to Enlarge Name: 21 GBPUSD-Weekly.png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,013
  • Aug 21, 2020 11:40am Aug 21, 2020 11:40am
And Again,
You Draw your own Fib's...
But what i see...
Step 1:
_ 1.3024 @23.6% Level, that's at least step-1 of this GIANT Wave-3 we've had.
(Again, get on the right side of the game by asking "How far does a Wave-4 go?").
-We've got at least that to go, and maybe more in the tank i'd wager, -is possible!
Happy Friday Gang
Attached Image (click to enlarge)
Click to Enlarge Name: 8_21_2020 GBP_USD WAVE-4 Potential Targets.png Size: 45 KB
I will work to Objectively Identify my Edges
  • #544,014
  • Aug 21, 2020 11:45am Aug 21, 2020 11:45am
Hi Terp ,glad to see you back
So C can go any of those levels ?

Quoting TerpFan2
And Again, You Draw your own Fib's... But what i see... Step 1: _ 1.3024 @23.6% Level, that's at least step-1 of this GIANT Wave-3 we've had. (Again, get on the right side of the game by asking "How far does a Wave-4 go?"). -We've got at least that to go, and maybe more in the tank i'd wager, -is possible! Happy Friday Gang {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,015
  • Aug 21, 2020 11:48am Aug 21, 2020 11:48am
Inserted Video
  • #544,016
  • Aug 21, 2020 11:54am Aug 21, 2020 11:54am
Thank You Brother Bones,

Super-Good to see you in here too, -from the Navin days,
to many others...

I had a darn previous-post w/it; -here's a "One-Liner", i pulled down:

Fibonacci Ratio Relationship:
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
I have another here, i'll drag-up...
AND Here we go:
Attached Image

Again, as you know- And guys, as Bone's knows...
You make your own-decision(s) on where it Retraces to.
As AM Radio say's "You make the Sports-Call" folk's.
Super-Great Hearing from you Bones
I will work to Objectively Identify my Edges
  • #544,017
  • Aug 21, 2020 11:54am Aug 21, 2020 11:54am
Quoting Theoak
Long in at 1.3096

Well I've been in this trade for over three hours. I hope that this has just put a higher low in on the 5 min chart. I intend to keep this only today before the spread gets too big!!! I think with this bearish daily candle at the moment it might be the start of a bear run next week!!!
Don't trade what you think. Just what you see!!!
  • #544,018
  • Aug 21, 2020 11:59am Aug 21, 2020 11:59am
Thanks, it has to hit one of those levels to be right

Quoting TerpFan2
Thank You Brother Bones, Super-Good to see you in here too, -from the Navin days, to many others... I had a darn previous-post w/it; -here's a "One-Liner", i pulled down: Fibonacci Ratio Relationship: • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50% I have another here, i'll drag-up... AND Here we go: {image} Again, as you know- And guys, as Bone's knows... You make your own-decision(s) on where it Retraces to. As AM Radio say's "You make the Sports-Call" folk's. Super-Great Hearing from you Bones
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #544,019
  • Aug 21, 2020 12:02pm Aug 21, 2020 12:02pm
add $ at short ( if you want ) NOW!!!
  • #544,020
  • Aug 21, 2020 12:05pm Aug 21, 2020 12:05pm
tl lines up with those fibs
Attached Image (click to enlarge)
Click to Enlarge Name: fib GBPUSD-Daily.png Size: 75 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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