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Cable Update (GBPUSD)

  • #550,901
  • Oct 1, 2020 12:02pm Oct 1, 2020 12:02pm
Im standing by... and its calming down now.... damn.. lol
Done for to day ...
Trade with prediction = witch with her visions lol
  • #550,902
  • Edited 1:10pm Oct 1, 2020 12:05pm | Edited 1:10pm
Could be a triangle or some other corrective pattern for the last b wave forming

Usually at tops these nasty patterns have a habit of making an appearance

On Reflection now small b pattern seems complete it is a wxy triple wave pattern flat zigzag and triangle , if you look on 5 minute its more clear.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 25 KB
Follow The Markets Structure - Patience and Discipline
  • #550,903
  • Oct 1, 2020 12:53pm Oct 1, 2020 12:53pm
Out my long. Will look for 1.2845 to long it again tomorrow.
  • #550,904
  • Edited 1:29pm Oct 1, 2020 1:09pm | Edited 1:29pm
Quoting pipfarm
Could be a triangle or some other corrective pattern for the last b wave forming Usually at tops these nasty patterns have a habit of making an appearance On Reflection now the pattern seems complete it is a wxy triple wave pattern flat zigzag and triangle , if you look on 5 minute its more clear. {image}

Theoretically this down move should go to test the 4 hour resistance @2790 to complete wave 2 (coinciding with the 61.8 fibo) of the new daily up swing , so maybe fireworks tomorrow and a surprise up move for wave 3 but will watch PA for further decisions especially as its NFP day.
Follow The Markets Structure - Patience and Discipline
  • #550,905
  • Oct 1, 2020 1:32pm Oct 1, 2020 1:32pm
No agreement between White House and Democrats on US stimulus. This should weigh on stocks and USD pairs.
  • #550,906
  • Oct 1, 2020 1:50pm Oct 1, 2020 1:50pm
who said trading is difficult?

See those lines and how PA responds there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 36 KB
Click to Enlarge Name: XAUUSDM5.png Size: 36 KB
Intraday only.
  • #550,907
  • Oct 1, 2020 2:25pm Oct 1, 2020 2:25pm
price ranging in a tide range after a big whipsaws today , probably the move will come tomorrow.
i will wait hour and a half and and will exit , no meter what
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
yes yes yes
  • #550,908
  • Oct 1, 2020 3:04pm Oct 1, 2020 3:04pm
The daily chart has a hidden bearish divergence on RSI. This might head lower again.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 101.png Size: 34 KB
  • #550,909
  • Oct 1, 2020 3:12pm Oct 1, 2020 3:12pm
Quoting shahab8b
The daily chart has a hidden bearish divergence on RSI. This might head lower again. {image}
It is jammed isn't it
Compulsions can be hard to resist
  • #550,910
  • Oct 1, 2020 3:17pm Oct 1, 2020 3:17pm
Quoting trumps
{quote} It is jammed isn't it
It's trapped between 1.28 and 1.30. Looking at this, I'd say more likely to break 1.28 first.

The hidden divergence is more clear on this one
Attached Image (click to enlarge)
Click to Enlarge Name: GU daily divergence.PNG Size: 95 KB
  • #550,911
  • Oct 1, 2020 3:29pm Oct 1, 2020 3:29pm
Quoting shahab8b
{quote} It's trapped between 1.28 and 1.30. Looking at this, I'd say more likely to break 1.28 first. The hidden divergence is more clear on this one {image}
Yeah it's hard to tell as only on my phone.
I went long on Monday Asia session off first weekly support.
You really do some very good and clear trading across a number of pairs
Compulsions can be hard to resist
  • #550,912
  • Oct 1, 2020 3:32pm Oct 1, 2020 3:32pm
Quoting shahab8b
{quote} It's trapped between 1.28 and 1.30. Looking at this, I'd say more likely to break 1.28 first. The hidden divergence is more clear on this one {image}
I am learning a lot from your charts of how to get more involved beyond my usual practice of swing trading this pair alone.

Your balanced market commentary is great to read
Compulsions can be hard to resist
  • #550,913
  • Oct 1, 2020 3:42pm Oct 1, 2020 3:42pm
all out!!
small loss .
daily profit closed on 533 $ after it was 580 at the peak ..
all the profit was withdrawn to keep my feet on the ground.
when i start small , i usually Finnish big
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #550,914
  • Oct 1, 2020 4:57pm Oct 1, 2020 4:57pm
Quoting Moty
all out!! small loss . daily profit closed on 533 $ after it was 580 at the peak .. all the profit was withdrawn to keep my feet on the ground. when i start small , i usually Finnish big {image}
wise choice Moty the key to wining is to avoid taking losses into a new day, you can sleep well and have a fresh mindset for the new day.
  • #550,915
  • Oct 1, 2020 5:33pm Oct 1, 2020 5:33pm
I am also all out, can't wait to buy limit 1.2845 tomorrow.
  • #550,916
  • Oct 1, 2020 6:46pm Oct 1, 2020 6:46pm
lol i can't out,. 300 thousand dollar to go ( baby target ) add more short baby

ppl have a power to do <--- nonono <-- yayaya
  • #550,917
  • Oct 1, 2020 7:44pm Oct 1, 2020 7:44pm
Quoting genghistar
{quote} Stop moved to BE. Green pips to all. Cheers
GM from Asia,
Lower my stop down to 12816 from 12825 BE.
Added Buying from 12860 to12850 with TP just above 13002.
GL and green pips to all.

Cheers
  • #550,918
  • Oct 1, 2020 9:44pm Oct 1, 2020 9:44pm
Look like going to downward right now, later... idk. Today is Friday wish will hit my TP
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 51 KB
  • #550,919
  • Oct 1, 2020 10:11pm Oct 1, 2020 10:11pm
took short for close target daily s1 1.28104
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
Click to Enlarge Name: gu2.png Size: 37 KB
Click to Enlarge Name: dx1.png Size: 23 KB
yes yes yes
  • #550,920
  • Oct 1, 2020 10:18pm Oct 1, 2020 10:18pm
good profit yesterday/ a small short based on H4
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