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Cable Update (GBPUSD)

  • #552,741
  • Oct 13, 2020 8:13am Oct 13, 2020 8:13am
Use fibo and we know where price go
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  • #552,742
  • Oct 13, 2020 8:13am Oct 13, 2020 8:13am
Quoting pipfarm
{quote} Why 2992? because if your following wave structure then surely the low of wave 4 @3005 of the extended wave 3 is max retracement point for the start of wave 5 and even then its a hell of a risk to take a long from there unless the price starts to swing trend up.
pipfarm, 1.2990 now...261.8% Alternate Price Projection (APP) standard max for end of W(5) in wave C
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Always trade your own plan...I don't provide trading signals.
  • #552,743
  • Oct 13, 2020 8:19am Oct 13, 2020 8:19am
Quoting Coreg2004
{quote} pipfarm, 1.2990 now...261.8% Alternate Price Projection (APP) standard max for end of W(5) in wave C {image}

That is some weird abc you have drawn there but thanks anyway
Follow The Markets Structure - Patience and Discipline
  • #552,744
  • Oct 13, 2020 8:21am Oct 13, 2020 8:21am
Closed another 35pips what a sweet day it has been
  • #552,745
  • Oct 13, 2020 8:24am Oct 13, 2020 8:24am
Quoting epzero
{quote} It tested yesterday’s low so it will come back to break it and continue selling
Played out well
  • #552,746
  • Oct 13, 2020 8:24am Oct 13, 2020 8:24am
All long scenarios are now invalidated , including elliott wave, pivot points support/resistance etc etc only thing i see is a swing reversal

3007 swing top reversed

Brexit sell off has began
Follow The Markets Structure - Patience and Discipline
  • #552,747
  • Oct 13, 2020 8:28am Oct 13, 2020 8:28am
There goes 1,2975 for 40 free pips

just sell and forger the longs
Make money by doing the opposite of Giveachance aka loser
  • #552,748
  • Oct 13, 2020 8:29am Oct 13, 2020 8:29am
Quoting pipfarm
All long scenarios are now invalidated , including elliott wave, pivot points support/resistance etc etc only thing i see is a swing reversal 3007 swing top reversed Brexit sell off has began
Hahahaha you guys are really funny , are you just knowing about brexit ? If not why did you go long before ?
  • #552,749
  • Oct 13, 2020 8:30am Oct 13, 2020 8:30am
Nice! In short 1.3, hoping to hold for the brexit sell off. Made some silly mistakes (lessons) today elsewhere so it's good to see green pips here!
  • #552,750
  • Oct 13, 2020 8:30am Oct 13, 2020 8:30am
Quoting nessus94
There goes 1,2975 for 40 free pips just sell and forger the longs
They are now blaming brexit
  • #552,751
  • Oct 13, 2020 8:32am Oct 13, 2020 8:32am
Quoting ChiForex
{quote} Short entered on Friday @1.3045 have first Tp @1.2975, second Tp @1.2875 and SL @1.3105, with trailing stop according to price action. Generally, a base above 1.3030 necessary to start bullish movement to 1.3070 that needs another base above for strong movement upward while a base below 1.2970 necessary to continue medium term downtrend to 1.2870s first. The pair stuck in this 200pip range until one of both movements prevail...
Tp1 met, trailing stop on if Tp2 not targeted before..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #552,752
  • Oct 13, 2020 8:35am Oct 13, 2020 8:35am
i knew it
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yes yes yes
  • #552,753
  • Oct 13, 2020 8:35am Oct 13, 2020 8:35am
Quoting epzero
{quote} Hahahaha you guys are really funny , are you just knowing about brexit ? If not why did you go long before ?

Hey my entry was supposed to be when the trend resumed , however i took a presumptive small long in the hope of getting in at a better price , my mistake, and if you read my earlier post, i have been warning that this bullish price action is corrective and that the scenario could change to short at any time.


Btw , i think your the funny guy here because you never actually give a call, but your very quick to claim the pips
Follow The Markets Structure - Patience and Discipline
  • #552,754
  • Oct 13, 2020 8:37am Oct 13, 2020 8:37am
Quoting buddha-
g.nite
g.nite GU 1.2970
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #552,755
  • Oct 13, 2020 8:38am Oct 13, 2020 8:38am
Quoting epzero
{quote} They are now blaming brexit
when it drops even more, we will see more tears rofl
Make money by doing the opposite of Giveachance aka loser
  • #552,756
  • Oct 13, 2020 8:44am Oct 13, 2020 8:44am
Quoting nessus94
{quote} when it drops even more, we will see more tears rofl
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Maadik Hugiis. IQ 69.
  • #552,757
  • Oct 13, 2020 8:45am Oct 13, 2020 8:45am
Quoting Moty
i knew it {image}
if you knew it you would have waited a little before closing your short. I almost cried when i saw you closed your short and entered a long.
  • #552,758
  • Oct 13, 2020 8:47am Oct 13, 2020 8:47am
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yes yes yes
  • #552,759
  • Oct 13, 2020 8:49am Oct 13, 2020 8:49am
Quoting nessus94
{quote} when it drops even more, we will see more tears rofl
where is JayBag lol, he has gone back to his shell of losses later he will come here and say he is a trader, and for all those who said i wasn't good i hope today proved you all wrong.
  • #552,760
  • Oct 13, 2020 8:49am Oct 13, 2020 8:49am
This move is about dollar strength / risk aversion. With earnings season, there may be more of that.
Brexit move has not yet started, but it probably will in a few days. Market is almost 100% certain talks will drag on... well, maybe so (I would give 50/50 chance to UK walking away), but if the market is wrong, the correction will be huge.
I am still holding my short from 1.297, it were uncomfortable few days, and I am well aware that price may still go north, but fundamentals are in my favour I believe, and risk/return looks good.
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