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Cable Update (GBPUSD)

  • #557,341
  • Nov 5, 2020 10:13am Nov 5, 2020 10:13am
Price is really high at the moment...

Don't even think twice! Just !
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Maadik Hugiis. IQ 69.
  • #557,342
  • Nov 5, 2020 10:16am Nov 5, 2020 10:16am
Quoting Barnell
{quote} USD sleeping, nothing can be moved...
it's a sleeping dragon , it will soon wake up
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yes yes yes
  • #557,343
  • Nov 5, 2020 10:17am Nov 5, 2020 10:17am
Quoting Coreg2004
{quote} Jeff, allow me to mess with your head as you did to me a few days back when you gave us 3 scenarios... {image}
Brother Coreg,
-I know... I'm Scalping. -I Must Confess that as a Sin, -I Know.
NOT something Miner would ever approve of, -or teach us.
I'm "SHORT" Now, Thank's to Moty's Hammer, AGAIN-

YOU SLY DOG, you "MOTY"... YOU BROUGHT it OUT EARLY,
at that TRENDLINE- WELL Pal, I stayed in 'till Just ABOVE that 50% 'tile:
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SHORT...
Here comes Wave-3 or "C" of this Mess DOWN...
DOWN PERISCOPE- HIT IT ALL THE WAY DOWN MOTY!!!
I will work to Objectively Identify my Edges
  • #557,344
  • Nov 5, 2020 10:18am Nov 5, 2020 10:18am
Quoting MoneyZilla
Price is really high at the moment... Don't even think twice! Just ! {image}{image}
Everyone is selling switch to buy blindly
  • #557,345
  • Nov 5, 2020 10:19am Nov 5, 2020 10:19am
Quoting MoneyZilla
Price is really high at the moment... Don't even think twice! Just ! {image}{image}

Money man I don’t think bankers even come on FF and will see that

They know there are too many monkeys on here...
plus those 48 lots are pennies to them
  • #557,346
  • Nov 5, 2020 10:19am Nov 5, 2020 10:19am
Quoting MoneyZilla
Price is really high at the moment... Don't even think twice! Just ! {image}{image}
you don't feel sorry for those who do not understand your cynicism?
  • #557,347
  • Edited 10:31am Nov 5, 2020 10:20am | Edited 10:31am
Quoting Coreg2004
{quote} Jeff, allow me to mess with your head as you did to me a few days back when you gave us 3 scenarios... {image}
im going with this scenario and stop placed accordingly , so win win either way

apart from that , i do not agree with your ABC scenario , just does not look right to me and neither does your B wave count look right to me but your charts are appreciated

I might even go with an extending wave 5 as in your scenario wave 1 did not extend , and usually 2 of the 3 do so.
Follow The Markets Structure - Patience and Discipline
  • #557,348
  • Nov 5, 2020 10:24am Nov 5, 2020 10:24am
"EVIDENCE"...
OF MOTY's G R A N D - "HAMMERTIME", at Work:
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I will work to Objectively Identify my Edges
  • #557,349
  • Nov 5, 2020 10:25am Nov 5, 2020 10:25am
so easy.....
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  • #557,350
  • Nov 5, 2020 10:27am Nov 5, 2020 10:27am
SELL?

Think it 1000 times for strong pound
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  • #557,351
  • Nov 5, 2020 10:34am Nov 5, 2020 10:34am
Quoting pipfarm
{quote} im going with this scenario and stop placed accordingly , so win win either way apart from that , i do not agree with your ABC scenario , just does not look right to me and neither does your B wave count look right to me but your charts are appreciated I might even go with an extending wave 5 as in your scenario wave 1 did not extend , and usually 2 of the 3 do so.
pipfarm, it was my #2 scenario, and everything is by the book too...look at the 5M chart...I will take bearish bat pattern (if triggered) or wait for potential 4th???
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Always trade your own plan...I don't provide trading signals.
  • #557,352
  • Nov 5, 2020 10:38am Nov 5, 2020 10:38am
...Georgia Judge throws out Trump's nonsense lawsuit....he can't win it with votes so he'll try and win it by litigation...act of a desperate man. Roll on Nevada likely to declare next.....Biden ahead and would give him the 270 he needs.
----------------------------------------------------------------------

Fractal double top (?) now 1hr...drop found support in that prev 5min congestion zone.
Trader with an Edge.
  • #557,353
  • Nov 5, 2020 10:39am Nov 5, 2020 10:39am
Brother Coreg's stuff is Spot-On...
Sure, we all can call it to early, or whatever, or be off, etc...

I was wisely "Cautioned" by Experience, -on that 4hr chart; But that Sucker did not break.
Note: Our 4hr did not Break that Sucker, today -(again), -yet.

In other words, We did NOT "Pop" that 4hr Chart High, -and,
So if you take it down to a 1hr Chart, Coreg's Chart line's up, w/it being just an A-B-C.
-(Again, At the Moment).

I just got my "hat on backwards" & 'am scalping like a Mother-Trucker,
-w/Trend and Wave Set's; -Up & Down...
My Apologies, if my Up/Down Call's are misleading.
I will work to Objectively Identify my Edges
  • #557,354
  • Nov 5, 2020 10:39am Nov 5, 2020 10:39am
Quoting fxmasterdxb
{quote} Everyone is selling switch to buy blindly
I think many people are buying USD ahead of FOMC....
I will tear the world apart for you.
  • #557,355
  • Nov 5, 2020 10:51am Nov 5, 2020 10:51am
Quoting Barnell
{quote} I think many people are buying USD ahead of FOMC....
Non event today? or something special for the election ?
COT: The precious data ignored
  • #557,356
  • Nov 5, 2020 10:51am Nov 5, 2020 10:51am
Quoting Coreg2004
{quote} pipfarm, it was my #2 scenario, and everything is by the book too...look at the 5M chart...I will take bearish bat pattern (if triggered) or wait for potential 4th??? {image}

Am i missing something here, just to let you know i do not use elliott waves to make my trading decisions , i only use the corrective impulsive scenario, that is it but again i find this elliott stuff interesting

Also the previous wave before the 5 wave up was 5 waves down but not an impulse , corrective more like a triple zigzag which confirms the 5 wave up, if you look at daily chart the 5 wave down zig zag was moving against the wave where as the 5 wave impulse and the the current swing up are all moving with the daily larger wave


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Follow The Markets Structure - Patience and Discipline
  • #557,357
  • Nov 5, 2020 10:51am Nov 5, 2020 10:51am
Quoting kuroro001
{quote} Non event today? or something special for the election ?
Don't know, 10 minutes to FOMC, get the popcorn!

I took a sell on AUD/USD instead of Cable, lesser margin needed, shrugs.
I will tear the world apart for you.
  • #557,358
  • Nov 5, 2020 10:56am Nov 5, 2020 10:56am
Quoting pipfarm
{quote} Am i missing something here, just to let you know i do not use elliott waves to make my trading decisions , i only use the corrective impulsive scenario, that is it but again i find this elliott stuff interesting {image}
pipfarm, I only use 5-6 patterns...but everything has to be done according to Dow theory the rest (EW/HP) is an addition to enhance entry and exit points.
Always trade your own plan...I don't provide trading signals.
  • #557,359
  • Nov 5, 2020 10:59am Nov 5, 2020 10:59am
Quoting Coreg2004
{quote} pipfarm, I only use 5-6 patterns...but everything has to be done according to Dow theory the rest (EW/HP) is an addition to enhance entry and exit points.

Now your talking Coreg , i am a big fan of dow theory

btw i made some additions to my previous post which you might find interesting
Follow The Markets Structure - Patience and Discipline
  • #557,360
  • Nov 5, 2020 10:59am Nov 5, 2020 10:59am
Quoting Headland
...Georgia Judge throws out Trump's nonsense lawsuit....he can't win it with votes so he'll try and win it by litigation...act of a desperate man. Roll on Nevada likely to declare next.....Biden ahead and would give him the 270 he needs. ---------------------------------------------------------------------- Fractal double top (?) now 1hr...drop found support in that prev 5min congestion zone.
AM I allowed to surprise you? Biden isn't sitting in the White House even for a second!
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