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Cable Update (GBPUSD)

  • #559,181
  • Nov 17, 2020 2:06am Nov 17, 2020 2:06am
Dx just can't break 92.500
He always find support there
yes yes yes
  • #559,182
  • Nov 17, 2020 2:14am Nov 17, 2020 2:14am
Quoting fxmasterdxb
{quote} So 1.32 is reached, we have a critical number now which 1.3197-95 which was acting as a resistance yesterday and seems like turning to a support today, if this is breached and we get 1h & 4h candle close below it then i will close my longs.
If this level is breached, we can forget about 1.33 for the time being?
  • #559,183
  • Nov 17, 2020 2:15am Nov 17, 2020 2:15am
Quoting Arief-
{quote} Totally agree. "the problem is wave5 can be a dilemma if the correction is the beginning of a new trend in the opposite direction"Ralph Nelson Elliott
ok, i will read about it.
always good to learn something new.
  • #559,184
  • Nov 17, 2020 2:16am Nov 17, 2020 2:16am
Quoting Ksth
Still waiting 1.333 area.. :-):-):-)
Hit my sl again :-( Buy again till tp 1.333. Sl 50
  • #559,185
  • Nov 17, 2020 2:18am Nov 17, 2020 2:18am
Quoting gatenio
{quote} another thing, 1wave=5wave? my 1wave is 282 pips 1.3105 is the start of the 5th. 1.3105+282 pips = 1.338+ so buying dip for me. wonderful {image}
Sorry, G, but the end of W4 should not break the end of W1....maybe this count is invalid IMHO (unless these are not fib levels)
I'm short since 1.3232 and holding (max is at 1.3268ish) until 1.3109, 1.3065 and 1.2920 (when those levels get taken out).
Lost....
  • #559,186
  • Nov 17, 2020 2:27am Nov 17, 2020 2:27am
showing 4 harmonic pateerns, 5min,15min,30min, 1h, from ~1.32 level
  • #559,187
  • Nov 17, 2020 2:28am Nov 17, 2020 2:28am
bulish patterns
  • #559,188
  • Nov 17, 2020 2:31am Nov 17, 2020 2:31am
Still in my short trades , stops no where near touched above 3200 4 Hour swing high ,same on gold stops above the most recent 4hour swing high
Follow The Markets Structure - Patience and Discipline
  • #559,189
  • Nov 17, 2020 2:31am Nov 17, 2020 2:31am
i could see some low highs on 4hr we might be heading for newer lows
Keep the Lights on then you can catch the rise from the dark.
  • #559,190
  • Nov 17, 2020 2:39am Nov 17, 2020 2:39am
Quoting Ehsank78
{quote} If this level is breached, we can forget about 1.33 for the time being?
Not necessarily, if 1.3160 is breached then yes we may forget about 1.33 for few days.
  • #559,191
  • Nov 17, 2020 2:41am Nov 17, 2020 2:41am
Quoting gespiri
{quote} Sorry, G, but the end of W4 should not break the end of W1....maybe this count is invalid IMHO (unless these are not fib levels) I'm short since 1.3232 and holding (max is at 1.3268ish) until 1.3109, 1.3065 and 1.2920 (when those levels get taken out).
An hourly close above 1.3242 means it's going higher.....
Lost....
  • #559,192
  • Nov 17, 2020 2:42am Nov 17, 2020 2:42am
Quoting Moty
Dx just can't break 92.500 He always find support there
Not it is broken.
Up up and away
Dx has broke 92.500 to the downside
Attached Image (click to enlarge)
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yes yes yes
  • #559,193
  • Nov 17, 2020 2:45am Nov 17, 2020 2:45am
DXY looking to die, GBP looking stellar independently. Not difficult to guess where Cable is going today...

Good luck bears, especially to that mule who sold at 1.3080!
I will tear the world apart for you.
  • #559,194
  • Nov 17, 2020 2:46am Nov 17, 2020 2:46am
Quoting Barnell
DXY looking to die, GBP looking stellar independently. Not difficult to guess where Cable is going today... Good luck bears, especially to that mule who sold at 1.3080!
Unbelievable.
  • #559,195
  • Nov 17, 2020 2:50am Nov 17, 2020 2:50am
1hr SW test.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 17 08-49-13.png Size: 55 KB
Le$$ I$ More
  • #559,196
  • Nov 17, 2020 2:52am Nov 17, 2020 2:52am
Quoting Barnell
DXY looking to die, GBP looking stellar independently. Not difficult to guess where Cable is going today... Good luck bears, especially to that mule who sold at 1.3080!
i am sure the mule has already existed the sell.
Le$$ I$ More
  • #559,197
  • Nov 17, 2020 2:54am Nov 17, 2020 2:54am
Quoting IPMan
{quote} Unbelievable.
The full story is even more unbelievable..

Joker told me he has 35,000 GBP and is ready to be a full-time trader, with intent to provide for his 2 toddler kids and his stay-home wife. Asked me for advice which I gave some, only to find out he knows next to nothing about trading. For instance, he doesn't even know what time does London opens...

Proceeds to tell me he aims to create 7.5% a month to account for his household expenses, on his paltry knowledge.

Messaged me as Cable was going up, asking me for advice. His Cable sells were at 1.3080. I gave him a trade that net him 130 pips intraday (to be honest, that trade over-performed too, consider me pleasantly surprised myself). Told him to net the trades and par the losses. He refused.

Messaged me again the next day as Cable was moving up (the day when Cable flirted with 1.33). Gave him a trade to hedge against it and got him out of that trade with like 10 pips profit. Of course 10 pips isn't profitable, but hey, it was meant as a hedge.

Messaged me telling me he wants to sell AU at 0.7235. I told him no. He insisted. AU soared to 0.7270, he messaged me again. I told him to take a loss when it came to 0.724x. Again, he refused.

Straight-up told that mule he isn't trading, he is gambling and praying. Told him to forget about being a full-time trader, he will only go bust and his family will be on the streets. Even after saving his ass, I was ignored/blocked.

I know his Cable sells are at 1.3080 and his AU sells are at 0.7235, so...
I will tear the world apart for you.
  • #559,198
  • Nov 17, 2020 2:55am Nov 17, 2020 2:55am
Quoting Roszey
{quote} i am sure the mule has already existed the sell.
Nope, I am sure he didn't, in fact, he might have added more. Read the full story I posted. He is beyond redemption. In every conversation I had with him, he would say "I just need USD to be strong".

Heh.

And I just need to have a harem of pretty virgins every night to feel like a Greek god.
I will tear the world apart for you.
  • #559,199
  • Nov 17, 2020 3:04am Nov 17, 2020 3:04am
Just to remember where we are in a bigger picture
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  • #559,200
  • Nov 17, 2020 3:11am Nov 17, 2020 3:11am
Quoting gespiri
{quote} Sorry, G, but the end of W4 should not break the end of W1....maybe this count is invalid IMHO (unless these are not fib levels) I'm short since 1.3232 and holding (max is at 1.3268ish) until 1.3109, 1.3065 and 1.2920 (when those levels get taken out).
right,
Attached Image (click to enlarge)
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ok, i will make my adjusment

according to your best practice, what i should do now? start the count from 0
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