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Cable Update (GBPUSD)

  • #584,381
  • Mar 17, 2021 8:08am Mar 17, 2021 8:08am
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If you don't know how to earn money, don't loose it.
  • #584,382
  • Mar 17, 2021 8:11am Mar 17, 2021 8:11am
Quoting lyondegreat
{quote} They got you man the way I see it, any move downwards is to suck in more sellers

Dropped diamond
  • #584,383
  • Mar 17, 2021 8:11am Mar 17, 2021 8:11am
come on eu , help your friend gu
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yes yes yes
  • #584,384
  • Mar 17, 2021 8:11am Mar 17, 2021 8:11am
Quoting gatenio
{quote} price is a mess, typical FOMC day. better scalping for lunch money
On the new account my profit target is 10% weekly. I want to sustain this until the end of July (23 weeks).
I managed to get almost to margin call this week, but came out with not closing the account. Today I got 15% in a monthly time scale.
Such days with news can drive the price up and down but in overall view, the goal will be met.
WT
  • #584,385
  • Mar 17, 2021 8:17am Mar 17, 2021 8:17am
Quoting Bartosz77
{quote} This hour's target 1.38800
Well... the target has not been achieved due to negative news from US, but it was only 22 pips reaction in a very short period.
Now the price should catch up with the pace and follow south.
WT
  • #584,386
  • Mar 17, 2021 8:27am Mar 17, 2021 8:27am
We are on the precipice of a weekly correction with a AB complete and now moving into wave C as indicated by the internal structure of weekly on daily with full structure on 4H
Follow The Markets Structure - Patience and Discipline
  • #584,387
  • Mar 17, 2021 8:39am Mar 17, 2021 8:39am
the spike is coming
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yes yes yes
  • #584,388
  • Mar 17, 2021 8:40am Mar 17, 2021 8:40am
This is not elliott wave , it is impulsive/corrective structure

Blue is daily
Red is 4H

as always any trades taken would need to have confirming structure on lower timeframes

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Follow The Markets Structure - Patience and Discipline
  • #584,389
  • Mar 17, 2021 8:43am Mar 17, 2021 8:43am
Quoting pipfarm
This is not elliott wave , it is impulsive/corrective structure Blue is daily Red is 4H as always any trades taken would need to have confirming structure on lower timeframes {image}
Gotcha! Just realised you were talking about the HTF
  • #584,390
  • Mar 17, 2021 9:05am Mar 17, 2021 9:05am
Quoting mysterio
{quote} Gotcha! Just realised you were talking about the HTF

Applies to lower timeframes too as the structure builds

D1 is down

H4 is in correction to D1

H1 we can see the h4 correction has made abc up and should the low of C break down with a retest then it would be a short trade because H1 would now be trending in the direction of all higher tfs
Follow The Markets Structure - Patience and Discipline
  • #584,391
  • Mar 17, 2021 9:06am Mar 17, 2021 9:06am
hi... piercing WP now.
go to lower tf and find good long spot might be a good ideas now. i guess.
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If you don't know how to earn money, don't loose it.
  • #584,392
  • Mar 17, 2021 9:08am Mar 17, 2021 9:08am
Quoting coolmakina
hi... piercing WP now. go to lower tf and find good long spot might be a good ideas now. i guess. {image}
wasnt the best entry but enough for a coffee.
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If you don't know how to earn money, don't loose it.
  • #584,393
  • Mar 17, 2021 9:20am Mar 17, 2021 9:20am
bulls alert
  • #584,394
  • Mar 17, 2021 9:23am Mar 17, 2021 9:23am
Todays GU is like watching grass grow...

Nice accumulation, the question is now which way the explosion goes.
  • #584,395
  • Mar 17, 2021 9:24am Mar 17, 2021 9:24am
3.5 more hours of this pong game I think
  • #584,396
  • Mar 17, 2021 9:26am Mar 17, 2021 9:26am
SMASH!

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If you don't know how to earn money, don't loose it.
  • #584,397
  • Mar 17, 2021 9:28am Mar 17, 2021 9:28am
Quoting coolmakina
SMASH! {image}
i hope this is the beginning of long journey..

gold dont know to play smooth.. need a real shake off before..
TA eyes 1778 minimum.. but i will scalp it up.
  • #584,398
  • Mar 17, 2021 9:29am Mar 17, 2021 9:29am
Quoting pipfarm
{quote} Applies to lower timeframes too as the structure builds D1 is down H4 is in correction to D1 H1 we can see the h4 correction has made abc up and should the low of C break down with a retest then it would be a short trade because H1 would now be trending in the direction of all higher tfs
Interesting stuff, I've been meaning to check out your thread. I am trying to increase the average RR ratio of my trades and I think what you're talking about is obviously key
  • #584,399
  • Mar 17, 2021 9:32am Mar 17, 2021 9:32am
Quoting Bartosz77
{quote} On the new account my profit target is 10% weekly. I want to sustain this until the end of July (23 weeks). I managed to get almost to margin call this week, but came out with not closing the account. Today I got 15% in a monthly time scale. Such days with news can drive the price up and down but in overall view, the goal will be met.
happy you survived, happened to all of us, even margin call..
  • #584,400
  • Mar 17, 2021 9:32am Mar 17, 2021 9:32am
Quoting gatenio
bulls alert
goldi has woke up
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yes yes yes
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