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Cable Update (GBPUSD)

  • #612,781
  • Jul 29, 2021 12:48am Jul 29, 2021 12:48am
Ok so where are we all at today

About last night Fomc trade, tricky market with an irregular correction, probably one of the most difficult to spot,

an irregular sometimes called an irregular flat correction is an abc where the b wave pokes out the top of the a wave and c breaks the low giving the impression of a reversal as you can see in the photo . i would say 7 out of 10 i can spot them but on this occasion the market beat me only for 18 pips not a big deal but none the less a good lesson for all to learn including me.

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Follow The Markets Structure - Patience and Discipline
  • #612,782
  • Jul 29, 2021 12:50am Jul 29, 2021 12:50am
Quoting KiwiTrada
{quote} dix entering support zone, looking to defend 92 20 possibly a little lower but 1st entry in sl 13pips
much closer now 2nd entry 92 10, same sl wil l add if able 92 07 sl below 92 00 psych
If you are new to Forex? Say Goodbye to your account!!
  • #612,783
  • Jul 29, 2021 12:53am Jul 29, 2021 12:53am
Quoting alterchristo
{quote} TERBAIK Learn a lot from your charts, please keep updating.


Menghampiri ke arah 1.40 utk liquid zone seterus nya



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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #612,784
  • Jul 29, 2021 12:53am Jul 29, 2021 12:53am
Looks like it's headed straight for 1.40. You either get on the wrong side with this pair and get punished or you get on the right side and get greatly rewarded. I could make a lot of money hedging this pair. But FIFO greatly limits what I can do.
Learn from your mistakes and march on.
  • #612,785
  • Jul 29, 2021 12:54am Jul 29, 2021 12:54am
Quoting KiwiTrada
{quote} much closer now 2nd entry 92 10, same sl wil l add if able 92 07 sl below 92 00 psych
added sell 3938 13pip sl (previous 4hr high) in anticipation of major GB100 gap in 1hr london opening
If you are new to Forex? Say Goodbye to your account!!
  • #612,786
  • Jul 29, 2021 12:54am Jul 29, 2021 12:54am
It's happening



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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #612,787
  • Jul 29, 2021 12:57am Jul 29, 2021 12:57am
Quoting Pat Chiko
{quote} Menghampiri ke arah 1.40 utk liquid zone seterus nya {image}
Does the yellow horizontal bar area is where you think the reversal might come ?
  • #612,788
  • Jul 29, 2021 1:01am Jul 29, 2021 1:01am
Quoting Pat Chiko
It's happening {image}
I liked the old Maheeee when he just predicted daily candle closes
  • #612,789
  • Jul 29, 2021 1:05am Jul 29, 2021 1:05am
1.4ish and short.
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  • #612,790
  • Jul 29, 2021 1:15am Jul 29, 2021 1:15am
FINAL SELL OPPORTUNITY at 1.3930 / 1.3940 area to 1.3446... 500 pips yard Opportunity...
Data + Stat + Risk/Emotions Management
  • #612,791
  • Jul 29, 2021 1:15am Jul 29, 2021 1:15am
Quoting elbert3
{quote} it just passed the dojji long from before ,,1,, it told us it can take it out,,2,, when will it return to fill the candle I was tp on my first number but to busy eating to do anything else .I mean who makes dinner at that time … I did say to her ((what the foc are you doing )) lol {image}
Market sometimes fill such crucial price levels at new daily candle when spread is high so literally impossible to get an entry there nor Tp filled. Market makers dirty games..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #612,792
  • Jul 29, 2021 1:17am Jul 29, 2021 1:17am
Anyone who is interested in mid term view
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Fools Rushing
  • #612,793
  • Jul 29, 2021 1:17am Jul 29, 2021 1:17am
Quoting Pat Chiko
{quote} Menghampiri ke arah 1.40 utk liquid zone seterus nya {image}
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morning 3927 I had as target pp over night but its 3400 area is 61.8 fib on my chart and yes as you have it’s been there before
  • #612,794
  • Jul 29, 2021 1:22am Jul 29, 2021 1:22am
now , price @1.39360-1.39400 draw my attention for sell , look delicious with R:R low risk . but ill let its dance a while to confirm the power , near LO patient is a key

added sell @1.39350 SL / TP open wide , lets dance
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #612,795
  • Jul 29, 2021 1:23am Jul 29, 2021 1:23am
Quoting selfrit
{quote} Does the yellow horizontal bar area is where you think the reversal might come ?
That's too far of a bridge to cross. If ever price reach that point, we then can decide what price signal it gives us to trade.

Meanwhile, We may try the nearer S&R zone first. (blue).
The virtues of support and resistance and its usefulness in trading or determining target levels for entry/exit or take profit.

However there really is no such thing from the market's point of view.
Most of these levels are never clearly defined, and should be taken more as "areas of congestion" rather than clear trading signals.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #612,796
  • Jul 29, 2021 1:24am Jul 29, 2021 1:24am
One more push up 3946 then if it breaks that we are or could be going into a new higher trend level . But this needs to correct some time if not we could be going on to 4500 area
  • #612,797
  • Jul 29, 2021 1:26am Jul 29, 2021 1:26am
Quoting Georginson
FINAL SELL OPPORTUNITY at 1.3930 / 1.3940 area to 1.3446... 500 pips yard Opportunity...
I'm so sorry for my curious, why you think it will reach there?we already around there for last week as monthly low IMO. Thanks george.
Everything is possible but not guaranteed
  • #612,798
  • Jul 29, 2021 1:40am Jul 29, 2021 1:40am
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month chart is still showing long . So it’s 1. A retrace of the previous candle or we carry on to that top again. Could be a hard drop . Top of my tend lines is coming and as I said before if .?? If it breaks then we could be looking at breaking that block
  • #612,799
  • Edited 2:05am Jul 29, 2021 1:44am | Edited 2:05am
Quoting Passenger12
{quote} I'm so sorry for my curious, why you think it will reach there?we already around there for last week as monthly low IMO. Thanks george.
Simply put, from year 2011 to year 2020, there has never been a year that price failed to go above and below the yearly open by 250 pips or more... This year 2021 opened at 1.3650 and price has risen to 1.4249 being 600 pips above open, then did a low of 1.3450 being 200 pips below open. This means that 1.3400 must be seen to fulfill 250 pips below yearly open.

Yearly range averages 1400 - 1600 pips, so far only 800 pips (1.4250 - 1.3450) this means that there is still additional 600 more pips to break either 1.4250 or 1.3450... if 1.4250 remains unbroken, then 1.2850 will be imminent this year. If 1.3450 also remains unbroken, it means 1.4850 will be seen before or by December.

1.2850 has 70% chance of occurrence this year 2021 by or before December.

Of course Year 2021 may be an exception which may invalidate this bias.

See forecast for July made on the 5th of this month below.


Cheers.
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Data + Stat + Risk/Emotions Management
  • #612,800
  • Jul 29, 2021 1:51am Jul 29, 2021 1:51am
for me its H4 candle for now , if H4 candle can close Below 1.39000 ill follow the flow , but if it close more higher , ill back away to chill and watching.


the price its playing the rules every candle
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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