Cable Update (GBPUSD)

Quoting pipfarm

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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. {image}

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Quoting Pat Chiko

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{quote} Sorry late reply. After entering, put my SL, then I sleep. Got few sell stop, but never got triggered. Now just woke up and all is gone. Well, that's life of a traders. Like Japanese proved said {image}

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Quoting Pat Chiko

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{quote} Sorry late reply. After entering, put my SL, then I sleep. Got few sell stop, but never got triggered. Now just woke up and all is gone. Well, that's life of a traders. Like Japanese proved said {image}

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Quoting elbert3

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Sneeeeky cable ..tea break,

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Quoting MTF Test

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{quote} Hey Genadi, You must be happy man today. GJ is working out for you and for me too. Apologies for posting GJ here. {image}

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Quoting MTF Test

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{quote} How come your in my target. Just joking bro. Good to see your analysis as always. {image}

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Quoting Pat Chiko

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{quote} She did give you a bit. Infact your counter direction entry is very sharp. But she's willing to give you small pips. We can try her again later.

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Quoting babayaga

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{quote} in the same boat I want 150.80th and you fellow

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Quoting pipfarm

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{quote} Take a look at this, sorry it is not cable , but it is relevant to the pattern in my prior post, i had no interest in cable today as all the entries long are sub 15minute timeframe Chart is self explanatory and of course this is a live trade on usdjpy and as i said mr irregular flat correction can get me for a small loss but i will take him for double or more next time. {image}

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Quoting Pat Chiko

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{quote} Batman don't drink Tea, Batman drink Blood.

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Quoting babayaga

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does she want to touch 1.40th before fall ??? or it's enough "UP" for now {image}

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Quoting Pat Chiko

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GU Maybe I give another go. Since H4 start rejection, switching to LTF to check best price for going in. {image}

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Quoting Mr.Burger

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{quote} Yes, I will try again later in that zone, However, if the price doesn't enter the zone, there is a possibility cable will go down without me, that's okay lol {image}

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Quoting Coreg2004

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{quote} MTF Test, I'd seen your chart 4 days ago and decided to copy it. Because we are friends you don't mind, do you? How is everything MTF?

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Quoting mysterio

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{quote} Now I figured we may get a drop from this zone, just an area to watch at least Currently no sign of any short, not a good idea at all to sell a rocket like this Just a pullback though (if at all) I think 1.4050 is the next target for bulls, might get a good dip to buy The supply zone below had been tested multiple times so was aware it was likely to break {image}

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Quoting Pat Chiko

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{quote} 1,618 fib zone is nice place to short...imo

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Quoting pipfarm

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This looks like the top on Cable beware a deeper correction down to 3849 area

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