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Cable Update (GBPUSD)

  • #613,021
  • Jul 29, 2021 1:35pm Jul 29, 2021 1:35pm
Quoting pipfarm
Interesting situation because the higher low broke but did not retest now the lower high has broken the other way {image}
I m looking at the same thing. Looks to me is a minor correction to 61.8 fib with previous S/R along with 4H candle behavior (Previous 4H candle was a rejection and possible correction before a down turn)

What do you think ? where does your indicator leads to ?

Cheers!
Fools Rushing
  • #613,022
  • Jul 29, 2021 1:35pm Jul 29, 2021 1:35pm
Quoting Pat Chiko
{quote} Please avoid KL for time being. Current Gove is about to collapse. COVID cases and death reaching new record high. We have lock down, then Emergency Declared. It's getting worse. Death people are kept in shipping container. If you got sick, no hospital will accept you. No, please avoid this. The system is falling apart coz we have a very weak Government
bad news all over , the worlds gone crazy ,Drought ,religion , claiming territories, warning of nuclear threats, covid ,aids, racism , i mean the the f.....k is going on with this place , we are on a destructive path, ,,share the food out,stop invading other land ,,end racism lets just be 1 human type,,end religious stereotypes just be 1 human race with the belief we can make this a better place .wake up in the morning and just be a nice guy,,,, you see me say keep trading simple,,LIVE LIFE SIMPLE AND RESPECT OTHERS AS YOU WOULD WANT TO BE RESPECTED ,,,SIMPLE
  • #613,023
  • Jul 29, 2021 1:35pm Jul 29, 2021 1:35pm
Quoting Waveskierrob
{quote} Never worked in the British sector, worked in Norway and Denmark better money, conditions and people
Stavanger ?

Must be horrible clean place to be.

Went to PGS ( Petroleum Geo-Services) HQ for some meet there.

English with Norway Ian slang. They sound like Asgardian..... Ha ha ha.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,024
  • Jul 29, 2021 1:39pm Jul 29, 2021 1:39pm
Quoting elbert3
{quote} bad news all over , the worlds gone crazy ,Drought ,religion , claiming territories, warning of nuclear threats, covid ,aids, racism , i mean the the f.....k is going on with this place , we are on a destructive path, ,,share the food out,stop invading other land ,,end racism lets just be 1 human type,,end religious stereotypes just be 1 human race with the belief we can make this a better place .wake up in the morning and just be a nice guy,,,, you see me say keep trading simple,,LIVE LIFE SIMPLE AND RESPECT OTHERS AS YOU WOULD WANT TO...
We have lock down in Parliament today.

MP are not allowed to leave, current Govt refused to step down, some intervention form the King to resolve.

This few week going to be a major test for Malaysian, with uncontrollable Covid 19 cases, and Health sector are to the brink of collapse.

I've to double my food stock at home in case worse case happening.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,025
  • Jul 29, 2021 1:41pm Jul 29, 2021 1:41pm
Quoting Pat Chiko
{quote} Stavanger ? Must be horrible clean place to be. Went to PGS ( Petroleum Geo-Services) HQ for some meet there. English with Norway Ian slang. They sound like Asgardian..... Ha ha ha.
Yes Stavanger Heliport never went into town , always offshore
  • #613,026
  • Jul 29, 2021 1:43pm Jul 29, 2021 1:43pm
Quoting MTF Test
{quote} I m looking at the same thing. Looks to me is a minor correction to 61.8 fib with previous S/R along with 4H candle behavior (Previous 4H candle was a rejection and possible correction before a down turn) What do you think ? where does your indicator leads to ? Cheers!

Now the low has broken if it retests the lower high and breaks down then the direction is down , the other side is if the current move down retests the higher low and break back up then we go up but im more inclined for the short as the swing up looks corrective.

However im not trading this as 5 min is too low and too few pips for me , i use the lower timeframes to practise to keep sharp for the higher t/fs.
Follow The Markets Structure - Patience and Discipline
  • #613,027
  • Jul 29, 2021 1:47pm Jul 29, 2021 1:47pm
Quoting okd123
{quote} Hi Moty, Please tell me what happens when ADR high or low is reached. Thanks
It would simply be the top or bottom of the average daily range meaning on average once the pair has moved that far in a day it doesn't tend to run more, aka safe TP because in theory the odds are less in your favor to continue than reverse.

-Prophet
  • #613,028
  • Jul 29, 2021 1:52pm Jul 29, 2021 1:52pm
Quoting Waveskierrob
{quote} Never worked in the British sector, worked in Norway and Denmark better money, conditions and people
I like Danish people.., very much
dolce vita
  • #613,029
  • Jul 29, 2021 1:54pm Jul 29, 2021 1:54pm
Quoting pipfarm
{quote} Now the low has broken if it retests the lower high and breaks down then the direction is down , the other side is if the current move down retests the higher low and break back up then we go up but im more inclined for the short as the swing up looks corrective. However im not trading this as 5 min is too low and too few pips for me , i use the lower timeframes to practise to keep sharp for the higher t/fs.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 43 KB
Follow The Markets Structure - Patience and Discipline
  • #613,030
  • Jul 29, 2021 1:56pm Jul 29, 2021 1:56pm
Quoting Waveskierrob
{quote} Yes Stavanger Heliport never went into town , always offshore
Hope some day , will be able to meet up, as long as you speak Queen English, i will able to understand.

Other English or welsh, i will will struggle .....


Attached Image (click to enlarge)
Click to Enlarge Name: english.jpg Size: 79 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,031
  • Edited 2:14pm Jul 29, 2021 2:02pm | Edited 2:14pm
Quoting pipfarm
{quote} {image}

Direction is up they have made another one of those pesky irregular flats corrections on the retest of the higher low but beware it could be a triple whammy with the expanding triangle , the retest did not quite meet the higher low.

Not 100% sure which one it will be yet

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 45 KB
Follow The Markets Structure - Patience and Discipline
  • #613,032
  • Jul 29, 2021 2:10pm Jul 29, 2021 2:10pm
Sorry guys and girls but these patterns are important , on my usdjpy trade , now they want to make triangles, im starting to think these markets are manipulated.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 43 KB
Follow The Markets Structure - Patience and Discipline
  • #613,033
  • Jul 29, 2021 2:20pm Jul 29, 2021 2:20pm
I'm hoping price would go back into the range...

Sell 1.39700 TP: 1.39200

Tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: hope.png Size: 14 KB
My telegram: https://t.me/avidforex
  • #613,034
  • Jul 29, 2021 2:24pm Jul 29, 2021 2:24pm
Quoting pipfarm
{quote} Direction is up they have made another one of those pesky irregular flats corrections on the retest of the higher low but beware it could be a triple whammy with the expanding triangle , the retest did not quite meet the higher low. Not 100% sure which one it will be yet {image}
I think that direction is already down..,
but she is like a locomotive trying to continue with the same direction.., I'd like to call it "inertia"

Inertia is the resistance of any physical object to any change in its velocity. This includes changes to the object's speed, or direction of motion. An aspect of this property is the tendency of objects to keep moving in a straight line at a constant speed, when no forces act upon them

https://en.wikipedia.org/wiki/Inertia

sorry if I am wrong
dolce vita
  • #613,035
  • Jul 29, 2021 2:28pm Jul 29, 2021 2:28pm
Current daily volume is too low for this kind of bullish candle breaking some of the trend lines..... i think steam is just running out.. i am looking for short entry again...
  • #613,036
  • Jul 29, 2021 2:28pm Jul 29, 2021 2:28pm
Quoting Pat Chiko
{quote} Thanks again for the info. Appreciate your help Bro PAT
Breached, any other?
The fragrance remains in the hands of those that gves the rose
  • #613,037
  • Jul 29, 2021 2:28pm Jul 29, 2021 2:28pm
Quoting babayaga
{quote} I think that direction is already down.., but she is like a locomotive trying to continue with the same direction.., I'd like to call it "inertia" Inertia is the resistance of any physical object to any change in its velocity. This includes changes to the object's speed, or direction of motion. An aspect of this property...
Sounds like me heading for the "Creeks End" pub
  • #613,038
  • Jul 29, 2021 2:35pm Jul 29, 2021 2:35pm
and if she break in a easy way level 1.40th, as she is doing all way up from 1.3750..,

I will call this pair.., "Energizer Bunny"
Inserted Video


probably 138.2 is enough.., a little bit of correction needs...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-fxcm-australia-pty.png Size: 70 KB
dolce vita
  • #613,039
  • Jul 29, 2021 2:40pm Jul 29, 2021 2:40pm
Quoting Pat Chiko
{quote} Please avoid KL for time being. Current Gove is about to collapse. COVID cases and death reaching new record high. We have lock down, then Emergency Declared. It's getting worse. Death people are kept in shipping container. If you got sick, no hospital will accept you. No, please avoid this. The system is falling apart coz we have a very weak Government
Hey Pat, take care of yourself over there. This whole thing is really fishy to me.....gov'ts FORCING EVERYONE TO VACCINATE AND WEAR MASKS.....while the PCR tests have been proven inaccurate/erroneous.
IT SEEMS LIKE THEY'RE GETTING DESPERATE OVER SOMETHING.....
Lost....
  • #613,040
  • Jul 29, 2021 2:42pm Jul 29, 2021 2:42pm
To everyone.....just remember THAT THE 0.1% ARE TRYING TO CONTROL THE 99.9% OF US.
Be safe, have some cash at home and bunker down. We don't know what to expect in the coming weeks.
Lost....
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