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Cable Update (GBPUSD)

  • #614,361
  • Aug 4, 2021 10:36am Aug 4, 2021 10:36am
Quoting SKYislimit
{quote} yep. you right {image}
I'm with you
  • #614,362
  • Aug 4, 2021 10:36am Aug 4, 2021 10:36am
Quoting Pat Chiko
{quote} Woke up from sleep after placing these trade. Almost done. It was a luck trade after all. Thanks to Hoda shown me the three tap set up earlier. Couples with Ascending Wedge, the set up is very reliable. The setup is good, but there are many untested level which doubt the validity. Only the Fake Out really test the patience at H 1 Supply zone. Giving some mental challenge to place SL there ( lucky , I was asleep) Chart tell the story. {image}
GU

Done with this trade .

Price may want to retest the SBR zone above.

Let price show the way.

Trade Safe everyone.

Look forward for FOMC.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #614,363
  • Aug 4, 2021 10:36am Aug 4, 2021 10:36am
An Audacious buy till 1.40
  • #614,364
  • Aug 4, 2021 10:40am Aug 4, 2021 10:40am
From now on, I am sticking to the Daily chart. Lower time frames are too damn noisy in today's market. Some people have a knack for trading lower time frames (and the time needed to do it). I am not one of these people.
Learn from your mistakes and march on.
  • #614,365
  • Aug 4, 2021 10:42am Aug 4, 2021 10:42am
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yes yes yes
  • #614,366
  • Aug 4, 2021 10:45am Aug 4, 2021 10:45am
Quoting pipfarm
I do not usually use ADR but if the ADR is around 120-130 it could reach 3820 area before tomorrow BOE news , which is the area i anticipated to test before a push up to 4140.
3 days only 80 pips range... tomorrow maybe will walk
  • #614,367
  • Aug 4, 2021 10:52am Aug 4, 2021 10:52am
i hope all are doing well.. here is my too optimistic chart until friday.. each level is exit for me... looking for daily close around 3800.. and that would be one more confirmation to the target... should there be no meaningful correction in between.. than we are good to go..
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  • #614,368
  • Aug 4, 2021 10:55am Aug 4, 2021 10:55am
Quoting Wavegarrick
{quote} Hi Guys, At this point, I definitely see this as a pullback or correction in a cyclic uptrend. I have my weekly pivot at 1.38717 which should be touched. My monthly pivot at 1.38197 is a target to be desired for and very importantly my 50% fib retrace at 1.37775. It is all touch and go for me as I am in a cyclic uptrend. As Georginson eluded to, very important to keep the bias aside and trade what you see. I could be looking for buy trades in the near future and will be updating accordingly. Have a great week. Cheers {image}
Hi Guys,
It has been a week of very mixed signals for me, I am in a bigger cyclic uptrend but am showing a retrace short term. What grabbed my attention today was the 61.8% fib retrace at 1.39413 and my mid-round number at 1.39500 for a short-term trade. On the positive side, my ascending trendline from the 20th of July has been broken and we could possibly see a correction down to my monthly pivot at 1.38917 or 50% fib retrace at 1.37775, not cast in stone.
I expect my signals to line up at some point and will update accordingly.
Trade safe,
Cheers.
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Trade to trade another day
  • #614,369
  • Aug 4, 2021 11:24am Aug 4, 2021 11:24am
Hello friends, what a movement we have in the markets for two consecutive trading days. Sorry i could have posted the ranges for today earlier but little challenges here. Haven seen buyers 1.3950 today and have broken that level, tomorow may be the day we expect for greater upside move of cable but hopefully shall post an update on details for toomorow and remember in our monday weekly post that buyers give cable massive support @ 1.3500 level above the seller's. Happy trading
  • #614,370
  • Aug 4, 2021 11:30am Aug 4, 2021 11:30am
Quoting Moty
{image}{image}
You shorting now? Or gone for one last hurrah long?
Insane in the Brain..
  • #614,371
  • Aug 4, 2021 11:31am Aug 4, 2021 11:31am
Quoting Pat Chiko
{quote} GU Done with this trade . Price may want to retest the SBR zone above. Let price show the way. Trade Safe everyone. Look forward for FOMC. {image}
GU

Scalping.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #614,372
  • Aug 4, 2021 11:38am Aug 4, 2021 11:38am
Sold at 1.3908 Target 1.3880
Forex Learner
  • #614,373
  • Aug 4, 2021 12:12pm Aug 4, 2021 12:12pm
Quoting Pat Chiko
{quote} GU Scalping. {image}
GU

Not a good set up

I think going to take out my SL soon.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #614,374
  • Aug 4, 2021 12:34pm Aug 4, 2021 12:34pm
Shorts added at 1.3901 targets 1.3872 and 1.3815.
Forex Learner
  • #614,375
  • Aug 4, 2021 12:34pm Aug 4, 2021 12:34pm
Quoting Pat Chiko
{quote} GU Not a good set up I think going to take out my SL soon. {image}

i think the true low could be as marked on my chart, ABC , C would be the the impulse wave of one larger degree as its moving with the trend of the prior push up
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Follow The Markets Structure - Patience and Discipline
  • #614,376
  • Aug 4, 2021 12:39pm Aug 4, 2021 12:39pm
Quoting Wavegarrick
Something to take note of for pound, dollar, and euro followers. I am in with EG buy trades with subtle bullish hints from a daily perspective. There hasn't been much of a range over the past couple of months, but some things gotta give. Cheers. {image}
let see this time friend, playing with 123 pattern
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  • #614,377
  • Aug 4, 2021 12:48pm Aug 4, 2021 12:48pm
Will be holding these trades for tomorrow..
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Forex Learner
  • #614,378
  • Aug 4, 2021 1:04pm Aug 4, 2021 1:04pm
Quoting pipfarm
{quote} i think the true low could be as marked on my chart, ABC , C would be the the impulse wave of one larger degree as its moving with the trend of the prior push up {image}

Going into correction now on 15 minute
Follow The Markets Structure - Patience and Discipline
  • #614,379
  • Aug 4, 2021 1:14pm Aug 4, 2021 1:14pm
Quoting Moty
{image}{image}
Hi Moty, devil's advocate here with an alternate scenario that is still in play too.
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Always trade your own plan...I don't provide trading signals.
  • #614,380
  • Aug 4, 2021 1:34pm Aug 4, 2021 1:34pm
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alarms gone off and here we are , so let’s watch wait and see
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