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Cable Update (GBPUSD)

  • #617,501
  • Aug 18, 2021 4:44am Aug 18, 2021 4:44am
Quoting mysterio
Just a doodle but first target to fill the imbalance My average long is 1.3844 after taking the asia low stops Most of the long will be off before 1.38 1.3760 is a possible whipsaw point too {image} {image}
TPd at asia range high and reload buy slightly lower, avg 1.3755

Holding this one for these two targets as a swing entry, can be wrong and will lock in asap. 1.38 & 1.39 basically. Not gonna tolerate any drawdown will just close and reconsider.

If it drops I already locked in some profit today
  • #617,502
  • Aug 18, 2021 4:47am Aug 18, 2021 4:47am
Quoting nAVIN2007
{quote} If u can do this ur an amazing trader
nAVIN2007,

absolutely right, whatever of strategy and trading system, if a trader already has a RR of more than 1:3 consistently, it means they have succeeded in this business,
I guarantee lol
Daddy, Brother, Lover, Little Boy
  • #617,503
  • Aug 18, 2021 4:48am Aug 18, 2021 4:48am
I tried to google some nice quote from Shakespeare to share in this thread.

This came out :
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He sure was ahead of his time.
That's from Macbeth, I think.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,504
  • Aug 18, 2021 4:55am Aug 18, 2021 4:55am
Quoting Ayax.TSS
#GBPUSD / H4{image}

I was looking to learn Elliott wave theory..I actually bought the course am interested in knowing how good this application is to your trading results?
  • #617,505
  • Aug 18, 2021 4:56am Aug 18, 2021 4:56am
Quoting Ayax.TSS
#GBPUSD / H4{image}


Nice chart mate
pls do you know any Book to learn EW?
MY OPINION NOT FINANCIAL ADVISE
  • #617,506
  • Aug 18, 2021 4:56am Aug 18, 2021 4:56am
Quoting Mr.Burger
{quote} nAVIN2007, absolutely right, whatever of strategy and trading system, if a trader already has a RR of more than 1:3 consistently, it means they have succeeded in this business, I guarantee lol
Absolutely..
As u guys can see i am off today...lol
  • #617,507
  • Aug 18, 2021 4:57am Aug 18, 2021 4:57am
Quoting Siame
{quote} I'm looking at price getting to the FPV level before a BEARish continuation. However, if we do get a break and close above it (.700), I may consider opening a new BUY position.
I've CLOSED these positions as I don't like the PA it's printing.

I want to see a rally higher to continue BULLish.
  • #617,508
  • Aug 18, 2021 4:58am Aug 18, 2021 4:58am
Quoting donfriday
{quote} Nice chart mate pls do you know any Book to learn EW?
There is a course called Elliott wave street..
  • #617,509
  • Aug 18, 2021 4:59am Aug 18, 2021 4:59am
Quoting nAVIN2007
{quote} I was looking to learn Elliott wave theory..I actually bought the course am interested in knowing how good this application is to your trading results?

i have always want to learn EW since my early trading journey, fxsolution had one asian guy who does analysis on weekly chart setup at that time, my main problem is reading all the wave structure is very hectic.
i have passion for it too.
MY OPINION NOT FINANCIAL ADVISE
  • #617,510
  • Aug 18, 2021 5:06am Aug 18, 2021 5:06am
Quoting Waveskierrob
{quote} how many days a month do you trade?
12-15 Days.

let's put it this way. 12-15 Days with 12-16 Hours a day. On and Off.
Fools Rushing
  • #617,511
  • Aug 18, 2021 5:07am Aug 18, 2021 5:07am
Quoting nAVIN2007
{quote} If u can do this ur an amazing trader
I can't see why you can't.
Fools Rushing
  • #617,512
  • Aug 18, 2021 5:10am Aug 18, 2021 5:10am
Quoting nAVIN2007
{quote} I was looking to learn Elliott wave theory..I actually bought the course am interested in knowing how good this application is to your trading results?

I think I have the original work of Elliot its better than all this adultrated courses. In his original work, you might be surprised what you will find.......

Actually, I don't count the 5 or 7waves as the case may be but I strongly make use of his impulse and correction of price. If it is first wave or second or third wave, I don't care except that I focus on impulse and trade the correction in the direction of the impulse........
  • #617,513
  • Aug 18, 2021 5:15am Aug 18, 2021 5:15am
G/M, some consolidation off y/day's 3720 lo that found support in the prev 4hr sw lo zone = prev supp=pot supp that extends down to 3719. Uk data earlier saw Cpi surprise to downside whereas Hpi, Rpi and Ppi all to the upside. Certainly potential for 1hr bearish hidden div (already present) to develop further on any deeper pullback.

1hr below.
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Trader with an Edge.
  • #617,514
  • Aug 18, 2021 5:15am Aug 18, 2021 5:15am
GU

Long wait for the set up to complete.
Maybe it kick start at NYO

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,515
  • Aug 18, 2021 5:19am Aug 18, 2021 5:19am
Quoting nAVIN2007
{quote} Absolutely.. As u guys can see i am off today...lol

Happy off day Navin.
wishing you make some great pips today.

Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,516
  • Aug 18, 2021 5:21am Aug 18, 2021 5:21am
Quoting MTF Test
{quote} I can't see why you can't.
I have build a method to trade which allows me to routinely work without having the option to see charts except in the lunch break whilst at work. So I miss a lot of opportunities and scalping, is just not feasible ..

The last thing I wanted to do is a swing trade but I have been selling right from 1.42 and it is working..this trade I have here is something I have been looking at for a while and I want to see the end result of a breakout of a pattern formation (amusing it is correct in the first place)...if it works I may have found a way to trade, where I can enter and comeback to after 3 months or so

USD is at the beginning of an uptrend..so in a sense selling the counters
  • #617,517
  • Edited 6:04am Aug 18, 2021 5:21am | Edited 6:04am
Quoting LvMMT
{quote} Long +1 {image} God bless everyone!
Hi good people,

Yesterday I have made a mistake. Wasn't paying enough attention.

Thanks and God bless every active and helpful folks and God bless their families and their dear persons too !

Qu|cksilver, Pat Chiko, Waveskierrob, Georginson, M.Fadly, nAVIN2007, MTF Test, mysterio and others!


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God bless everyone else, here, and their families and dear persons !
The only impartial feeling is love. It is also the only feeling of God.
  • #617,518
  • Aug 18, 2021 5:23am Aug 18, 2021 5:23am
Quoting Otiken
{quote} I think I have the original work of Elliot its better than all this adultrated courses. In his original work, you might be surprised what you will find....... Actually, I don't count the 5 or 7waves as the case may be but I strongly make use of his impulse and correction of price. If it is first wave or second or third wave, I don't care except that I focus on impulse and trade the correction in the direction of the impulse........
most of traders are counting swing waves on pa, that's why this theory becomes to ambiguous lol
Daddy, Brother, Lover, Little Boy
  • #617,519
  • Aug 18, 2021 5:24am Aug 18, 2021 5:24am
Quoting nAVIN2007
{quote} I have build a method to trade which allows me to routinely work without having the option to see charts except in the lunch break whilst at work. So I miss a lot of opportunities and scalping, is just not feasible .. The last thing I wanted to do is a swing trade but I have been selling right from 1.42 and it is working..this trade I have here is something I have been looking at for a while and I want to see the end result of a breakout of a pattern formation (amusing it is correct in the first place)...if it works I may have found a way...
Good luck. I would say, always be happy of what you have. You have got a job. Matter of fact, your in the safe side of the equator. I am sure your plan will work out as you wanted.

Cheers mate !
Fools Rushing
  • #617,520
  • Aug 18, 2021 5:24am Aug 18, 2021 5:24am
... re near-term potential support/rbs factors on any further move down...firstly that prev 1h sw lo to 3731 then y/day's lo 3720 coexistent with what is now a prev 4hr sw lo x 2 zone to 3719. Circa 3706 is Wkly S3, Dly S1 is circa 3694, then there is a prev 4hr sw hi then lo zone down to 3670 = prev supp = pot supp, with 76.4% of the 3572-3983 move @ 3666.
Trader with an Edge.
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