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Cable Update (GBPUSD)

  • #617,521
  • Aug 18, 2021 5:24am Aug 18, 2021 5:24am
Quoting donfriday
{quote} 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.
I did not attempt yet because i d not like the idea of predicting..I wanna wake up every day and see all the opportunities instead of particular setups..And my main issue is im always forecasting lol
  • #617,522
  • Aug 18, 2021 5:29am Aug 18, 2021 5:29am
Quoting LvMMT
{quote} 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, M.Fadly, nAVIN2007,...
I have been reading your posts and looking at your charts..you my friend have excellent charting skills
Qicksilver never post in twenty years
  • #617,523
  • Aug 18, 2021 5:29am Aug 18, 2021 5:29am
The penny just dropped that the unexpected dollar rally yesterday was probably a flight to safe haven assets after the Taliban takeover of Afghanistan. Anyone who was wondering about the Retail Sales news producing the opposite reaction. Didn't really make the connection before. We tapped right into an H4 supply on DXY so I believe this will hold in the intirim. Hope to see a nice retrace/rally today on GU but will trade very carefully.
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  • #617,524
  • Aug 18, 2021 5:30am Aug 18, 2021 5:30am
SHORT @ 1.3759 no tp no sl
  • #617,525
  • Aug 18, 2021 5:34am Aug 18, 2021 5:34am
Quoting LvMMT
{quote} 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, M.Fadly, nAVIN2007,...
wow you mention Qu|cksilver Don't call him too loud or he will wake up and close this thread that I love so much lol
Daddy, Brother, Lover, Little Boy
  • #617,526
  • Aug 18, 2021 5:34am Aug 18, 2021 5:34am
What a day....now I see why some avoid trading the London session
  • #617,527
  • Aug 18, 2021 5:36am Aug 18, 2021 5:36am
Attached Image (click to enlarge)
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yes yes yes
  • #617,528
  • Aug 18, 2021 5:37am Aug 18, 2021 5:37am
God bless everyone on this planet!
The only impartial feeling is love. It is also the only feeling of God.
  • #617,529
  • Aug 18, 2021 5:42am Aug 18, 2021 5:42am
Quoting LvMMT
God bless everyone on this planet!

Listen to your chart..Im not surprised at all..well done bro
  • #617,530
  • Aug 18, 2021 5:56am Aug 18, 2021 5:56am
Quoting Mr.Burger
{quote} most of traders are counting swing waves on pa, that's why this theory becomes to ambiguous lol

Yes it can be ambiguous because one will never know if a wave is forming until it has formed and that is why I use only impulse and corrective leg which are component of these waves.

I'm not counting wave but following with trade the development of the wave structure.

Remember that the Elliot wave structure was developed using basic trend structure.

So the only part of Elliot wave structure that I'm using is impulse and correction pattern of the wave structure

Happy trading
  • #617,531
  • Aug 18, 2021 6:04am Aug 18, 2021 6:04am
Quoting KiwiTrada
{quote} uj is tapping utl 109 60ish of falling channel aka bull flag waiting to see if she can pop through and get down to business otherwise london open calling
breakout then retest, which failed and now she flies, who would have thunk that :-)
If you are new to Forex? Say Goodbye to your account!!
  • #617,532
  • Aug 18, 2021 6:07am Aug 18, 2021 6:07am
a GBPUSD weekly Head and Shoulder pattern formation.
Attached Image (click to enlarge)
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Trend_Masters
  • #617,533
  • Aug 18, 2021 6:20am Aug 18, 2021 6:20am
Quoting kerndc
a GBPUSD weekly Head and Shoulder pattern formation. {image}
could be, but where is neckling also is double top, and if go monthly triple top, end of the day definitely showed resistance @ 1 4232 - 1 4248 thats not much use to anyone now, she been trading east for last 7 months!
If you are new to Forex? Say Goodbye to your account!!
  • #617,534
  • Aug 18, 2021 6:23am Aug 18, 2021 6:23am
No question about the bearish flag.
how long it will continue is the big question.
  • #617,535
  • Aug 18, 2021 6:25am Aug 18, 2021 6:25am
Quoting kerndc
a GBPUSD weekly Head and Shoulder pattern formation. {image}
Was the month of June the start of a new down trend?

I think so because at the start of 2018 the pair did almost the exact same thing.

So my initial target is 750 pips lower from 1.3827...

i`m looking to sell rallies going forward.
Attached Image (click to enlarge)
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Trend_Masters
  • #617,536
  • Aug 18, 2021 6:30am Aug 18, 2021 6:30am
Quoting KiwiTrada
{quote} could be, but where is neckling also is double top, and if go monthly triple top, end of the day definitely showed resistance @ 1 4232 - 1 4248 thats not much use to anyone now, she been trading east for last 7 months!
yes she was consolidating eastward past 7 months. she is tired now she wants to GO DOWN now! just my observation. My target is 750pip 1.3077..
Trend_Masters
  • #617,537
  • Aug 18, 2021 6:31am Aug 18, 2021 6:31am
Quoting kerndc
{quote} Was the month of June the start of a new down trend? I think so because at the start of 2018 the pair did almost the exact same thing. So my initial target is 750 pips lower from 1.3827... i`m looking to sell rallies going forward. {image}
today will be a day to remember for USD bulls, big levels in play, time for bed goodnight
If you are new to Forex? Say Goodbye to your account!!
  • #617,538
  • Aug 18, 2021 6:31am Aug 18, 2021 6:31am
Quoting fxmasterdxb
{quote} Good strategy, I actually took -23 pips yesterday and stayed on the sideline until while ago lets see how does it go this time {image}
Out @ 1.3753, crappy PA
  • #617,539
  • Aug 18, 2021 6:31am Aug 18, 2021 6:31am
Quoting kerndc
{quote} yes she was consolidating eastward past 7 months. she is tired now she wants to GO DOWN now! just my observation. My target is 750pip 1.3077..
I agree completely :-)
If you are new to Forex? Say Goodbye to your account!!
  • #617,540
  • Aug 18, 2021 6:33am Aug 18, 2021 6:33am
Looks like it’s gonna rip toe around this area till tonight. Could be in for a drop to 135/36 or a rise up to 138/39
Insane in the Brain..
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