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Cable Update (GBPUSD)

  • #619,401
  • Aug 26, 2021 6:59am Aug 26, 2021 6:59am
Grrr what’s happening??
Insane in the Brain..
  • #619,402
  • Aug 26, 2021 7:00am Aug 26, 2021 7:00am
Quoting Moty
next candle it will pop up {image}

Nice Trade Moty

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #619,403
  • Aug 26, 2021 7:01am Aug 26, 2021 7:01am
Quoting Moty
next candle it will pop up {image}
Seems on the hourly it was trying to kill of longs near 13730 area
Insane in the Brain..
  • #619,404
  • Aug 26, 2021 7:09am Aug 26, 2021 7:09am
On this chart we have H4 H1 and M15 swings

H1 and M15 are not fixed and can change as the price swings develop, the swings are drawn in manually, so as you can see if the 15 minute does not break to the upside it is a crapshoot to guess the bottom of the H1 swing

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 53 KB
Follow The Markets Structure - Patience and Discipline
  • #619,405
  • Aug 26, 2021 7:16am Aug 26, 2021 7:16am
Quoting pipfarm
On this chart we have H4 H1 and M15 swings H1 and M15 are not fixed and can change as the price swings develop, the swings are drawn in manually, so as you can see if the 15 minute does not break to the upside it is a crapshoot to guess the bottom of the H1 swing {image}
As we can now see the H1 and M15 swings developed further changing the entry on m15 to trending above the last lower high, if it is going to move back up at all

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1a.png Size: 37 KB
Follow The Markets Structure - Patience and Discipline
  • #619,406
  • Aug 26, 2021 7:17am Aug 26, 2021 7:17am
Quoting Pat Chiko
GU Scalping a bit while waiting for NYO. Test for first trade today {image}
News time.

Better tighten SL before news

Attached Image (click to enlarge)
Click to Enlarge Name: gu 168.jpg Size: 377 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #619,407
  • Aug 26, 2021 7:21am Aug 26, 2021 7:21am
Quoting Pat Chiko
{quote} News time. Better tighten SL before news {image}
Nicely done PAT.
Fools Rushing
  • #619,408
  • Aug 26, 2021 7:23am Aug 26, 2021 7:23am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
yes yes yes
  • #619,409
  • Aug 26, 2021 7:23am Aug 26, 2021 7:23am
Quoting MTF Test
{quote} Nicely done PAT.
The white zone is SR Flip with rejection from above.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #619,410
  • Aug 26, 2021 7:27am Aug 26, 2021 7:27am
Quoting Pat Chiko
{quote} The white zone is SR Flip with rejection from above.
Okay but I still see a final push up in price
  • #619,411
  • Aug 26, 2021 7:30am Aug 26, 2021 7:30am
dx will go down , gu and gold will go up
gold reached the weekly r2 pretty fast and retraced to weekly pivot
\now it will go again to weekly r2
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 17 KB
yes yes yes
  • #619,412
  • Aug 26, 2021 7:30am Aug 26, 2021 7:30am
I do no think Pat is saying price will not move up , he knows how the market moves, his choice was to trade that H1 swing down and he has his entry right and i think now he has his tp.

Trading is relative to the swing and timeframe you choose to trade and how you process the structure
Follow The Markets Structure - Patience and Discipline
  • #619,413
  • Aug 26, 2021 7:42am Aug 26, 2021 7:42am
Is the new in yet? When is GBP dropping like mad?
  • #619,414
  • Aug 26, 2021 7:43am Aug 26, 2021 7:43am
Quoting Wavegarrick
Hi Guys, As I see a lot of non-related GbpUsd bollocks posts here lately, I have decided to take a back seat, for the time being, this is SUPPOSED to be a cable thread only and is slowly becoming the wild west. I have had pm's about Gu direction and will try my best to help fellow traders. So here goes: Gu from a monthly perspective is clearly down and has breached significant levels in my opinion, we still have 10 days to go to month end so we will have to see. {image} From a weekly perspective, one of the few majors that have not reached my yearly...
Hi Guys,
I believe we are in the early stages of a possible short cycle. I have entered my first sell trade and could look to add more on retraces.
Trade safe,
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1280.png Size: 105 KB
Trade to trade another day
  • #619,415
  • Aug 26, 2021 7:44am Aug 26, 2021 7:44am
Quoting IBabyTrader
Is the new in yet? When is GBP dropping like mad?
Some US data came in hence there is movement. Funny enough the red sticker data wasn’t great for USD however the yellow was better so a bit of tug o war going on
Insane in the Brain..
  • #619,416
  • Aug 26, 2021 7:48am Aug 26, 2021 7:48am
Quoting BeeTogether
{quote} Some US data came in hence there is movement. Funny enough the red sticker data wasn’t great for USD however the yellow was better so a bit of tug o war going on
I think the movement might be more to do with Bullard speaking?
  • #619,417
  • Aug 26, 2021 7:49am Aug 26, 2021 7:49am
better to follow previous to actual
  • #619,418
  • Aug 26, 2021 7:49am Aug 26, 2021 7:49am
I think sidelines for now. I am bear bias until 1.36/35 but may have second guessed things with an initial rise so, time to step away until something becomes apparent. we're in a small descending channel but if in doubt stay out for now. Also touching a small RBR demand zone. A breakout and retest might persuade me in to buy. To me it is rare in cable that a sell off will peak in asia and just continue through LO/NY. I think our buddy JP speaks tomorrow so the big move may be then
  • #619,419
  • Aug 26, 2021 7:50am Aug 26, 2021 7:50am
XAUUSD hit with hard.
  • #619,420
  • Aug 26, 2021 7:50am Aug 26, 2021 7:50am
up up and and away from 1.37227
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 26 KB
yes yes yes
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