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Cable Update (GBPUSD)

  • #619,581
  • Aug 27, 2021 3:54am Aug 27, 2021 3:54am
The whole pattern stems from the daily correction with secondary trend and having taken the low confirms the correction and continuation but first the smaller correction to retest
Up is corrective ABC so currently A done B in progress and could be any shape so looking like a ranger atm then C to finish off the retest then down

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Follow The Markets Structure - Patience and Discipline
  • #619,582
  • Aug 27, 2021 3:56am Aug 27, 2021 3:56am
Major Trend : South
Minor Trend : north and south
not euphoria follower
  • #619,583
  • Aug 27, 2021 3:56am Aug 27, 2021 3:56am
Quoting Theoak
Long in at 1.3697 {image}
If we can get through the 21 ma we should be in the Buggs Bunny (Money). It is not the best entry as we are only on short term momentum!!!
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Don't trade what you think. Just what you see!!!
  • #619,584
  • Aug 27, 2021 4:05am Aug 27, 2021 4:05am
will left it to run , let see SL hit or goes to north
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,585
  • Aug 27, 2021 4:05am Aug 27, 2021 4:05am
Here’s what I think, may be wrong though. Still learning.

p/s: credits to PAT, learnt a lot from studying his chart
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  • #619,586
  • Aug 27, 2021 4:11am Aug 27, 2021 4:11am
Quoting Theoak
{quote} If we can get through the 21 ma we should be in the Buggs Bunny (Money). It is not the best entry as we are only on short term momentum!!! {image}
Idea was to close half position when 21 ma hit run the rest, but taken profit early... stops to BE run the rest.
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Don't trade what you think. Just what you see!!!
  • #619,587
  • Aug 27, 2021 4:22am Aug 27, 2021 4:22am
Higher timeframes are pointing for a short in my view!! Should wait for these low to break, but putting small lot on with 25 pip wiggle room. See you all later!!!
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Don't trade what you think. Just what you see!!!
  • #619,588
  • Aug 27, 2021 4:27am Aug 27, 2021 4:27am
Quoting trumps
Big demand area below {image} {image}
Asia posted a bear trap.
London posted a bull trap
I think NY will post another bear trap.
Compulsions can be hard to resist
  • #619,589
  • Aug 27, 2021 4:29am Aug 27, 2021 4:29am
Quoting trumps
{quote} Asia posted a bear trap. London posted a bull trap I think NY will post another bear trap.
I don't think it qualifies as a "trap", if its a 20-30 pip move, within a range even. Anything below 100 pips on the pound is a light sneeze.
Everyone can see the chart, but only a few can actually read it.
  • #619,590
  • Aug 27, 2021 4:29am Aug 27, 2021 4:29am
Looking good, daily supply holding as expected
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  • #619,591
  • Aug 27, 2021 4:39am Aug 27, 2021 4:39am
Quoting Georginson
{quote} @Navin2007... Last 6 years August most Repeated Range is 400 - 450 pips Last 6 months: most Repeated range is 412 - 460 pips (May, June &July) Maximum range is 675 pips (February) Minimum range is 341 pips (April) This August so far 355 pips (1.3957 - 1.3602) ✓ August Range has exceeded Minimum of 341 pips ✓ Next possible Range Target is 412 pips Which means 412 pips minus 355 pips (Current Range) = 57 pips. ™ Since Current price (1.3623 is closer to the low) it means possibility of 412 pips range completion to the Low is realistic......
As forecasted the average last 7 trade days being 160 pips is still playing out and also 1.3600 connecting 1.3760 has proven intact too.

This week low of 1.3607 - 1.3767 high also equates the projected 160 pips... 1.3767 is now acting as resistance, failure to break 1.3767/1.3786 will open 1.3545/1.3516 in days ahead.

Please plan your trade ahead, don't be too fast to react and don't be too slow to respond.

Cheers George.
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Data + Stat + Risk/Emotions Management
  • #619,592
  • Aug 27, 2021 4:41am Aug 27, 2021 4:41am
Inserted Video
not euphoria follower
  • #619,593
  • Aug 27, 2021 4:43am Aug 27, 2021 4:43am
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yes yes yes
  • #619,594
  • Aug 27, 2021 4:46am Aug 27, 2021 4:46am
Quoting Moty
{image}
What’s your top end profit zone?
Insane in the Brain..
  • #619,595
  • Aug 27, 2021 4:49am Aug 27, 2021 4:49am
Bulls will lose if 3687/86/90 gives up.

Until then it t might be long day.
Intraday only.
  • #619,596
  • Aug 27, 2021 4:51am Aug 27, 2021 4:51am
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Fools Rushing
  • #619,597
  • Aug 27, 2021 4:51am Aug 27, 2021 4:51am
Now im selling. SL 50 Pips TP 150.
And for eu waiting the signal maybe after news.
  • #619,598
  • Aug 27, 2021 4:54am Aug 27, 2021 4:54am
Quoting Wavegarrick
{quote} So far so good, I am getting nice bearish confirmation signals from a daily and 4hr perspective. Retrace to my daily pivot at 1.37190 presented nice sell entry opportunities. Trade safe, Cheers. {image}
ok i'm with you
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#hold tp 1.35700
Like me, cuts losses quickly. But has more patience and lets his winn
  • #619,599
  • Aug 27, 2021 4:57am Aug 27, 2021 4:57am
Quoting navk
Bulls will lose if 3687/86/90 gives up. Until then it t might be long day.
3660 is the support for current try to swing up imo, RR for long 30/300=1/10

so long 3700 tp 4000
  • #619,600
  • Aug 27, 2021 5:04am Aug 27, 2021 5:04am
Still awaiting the big move
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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