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Cable Update (GBPUSD)

  • #621,161
  • Sep 3, 2021 6:13am Sep 3, 2021 6:13am
Hindsight is 20/20 but that "trouble area" (1.3818) also falls on a 0.236 fib retracement (mapped from September 1st's Low to today's High).

I should pay more attention to such confluence levels.
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  • #621,162
  • Sep 3, 2021 6:18am Sep 3, 2021 6:18am
closed all my short when finally my mt4 Iphone app showed blue trades while having lunch

still think we are in a bearish ABCD move (pic below)
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if high will break i will try to go long to 3880\3900 area which is ABCD 1.27, and switch to short again.

this is main plan.
maybe its all bullshit, will see.

***edit t, added the screenshot with Fib WP***
  • #621,163
  • Sep 3, 2021 6:20am Sep 3, 2021 6:20am
Quoting genadi
{quote} what does those numbers mean?
The very next post explain.

Scroll down a bit , sure you will find it.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #621,164
  • Sep 3, 2021 6:27am Sep 3, 2021 6:27am
Quoting Pat Chiko
{quote} The very next post explain. Scroll down a bit , sure you will find it.
  • #621,165
  • Sep 3, 2021 6:28am Sep 3, 2021 6:28am
I added another short order.
1.3835
  • #621,166
  • Sep 3, 2021 6:35am Sep 3, 2021 6:35am
Quoting gatenio
closed all my short when finally my mt4 Iphone app showed blue trades while having lunch still think we are in a bearish ABCD move (pic below) {image} if high will break i will try to go long to 3880\3900 area which is ABCD 1.27, and switch to short again. this is main plan. maybe its all bullshit, will see. ***edit t, added the screenshot with Fib WP***
dxi showing the same pattern as well.
so hard to be a $ bull, but the strategy must be respected.
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  • #621,167
  • Sep 3, 2021 6:36am Sep 3, 2021 6:36am
As i have been saying for a while 3800 would act as SBR in the bigger picture and the daily has closed above so now it looks like it is retesting with current corrective move.

As we can see from the photo one of the reasons i do not like to trade corrections is due to their unpredictability in shape and form sometimes they are simple abc , others times they can be more complex.

Target wise if all goes to plan, i will be looking around the 3877 level which is the 4H structure break level

This is my plan it may change according to PA.

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Follow The Markets Structure - Patience and Discipline
  • #621,168
  • Edited 7:05am Sep 3, 2021 6:48am | Edited 7:05am
Correct i am expecting another push down 1.381.
NFP today confirm or not. A bullish trend weekly piercing line need a confirmation break higher a sign of bullish continuation.
a counter trading need a more skills and years.
not for everyone..
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #621,169
  • Sep 3, 2021 6:57am Sep 3, 2021 6:57am
Quoting mysterio
Kind of the broad scenario I expect Too close to some significant highs to not take them out I believe After these are claimed then down next week, or we have some even bigger prizes up at 1.40 but this is too far in the future A trading idea might be to watch the DPP for long. If we begin frankfurt above the DPP drifting towards it then it will likely touch and support price and pivot as the name suggests. All of this is PA dependent I don't believe in blindly buying on levels (anymore) {image}
Think I missed my opportunity to pounce here, tricky today

Took the long a little early at LO and stopped out BE when it dropped

Bounced just above the pivot on m30 demand zone so that may be the retest over

Too close to NFP to get involved now, still think the broad shape of it is fine
  • #621,170
  • Sep 3, 2021 7:01am Sep 3, 2021 7:01am
Quoting Pat Chiko
{quote} Hey Jolita. You can read it whenever you're free. I think you might want to reassess your thoughts about financial markets. Financial Markets are just that , markets , the theorys and applications of techincal analysis applies to any market not just forex. All markets are the same they are all surrounded about one thing price.... Thats all. Each market has its own nuances , but essentially they are all the same. The markets are as hard as you want to make them and as profitable as the amount of effort and self-discovery as you are willing...
Hi Pat,
Noted and yes I am aware of all points mentioned.Thank you.
I will stick with forex. I was able to gain good profits in past considering most of my trades are monitored on my phone.
Juggling between work and family life can be tricky at times, but this is my beloved hobby. If I could free more time, could achieve better results. At the moment it is how it is and I try my best to improve and educate my self. I read so much material, hopefully will sink in my head one day
BR, J
  • #621,171
  • Sep 3, 2021 7:03am Sep 3, 2021 7:03am
Top down market out look.
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  • #621,172
  • Edited 7:36am Sep 3, 2021 7:09am | Edited 7:36am
Price action is telling me NFP is going to be negative, prompting short term drop in price for a continued bullish move. Let's wait and see.
  • #621,173
  • Sep 3, 2021 7:10am Sep 3, 2021 7:10am
Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #621,174
  • Sep 3, 2021 7:12am Sep 3, 2021 7:12am
Quoting PElago
GBPUSD scalp. {image}
Closed just before TP was hit at 1.38380. Still waiting for Buys lower down
  • #621,175
  • Sep 3, 2021 7:15am Sep 3, 2021 7:15am
Break highs will have a pop
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Don't trade what you think. Just what you see!!!
  • #621,176
  • Sep 3, 2021 7:16am Sep 3, 2021 7:16am
No clues so far as cable has been hovering around same area all day. Maybe a jump up and then down can’t tell. Or maybe nfp is going to have a muted effect
Insane in the Brain..
  • #621,177
  • Sep 3, 2021 7:18am Sep 3, 2021 7:18am
One extra buy position added at circa 1.3818.
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Eu/cad TP sell is promising.
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  • #621,178
  • Sep 3, 2021 7:23am Sep 3, 2021 7:23am
the chart still showing no sell rather a continuation
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MY OPINION NOT FINANCIAL ADVISE
  • #621,179
  • Sep 3, 2021 7:23am Sep 3, 2021 7:23am
the only way it can be bullish if it beats consensus
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #621,180
  • Sep 3, 2021 7:24am Sep 3, 2021 7:24am
Pre-NFP Chart considering the Current Fundamental Outlook
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