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Cable Update (GBPUSD)

  • #621,381
  • Sep 4, 2021 7:16am Sep 4, 2021 7:16am
Don't think. No words.
  • #621,382
  • Sep 4, 2021 7:21am Sep 4, 2021 7:21am
Quoting ahsanhabib92
I think most of the traders here are doing forex on Demo Account
and you?

thank you
dolce vita
  • #621,383
  • Sep 4, 2021 7:25am Sep 4, 2021 7:25am
Quoting ahsanhabib92
I think most of the traders here are doing forex on Demo Account
I'm not sure about that
Don't be too greedy
  • #621,384
  • Sep 4, 2021 7:46am Sep 4, 2021 7:46am
Break of 1.3786 gave way to 1.3890, now failure to break 1.3910 is clear path to 1.33xx in days ahead, which will come quickly and aggressively.

September 6 - 10 Forecast

Possible High: 1.3880
Possible Low: 1.3630

Danger zone to invalidate bearish Bias : - 1.3910 break.

Charts below give the clue.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20210904-133720.png Size: 128 KB
Click to Enlarge Name: Screenshot_20210904-133624.png Size: 129 KB
Data + Stat + Risk/Emotions Management
  • #621,385
  • Sep 4, 2021 8:05am Sep 4, 2021 8:05am
Quoting Pat Chiko
{quote} Hi Alfie Solomon. Lesson to be learned is, don't get gambly or over confident, don't keep letting positions move against U, kill them, walk away and re think it. Discretional trading is the enemy of the newbies. When it comes down to it, trading is really only a game of probabilities--nothing is for sure in trading. You do NOT know what will happen next. Let me repeat that, and see if it harmonizes with your own beliefs. No matter how confident you are in yourself, in a setup, or an entry, the market does NOT care what you think, and you...
Such a nice post.
  • #621,386
  • Sep 4, 2021 8:38am Sep 4, 2021 8:38am
Quoting Georginson
Break of 1.3786 gave way to 1.3890, now failure to break 1.3910 is clear path to 1.33xx in days ahead, which will come quickly and aggressively. September 6 - 10 Forecast Possible High: 1.3880 Possible Low: 1.3630 Danger zone to invalidate bearish Bias : - 1.3910 break. Charts below give the clue. {image} {image}
the only thing I'd like to add..,
cause I am not agree with.., pointing 1.3910 as a point of change bearish into bullish

1.40 (!) is a point to became bullish, imo
cause 1.40 is a top of the "HANDLE OF THE CUP"
until then to me it's still BEARISH..,
Attached Image (click to enlarge)
Click to Enlarge Name: tvc_6281b5c243aa9037fcfd94884336332e.png Size: 36 KB
dolce vita
  • #621,387
  • Sep 4, 2021 8:44am Sep 4, 2021 8:44am
Quoting ahsanhabib92
I think most of the traders here are doing forex on Demo Account
Me not demo, monopoly money :-)
  • #621,388
  • Sep 4, 2021 8:57am Sep 4, 2021 8:57am
Quoting babayaga
{quote} the only thing I'd like to add.., cause I am not agree with.., pointing 1.3910 as a point of change bearish into bullish 1.40 (!) is a point to became bullish, imo cause 1.40 is a top of the "HANDLE OF THE CUP" until then to me it's still BEARISH.., {image}
1.3910 was outlined to invalidate bearish bias for this coming week, not September.
Data + Stat + Risk/Emotions Management
  • #621,389
  • Sep 4, 2021 9:07am Sep 4, 2021 9:07am
Price + Event+ Time= PET

As a trader we have to connect this 3 dotes. For better Decision.

Found this in a book. I am not guru.
MA provides the market's current direction and strength.
  • #621,390
  • Sep 4, 2021 9:13am Sep 4, 2021 9:13am
If anyone did physics at school. The concept of force has helped me understand a lot around the concept and the reaction of price to an event
  • #621,391
  • Sep 4, 2021 9:33am Sep 4, 2021 9:33am
Quoting hasib
Price + Event+ Time= PET As a trader we have to connect this 3 dotes. For better Decision. Found this in a book. I am not guru.


one thing is sure gu and eu will crash we need to prepare for it


maybe next year
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2021-09-04_14-32-05.png Size: 122 KB
MY OPINION NOT FINANCIAL ADVISE
  • #621,392
  • Sep 4, 2021 9:48am Sep 4, 2021 9:48am
Quoting donfriday
{quote} one thing is sure gu and eu will crash we need to prepare for it maybe next year {image}

Excellent chart analysis brother.

I am Not EW expert but I can understand your using EW for your analysis,

What I can understand and see in the chart is H&S and double top pattern.
MA provides the market's current direction and strength.
  • #621,393
  • Sep 4, 2021 10:09am Sep 4, 2021 10:09am
Quoting hasib
{quote} Excellent chart analysis brother. I am Not EW expert but I can understand your using EW for your analysis, What I can understand and see in the chart is H&S and double top pattern.


thats fibo abc not ew ew traders count every wave which is more stressful and i am not even good at that but counting abc flat, regular and irregular swing is more easier to spot connecting the previous swing hi or lo .

thankx
MY OPINION NOT FINANCIAL ADVISE
  • #621,394
  • Sep 4, 2021 10:55am Sep 4, 2021 10:55am
Quoting stevepatt
{quote} GBP/USD H1 Observations {image}

GBP/USD D1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 4th Sept 21 GBP_USD D1 Observations Mini_20210904_16.34.png Size: 114 KB
  • #621,395
  • Sep 4, 2021 11:27am Sep 4, 2021 11:27am
Quoting donfriday
{quote} one thing is sure gu and eu will crash we need to prepare for it maybe next year {image}
donfriday, you posted the EU chart. Here is the GU chart and the reason for my analysis. Do I know for sure if I've chosen the right pattern? No, but I will stick with it until proven otherwise. I know at what point this pattern becomes invalid, and there's all I need. You are right, labeling every tiny swing can drive a person crazy. I go with Fibonacci ratios (zones) for the end of the waves.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp 09.03.daily.EOD.png Size: 88 KB
Click to Enlarge Name: Flats.PNG Size: 71 KB
Always trade your own plan...I don't provide trading signals.
  • #621,396
  • Sep 4, 2021 12:52pm Sep 4, 2021 12:52pm
Quoting Coreg2004
{quote} donfriday, you posted the EU chart. Here is the GU chart and the reason for my analysis. Do I know for sure if I've chosen the right pattern? No, but I will stick with it until proven otherwise. I know at what point this pattern becomes invalid, and there's all I need. You are right, labeling every tiny swing can drive a person crazy. I go with Fibonacci ratios (zones) for the end of the waves. {image} {image}
Could you share it? Your book to know correction pattern
  • #621,397
  • Sep 4, 2021 1:06pm Sep 4, 2021 1:06pm
Quoting corongumet
{quote} Could you share it? Your book to know correction pattern
corongumet, here you have it. The rest of what I'm using in my analysis you can find in my profile in the files folder.
Attached File(s)
File Type: pdf Elliott_Waves.pdf   2.0 MB | 557 downloads
Always trade your own plan...I don't provide trading signals.
  • #621,398
  • Sep 4, 2021 1:22pm Sep 4, 2021 1:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 37 KB
  • #621,399
  • Sep 4, 2021 1:28pm Sep 4, 2021 1:28pm
Quoting donfriday
{quote} one thing is sure gu and eu will crash we need to prepare for it maybe next year {image}
Honestly, This remaining 4 months of year 2021 looks almost imminent for a crash to 1.28xx by or before December.
Data + Stat + Risk/Emotions Management
  • #621,400
  • Sep 4, 2021 1:50pm Sep 4, 2021 1:50pm
Quoting Ihlas
{image}
Ihlas, yes, yes, and yes.
Attached Image (click to enlarge)
Click to Enlarge Name: WRE.png Size: 72 KB
Always trade your own plan...I don't provide trading signals.
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