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Cable Update (GBPUSD)

  • #622,381
  • Sep 8, 2021 1:11pm Sep 8, 2021 1:11pm
Quoting gatenio
{quote} 1.38? I dont see the R beside the RN. lets say FVG around 1.381 and R.. weak R. but im just a novice trader who dream big.
retracement 38.2% from 1.618 AB=CD pattern one of them
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Daddy, Brother, Lover, Little Boy
  • #622,382
  • Sep 8, 2021 1:15pm Sep 8, 2021 1:15pm
Quoting donfriday
chart dont lie trader need to read it, its a book
Yea. Only thing we need is to guess next chapter
Air force
  • #622,383
  • Sep 8, 2021 1:16pm Sep 8, 2021 1:16pm
Quoting donfriday
{quote} expect expanded flat stop hunting {image}
maybe bro.. all this down move from 1.389 was a correction base on AB=CD 1.27 right on last week confluence level (posted last week)
my bad i close it too early after 38.2% retrace and the fibo cluster setup who amazingly failed (one of my strongest setup) @ 1.378
now base on daily, 4h, 1h, 30m.. and the continuation of the waves i see 1.39, soon.

this is just my style of trading pattern base of fibonacci (i do use basic and pure pa to control precise entry)
for me price can fly without looking back.
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  • #622,384
  • Sep 8, 2021 1:19pm Sep 8, 2021 1:19pm
Quoting Mr.Burger
{quote} retracement 38.2% from 1.618 AB=CD pattern one of them {image}
LOL just post same pattern.
last month of the quarter, im going with the bulls as long daily above MPP
  • #622,385
  • Sep 8, 2021 1:20pm Sep 8, 2021 1:20pm
Quoting gatenio
{quote} LOL just post same pattern. last month of the quarter, im going with the bulls as long daily above MPP
Daddy, Brother, Lover, Little Boy
  • #622,386
  • Sep 8, 2021 1:22pm Sep 8, 2021 1:22pm
Quoting Wags
{quote} Just out of interest i will keep this full analysis on my charts, grey demand area? It doesn't look right to me but i will leave it {image} EDIT: I knew something was throwing me off course pink could be target area and original demand area could be supply {image} PS: If this goes tits up, i will be posting as another alias

Panning out well so far Target 1.3600

Attached Image (click to enlarge)
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  • #622,387
  • Sep 8, 2021 1:23pm Sep 8, 2021 1:23pm
Quoting W0lfram
{quote} Yea. Only thing we need is to guess next chapter
  • #622,388
  • Sep 8, 2021 1:23pm Sep 8, 2021 1:23pm
Quoting pipfarm
{quote} {image}

For those that are liking what i am posting , please be aware that the forward swings are not exact, price may correct higher , use further pa to confirm entries
Follow The Markets Structure - Patience and Discipline
  • #622,389
  • Edited 1:38pm Sep 8, 2021 1:27pm | Edited 1:38pm
lets go down..
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  • #622,390
  • Sep 8, 2021 1:30pm Sep 8, 2021 1:30pm
Quoting Ihlas
{quote}
Herwi Potah and Financial Markets
Air force
  • #622,391
  • Sep 8, 2021 1:32pm Sep 8, 2021 1:32pm
Quoting pipfarm
{quote} For those that are liking what i am posting , please be aware that the forward swings are not exact, price may correct higher , use further pa to confirm entries
any book you suggest on this theory.? also i was looking into daily same structure which you are telling is also there from 11/6/21 daily candle..
  • #622,392
  • Sep 8, 2021 1:38pm Sep 8, 2021 1:38pm
Quoting Jolita
Hi Bones, Greetings from south of the river. This is UK business district. Wonder when they are going to press the buy button? {image}
Greetings maybe someone did already ,leaving a bullish hammer to consider
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #622,393
  • Sep 8, 2021 1:39pm Sep 8, 2021 1:39pm
Quoting gatenio
{quote} maybe bro.. all this down move from 1.389 was a correction base on AB=CD 1.27 right on last week confluence level (posted last week) my bad i close it too early after 38.2% retrace and the fibo cluster setup who amazingly failed (one of my strongest setup) @ 1.378 now base on daily, 4h, 1h, 30m.. and the continuation of the waves i see 1.39, soon. this is just my style of trading pattern base of fibonacci (i do use basic and pure pa to control precise entry) for me price can fly without looking back. {image}


price doesnt fly without looking back, its just a matter of time, its an unexpected fundamental that drive the market insane we all know.
we shouldn't think to much about price direction, let take it step at a time.
MY OPINION NOT FINANCIAL ADVISE
  • #622,394
  • Sep 8, 2021 1:41pm Sep 8, 2021 1:41pm
Quoting W0lfram
{quote} Herwi Potah and Financial Markets
Magic spell: Ridiculous
  • #622,395
  • Sep 8, 2021 1:42pm Sep 8, 2021 1:42pm
Quoting Bones
{quote} Greetings maybe someone did already ,leaving a bullish hammer to consider {image}
Looks primed for a drop on that chart to me bones

But i suppose its only relative to where are targets are
  • #622,396
  • Sep 8, 2021 1:43pm Sep 8, 2021 1:43pm
DXY

DOWN AGAIN????
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #622,397
  • Sep 8, 2021 1:49pm Sep 8, 2021 1:49pm
False Doji/spinning top. Be well guided...
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Data + Stat + Risk/Emotions Management
  • #622,398
  • Sep 8, 2021 1:54pm Sep 8, 2021 1:54pm
Quoting donfriday
{quote} price doesnt fly without looking back, its just a matter of time, its an unexpected fundamental that drive the market insane we all know. we shouldn't think to much about price direction, let take it step at a time.
it does.. you need to see how double 3rd wave look like.
  • #622,399
  • Sep 8, 2021 1:55pm Sep 8, 2021 1:55pm
Quoting kk300
{quote} any book you suggest on this theory.? also i was looking into daily same structure which you are telling is also there from 11/6/21 daily candle..
Unfortunately there are no books that i know of,

U see the situation is that Robert Prechter and other so called elliott wave gurus have taken what elliott wrote completely out of context and created this monster of wave counting 12345 abc wxy etc , it is as simple as a wave/swing repeating at various degrees of size in time to create a larger version of the base or parent swing included.

If you look at a tree it is as simple as the parts look like the whole tree, if you plant a tree you can be fairly certain that branches will grow with leaves and those branches will create more and they all resemble a tree, it is exactly the same in the markets , if you can identify the first wave you can practise by watching the next wave unfold in various degree of size, some will be larger than the parent some will be smaller but they all connect to form a larger pattern of the parent wave.

I would suggest not going too deep into it because it really is that simple, maybe have a look at what a true fractal pattern is to get an understanding and then practise spotting them on a chart.


And above all else use other t/a p/a to confirm entries.


hope this helps in some way
Follow The Markets Structure - Patience and Discipline
  • #622,400
  • Sep 8, 2021 1:56pm Sep 8, 2021 1:56pm
Quoting Georginson
False Doji/spinning top. Be well guided... {image} {image}
I think the one u have in your pic,has a long wicker to the upside..the one on the charts looks smaller, It will probably go up but theres a lot of traffic upstairs, price need to fight
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