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Cable Update (GBPUSD)

  • #628,961
  • Oct 8, 2021 12:39am Oct 8, 2021 12:39am
Quoting W0lfram
{quote} Update... Y'day growth on negative Delta, huge value. Not a sign of strength, imo. It seems to be called corrective movement? Watching for reaction ~1.357 (possible){image}
How to read your chart? Does it mean going up on negative delta is a stop hunt?
  • #628,962
  • Oct 8, 2021 12:50am Oct 8, 2021 12:50am
Quoting mysterio
{image}
close wait for Frankie
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  • #628,963
  • Oct 8, 2021 12:57am Oct 8, 2021 12:57am
Quoting MTF Test
Potential scenario {image}
Also potential the reverse
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #628,964
  • Oct 8, 2021 1:01am Oct 8, 2021 1:01am
Imo this should be the low for the next few hours/days.
take tolerance of 10-20 pips

Current price 1.3597
  • #628,965
  • Oct 8, 2021 1:02am Oct 8, 2021 1:02am
Quoting iqyu5an
{quote} Where is abc in 3 to 4 leg in your brother ?

wasnt making a full count

just a demo
MY OPINION NOT FINANCIAL ADVISE
  • #628,966
  • Oct 8, 2021 1:07am Oct 8, 2021 1:07am
Quoting kris89
{quote} ahhhh , my sketch is bad then , good charting of EW

i am not EW master

just lucky with count sometime
MY OPINION NOT FINANCIAL ADVISE
  • #628,967
  • Oct 8, 2021 1:09am Oct 8, 2021 1:09am
Quoting donfriday
{quote} wasnt making a full count just a demo
nice count.
try to mix 4h and 1h together.. see the connections.
how 4th of 4h is the abc of 1h.
pattern inside pattern inside pattern and so on.
thats how you will be focus on every big or medium intraday moves
  • #628,968
  • Oct 8, 2021 1:09am Oct 8, 2021 1:09am
Quoting kk300
{quote} How to read your chart? Does it mean going up on negative delta is a stop hunt?
The easiest way to look at it as a regular oscillator with divergences. Recognizing someone's (big guys) intentions is a lost cause, for me at least
https://www.forexfactory.com/thread/...2#post13733952
Air force
  • #628,969
  • Oct 8, 2021 1:10am Oct 8, 2021 1:10am
Quoting DLTrader
Looking to short pound today. The price has broken below a rising channel right after a rejection at the falling trendline. Wait for a pullback towards 1.3605 or higher to sell. SL within 30 pips and TP within 60 pips. Good luck traders! {image}
Quick update on my GBPUSD Sell trading idea.
I got into a short position yesterday at 1.3620.
The correction extended to 1.3638 and it finally reversed.
I'm glad that I've stuck to my plan and now the market is looking bearish enough to potentially reach my profit target.
Good luck to all traders and happy NFP.
Aim for what's achievable and don't be a dreamer.
  • #628,970
  • Oct 8, 2021 1:10am Oct 8, 2021 1:10am
Quoting W0lfram
{quote} The easiest way to look at it as a regular oscillator with divergences. Recognizing someone's (big guys) intentions is a lost cause, for me at least https://www.forexfactory.com/thread/...2#post13733952
The way i'm reading it is the algo is moving price for liquidity to match orders whilst the true intention of the market is to do the opposite/sell off so yea like divergence

like yesterdays sell the price was making a kind of weird straight line push up to liquidity zone and a final burst in the m1 chart before hitting supply then selling off
  • #628,971
  • Oct 8, 2021 1:14am Oct 8, 2021 1:14am
H12 .. 2 scenario
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  • #628,972
  • Oct 8, 2021 1:24am Oct 8, 2021 1:24am
Quoting mysterio
{quote} The way i'm reading it is the algo is moving price for liquidity to match orders whilst the true intention of the market is to do the opposite/sell off so yea like divergence like yesterdays sell the price was making a kind of weird straight line push up to liquidity zone and a final burst in the m1 chart before hitting supply then selling off
I think I caught it yesterday if we mean the same thing. Wanted to post, then changed my mind...
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Saw you are using DOM heatmap, great thing!
Now it's just larger scale, Daily
Air force
  • #628,973
  • Oct 8, 2021 1:29am Oct 8, 2021 1:29am
Quoting W0lfram
{quote} I think I caught it yesterday if we mean the same thing. Wanted to post, then changed my mind... {image} Saw you are using DOM heatmap, great thing! Now it's just larger scale, Daily
Yea mainly cause it reminds me of the video games I played as a kid
  • #628,974
  • Oct 8, 2021 1:32am Oct 8, 2021 1:32am
awaiting LO to open the gate
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #628,975
  • Oct 8, 2021 1:34am Oct 8, 2021 1:34am
Quoting kris89
awaiting LO to open the gate
do not short it. Pls.

EW, trend, LC theory, everything is against the short.
  • #628,976
  • Oct 8, 2021 1:36am Oct 8, 2021 1:36am
Id like to see a push lower if i'm to buy
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  • #628,977
  • Oct 8, 2021 1:36am Oct 8, 2021 1:36am
Quoting gatenio
{quote} do not short it. Pls.
why ? my base is sell from yesterday . since it ranging and making flag , today im going to sell it , but in limited 1.35000 will be my target and 1.34000 is the max of crazy friday with nfp , but if nfp wanna go the other direction , then 1.35000 will be the land base for it to 1.37000 later

also the momentum for upstair is too slow grown , if price wanna going up , it will down first , and if the landing bounce is break , its will make it failed
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #628,978
  • Oct 8, 2021 1:38am Oct 8, 2021 1:38am
Quoting kris89
{quote} why ? my base is sell from yesterday . since it ranging and making flag , today im going to sell it , but in limited 1.35000 will be my target and 1.34000 is the max of crazy friday with nfp , but if nfp wanna go the other direction , then 1.35000 will be the land base for it to 1.37000 later
Show me the flag, with bearish sentiment.
  • #628,979
  • Oct 8, 2021 1:41am Oct 8, 2021 1:41am
Quoting gatenio
{quote} Show me the flag, with bearish sentiment.
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #628,980
  • Oct 8, 2021 1:42am Oct 8, 2021 1:42am
Quoting gatenio
Buy limits for GU from last night about to hit. {image}
all activated.
Added some more.
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