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Cable Update (GBPUSD)

  • #635,701
  • Nov 3, 2021 1:39pm Nov 3, 2021 1:39pm
1.3650 mark has been breached.

I hope it goes down further.

In one of my previous posts, I said that there is possibility of an AB=CD harmonic pattern forming on the H1 chart of GBPUSD.

The pattern did not hold.

The price went down South, against the signal from the harmonic.

I think I need to study harmonic price patterns in more details before identifying the pattern.

This way I will be more sure of myself.
  • #635,702
  • Nov 3, 2021 1:45pm Nov 3, 2021 1:45pm
Attached Image (click to enlarge)
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yes yes yes
  • #635,703
  • Nov 3, 2021 1:49pm Nov 3, 2021 1:49pm
Quoting Pat Chiko
{quote} GU Common GU Gimme a spike. Or you're out of Gas ?. Dyemmm... no , don't drop. {image}
GU

Sometimes we have to stop.

Think for a while what Market Maker are trying to do.

They trade in hundred million lot, not 10 or 20.

How they want to off load the position without crashing it.

Spike up to clear some of their order ( may be 50%,)

They need to off load more, therefore let price come up again

Who are the buyer ?. The early seller who short after the initial spike up.

I added more position ( this is good greed), when price goes down coz they are bringing it up again to take all the stop.

The article provided to you is just that. Now we have life exaplme tonight during FOMC

Attached Image (click to enlarge)
Click to Enlarge Name: gu 154.jpg Size: 130 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,704
  • Nov 3, 2021 1:52pm Nov 3, 2021 1:52pm
Quoting Pat Chiko
{quote} GU Sometimes we have to stop. Think for a while what Market Maker are trying to do. They trade in hundred million lot, not 10 or 20. How they want to off load the position without crashing it. Spike up to clear some of their order ( may be 50%,) They need to off load more, therefore let price come up again Who are the buyer ?. The early seller who short after the initial spike up. I added more position ( this is good greed), when price goes down coz they are bringing it up again to take all the stop. The article provided to you is just that....
GU

Now they wipe out all your stop

Attached Image (click to enlarge)
Click to Enlarge Name: gu 155.jpg Size: 164 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,705
  • Nov 3, 2021 1:53pm Nov 3, 2021 1:53pm
SHORT 1.3688 no tp no sl
  • #635,706
  • Nov 3, 2021 1:54pm Nov 3, 2021 1:54pm
Monthly, weekly and daily are at extremes. Next move should be downwards
  • #635,707
  • Nov 3, 2021 2:02pm Nov 3, 2021 2:02pm
Quoting Pat Chiko
{quote} GU Now they wipe out all your stop {image}
GU

Lets bring it to target 2 , more liquidity up there.

Going to move all my stop to positive, then let it run to TP 2


Attached Image (click to enlarge)
Click to Enlarge Name: gu 156.jpg Size: 155 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,708
  • Nov 3, 2021 2:07pm Nov 3, 2021 2:07pm
Quoting Pat Chiko
{quote} Here you go enjoy it. {image}{image}
you can download for free such books, all is perfect, but it is easy to loose, because you cannot find there what you really need
  • #635,709
  • Nov 3, 2021 2:08pm Nov 3, 2021 2:08pm
Very good statement from the Fed, surprised. In my view dollar and US is recovering. A bit surprised rates kept the same, all media gossip for nothing, usual stuff.
  • #635,710
  • Nov 3, 2021 2:11pm Nov 3, 2021 2:11pm
sell - 1.3678
Together we can be strongest
Vantage Return This Month: na
  • #635,711
  • Nov 3, 2021 2:13pm Nov 3, 2021 2:13pm
Quoting Jolita
Very good statement from the Fed, surprised. In my view dollar and US is recovering. A bit surprised rates kept the same, all media gossip for nothing, usual stuff.

chart dont lie media lie
MY OPINION NOT FINANCIAL ADVISE
  • #635,712
  • Nov 3, 2021 2:14pm Nov 3, 2021 2:14pm
In the long term, the GBPUSD currency pair should move something like this
Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 26 KB
  • #635,713
  • Nov 3, 2021 2:15pm Nov 3, 2021 2:15pm
Quoting Isabella_D
3 days GBP; caution lower 1.3600{image}
and now


Attached Image (click to enlarge)
Click to Enlarge Name: 20Uhr.JPG Size: 76 KB
  • #635,714
  • Nov 3, 2021 2:17pm Nov 3, 2021 2:17pm
Quoting Jolita
Very good statement from the Fed, surprised. In my view dollar and US is recovering. A bit surprised rates kept the same, all media gossip for nothing, usual stuff.
About rates
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20211030-205916.jpg Size: 279 KB
Air force
  • #635,715
  • Nov 3, 2021 2:18pm Nov 3, 2021 2:18pm
Quoting donfriday
{quote} chart dont lie media lie
I NEVER LOSE/=I EITHER WIN OR LEARN what do you like more, to win or to learn ? best greetings!
  • #635,716
  • Nov 3, 2021 2:21pm Nov 3, 2021 2:21pm
Quoting Isabella_D
{quote} and now {image}
Care to explain this chart?
  • #635,717
  • Nov 3, 2021 2:22pm Nov 3, 2021 2:22pm
Quoting Moty
{image}
This is a movement bearish, the break out of the channel and the price will go to 1.3570
Together we can be strongest
Vantage Return This Month: na
  • #635,718
  • Nov 3, 2021 2:24pm Nov 3, 2021 2:24pm
Quoting Maximumheigh
{quote} Loaded some SHORTS @1.3665. IMO
Added to my SHORTS @1.3678. TP 1.357x. IMO
  • #635,719
  • Nov 3, 2021 2:35pm Nov 3, 2021 2:35pm
Quoting Pat Chiko
{quote} GU Lets bring it to target 2 , more liquidity up there. Going to move all my stop to positive, then let it run to TP 2 {image}

GU

Price trying to break Monday high to target 2.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 157.jpg Size: 132 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,720
  • Nov 3, 2021 2:35pm Nov 3, 2021 2:35pm
Quoting Mitiblotch
{quote} Care to explain this chart?
https://www.forexfactory.com/thread/...4#post13770514
expectation for the day, see above
correlation of pairs
if USDCAD is down ---> CADJPY is up
If CADJPY is up ----> GBPUSD is up
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