Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #658,181
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May 5, 2022 3:19pm May 5, 2022 3:19pm

fontu
Joined Mar 2008 | Status: Name real with real own way | 18,531 Posts

Quoting Whale

Disliked

{quote} @fontu thanks for the chart, very helpful. are you using fibonacci expansion (projection) for your waves measuring?

Ignored

Though most perfect but not using most times. Using pattern, Elliot wave and support resistances etc anything seems perfect, no hard and fast rules following. Such as.. Take care

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Not understand?never follow my analyses!

Post #658,182
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May 5, 2022 3:24pm May 5, 2022 3:24pm

Bainbrito
Joined Apr 2021 | Status: Member | 356 Posts

I was wrong yesterday, I did not pay enough attention to the lack of volume in what I labelled as tests, these were actually signs of weakness, the low volume suggesting an absence of interested buyers. After the failed bullish breakout (UTAD) it looks like what I thought was an accumulation event was actually an incomplete redistribution event. Now in phase E - which means a failed retest of the lower structure should confirm another bearish trend. We'll see. Trade safe everyone!

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Post #658,183
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May 5, 2022 3:34pm May 5, 2022 3:34pm

fontu
Joined Mar 2008 | Status: Name real with real own way | 18,531 Posts

Quoting elbert3

Disliked

{quote} It’s trying . We have on the 1 hour an inverted hammer . But it’s not respecting anything at this time

Ignored

Due very fast movement, Last leg down remain difficult to read even in m1 chart. So some doubt intact. Still pa can be like this for next leg down! Let's see what next!

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Not understand?never follow my analyses!

Post #658,184
Quote
May 5, 2022 3:40pm May 5, 2022 3:40pm

elbert3
Joined Dec 2013 | Status: Member | 19,215 Posts

Quoting fontu

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{quote} Due very fast movement, Last leg down remain difficult to read even in m1 chart. So some doubt intact. Still pa can be like this for next leg down! Let's see what next! {image}

Ignored

looks like i am in look to 38% fib on this one 2418

Post #658,185
Quote
May 5, 2022 4:00pm May 5, 2022 4:00pm

Moty
Joined Dec 2017 | Status: Member | 21,620 Posts | Online Now

Quoting Moty

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another deposit gone with the wind tomorrow i will take long again because dx will not pass 103.805{image}{image}

Ignored

dx already at 103.500
gu will close this week above 1.23808

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Post #658,186
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May 5, 2022 4:03pm May 5, 2022 4:03pm

fontu
Joined Mar 2008 | Status: Name real with real own way | 18,531 Posts

Quoting elbert3

Disliked

{quote} looks like i am in look to 38% fib on this one 2418

Ignored

If got good support and normal pa, bounce can be over the the leg started extension 2447! Otherwise 2412 top should hold! Again 2408 may act as limit too!

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Post #658,187
Quote
May 5, 2022 4:14pm May 5, 2022 4:14pm

elbert3
Joined Dec 2013 | Status: Member | 19,215 Posts

Quoting fontu

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{quote} If got good support and normal pa, bounce can be over the the leg started extension 2447! Otherwise 2412 top should hold! Again 2408 may act as limit too! {image}

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came off the old tl Nicely let’s just roll with it

good job Fontu . We need to start our own currency office

Regards E

Post #658,188
Quote
May 5, 2022 4:30pm May 5, 2022 4:30pm

elbert3
Joined Dec 2013 | Status: Member | 19,215 Posts

Quoting fontu

Disliked

{quote} If got good support and normal pa, bounce can be over the the leg started extension 2447! Otherwise 2412 top should hold! Again 2408 may act as limit too! {image}

Ignored

Trying to roll over ema already on the 5 min not even at 23% yet might hedge back in short . Spot and long order on at 2367

Post #658,189
Quote
May 5, 2022 4:46pm May 5, 2022 4:46pm

fxmasterdxb
Joined May 2012 | Status: Senior Member | 2,398 Posts

Quoting fxmasterdxb

Disliked

{quote} Agree with you, next potential stop for GU is 1.2205 to 1.2150

Ignored

I have been doing some further analysis, gu could drop tomorrow to 1.2050

I have multiple confluences on this level, hence no more trading gu tomorrow until nfp unless price gets to 1.2050 where i will be buying aggressively

Post #658,190
Quote
May 5, 2022 4:59pm May 5, 2022 4:59pm

Mitiblotch
Joined Sep 2017 | Status: Member | 7,262 Posts | Online Now

Quoting fxmasterdxb

Disliked

{quote} I have been doing some further analysis, gu could drop tomorrow to 1.2050 I have multiple confluences on this level, hence no more trading gu tomorrow until nfp unless price gets to 1.2050 where i will be buying aggressively

Ignored

Which means you are planning another 300 pip drop tomorrow?

https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692

Post #658,191
Quote
May 5, 2022 5:11pm May 5, 2022 5:11pm

elbert3
Joined Dec 2013 | Status: Member | 19,215 Posts

Quoting elbert3

Disliked

Morning anybody see 2240 ish 2045

Ignored

As above is it still on ??

Post #658,192
Quote
May 5, 2022 5:15pm May 5, 2022 5:15pm

fxmasterdxb
Joined May 2012 | Status: Senior Member | 2,398 Posts

Quoting Mitiblotch

Disliked

{quote} Which means you are planning another 300 pip drop tomorrow?

Ignored

Hahaha i wish if i can plan the pa movement, i would be a billioner now

Well im saying there’s a chance of 300 pips drop though im not selling, will be watching only
I have the following levels to monitor tomorrow:
1.2270, 1.2205, 1.2160 & 1.2050

Post #658,193
Quote
May 5, 2022 5:16pm May 5, 2022 5:16pm

elbert3
Joined Dec 2013 | Status: Member | 19,215 Posts

Anybodys spread just jump up more than normal at this time of night ??

Post #658,194
Quote
May 5, 2022 5:17pm May 5, 2022 5:17pm

fxmasterdxb
Joined May 2012 | Status: Senior Member | 2,398 Posts

Quoting elbert3

Disliked

{quote} As above is it still on ??

Ignored

I just mentioned 1.2050 in my previous post, would be awesome if pa touches this zone and reverses hard

Post #658,195
Quote
May 5, 2022 6:24pm May 5, 2022 6:24pm

elbert3
Joined Dec 2013 | Status: Member | 19,215 Posts

Quoting fxmasterdxb

Disliked

{quote} I just mentioned 1.2050 in my previous post, would be awesome if pa touches this zone and reverses hard

Ignored

Yes I posted it last week . At this time out of most trades for some reason I am unsure tec is short as I posted to Fontu … let’s just go with it for now . Regards E over night trades on the posted numbers .. good night

Post #658,196
Quote
May 5, 2022 8:11pm May 5, 2022 8:11pm

navk
Joined Oct 2010 | Status: Trader | 15,494 Posts

to me, long first, above 2350.

my stop 2350.

Intraday only.

Post #658,197
Quote
May 5, 2022 8:12pm May 5, 2022 8:12pm

ninner
Joined Jul 2013 | Status: Member | 1,055 Posts

jUST Got a signal to short

Post #658,198
Quote
Edited May 6, 2022 8:05pm May 5, 2022 9:40pm | Edited May 6, 2022 8:05pm

apin85
| Joined Dec 2019 | Status: Member | 101 Posts

- end -

Post #658,199
Quote
May 5, 2022 9:47pm May 5, 2022 9:47pm

ninner
Joined Jul 2013 | Status: Member | 1,055 Posts

Quoting apin85

Disliked

There are only 3 items one should learn in trading: 1. Support and Resistance, 2. Trendline, 3. Structure / TimeFrame. If one deviates from that, potentially will take longer route to understand the market. Support and Resistance without trendline is nothing, because one may think it will act as support but it actually against the trend and voila, ..., broken [hearted]. Huahuahua SnR and trendline alone is not enough, because many movements cannot be explained. See this in GU yesterday for H1, seems to people there are upward movement built {image}...

Ignored

Short is working great....broke that tl like a champ.