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Cable Update (GBPUSD)

  • #665,661
  • Jun 25, 2022 10:03pm Jun 25, 2022 10:03pm
Quoting Pat Chiko
{quote} Cont/- GU Fakeouts? Sometimes, when we spot the Inside Bar we can see price breaks on the opposite side which many could see as a bearish break but i's important to remember we are at HTF Resistance. This is where we must wait for the candle to close to indicate the true intentions. {image} In this case, we may see the move above going to be a clear manipulation and the candle proceeded to break the Inside Bar Lower later. If this fake out moves successful it going to establish a new strong down trend. In the end, I would like to add that...
Mother bull and likely breaks up and even after breakout may fakeout! Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #665,662
  • Jun 26, 2022 7:25am Jun 26, 2022 7:25am
Quoting eyefeelsix
2350 is the bull's gateway to the north, if fails.. he's over
my view on medium to long term trading
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https://breakpullback.com
  • #665,663
  • Jun 26, 2022 9:13am Jun 26, 2022 9:13am
Quoting eyefeelsix
{quote} my view on medium to long term trading {image}
IMHO, South need to be retested before the expedition north.
  • #665,664
  • Jun 26, 2022 9:20am Jun 26, 2022 9:20am
Quoting Traderview
{quote} IMHO, South need to be retested before the expedition north.
Concur...if it pans out, it will push me to 1700%...
You can reach me on Telegram @ KramerFx
  • #665,665
  • Jun 26, 2022 9:40am Jun 26, 2022 9:40am
Quoting Wavegarrick
{quote} Hi Guys, And so I hope we have a weekly close above 1.22500 something new, and also where my future weekly future pivot lies (Magenta Line). Nothing is guaranteed with scrambled signals and a glimmer of hope for bulls. Have a great weekend. Cheers. {image}
Hi Guys,
And so we have a weekly close above 1.22500 at 1.22731 ish. We also have a weekly higher candle open. Seeing we have been in such a tight range it means little, to say the least unless we have a big breakout. My future weekly pivot at 1.22520 (green highlight) could be my next point of interest to add buy trades on a bounce upwards. A 4hr close below last weeks pivot at 1.21829 would surely be defining for bears. I would be happy to go with a break above 1.24000 with a few days to go to month end.
In summary I see too many supports and the downside becomes less attractive especially if we start looking at the weekly and monthly charts. Again we never know in this game.
Have a great week
Cheers.
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Trade to trade another day
  • #665,666
  • Jun 26, 2022 9:53am Jun 26, 2022 9:53am
Quoting eyefeelsix
{quote} my view on medium to long term trading {image}
Same count same view
  • #665,667
  • Jun 26, 2022 10:06am Jun 26, 2022 10:06am
Quoting KramerFx
{quote} IMO, Cable is definitely heading down. 1.21 will be on the cards next week.
Thanks Bro.

That's the way we are heading as Titanic last episode happens....

It goes like this......
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #665,668
  • Jun 26, 2022 10:45am Jun 26, 2022 10:45am
Quoting Pat Chiko
{quote} Thanks Bro. That's the way we are heading as Titanic last episode happens.... It goes like this...... {image}
you have a great sense of humor lol
https://breakpullback.com
  • #665,669
  • Jun 26, 2022 10:59am Jun 26, 2022 10:59am
Quoting genadi
{quote} would you pay 17 EUR for a taco ?
for this one I would! Why, you paid 17EUR for a taco, if so where? miam !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,670
  • Jun 26, 2022 11:08am Jun 26, 2022 11:08am
Quoting mtako
{quote} The one I was waiting for! unreachable 2284 since the big 50ppips 15min that added a couple hours to my day, finally reached,,,, 2284 nice average to stay below. 2nd attempt has most chances to do it when first attempt just barely touches it!
very nice to have closed below it. Now, even though I closed all my remaining shorts at 2274, It would be nice if closings stayed <2280 for some bear momentum to grow from here, since 2250s needs to be broken straight through to keep all those hidden divergences pertinent, to show that they are in for business.

Have a great week everyone !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,671
  • Jun 26, 2022 11:41am Jun 26, 2022 11:41am
Quoting eyefeelsix
{quote} you have a great sense of humor lol
In forex trading .
If you can identify the amount of dangers per set up and amount of profits per set up
You will only to be patient to wait your set up .
No need validation from other people to criticize your set up that you have reviewed & recorded its performance .


As you're aware by now, there is a great discussion among super smart guys in this thread,
who seem to disagree about everything.....

Which explains
Why markets need different opinions to function
Why it is impossible to make accurate forecasts with any degree of certainty
Why the game of trading can be so much fun

Please enjoy your stay here and do post your trade ideas.

Thank You

Pat CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #665,672
  • Jun 26, 2022 11:49am Jun 26, 2022 11:49am
Quoting eyefeelsix
{quote} you have a great sense of humor lol
It is actually important to have a sense of humor to do well in this industry.
You can reach me on Telegram @ KramerFx
  • #665,673
  • Jun 26, 2022 11:58am Jun 26, 2022 11:58am
Quoting Pat Chiko
{quote} In forex trading . If you can identify the amount of dangers per set up and amount of profits per set up You will only to be patient to wait your set up . No need validation from other people to criticize your set up that you have reviewed & recorded its performance . As you're aware by now, there is a great discussion among super smart guys in this thread, who seem to disagree about everything..... Which explains Why markets need different...
I find all these to be such important points, and they constitute but the tiny tip of the iceberg!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,674
  • Jun 26, 2022 11:58am Jun 26, 2022 11:58am
Quoting Pat Chiko
{quote} In forex trading . If you can identify the amount of dangers per set up and amount of profits per set up You will only to be patient to wait your set up . No need validation from other people to criticize your set up that you have reviewed & recorded its performance . As you're aware by now, there is a great discussion among super smart guys in this thread, who seem to disagree about everything..... Which explains Why markets need different opinions to function Why it is impossible to make...
"As you're aware by now, there is a great discussion among super smart guys in this thread, who seem to disagree about everything....."
I have noticed a harmonious flow in this thread of late. Super smart guys are welcome to share their views or is it just Pat disagreeing.
Trade to trade another day
  • #665,675
  • Jun 26, 2022 12:55pm Jun 26, 2022 12:55pm
Pat I get resistance at 1.231600. Then determine how price reacts up or down
  • #665,676
  • Jun 26, 2022 1:13pm Jun 26, 2022 1:13pm
Quoting pat chiko
{quote} in forex trading . If you can identify the amount of dangers per set up and amount of profits per set up you will only to be patient to wait your set up . No need validation from other people to criticize your set up that you have reviewed & recorded its performance . As you're aware by now, there is a great discussion among super smart guys in this thread, who seem to disagree about everything..... Which explains Why markets need different opinions to function Why it is impossible to make...
hi pat : 100% agreed
simply we need each other because for every buyer we need a seller and vice varsa
enjoy every body and pay your attention only on your chart to eliminate the noise .....
Have a green week all in advance and keep safe.
  • #665,677
  • Jun 26, 2022 1:21pm Jun 26, 2022 1:21pm
Trend remains downward in my view
  • #665,678
  • Jun 26, 2022 1:26pm Jun 26, 2022 1:26pm
HOLDING SHORT ON GU
AND GO SHORT ON BTC
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  • #665,679
  • Jun 26, 2022 1:32pm Jun 26, 2022 1:32pm
Quoting Houtbay
Trend remains downward in my view
Mine too, and for my longer-term holdings, my farthest buy stop and short closing being at 2485. It is rare, but I wouldnt be surprised if we'd get another week of stillness, the one prior was of almost 500pips and a strongly new low rejection at that... Who knows, waiting for more movement, more info, to react to
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,680
  • Jun 26, 2022 3:07pm Jun 26, 2022 3:07pm
Daily closed higher, weekly has to close above 124 to make weekly HH.
Daily pennant was broken and re-tested.
Short term tf posibly will return to support according to Stochs and BB, and bounce back for another attempt to take resistance 123/124.

Good pips to all for grabs.
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