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Cable Update (GBPUSD)

  • #677,221
  • Aug 20, 2022 10:20am Aug 20, 2022 10:20am
Quoting Coreg2004
{quote} navk, you definitely missed my numerous post where I stated my reason for being here. Allow me to repeat myself for the sake of clarity the last time. I'm not here to provide trading signals, I'm here to interact with people who trade using TA. Yes, I'm surprised that you complain about my style of posting because some time ago you told us that you didn't have a losing trade in two years (why would you want a trading signal?). Besides, you have your guru guy Greg from forexville who provides you with the information you need to enter the...
Coreg,
Your posts are educational and informative from all perspectives and you have taught me a lot. I particularly look at your higher time frame perspectives.
Thanks for this.
Cheers.
Trade to trade another day
  • #677,222
  • Edited 1:04pm Aug 20, 2022 11:49am | Edited 1:04pm
Quoting Coreg2004
{quote} navk, you definitely missed my numerous post where I stated my reason for being here. Allow me to repeat myself for the sake of clarity the last time. I'm not here to provide trading signals, I'm here to interact with people who trade using TA. Yes, I'm surprised that you complain about my style of posting because some time ago you told us that you didn't have a losing trade in two years (why would you want a trading signal?). Besides, you have your guru guy Greg from forexville who provides you with the information you need to enter the...
oh, Well,

You missed to read my explanation correctly and completely. Totally misunderstood.

Only point no. 1 is stated for you. Rest ( point no. 2 to 4 ) for others. I did not want to mention to whom point no 2 to 4 pertaining to. If i do that That will be rediculous.

You only provide charts. You state levels in the charts. No trading signals. Not necessary. Not good either.

That is why I was surprised to see your explanation now. I do not complain that you do not provide signals. My good ness. Neither I want trading signals.

IMO, success is based on 40 % TA + 60 % Risk management. After becoming funded trader, I concentrate more on Risk management. When i traded with my own funds, I used to try lots and lots of TA methods.

There are few here show the trades in charts but never do a follow up post if their stop hit. If TP hits it is shown.

Any ways, this is public forum and people can post what they wish.

Wish you the best always.
Intraday only.
  • #677,223
  • Aug 20, 2022 11:53am Aug 20, 2022 11:53am
Counting waves with a very simple look
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There is nothing wrong with being kind & loving to each other
  • #677,224
  • Aug 20, 2022 12:12pm Aug 20, 2022 12:12pm
I really hope nobody is thinking of buying GU for huge pips. I see a very good dump coming. I made a rookie error trying scalp a buy and sell higher but the movers made sure never to give a good entry. But there was no buy.

I have put my fibs. No buys. I'll wait if it spikes to a good area I'll short it. AndnI am not even waiting for high areas. Little retracment with a sell signal and I'll take it.
  • #677,225
  • Aug 20, 2022 1:46pm Aug 20, 2022 1:46pm
Quoting Mitiblotch
I really hope nobody is thinking of buying GU for huge pips. I see a very good dump coming. I made a rookie error trying scalp a buy and sell higher but the movers made sure never to give a good entry. But there was no buy. I have put my fibs. No buys. I'll wait if it spikes to a good area I'll short it. AndnI am not even waiting for high areas. Little retracment with a sell signal and I'll take it.

Soon i am buying for 1k pips bro

i follow my chart

P.S i am not making a trade call kindly do not follow
MY OPINION NOT FINANCIAL ADVISE
  • #677,226
  • Aug 20, 2022 1:53pm Aug 20, 2022 1:53pm
Quoting Mitiblotch
I really hope nobody is thinking of buying GU for huge pips. I see a very good dump coming. I made a rookie error trying scalp a buy and sell higher but the movers made sure never to give a good entry. But there was no buy. I have put my fibs. No buys. I'll wait if it spikes to a good area I'll short it. AndnI am not even waiting for high areas. Little retracment with a sell signal and I'll take it.
Up 250 pips next week the way I see it.
  • #677,227
  • Aug 20, 2022 2:05pm Aug 20, 2022 2:05pm
Quoting donfriday
i dont know but i read DXy on my chart to 1100 before it crash just my view RSI is dropping too fast than the prio swing higher lows as such will create hidden bullish divergence. {image}

we're almost at 1100

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MY OPINION NOT FINANCIAL ADVISE
  • #677,228
  • Aug 20, 2022 2:10pm Aug 20, 2022 2:10pm
Gbpusd last stop 1.1675 and back to green green
Usdcad last stop 1.3150 and back to red red
Usdjpy lsdt stop 138.20 and back red red
this is my own analysis, just sharing, last week of Aug, trend changer week,
  • #677,229
  • Aug 20, 2022 2:25pm Aug 20, 2022 2:25pm
Quoting Mitiblotch
I really hope nobody is thinking of buying GU for huge pips. I see a very good dump coming. I made a rookie error trying scalp a buy and sell higher but the movers made sure never to give a good entry. But there was no buy. I have put my fibs. No buys. I'll wait if it spikes to a good area I'll short it. AndnI am not even waiting for high areas. Little retracment with a sell signal and I'll take it.
I will have to close all my buy transactions in negative, this can get more ugly, imagine the weekly dropped by 356 pips with just 30 pips lower shadow... 1.1576 - 1.1667 area is now badly exposed.
Data + Stat + Risk/Emotions Management
  • #677,230
  • Aug 20, 2022 2:51pm Aug 20, 2022 2:51pm
I often find that gold and Gbpusd move in tandem. Both tend to be in a downward trend currently.
  • #677,231
  • Aug 20, 2022 4:37pm Aug 20, 2022 4:37pm
Quoting Pat Chiko
{quote} Hey Waveskie.. Mentioning food prior post. Must be a luck place to live in Salcombe as children eat free.... Wow. I would sent my children to eat there everyday for free........ or is this fake/scam ? {image}
They have to do the dishes!
Don't trade what you think. Just what you see!!!
  • #677,232
  • Aug 20, 2022 5:38pm Aug 20, 2022 5:38pm
  •  anthon25
  • Joined Jan 2015 | Status: Empire aint built just in one day | 609 Posts | Online Now
Quoting Georginson
{quote} I will have to close all my buy transactions in negative, this can get more ugly, imagine the weekly dropped by 356 pips with just 30 pips lower shadow... 1.1576 - 1.1667 area is now badly exposed.
Think thats was good idea bro...
I am completely a lazy Trader & Pennies Rebate Hunter
  • #677,233
  • Edited 6:59pm Aug 20, 2022 6:02pm | Edited 6:59pm
  •  anthon25
  • Joined Jan 2015 | Status: Empire aint built just in one day | 609 Posts | Online Now
Quoting anthon25
{quote} I think I saw correction 1.205 I am deleting Long in profit. and take reverse on Short. as Phily predicted good for usd. in next an hour (13.00 GMT/17.00 Jakarta) i think GU will be backt to the bottom
Fundamentally this week, I saw GBP will continue to drop, but still Sterling has chance to make a correction on 23 (PMI; Expansion/Contraction) and 25 august.
in my opinion, this downtrend not because the Hike of FED. Its strong but not strong enought.
This downtrend (more) becaused of Gazprom will stop to send gas about 3 days at the end of this month. which has made Gas price higher 5% and inflation will be 10%?

at Jackson Hole Powels Key Note on Friday I think GBPUSD will goes up, his speech will likely fall short of expectation.

I hope this week GBPUSD will be traded 1.177 - 1.210

I still hold long position and placed (small) short with thight target
I am completely a lazy Trader & Pennies Rebate Hunter
  • #677,234
  • Aug 20, 2022 9:49pm Aug 20, 2022 9:49pm
I suspect a pull back early Monday until US session, failing that, an extra tap at a new low should confirm one.
I can't really see a pullback being anything more than shortlived though
if price pulls up past 1.1927 we're going to range for a bit otherwise it's another level of drop.
  • #677,235
  • Aug 20, 2022 10:11pm Aug 20, 2022 10:11pm
Quoting Coreg2004
{quote} navk, you definitely missed my numerous post where I stated my reason for being here. Allow me to repeat myself for the sake of clarity the last time. I'm not here to provide trading signals, I'm here to interact with people who trade using TA. Yes, I'm surprised that you complain about my style of posting because some time ago you told us that you didn't have a losing trade in two years (why would you want a trading signal?). Besides, you have your guru guy Greg from forexville who provides you with the information you need to enter the...
EWHP is an advanced trading level, those who don't understand will find it complicated, hope you can forgive anyone who wants to learn to understand it, because you are the right person.

Don't take it too seriously senior, I believe most of here are children with lack of knowledge

--- have a nice sunday
https://breakpullback.com
  • #677,236
  • Edited 10:49pm Aug 20, 2022 10:30pm | Edited 10:49pm
Quoting eyefeelsix
{quote} EWHP is an advanced trading level, those who don't understand will find it complicated, hope you can forgive anyone who wants to learn to understand it, because you are the right person. Don't take it too seriously senior, I believe most of here are children with lack of knowledge --- have a nice sunday
TA 40 % + Risk management 60 %.

At the end, what one makes is important personally.

But, there are numerous methods by which People make money out.

Your comment on me is un necessary.

And I clarified to Coreg about his mis understanding.

And I am the one not to act childish, I am here in this forum for many years and I am much mush senior to you in this forum.
Have come across many guys like you. They are not in this forum any more.

If you know some Very beautiful EW method by which you make millions, be humble. Being humble make your personality.

And many years, i do not "dislike" a post, neither leave the "Buddy" status, neither put some in "Ignore".

Hope you stop making un necessary comment on me henceforth. Never leave matured status at any point of time.
Intraday only.
  • #677,237
  • Aug 20, 2022 10:54pm Aug 20, 2022 10:54pm
Quoting navk
{quote} TA 40 % + Risk management 60 %. At the end, what one makes is important personally. But, there are numerous methods by which People make money out. Your comment on me is un necessary. And I clarified to Coreg about his mis understanding. And I am the one not to act childish, I am here in this forum for many years and I am much mush senior to you in this forum. Have come across many guys like you. They are not in this forum in any more. If you know some Very beautiful EW method by which you make millions, be humble. Being humble make your...
calm down senior, I'm not the type of person who throws bullets in all directions, if it's aimed to you then I will reply to your post directly.

I'm just saying.. I believe most of people here are children and those who are learning, if it's not a fact? give me the facts
https://breakpullback.com
  • #677,238
  • Aug 20, 2022 11:00pm Aug 20, 2022 11:00pm
Quoting eyefeelsix
{quote} calm down senior, I'm not the type of person who throws bullets in all directions, if it's aimed to you then I will reply to your post directly. I'm just saying.. I believe most of people here are children and those who are learning, if it's not a fact? give me the facts
The education level in forex varies from people to people.

Over a period of time, anybody will find out a method which works for them.

However, until such time if they survive by following proper risk management.
Intraday only.
  • #677,239
  • Aug 20, 2022 11:53pm Aug 20, 2022 11:53pm
Quoting navk
{quote} The education level in forex varies from people to people. Over a period of time, anybody will find out a method which works for them. However, until such time if they survive by following proper risk management.
navk, I'm still new here, but I can already see the personality of each member here :

( in my view ) for those who want to learn :

  1. Market mapping --- Correg2004
  2. Market driving --- Patchiko
  3. Risk management --- navk ( you of course )
  4. Patience --- Wavegarrick
  5. Smart decision --- Georginson

the five elements above are very important on trading the market and cannot be separated from each other, and see what happens if they ( learner ) can mastering all of that? this thread is a right place to learn and fun ( to me )
no need to steal ideas secretly, argue, show off and so on.. I'm sure they ( the person I mentioned above ) are kind people here will answer it for us
However, I believe most of them ( learner ) will ignore this post, nevermind


have a nice weekend

eyefeelsix --- be read ( I feel sick ) lol

C-Ya!

https://breakpullback.com
  • #677,240
  • Edited 3:10am Aug 21, 2022 1:16am | Edited 3:10am
readying for next open and so try see what may next possible before the jump! a good correction was due but bear looks very strong to allow it , again ok bear win then bull must comes up to safe for next bear , no unlimited joy for any! .
the last limit as previous low 1760 still intact , looks no hold though but if fail then 1743 , a fakeout may come forwards , even next support 1660 while limit up/ signals bull 2003/2007 in situ. signal up next be 1857 and 1894 . with signals and limits done bull target easily go to 2293+ to 2406 and 2660 +.
so if consider a 3/4 monthly candle it should looks like march 2020 one test previous low 1409 and break for good bear target 1270. hope not hold though and great disaster likely come next year with retest and break. so first to first , ranges 1760/43 to 2003 and extreme 1660 to 2003 !!take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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