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Cable Update (GBPUSD)

  • #678,121
  • Edited 2:46am Aug 25, 2022 1:20am | Edited 2:46am
Quoting eyefeelsix
{quote} consistency is the most important thing --- my waves updated : {image}
hi bro, thanks for the chart.
just curious, is wave c green allowed to cross wave 1 theoretically? well, i am not an ew expert. thanks in advance.
  • #678,122
  • Aug 25, 2022 1:21am Aug 25, 2022 1:21am
Price flying.

73 pips done already
Intraday only.
  • #678,123
  • Aug 25, 2022 1:21am Aug 25, 2022 1:21am
i hate it when the aussie reached his atr target before the rest , that can stop the bull run
but it still can go sideway while the rest keep going
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 26 KB
yes yes yes
  • #678,124
  • Aug 25, 2022 1:24am Aug 25, 2022 1:24am
Morning all! A pleasant surprise to wake up today .. the pair have woken up and are not ranging! Am still looking at the same 3 areas of resistance 11880 11930 11970

from a support level 118 11770
Insane in the Brain..
  • #678,125
  • Aug 25, 2022 1:26am Aug 25, 2022 1:26am
Quoting Reverso
{quote} Scenario materialized, price closed above daily pivot, the possible danger zone for the trade is over, confidence increased further in trade and became safe to hold till TP (if market allows).
Well, should've held on to the next day from yesterday, it would have hit TP.
Lesson learnt not to be too timid about it and just let it run all the way, I have excess winnings for the day to fall back to if it loses.
Usually my trade setups have high likelihood of eventual TP, cant complain, but it slows my growth by not stand firm on my trades.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.1%
  • #678,126
  • Aug 25, 2022 1:32am Aug 25, 2022 1:32am
Quoting Georginson
{quote} Break out is imminent... Break out Warning... 1.1567 or 1.2000 coming between tomorrow and Tuesday next week.. Clues... Above 1.1850 means 1.2000 Below 1.1850 means 1.1567 I'm selling with stop loss at current weekly high of 1.1878.
Bulls will win this if they can hold the price above 1.1850 and also break 1.1878, failure to do this will be seen as bull trap to crash and crush 1.1717 low... Patience and money management is key.
Data + Stat + Risk/Emotions Management
  • #678,127
  • Aug 25, 2022 1:35am Aug 25, 2022 1:35am
eu and aussie broke the high of Tuesday significant candle
crooky gu and dx still no
update : dx also
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 31 KB
yes yes yes
  • #678,128
  • Aug 25, 2022 1:36am Aug 25, 2022 1:36am
Quoting Georginson
{quote} Bulls will win this if they can hold the price above 1.1850 and also break 1.1878, failure to do this will be seen as bull trap to crash and crush 1.1717 low... Patience and money management is key.
Nothing major will happen before GDP data. 99% certain.
  • #678,129
  • Aug 25, 2022 1:37am Aug 25, 2022 1:37am
Bulls never win those with patience and direction do.
  • #678,130
  • Aug 25, 2022 1:38am Aug 25, 2022 1:38am
Now, this is pre London open.

LO should bring down the price by atleast 60 pips
Intraday only.
  • #678,131
  • Aug 25, 2022 1:41am Aug 25, 2022 1:41am
Quoting Moty
eu and aussie broke the high of Tuesday significant candle crooky gu and dx still no update : dx also {image}
brother you falling into the manipulation trap of the lower time frames movement.
GU bear made LL on Daily, tones of them took profit.
1h TF made HH, so why not using LTF momentum to the next decision point on HTF?
obviously it could drop more, but as you like to call it "signal" on LTF provide you a LOWER RISK airbag SL to minimize the risk.
  • #678,132
  • Aug 25, 2022 1:49am Aug 25, 2022 1:49am
Short @1.1860
SL 1.1878
Face 'ur fears & tame 'ur greed
  • #678,133
  • Aug 25, 2022 1:49am Aug 25, 2022 1:49am
Quoting Wavegarrick
{quote} So here is where I am at. We have retraced to 1.18000. My 4 hr candle close as of typing in 22 minutes. I would like to see a higher candle close to give more conviction for Bulls. Have a great day, Cheers {image}
Anyway Folks.
Yesterday price retraced deeper than I thought and I took a loss on one trade. These reversal trades never come easy. I got into some more buy trades and all is good now with all trades locked in breakeven and some. Price must do what it has to.
My weekly pivot at 1.19219 should be an immediate target.
Have a great day,
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_173.png Size: 43 KB
Trade to trade another day
  • #678,134
  • Aug 25, 2022 1:54am Aug 25, 2022 1:54am
Quoting Wavegarrick
{quote} Anyway Folks. Yesterday price retraced deeper than I thought and I took a loss on one trade. These reversal trades never come easy. I got into some more buy trades and all is good now with all trades locked in breakeven and some. Price must do what it has to. My weekly pivot at 1.9219 should be an immediate target. Have a great day, Cheers. {image}
Well said!
Green Peas Bud
Face 'ur fears & tame 'ur greed
  • #678,135
  • Aug 25, 2022 1:54am Aug 25, 2022 1:54am
Quoting navk
Now, this is pre London open. LO should bring down the price by atleast 60 pips
Any reasoning for the anticipated dump?
I would love to see it, because now price risen very near to long term pivot, i wouldn't dare to take Long only to risk it pushing back down.

I'd be more comfortable taking shorts as long as price below long term pivot. If it doesn't go down, no trade for today.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.1%
  • #678,136
  • Aug 25, 2022 1:54am Aug 25, 2022 1:54am
Tp correction to mid bb m30
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220825_135248.jpg Size: 432 KB
  • #678,137
  • Aug 25, 2022 1:56am Aug 25, 2022 1:56am
Quoting JereMi256
Short @1.1860 SL 1.1878
What's your Target? If and only if it doesn't break 1.1878, then 1.1680 may be seen today or tomorrow...
Data + Stat + Risk/Emotions Management
  • #678,138
  • Aug 25, 2022 1:58am Aug 25, 2022 1:58am
Quoting Reverso
{quote} Any reasoning for the anticipated dump? I would love to see it, because now price risen very near to long term pivot, i wouldn't dare to take Long only to risk it pushing back down. I'd be more comfortable taking shorts as long as price below long term pivot. If it doesn't go down, no trade for today.
LO usually brings 60 pips.

For that Frankfurt high/low to be marked.

I am saying retrace of what happened until LO
Intraday only.
  • #678,139
  • Aug 25, 2022 1:58am Aug 25, 2022 1:58am
Quoting Whale
{quote} brother you falling into the manipulation trap of the lower time frames movement. GU bear made LL on Daily, tones of them took profit. 1h TF made HH, so why not using LTF momentum to the next decision point on HTF? obviously it could drop more, but as you like to call it "signal" on LTF provide you a LOWER RISK airbag SL to minimize the risk.
THERE is nothing wrong with the lower tf my friend
if you trade with good and modest risk management
if gu will above 1.18780 we can look for a right shoulder
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 9 KB
Click to Enlarge Name: gu1.png Size: 13 KB
yes yes yes
  • #678,140
  • Aug 25, 2022 2:00am Aug 25, 2022 2:00am
New day - new outlook.. Market very Bullish with head and shoulders forming on 1hr. Let see if it forms. Can't get in as the moves not completed and there's not enough margin for daily movement upward. This move done in low vol Asia session. So not really sold as of yet!! Took big losses yesterday, so not getting burned again. The only real play I can see is down, but the signs are telling me Bullish. If the head and shoulders fails. Then might be a set-up!
Don't trade what you think. Just what you see!!!
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