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Cable Update (GBPUSD)

  • #682,541
  • Sep 11, 2022 8:00am Sep 11, 2022 8:00am
Quoting eyefeelsix
{quote} ya ya ya I was wrong, I shouldn't have said that one I corrected with a "probability of more than 90% the price will not return to 1.1400 rest of september or maybe this year oops " --- thanks for reminding ---
Yes. Agreed.
Intraday only.
  • #682,542
  • Sep 11, 2022 8:00am Sep 11, 2022 8:00am
Quoting navk
I was sick and hospitalized. Just came back It is possible the price can tset highs of Friday . Not sure will break or not Above 3550.
Dear..above 3550??
  • #682,543
  • Sep 11, 2022 8:00am Sep 11, 2022 8:00am
Quoting eyefeelsix
{quote} ya ya ya I was wrong, I shouldn't have said that one I corrected with a "probability of more than 90% the price will not return to 1.1400 rest of september or maybe this year oops " --- thanks for reminding ---


=according to Q theory if 1.15 fail to send Gu down price should return back to the LQP 1.17 area but how will this happen depend on the low of coming week

from 1.17 i will expect october to be bearish toward 1.12 and 1.10

my opinion is i will be looking for 2022 low at sept/oct


dont forget that we may been atleast 1.10 or 1.15 to end this 2022 bearish move since that are also major RN
MY OPINION NOT FINANCIAL ADVISE
  • #682,544
  • Sep 11, 2022 8:01am Sep 11, 2022 8:01am
Quoting navk
I was sick and hospitalized. Just came back It is possible the price can tset highs of Friday . Not sure will break or not Above 3550.

wish you well and speedy recovery
MY OPINION NOT FINANCIAL ADVISE
  • #682,545
  • Sep 11, 2022 8:03am Sep 11, 2022 8:03am
Quoting Georginson
{quote} I wish you swift recovery Navk... 3550? Are you talking about GU?
Error corrected.
Thanks
Intraday only.
  • #682,546
  • Sep 11, 2022 8:09am Sep 11, 2022 8:09am
Quoting Georginson
{quote} Hello Mate, I do remember clearly when you said you don't expect price to break down 1.17 and it broke it down with relative ease. So keep an open mind in this market and nothing will surprise you. Good luck to us all. {quote} One of the Hallmark of a great trader is looking into past trades to know what went wrong and learn from it instead of blaming the market. Good job you are doing.
yes Georg, like driving when traveling for analogy, sometimes the map or gps doesn't always match with the way we see, As long as there are brakes, gas and airbag in our car, we are safe.
https://breakpullback.com
  • #682,547
  • Sep 11, 2022 8:12am Sep 11, 2022 8:12am
Quoting navk
I was sick and hospitalized. Just came back It is possible the price can tset highs of Friday . Not sure will break or not Above 1550.
you are too tired, get enough rest and get well soon navk
https://breakpullback.com
  • #682,548
  • Sep 11, 2022 8:16am Sep 11, 2022 8:16am
DXY still working as projected

expect to see a bounce of 108.75 but my overall view is a test of 107.50
Attached Image(s) (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #682,549
  • Sep 11, 2022 8:28am Sep 11, 2022 8:28am
Quoting navk
I was sick and hospitalized. Just came back It is possible the price can tset highs of Friday . Not sure will break or not Above 1550.
very possible
MY OPINION NOT FINANCIAL ADVISE
  • #682,550
  • Sep 11, 2022 8:35am Sep 11, 2022 8:35am
Quoting donfriday
{quote} =according to Q theory if 1.15 fail to send Gu down price should return back to the LQP 1.17 area but how will this happen depend on the low of coming week from 1.17 i will expect october to be bearish toward 1.12 and 1.10 my opinion is i will be looking for 2022 low at sept/oct dont forget that we may been atleast 1.10 or 1.15 to end this 2022 bearish move since that are also major RN
if quarter theory is your benchmark I will correct it, Large Quarter Points or LQP is 250p range in forex market right on RN 1.1750 not RN 1.1700

1.1700 is the Whole Number ( WN ) that will fail LQP, that means there is a possibility the peak of wave4 ( iv ) on my chart is there ( RN 1.1700 )
that's why I said on yesterday RN 1.1700 is the key bear level to throw back the bull to the south.

--- because of my language limitation, hope you don't fail to understand.
https://breakpullback.com
  • #682,551
  • Sep 11, 2022 8:48am Sep 11, 2022 8:48am
Quoting navk
I was sick and hospitalized. Just came back It is possible the price can tset highs of Friday . Not sure will break or not Above 1550.
I Hope you're feeling better, stay safe
better be not enough salt than too much salt
  • #682,552
  • Sep 11, 2022 8:52am Sep 11, 2022 8:52am
Quoting eyefeelsix
{quote} if quarter theory is your benchmark I will correct it, Large Quarter Points or LQP is 250p range in forex market right on RN 1.1750 not RN 1.1700 1.1700 is the Whole Number ( WN ) that will fail LQP, that means there is a possibility the peak of wave4 ( iv ) on my chart is there ( RN 1.1700 ) that's why I said on yesterday RN 1.1700 is the key bear level to throw back the bull to the south. --- because of my language limitation, hope you don't fail to understand.

its very true u do..


my chart shows LQP at 1.1750 not RN
MY OPINION NOT FINANCIAL ADVISE
  • #682,553
  • Sep 11, 2022 8:53am Sep 11, 2022 8:53am
Quoting Georginson
{quote} One of these two prices must be seen this week 1.1357 or 1.1695 ✓Above 1.1530 points at 1.1695 ✓Below 1.1530 points at 1.1357
My eyes are on 1.1759
better be not enough salt than too much salt
  • #682,554
  • Sep 11, 2022 9:19am Sep 11, 2022 9:19am
Quoting bzzz
{quote} My eyes are on 1.1759
The above I stated are minimum possible high and minimum possible low.
Data + Stat + Risk/Emotions Management
  • #682,555
  • Sep 11, 2022 9:24am Sep 11, 2022 9:24am
Quoting OAPDave
I am thinking What creates the most difficulty in our trading Our choice of Indicator/ Indicators ? Or our choice of Timeframes we chose to trade ? or In some case both {image} {image}
Great food for thought.....I tend to make mistakes when I focus only on the higher timeframe, but when I use the 1 min for the entry in coordination with the higher time frame, my win rate improves drastically.
  • #682,556
  • Sep 11, 2022 9:30am Sep 11, 2022 9:30am
Before London open...it’s possible to go 1500(probability) again....hope for best...i shorted near 1555..under water.
  • #682,557
  • Edited 1:22pm Sep 11, 2022 11:09am | Edited 1:22pm
Coming week Her Majesty's funeral preparation is planned, funeral will be held on Mon 19th.
UK Bank Holiday is also announced on the day.
Due to sympathy and respect sterling should strenghten.

Attached Image (click to enlarge)
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  • #682,558
  • Sep 11, 2022 1:02pm Sep 11, 2022 1:02pm
Some good sl areas
Attached Image (click to enlarge)
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  • #682,559
  • Sep 11, 2022 1:37pm Sep 11, 2022 1:37pm
Quoting Black-Star
{quote} In my previous post I mentioned a scenario of how Cable may rally after finding support around 1.1800 and so far it's playing out accordingly. This may be the final leg (Wave C, Lime Green) of the correction phase (Wave 4, Orange). I am anticipating more upside in the coming week or so and Cable may find resistance around 1.2170 area, an area where I think Wave C (Lime Green) may terminate. From there if the 1.2170 area holds as resistance, Cable may start trending to the down side towards the 1.1500 area but for now my focus will be trading...
To be honest, I thought Cable would've finished its downtrend around the 1.1500 zone but it seems like bears have an Ace up their sleeve but I doubt the bears will use it just yet. Before the downtrend resumes I think a relief rally to 1.1850 by the bulls may play out first which is also 50 percent retracement of wave 3
(lime green).

I could be wrong, let's see how the market plays out.
Good Luck everyone.

Charts: D1 and H4
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2022-09-11 GBPUSD H4.png Size: 55 KB
Click to Enlarge Name: 2022-09-11 GBPUSD H4 Close up.png Size: 43 KB
  • #682,560
  • Sep 11, 2022 1:39pm Sep 11, 2022 1:39pm
if i havent done any mistakes on friday this would have been a nice trade for me ....its okay , mistakes made me to learn this , if i didnt committed mistake on friday i would have been following the same wrong stuff

first pic: after reviewing ,got to know about these levels , while back testing
second pic : the wrong thing , where i was only dependent on one line of support/resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_2022-09-12_00-04-44_e673c.png Size: 64 KB
Click to Enlarge Name: AUDUSD_2022-09-08_01-28-58_cdf92.png Size: 58 KB
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