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Cable Update (GBPUSD)

  • #698,161
  • Oct 19, 2022 8:24am Oct 19, 2022 8:24am
Quoting redcat3003
{quote} {image}
running well
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RedcaT 3003
25k Return This Week: na
  • #698,162
  • Oct 19, 2022 8:25am Oct 19, 2022 8:25am
Quoting Coreg2004
{quote} RaHaG0D, if you knew how long I studied EW, and how many charts I marked with them to get to this level, you would call me slow. You will get there with your method of TA. RaHaG0D, take a wild guess who influenced me to start to use again Andrew's pitchfork on the other instruments I trade? ...Thank you.
Progress and learning always happen slowly. Slow but steady The important thing is that you never gave up and you didn't constantly change your work method and system like others, but you tried & improved your skills. This is a sign of successful people. They step firmly in everything they do
I have to do my best like you
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There is nothing wrong with being kind & loving to each other
  • #698,163
  • Oct 19, 2022 8:27am Oct 19, 2022 8:27am
Quoting Pat Chiko
{quote} GU Minor pullback Final stop next. Any comment and view welcome.{image}
I LIKE it; However I'm expecting it to get back up to 1.1270-80'ish area.

I just need to add this to the mix..hopefully it works on Monty's inverted earlier post.

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Come on rise to the occassion!
...because you never know - until you do!
  • #698,164
  • Oct 19, 2022 8:30am Oct 19, 2022 8:30am
ready for Sell
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RedcaT 3003
25k Return This Week: na
  • #698,165
  • Oct 19, 2022 8:30am Oct 19, 2022 8:30am
Quoting Pat Chiko
{quote} GU Minor pullback Final stop next. Any comment and view welcome.{image}

GU.
This pull back going to be higher, as the need to dive deeper,
Waiting for N3
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #698,166
  • Oct 19, 2022 8:31am Oct 19, 2022 8:31am
Quoting Pat Chiko
{quote} GU Minor pullback Final stop next. Any comment and view welcome.{image}
Come on. Bull party not over yet
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #698,167
  • Oct 19, 2022 8:32am Oct 19, 2022 8:32am
Quoting Coreg2004
{quote} WT, nope, RaHaG0D did it. I saw her charts about 2 weeks ago and started to use Andrew's pitchfork on the daily charts. {image}
I'm happy You are a master & you used it better than me
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There is nothing wrong with being kind & loving to each other
  • #698,168
  • Oct 19, 2022 8:32am Oct 19, 2022 8:32am
Quoting kuroro001
Worthing a long 11132 a break above 11138/40 could bring it back to 11170 EDIT : meant 1,12 for everything
Took +30 on this bounce
COT: The precious data ignored
  • #698,169
  • Oct 19, 2022 8:34am Oct 19, 2022 8:34am
Quoting RaHaG0D
{quote} Close half of the trade volume (TP-1) & leave the rest for TP-2 {image} {image}
In case you didn't realize it, the swings you mark with the black lines are the single swings of H2 TF.
To free Gazans of Hamas, use whatever it takes.
  • #698,170
  • Oct 19, 2022 8:34am Oct 19, 2022 8:34am
Quoting Pat Chiko
{quote} GU Minor pullback Final stop next. Any comment and view welcome.{image}
Pat, someone might be listening to us that we want the gap to be closed.
Always trade your own plan...I don't provide trading signals.
  • #698,171
  • Oct 19, 2022 8:35am Oct 19, 2022 8:35am
1230/25 the support to pull it back .

IMO.

1280 target for this.

But I quit from long trades early.

As I see this is only 15 min pull back.

I want to see 30 min momentum atleast.

Later on, I will look for long.
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Intraday only.
  • #698,172
  • Oct 19, 2022 8:42am Oct 19, 2022 8:42am
Quoting redcat3003
ready for Sell {image}
+50 pip
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RedcaT 3003
25k Return This Week: na
  • #698,173
  • Oct 19, 2022 8:43am Oct 19, 2022 8:43am
If Pound pullback during 16:00-18:00 (Platform time), it can be the trap and the up move won't last too long. 19:00-20:00 it might drop to create new lower low.

Since my daily bias today is Short, so I'm waiting to sell the rise around 1.12800-1.13 with 20-50 pips SL and target the weekend gap
With courage, patience, and discipline, success is a matter of time.
  • #698,174
  • Oct 19, 2022 8:47am Oct 19, 2022 8:47am
Quoting TheWolf
I like the way this H4 closed. This looks like the sell will continue in my opinion. I wish USD/JPY gets to 150 today and tommorow we have intervention haha. Now is the perfect opportunity for them to close the gap. H4 confirmed Sell. I am leaving it open.
Look at H1 with Heiken-Ashi bars to smooth the view a little bit. Look how many bars are in that downswing without a retracement bar. This is a VERY good sign that the lower TFs are going to go into up swings/up trends to create an H1 rally.

The same behavior already occurred about 4.5 hours ago for an m30 rally followed by sell continuation.

No matter the TF, the same behavior because of the fractal-like nature of financial time series.

(For the more astute reader, think about the reverse view: Smaller TFs are going into up swings/up trends--which bigger TF is due to end its swing?)
To free Gazans of Hamas, use whatever it takes.
  • #698,175
  • Oct 19, 2022 8:47am Oct 19, 2022 8:47am
Quoting Yngwie
{quote} Come on. Bull party not over yet
Hi Bro.

Since UK CPI number are double digit inflation, with problematic Govt, it is difficulty for GBP to defended their currency.
If keep on supporting Gilt, I think by today GU is almost to parity. But Bailey made wise move to save GBP overattentive from devaluation.
That's why BoE step back until Nov 2022 to hold back Gilt sales.

Another point to note here is why didn't the Bank of England intervene massively in Gilts to bring yields down?
Because the Pound would've collapsed had it done that.
Ultimate constraint on monetary sovereigns isn't yields.
It's fear of devaluation.
See the correlation ?

Since I come from future, I study a lot Wizard, Wold and Goreg chart.
They are informative and the way all of these gentlemen putting it "brilliant"

Have a look and you may find secret in them.

Take care Bro and trade safe,

CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #698,176
  • Oct 19, 2022 8:48am Oct 19, 2022 8:48am
i am lethal with small equity
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yes yes yes
  • #698,177
  • Oct 19, 2022 8:49am Oct 19, 2022 8:49am
Sell GBP/USD @ 1.12500
stop loss 30 pips
1st Target 40 pips
2nd Target 80 pips
!! Radha Radha !!
  • #698,178
  • Oct 19, 2022 8:50am Oct 19, 2022 8:50am
Quoting Moty
i am lethal with small equity {image}
what is the difference? same chart
  • #698,179
  • Oct 19, 2022 8:51am Oct 19, 2022 8:51am
Quoting DrDave
{quote} In case you didn't realize it, the swings you mark with the black lines are the single swings of H2 TF.
I use Coral 60 and its coefficients to determine the swings, which actually means bringing big & small time frames in 15M.
Without changing the chart, you can see all the time frames like this
I use 60 (reference swing) for divergence and convergence, regression channel & Andrews fork
I use 15-18 for confirmation for scalping & also for drawing harmonic patterns
I also use 30 to draw patterns, flag patterns, wedge,...
I also use 4-9 to enter the trade
In fact, I monitor the multi-time frame and work together
There is nothing wrong with being kind & loving to each other
  • #698,180
  • Oct 19, 2022 8:52am Oct 19, 2022 8:52am
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Was hoping for more of a re-tracement but I won't get it...

What precipitated the "reversal" i.e., current fall:

A no-confidence letter for the PM -

So I reversed and now I'm short:

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What a wonderful thing - to play it both ways...
...because you never know - until you do!
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