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Cable Update (GBPUSD)

  • #701,761
  • Oct 28, 2022 3:01pm Oct 28, 2022 3:01pm
Quoting DrDave
{quote} You posted that request nearly 2 hours ago. But here is the 5m marked up. The red line above the highs shows the clear lower top rather than a mere double top that the indicator in another screen capture showed. Therefore, the subsequent down swing is either just another pullback that will be followed by an up continuation, or it is the start of a down trend on this TF. If you accept the simplest definition of a down trend as a down swing, a rally that retraces less than 100 % of the down swing, then a continuation down swing, the behavior...
Thank you dear.
He who loves correction loves knowledge, but he who hates reproof is stupid
  • #701,762
  • Oct 28, 2022 3:08pm Oct 28, 2022 3:08pm
Markets too slow to trade.
  • #701,763
  • Oct 28, 2022 3:40pm Oct 28, 2022 3:40pm
Quoting elbert3
{image}1 min
No entry yet
  • #701,764
  • Oct 28, 2022 3:41pm Oct 28, 2022 3:41pm
Ultimately the good trades will be buy trades next week. Might expect some pull back Monday to continue this pound rally
  • #701,765
  • Oct 28, 2022 3:41pm Oct 28, 2022 3:41pm
Quoting Jolita
Musk will close Twitter deal by Friday, deadline is 28 Oct. Twitter could be a good buy on the news. Edit: Long entered at 5339 , already +40pips
The bird is freed
  • #701,766
  • Edited 4:01pm Oct 28, 2022 3:43pm | Edited 4:01pm
Come on! 15 minutes 'til end of day!
Think I'll make it?

End of Day Edit: No, of course it didn't make it.
I hope you all have a nice weekend!
Attached Image (click to enlarge)
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Funded trader
  • #701,767
  • Edited 4:13pm Oct 28, 2022 3:49pm | Edited 4:13pm
Quoting Moty
{image}{image}
I think you are right Moty
It's been so good watching you and some others whenever I have had the chance to
Compulsions can be hard to resist
  • #701,768
  • Oct 28, 2022 3:57pm Oct 28, 2022 3:57pm
Quoting gespiri
{quote} Closed a day early. DogeCoin jumped 35% and now profit taking. Dunno what'll do the next months but I'm holding 2.5k coins with money I can live without if I lose it. Let's wait and see.
My trade was closed at 5420, no idea why didn't roll over. But what I find interesting chart never reached 5420, very strange..

You might be the next millionaire, never know.
I am holding Luna 's.
  • #701,769
  • Oct 28, 2022 4:50pm Oct 28, 2022 4:50pm
What do you think, Elliot wave masters?
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  • #701,770
  • Oct 28, 2022 5:20pm Oct 28, 2022 5:20pm
Quoting Milan
What do you think, Elliot wave masters? {image}
Yes, same target here.

But on the other hand...I am mostly wrong, so its a tough one.

Btw with FED on wednesday and BoE on thursday, volatility shouldn't be a problem.
Everyone can see the chart, but only a few can actually read it.
  • #701,771
  • Oct 28, 2022 5:58pm Oct 28, 2022 5:58pm
Quoting Milan
What do you think, Elliot wave masters? {image}

I don't understand, but a question came to mind: Is the "B" wave over?
He who loves correction loves knowledge, but he who hates reproof is stupid
  • #701,772
  • Oct 28, 2022 6:16pm Oct 28, 2022 6:16pm
Quoting barbaruiva
{quote} I don't understand, but a question came to mind: Is the "B" wave over?
yes, I think so. There is shift in market structure to short.
  • #701,773
  • Oct 28, 2022 6:57pm Oct 28, 2022 6:57pm
Quoting Milan
{quote} yes, I think so. There is shift in market structure to short.
Can you exemplify this change in structure?
He who loves correction loves knowledge, but he who hates reproof is stupid
  • #701,774
  • Oct 28, 2022 8:24pm Oct 28, 2022 8:24pm
Quoting emmanuel7788
{quote} FTSE100 Oct27 - some relief now with Liz out - but what can Sunak do to bring back market confidence and FTSE trades 7077? - its no good ranging between 6808 and 7077. - hopefully we can enjoy a good Christmas and year-end holidays {image}
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE Oct27 7077 level 27-10-2022 9-38-04 am.png Size: 15 KB

FTSE100 Oct28 Friday Close

- I'm delighted to see 7078

- next week is start of a new month Nov

- and its Thanksgiving

Attached Image (click to enlarge)
Click to Enlarge Name: FTSE Oct28 NYClose 29-10-2022 9-19-28 am.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #701,775
  • Oct 28, 2022 8:47pm Oct 28, 2022 8:47pm
Quoting Milan
What do you think, Elliot wave masters?
Attached Image (click to enlarge)
Click to Enlarge Name: Milan GU H1 AB CD 29-10-2022 9-48-07 am.png Size: 14 KB


{image}
my EW analysis is rusty not practising it for a few years after I left EWI.

H1 wave A is good but

H1 wave B not 'complete' yet

it can turn out to be a XABCD too.

we have to see it develop.

on my H4, I see two possible zones 1 and 2 where price can go to.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct28 NYCl WRB-A 29-10-2022 9-38-26 am.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #701,776
  • Oct 28, 2022 9:09pm Oct 28, 2022 9:09pm
Quoting Bella.al
{quote} Current Rate : 1.15681 I am +64 Pips as i write this , so far my trailing stop is surviving in the market ( 1.16074 ) . Resistance : 1.16035 has proved to be useful . Looking for weakness to extend and breach below 1.15250 level Bella's Blue {image}
do you move your trail stop manual from local swing high to last swing high? or you have a tool with auto help you to do that action?
  • #701,777
  • Oct 28, 2022 9:14pm Oct 28, 2022 9:14pm
Quoting emmanuel7788
{quote} my EW analysis is rusty not practising it for a few years after I left EWI. H1 wave A is good but H1 wave B not 'complete' yet it can turn out to be a XABCD too. we have to see it develop. on my H4, I see two possible zones 1 and 2 where price can go to. {image} {image}

some old materials I got from EWI

Ultimate Technical Analysis Handbook pdf click> { download }

here is a good study material by Jeffrey Kennedy, Elliot Wave International

the channelling technique is mentioned in this pdf is worth a look.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #701,778
  • Oct 28, 2022 9:26pm Oct 28, 2022 9:26pm
Quoting ntk
{quote} do you move your trail stop manual from local swing high to last swing high? or you have a tool with auto help you to do that action?
Hello,

I studied Elliot waves and Pivots , hence i use features of these two methods for trailing.
my Analysis time frame is Hourly Chart and Trading time frame is 15 minutes.

(a) Move Stop after Daily Close
(b) Use Daily Pivots / Cams

I have no idea if there is any tool with auto trailing. ( i am new to Forex trading in general )

-Bella
Goddess of Thunder..
  • #701,779
  • Oct 28, 2022 9:27pm Oct 28, 2022 9:27pm
Markets are closed.

Time for past time activity ... Talk Shows

I like George Galloway

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #701,780
  • Oct 28, 2022 9:58pm Oct 28, 2022 9:58pm
Quoting Bella.al
{quote} Hello, I studied Elliot waves and Pivots , hence i use features of these two methods for trailing. my Analysis time frame is Hourly Chart and Trading time frame is 15 minutes. (a) Move Stop after Daily Close (b) Use Daily Pivots / Cams I have no idea if there is any tool with auto trailing. ( i am new to Forex trading in general ) -Bella

There are several trade management EAs available.

THV CaveManager Trade Management EA.

Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455

There are different exit strategies which you can consider in CM.

I am using this EA for more than 10 years. If you have any questions I'll be here to help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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