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Cable Update (GBPUSD)

  • #708,301
  • Nov 18, 2022 12:26pm Nov 18, 2022 12:26pm
Quoting dantpm
{quote} To be honest, only by comparing it to another chart. I do try to trade ranges but when each time I take a trade there is a 100-200 pt pull back for stop hunting it gets expensive. I have a couple of strategies that improve my odds a bit. If you have any suggestions, I would appreciate them.
dantpm, I use the last day range as my XA swing. If I believe (yes, we trade our beliefs) that the next day the market will be inside that range, I'm looking for Gartley/bat pattern or ABC. If the market doesn't reverse in these zones, I'm looking for H or L to be broken and reach my DRE zone (yellow box). You can use the same way Tokyo range or any swing on e.g. 30M chart. Just concentrate on the last swing on your TF, the rest is irrelevant to day trading. Forget, jumping from TF to TF. You trade this instrument for a long time and remember what's going on on HTFs (4H or daily). If you have any specific questions shoot. I hope I will have the answer. Today is a tough day but the ABC pattern works even in these conditions.
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Always trade your own plan...I don't provide trading signals.
  • #708,302
  • Nov 18, 2022 12:28pm Nov 18, 2022 12:28pm
not spending much time reading the chart like before
for now i can only see this playing out
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MY OPINION NOT FINANCIAL ADVISE
  • #708,303
  • Nov 18, 2022 12:33pm Nov 18, 2022 12:33pm
Quoting Coreg2004
{quote} dantpm, I use the last day range as my XA swing. If I believe (yes, we trade our beliefs) that the next day the market will be inside that range, I'm looking for Gartley/bat pattern or ABC. If the market doesn't reverse in these zones, I'm looking for H or L to be broken and reach my DRE zone (yellow box). You can use the same way Tokyo range or any swing on e.g. 30M chart. Just concentrate on the last swing on your TF, the rest is irrelevant to day trading. Forget, jumping from TF to TF. You trade this instrument for a long time and remember...

Thanks!
  • #708,304
  • Nov 18, 2022 12:44pm Nov 18, 2022 12:44pm
Quoting Eren10
{quote} Why would there be a gap ?
The will find a reason
Uj has broke the trendline
Gu must go down
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yes yes yes
  • #708,305
  • Nov 18, 2022 12:59pm Nov 18, 2022 12:59pm
It’s time! Have a great weekend folks
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Insane in the Brain..
  • #708,306
  • Nov 18, 2022 1:03pm Nov 18, 2022 1:03pm
are we up this time
  • #708,307
  • Nov 18, 2022 1:07pm Nov 18, 2022 1:07pm
Gold possibly long at 1748
  • #708,308
  • Nov 18, 2022 1:23pm Nov 18, 2022 1:23pm
166.900 possibly going short gbpjpy
  • #708,309
  • Nov 18, 2022 2:10pm Nov 18, 2022 2:10pm
Last Gbpusd trade for the evening I am short now
  • #708,310
  • Nov 18, 2022 2:37pm Nov 18, 2022 2:37pm
Quoting elbert3
are we up this time
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tp here flipped into short and stop over the top of that green line before market close .. well it’s been a good day called some good trade entries .. well I think there good because I have the money off them lol .. regards E
  • #708,311
  • Nov 18, 2022 3:01pm Nov 18, 2022 3:01pm
Quoting Moty
{quote} The will find a reason Uj has broke the trendline Gu must go down {image}
You know what
Fuck all the rest
I am long uj
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yes yes yes
  • #708,312
  • Nov 18, 2022 3:09pm Nov 18, 2022 3:09pm
Quoting OragonFx
Gold bearish flag and broke the uptrend, going short on this one and probably gu {image} {image}
I slept through the night and saw gold went down as expected. Another lesson for not putting SL too tight specially on GOLD.

I also saw GU ranging real hard. WTH GU
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No pen no gen
  • #708,313
  • Nov 18, 2022 3:12pm Nov 18, 2022 3:12pm
Doji on the 5 min . But will it make a change ??!!
  • #708,314
  • Edited 3:35pm Nov 18, 2022 3:15pm | Edited 3:35pm
My view for next week if it breaks under
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No pen no gen
  • #708,315
  • Nov 18, 2022 4:58pm Nov 18, 2022 4:58pm
USD approaching untested support.
GU approaching untested resistance
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Compulsions can be hard to resist
  • #708,316
  • Nov 18, 2022 7:13pm Nov 18, 2022 7:13pm
Quoting bilal1947
Super range day: M5 {image} M1: {image}
In such days, beast works nicely.
Intraday only.
  • #708,317
  • Nov 18, 2022 9:32pm Nov 18, 2022 9:32pm
Quoting navk
{quote} In such days, beast works nicely.
Even your other indicator marking zones is also very good when price make HL or LH and respect a prev zone and arrow is there your good to go

Yet Indications are indicators they will not let us learn the price, i use them in early days even but without it only helps me focus on price alone, as in yesterday price action i showed on M1 how Market Maker accumulating after each prev swing raid.
"Exchange of hands"
  • #708,318
  • Nov 18, 2022 10:43pm Nov 18, 2022 10:43pm
Expected next week Dummy Candle towards 1.2000
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"Exchange of hands"
  • #708,319
  • Nov 18, 2022 11:22pm Nov 18, 2022 11:22pm
Quoting elude
{image} Sell limit 1.1965; SL 1.1928 (37 pips); TP 1.1787 (141 pips)
Quoting elude
{quote} {image} {image} Sell limit triggered

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Hi everyone,

I've kept my trade open.
The SL, 37 PIPs, six times attacked and still alive.
I entered and didn't care.
Too tiring to think or talk about it.

The 37 pips SL is a calculated price distance and percentage of my previous gain, no big deal. Luckily it was untouched.

Of course, I will get a lot if I actively have opened and closed many times like what I've done in the past, but getting profit will depend on many factors, and most probable, the balance would be gone.

Have a great weekend.
  • #708,320
  • Nov 18, 2022 11:49pm Nov 18, 2022 11:49pm
Hey all.

Just wondering...

Am I doing the Elliot Waves correctly?

Thanks & have a great weekend.
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