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Cable Update (GBPUSD)

  • #718,181
  • Jan 5, 2023 8:10am Jan 5, 2023 8:10am
Quoting Pat Chiko
{quote} GU approaching target 3. 25 pips to go.{image} Special thanks to dailychart for his view on my trades. Thanks Bro Dailychart.
GU

End of scalping
Target 3 with last three position.

Very straight forward set up, after the FOMC (MoM) yesterday, the set up inclined to bearish.
Price with the Range Box and fail to make new high, unable to break Resistance

The bootom of range box was broken the Support on Tues before price goes back to range box.
This move is BO/RT. Giving ample opportunity to sweep LQ in the consolidation range box.

With FOMC (Mom) news, it gives a nice set up ( slowly and surely), the MM are doing it discreetly to trap buyer.

That's how I analyse the chart using Support & Resistance only
Anything simpler is immposible.
Stop guessing where price want to go.
PA and Chart will show you the way..... the only way to stress free trades.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 178.jpg Size: 225 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #718,182
  • Jan 5, 2023 8:13am Jan 5, 2023 8:13am
Quoting kuroro001
{quote} Sure, anytime anywhere buddy
Thanks. I will put up something tonight.
See if that makes sense on looking at current position of respective currency holder
I'm trying to pair down and match the the weakest and strongest pair to trade.

Thanks again/

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #718,183
  • Jan 5, 2023 8:18am Jan 5, 2023 8:18am
Quoting Pat Chiko
{quote} GU End of scalping Target 3 with last three position. Very straight forward set up, after the FOMC (MoM) yesterday, the set up inclined to bearish. Price with the Range Box and fail to make new high, unable to break Resistance The bootom of range box was broken the Support on Tues before price goes back to range box. This move is BO/RT. Giving ample opportunity to sweep LQ in the consolidation range box. With FOMC (Mom) news, it gives a nice set up ( slowly and surely), the MM are doing it discreetly to trap buyer. That's how I analyse the...
Dear Brother Pat learning from you the use of support and resistance. I have improved a lot my trading with your detail explanations.
  • #718,184
  • Jan 5, 2023 8:25am Jan 5, 2023 8:25am
Quoting Abeeha
{quote} Dear Brother Pat learning from you the use of support and resistance. I have improved a lot my trading with your detail explanations.
Please don't tell anyone you use S&R for trading
People will laugh at you coz S&R are very primitive tools, even before the invention of Computer.

Keep it to yourself and take care.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #718,185
  • Jan 5, 2023 8:26am Jan 5, 2023 8:26am
Bought at 1.1915... target 1.1970...

Second buy limit at 1.1865, target 1.1915...
Data + Stat + Risk/Emotions Management
  • #718,186
  • Jan 5, 2023 8:28am Jan 5, 2023 8:28am
Price action and time..
The reason why I respect Pat so much is because he does everything by just looking at the chart. Its a lot of hard work.
Attached Image (click to enlarge)
Click to Enlarge Name: 9A030CD3-47C2-4D32-83E8-F910A04B0101.jpeg Size: 420 KB
My telegram: https://t.me/avidforex
  • #718,187
  • Jan 5, 2023 8:29am Jan 5, 2023 8:29am
Whats next ?.

Any comment and view welcome.
Troll will be prosecuted on sight.

Let me hear you and make some noise.
The only way to improve your trading is by participating.

I won't be long in this thread, as I may want to go back to where I came from
Attached Image (click to enlarge)
Click to Enlarge Name: gu 179.jpg Size: 183 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #718,188
  • Jan 5, 2023 8:29am Jan 5, 2023 8:29am
The cable pierced through support on 3 January will establish a new low. Expecting a confluence on the support level to establish a bullish move. it shall be a smooth move.
  • #718,189
  • Jan 5, 2023 8:30am Jan 5, 2023 8:30am
Let this be here!!
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 21 KB
  • #718,190
  • Jan 5, 2023 8:33am Jan 5, 2023 8:33am
Quoting pat chiko
whats next ?. Any comment and view welcome. Troll will be prosecuted on sight. Let me hear you and make some noise. The only way to improve your trading is by participating. I won't be long in this thread, as i may want to go back to where i came from{image}


sang real!!! You are great and most appreciated
My telegram: https://t.me/avidforex
  • #718,191
  • Jan 5, 2023 8:37am Jan 5, 2023 8:37am
let's go pull back
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 15 KB
yes yes yes
  • #718,192
  • Jan 5, 2023 8:40am Jan 5, 2023 8:40am
Quoting Pat Chiko
Whats next ?. Any comment and view welcome. Troll will be prosecuted on sight. Let me hear you and make some noise. The only way to improve your trading is by participating. I won't be long in this thread, as I may want to go back to where I came from{image}

often times you’ll say you’re old.. You are still very young but some years older than me. Please don’t go yet but if you insist on leaving drop your contact I’ll like to always keep in touch because you’re a great man!!!!
My telegram: https://t.me/avidforex
  • #718,193
  • Jan 5, 2023 8:40am Jan 5, 2023 8:40am
Quoting pipfarm
{quote} Here are the charts the purple lines are the 15 minute structure used just to get a closer entry, personally rather than try and pick the top of the correction i like to see some trend movement in my direction before entering {image} {image}
Swing 3 trend wave , we should be expecting a swing low below 1898 on H1, then lets see after that if we get an hourly pullback, there might me another chance to short this week
Follow The Markets Structure - Patience and Discipline
  • #718,194
  • Jan 5, 2023 8:42am Jan 5, 2023 8:42am
Inserted Video
POSTMASTER
  • #718,195
  • Jan 5, 2023 8:44am Jan 5, 2023 8:44am
Quoting BigNumbers
Price action and time.. The reason why I respect Pat so much is because he does everything by just looking at the chart. Its a lot of hard work. {image}
time for short
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 11 KB
yes yes yes
  • #718,196
  • Jan 5, 2023 8:46am Jan 5, 2023 8:46am
It's over.. Hourly was right to confirm Short 4 hours before London Open...

H4 is about to confirm Short and on Daily Chart yesterday's candle DID NOT CLOSE ABOVE THE GRAY LINE..

Next Support based on Daily Chart is at ~1.17661.

Told you H4 is weird, an anomaly...

Now, only Weekly is not yet confirming Short, when it does, it'll be a nice ride down..

Somewhat larger candle, so some retracement should be expected but then just Short..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 26 KB
Click to Enlarge Name: GBPUSD Daily.png Size: 24 KB
Click to Enlarge Name: GBPUSD Hourly.png Size: 24 KB
  • #718,197
  • Jan 5, 2023 8:49am Jan 5, 2023 8:49am
Quoting Pat Chiko
Posted on DXY SIX hours ago. {quote} DXY do respect daily demand zone , and price bounce.{image}
Quoting Coreg2004
{quote} bilal1947, if the last drop on the DX chart is indeed 1-5 ending diagonal wave the expectation is that the high 4 @105.80 will be challenged. That's theory. What's going to happen I don't know. {image}
Pat, check the 4H chart. Even 3rd touch of the TL didn't stop DX from advancing. Sure, we have a massive resistance zone above...but march to 105.80 is still valid.
Attached Image (click to enlarge)
Click to Enlarge Name: DX 01.05 4H.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #718,198
  • Jan 5, 2023 8:50am Jan 5, 2023 8:50am
Quoting Pat Chiko
Whats next ?. Any comment and view welcome. Troll will be prosecuted on sight. Let me hear you and make some noise. The only way to improve your trading is by participating. I won't be long in this thread, as I may want to go back to where I came from{image}
1.1853 - 1.1837 coincides with expected weekly range being 250 pips ... 1.2087 minus 250 = 1.1837 area...

My key zones for this January are 1.1820 - 1.2320 area... So this means 1.1820 area may happen first...

Another view, a break of 1.1900 also exposes 1.1715 area... Which may take monthly to 370 pips... Fingers crossed. I don't want to predict, I want to plan ahead and react.
Data + Stat + Risk/Emotions Management
  • #718,199
  • Jan 5, 2023 8:55am Jan 5, 2023 8:55am
GBP/USD Daily S (End of the Buy Zone).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Daily.png Size: 26 KB
  • #718,200
  • Jan 5, 2023 9:00am Jan 5, 2023 9:00am
Quoting Pat Chiko
Whats next ?. Any comment and view welcome. Troll will be prosecuted on sight. Let me hear you and make some noise. The only way to improve your trading is by participating. I won't be long in this thread, as I may want to go back to where I came from{image}
GU

One for the road to take out LQ below.
Going to be quick one, after that price will consolidate in preparation for NFP
Attached Image (click to enlarge)
Click to Enlarge Name: gu 181.jpg Size: 113 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu 180.jpg Size: 190 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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