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Cable Update (GBPUSD)

  • #739,421
  • Apr 5, 2023 6:13am Apr 5, 2023 6:13am
Quoting dantpm
{quote} This one. {image}
Thanks for sharing pal EW is like opening a can of worms when your getting started,especially with alt counts etc but i find it quite good to get a gameplan then combine it with structure
  • #739,422
  • Apr 5, 2023 6:14am Apr 5, 2023 6:14am
Quoting pipfarm
{quote} Elliott waves will drive you crazy, in any case you can condense elliott wave swings into what i call the truth swing.
Care to elaborate?
  • #739,423
  • Apr 5, 2023 6:17am Apr 5, 2023 6:17am
Quoting pipfarm
{quote} Elliott waves will drive you crazy, in any case you can condense elliott wave swings into what i call the truth swing.
drove me crazy for years. im a slow learner i think and there are lot easier ways to trade imo. i still use it tho just coz i spent so long trying to grasp it. started bout 25yrs ago with it and probably took me 6/7yrs to start understanding it.
  • #739,424
  • Apr 5, 2023 6:19am Apr 5, 2023 6:19am
Gu Eu short
20pips sl no Tp
  • #739,425
  • Apr 5, 2023 6:24am Apr 5, 2023 6:24am
Quoting LitEU
Gu Eu short 20pips sl no Tp
sl at BE
Attached Image (click to enlarge)
Click to Enlarge Name: CE5BC876-CA77-4308-B762-7F400CED1B8A.png Size: 52 KB
  • #739,426
  • Apr 5, 2023 6:25am Apr 5, 2023 6:25am
Quoting dantpm
{quote} Care to elaborate?
Condense the timeframe your using to count elliott waves 2 up ie if you count elliott waves on H1 then condense it to a single wave on D1 and learn PA
Follow The Markets Structure - Patience and Discipline
  • #739,427
  • Apr 5, 2023 6:26am Apr 5, 2023 6:26am
Quoting pipfarm
{quote} Condense the timeframe your using to count elliott waves 2 up ie if you count elliott waves on H1 then condense it to a single wave on D1 and learn PA
forex mentors charge heavily for this info
  • #739,428
  • Apr 5, 2023 6:27am Apr 5, 2023 6:27am
Quoting Whale
Sell above 2490 (2490X todays equilibrium) im still holding my sell from 2510 will add more target unknown, main is 2160 but a long way for straight trade.
happy i've got in 2490 i will place sl on be now.
Because i feel the market is kind of tricky.
im trying to ignore the main trend of GU or other USD pairs and focusing only on the 4h/daily main setups on dxy.
  • #739,429
  • Apr 5, 2023 6:34am Apr 5, 2023 6:34am
Quoting LitEU
{quote} forex mentors charge heavily for this info
Lucky for you im not a forex mentor, btw you can contract or expand , i probably should of said contract up into a single wave. i will let you work out how it works the other way.
Follow The Markets Structure - Patience and Discipline
  • #739,430
  • Apr 5, 2023 6:39am Apr 5, 2023 6:39am
Quoting pipfarm
{quote} Lucky for you im not a forex mentor, btw you can contract or expand , i probably should of said contract up into a single wave. i will let you work out how it works the other way.
thanks
  • #739,431
  • Apr 5, 2023 6:53am Apr 5, 2023 6:53am
sell position still holding. Let's see of resistance holds
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM12.png Size: 38 KB
  • #739,432
  • Apr 5, 2023 6:54am Apr 5, 2023 6:54am
Quoting ForexGoose
buy limit set at 1.245, stop loss under 1.243, target 1.253+ i might buy before the red data today as I expect it to be poor ISM Services PMI should show that inflation is on the decline
bought at 1.248, gambling style

Inserted Video
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #739,433
  • Apr 5, 2023 6:54am Apr 5, 2023 6:54am
Quoting LitEU
{quote} sl at BE {image}
stop hunt at BE
  • #739,434
  • Apr 5, 2023 6:57am Apr 5, 2023 6:57am
Quoting pipfarm
Considering a long here from 2486, H1, Correction seems to have finished with a break above. D1 inside bar so nothing has changed dramatically The H4 LH,LL seems a bit all over the place, does not look like a corrective pattern i recognise
Price is sitting on the edge , might go up might go down, at this stage of the swing. Risk and money management , win or lose , should not be a problem
Follow The Markets Structure - Patience and Discipline
  • #739,435
  • Apr 5, 2023 7:01am Apr 5, 2023 7:01am
Sl hit at BE DANG IT
  • #739,436
  • Apr 5, 2023 7:02am Apr 5, 2023 7:02am
Quoting ForexGoose
{quote} bought at 1.248, gambling style https://www.youtube.com/watch?v=EjXy-KtEjA0
the data is soft, i think it is going up from current levels today

that's the way she goes, i guess
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #739,437
  • Apr 5, 2023 7:02am Apr 5, 2023 7:02am
Quoting pipfarm
{quote} Price is sitting on the edge , might go up might go down, at this stage of the swing. Risk and money management , win or lose , should not be a problem
That was some gap UP on the NEWS, ok so long at the moment seems correct at least for now, long was all i was considering because that is following the path of the current swing and i am not a contrarian trader.
Follow The Markets Structure - Patience and Discipline
  • #739,438
  • Apr 5, 2023 7:03am Apr 5, 2023 7:03am
gbp update
S still valid at 1.2460 after red news for usd
R - cca 1.2513

DX - still between R,S
Attached Image(s) (click to enlarge)
Click to Enlarge Name: df.jpg Size: 516 KB
Click to Enlarge Name: gbp.jpg Size: 545 KB
Trendlines H1,H4, SMC
  • #739,439
  • Apr 5, 2023 7:03am Apr 5, 2023 7:03am
Data crap Cable is ready for the moon
Insane in the Brain..
  • #739,440
  • Apr 5, 2023 7:05am Apr 5, 2023 7:05am
Gu is never going to retest at this rate
up up and away then
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