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Cable Update (GBPUSD)

  • #746,361
  • May 18, 2023 12:44pm May 18, 2023 12:44pm
Sneaking back upstairs
Let's stay above 2400 plzzz
  • #746,362
  • May 18, 2023 1:12pm May 18, 2023 1:12pm
I’m scared for BTCUSD. What I’m seeing I can’t say it.
My telegram: https://t.me/avidforex
  • #746,363
  • May 18, 2023 1:15pm May 18, 2023 1:15pm
Quoting Eren10
{quote} I am on the same boat. If closed above ~1.2425 then there is more space for upside.
at this point we'll be lucky to close above 1.24

hawkish comments from fedspeak with strong job numbers is giving the dollar quite a boost. sad sad day for GU bulls today
  • #746,364
  • May 18, 2023 1:17pm May 18, 2023 1:17pm
Seeing today's PA (YL taken out) it's hard to expect the reversal but impossible is nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: daily2023-05-18 141145.jpg Size: 221 KB

Intraday chart 5M shows an ending diagonal wave, so maybe for today is enough.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.18 5M b.png Size: 44 KB
Always trade your own plan...I don't provide trading signals.
  • #746,365
  • Edited 1:46pm May 18, 2023 1:35pm | Edited 1:46pm
Extreme...394 traders viewing now, 13 are members ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 43 KB
  • #746,366
  • May 18, 2023 1:37pm May 18, 2023 1:37pm
Quoting Coreg2004
Seeing today's PA (YL taken out) it's hard to expect the reversal but impossible is nothing. {image} Intraday chart 5M shows an ending diagonal wave, so maybe for today is enough. {image}
I don't trust your Wave 4's. They don't look to have departed from the trend far enough. I could be wrong though, as the Dollar's volatility may make all waves parabolic.
Don't compare your trades to others. Most often the masses are the asses
  • #746,367
  • Edited 1:53pm May 18, 2023 1:43pm | Edited 1:53pm
Quoting OBsayMkMoney
{quote} I don't trust your Wave 4's. They don't look to have departed from the trend far enough. I could be wrong though, as the Dollar's volatility may make all waves parabolic.
OBsayMkMoney, which chart? daily? I trust my charts b/c they are on the money, especially daily. Check the history of my posts. I don't want to litter the thread by taking a victory lap.
Always trade your own plan...I don't provide trading signals.
  • #746,368
  • May 18, 2023 2:15pm May 18, 2023 2:15pm
If you develop ur own strategy it’s like building a new house from foundations

every system you try to copy was created
MY OPINION NOT FINANCIAL ADVISE
  • #746,369
  • May 18, 2023 2:18pm May 18, 2023 2:18pm
Quoting Coreg2004
{quote} OBsayMkMoney, which chart? daily? I trust my charts b/c they are on the money, especially daily. Check the history of my posts. I don't want to litter the thread by taking a victory lap.
Hey Coreg,

I was wondering if you could give me your opinion about my labeling on the DXY. I'm sorry to "butt in" to your conversation but I would really appreciate your input. Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2023-05-18_15-12-03.png Size: 76 KB
  • #746,370
  • May 18, 2023 2:22pm May 18, 2023 2:22pm
Quoting donfriday
If you develop ur own strategy it’s like building a new house from foundations every system you try to copy was created
donfriday, I'm first to admit that the good Lord didn't bless me with enough brain to reinvent the wheel so I use other people's work: Miner, Fischer, Carney, Sperandeo, Raschke
Always trade your own plan...I don't provide trading signals.
  • #746,371
  • May 18, 2023 2:25pm May 18, 2023 2:25pm
Brk Out Short 1.24406
https://www.livecharts.co.uk/Members...rex_pivots.php
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 43 KB
  • #746,372
  • May 18, 2023 2:27pm May 18, 2023 2:27pm
Quoting Coreg2004
{quote} OBsayMkMoney, which chart? daily? I trust my charts b/c they are on the money, especially daily. Check the history of my posts. I don't want to litter the thread by taking a victory lap.
Easy killer. It isn't a challenge. Just an observation. Jeebus folks choose violence so quickly
Don't compare your trades to others. Most often the masses are the asses
  • #746,373
  • May 18, 2023 2:38pm May 18, 2023 2:38pm
Come on
Let's make a comeback
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_2023-05-18-22-37-30-081_net.metaquotes.metatrader4.jpg Size: 693 KB
yes yes yes
  • #746,374
  • May 18, 2023 2:39pm May 18, 2023 2:39pm
Quoting fx6996
{quote} Hey Coreg, I was wondering if you could give me your opinion about my labeling on the DXY. I'm sorry to "butt in" to your conversation but I would really appreciate your input. Thanks {image}
fx6996, very nice. I always keep in mind that I might miss something so I have a second scenario ready because there is the possibility that something else is brewing behind the scene.
Attached Image (click to enlarge)
Click to Enlarge Name: DX 05.18 1H.png Size: 46 KB

Pattern (a)-(b)-(c). price-PRZ, time (time band)
Attached Image (click to enlarge)
Click to Enlarge Name: DX 05.18 daily.png Size: 37 KB
Always trade your own plan...I don't provide trading signals.
  • #746,375
  • May 18, 2023 2:43pm May 18, 2023 2:43pm
Buy GU at 1.2409

  • #746,376
  • May 18, 2023 2:45pm May 18, 2023 2:45pm
Quoting fx6996
{quote} Hey Coreg, I was wondering if you could give me your opinion about my labeling on the DXY. I'm sorry to "butt in" to your conversation but I would really appreciate your input. Thanks {image}
You're a good example of responding to other people's charts with your own chart, a very polite act
https://breakpullback.com
  • #746,377
  • May 18, 2023 2:53pm May 18, 2023 2:53pm
Quoting Coreg2004
{quote} fx6996, very nice. I always keep in mind that I might miss something so I have a second scenario ready because there is the possibility that something else is brewing behind the scene. {image} Pattern (a)-(b)-(c). price-PRZ, time (time band) {image}
Via your charts you telegraphed this move ahead of time. I remember your call for a Dxy rise. And boy did it rise!
  • #746,378
  • May 18, 2023 2:54pm May 18, 2023 2:54pm
Quoting eyefeelsix
{quote} You're a good example of responding to other people's charts with your own chart, a very polite act
I may be wrong but they appear to be charting different symbols.
  • #746,379
  • May 18, 2023 3:07pm May 18, 2023 3:07pm
Uncanny resemblance to early September 2020. Tuesday good sized bear candle, Wednesday bullish pin bar, absorbed on Thursday with another good sized bear candle making a new low with small wick going into Friday.

Does it mean anything? Probably not, just an observation.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230518-205841~2.png Size: 62 KB
  • #746,380
  • May 18, 2023 3:08pm May 18, 2023 3:08pm
Quoting dantpm
{quote} I may be wrong but they appear to be charting different symbols.
yes but dxy has an important role in the movement of Cable, I see some traders here can only respond without giving a clear solution, that way the discussion will never happen, there will be no learning from each other

didn't mean to offend anyone but that's what happened here, sorry to say
https://breakpullback.com
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