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Cable Update (GBPUSD)

  • #752,821
  • Jun 19, 2023 5:44am Jun 19, 2023 5:44am
Quoting Scotteyy
{quote} Yup, trading is as much about preserving your capital as it is increasing it. Days like today are all about staying out and preserving.
there used to be a fabulous scalper on FF and he taught me this rule of his:
nr1 priority is capital preservation.
in wondering about yourself, you forgot what you came here to be part of
  • #752,822
  • Jun 19, 2023 5:50am Jun 19, 2023 5:50am
...look @ it another way,

5min below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #752,823
  • Jun 19, 2023 5:52am Jun 19, 2023 5:52am
Quoting Headland
...look @ it another way, 5min below {image}
Lol at least your images are waaay easier to comprehend than your shorthand that can deliver a migraine too easily for comfort
  • #752,824
  • Jun 19, 2023 5:54am Jun 19, 2023 5:54am
Quoting pedro319
I am buying this pair until we reach 1.2835. After that, selling only.
This is done and sold.
We watch the charts from every angle so you don't have to!!
  • #752,825
  • Jun 19, 2023 5:59am Jun 19, 2023 5:59am
Quoting BrainBucks
{quote} Lol at least your images are waaay easier to comprehend than your shorthand that can deliver a migraine too easily for comfort
Key:

Referring to support or resistance;
Sbr = support becomes resistance
Rbs = resistance becomes support
Supp = support
Res = resistance
Pot = potential
Prev = previous

Referring to 3 candle fractals;
Sw = swing
Lo = low
Hi = high
H = fractal swing hi
L = fractal swing lo
LL = fractal swing lower lo
HH = fractal swing higher hi
LH = fractal swing lower hi
HL = fractal swing higher lo

Referring to trend lines;
T/line = trend line
Asc = ascending/rising
Desc = descending/falling

Referring to pip ranges;
Adr = average daily range
Awr = average weekly range
Amr = average monthly range

Other;
Dly = daily
Wkly = weekly
Mthly = monthly
G/M = good morning
G/A = good afternoon
G/L = good luck
Osc (s) = oscillator (s)
Div = oscillator divergence from price
o/b = overbought oscillator reading
o/s = oversold oscillator reading
p/back = pullback/retrace
b/o = breakout
ppa = potential problem area
ext = extension

I put the rectangles denoting near-term previous obvious fractal swing hi's and lo's, as well as fibs and trend lines on the chart manually, and adjust manually as price discovery takes place, but the pivots are automatic via an indicator, ie Dly pivot, Dly S1, Dly R1 etc...
Trader with an Edge.
  • #752,826
  • Jun 19, 2023 6:05am Jun 19, 2023 6:05am
Quoting Headland
...there is no such thing as the present..we live in the past as the present is momentary/fleeting...
Wait.One Minute. Pat Chiko comes from the future. Therefore, when he is in our present, he is living in his past. And if we accept that there is no such thing as the present, then where, exactly, is Pat Chiko when he is in our present?? Because if the present, which is Pat's past, does not exist, then his past does not exist. So if he is neither here nor there, then he must be in the future.
To free Gazans of Hamas, use whatever it takes.
  • #752,827
  • Jun 19, 2023 6:05am Jun 19, 2023 6:05am
The question now is...
Is 2800 a launchpad or deep hole?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_2023-06-19-12-03-23-96_40deb401b9ffe8e1df2f1cc5ba480b12.jpg Size: 198 KB
  • #752,828
  • Jun 19, 2023 6:14am Jun 19, 2023 6:14am
Quoting pipfarm
GU H1 is in a downside correction against H4 and H4 is in an upside swing in the same direction as D1 So currently longs still favoured with entries from H1 unless H4 also moves into a downside correction against D1 moving up then stand aside for me.

H1 and H4 are now in a correction against D1 - no trade for me
Follow The Markets Structure - Patience and Discipline
  • #752,829
  • Jun 19, 2023 6:20am Jun 19, 2023 6:20am
Compression Retracement, then UP resumes?
More time in the market, does not mean you trade better!
  • #752,830
  • Jun 19, 2023 6:23am Jun 19, 2023 6:23am
Quoting DrDave
{quote} Wait.One Minute. Pat Chiko comes from the future. Therefore, when he is in our present, he is living in his past. And if we accept that there is no such thing as the present, then where, exactly, is Pat Chiko when he is in our present?? Because if the present, which is Pat's past, does not exist, then his past does not exist. So if he is neither here nor there, then he must be in the future.
Hi, Lol! But we don't have a present so Pat is living in his future, the only time-term that no one has yet proved, that anyone (other than Pat obviously,) has ever been to or lived in. When Pat is in our past he is in his future, apparently!
Trader with an Edge.
  • #752,831
  • Jun 19, 2023 6:25am Jun 19, 2023 6:25am
looking for any absorption around Friday's POC next still a good amount of passive buyers just above
if we dont get a reaction there then i'll forget buys for today
hopefully not like a scenario couple weeks ago where the POC was in the 90s but the round number supported for a monster trade
Attached Image (click to enlarge)
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  • #752,832
  • Jun 19, 2023 6:30am Jun 19, 2023 6:30am
Quoting BrainBucks
The question now is... Is 2800 a launchpad or deep hole? {image} {image}

bigger question is will it ever get to 128 lol
Insane in the Brain..
  • #752,833
  • Jun 19, 2023 6:34am Jun 19, 2023 6:34am
Quoting BeeTogether
{quote} bigger question is will it ever get to 128 lol
Besides hoping so cos I'm obviously short, I actually do think it's too closeby not to happen today.
  • #752,834
  • Jun 19, 2023 6:35am Jun 19, 2023 6:35am
Quoting BeeTogether
{quote} bigger question is will it ever get to 128 lol

Now BrainBucks magnet is going to activate on 1.28 and it won't go anywhere!
  • #752,835
  • Jun 19, 2023 6:36am Jun 19, 2023 6:36am
Quoting BrainBucks
{quote} Besides hoping so cos I'm obviously short, I actually do think it's too closeby not to happen today.
me too.. bank holiday in the U.S. and general slow day, can’t see much of a further drop.
Insane in the Brain..
  • #752,836
  • Jun 19, 2023 6:38am Jun 19, 2023 6:38am
Quoting Headland
...look @ it another way, 5min below {image}
...looks like 2nd 5min b/o of that falling wedge was false too! The 5min + reg (regular as opposed to hidden) bullish div @ the prev 1hr sw hi zone = prev res = pot rbs saw demand come in. No 15min + bullish hidden div though on my osc's which would have made it an A1 set-up for me re risk.

5min below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Trader with an Edge.
  • #752,837
  • Jun 19, 2023 6:39am Jun 19, 2023 6:39am
Quoting dantpm
{quote} Now BrainBucks magnet is going to activate on 1.28 and it won't go anywhere!
Oh good lawwd I sure as hell hope not!
  • #752,838
  • Jun 19, 2023 6:49am Jun 19, 2023 6:49am
1.2817-20 VWAP area chance for a final drop
otherwise, i missed the buy cause i moved my stop up too quick
could quite easily be a false breakout though


hold up what's this 'Juneteenth?'
Never heard of that?
Real holiday?
  • #752,839
  • Jun 19, 2023 6:57am Jun 19, 2023 6:57am
Quoting mysterio
1.2817-20 VWAP area chance for a final drop otherwise, i missed the buy cause i moved my stop up too quick could quite easily be a false breakout though hold up what's this 'Juneteenth?' Never heard of that? Real holiday?

Juneteenth (officially Juneteenth National Independence Day) is a federal holiday in the United States commemorating the emancipation of enslaved African Americans.
in wondering about yourself, you forgot what you came here to be part of
  • #752,840
  • Jun 19, 2023 6:59am Jun 19, 2023 6:59am
Quoting knkie
{quote} Juneteenth (officially Juneteenth National Independence Day) is a federal holiday in the United States commemorating the emancipation of enslaved African Americans.
Got it,spent the last 10 mins reading about it
must be new
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