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Cable Update (GBPUSD)

  • #754,121
  • Edited 10:35am Jun 25, 2023 10:19am | Edited 10:35am
Quoting dantpm
{quote} You are also one of the first people to point out how the markets often don't react as expected! I appreciate your charts. I would like to ask specifically about the Thursday news spike and if that was buried in the trend analysis or considered as an anomaly that changed your perception. Since that spike would have triggered stop losses and pending orders, my thought is that there is an opportunity for the market to move higher than you have suggested. Just a thought.
dantpm, I couldn't find the post you are talking about. Please, help me. I always have 2 scenarios that may happen on 30M TF IMO. On Thursday morning I decided to play the bearish Gartley pattern. Only one order was filled @1.2828, less than 3 pips before the 0.886 retracement level.
As you know, I'm not smart enough to reinvent the wheel, so I use other traders'/educators' work (yes, you can say I copy other people's strategy, and I'm not ashamed of it)
Here is my chart from the morning.
Attached Image (click to enlarge)
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Here is what I used as my guide. Revers for a bearish Gartley pattern.
Attached Image (click to enlarge)
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You can read more about how this guy's trading harmonics at this link https://school.stockcharts.com/doku....monic_patterns
Always trade your own plan...I don't provide trading signals.
  • #754,122
  • Jun 25, 2023 10:32am Jun 25, 2023 10:32am
Quoting Coreg2004
{quote} dantpm, I couldn't find the post you are talking about. Please, help me. I always have 2 scenarios that may happen on 30M TF IMO. On Thursday morning I decided to play the bearish Gartley pattern. Only one order was filled @1.2828, less than 3 pips before the 0.886 retracement level. As you know, I'm not smart enough to reinvent the wheel, so I use other traders'/educators' work (yes, you can say I copy other people's strategy, and I'm not ashamed of it) Here is my chart from the morning.{image} Here is what I used as my guide. Revers...
I was looking at your post above (754,124) and seeing the c as a potential target. My thought is that the short term target should probably be above 1.283 level if it is going to rise. At this time I can also see it going into consolidation or even dropping more to trap more traders before moving up.
  • #754,123
  • Edited 12:47pm Jun 25, 2023 10:44am | Edited 12:47pm
Quoting Headland
...price, on the last drop to current dly lo, poked just below that prev 1hr/minor 4hr sw hi zone = prev res = pot rbs discussed earlier. 117% 30day adr traveled so far today. 1hr below {image}
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  • #754,124
  • Jun 25, 2023 11:05am Jun 25, 2023 11:05am
Quoting tiborf71
if the price breaks the 1.26805 level, the hopes of the bulls will end. long.1.27104 sl. 1.26750
my plan for next week in short. If the price breaks the support level, I will switch to a short position.

we'll see.
  • #754,125
  • Jun 25, 2023 12:56pm Jun 25, 2023 12:56pm
Quoting Wavegarrick
{quote} 1.27272 has held today and so has 1.27000. For now it is all about which level breaks. My trades from this morning, I have closed some weaker trades and got into better positions. Anything can happen at this moment. Have a great weekend, Cheers. {image}
Possible pull back to my future weekly pivot just below 1.27500 and test of 1.26000 ish in the coming week for sell trades. We are heading towards the end of the 2nd quarter so 1.25000 could also be in the equation. A solid daily break above 1.27500 could ignite bulls for 1.300000. End of month and 2nd qtr should see volatility.
I wish all green pips in the coming week.
Cheers.
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Trade to trade another day
  • #754,126
  • Jun 25, 2023 2:08pm Jun 25, 2023 2:08pm
See the weekend rates don't mean anything, back to where it was friday
  • #754,127
  • Jun 25, 2023 2:14pm Jun 25, 2023 2:14pm
Quoting shakmoney
See the weekend rates don't mean anything, back to where it was friday
in a way they do, if the weekend rates stayed below 127 then it’s bearish for a bit. However as they have gone above it’s uncertain. 45 mins till open let’s see where it goes
Insane in the Brain..
  • #754,128
  • Jun 25, 2023 2:24pm Jun 25, 2023 2:24pm
Quoting Ferna
I quote: "Part of the report published already last week also laid out a "game changing" blueprint for an evolved financial system where central bank digital currencies and tokenised banking assets speed up and smarten up transactions and global trade." Anyone think this will be tradeable? that you will somehow technically get around the requirements of your own hard work, which will make up the value of CBDC's? Who here still thinks this is a "conspiracy-theory", and that somehow everything will return to normal? and that the market has a say in...
This guy sums it all up. Definitely suggest you watch it.
It's not long, but it's worth every minute of the video.

For others, this isn't supposed to be offensive, rather, illuminating.

Inserted Video
  • #754,129
  • Jun 25, 2023 3:32pm Jun 25, 2023 3:32pm
If you are tracking the GBPUSD this week, consider this technical perspective from a medium-term swing trader. GBPUSD price action is sideways a few pips above the 1.26690 horizontal support area (blue). Although the dominant technical structure is bearish, we cannot rule out a northward liquidity sweep before a bearish continuation.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #754,130
  • Jun 25, 2023 3:39pm Jun 25, 2023 3:39pm
Quoting Ferna
I quote: "Part of the report published already last week also laid out a "game changing" blueprint for an evolved financial system where central bank digital currencies and tokenised banking assets speed up and smarten up transactions and global trade." Anyone think this will be tradeable? that you will somehow technically get around the requirements of your own hard work, which will make up the value of CBDC's? Who here still thinks this is a "conspiracy-theory", and that somehow everything will return to normal? and that the market has a say in...
from my perspective my guy you entered a phase where we can all say why think and do things that will happen in 2 years in 3 years because we can die tomorrow, yes we can die tomorrow but as human beings we should think and do as we will live for 40-50-60 more years, and today you just woke up and thought well forex trading might change and i will find some stupid shit to say maybe someone will agree, but no noone agreed with you and what you said it doesnt make a single point where forex trading will be closed, yes forex will get new technology and smart system but we will learn the new system how to trade it because thats how the market makes money, they dont make money by screwing eachother but by screwing you and me and every single retail. So stop with the bullshit ,learn how to make money and get of this political bullshit
  • #754,131
  • Jun 25, 2023 4:05pm Jun 25, 2023 4:05pm
Watch out for Canadian Dollar pairs this week.
My telegram: https://t.me/avidforex
  • #754,132
  • Edited 5:46pm Jun 25, 2023 4:42pm | Edited 5:46pm
Quoting ylltahiri
{quote} from my perspective my guy you entered a phase where we can all say why think and do things that will happen in 2 years in 3 years because we can die tomorrow, yes we can die tomorrow but as human beings we should think and do as we will live for 40-50-60 more years, and today you just woke up and thought well forex trading might change and i will find some stupid shit to say maybe someone will agree, but no noone agreed with you and what you said it doesnt make a single point where forex trading will be closed, yes forex will get new technology...
Read the mechanics and how a debt-based system works. Who cares about if anyone agrees with me, my agreeableness does me little.

Now tell me how to transfer debt to a system that won’t be based on debt.
Voila! -You are broke.
You have an IQ lower than 90 if you interact with this user.
  • #754,133
  • Jun 25, 2023 5:19pm Jun 25, 2023 5:19pm
Dollar drop alot, euro up.
wasnt the opposite supposed to happen

Uk forgotten russia in spotlight. Travel to. 1,30?
You have an IQ lower than 90 if you interact with this user.
  • #754,134
  • Jun 25, 2023 5:19pm Jun 25, 2023 5:19pm
Watch out
CADCHF LONG…. Starting point
USDCAD SHORT mid point
CADJPY LONG finish point.

Good Luck!
My telegram: https://t.me/avidforex
  • #754,135
  • Edited 6:05pm Jun 25, 2023 5:34pm | Edited 6:05pm
Quoting Bella.al
{quote} Yay, for now i am saved also positive territory. waiting to see how the broker ends the week. Just to repeat what i did , Traded at 13:38PM GMT on 23.06.2023 Long as Time has Squared Date . Bella's Support : 1.26914 has been a great support. I have lots of work in the weekend , work on Bella's Hot Zones ( Pivot Points) , Bella's Date Forecasting ( Gann Square of 9 ) and Bella's Trend-0.25 (Elliot waves ) Have a Nice Weekend. Bella's Blue beta v1.6 b {image}
Hello,

Back from Weekend , Quickly going to revise the position parameters.

Went Long on Friday GBPUSD at Bella's 13:38 PM GMT Due to Bella's Date Forecasting ( 23.06.2023 ) , I had a match ( Time Squaring the Date ).

Looking at the charts i have got such figures

Bella's Support : 1.26914
Bella's Price Objective 1 : 1.27835
Running P/L as i write this : +11 Pips

Bella's Blue (Beta v 1.6 .b )
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #754,136
  • Jun 25, 2023 5:35pm Jun 25, 2023 5:35pm
Quoting BigNumbers
Watch out CADCHF LONG…. Starting point USDCAD SHORT mid point CADJPY LONG finish point. Good Luck!
USDCAD
Too many lines. I left the higher time frame analysis on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: E4481FDC-8A6C-4253-86DD-A78C0D933713.png Size: 85 KB
My telegram: https://t.me/avidforex
  • #754,137
  • Jun 25, 2023 5:53pm Jun 25, 2023 5:53pm
The start of a move is always choppy, the mid point of a move is smooth while the finish line is also smooth but must be traded with care.
I have presented the 3 conditions above.
My telegram: https://t.me/avidforex
  • #754,138
  • Jun 25, 2023 6:02pm Jun 25, 2023 6:02pm
Quoting BigNumbers
The start of a move is always choppy, the mid point of a move is smooth while the finish line is also smooth but must be traded with care. I have presented the 3 conditions above.
this is a no-brainer trade. The only problem is setting stoplosses before falling asleep.
just wondering if equities could go up too?
You have an IQ lower than 90 if you interact with this user.
  • #754,139
  • Edited 6:56pm Jun 25, 2023 6:35pm | Edited 6:56pm
Quoting Ferna
{quote} this is a no-brainer trade. The only problem is setting stoplosses before falling asleep. just wondering if equities could go up too?

The Algorithm might want to secure the orders in this position today by drifting far away from the entry point before the news tomorrow. So it may likely use the news to figure out how to put more money into the market that’s if there is already a balance in today’s trading. I use very bogus time frames for my analysis. If you check CADJPY no insane person should buy CADJPY from where it currently is but I see differently now. I’m not perfect, no system is perfect. If there is a balance after today’s trading, The market will assume an equilibrium state in order to collect data from participants and then decide the next direction.


The Algorithm is simply looking for balance not even wanting to take anyone’s money. In the process of trying to make the system function in a steady state, there is a “disturbance” that seems like a manipulation but it is actually NOT a Manipulation.

These photos below shows what the Algorithm thinks. One is a state of equilibrium “consolidation” and the other state is when the weight is in excess to one direction then Prices will move….
Attached Image(s) (click to enlarge)
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My telegram: https://t.me/avidforex
  • #754,140
  • Jun 25, 2023 6:36pm Jun 25, 2023 6:36pm
Quoting Bella.al
{quote} Hello, Back from Weekend , Quickly going to revise the position parameters. Went Long on Friday GBPUSD at Bella's 13:38 PM GMT Due to Bella's Date Forecasting ( 23.06.2023 ) , I had a match ( Time Squaring the Date ). Looking at the charts i have got such figures Bella's Support : 1.26914 Bella's Price Objective 1 : 1.27835 Running P/L as i write this : +11 Pips Bella's Blue (Beta v 1.6 .b ) {image}


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