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Cable Update (GBPUSD)

  • #756,121
  • Jul 5, 2023 9:47am Jul 5, 2023 9:47am
Quoting pipfarm
Very tricky but for sure its a fake out, as i always say corrections manifest in all sorts of patterns very hard to gauge but for sure gold and GU Complete fake outs with the push up on H1
Will get these corrections right one day but generally i stay away,

When you see the beginning of a correction via ma cross or whatever else you use A is normally straight forward straight down or up the B is the killer because it can manifest in several patterns as it is a correction itself and C should be straight forward up or down

Gold and Gu i misjudged the beginning of the correction hence why i do not trade them but eventually they panned out

Gold A abc Now in C

GU A was straight down B was a bit tricky with the abcde expanding triangle an C down now should be straight forward.

H4 gave the alert for the correction and H1 showed the subs
Follow The Markets Structure - Patience and Discipline
  • #756,122
  • Jul 5, 2023 9:55am Jul 5, 2023 9:55am
Quoting Bella.al
New Position Short GBPUSD:1.27312 S/L:1.27560 T/P (max):1.24431 Bella's Blue (beta v1.7 ) {image}
Quick update on the position .

So i went Short on GBPUSD at Bella's 13:38 GMT on Bella's Reversal Date 05.07.2023 due to Time Squaring Date . Currently i have a resistance line
which should keep the pressure on Bulls . I am also waiting to start trailing waiting for price targets.
Resistance on Chart : 1.27226 frm 03.07.2023

Bella's Blue ( beta ver 1.7 )
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #756,123
  • Jul 5, 2023 9:58am Jul 5, 2023 9:58am
Honestly speaking, I have 0 clue where will GU go.
Daily looking to be bullish candle, H4 current not showing any proper directions.
Bulls kinda pushing it up again. :/
Exhausted
  • #756,124
  • Jul 5, 2023 9:58am Jul 5, 2023 9:58am
cmon bulls!
dont you ever revisit my entry again!
  • #756,125
  • Jul 5, 2023 9:59am Jul 5, 2023 9:59am
Quoting Whale
{image}
I'm adding buys too.
Price kinda bounced at 61.8% fib retracement of earlier bullish moves.
Now monitoring to see if it's planning to drop or go up
Exhausted
  • #756,126
  • Jul 5, 2023 10:03am Jul 5, 2023 10:03am
W1 PA looking bullish af
be a thinker before being a reacter
  • #756,127
  • Jul 5, 2023 10:06am Jul 5, 2023 10:06am
Quoting GODofMC
{image} fuck, the first person in charge above is missing to nowhere after several minutes {image} must be the work of illuminati!!
Or how about the result of a system that is based on either guessing or that is Lotto based. That is, it has a high probability of losing, but the rare win that is made is quite large, enabling a sudden appearance at the top of the Leaderboard.
To free Gazans of Hamas, use whatever it takes.
  • #756,128
  • Jul 5, 2023 10:09am Jul 5, 2023 10:09am
Quoting DrDave
{quote} Or how about the result of a system that is based on either guessing or that is Lotto based. That is, it has a high probability of losing, but the rare win that is made is quite large, enabling a sudden appearance at the top of the Leaderboard.
and it look like my time has come too
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #756,129
  • Jul 5, 2023 10:10am Jul 5, 2023 10:10am
Quoting Elysion
{quote} I'm adding buys too. Price kinda bounced at 61.8% fib retracement of earlier bullish moves. Now monitoring to see if it's planning to drop or go up
I’m out at BE..

Im afraid of long because daily down pattern.. so after 10 pips I take it to BE and it hit
but I still follow possible long flip if 1.275 fall
  • #756,130
  • Jul 5, 2023 10:12am Jul 5, 2023 10:12am
Quoting Whale
{quote} I’m out at BE.. Im afraid of long because daily down pattern.. so after 10 pips I take it to BE and it hit
My SL is at 1.27, looking to hold for at least 1 - 2 more hours before I close everything.
I was kinda busy and not looking at the charts for the hour or so and it crashed on me.
Otherwise I would've joined the selling ride for 30 pips.
Exhausted
  • #756,131
  • Jul 5, 2023 10:17am Jul 5, 2023 10:17am
Quoting GEfx
{quote} I'm busy today with 4th of July activities, but I did just read this post. I have to say, this is the funniest thing I've seen on FF in quite a while. Peter, if you have to say it, it isn't true! Trade well, all you modern people!
Peter, I'm going to start calling you Fredo, as in Fredo Corleone in The God Father 2..."I'm smart!" LOL, sure, you understand things.

I do not want to take this thread into the ditch, so I will not respond to Peter here. He does enough damage without being encouraged by me. But, in summary, Peter is a fake, a liar and a fraud (btw, a fraud is someone who is deceitful in an attempt to achieve personal gain (in this case, Peter's "online persona"). Good luck guys and if I have something GBP-related to contribute, I'll swing by and offer up some comments.
  • #756,132
  • Jul 5, 2023 10:22am Jul 5, 2023 10:22am
Quoting Whale
{quote} I’m out at BE.. Im afraid of long because daily down pattern.. so after 10 pips I take it to BE and it hit but I still follow possible long flip if 1.275 fall
A pity Whale, you had a beautiful entry. As for me I would love to have beautiful entries and usually my first trade not good.
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #756,133
  • Jul 5, 2023 10:25am Jul 5, 2023 10:25am
1.2760
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #756,134
  • Jul 5, 2023 10:35am Jul 5, 2023 10:35am
Quoting Wavegarrick
{quote} A pity Whale, you had a beautiful entry. As for me I would love to have beautiful entries and usually my first trade not good. Cheers. {image}
Ikr, the entry look pretty promising.
Although it kinda took sometime to play out.
Exhausted
  • #756,135
  • Jul 5, 2023 10:35am Jul 5, 2023 10:35am
Quoting Whale
{image}
Nice coincidence, I have the exact entry too.
Face 'ur fears & tame 'ur greed
  • #756,136
  • Jul 5, 2023 10:40am Jul 5, 2023 10:40am
Quoting Elysion
{quote} Ikr, the entry look pretty promising. Although it kinda took sometime to play out.
Yes I agree with you. There is usually a high degree of volatility before price moves in the intended direction.
Cheers.
Trade to trade another day
  • #756,137
  • Jul 5, 2023 10:44am Jul 5, 2023 10:44am
Quoting Robinhood1
I think this is the last high we gonna see for a while
I have several short posiciones plus the ones from last friday, between 1.2723 and 1.2698. it may take some time now.
POSTMASTER
  • #756,138
  • Jul 5, 2023 10:45am Jul 5, 2023 10:45am
Quoting TheWraith
USD/JPY Buy @ 144.200 SL @ 144.085 (Buying at the bottom of the Range, majority of traders still Short). {image}
I hate this shit. Slightly larger SL (2 pips more) and I would be in profit 30 pips by now. SL hit.
Now that I think about it, SL will be far away from now on, basically just in case if some nuke drops and market goes crazy.
  • #756,139
  • Jul 5, 2023 10:45am Jul 5, 2023 10:45am
Quoting Whale
{quote} I’m out at BE.. Im afraid of long because daily down pattern.. so after 10 pips I take it to BE and it hit but I still follow possible long flip if 1.275 fall
Sad to know, the range is tilting to a bullish breakout. LO session was giving bearish clues but bears failed to deliver. Now NY session flipped to test yesterday's high.

FOMC anticipation is holding price, let's keep a wide SL of atleast 10pips from a good entry or stayout.
Face 'ur fears & tame 'ur greed
  • #756,140
  • Jul 5, 2023 10:48am Jul 5, 2023 10:48am
lol, I guess back into ranging till FOMC
Exhausted
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