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Cable Update (GBPUSD)

  • #757,121
  • Jul 10, 2023 7:24am Jul 10, 2023 7:24am
watchout 2760/50 for a possible bounce
Intraday only.
  • #757,122
  • Jul 10, 2023 7:29am Jul 10, 2023 7:29am
Quoting Wittstack
{quote} Which timeframe is this?
1hr Mini waves in Roman numbers and Mini Mini waves (Roman Numbers within Bracket)
4hr bigger wave [Purple Circle (Impulsive) and Blue (corrective)]- Swing
4hr Zoom Out (Trend) and/or Daily Bigger Bigger Wave. [ Violet (Imp) and Brown(Corrective)]- Trend

My lowest timeframe i go is 30mins, but i dont count waves on 30mins. The lowest i go is 1hr, and see the story there, it seems to work for me.

Because each timeframe project a different story,

Ans to your question:
Timeframe: 1hr

Explained it for understanding the chart and we can learned from each other
More time in the market, does not mean you trade better!
  • #757,123
  • Jul 10, 2023 7:34am Jul 10, 2023 7:34am
Quoting Moty
{image} {image}
All out!!!
130 $ profit on that last trades
Only -11 $ from 270 $ at the start of the week
Attached Image (click to enlarge)
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yes yes yes
  • #757,124
  • Jul 10, 2023 7:38am Jul 10, 2023 7:38am
Quoting Pat Chiko
GOLD A correlation coefficient of +1 indicates that the pairs move in the same direction perfectly. Not all the time these two assests are correlated. PAT{image}
GOLD

Partial TP
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,125
  • Jul 10, 2023 7:46am Jul 10, 2023 7:46am
Quoting Pat Chiko
{quote} GOLD Partial TP{image}
Was on the same boat
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #757,126
  • Jul 10, 2023 7:48am Jul 10, 2023 7:48am
Quoting Bogdanoff
trying long GJ {image} maybe im wrong trade safe cheers
GJ move SL at BE

Buy GU 2755
Could be wrong
Trade safe
Cheers
my loss is your gain
  • #757,127
  • Jul 10, 2023 7:49am Jul 10, 2023 7:49am
Quoting Pat Chiko
UJ As for this par, it has filled the Daily FVG level and may want to start into getting the supply level above for Liquidity There is a threat of intervention by Japanese authorities could keep USD/JPY’s upside in check. With USD fell broadly after the US data with the fewest jobs in more than two years, with chances for the Fed to raise interest rates later this month. YEN found its strong support on Last Friday. A high chance of a 25 basis points rate hike at the July 25-26 FOMC meeting. {image}
UJ

Bounce off FVG/RSF zone
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,128
  • Jul 10, 2023 7:51am Jul 10, 2023 7:51am
Quoting Pat Chiko
{quote} EJ Hello, I have a question about your short trade for 15 pips. The one-hour candle spiked up 24.8 pips, then went down to your target. It seems to me that the risk is higher than the reward. Am I wrong? From what I can see, the structure is making bullish pressure with the formation of a higher-low price action. The move down is only to get some liquidity to fuel the move up. Can you help me ( struggling newbie) to understnad, why you went for a high-risk short for such small pips? Is there a reason you believe the stop-loss will not be...
EJ

Almost get kick out of the trades.
(some luck)
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,129
  • Jul 10, 2023 7:53am Jul 10, 2023 7:53am
Quoting Godspromise
{quote} my brother your kind words of wisdom has increased my learning sometimes i want to collect big profits one time when I can collect alot more by using your method
TBH brother, aint nothing come close to wisdom.
Just simply saw how PAT did it and do it the same.

You see, once i saw a video and it says when you are at your 20s and you enter any industry, you will be competing against 40 year old dude who became millionaire in this industry and with experience.
Many people agreed.

Well, i disagree with that video but that arsehole video editor who posted this video blocked me, simply because i said instead of trying to compete with these experienced N*ggas, simply learned sh*ts from them and do it the same, you will be way ahead of you trying to compete with 'em.

There are some industry where you will indeed need creativity to grab market share, but that added value to your product/service does not change the fundamentals of the industry.

Unless it is the Next Amazon, Microsoft or Apple, where you create a product/service then you create a market for it, then you monetized it.
More time in the market, does not mean you trade better!
  • #757,130
  • Jul 10, 2023 7:53am Jul 10, 2023 7:53am
Quoting ScalaFX
GOLD short opened 1914.50, pendings 1916, 1918, 1920
patience is the key, when you know what you are doing and you stick to your plan and strategy, you can win always closed partial, last only 1920 and protected
People don't plan to lose. They lose because they don't plan.
  • #757,131
  • Jul 10, 2023 7:56am Jul 10, 2023 7:56am
Quoting Pat Chiko
EU is following GU ? {image}
Last Selling Candle before BOS is considered Order Block, but since it was already mitigated by the third candle, do think it is still valid?
With courage, patience, and discipline, success is a matter of time.
  • #757,132
  • Jul 10, 2023 7:58am Jul 10, 2023 7:58am
Quoting SkullCandy
{quote} Was on the same boat {image}
Your boat is faster than mine.
I only got very small boat.

Here's my boat only using wind power with no engine.......

Look at the arrow only, that's my boat...
Attached Image (click to enlarge)
Click to Enlarge Name: boat.jpg Size: 119 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,133
  • Jul 10, 2023 7:59am Jul 10, 2023 7:59am
Quoting GEfx
Peter, here is my quick analysis of the GBP/USD. The GBP is currently showing strength against the USD. This might go on for a while, but the long term trend for this pair is down. I think the current move up is actually reflective of GBP weakness, in that (IMHO) the move is representative of repatriation of GBPs in advance of upcoming economic weakness in the UK. So from a 4H narrative perspective, we are seeing a tradable 4H retracement that will eventually turn back down and move to new lows. That is just my opinion, and is influencing how I...
The G$ is retracing and I have two trades in, one at 1.2793 and the other at 1.2784. Stop is now at 1.2788, or about BE. Targeting 1.2742.
  • #757,134
  • Jul 10, 2023 8:01am Jul 10, 2023 8:01am
expect price to retrace around 2790/2800 for a drop.
Intraday only.
  • #757,135
  • Jul 10, 2023 8:03am Jul 10, 2023 8:03am
Quoting navk
expect price to retrace around 2790/2800 for a drop.

70-80 could also resist
  • #757,136
  • Jul 10, 2023 8:04am Jul 10, 2023 8:04am
Quoting Pat Chiko
{quote} Your boat is faster than mine. I only got very small boat. Here's my boat only using wind power with no engine....... Look at the arrow only, that's my boat...{image}
LOL , your boat ... I love it
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #757,137
  • Jul 10, 2023 8:06am Jul 10, 2023 8:06am
i am trying to scalp 10 pips up
Very risky
Attached Image(s) (click to enlarge)
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yes yes yes
  • #757,138
  • Jul 10, 2023 8:07am Jul 10, 2023 8:07am
Quoting Eren10
{quote} 70-80 could also resist
2780..may resist too
Intraday only.
  • #757,139
  • Jul 10, 2023 8:07am Jul 10, 2023 8:07am
Quoting JameRomeo168
{quote} Last Selling Candle before BOS is considered Order Block, but since it was already mitigated by the third candle, do think it is still valid?
EJ

The acctual mitigation happened on last Friday.
I usually use Daily/H4 for my set up.
LTF are only for N3
Attached Image (click to enlarge)
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However, as I've posted earlier, thereis arisk of BOJ intervene. Thus you can see all YEN related pairs reluctant to move.
Maybe it's good to let YEN makes it real move, as hedge fund manager are putting their money in USD crosses or/and Index like S&P500
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,140
  • Jul 10, 2023 8:11am Jul 10, 2023 8:11am

Pound nailed gold left to take me below 10 to be the happiest piggy on this forum
average dude treading water
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