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Cable Update (GBPUSD)

  • #763,401
  • Aug 2, 2023 7:32am Aug 2, 2023 7:32am
Quoting carbonmimeti
Time update...GBPUSD 15 min chart....1 day cycle and 2 day cycle. Today or tomorrow setup for inversion, also 1.618 of time of the previous ascent otherwise continuous descent at 21/22nd day. If instead it should go up from 18th to 22nd, then it goes down after... I'm really curious to see how it ends. {image}
from post N 760716
TIMING ROADMAP
my curiosity was satisfied....today N 24 from low of 29 july
In my opinion we will breackout down that low with this monthly cycle
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  • #763,402
  • Aug 2, 2023 7:32am Aug 2, 2023 7:32am
Long taken..expect bounce from here..lower bands daily.
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  • #763,403
  • Aug 2, 2023 7:32am Aug 2, 2023 7:32am
Main S at 1.2575 is closer and closer.
I think 1.263 was the first area where price could bounce off of, however will share the charts when I get Home from Daily and Weekly chart, because on H4 every line is above the candles, so it's useless.
  • #763,404
  • Aug 2, 2023 7:38am Aug 2, 2023 7:38am
Quoting tradexyz
ABCDD {image}
Done Done... dun raven seen the light...chart a lot... never mind where it sunK...
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  • #763,405
  • Aug 2, 2023 7:40am Aug 2, 2023 7:40am
This Daily chart trading is really improving my patience. And results also.
Finally have something to follow strictly and not deviating all the time and changing strategy.

Great stuff!
  • #763,406
  • Aug 2, 2023 7:44am Aug 2, 2023 7:44am
These are the current set ups i am looking at

CHFJPY D1-H1 for entry long
GBPJPY D1-H1 for entry long
GBPCAD D1-H1 for short - see chart in previous post
EURJPY D1-H1 for long
Follow The Markets Structure - Patience and Discipline
  • #763,407
  • Aug 2, 2023 7:45am Aug 2, 2023 7:45am
Quoting arthurbolbos
{quote} CLAIM: Photos show a boy who, at 11 years old, hacked the computer system of a Swiss bank and transferred $75 billion to his father’s account. AP’S ASSESSMENT: False. An Associated Press photo shows the 14-year-old boy was appearing in court for the first time on charges of killing his father, not hacking a bank. Boy in courtroom images was charged with manslaughter, not hacking bank | AP News
An Associated Press photo shows the 14-year-old boy was appearing in court for the first time on charges of killing his father, not hacking a bank.

Oh. Well, probably easy for some folks to get the two things mixed up, seeing how they are nearly the same.
To free Gazans of Hamas, use whatever it takes.
  • #763,408
  • Aug 2, 2023 7:48am Aug 2, 2023 7:48am
ADP is rated a yellow sticker on dailyfx yet it helped open the trapdoor for a significant drop. 12680 looks a weak support this could be a drop for liquidity to move up towards 128-129 especially with BoE and NFP this week. 0.25 is a dead cert can’t see 0.5 so the reaction could be muted and help push the pound down unless there is talks to carry on the rises and a bigger one if things don’t calm down. Either way 130 is out of my view on 4H as but 125-123 is starting to appear
Insane in the Brain..
  • #763,409
  • Aug 2, 2023 7:49am Aug 2, 2023 7:49am
Quoting TheWraith
{quote} You are doing 4:1 reward to risk ratio or?
I don't have a specific RR in the mind it's just whatever the high/low of the day is for my SL and then TP is wherever I think price is going to go which is a combination of ADR and pivot points. At least for my intraday account. I prefer not to take trades that are less than 2:1 in general though.
  • #763,410
  • Aug 2, 2023 7:50am Aug 2, 2023 7:50am
Quoting TheWraith
{quote} Weekly is what? Bearish? My chart tells me it isn't.
Weekly has a swing high in place. That is enough for some folks to call it bearish.
To free Gazans of Hamas, use whatever it takes.
  • #763,411
  • Aug 2, 2023 7:52am Aug 2, 2023 7:52am
Quoting voeltoez
Long taken..expect bounce from here..lower bands daily. {image}
daily lower bands is 2666...buyers must be patient
  • #763,412
  • Aug 2, 2023 7:52am Aug 2, 2023 7:52am
stressful 2 hours, at break even. Now finally in good profits.
Hope japanese stock market dont fall with it
You have an IQ lower than 90 if you interact with this user.
  • #763,413
  • Aug 2, 2023 7:53am Aug 2, 2023 7:53am
Quoting Scotteyy
{quote} I don't have a specific RR in the mind it's just whatever the high/low is for my SL and then TP is wherever I think price is going to go which is a combination of ADR and pivot points. At least for my intraday account. I prefer not to take trades that are less than 2:1 in general though.
Aha. Well, good job! How long have you tested this strategy, is it profitable?

Anyway, keep it up!
  • #763,414
  • Aug 2, 2023 7:55am Aug 2, 2023 7:55am
Quoting pipfarm
These are the current set ups i am looking at CHFJPY D1-H1 for entry long GBPJPY D1-H1 for entry long GBPCAD D1-H1 for short - see chart in previous post EURJPY D1-H1 for long
Apologies edited as i put the wrong t/fs
Follow the routine i posted earlier and check USDJPY 4h-M15 for entry given on chart at 142.78 with a 10 pip stop currently 70 pips up , 7-1 and this swing has only just began as it is H4 origin swing
Follow The Markets Structure - Patience and Discipline
  • #763,415
  • Aug 2, 2023 7:56am Aug 2, 2023 7:56am
Quoting Wavegarrick
{quote} Just sitting back and enjoying the ride Levels I will watch is my 78.6% fib retrace at 1.27081 of the June low to July high and below at 1.22640 - 88.6% retrace for some sort of pullback. Cheers. Edit: Just realized typo. 1.26640 not 1.22640 {image}
Hello my dear friend
Thank you for your good analysis
According to this analysis, do you expect the price to bounce back and correct from the 1.2666 range?
What is the target range of this correction?
Half of the time, the market is building resistance and support levels, and
  • #763,416
  • Aug 2, 2023 7:56am Aug 2, 2023 7:56am
...back @ desk updating charts - nothing better to do on a wet windy day lol! Price has arrived in the 1hr part (lowest part) of the prev 1hr/4hr/minor dly sw lo zone that extends down to 2673/72....Dly S2 @/around current dly lo and 127% 30day adr traveled so far today.

2672, 2662, 2641, 2649, 2626 next downside fibs in the 2600's....some of which shown on chart below.

dly below
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Trader with an Edge.
  • #763,417
  • Aug 2, 2023 7:57am Aug 2, 2023 7:57am
Attached Image (click to enlarge)
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  • #763,418
  • Aug 2, 2023 7:58am Aug 2, 2023 7:58am
Quoting BeeTogether
ADP is rated a yellow sticker on dailyfx yet it helped open the trapdoor for a significant drop. 12680 looks a weak support this could be a drop for liquidity to move up towards 128-129 especially with BoE and NFP this week. 0.25 is a dead cert can’t see 0.5 so the reaction could be muted and help push the pound down unless there is talks to carry on the rises and a bigger one if things don’t calm down. Either way 130 is out of my view on 4H as but 125-123 is starting to appear
ADP is red on ForexFactory. The detail is that it doesn't always agree with other employment indicators. The forecast doesn't reflect seasonal jobs! If you look at the data Fardeen1209 posted, most of the created 'jobs' are seasonal hence not a sign of economic strength yet the dollar rocketed up!
The news is simply a catalyst for the algorithms that move price to move it!
  • #763,419
  • Aug 2, 2023 8:00am Aug 2, 2023 8:00am
bought gu 2685
stop 2680
Intraday only.
  • #763,420
  • Aug 2, 2023 8:03am Aug 2, 2023 8:03am
Quoting navk
bought gu 2685
what is your immediate target just curious
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