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Cable Update (GBPUSD)

  • #764,421
  • Aug 4, 2023 10:36am Aug 4, 2023 10:36am
Quoting pipfarm
{quote} It is possible but the picture you present is only looking at a very small segment of the larger market in play {image}
That's all I need,
my view is bigger than yours because I read much higher tfs
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #764,422
  • Aug 4, 2023 10:40am Aug 4, 2023 10:40am
Quoting Coreg2004
{quote} Fardeen, lovely analysis. You are on the fast track to be very good at it. {image} here is the end of the possible move with 2 zones for the end of potential wave 5.{image}
Thanks sir
The way i see it is Equal highs taken as inducement, with Unmitigated Supply zone above with external downward structure (4hr) still intact
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If today would not be Friday, i would be shorting it. But i have already balance my weekly balance sheet, now just doing nothing.

Weekends are boring
More time in the market, does not mean you trade better!
  • #764,423
  • Aug 4, 2023 10:44am Aug 4, 2023 10:44am
That's my view,
the choice is yours, hammer or hangman,
on the daily I read morning star VERY high probability it WILL go higher than the current price.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #764,424
  • Aug 4, 2023 10:50am Aug 4, 2023 10:50am

  1. If price closes above 1.28x region, monday could start with a bull run to 1.29x, barely any resistance between these levels

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  • #764,425
  • Aug 4, 2023 10:52am Aug 4, 2023 10:52am
GBP/USD Weekly Chart

Weekly Candle closing above Support.
Attached Image (click to enlarge)
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  • #764,426
  • Aug 4, 2023 11:00am Aug 4, 2023 11:00am
Quoting DrDave
{quote} Is Coors beer?? I have heard otherwise. . .
Flavored rice alcohol
  • #764,427
  • Aug 4, 2023 11:33am Aug 4, 2023 11:33am
Quoting Wavegarrick
{quote} I am currently in some sell trades for another push down towards 1.2550 and hopefully 1.25000. It becomes risky the lower we sell so please do your due diligence. Cheers. {image}
any chance of an update on this chart Leon, usually you would have posted by now...
  • #764,428
  • Aug 4, 2023 11:38am Aug 4, 2023 11:38am
Quoting LetsGoPitt
I'm out! My Elliott Wave analysis still stands . Now I'm only one trade away to becoming a funded trader. My plan is to wait this out and buy the new pullback, because I think that in this instance it won't matter whether the new wave is going to be A/1. That is if everything goes according to my plan . GBP/USD 4H {image} EUR/USD 4H There was a better setup on the EUR/USD. Bullish divergence before price went up. {image} Have a good weekend!
LetsGoPitt, there is still the chance for wave C to be an ending diagonal.
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Always trade your own plan...I don't provide trading signals.
  • #764,429
  • Aug 4, 2023 11:52am Aug 4, 2023 11:52am
Quoting Coreg2004
{quote} LetsGoPitt, there is still the chance for wave C to be an ending diagonal. {image}
Alright. I'll keep that in mind! Thanks for the input.
  • #764,430
  • Edited 1:14pm Aug 4, 2023 11:56am | Edited 1:14pm
Quoting TheWraith
{quote} Is it better to use candles or line chart? Or perhaps those weird candles showing only where price has closed and opened? I don't know if wicks are important also..
Use whatever helps you to interpret what you view on your screen. Note that when I am doing my analysis, I have neither price bars nor line chart visible but only lines that are a proxy for price that give me a "smoothed view" to reduce cognitive load.
To free Gazans of Hamas, use whatever it takes.
  • #764,431
  • Edited 1:15pm Aug 4, 2023 11:58am | Edited 1:15pm
Quoting Waveskierrob
{quote} Peter "you have no selfawarness"...
Is it possible to be aware that you have no self awareness?? Maybe that's another addition to the Great Paradox box.
To free Gazans of Hamas, use whatever it takes.
  • #764,432
  • Aug 4, 2023 12:12pm Aug 4, 2023 12:12pm
A perfect example of H&S. Will it play out?
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Target: $100 to $1000
  • #764,433
  • Aug 4, 2023 12:16pm Aug 4, 2023 12:16pm
Rejection before 128 followed by a decent drop to 12750. Not sure if this Friday exhaustion or swing back to bears
Insane in the Brain..
  • #764,434
  • Aug 4, 2023 12:17pm Aug 4, 2023 12:17pm
Quoting T721
{quote} Dont go on you tube much and i dont look at tick. i trade freestyle
If you're using a bar chart, you're looking at tick data.
To free Gazans of Hamas, use whatever it takes.
  • #764,435
  • Aug 4, 2023 12:18pm Aug 4, 2023 12:18pm
Quoting BeeTogether
Rejection before 128 followed by a decent drop to 12750. Not sure if this Friday exhaustion or swing back to bears
No swing back just a pull back testing Support that was Resistance Monday it's heading up mid 28...
average dude treading water
  • #764,436
  • Aug 4, 2023 12:22pm Aug 4, 2023 12:22pm
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....still open ...Mr T...whats your tp on the FTSE
  • #764,437
  • Aug 4, 2023 12:26pm Aug 4, 2023 12:26pm
Yes yes yes
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yes yes yes
  • #764,438
  • Aug 4, 2023 12:34pm Aug 4, 2023 12:34pm
Quoting BeeTogether
Rejection before 128 followed by a drop to 12750. Not sure if this Friday exhaustion or swing back to bears
BT, still a few more pips to go if the market will cooperate with the timing.
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Always trade your own plan...I don't provide trading signals.
  • #764,439
  • Aug 4, 2023 12:35pm Aug 4, 2023 12:35pm
Quoting Scotteyy
{quote} He's probs passed out drunk by now, did you not see the mess he was in earlier
i thinK there are worse drugs than alcohol in this thread though.
You have an IQ lower than 90 if you interact with this user.
  • #764,440
  • Aug 4, 2023 12:35pm Aug 4, 2023 12:35pm
Quoting Moty
Yes yes yes {image}
You were hitting them Back2Back.
Welldone
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