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Cable Update (GBPUSD)

  • #765,161
  • Aug 8, 2023 5:01am Aug 8, 2023 5:01am
CHFJPY short. Very fresh

Finally!
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My telegram: https://t.me/avidforex
  • #765,162
  • Edited 5:24am Aug 8, 2023 5:04am | Edited 5:24am
Quoting TheWraith
GBP/USD Daily Chart {image}
The same scenario is on 4hr TF.
On 1hr timeframe (ie internal structure) we clearly had our valid shift in Market structure/Choch. A HL.
But the external Structure (ie on 4hr) not yet broken - Meaning we are still in the down swing.

However, as we can see the possibility for the external structure to be broken (ie a MSS on 4hr tf to be produced) is still possible on the 2nd push.
Why?
Because the mss on the 1hr tf is a valid one- hence act as an accumulation phases.

So when price come from a failed external Market structure shift to retest the BO of 1hr Accumulation phase, a re-accumulation occurs.

There, the possibility for price to shoot up upon retest is higher than a retest of an invalid 1hr mss.

However, even after all these smartass analysis, the chance for the outcome of a trade is still 50-50

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Something which i learn form PAT- took me a while to figure it out.


Edit:
The reading of internal and external structure is very crucial when trading gold.
One of the reason i guess why it really give PAT a sniper entry
More time in the market, does not mean you trade better!
  • #765,163
  • Aug 8, 2023 5:07am Aug 8, 2023 5:07am
Quoting Pat Chiko
{quote} Thank you, Trump, for your input. However, before I respond, I must clarify that you are merely a mouthpiece for Karen. It is clear that you are communicating with her and putting forth her points, as she herself lacks the courage to do so. I suggest you stop being her puppet and start speaking your own mind. Karen posted on Friday and immediately delete it, as she's afraid of me, then instruct you on Saturday to post it for her.. (P/S She's famous to delete post where trade went against her regularly). I hope you will serve your master...
3 thinks Pat.

1. That’s quite a reply from someone who has me on ignore.

2. I have no idea what you are talking about re Wavegarricks post you said was deleted. I support Wavegarrick in the same way other traders support you. I support him, because I have seen him on this forum for a number of years and have respect for his trading approach.

3. I called you a hypocrite, because that is clearly what you are by claiming orthers are fake people looking to portray a fake image.

It doesn’t get much more fake than pretending to be a presenter at a conference that doesn’t exit, using material you found online.
oh wait, yes it does. I think pretending to be a charity worker, posting work done by others years ago, and claiming it as yours, sort of “Trumps” the presenter fake (Pardon the pun)
By the nature of your response, it seems I hit a raw nerve of truth.
Have a good day Pat
Compulsions can be hard to resist
  • #765,164
  • Aug 8, 2023 5:10am Aug 8, 2023 5:10am
Yes yes and yes
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yes yes yes
  • #765,165
  • Aug 8, 2023 5:15am Aug 8, 2023 5:15am
...price now in the 4hr part of that prev 1hr x once tested and held as supp/4hr sw lo zone that extends down to y/day's 2713 lo.

1hr below
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Trader with an Edge.
  • #765,166
  • Aug 8, 2023 5:21am Aug 8, 2023 5:21am
Quoting Pat Chiko
{quote} After reading her posting and trade calls, this fellow appears to be a con artist, just like the experienced trader he learned from (Madoff). He makes calls but is unable to commit to any trades, making wild guesses until he hits the jackpot. The only point he seems to be trying to make is to belittle others so that he can appear intelligent. He has failed miserably several times when making trade calls and has made excuses after excuses. I hope he will stay in this thread and expose his own stupidity along the way, as well as his inability...
Good old Pat... The photoshop AFICIONADO!

Loves to photoshop everything, including all his trades.

I'm a stock trader and dabble in FX as a hobby. Yet, my results will still crush your little 5-10 pip profit targets after giving 1-5 pips to your broker. Pathetic!
Trade at your own risk.
  • #765,167
  • Aug 8, 2023 5:21am Aug 8, 2023 5:21am
127 remains the area to break for bears and it seems with the way the day is going it could quite easily. However NYO a few hours away and like yesterday things could change
Insane in the Brain..
  • #765,168
  • Aug 8, 2023 5:22am Aug 8, 2023 5:22am
That gave me huge confidence
Friday's drop was a bears trap
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yes yes yes
  • #765,169
  • Aug 8, 2023 5:23am Aug 8, 2023 5:23am
Quoting BigNumbers
CHFJPY short. Very fresh Finally! {image}
You're going against the trend, friend.

Good luck on your trade!
Trade at your own risk.
  • #765,170
  • Aug 8, 2023 5:25am Aug 8, 2023 5:25am
Quoting Moty
Yes yes and yes {image} {image}
That's right!!! Time for the big banks to pay! Where is that money?? SHOW ME DA MONEY!!!

Good job Moty! We won't let these gangsters take our money anymore!
  • #765,171
  • Aug 8, 2023 5:26am Aug 8, 2023 5:26am
Quoting trumps
{quote} 3 thinks Pat. 1. That’s quite a reply from someone who has me on ignore. 2. I have no idea what you are talking about re Wavegarricks post you said was deleted. I support Wavegarrick in the same way other traders support you. I support him, because I have seen him on this forum for a number of years and have respect for his trading approach. 3. I called you a hypocrite, because that is clearly what you are by claiming orthers are fake people looking to portray a fake image. It doesn’t get much more fake than pretending to be a presenter...
@Trumps - check out this from Pipsninja… a thread I’ve been following had been destroyed by this Pat and cronies… best to ignore as they seem to be hell bent on destroying anyone who shows an ounce of decency on FF:

You must read this about Pat Chiko: https://www.forexfactory.com/thread/...40#post8887540
  • #765,172
  • Aug 8, 2023 5:29am Aug 8, 2023 5:29am
Quoting BeeTogether
127 remains the area to break for bears and it seems with the way the day is going it could quite easily. However NYO a few hours away and like yesterday things could change
Higher forecast for CPI is probably being priced in aka more rate hikes on the way.
  • #765,173
  • Aug 8, 2023 5:30am Aug 8, 2023 5:30am
...all done here....last look @ 4hr

4hr below
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Trader with an Edge.
  • #765,174
  • Edited 5:43am Aug 8, 2023 5:33am | Edited 5:43am
All out at 1.27200 area
No need to be greedy on the pip
From 98 $ loss to 86 $ profit
188;$ profit on those last trades

370 $ in profit from Friday
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yes yes yes
  • #765,175
  • Aug 8, 2023 5:34am Aug 8, 2023 5:34am
Same set up different pair. EURJPY short set up in play.
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  • #765,176
  • Aug 8, 2023 5:37am Aug 8, 2023 5:37am
If one sees that system from enough traders here is pointing price will go in some certain direction, then it's probably where price will go. One system can fall short, but multiple systems really can't. One can get a full picture that way and be very confident that that is where the price will go. That's the beauty of it and sharing charts here.
  • #765,177
  • Aug 8, 2023 5:37am Aug 8, 2023 5:37am
Quoting Pat Chiko
{quote} After reading her posting and trade calls, this fellow appears to be a con artist, just like the experienced trader he learned from (Madoff). He makes calls but is unable to commit to any trades, making wild guesses until he hits the jackpot. The only point he seems to be trying to make is to belittle others so that he can appear intelligent. He has failed miserably several times when making trade calls and has made excuses after excuses. I hope he will stay in this thread and expose his own stupidity along the way, as well as his inability...
Price never went up to 1.2805 because your whole trading strategy is based on a fallacy.

You lack serious analytical skills and critical thinking. Maybe if you spend more time analyzing charts and less time slandering people you might learn something. You're too busy photoshopping everything.
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Trade at your own risk.
  • #765,178
  • Aug 8, 2023 5:38am Aug 8, 2023 5:38am
GU buy 2721, will add towards 2700, EU buy 0960 will add some till 0940 Gold buy 1932 will add more till 1925
People don't plan to lose. They lose because they don't plan.
  • #765,179
  • Aug 8, 2023 5:41am Aug 8, 2023 5:41am
Almost everything work when there is market structure to support the trade set-up.
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The market hides a perfect geometry.
  • #765,180
  • Aug 8, 2023 5:43am Aug 8, 2023 5:43am
Quoting Fx3423454
{quote} You're going against the trend, friend. Good luck on your trade!
There is nothing like trend bro. Because price is going up people name it “uptrend” and because Its going down “downtrend” As a professional in the field don’t look at price as the “Lay man”
For me we only have sell-side and buy side where liquidity is resting. That’s what I’m concentrating on.
My telegram: https://t.me/avidforex
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