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Cable Update (GBPUSD)

  • #765,601
  • Aug 9, 2023 10:45am Aug 9, 2023 10:45am
1 hr chart posted.

That support might break.

If that breaks... it augurs well for long trade set up... not today but later.

This is demo practice chart.
Attached Image (click to enlarge)
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Intraday only.
  • #765,602
  • Aug 9, 2023 10:46am Aug 9, 2023 10:46am
Quoting Kez-m
I have thought long and hard about whether to write this post. And, on balance, have decided to do it. I have some suggestions: a) take all and I mean ALL indicators off your charts. Yep Trendlines and moving averages and stochastics and RSIs etc etc etc - what are they? Mathematical representations of price. The bars/candles before you. They are no indication of future price. b) study pivots - and I don’t mean P-R1-S1-R2-S2 etc pivots. Pivots are swing highs and swing lows. 2, 3 and 4 bar patterns - look at major turns in the market you’ll see...

Thank you for your suggestions,

your a mathematician as you said , are you also a professional trader?

You made a lot of statements and claims with no proof, there are dozens of so called educators like ict who claim to be successful traders , a claim is just that a claim , without concrete proof i would trust none of them.

Care to elaborate? or drop a few trades with charts
Follow The Markets Structure - Patience and Discipline
  • #765,603
  • Aug 9, 2023 10:52am Aug 9, 2023 10:52am
50 pip trading zone...
Attached Image (click to enlarge)
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https://www.dukascopy.com/swiss/english/marketwatch/market_news/Technical-Analysis/147847/
  • #765,604
  • Aug 9, 2023 10:58am Aug 9, 2023 10:58am
Quoting MIKKI
{quote} Gold is on the move down and is dragging gu with it it's tricky to find the support base for today
like I said gold is on the move follow gold catch the guru
average dude treading water
  • #765,605
  • Aug 9, 2023 11:00am Aug 9, 2023 11:00am
Wherever i enter. Price change the momentum against.

market won today.
  • #765,606
  • Edited 11:24am Aug 9, 2023 11:04am | Edited 11:24am
For me possible long if the high i marked breaks before a new lower lower is made, @ the moment we have an equal low
Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #765,607
  • Aug 9, 2023 11:11am Aug 9, 2023 11:11am
buy - 1.2719

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Together we can be strongest
Vantage Return This Month: na
  • #765,608
  • Aug 9, 2023 11:21am Aug 9, 2023 11:21am
Quoting DrDave
Here is a bit bigger view from H4 through H32. Very obvious 1-2-3 down from the high and now on H4 1-2-3 up. However, note that H8 remains down, so a race ensues in which either H4 turns back down to continue the movement a bit lower (for potential sell), or H8 goes up as well.
Attached Image (click to enlarge)
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H8 remains down, so a race ensues in which either H4 turns back down to continue the movement a bit lower (for potential sell), or H8 goes up as well.
You can see that the smaller TFs turned back down H4 rather than cycling upward to turn up H8.

Just needed to FOLLOW those smaller TFs to watch to see how they were building H4. And just as a reminder that the indicator is not so important, but rather it is the interactions between the indicators on the various TFs, here is a customized MACD indicator used to tell the story rather than the lines of the previous capture.
Down came H1, then H2, then H4 without H1 even trying to go back up.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #765,609
  • Aug 9, 2023 11:21am Aug 9, 2023 11:21am
2hr...
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  • #765,610
  • Aug 9, 2023 11:27am Aug 9, 2023 11:27am
Quoting Fx3423454
{quote} Well, we are all waiting for you and your buddies to stop criticizing and belittling everybody... Let's wait and see what happens.
Post of the day
Ever since George's Impassioned plea yesterday, nothing changed and it went on after that going into today with the berating and belittling. It is no surprise that most of us gave George's post a thumbs up, including myself hoping for something better, but the one person that did not do that was Chiko.
We have all been sitting here waiting with bated breath for Chiko's buy trades today, to come to fruition. It is 7 hours later and no report back. Usually this pattern repeats itself. He will come back many hours later if not a day later and show us his picture perfect doctored hindsight closed trades for a few pips loss executed by his personal algo. If trades do not work out he will wait for hours to see if price comes back to his entry and he will claim victory if it does, irrespective of a massive draw down and even with averaging. Algo is totally forgotten then. Wake up and smell the coffee Folks. Be very careful,
Of course there will be a backlash from his alter ego gang. I am not interested.
Adios.
Trade to trade another day
  • #765,611
  • Aug 9, 2023 11:29am Aug 9, 2023 11:29am
Double bottom at 1.27122
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yes yes yes
  • #765,612
  • Aug 9, 2023 11:36am Aug 9, 2023 11:36am
Quoting Fx3423454
SHORT AU SHORT EU SHORT GU SHORT
Tomorrow the Aussie will fly to the moon
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yes yes yes
  • #765,613
  • Aug 9, 2023 11:37am Aug 9, 2023 11:37am
Quoting Wavegarrick
{quote} Post of the day Ever since George's Impassioned plea yesterday, nothing changed and it went on after that going into today with the berating and belittling. It is no surprise that most of us gave George's post a thumbs up, including myself hoping for something better, but the one person that did not do that was Chiko. We have all been sitting here waiting with bated breath for Chiko's buy trades today, to come to fruition. It is 7 hours later and no report back. Usually this pattern repeats itself. He will come...
yes you are right CHICKO disappears when his trades are in drawdown or loss
  • #765,614
  • Aug 9, 2023 11:42am Aug 9, 2023 11:42am
Quoting AlfieSolomon
{quote} yes you are right CHICKO disappears when his trades are in drawdown or loss
yeah, thats start silly oh my God
People don't plan to lose. They lose because they don't plan.
  • #765,615
  • Aug 9, 2023 11:44am Aug 9, 2023 11:44am
Quoting ScalaFX
{quote} yeah, thats start silly oh my God
I will have to agree with wavegarrick on this because that's true
  • #765,616
  • Aug 9, 2023 11:47am Aug 9, 2023 11:47am
Quoting Moty
{quote} Tomorrow the Aussie will fly to the moon {image}
We shall see soon!

CPI tomorrow!
Trade at your own risk.
  • #765,617
  • Aug 9, 2023 11:50am Aug 9, 2023 11:50am
Quoting AlfieSolomon
{quote} yes you are right CHICKO disappears when his trades are in drawdown or loss

Come on , why would anyone hang around, the trade is still in play, we do not know where his stop is.

Although i have noticed some irregularities in the writing style in his posts, there could be two people writing the posts but does it really matter?

So long as there is peace in this thread he can do what he likes with his trades.
Follow The Markets Structure - Patience and Discipline
  • #765,618
  • Aug 9, 2023 11:52am Aug 9, 2023 11:52am
Quoting pipfarm
{quote} Come on , why would anyone hang around, the trade is still in play, we do not know where his stop is. Although i have noticed some irregularities in the writing style in his posts, there could be two people writing the posts.
i said this according to my own observation
  • #765,619
  • Aug 9, 2023 11:52am Aug 9, 2023 11:52am
Quoting AlfieSolomon
{quote} i said this according to my own observation
And you have said that Wavegarrick is a demo account trader is that true?
  • #765,620
  • Aug 9, 2023 11:55am Aug 9, 2023 11:55am
Quoting prop.kid
{quote} And you have said that Wavegarrick is a demo account trader is that true?
that's sarcasm
now I am serious
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