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Cable Update (GBPUSD)

  • #766,301
  • Edited 6:49am Aug 11, 2023 6:33am | Edited 6:49am
Quoting pipfarm
GU - short set up W1 below MN1 D1 below W1 H4 below D1 H1 above H4 - corrective up swing Entry short from `15M if price starts to trend down, the trendlines are just to show the entry method but the corrective upswing might not have finished yet so we could see a little more upside. {image}

Still waiting for the short , no entry as of yet, must be a swing trend continuation entry on 15M for the short.

Maybe news time it will kick in or maybe not at all.


H1 is still below H4 so my guess is the correction is extending a bit as i mentioned in the original post.

Also the DXY that i mentioned being in a correction on H1 that was far off complete for swing C which obviously affects gbp
Follow The Markets Structure - Patience and Discipline
  • #766,302
  • Aug 11, 2023 6:38am Aug 11, 2023 6:38am
Quoting palpite
buy - 1.2770 {image}
Quoting palpite
add buy - 1.2732 {image}
Quoting palpite
add buy - 1.2717 {image}
Quoting palpite
add buy - 1.2686 {image}
trades closed - break even

+1.3 pips

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #766,303
  • Aug 11, 2023 6:43am Aug 11, 2023 6:43am
Quoting Whale
{quote} my sells triggered 1.2725 there is a typo in the original post.
crap, -5 and out.

Fridays trading are not for me
  • #766,304
  • Aug 11, 2023 6:44am Aug 11, 2023 6:44am
There must be an impact candle in 15 min atleast.

No short until now.

News may trigger.
Intraday only.
  • #766,305
  • Aug 11, 2023 6:47am Aug 11, 2023 6:47am
Quoting LifeRider
{quote} I've revised my interpretation of the structure in the range we've just been in: {image} BTW, I AM looking for comments. I am not a proficient trader, and I always appreciate your feedback. Thank you. Morover, for the same reason, do not follow my lead - you'll get nowhere fast
hi.may i ask what is the name of this indicator on your chart?
  • #766,306
  • Aug 11, 2023 6:52am Aug 11, 2023 6:52am
Quoting TheWraith
GBP/USD M5 Chicken Nuggets Pattern, Also Known As Bullish Flag Pattern This information will cost you 1% of your trade, no matter if the price goes up or down. Consider yourself lucky that I'm here and sharing these precious signals! . . . . . . . People from Cable Update Forum: "Damn, this guy is full of shit..." You'll still have to give me that 1%! {image}
I Gotta Signal (Black-Eyed Peas ft. DJ FullOfShit)

One day you'll say why do I even trade
Why didn't I just do what TheWraith said

Now I'm in the trades, bad losing trades
I'll have to sell my place

I gotta feeling.. hiiii hiiii

That TheWraith is indeed a good guy
That he shows us when we need to buy

And he's only after fair price
After trade is winning hiii hiii

DJ FullOfShit
-----------------------------------------------

Only for laughs, not recommended to people with no sense of humour!
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  • #766,307
  • Aug 11, 2023 7:01am Aug 11, 2023 7:01am
Quoting Fardeen1209
{quote} The way i see it is we had a complex wave 4 (still a learner of EW- not yet fully understand what exactly a complex wave is, but i just know it is not abc) {image}The 4hr downward structure still intact. So 2 (BPR) is very likely and on top the 4hr downward structure will be still intact Purple- Daily corrective wave Pink- 4hr Wave Blue- 1hr wave
Hi good day

Fardeen you've good chart there. Thans for sharing your foresight chart for us.
Sharing mine here on the coming US PPI Data release.

lloking at PPI inflation data drop this morning at 8:30am EST.
Expectations are for 0.2%.
Does it show up higher or lower?

The Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 019.jpg Size: 176 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #766,308
  • Aug 11, 2023 7:01am Aug 11, 2023 7:01am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-08-11-15-00-03-469_com.tradingview.tradingviewapp-edit.jpg Size: 467 KB
yes yes yes
  • #766,309
  • Aug 11, 2023 7:09am Aug 11, 2023 7:09am
Quoting Pat Chiko
{quote} Hi good day Fardeen you've good chart there. Thans for sharing your foresight chart for us. Sharing mine here on the coming US PPI Data release. lloking at PPI inflation data drop this morning at 8:30am EST. Expectations are for 0.2%. Does it show up higher or lower? The Chart.{image}
Pat, how did you know I had the same setup yesterday?... proof is below.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.10 1H.png Size: 51 KB
Always trade your own plan...I don't provide trading signals.
  • #766,310
  • Aug 11, 2023 7:10am Aug 11, 2023 7:10am
Quoting hadi.ch
{quote} hi.may i ask what is the name of this indicator on your chart?
Hi, there is no indicator, just my annotations.
I have no clue where it's going
  • #766,311
  • Aug 11, 2023 7:12am Aug 11, 2023 7:12am
Quoting voeltoez
{quote} happy to see another bollinger bands user
Hi Voeltoez, well at least we went up
  • #766,312
  • Aug 11, 2023 7:13am Aug 11, 2023 7:13am
Short at 1.27363, only trade today. Call me lucker. I expect a small cool down before news. This week PA was not nice on GBP/USD. I only took very little trades. I guess it is still holiday stuff going on.
Expect retrace ends around 1.2728's area.
  • #766,313
  • Aug 11, 2023 7:13am Aug 11, 2023 7:13am
Gj , you mf you , you shell not pass 184
yes yes yes
  • #766,314
  • Aug 11, 2023 7:17am Aug 11, 2023 7:17am
Quoting cablekingdom
I order a plate of chicken nuggets everyday from the same restaurant but sometimes they gv me odd number of nuggets like 5,7 & sometimes they gv even number like 6,8 I hv noticed the pattern when I get odd number of chicken nuggets then GU will be bearish for the day Today I got 6 pcs of nuggets I think this logic only drives GU movement

Below Two indicators are in sync , so going long 1.2732

Indic 1-- chicken nuggets theory
Indic 2-- do exactly opposite of what most traders are saying in FF forum

Hence going long
  • #766,315
  • Aug 11, 2023 7:19am Aug 11, 2023 7:19am
Quoting Moty
Gj , you mf you , you shell not pass 184
If news are good for USD, GBP/JPY will go up with USD/JPY I think.
  • #766,316
  • Aug 11, 2023 7:20am Aug 11, 2023 7:20am
Quoting JackintheBox
Short at 1.27363, only trade today. Call me lucker. I expect a small cool down before news. This week PA was not nice on GBP/USD. I only took very little trades. I guess it is still holiday stuff going on. Expect retrace ends around 1.2728's area.
Out at 1.27288. Ugly PA, EU Session not nice these days. Very little action. Even USD/CHF can compete currently with GBP/USD on volatility. Few years ago unthinkable.

US-Datas should disappoint. Expect new highs >1.2738's today but yesterday was also flushing the toilet after datas... so be careful.
  • #766,317
  • Aug 11, 2023 7:25am Aug 11, 2023 7:25am
We at the previous support area, a break above towards 12750 opens the 12770 area which has been a real resistance level that won’t break
Insane in the Brain..
  • #766,318
  • Aug 11, 2023 7:26am Aug 11, 2023 7:26am
Quoting Coreg2004
{quote} Pat, how did you know I had the same setup yesterday?... proof is below. {image}
I would prefer that you ask me whom I learned from in terms of Elliott Wave reading, rather than who taught me to read charts.
I have learned a great deal by observing and studying your charts.
Your insights into Elliott Wave theory have been invaluable to me, and I am grateful for your willingness to share your knowledge.

Thanks again... Goreg
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #766,319
  • Aug 11, 2023 7:26am Aug 11, 2023 7:26am
Quoting Konichiwhaat
{quote} This block of past order flow must hold or I will humbly admit defeat and enjoy my weekend {image}
Half position closed. SL set into positive position. TP set at potential negative US news spike
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 12 KB
Emotional Control. Process, not outcome.
  • #766,320
  • Aug 11, 2023 7:28am Aug 11, 2023 7:28am
Here is a version of the multiple macd, heiken ashi candle overlay and sessions indicator for tradingview.
Had to get a little creative with the macd indicator to show 3 in 1. Shading might not show up on all monitors.
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