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Cable Update (GBPUSD)

  • #767,021
  • Aug 14, 2023 10:53am Aug 14, 2023 10:53am
Quoting Coreg2004
{quote} Pat, after xyz corrective pattern we expect a new low. Technically, you are correct, although we can't say wave 2 " for sure" is in place. If you subscribe to the idea that GU on the daily chart makes swing D-E we need to see 5 fractals if correct. {quote} {image} {image}
Dollah Index

Hi Goreg.
I noticed that the dollar index is forming an opposite pattern to the GBPUSD pair.
As these instruments are moving in opposite directions, it is possible that the wave 2 correction in the dollar index could end in wave E.

Conversely, I believe that the GBPUSD pair will continue to move in wave 2E correction before continuing its journey.
I would be grateful to hear your thoughts on this.

I am always learning and I appreciate your insights.

Regards.

Pat Chiko
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #767,022
  • Aug 14, 2023 10:53am Aug 14, 2023 10:53am
Quoting Whale
Sold 1.26915 For 4h candle close gmt time.
sl and tp on chart.
  • #767,023
  • Aug 14, 2023 10:54am Aug 14, 2023 10:54am
Quoting TheWraith
Tommorow is a crucial day for AUD trades. Lowe: “To get inflation to target in 2024 would require substantially higher rates, not in the national interest.” Is pause definitive and is AUD going to depreciate further tommorow after soft language? We'll see... RBA failed to meet market's expectation of another rate hike and chose to hold on rate hikes which resulted in weaker demand for AUD in return. What do they have to say now?
You may be right. Shorted AUDJPY @ 94.38
POSTMASTER
  • #767,024
  • Aug 14, 2023 10:54am Aug 14, 2023 10:54am
Sold 1.2691 stop 15 pips. Last trade
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Don't mind me.. i'm crazy
  • #767,025
  • Aug 14, 2023 10:56am Aug 14, 2023 10:56am
Quoting aHydrozx
im 14 yr old and lost lost 50% of my low capital account should i over leverage
I'm 78 and have lost all of my life's savings. When you beat that, then we'll speak.
.
.
.
.
.

Just kidding LoL!

How can you trade with only 14 years I wonder... don't think it's legal and possible.
  • #767,026
  • Aug 14, 2023 10:58am Aug 14, 2023 10:58am
Quoting Robinhood1
{quote} You may be right. Shorted AUDJPY @ 94.38
I hope so! If I'm wrong, I'm wrong...
If I'm right, you owe me 1% of your profit.

You know how things work on Cable Thread... nothing is free!




LoL
  • #767,027
  • Aug 14, 2023 10:58am Aug 14, 2023 10:58am
Quoting TheWraith
{quote} I'm 78 and have lost all of my life's savings. When you beat that, then we'll speak. . . . . . Just kidding LoL! How can you trade with only 14 years I wonder... don't think it's legal and possible.

nice to see todays youth bettering themselves

ii was sniffing glue at 14 when i wasnt jerking off nonstop
short trump and go long the deepstate
  • #767,028
  • Aug 14, 2023 11:02am Aug 14, 2023 11:02am
Quoting Pat Chiko
{quote} GU Hi Goreg. continuation from my previous post. current projection on "C of 2" Thanks in adcvance.{image}{image} {image}
GU

Final Correction of 2C before the actual Waveskie 3 kicks in.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #767,029
  • Aug 14, 2023 11:05am Aug 14, 2023 11:05am
Quoting TheWraith
{quote} I'm 78 and have lost all of my life's savings. When you beat that, then we'll speak. . . . . . Just kidding LoL! How can you trade with only 14 years I wonder... don't think it's legal and possible.
You had me in the first half, not gonna lie
More time in the market, does not mean you trade better!
  • #767,030
  • Aug 14, 2023 11:06am Aug 14, 2023 11:06am
GBPUSD

Tricky, tricky, tricky.

Looks like we will be moving into swing 2 of the main wave from D1 origin , H4 correction i mentioned earlier which should be the best wave to trade.

The two moves down on H1 are part of the same H4 swing , which is the first down from D1


Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #767,031
  • Aug 14, 2023 11:06am Aug 14, 2023 11:06am
Quoting Whale
{quote} sl and tp on chart.
out -9
  • #767,032
  • Aug 14, 2023 11:06am Aug 14, 2023 11:06am
Quoting TheWraith
{quote} I hope so! If I'm wrong, I'm wrong... If I'm right, you owe me 1% of your profit. You know how things work on Cable Thread... nothing is free! LoL
I will give you a profitable call to compensate
POSTMASTER
  • #767,033
  • Aug 14, 2023 11:07am Aug 14, 2023 11:07am
Quoting TheWraith
{quote} I'm 78 and have lost all of my life's savings. When you beat that, then we'll speak. . . . . . Just kidding LoL! How can you trade with only 14 years I wonder... don't think it's legal and possible.
i used my parents details for the broker but only trading with 30$ well no 12$ was profitable in paper trading oh well i guess
  • #767,034
  • Aug 14, 2023 11:08am Aug 14, 2023 11:08am
touchdown baby

https://media.tenor.com/S1lNT7ls0f4A...ks-dancing.gif
short trump and go long the deepstate
  • #767,035
  • Aug 14, 2023 11:10am Aug 14, 2023 11:10am
Quoting aHydrozx
{quote} i used my parents details for the broker but only trading with 30$ well no 12$ was profitable in paper trading oh well i guess

keep it up...youre better off doing this even losing a couple accounts than you are doing a paper route or mowing peoples lawns
short trump and go long the deepstate
  • #767,036
  • Aug 14, 2023 11:11am Aug 14, 2023 11:11am
DXY still above 102.80.... if it crosses, GBPUSD will fly.
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  • #767,037
  • Aug 14, 2023 11:13am Aug 14, 2023 11:13am
Quoting Zebi
{quote} keep it up...youre better off doing this even losing a couple accounts than you are doing a paper route or mowing peoples lawns
true i guess but its jus really annoying how imma loose alot of money and my brother thinking about how day trading is not profitable
  • #767,038
  • Aug 14, 2023 11:14am Aug 14, 2023 11:14am
Quoting aHydrozx
{quote} i used my parents details for the broker but only trading with 30$ well no 12$ was profitable in paper trading oh well i guess
How do you trade? Indicators, S&R or something else?
It would help if we would know what trade you took and why!
  • #767,039
  • Aug 14, 2023 11:16am Aug 14, 2023 11:16am
Quoting GeePee
DXY still above 102.80.... if it crosses, GBPUSD will fly. {image}
Why are retail traders always on the losing side of the trade?

This isn't a dig or sarcasm. I really want to know why?

Did you know that retail traders are so consistently on the wrong side of the trade that profitable trading strategies have been built around simply trading in the opposite direction of retail traders?
Trade at your own risk.
  • #767,040
  • Aug 14, 2023 11:17am Aug 14, 2023 11:17am
Quoting TheWraith
{quote} How do you trade? Indicators, S&R or something else? It would help if we would know what trade you took and why!
this is over like a 3 week period
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