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Cable Update (GBPUSD)

  • #768,261
  • Aug 18, 2023 6:34am Aug 18, 2023 6:34am
Quoting TheWraith
{quote} I knew about CBDC's long before they appeared in main stream media. It's not about filling my pockets so much as to reflecting on what happened in the past. History repeats itself.
It isn't just reflecting what happened in the past, it is also about being aware of what is happening in your environment. I believe that it is wrong to simply dismiss crypto much the same as it is wrong to jump into it because everyone else is jumping into it. Government crypto will apparently carry significant risk, different from the risk of private crypto.
  • #768,262
  • Aug 18, 2023 6:37am Aug 18, 2023 6:37am
Quoting pipfarm
Does any one know of a corrective pattern as in the photo, triangles are supposed to have 5 waves but i keep seeing these three wave patterns breaking up or down? Double 3 elliott wave perhaps? {image}
I only see a failed 5th.
  • #768,263
  • Aug 18, 2023 6:41am Aug 18, 2023 6:41am
Quoting pipfarm
Does any one know of a corrective pattern as in the photo, triangles are supposed to have 5 waves but i keep seeing these three wave patterns breaking up or down? Double 3 elliott wave perhaps? {image}
Stacey Burke (Youtube forex guru) is all about recognizing 3 pushes to move price in any direction. Often his 3 pushes lead to a reversal but not always.
  • #768,264
  • Aug 18, 2023 6:45am Aug 18, 2023 6:45am
Buyers are keeping hold of 1.27 levels. Lets see how price reacts, if maintained, we are heading for Asian High but if broken, we are heading into 1.265
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-08-18_12-40-46.png Size: 39 KB
  • #768,265
  • Aug 18, 2023 6:48am Aug 18, 2023 6:48am
Looks like a rangy day
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-08-18-14-43-32-849_net.metaquotes.metatrader4.jpg Size: 707 KB
yes yes yes
  • #768,266
  • Aug 18, 2023 6:51am Aug 18, 2023 6:51am
Quoting Moty
Looks like a rangy day {image}
moty.. how many oscillator bro.. you almost can’t see the candles
  • #768,267
  • Aug 18, 2023 6:53am Aug 18, 2023 6:53am
Try another long 1.2707
  • #768,268
  • Aug 18, 2023 6:58am Aug 18, 2023 6:58am
Quoting pipfarm
Does any one know of a corrective pattern as in the photo, triangles are supposed to have 5 waves but i keep seeing these three wave patterns breaking up or down? Double 3 elliott wave perhaps? Found several today {image} {image} {image} {image} {image}

I suppose they could be viewed as A - B (abc) then C in the opposite direction
Follow The Markets Structure - Patience and Discipline
  • #768,269
  • Aug 18, 2023 7:00am Aug 18, 2023 7:00am
Is GU a big bottom? Is it impossible to break anymore?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-cd(M15)_2023.08.18_205708.jpg Size: 49 KB
  • #768,270
  • Aug 18, 2023 7:00am Aug 18, 2023 7:00am
Looks like today is going to be the lower high lower low two bars on D1 to complete the correction and probably that is it for the day , so possible monday up for C on GU
Follow The Markets Structure - Patience and Discipline
  • #768,271
  • Aug 18, 2023 7:06am Aug 18, 2023 7:06am
Long 1.2700 SL 1.2690
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #768,272
  • Aug 18, 2023 7:07am Aug 18, 2023 7:07am
Buy
1.2702
  • #768,273
  • Aug 18, 2023 7:16am Aug 18, 2023 7:16am
short 1.27100
  • #768,274
  • Aug 18, 2023 7:27am Aug 18, 2023 7:27am
Quoting cablekingdom
{quote} Added short...1.2710...tp-1.2620
Added short 1.2695....tp-1.2620
  • #768,275
  • Aug 18, 2023 7:27am Aug 18, 2023 7:27am
Gap 103.505 in dx is close
yes yes yes
  • #768,276
  • Aug 18, 2023 7:28am Aug 18, 2023 7:28am
Quoting Yngwie
Long 1.2700 SL 1.2690
add 1.2691 SL 1.2680
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #768,277
  • Aug 18, 2023 7:30am Aug 18, 2023 7:30am
Quoting greenpips4
short 1.27100
booked
  • #768,278
  • Aug 18, 2023 7:39am Aug 18, 2023 7:39am
Quoting Pat Chiko
GTG See you later maybe NY. It is Friday. Need to arrange the party tonight. Hope to clear all trades before going for party........

Hope you have your bathing suit ready cause you are under water, i hope it is not boat party.

Attached Image (click to enlarge)
Click to Enlarge Name: liteforex-blog-forex-22-01-21.jpg Size: 34 KB
Follow The Markets Structure - Patience and Discipline
  • #768,279
  • Aug 18, 2023 7:45am Aug 18, 2023 7:45am
Quoting thevisitor
Buy 1.2702
Added 1.2692
  • #768,280
  • Aug 18, 2023 7:47am Aug 18, 2023 7:47am
Attached Image (click to enlarge)
Click to Enlarge Name: 0C76FD69-364B-43C6-998D-DAEA6F404A3C.jpeg Size: 328 KB
How to succeed in zero sum game?
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