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Cable Update (GBPUSD)

  • #768,281
  • Aug 18, 2023 7:47am Aug 18, 2023 7:47am
Quoting m.hasnain
I1. Current Position and Moving Averages: As of the latest market data, GBP/USD stands at 1.275. A crucial aspect of technical analysis involves examining moving averages, which provide insights into the historical price trends of an asset. On the daily time frame, GBP/USD has dipped below its 21-day moving average, indicating a potential shift towards a bearish trend. Additionally, on the 1-hour time frame, the pair has slipped below the 200-hour moving average, further strengthening the bearish outlook. 2. Bearish Projection: Based on the technical...

Utilizing the preceding trading analysis, I executed a short position on this currency pair initiated at 1.275, successfully capitalizing on a profit-taking at the 1.27 mark today. Given the absence of market data during the current New York session, I have concluded my trading activities for the day.

Moving forward, I will be closely monitoring the market for potential bearish prospects over the course of the upcoming week. For your reference, I have enclosed a Trading View chart within this communication. Additionally, I encourage you to see my comprehensive trading journal, available within my profile.
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  • #768,282
  • Aug 18, 2023 7:49am Aug 18, 2023 7:49am
Quoting Yngwie
{quote} add 1.2691 SL 1.2680
yes, 2682/80 should hold for pushing up the price today...

say 100 pips for NY session ?
Intraday only.
  • #768,283
  • Aug 18, 2023 7:51am Aug 18, 2023 7:51am
Quoting Zebi
im gona post this now cause ive been spending too much time in here this passt week and half picking bottoms and tops on GU,AU twice, NU and gold that ive been neglecting my girlfriends on onlyfans and dont want them sulking and missing me.. so gona hang with them since theres no big news tonight joking aside...i dont think the usd pairs are done...they will go up again in asia and london maybe for a whole week cause i dont think china is done and japan hasnt even started and now india is in the crapper https://www.forexfactory.com/news/12...ng-low-as-risk...

welp i just got up and my orders been hit...average 2701
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #768,284
  • Aug 18, 2023 7:59am Aug 18, 2023 7:59am
Quoting Zebi
im gona post this now cause ive been spending too much time in here this passt week and half picking bottoms and tops on GU,AU twice, NU and gold that ive been neglecting my girlfriends on onlyfans and dont want them sulking and missing me.. so gona hang with them since theres no big news tonight joking aside...i dont think the usd pairs are done...they will go up again in asia and london maybe for a whole week cause i dont think china is done and japan hasnt even started and now india is in the crapper https://www.forexfactory.com/news/12...ng-low-as-risk...


china is cheap and just wants enough stimulus with minimal effort to scare shorts into covering ..they dont know shorts got to be bludgeoned to do that LOL...japan knows how to do it cause the contagion effect raised every currency and even gold in 2022 https://www.forexfactory.com/thread/...8#post14508208
so if i hear news japan intervening is when ill stay to longs and no shorting LOL


on GU think it will rise over 2820
so the way im gona play it is short the blue lines and buy the red ones

i highlighted the relevent part of yesterdays post


that ladies and gentlemen is how to pick bottoms ...even the dos equis guy is impressed

ill put sl in later to protect my profits
short trump and go long the deepstate
  • #768,285
  • Aug 18, 2023 8:07am Aug 18, 2023 8:07am
Quoting navk
{quote} yes, 2682/80 should hold for pushing up the price today... say 100 pips for NY session ?
Hopefully bears give up this time
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #768,286
  • Aug 18, 2023 8:08am Aug 18, 2023 8:08am
Quoting Zebi
{quote} china is cheap and just wants enough stimulus with minimal effort to scare shorts into covering ..they dont know shorts got to be bludgeoned to do that LOL...japan knows how to do it cause the contagion effect raised every currency and even gold in 2022 https://www.forexfactory.com/thread/...8#post14508208 so if i hear news japan intervening is when ill stay to longs and no shorting LOL on GU think it will rise over 2820 so the way im gona play it is short the blue lines and buy the red ones i highlighted the relevent...

i still got brain fog from just getting up so put sl at even...ill decide what to do with my sl once coffee wakes me up more
short trump and go long the deepstate
  • #768,287
  • Aug 18, 2023 8:21am Aug 18, 2023 8:21am
moved sl up a little from even so get paid for all my hard work if price decides to reverse
short trump and go long the deepstate
  • #768,288
  • Aug 18, 2023 8:23am Aug 18, 2023 8:23am
I’m up 6%.

now I can buy a $50k account.

$10k well smashed
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#Stay blue. /swinger/scalper/
  • #768,289
  • Aug 18, 2023 8:27am Aug 18, 2023 8:27am
Quoting Pat Chiko
{quote} GU add{image}
GU

Stopped out
Attached Image (click to enlarge)
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(P/S photoshopped...)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #768,290
  • Aug 18, 2023 8:30am Aug 18, 2023 8:30am
Quoting Yngwie
{quote} add 1.2691 SL 1.2680
1.2745 keep on pushing closed 40p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #768,291
  • Aug 18, 2023 8:33am Aug 18, 2023 8:33am
just still too many bulls for this pair to go up much further.
https://www.forexfactory.com/trades
Compulsions can be hard to resist
  • #768,292
  • Aug 18, 2023 8:34am Aug 18, 2023 8:34am
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}
Nobody knows

They are reversal patterns A (abc=B) C, unlike minor corrections but still corrective but larger degree
Follow The Markets Structure - Patience and Discipline
  • #768,293
  • Aug 18, 2023 8:35am Aug 18, 2023 8:35am
Quoting Pat Chiko
{quote} GU Stopped out{image} (P/S photoshopped...)
You do not hide.

That is good about you.

But, when i was trying to short in asia, you were posting long analysis.

I was bit skeptical...all my tools were pointing towards short possibility.

However, when NY opened... a long call.... you know the 9 am candle which i talk about.
Intraday only.
  • #768,294
  • Aug 18, 2023 8:35am Aug 18, 2023 8:35am
im gona try holding till 2760


i dont like using tp cause i get anxious and neurotic when price invariably stalls near my tp and most times i just close early anyways LOL...i hate giving up 10 or more pips in profits trying to squeeze out the last pip or two so my tp is hit
short trump and go long the deepstate
  • #768,295
  • Aug 18, 2023 8:36am Aug 18, 2023 8:36am
Quoting Zebi
{quote} i still got brain fog from just getting up so put sl at even...ill decide what to do with my sl once coffee wakes me up more
I recommend cold water swimming.
You have an IQ lower than 90 if you interact with this user.
  • #768,296
  • Aug 18, 2023 8:41am Aug 18, 2023 8:41am
Quoting Ferna
{quote} I recommend cold water swimming.

im a drinker,drug user and womanizer...i need blood transfusions like keith richards
short trump and go long the deepstate
  • #768,297
  • Aug 18, 2023 8:45am Aug 18, 2023 8:45am
Quoting Zebi
moved sl up a little from even so get paid for all my hard work if price decides to reverse
moved sl to 2718
short trump and go long the deepstate
  • #768,298
  • Aug 18, 2023 8:46am Aug 18, 2023 8:46am
come on mister aussie
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yes yes yes
  • #768,299
  • Aug 18, 2023 8:51am Aug 18, 2023 8:51am
Quoting Zebi
im gona try holding till 2760 i dont like using tp cause i get anxious and neurotic when price invariably stalls near my tp and most times i just close early anyways LOL...i hate giving up 10 or more pips in profits trying to squeeze out the last pip or two so my tp is hit

this is an impressive hourly candle and greed is sterting to set in LOL....i think ill just keep moving up my sl till gets hit instead of closing at a target price
short trump and go long the deepstate
  • #768,300
  • Aug 18, 2023 8:52am Aug 18, 2023 8:52am
So we more or less are at the area i marked in my previous charts and lets see if we head up to maybe 2850 which is the old D1 RBS

D1 is still above W1 and W1 is below MN1 means the whole wave up is corrective
Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
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