Cable Update (GBPUSD)

Nope.... wait. Getting late here now

Come on mister 1.26207

Xi didn't show up for BRICS meeting...

Long

I am not following media till 2032, if i am still Buddy
Its an ilusion

Half closed with 10 pips. SL to BE. Will monitor up to news. Will post chart with my thinking later when trade over

30 pips bounce from support

In deed, it respected support but that was all

Hey wraith, i worked out more Chfjpy movements.
From 161.83 to 167.19 and back down to 160.17
Will keep this and possibly update It

GU long entered

Close now +36pips....

Here I have H4 and D1 charts with price bars on and off. I also included another indicator in the top window so that you can see that many indicators can be used to tell essentially the same story.
The red/green is H4/D1
The magenta/yellow is H8/D2
The white/blue is H16/D4

The white dotted Vline is where the orginal chart ended.
The red trend line is the H4 pullback that I mentioned in the original post. And as stated, price continued further up.
On the Daily chart, price went far enough up to cause the D1 custom MACD indicator to go up as well as the red/green line in the price bar window.
And I stated that this would likely be the start if a new D1 up swing, you can observe that not only D1 but D2 joined while D4 did not.

So as time progresses, you can look at H4/H8/H16 and see that on the MACD, all of them went into a pullback and return up, taking the Daily even further up. Similarly, at the far right, you can see H4/H8/H16 for both indicators coming down.

You can see on the H4 price bars that from the final highest high, there was the swing down followed by 2 green up bars. If you look at your H1 chart, you can see how there was a swing down, then a lower high. And if you were checking even smaller TFs to help judge when that swing up was ending, you would have caught that lower high and possibly shorted even before the H1 confirmation.

And don't forget that it has been stated long before this that the Daily swing up would be a RALLY to the Weekly that is going down. Look at the D4 (just shy of the Weekly) on the Daily chart and see that it was down from about July 21 and stayed down throughout all of this.

No need to mark S/R lines. No need for Fib levels. No need for trend lines. No need to find FVGs. No need to go through the contortionists' acts of trying to find Elliot wave counts. Don't even need to have price bars displayed. Just wait for the LAGGING indicator(s) to show you where price is going and follow it.

Since we bounce, my greedy arse want to gamble my long on the news. Please give me a hint that it is bad news for greenback

SL moved up to 2614 (first 10 pip TP) in preparation of data release

Okay!

Will share charts when I get Home.

closed all long little profits..but worth

Back to 1.272 or down to 1.259?

RAising resistence to 1,1009