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Cable Update (GBPUSD)

  • #785,021
  • Oct 21, 2023 9:53am Oct 21, 2023 9:53am
Quoting dantpm
{quote} Austraiilian / USD Seems to suggest a downtrend. I am not that good on grasping higher time frames. What do you think? {image}
i also have AUDUSD in downtrend, all the HFs are south.
M15 is the first counter frame for me.
in wondering about yourself, you forgot what you came here to be part of
  • #785,022
  • Edited 10:48am Oct 21, 2023 10:18am | Edited 10:48am
Quoting knkie
{quote} i also have AUDUSD in downtrend, all the HFs are south. M15 is the first counter frame for me.
try to keep an eye on your position, because at the beginning of the week the USD can be counted on to weaken, there is a high probability that this will happen.
H1-H4.
  • #785,023
  • Oct 21, 2023 10:20am Oct 21, 2023 10:20am
Quoting tiborf71
{quote} try to keep an eye on your position, because by the beginning of the week the USD can be counted on to weaken, there is a high probability that this will happen. H1-H4.
thanx for your input

i only trade TA, usually M30 thru M5. Never HFs but i do look at them.

Why do you think this $$ will weaken? what is it based on ?
in wondering about yourself, you forgot what you came here to be part of
  • #785,024
  • Oct 21, 2023 10:23am Oct 21, 2023 10:23am
Quoting Waveskierrob
{quote} Been a cracking week for me on the FTSE still underwater with some of my trades BE 7330 but have been taking the cream off as it's been going down... {image}
Wave, is trading your only job or do you have any other incomes?
  • #785,025
  • Oct 21, 2023 10:31am Oct 21, 2023 10:31am
Quoting knkie
{quote} thanx for your input i only trade TA, usually M30 thru M5. Never HFs but i do look at them. Why do you think this $$ will weaken? what is it based on ?
I don't have a crystal ball, lol.
based on pairs analyzed, trends, channels.....
  • #785,026
  • Oct 21, 2023 10:34am Oct 21, 2023 10:34am
Quoting tiborf71
{quote} I don't have a crystal ball, lol. based on pairs analyzed, trends, channels.....
haha
nice

well im not convinced either
As I said 2170 is Big R, it has to close above that on day chart.
It could easily turn south.

I will ride the momentum either way
in wondering about yourself, you forgot what you came here to be part of
  • #785,027
  • Oct 21, 2023 10:42am Oct 21, 2023 10:42am
Quoting genadi
{quote} Wave, is trading your only job or do you have any other incomes?
No, tried but too boring, I'm self employed mostly construction, so can pick and choose where and when to work...
  • #785,028
  • Oct 21, 2023 10:54am Oct 21, 2023 10:54am
Quoting Waveskierrob
{quote} No, tried but too boring, I'm self employed mostly construction, so can pick and choose where and when to work...
Do you wear a hard hat?
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #785,029
  • Oct 21, 2023 10:56am Oct 21, 2023 10:56am
Quoting knkie
{quote} Do you wear a hard hat? {image}
Try to avoid it, but throw one on if H+S are about...
  • #785,030
  • Oct 21, 2023 11:06am Oct 21, 2023 11:06am
Quoting Coreg2004
{quote} Pat, if GU decides to make a complex correction as a wave 4 (a)(b)(c) on my chart, as it should be???, then you are spot on with the target @1.2392 {image}
Quoting elbert3
{quote} 2500 2250 first to break higher follow GU chf to 1380 area
elbert3, easy, easy...long way to go...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.20 dailyEOD.png Size: 47 KB

https://forex-indicators.net/cycle-i...ott-waves/plan
Attached Image (click to enlarge)
Click to Enlarge Name: Step 4EW.jpg Size: 134 KB

A-B-C or 1-2-3-4-5? retracement should be contained by channel.
Always trade your own plan...I don't provide trading signals.
  • #785,031
  • Oct 21, 2023 12:07pm Oct 21, 2023 12:07pm
No major news on Monday but a whole Truckload on Tuesday --- be careful and manage RISK
Attached Image (click to enlarge)
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  • #785,032
  • Oct 21, 2023 1:09pm Oct 21, 2023 1:09pm
Quoting Waveskierrob
{quote} No, tried but too boring, I'm self employed mostly construction, so can pick and choose where and when to work...
where do you make more money? from your hard construction work or from trading? (in last 3 years, if it is not a secret)
  • #785,033
  • Oct 21, 2023 1:09pm Oct 21, 2023 1:09pm
Quoting Coreg2004
{quote} {quote} elbert3, easy, easy...long way to go...{image} https://forex-indicators.net/cycle-i...ott-waves/plan{image} A-B-C or 1-2-3-4-5? retracement should be contained by channel.
Coreg :

I never do for such target.

But let me ask you where you want buy entry to be ? For 1.24xx target ? And stop loss ?
Intraday only.
  • #785,034
  • Oct 21, 2023 1:10pm Oct 21, 2023 1:10pm
Going to short USDJPY on market open with SL around 150 zone I think it’s topped out but let’s see
Master your mind. Master Trading.
  • #785,035
  • Oct 21, 2023 1:12pm Oct 21, 2023 1:12pm
Quoting genadi
{quote} where do you make more money? from your hard construction work or from trading? (in last 3 years, if it is not a secret)
Robski makes it both ways. Best of both worlds
  • #785,036
  • Oct 21, 2023 1:14pm Oct 21, 2023 1:14pm
Quoting KareemAliFx
Going to short USDJPY on market open with SL around 150 zone I think it’s topped out but let’s see
Been looking at that too and could be a great trade with hundreds of pips to the downside but might just tap that 150 level and a few more so be carefull
  • #785,037
  • Oct 21, 2023 1:21pm Oct 21, 2023 1:21pm
Quoting T721
{quote} Been looking at that too and could be a great trade with hundreds of pips to the downside but might just tap that 150 level and a few more so be carefull
ya thanks , I agree it seems like a golden short opportunity so going to be careful with my SL . Cheers
Master your mind. Master Trading.
  • #785,038
  • Oct 21, 2023 1:22pm Oct 21, 2023 1:22pm
Quoting T721
{quote} Robski makes it both ways. Best of both worlds
Bro, i have open Gold sell position.
What do you think will happen next week?
  • #785,039
  • Oct 21, 2023 1:34pm Oct 21, 2023 1:34pm
Quoting genadi
{quote} Bro, i have open Gold sell position. What do you think will happen next week?
Maybe a correction, but if it corrects its only a pullback to go up again imo .. But if a ceasefire starts Gold and Silver will drop like a stone but ceasefire unlikely atm
  • #785,040
  • Oct 21, 2023 1:35pm Oct 21, 2023 1:35pm
Quoting KareemAliFx
{quote} ya thanks , I agree it seems like a golden short opportunity so going to be careful with my SL . Cheers
I think the whole world is looking to short UJ so they aint gonna make it easy for us
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