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Cable Update (GBPUSD)

  • #793,841
  • Nov 29, 2023 11:03am Nov 29, 2023 11:03am
Quoting Coreg2004
{quote} Felinex, @navk is not obliged by your request. This thread is not a free trading signals service. We discuss and present our methods of trading here, nothing else. If you have any questions or you need help with something just ask. I'm sure someone will help you. Possible plays for the rest of the day. Help yourself. {image}
Felinex, @navk is not obliged by your request. This thread is not a free trading signals service. We discuss and present our methods of trading here, nothing else. If you have any questions or you need help with something just ask. I'm sure someone will help you.
Possible plays for the rest of the day. Help yourself.
Well said
  • #793,842
  • Nov 29, 2023 11:05am Nov 29, 2023 11:05am
...23.6% of the 2448-2732 move (ie the last dly swing HL to current dly hi) is @ current dly lo.

1hr bullish hidden div is still present @ current dly lo despite it coming @ a 2nd LL on that t/f, this though equating to a potential L on 4hr...not optimum - would be better as a signal if it were @ a HL on that higher t/f's trend.

4hr then 1hr below
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Trader with an Edge.
  • #793,843
  • Nov 29, 2023 11:08am Nov 29, 2023 11:08am
Quoting Coreg2004
{quote} Felinex, @navk is not obliged by your request. This thread is not a free trading signals service. We discuss and present our methods of trading here, nothing else. If you have any questions or you need help with something just ask. I'm sure someone will help you. Possible plays for the rest of the day. Help yourself. {image}
Mine chart is almost the same as yours, Sir.
Just i see a prolonged retracement.

Am trying to integrate the Pattern analysis- Wave counts + Greater in time and/or Price correction + Dynamic Price strategies by Robert Miner (still in the middle of the book, but try to apply it in real time- easier to understand and remember the concept.)
And I came to this
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-11-29_20-50-05.png Size: 83 KB


Previously i counted it and reached wave 5 but the problem comes with retracement, we do not have a decent retracement, and this type of movement in structure usually happen in Wave 3 and the move tend to be extended with no decent retracement comes in between, which just happens.

Now based on my counts, Wave ii had 5 daily bars retracement and ~240pips. Wave iv need to at least exceeds one of these 2 thresholds, to count it as wave iv, which would be greater than any retracement in wave iii (pip value and/or duration)?
More time in the market, does not mean you trade better!
  • #793,844
  • Nov 29, 2023 11:08am Nov 29, 2023 11:08am
Quoting felinex
{quote} Yes, I am a newbie, and so what ? And of course you didn't answer my question: why don't you post some real time operations?
navk is not here to give you signals, entry points, targets etc --- and he posts plenty analysis everyday... A top trader
  • #793,845
  • Nov 29, 2023 11:12am Nov 29, 2023 11:12am
Quoting ScarBack
{quote} Any real guru here can tell us when will Cable and Gold start falling?
No guru here, Gurus sell shit -- plenty on the googlenet if thats what you want
  • #793,846
  • Nov 29, 2023 11:14am Nov 29, 2023 11:14am
Quoting Moty
For 16.5 pips 11 pips sl {image}
Yes yes yes
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yes yes yes
  • #793,847
  • Edited 11:35am Nov 29, 2023 11:15am | Edited 11:35am
Quoting Zebi
Hidden
You think there is going to be much difference in pain slashing your wrists vs. slashing your jugular??? In any case, you prefer to sit in a bathtub for an extended period while your blood rather slowly drains while you are conscious for many minutes, or even longer, vs. over in a few seconds?
To free Gazans of Hamas, use whatever it takes.
  • #793,848
  • Nov 29, 2023 11:16am Nov 29, 2023 11:16am
GBPUSD has not yet reached its target in the area of 1.28-1.29 After that, I expect a decline to the area of 1.23

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rannDaily.png Size: 21 KB
www.myfxbook.com/members/AMBASSADORFX
  • #793,849
  • Nov 29, 2023 11:18am Nov 29, 2023 11:18am
Quoting Fardeen1209
{quote} Mine chart is almost the same as yours, Sir. Just i see a prolonged retracement. Am trying to integrate the Pattern analysis- Wave counts + Greater in time and/or Price correction + Dynamic Price strategies by Robert Miner (still in the middle of the book, but try to apply it in real time- easier to understand and remember the concept.) And I came to this {image} Previously i counted it and reached wave 5 but the problem comes with retracement, we do not have a decent retracement, and this type of movement in structure usually happen in...

fardeen...im not trying to start a fight but i have to ask this question

why dont people just learn ewave from the original source...ralph elliot wrote books so why use derivative ideas from minor and prechter ... theyre earlier versions of ICT who pretty much stole the old timers ideas from a 100 years ago and selling it as his own?

good luck tho in youre understanding of ewave
short trump and go long the deepstate
  • #793,850
  • Nov 29, 2023 11:20am Nov 29, 2023 11:20am
Quoting Eprst
GBPUSD has not yet reached its target in the area of 1.28-1.29 After that, I expect a decline to the area of 1.23 {image}
Hi. Nice chart, but Gbpusd doesn't have a target (based on anything,) but you (and others) may have for long positions. You can then expect what you like, the market doesn't give a sh1t what we want/think/feel/expect/predict. It will do what it will do.
Trader with an Edge.
  • #793,851
  • Nov 29, 2023 11:24am Nov 29, 2023 11:24am
Quoting ScarBack
{quote} Any real guru here can tell us when will Cable and Gold start falling?
Not a guru, but looks like you missed the fall of both Cable and Gold today.



Attached Image (click to enlarge)
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Next question. . .
To free Gazans of Hamas, use whatever it takes.
  • #793,852
  • Nov 29, 2023 11:27am Nov 29, 2023 11:27am
Quoting Headland
{quote} Hi. Nice chart, but Gbpusd doesn't have a target (based on anything,) but you (and others) may have for long positions. You can then expect what you like, the market doesn't give a sh1t what we want/think/feel/expect/predict. It will do what it will do.
Knowing exactly what NOT to do is already half the battle in order not to lose money..
www.myfxbook.com/members/AMBASSADORFX
  • #793,853
  • Nov 29, 2023 11:32am Nov 29, 2023 11:32am
Quoting Zebi
{quote} fardeen...im not trying to start a fight but i have to ask this question why dont people just learn ewave from the original source...ralph elliot wrote books so why use derivative ideas from minor and prechter ... theyre earlier versions of ICT who pretty much stole the old timers ideas from a 100 years ago and selling it as his own? good luck tho in youre understanding of ewave
I agree with you.
But so far, Miner did explain the EWave the easiest and simplest way of all resources i have read. I appreciate how he does not try to box the market within rules, but applied it with a more freestyle approach using the higher tf, just like your style.

I will surely look for the original version.

Appreciate your post
More time in the market, does not mean you trade better!
  • #793,854
  • Nov 29, 2023 11:34am Nov 29, 2023 11:34am
Quoting Fardeen1209
{quote} Mine chart is almost the same as yours, Sir. Just i see a prolonged retracement. Am trying to integrate the Pattern analysis- Wave counts + Greater in time and/or Price correction + Dynamic Price strategies by Robert Miner (still in the middle of the book, but try to apply it in real time- easier to understand and remember the concept.) And I came to this {image} Previously i counted it and reached wave 5 but the problem comes with retracement, we do not have a decent retracement, and this type of movement in structure usually happen in...
Fardeen, is very nice. Just remember: close on the daily chart above 1.2797 invalidates the count by R. Miner. I don't like deep wave 4, although it may be valid.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #793,855
  • Nov 29, 2023 11:35am Nov 29, 2023 11:35am
Quoting T721
for any following ----- still might push a little higher but the money is to the downside imo GBP/CHF UPDATE ---- not much action so far but this is setting up for the drop, Ya gotta be in it to win it --- Still want the balls of 200pips on this short PS, my average position is 11117 so still underwater {image}
Just in case any daftbugger is following this daftbugger

GBP/CHF UPDATE --- bloody slow going but in profit -- still want another 150pips but maybe i am being greedy
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  • #793,856
  • Nov 29, 2023 11:36am Nov 29, 2023 11:36am
In other news all my usd/chf positions are underwater and i have added more
  • #793,857
  • Nov 29, 2023 11:37am Nov 29, 2023 11:37am
Quoting Coreg2004
{quote} Fardeen, is very nice. Just remember: close on the daily chart above 1.2797 invalidates the count by R. Miner. I don't like deep wave 4, although it may be valid. {image}
Thank you, sir.
This thread really help me into becoming a better trader, as days/months passed by, while others just want free signals
More time in the market, does not mean you trade better!
  • #793,858
  • Nov 29, 2023 11:38am Nov 29, 2023 11:38am
Quoting fxmasterdxb
manipulative GU I have seen it before, I knew it’ll go down eventually {image}
well GU manipulated me eventually lol, out -6
  • #793,859
  • Nov 29, 2023 11:39am Nov 29, 2023 11:39am
Quoting Fardeen1209
{quote} Mine chart is almost the same as yours, Sir. Just i see a prolonged retracement. Am trying to integrate the Pattern analysis- Wave counts + Greater in time and/or Price correction + Dynamic Price strategies by Robert Miner (still in the middle of the book, but try to apply it in real time- easier to understand and remember the concept.) And I came to this {image} Previously i counted it and reached wave 5 but the problem comes with retracement, we do not have a decent retracement, and this type of movement in structure usually happen in...
This is halfway decent if you have time to study pal
Attached File(s)
File Type: pdf The ultimate-tech-analysis-handbook.pdf   3.8 MB | 426 downloads
  • #793,860
  • Nov 29, 2023 11:42am Nov 29, 2023 11:42am
Quoting T721
{quote} This is halfway decent if you have time to study pal {image}
Thanks Mr Terry, I always have time to read. I love reading when i have open position.
It keep me focus
More time in the market, does not mean you trade better!
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Jewel1996