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Cable Update (GBPUSD)

  • #795,641
  • Dec 7, 2023 5:02am Dec 7, 2023 5:02am
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yes yes yes
  • #795,642
  • Dec 7, 2023 5:07am Dec 7, 2023 5:07am
...to the upside, the prev 4hr/minor dly sw lo zone = prev supp = pot sbr that begins @ 2603, on dly extends up to circa 2620. There are 5 upside fibs in that zone incl a 4 fib cluster 2610-16.
Trader with an Edge.
  • #795,643
  • Dec 7, 2023 5:14am Dec 7, 2023 5:14am
Quoting Jolita
GU should drop to 12464-50 (daily), Weekly resistance held at EMA200 12735, above 1.3 in picture.
With DOW, S&P500,and NASDAQ are falling, and GU is about to join the gang.
While German DAX Becomes the first Index in the G7 to make a NEW All Time high.

And GOLD may have broken the trendline, the next target could be 2038-2040.
Already moved up 100 pipis today..
There are a lot of pending sell orders being installed

GBP/USD prolongs its agony to breaks above 1.2600 with up coming not so good news for US ADP data
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,644
  • Dec 7, 2023 5:29am Dec 7, 2023 5:29am
Quoting Zebi
{quote} so please do your own research cause im not wasting anymore of my time on this {image} {image}
lol, I DO do my "own" research, and if you did YOUR research, you would know that each Forex broker uses different liquidity suppliers to get bids/asks... hence the differences in available liquidity amongst the different brokers
  • #795,645
  • Dec 7, 2023 5:33am Dec 7, 2023 5:33am
Quoting Fardeen1209
{quote} Wave V {image} 5 fractals with small Wave (i) & (v) while a displacement candlestick[Wave (iii)] for NFP. {quote} 4hr Dz While some folks call EW is BS, is it really? Complexity- can easily get lost on the fractals counting. But using different time frame confirms the wave counting.
GU Daily EW
High possibility for Daily EW count to become invalid; i.e it will be no longer a Weekly corrective wave B, but a new trend up with Fib Extension of Wave iii and Alternate Price projection (APP) of Wave i at start of Wave v all suggesting the daily EW count to become invalid (didnt use APP of Wave iii - as it is a bit too long). Some EW experts change the 3 rules defined by Elliot himself into their 3 guidelines with Wave 4 traded back into Wave 1 range but no daily close.
Attached Image (click to enlarge)
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Daily Supply Zone at 1.285 will play a crucial role in the EW. So Spike up to SZ then need a daily close below [email protected] (1); otherwise A, B, and C will become 1, 2 and 3 respectively.

Given all FIB extension are pointing to 1.29, which will invalid the count. and swing shorts means betting against a trend (will use APP of wave iii to project possible end of wave 3 and Start of Wave 4 if Daily close > RSF @ 1.28)

If NFP tomorrow comes out bad tomorrow, this will be my last post and last fresh trade for 2023. will only manage my current buys and will add-ons till EOY.

EW Summury:
(i)- 15mins
(i)-30mins

i-1hr
1-4hr
1- Daily
1- Weekly
More time in the market, does not mean you trade better!
  • #795,646
  • Dec 7, 2023 5:41am Dec 7, 2023 5:41am
Quoting Pat Chiko
{quote} GU Thanks for your interesting chart. I copy you with some notes inserted. We wait for the price to come there...which GU now becoming a slow motion trades. {image} While enjoy the GBP/JPY free fall trades. Bloody GJ..{image}
GU

Revision.

Still bearish on this set up.
Going for SHORT trades at NY.
Target next FVG

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,647
  • Dec 7, 2023 5:43am Dec 7, 2023 5:43am
...so more sbr deeper in that prev 4hr minor sw lo zone, coexistent with the prev 30min sw hi zone = prev res = pot res, finding some demand in a prev minor 30min sw lo zone now on the p/back from current dly hi. This pot sbr zone on 4hr extends up to circa 2594.

1hr below
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Trader with an Edge.
  • #795,648
  • Dec 7, 2023 5:45am Dec 7, 2023 5:45am
Quoting Pat Chiko
{quote} With DOW, S&P500,and NASDAQ are falling, and GU is about to join the gang. While German DAX Becomes the first Index in the G7 to make a NEW All Time high. And GOLD may have broken the trendline, the next target could be 2038-2040. Already moved up 100 pipis today.. There are a lot of pending sell orders being installed GBP/USD prolongs its agony to breaks above 1.2600 with up coming not so good news for US ADP data
True opportunity is BSE Sensex, IMHO.

The only sex i want before marriage
More time in the market, does not mean you trade better!
  • #795,649
  • Dec 7, 2023 5:54am Dec 7, 2023 5:54am
Quoting Pat Chiko
{quote} GU Thanks for your interesting chart. I copy you with some notes inserted. We wait for the price to come there...which GU now becoming a slow motion trades. {image} While enjoy the GBP/JPY free fall trades. Bloody GJ..{image}
GJ has been a no brainer. Nice call on
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the QM,I keep missing them. More practice.
  • #795,650
  • Dec 7, 2023 5:57am Dec 7, 2023 5:57am
Lets put a spanner in the works for the shorters


H4 is moving up against D1 which is moving down so correction in phase, D1 moving down with W1

RISKY to Short atm
Follow The Markets Structure - Patience and Discipline
  • #795,651
  • Dec 7, 2023 5:57am Dec 7, 2023 5:57am
.. .last gmt+24hr close was a bullish thrust that engulfed previous 3 candles on that t/f. 2 touches and holds of the lower falling wedge bottom on 1hr (not including the one @ open re broker spread widening, - and the top of the (original) wedge has already been broken to the upside.

1hr below
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Trader with an Edge.
  • #795,652
  • Dec 7, 2023 5:57am Dec 7, 2023 5:57am
Quoting Pat Chiko
{quote} GU Revision. Still bearish on this set up. Going for SHORT trades at NY. Target next FVG {image}
GU

Observation.

From the GU movement days to trade leading to NFP on Friday.
Mon through to Thursday is accumulation before Friday and ........Friday is the manipulation.
ADP below expectation.
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We may see a consolidative price move as traders await US NFP on Friday.
We wait....
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,653
  • Dec 7, 2023 6:13am Dec 7, 2023 6:13am
Attached Image (click to enlarge)
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yes yes yes
  • #795,654
  • Dec 7, 2023 6:15am Dec 7, 2023 6:15am
....that last 1hr close didn't do the bulls any favours lol! There is a repeating pattern of bearish hidden div on 1hr @ current dly hi which may stay good as a pattern so long as below 2613.

1hr below
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Trader with an Edge.
  • #795,655
  • Dec 7, 2023 6:16am Dec 7, 2023 6:16am
prepare for big short,,H1 upperbands are kick the cable..
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  • #795,656
  • Dec 7, 2023 6:17am Dec 7, 2023 6:17am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 1.3 MB
yes yes yes
  • #795,657
  • Dec 7, 2023 6:18am Dec 7, 2023 6:18am
Quoting Pat Chiko
{quote} GU Revision. Still bearish on this set up. Going for SHORT trades at NY. Target next FVG {image}
GU

Lets try some , if got luck
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,658
  • Dec 7, 2023 6:18am Dec 7, 2023 6:18am
C'mon bears, give us some more pips.
Risk Management is of utmost importance!
  • #795,659
  • Dec 7, 2023 6:24am Dec 7, 2023 6:24am
...bears need to get below the prev 1hr minor sw hi then lo zone/61.8% of current dly lo-hi to expose y/day's 2544 lo?

1hr below
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Trader with an Edge.
  • #795,660
  • Dec 7, 2023 6:25am Dec 7, 2023 6:25am
i'm short 1.2564
vankiepsauff@gmail
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