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Cable Update (GBPUSD)

  • #797,161
  • Dec 14, 2023 11:38am Dec 14, 2023 11:38am
Quoting Coreg2004
Disclaimer: I don't post my charts b/c I know what's going to happen in the future (for sure), I post them b/c I would like traders here to be aware of other possibilities ahead. To check the accuracy of my setups playing out, please check the history of my posting (don't take anybody's word for it). {image}
GU

I saw this set up and trying to match yours
The only thing I saw, your chart are beautifully carve, mine is crude.

But I'm learning.

Does it want to go to 138% fib to fill Wave 3 ?
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #797,162
  • Dec 14, 2023 11:38am Dec 14, 2023 11:38am
Quoting Pat Chiko
{quote} Some call it crazy... but for some, it's how participants play the game. The term "manipulation" is often misnomer in the forex market. It's more about unknowledgeable traders falling victim to emotions and misinformation, leading to self-fulfilling prophecies and domino effects. Market makers (MMs) don't manipulate prices by adjusting numbers (that's illegal!). Instead, they facilitate trading by matching buyers and sellers, providing liquidity and keeping the market functioning smoothly. They don't push prices; they simply fill orders....
I agree with most of what you said.
However, do not underestimate their ability to manipulate the price.
Roll over is a great example of how they widen the spread and shake positions out which under normal circumstances would not have stopped the trader out. They make you sign for this bullying behaviour in the small print of their contracts and do not hesitate to remind you of that in case you fall victim to a roll over shake out. They simply tell you that during roll over their liquidity providers widened the spread and that they have no control over it. When you ask for the data ( broker feed from their liquidity providers), they also tell you that under their signed agreement with you, they have no obligation to provide such. So you have no legal standing to compare such data with other brokers feed/charts even though the unexpected price spike towards your stoploss comparing to other brokers charts is plain to see.
Many brokers do not update their price/candles frequently which is a nightmare for scalpers.
Many broker tricks can be overcome once you are experienced and know the game. For others it ends in tears.
Never Ever Give Up!
  • #797,163
  • Dec 14, 2023 11:40am Dec 14, 2023 11:40am
Quoting BeeTogether
{quote} wasn’t 128 a big support area during the last 900 pip drop in July? If so it could prove to a new resistance level. Keenly watching it. Have my TP there to maybe go short there
Quoting Coreg2004
{quote} BT, maybe b/c on the daily chart is strong support...at least for now.{image} 30M chart adequately...{image}
BT, excellent memory. Now point A can be resistance...Here is the daily chart
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #797,164
  • Dec 14, 2023 11:45am Dec 14, 2023 11:45am
first entry short @ 1.2780

RR 1:1
MY OPINION NOT FINANCIAL ADVISE
  • #797,165
  • Dec 14, 2023 11:55am Dec 14, 2023 11:55am
Quoting Pat Chiko
{quote} Bro Goreg. Beautiful and very informative chart as always. Thanks so much for sharing your insights and charts! We're all learning and growing together, and your contributions are invaluable. Even if you feel like it's just a small thing, your knowledge and foresight give us a huge boost in understanding the market. It may take some time, but we're all soaking up your wisdom, one step at a time. Remember, we're all in this together, and your real-time guidance is truly valuable. Keep shining those market insights! Dont worry too much, after...
Thanks, Pat. I know one or two things about TA and want to share them with others. I love to be here.
Always trade your own plan...I don't provide trading signals.
  • #797,166
  • Dec 14, 2023 11:56am Dec 14, 2023 11:56am
Quoting dantpm
{quote}[/i] I was focused on the criteria of 2% inflation. The only hope of getting to 2% inflation is if they fudge the numbers, which is always possible. With Biden still spending money like there is no tomorrow on current and planned wars as well as the new southern border initiative, the money supply continues to increase and inflation will be higher than 2%.
I agree with you, I don't believe anything the FED say, but the market believes what they say.
I don't remember the exact words but Powell said he would cut well before the 2% target.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #797,167
  • Dec 14, 2023 11:57am Dec 14, 2023 11:57am
Damn 128 missed by a whisker. Will keep this running until 128 is kissed
Insane in the Brain..
  • #797,168
  • Dec 14, 2023 12:13pm Dec 14, 2023 12:13pm
Quoting Coreg2004
{quote} {quote} BT, excellent memory. Now point A can be resistance...Here is the daily chart {image}

Thanks for your hard work. Appreciated. My targets based on D1. Likely the same as your target. ERMM..
Attached Image (click to enlarge)
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Look right, we'll see the signs
  • #797,169
  • Dec 14, 2023 12:14pm Dec 14, 2023 12:14pm
Quoting trumps
{quote} Just checked the weekly again. I have to short it again. {image}
Went with the crowd again and got bitten again
https://www.forexfactory.com/trades#...ions-details=1
Compulsions can be hard to resist
  • #797,170
  • Dec 14, 2023 12:16pm Dec 14, 2023 12:16pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #797,171
  • Dec 14, 2023 12:16pm Dec 14, 2023 12:16pm
Quoting BeeTogether
Damn 128 missed by a whisker. Will keep this running until 128 is kissed

hardest zones for H1. There are fresh liquidity pools based on D1.
Look right, we'll see the signs
  • #797,172
  • Dec 14, 2023 12:18pm Dec 14, 2023 12:18pm
Quoting donfriday
first entry short @ 1.2780 RR 1:1
how are you d
  • #797,173
  • Dec 14, 2023 12:22pm Dec 14, 2023 12:22pm
Quoting BeeTogether
Damn 128 missed by a whisker. Will keep this running until 128 is kissed
Now we get to watch the whipsaw swings as people try to jump in on a turn around.
In DXY as well so it must be impacting multiple pairs.
  • #797,174
  • Dec 14, 2023 12:23pm Dec 14, 2023 12:23pm
Quoting Whale
{quote} how are you d
Gud man, u making lots of pips
MY OPINION NOT FINANCIAL ADVISE
  • #797,175
  • Dec 14, 2023 12:25pm Dec 14, 2023 12:25pm
6hrs hours before i got entry


patience is important
MY OPINION NOT FINANCIAL ADVISE
  • #797,176
  • Dec 14, 2023 12:30pm Dec 14, 2023 12:30pm
Gold support at 2019
  • #797,177
  • Dec 14, 2023 12:30pm Dec 14, 2023 12:30pm
Quoting navk
12 noon est candle and last 4 hr candle can be expected to be choppy with a bearish tone. Shorted GU for few.
Closed my short trades and done for the day.

Onething I noticed....

On regular ADR days, I am able to capture good close to 2 %.

On DRE ( Coreg terminology ) days, i find it difficult.

Both accounts more than 1 % +
Attached Image(s) (click to enlarge)
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Intraday only.
  • #797,178
  • Edited 1:00pm Dec 14, 2023 12:36pm | Edited 1:00pm
Quoting Coreg2004
Disclaimer: I don't post my charts b/c I know what's going to happen in the future (for sure), I post them b/c I would like traders here to be aware of other possibilities ahead. To check the accuracy of my setups playing out, please check the history of my posting (don't take anybody's word for it). {image}
DRE and less than ADR are very useful, both have lots of meaning on same day and next day/s
Intraday only.
  • #797,179
  • Dec 14, 2023 12:37pm Dec 14, 2023 12:37pm
Quoting dantpm
{quote} Now we get to watch the whipsaw swings as people try to jump in on a turn around. In DXY as well so it must be impacting multiple pairs.
im leaving it there today , keep the long running for a bit. If we see 128 then there is a chance it will go a lot higher as the support level gave way. However it took time to crack
Insane in the Brain..
  • #797,180
  • Dec 14, 2023 12:38pm Dec 14, 2023 12:38pm
Quoting BeeTogether
{quote} im leaving it there today , keep the long running for a bit. If we see 128 then there is a chance it will go a lot higher as the support level gave way. However it took time to crack
Take your profits.
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