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Cable Update (GBPUSD)

  • #797,521
  • Dec 15, 2023 12:19pm Dec 15, 2023 12:19pm
Quoting Zebi
{quote} ok...im a contrarian trader so i dont know how sentiment works LOL thanks for letting me know
haha okay good luck to you zebi . I say we conclude this manner before twee steps in and bans us both . good luck to you
Master your mind. Master Trading.
  • #797,522
  • Dec 15, 2023 12:20pm Dec 15, 2023 12:20pm
Quoting Bones
{quote} looks like a double top though
let me check my charts are you taking positions ?
Master your mind. Master Trading.
  • #797,523
  • Dec 15, 2023 12:24pm Dec 15, 2023 12:24pm
Quoting KareemAliFx
{quote} let me check my charts are you taking positions ?
not the Dow I'm interested in Nasdaq,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #797,524
  • Dec 15, 2023 12:24pm Dec 15, 2023 12:24pm
Quoting KareemAliFx
{quote} haha okay good luck to you zebi . I say we conclude this manner before twee steps in and bans us both . good luck to you
Twee's not going to ban you for being right, nor ban others for being retards... just look at them all on here, existing.

It's been fun watching you argue with someone who can't spell.
Congratulations ScalaFX for coming out of the closet!
  • #797,525
  • Dec 15, 2023 12:26pm Dec 15, 2023 12:26pm
Quoting Bones
{quote} looks like a double top though
  • #797,526
  • Dec 15, 2023 12:27pm Dec 15, 2023 12:27pm
cable weekly is highly likely to go higher than this week high based on the pattern,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #797,527
  • Dec 15, 2023 12:29pm Dec 15, 2023 12:29pm
Quoting nubcake
{quote} Twee's not going to ban you for being right, nor ban others for being retards... just look at them all on here, existing. It's been fun watching you argue with someone who can't spell.
lol that made me chuckle thanks buddy cheers
Master your mind. Master Trading.
  • #797,528
  • Dec 15, 2023 12:30pm Dec 15, 2023 12:30pm
Quoting Bones
cable weekly is highly likely to go higher than this week high based on the pattern, {image}
if the bull continues, we can’t rule out the years high which makes a decent area 130-13150 to look for shorts
Insane in the Brain..
  • #797,529
  • Dec 15, 2023 12:31pm Dec 15, 2023 12:31pm
Quoting Bones
{quote} not the Dow I'm interested in Nasdaq,
Nas100 looks bullish on higher time frame especially the weekly. 4HR looks bearish . For me personally I sit out on that . Good luck my friend
Master your mind. Master Trading.
  • #797,530
  • Dec 15, 2023 12:42pm Dec 15, 2023 12:42pm
Quoting Bones
cable weekly is highly likely to go higher than this week high based on the pattern, {image}
Bones, you might be right but on the daily chart, there is the possibility of 250 pips correction—unacceptable DD for the day trader.
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Always trade your own plan...I don't provide trading signals.
  • #797,531
  • Dec 15, 2023 12:45pm Dec 15, 2023 12:45pm
Quoting genadi
Sell GU at 1.2771 30 Lots Lets go!

close here at 1.2687

84 pips profit with very big position

  • #797,532
  • Edited Dec 16, 2023 12:20pm Dec 15, 2023 12:52pm | Edited Dec 16, 2023 12:20pm
W/E

What happened/where we are;
* The (142% 13 wk awr) Wkly candle closed bullishly. A H @ 2732 after the LH @ 2337, HL @ 2669 and what will be, by the close of this week's candle a 2nd HL @ 2500. There will be a HH on this t/f when it prints fractally @ this week's 2794 hi, or higher. This t/f may be @ the start of an uptrend?
* Friday's Dly (125% of 30day adr) candle closed bearishly, and barring the broker spread widening @ open close as dark cloud cover to Thursday's bullish thrust dly candle? (Double top anybody?) The t/f remains in a general uptrend and after the slight LL @ 2500 there is now a H (above the last HH which was @ 2732.)
* The 4hr closed in a weakened general uptrend after a HL then a LH 1st test of the pot res zone to the 2794 wkly hi - achieved on Thursday. The last candle close on this t/f was the 3rd consecutive bearish-bodied candle close.
* 1hr closed the week in what may be the beginnings of a so far classic downtrend. It's last candle close was a small range doji after the last but one bearish engulfing close.

(Chart conditions per 3 candle fractal swing analysis.)

What's next?
As always, no one knows for sure. Don't let them tell you they do! The wkly candle close would seem to suggest more upside at some point, but the 1hr downtrend and weakness in the 4hr uptrend, to say nothing of Fri's dly bearish dark cloud cover thrust candle close would seem to suggest there could be more downside before that? It will be the week going into the Xmas break next trading week commencing Monday so volumes and liquidity could begin to suffer as the week goes on. This could manifest itself as either exaggerated moves and/or ranginess? It is therefore probably unlikely that there will be an upside extension above the 3142 current yrly hi this coming week, unscheduled event risks allowing? Remember though - anything can happen!

Wkly, Dly, 4hr, then 1hr below
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Trader with an Edge.
  • #797,533
  • Dec 15, 2023 1:01pm Dec 15, 2023 1:01pm
Quoting KareemAliFx
{quote} Nas100 looks bullish on higher time frame especially the weekly. 4HR looks bearish . For me personally I sit out on that . Good luck my friend
I've seen people talk about cup and handle, but I prefer a double top
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #797,534
  • Dec 15, 2023 1:07pm Dec 15, 2023 1:07pm
Quoting genadi
{quote} close here at 1.2687 84 pips profit with very big position
Very cool to let that trade open during 24 hours

I missed today a lot pips because of closing it very fast mainly with eur/usd. Should learn trading for longer period.
  • #797,535
  • Dec 15, 2023 1:12pm Dec 15, 2023 1:12pm
Quoting trumps
{quote} Went with the crowd again and got bitten again https://www.forexfactory.com/trades#...ions-details=1
Finally a short went my way.

Looking for buy signals soon, unless the daily indicates it wants to go crazy down
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Compulsions can be hard to resist
  • #797,536
  • Dec 15, 2023 1:12pm Dec 15, 2023 1:12pm
Have a good weekend everyone!

JEM.
JEM
  • #797,537
  • Dec 15, 2023 1:12pm Dec 15, 2023 1:12pm
Quoting Bones
{quote} I've seen people talk about cup and handle, but I prefer a double top {image}
the problem with this chart is that yes you’re right about the potential double top . But that weekly is a strong bullish candle indicating buyers are in control . I say wait for a good bearish 4HR candle coming down first so we know there are sell orders there . Just my opinion but we need more information
Master your mind. Master Trading.
  • #797,538
  • Dec 15, 2023 1:18pm Dec 15, 2023 1:18pm
Cable loves a pump 'n Dump, Shake 'n Bake out.
Weekly soon to close back below 61.8
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Compulsions can be hard to resist
  • #797,539
  • Dec 15, 2023 1:27pm Dec 15, 2023 1:27pm
Channel I am watching
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Compulsions can be hard to resist
  • #797,540
  • Dec 15, 2023 1:33pm Dec 15, 2023 1:33pm
Quoting KareemAliFx
{quote} no this is not a “I told you so moment “ for you Mr Dan! I’m still right about the fed meeting being dovish as the fact is gold rallied hard after it and I profited from it anyway have a good weekend
I am glad you profited. It does appear that Williams (part of the FED) didn't have the same interpretation that you did.
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