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Cable Update (GBPUSD)

  • #817,801
  • Mar 20, 2024 2:41pm Mar 20, 2024 2:41pm
Quoting Whatevs
{quote} That was wise, because everyone is waiting 152 to be touched.
pure luck!
I also expected to see at least 151.90/95
90% of traders use TA, indicators and prediction
  • #817,802
  • Mar 20, 2024 2:43pm Mar 20, 2024 2:43pm
Quoting Whale
@nextElliot {image}
Whale, I have the same labeling b/c potential W_4 didn't close on the daily chart below the high of W_1 (R.Miner rules). But b/c the penetration is deep, W_5 might fail or at least won't be smooth. I will take it day by day.
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Always trade your own plan...I don't provide trading signals.
  • #817,803
  • Mar 20, 2024 2:43pm Mar 20, 2024 2:43pm
Quoting Bones
you can't change it today {image}
Well done Bones, Nubcake, Wavegarrick, BillGU and ninner! I congratulate you for being such great traders!
1.26 looking far away, well we’ll see how it goes
You have an IQ lower than 90 if you interact with this user.
  • #817,804
  • Mar 20, 2024 2:44pm Mar 20, 2024 2:44pm
Quoting _BBKing_
{quote} pure luck! I also expected to see at least 151.90/95
Well, every pair except USD/JPY and CHF/JPY is already at the new high as we speak, so USD/JPY might climb back up again and this time really break that 152 (catch SLs) and collect all Sell orders. If it continues to drop, you're doing great!

Tomorrow is another hard day... SNB, BoE and a shit ton of news to watch out for...
  • #817,805
  • Mar 20, 2024 2:44pm Mar 20, 2024 2:44pm
Quoting Whatevs
{quote} Yes. Resistance is between 170.5 -171 which I wrote this morning or yesterday IDK, doesn't matter, and it doesn't seem like CHF/JPY can break this MN resistance and if SNB cuts rates tomorrow, it's over pretty much for CHF. {image}
but don't you think the usdjpy will pull it along breaking the resistance yen is breaking weak will the rate hikes of 0%
  • #817,806
  • Mar 20, 2024 2:46pm Mar 20, 2024 2:46pm
Uj can even go back to 130.
in some months I mean
90% of traders use TA, indicators and prediction
  • #817,807
  • Mar 20, 2024 2:47pm Mar 20, 2024 2:47pm
Quoting Ferna
{quote} Well done Bones, Nubcake, Wavegarrick, BillGU and ninner! I congratulate you for being such great traders! 1.26 looking far away, well we’ll see how it goes
Thought you left..., this is becoming of a habit of folks saying they are leaving then coming back, oh well must be something to do with the youth of today...
  • #817,808
  • Mar 20, 2024 2:48pm Mar 20, 2024 2:48pm
Quoting Godspromise
{quote} but don't you think the usdjpy will pull it along breaking the resistance yen is breaking weak will the rate hikes of 0%
Good you ask that question! For some odd reason, CHF/JPY chart is looking very different from the rest of the pairs including JPY (USD/JPY is also slightly more bearish than other currency pairs which are decently bullish). CHF/JPY charts look the most bearish out of all 7 pairs, it signals that it might be over for CHF.

Let's see that SNB decision tomorrow... if SNB starts cutting than this 170 number is over.
It might be over even without SNB cutting rates, because as said... it looks weak for some reason.


GBP/JPY entered resistance zone on MN TF...

Even though other pairs skyrocketed to new highs, CHF/JPY didn't and it actually will close below Daily resistance at 170.5 today it seems.
  • #817,809
  • Mar 20, 2024 2:49pm Mar 20, 2024 2:49pm
Quoting Coreg2004
{quote} Whale, I have the same labeling b/c potential W_4 didn't close on the daily chart below the high of W_1 (R.Miner rules). But b/c the penetration is deep, W_5 might fail or at least won't be smooth. I will take it day by day. {image}
yap i know..
i've always thought if it overlap the high of 1 the count failed.. and then i read book you gave me, and i noticed it all about the close, wicks are ok.

anyway i dont use E-wave, its difficult for me.
  • #817,810
  • Mar 20, 2024 2:49pm Mar 20, 2024 2:49pm
Should have closed the positions and collected my 100 pips from EU and GU lol Gambling on FOMC was unnecessary risk
You have to have an IQ higher than 90 to interact with this user.
  • #817,811
  • Mar 20, 2024 2:51pm Mar 20, 2024 2:51pm
Quoting Whatevs
{quote} You swing trade?
intraday scalper.
but im trying to develop new skills and investigate ICT swing strategy
  • #817,812
  • Mar 20, 2024 2:59pm Mar 20, 2024 2:59pm
Quoting Nordling
Should have closed the positions and collected my 100 pips from EU and GU lol Gambling on FOMC was unnecessary risk
you can still make it, nothing is set yet
People don't plan to lose. They lose because they don't plan.
  • #817,813
  • Mar 20, 2024 3:00pm Mar 20, 2024 3:00pm
Quoting trumps
{quote} it’s a bit late for that Pat, I’ve been long since last week.
actually, it was the week before from 2750 area.
how time flys.

Powell talks, the market walks…
Compulsions can be hard to resist
  • #817,814
  • Mar 20, 2024 3:04pm Mar 20, 2024 3:04pm
Quoting Whale
{quote} yap i know.. i've always thought if it overlap the high of 1 the count failed.. and then i read book you gave me, and i noticed it all about the close, wicks are ok. anyway i dont use E-wave, its difficult for me.
Whale, alternatively, you can label W_C (1-2-3-4-5) on our charts as an ending diagonal wave. In this pattern, the sections can overlap. You never can be wrong with EW... I'm kidding. The market will always tell you when you are wrong.
Always trade your own plan...I don't provide trading signals.
  • #817,815
  • Mar 20, 2024 3:04pm Mar 20, 2024 3:04pm
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #817,816
  • Mar 20, 2024 3:05pm Mar 20, 2024 3:05pm
Quoting ScalaFX
{quote} you can still make it, nothing is set yet
Yea ur right buddy, i will look for sell positions again once the markets are calmed down. i need to see a bearish momentum building up so that i can short again
You have to have an IQ higher than 90 to interact with this user.
  • #817,817
  • Mar 20, 2024 3:07pm Mar 20, 2024 3:07pm
Quoting Whatevs
{quote} Actually, the news from Japan came out. BoJ Seen Weighing Next Rate Hike in July or October as Yen Weakens - Nikkei this is what triggered a drop on JPY pairs. Good to hear that! It seems JPY will continue to drop further, but I expect some action from Japan very, very soon because this news from Japan didn't help JPY at all it seems as they thought it might. I know intervention is old news being tossed 100 times, however if Japan is to intervene it might just be very soon since this news about BoJ hiking rates again just didn't help JPY...
Yep I read that BoJ announcement. BoJ intervention will be more like a speed bump than solution to their issues. It doesn't scare the banks. You called this...well done. I got lucky with my sell, but now looking for buying opportunities. At least until there are signs of a change in sentiment. Onward.
  • #817,818
  • Mar 20, 2024 3:08pm Mar 20, 2024 3:08pm
Bank of America
  • #817,819
  • Mar 20, 2024 3:25pm Mar 20, 2024 3:25pm
Quoting Whatevs
{quote} Well, every pair except USD/JPY and CHF/JPY is already at the new high as we speak, so USD/JPY might climb back up again and this time really break that 152 (catch SLs) and collect all Sell orders. If it continues to drop, you're doing great! Tomorrow is another hard day... SNB, BoE and a shit ton of news to watch out for...
yes ok I forgot. Already took out the uj short
was target near prev swing high.
90% of traders use TA, indicators and prediction
  • #817,820
  • Mar 20, 2024 3:26pm Mar 20, 2024 3:26pm
Quoting eyefeelsix
{quote} It's not about greed all about opportunity #myTP_level_updated {image}

re-entry sell after trailing-stop hit!

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