Cable Update (GBPUSD)

Quoting BeeTogether

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{quote} And it’s a trickle down too without much in data to push it. If there was important data to aggregate the move we’d probably have a much bigger drop by now to probably around 12750

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Quoting Pat Chiko

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{quote} Hi Bro, Im still a learner for EW , much from Goreg and hope to get better and proficient like him. BTW, thanks for sharing your thoughts on Elliott Wave Theory! I totally agree with you—counting waves can be tricky, and it's essential to use higher timeframes like daily and 4-hour charts to get a clear picture. Making sure the waves on the lower timeframes match up with the higher ones is key to avoiding mistakes. Besides Elliott Wave, I think it's also really important to pay attention to support and resistance levels. These can give you...

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Quoting Pat Chiko

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{quote} Hi Bro, Im still a learner for EW , much from Goreg and hope to get better and proficient like him.

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Quoting Moty

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{image}

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Quoting Pat Chiko

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{quote} Hi Bro, Im still a learner for EW , much from Goreg and hope to get better and proficient like him. BTW, thanks for sharing your thoughts on Elliott Wave Theory! I totally agree with you—counting waves can be tricky, and it's essential to use higher timeframes like daily and 4-hour charts to get a clear picture. Making sure the waves on the lower timeframes match up with the higher ones is key to avoiding mistakes. Besides Elliott Wave, I think it's also really important to pay attention to support and resistance levels. These can give you...

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Quoting BeeTogether

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{quote} I could be wrong but dont try to catch a falling knife buddy, it will cut hard.. we are at support area it seems a push below of any kind and we can kiss goodbye to 129-130 till potentially BoE next week

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Quoting sakimer

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{quote} Chiko, how are you? I wonder where you got photos like that from? Japan has a lot of delicious alcoholic drinks since ancient times. There's even a proverb that says "alcohol is the best medicine." But that's mostly a lie; no one who drinks heavily just to change their mood lives long. Even in FX, people who win too much will not live long. If Chiko wins too much, people will be jealous. I hope you can win moderately and live a long life, and I wish you happiness and success. Sorry for the long and poor writing. {image} {image} Postscript...

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Quoting Fardeen1209

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{quote} Hello bro, me too still a learner and learning from mr Goreg. I like to use his chart as guidance, since wave counting have the tendency to be subjective especially when market gets choppy and the length & the pattern the correction will take, will only know after it ends, while structure of the market give us the fact to work with. Wave shapes our belief where price might head with higher probability. With market structure building in the same direction as the expected wave, it increases our confidence in the wave. Matter of fact, i should...

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Quoting Pat Chiko

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{quote} Hi Bro, I appreciate your take on GBP/USD and how price often moves based on high-impact news. You're definitely right that data can drive significant shifts. But I think there's another layer to consider. Algorithmic trading has a huge influence on the markets these days. These algorithms can make the price do the opposite of what most people expect, leading to unexpected movements. They don't just rely on news or data—they react to technical levels, patterns, and even market sentiment. So while data is important, we also have to keep in...

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Quoting Moty

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New strategy 5m macd on m1 chart Wait for rsi stochastic to go for the back and scalp for few pips or pts Ilke to take goldi for 2 pts , i trade every pt for 10 $ {image}

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Quoting Pat Chiko

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{quote} Hi Bro, I appreciate your take on GBP/USD and how price often moves based on high-impact news. You're definitely right that data can drive significant shifts. But I think there's another layer to consider. Algorithmic trading has a huge influence on the markets these days. These algorithms can make the price do the opposite of what most people expect, leading to unexpected movements. They don't just rely on news or data—they react to technical levels, patterns, and even market sentiment. So while data is important, we also have to keep in...

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Quoting Pat Chiko

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{quote} Adding to that, I noticed there was a massive move in the US yield curve yesterday. It got me thinking—could this be due to balanced funds being liquidated on a large scale? Or maybe the market is anticipating more rate cuts than expected, possibly even for July? It’s also interesting that long bonds were down on a risk-off day, especially with rate cut expectations nearing 100%. This might suggest the market is expecting more rate cuts than initially thought, and July could still be on the table. What do you think about this? I'd love to...

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Quoting ScalaFX

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{quote} take profit now, price wants upper levels

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Quoting Moty

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New strategy 5m macd on m1 chart Wait for rsi stochastic to go for the back and scalp for few pips or pts Ilke to take goldi for 2 pts , i trade every pt for 10 $ {image}

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Quoting Pat Chiko

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{quote} Adding to that, I noticed there was a massive move in the US yield curve yesterday. It got me thinking—could this be due to balanced funds being liquidated on a large scale? Or maybe the market is anticipating more rate cuts than expected, possibly even for July? It’s also interesting that long bonds were down on a risk-off day, especially with rate cut expectations nearing 100%. This might suggest the market is expecting more rate cuts than initially thought, and July could still be on the table. What do you think about this? I'd love to...

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Quoting jhinzuth

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{quote} PAT bro, Wwhat books do you recommend to understand A-B-C? 1-2-3 and fibonnaci, I was studying your graphs, but I don't know what books to read since there is a lot of information on the web, but I don't know which one to choose? If you would be so kind as to advise me.

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Quoting Fardeen1209

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{quote} Aint july a bit too soon? Tho we move into a goldilocks economic condition, FED still want to play the card "dont rush, we can afford to hold here." Sept seems right, since we already have 3 consecutive months of falling inflation readings, conserning unemployment rate, and good growth for a soft landing. But 3.0% inf rate still too high from fed target. Even tho they said we don't need to wait for the 2% to start cutting else it might be too late, the real interest rate will becomes more restrictive when inf rate falls below 3.0%. So if...

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