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Cable Update (GBPUSD)

  • #834,101
  • Aug 1, 2024 1:14pm Aug 1, 2024 1:14pm
...quite a day -price broke the wkly asc t/line that joins 2300~2615 and has arrived @ a prev 4hr/dly sw hi zone = pot rbs. Wkly S3 runs thru the dly part of this @/around 2731. Very bearish day all in all, (so far.)
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On that subject of manipulation, whether or not - it is the playing field we choose to play on. Metaphorically speaking we are single fish in the ocean we choose to swim in. We cannot influence it at our level, but there are still edges to be had/found on it.

dly below
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Trader with an Edge.
  • #834,102
  • Aug 1, 2024 1:16pm Aug 1, 2024 1:16pm
Quoting Obdyx
Bullish engulfer on M15. Are the bears through for the day? We shall find out soon enough
Bullish Engulfer negated, meaning the bears are still on the driving seat
  • #834,103
  • Aug 1, 2024 1:23pm Aug 1, 2024 1:23pm
Quoting jordanvic
i flipped my short to long at 1.275. hoping to catch some reversal action before NFP
you me both lol
Insane in the Brain..
  • #834,104
  • Aug 1, 2024 1:24pm Aug 1, 2024 1:24pm
Quoting Coreg2004
{quote} Fardeen, those on the right side of the market during manipulation never complain. I say the market cooperated with my analysis, and bearish Gartley paid off. Go figure.
Coreg,

Gartley, Butterfly and 5-0 is the best Harmonic Patterns ( inMy Opinion ) that I still use until now
https://breakpullback.com
  • #834,105
  • Aug 1, 2024 1:26pm Aug 1, 2024 1:26pm
Quoting Georginson
Back at daily low yet again... Bought 1.2752... target 1.2800 stop 1.2733...
stop adjusted to 1.2720...
Data + Stat + Risk/Emotions Management
  • #834,106
  • Aug 1, 2024 1:28pm Aug 1, 2024 1:28pm
Quoting Georginson
{quote} stop adjusted to 1.2720...
Georg, just a suggestion put your sl a few pips below 1.270
https://breakpullback.com
  • #834,107
  • Aug 1, 2024 1:28pm Aug 1, 2024 1:28pm
Quoting Wavegarrick
{quote} Nothing to hide, nothing to gain. The above buy trade was taken out for a 56 pip loss. I am in with some more buy trades. I do suspect a reversal to the upside at some point. Trade safe, Cheers. {image}
Unlucky Leon, never mind it's only money...
  • #834,108
  • Aug 1, 2024 1:29pm Aug 1, 2024 1:29pm
Maybe NFP will reverse the market
  • #834,109
  • Aug 1, 2024 1:30pm Aug 1, 2024 1:30pm
Quoting Fardeen1209
{quote} Indeed everyone look the green pips. But not all the time we will be on the right side. When we are on the wrong side, we know it, and humble enough to cut the losses. We are not blowing an account just because we cannot be wrong. BTW EW with market structure it does feel like the market listen to your chart.
Fardeen, sometimes I have crazy thoughts that MMs drive the price in our direction to prove us Elliottisins right. Of course, it's not true but in every chaos is an order and we find our ABC pattern. Look below.
Dow theory is a very good idea.
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Wyckoff theory is a very good idea.
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Attachment g
EWP is stupid, run Forest run away from it.
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Always trade your own plan...I don't provide trading signals.
  • #834,110
  • Aug 1, 2024 1:34pm Aug 1, 2024 1:34pm
Quoting eyefeelsix
{quote} Georg, just a suggestion put your sl a few pips below 1.270
I will consider this good advice. Thanks mate.
Data + Stat + Risk/Emotions Management
  • #834,111
  • Aug 1, 2024 1:40pm Aug 1, 2024 1:40pm
Quoting eyefeelsix
{quote} Coreg, Gartley, Butterfly and 5-0 is the best Harmonic Patterns ( inMy Opinion ) that I still use until now
eyefeelsix, my favorites are bat- the last zone if the market makes retracement, and the butterfly pattern if the market makes extension. I always have them on any chart.
Always trade your own plan...I don't provide trading signals.
  • #834,112
  • Aug 1, 2024 1:44pm Aug 1, 2024 1:44pm
2024 OPEN 1.27 1000pips range

POSSIBLE UP 1.37
POSSIBLE DOWN 1.17


1.37 IS A REALISTIC TARGET

Looking for swing entry below 1.2750 in the Q3
MY OPINION NOT FINANCIAL ADVISE
  • #834,113
  • Edited 2:37pm Aug 1, 2024 2:11pm | Edited 2:37pm
Quoting Coreg2004
{quote} Fardeen, sometimes I have crazy thoughts that MMs drive the price in our direction to prove us Elliottisins right. Of course, it's not true but in every chaos is an order and we find our ABC pattern. Look below. Dow theory is a very good idea.{image} Wyckoff theory is a very good idea.{image}4771510 EWP is stupid, run Forest run away from it. {image}
Sometimes you wish the market respected these diagrams. Whenever it wants to it makes sure to delay, frustrate, and confuse traders before making the move. And if traders hang on the movers completely change the trajectory for a moment. For example, if GU was to fall this much what was it doing near 1.31 few days ago?
  • #834,114
  • Aug 1, 2024 2:11pm Aug 1, 2024 2:11pm
Quoting donfriday
2024 OPEN 1.27 1000pips range POSSIBLE UP 1.37 POSSIBLE DOWN 1.17 1.37 IS A REALISTIC TARGET Looking for swing entry below 1.2750 in the Q3
Smart plan. I am looking for 1.40

To add to your plan, 2706 was July's monthly pivot. It was a bullish month. I expect another bullish month and hence do not expect price to come near 2706.
  • #834,115
  • Aug 1, 2024 2:19pm Aug 1, 2024 2:19pm
Quoting Headland
...quite a day -price broke the wkly asc t/line that joins 2300~2615 and has arrived @ a prev 4hr/dly sw hi zone = pot rbs. Wkly S3 runs thru the dly part of this @/around 2731. Very bearish day all in all, (so far.) ...{image}
Price tested deeper - around Wkly S3, into the dly part of that prev 4hr/dly sw hi zone = pot res, that begins @ 2840. I thought there was a quick long in there judging by the bullish regular div in my 1min to 1hr 2 x oscillators on my trade trigger charts. Just a quick scalp, (+?) Mthly S1 is down @/around 2632.

Price @ current dly lo is @ 225% of 30day adr, and 110% of 13wk awr.


Downside Fibs graphic below
Attached Image
Trader with an Edge.
  • #834,116
  • Aug 1, 2024 2:21pm Aug 1, 2024 2:21pm
Checking pa , not expect 2720/30 may test today , anyway after 2720 , 2700 and 2665 may supports next !
Now limit up 2804
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #834,117
  • Aug 1, 2024 2:28pm Aug 1, 2024 2:28pm
Quoting Mitiblotch
{quote} Smart plan. I am looking for 1.40 To add to your plan, 2706 was July's monthly pivot. It was a bullish month. I expect another bullish month and hence do not expect price to come near 2706.

plan to risk 1k usd
I already start loading buy at 1.2729
will add more until my total entry risk is 1k

all sl will be at 1.2550

the total risk is less than 1% of my my account
MY OPINION NOT FINANCIAL ADVISE
  • #834,118
  • Edited Aug 2, 2024 8:12am Aug 1, 2024 2:35pm | Edited Aug 2, 2024 8:12am
Nasdaq and GU forming the same pattern @ bottom, NS has a gap far above...
long on both
Air force
  • #834,119
  • Aug 1, 2024 2:49pm Aug 1, 2024 2:49pm
Quoting piphuntinge
Maybe NFP will reverse the market
depends on it being the better than forecasted. Powell mentioned various data coming out red will help a rate cut
Insane in the Brain..
  • #834,120
  • Aug 1, 2024 2:51pm Aug 1, 2024 2:51pm
Quoting Pat Chiko
{quote} GU Structure rejection to fib @ SRF zone{image}
GU

Partial TP
Moved to positive stop.
Pullback to Tokyo session

Next target weekly FVG ( previous posted chart)
Any break of structure is the sign of reversal on NFP data release.
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Trade safe
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