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Cable Update (GBPUSD)

  • #835,981
  • Aug 22, 2024 5:09am Aug 22, 2024 5:09am
...a 1st upside b/o of Asian hi, then Y/day's hi, and they remain true so far. Asian lo is presently the current dly lo.

1hr below
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Trader with an Edge.
  • #835,982
  • Aug 22, 2024 5:13am Aug 22, 2024 5:13am
Quoting Headland
...a 1st upside b/o of Asian hi, then Y/day's hi, and they remain true so far. Asian lo is presently the current dly lo. 1hr below {image}

yup 13080 not been touched yet. Maybe green US data will provide that
Insane in the Brain..
  • #835,983
  • Aug 22, 2024 5:15am Aug 22, 2024 5:15am
Quoting BeeTogether
{quote} yup 13080 not been touched yet. Maybe green US data will provide that
Hi, yeh could do....it remains very bullish so far today, and overall, but you get the feeling there's a decent p/back on the way, if only given the steepness of the rise? This said 'feelings' are not my trading edge so I try to ignore them, lol!
Trader with an Edge.
  • #835,984
  • Aug 22, 2024 5:16am Aug 22, 2024 5:16am
Quoting Moty
Give me more mf {image}
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yes yes yes
  • #835,985
  • Aug 22, 2024 5:23am Aug 22, 2024 5:23am
Quoting Headland
{quote} Hi, yeh could do....it remains very bullish so far today, and overall, but you get the feeling there's a decent p/back on the way, if only given the steepness of the rise? This said 'feelings' are not my trading edge so I try to ignore them, lol!
that gut feeling thing is where i fail, like yesterday gut feeling we could see 13050-60 after the spike up and going short. Today there is US Data its looking Red from the forecast any surprise may kick off something bearish. Looking at where we are I wont be surprised if we see 13150-132 today. I am looking for a long entry preferably around 13080-90
Insane in the Brain..
  • #835,986
  • Aug 22, 2024 5:33am Aug 22, 2024 5:33am
Quoting BeeTogether
{quote} that gut feeling thing is where i fail, like yesterday gut feeling we could see 13050-60 after the spike up and going short. Today there is US Data its looking Red from the forecast any surprise may kick off something bearish. Looking at where we are I wont be surprised if we see 13150-132 today. I am looking for a long entry preferably around 13080-90
Yeh, I know, it's a battle everyday but the war is never won. All you can do is win each individual battle. I have 3 ratings for my trades a. Edge (ie matches all the rules of the set-up,) b. Edge-imperfect (matches the rules of the set-up but with a repeating imperfection [s] - ie even imperfections in the set-ups repeat, and some are acceptable re win rate, others not, -and- c. Speculative (does not match the rules of a set-up but is based more on intuition/experience etc...) Guess what, when I do my analytics @ the end of a sample, it's always the last one (c) with the lowest win rate!
Trader with an Edge.
  • #835,987
  • Aug 22, 2024 5:36am Aug 22, 2024 5:36am
Quoting Headland
{quote} Yeh, I know, it's a battle everyday but the war is never won. All you can do is win each individual battle. I have 3 ratings for my trades a. Edge (ie matches all the rules of the set-up,) b. Edge-imperfect (matches the rules of the set-up but with a repeating imperfection - ie even imperfections in the set-ups repeat, and some are acceptable re win rate, others not, -and- c. Speculative (does not match the rules of a set-up but is based more on intuition/experience etc...) Guess what when I do my analytics @ the end of a sample it's...
Specualting is the worst, i learnt in my early days and now its the emotional side im fighting. the thinking it needs to go up or down and not looking at the overall picture etc also the greed level, one more spike etc.
Insane in the Brain..
  • #835,988
  • Edited 6:04am Aug 22, 2024 5:40am | Edited 6:04am
Quoting BeeTogether
{quote} Specualting is the worst, i learnt in my early days and now its the emotional side im fighting. the thinking it needs to go up or down and not looking at the overall picture etc also the greed level, one more spike etc.
Yeh, and the psychology of this situation when there has been a strong move/trend across t/f's is that (in the case of this strong upmove) - I don't want to buy it this high, and it can't possibly go any higher (can it,?) but I want to be involved in the market. It must come down/pullback soon (won't it,?)- so I'll sell it.
Trader with an Edge.
  • #835,989
  • Aug 22, 2024 5:43am Aug 22, 2024 5:43am
Quoting Jackoboms
Seems a lot of people here are on Short.
that wouldn’t be too surprising, majority of FF traders with Registered TE’s on this site, have been short for the past 5 days.
Compulsions can be hard to resist
  • #835,990
  • Aug 22, 2024 5:52am Aug 22, 2024 5:52am
Quoting Yngwie
Crazy bull never tired. Sell limit 1.3140
come to mama
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #835,991
  • Aug 22, 2024 5:54am Aug 22, 2024 5:54am
...price is 'extended' re wkly and mthly average ranges.

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Trader with an Edge.
  • #835,992
  • Aug 22, 2024 6:03am Aug 22, 2024 6:03am
Quoting Pat Chiko
{quote} GU No luck with scalp trade, got stopped out. Re-N3 on FOMC MoM {image}
GU

Partial TP.

Im guessing price want to go down,
Adding more short

I hope to make some tiny profit later.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #835,993
  • Aug 22, 2024 6:23am Aug 22, 2024 6:23am
Quoting Pat Chiko
{quote} GU Partial TP. Im guessing price want to go down, Adding more short I hope to make some tiny profit later.{image}
GU
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Scalping SHORT
Hope got luck for this trades.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #835,994
  • Aug 22, 2024 6:27am Aug 22, 2024 6:27am
SMT Divergence between EU and GU (GU made higher high, but EU didn't.)
Volume Divergence on M30
RSI Divergence on M30
Stochastic Divergence on M30

What the hell is this?
With courage, patience, and discipline, success is a matter of time.
  • #835,995
  • Aug 22, 2024 6:32am Aug 22, 2024 6:32am
Scalp short, not my usual trade but the pattern at the top suggests some down side correction for now.

Top pattern looks like A with abc regular flat now C down
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Follow The Markets Structure - Patience and Discipline
  • #835,996
  • Aug 22, 2024 6:41am Aug 22, 2024 6:41am
Quoting pipfarm
Scalp short, not my usual trade but the pattern at the top suggests some down side correction for now. Top pattern looks like A with abc regular flat now C down {image}

After the abc correction i will be watching for a break out to the upside

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Follow The Markets Structure - Patience and Discipline
  • #835,997
  • Aug 22, 2024 6:46am Aug 22, 2024 6:46am
Quoting pipfarm
Scalp short, not my usual trade but the pattern at the top suggests some down side correction for now. Top pattern looks like A with abc regular flat now C down {image}
good spot, i think 13080 support area is the one to look out for. if we see a break out below, then maybe and i mean maybe 13050 which was the previous resistance area.
Insane in the Brain..
  • #835,998
  • Aug 22, 2024 6:48am Aug 22, 2024 6:48am
Quoting JameRomeo168
SMT Divergence between EU and GU (GU made higher high, but EU didn't.) Volume Divergence on M30 RSI Divergence on M30 Stochastic Divergence on M30 What the hell is this?
its a crazy game but hey its so much fun
Insane in the Brain..
  • #835,999
  • Aug 22, 2024 6:50am Aug 22, 2024 6:50am
Not 1 time ,but 2 times of 7 pts secsefull short trades
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yes yes yes
  • #836,000
  • Aug 22, 2024 6:57am Aug 22, 2024 6:57am
Quoting BeeTogether
{quote} good spot, i think 13080 support area is the one to look out for. if we see a break out below, then maybe and i mean maybe 13050 which was the previous resistance area.

Certainly a break below 3080 negates any more upside for now, however i am looking for a break to the long side after this down side movement so long as it does not break your level.
Follow The Markets Structure - Patience and Discipline
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