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Cable Update (GBPUSD)

  • #836,121
  • Aug 23, 2024 6:06am Aug 23, 2024 6:06am
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yes yes yes
  • #836,122
  • Aug 23, 2024 6:19am Aug 23, 2024 6:19am
if I buy GU, I'm a kamikaze?
  • #836,123
  • Aug 23, 2024 6:43am Aug 23, 2024 6:43am
Quoting zion1948
if I buy GU, I'm a kamikaze?
this is not bad decision, its all about your risk apetite
People don't plan to lose. They lose because they don't plan.
  • #836,124
  • Aug 23, 2024 6:48am Aug 23, 2024 6:48am
Most of it intends to fall, it only goes up, it looks like a hand-drawn drawing.
  • #836,125
  • Aug 23, 2024 7:01am Aug 23, 2024 7:01am
Since FOMC, so far no long opportunity.
Maybe on next week then since market nearly arriving closing time.
Would like to enjoy my last weekend in August without opening trade through weekend.

My bias is still bullish until very strong bear confirmation is found. My long term view: GBPUSD to 1.34-1.40 if Bull continues maintain its momentum very well.
With courage, patience, and discipline, success is a matter of time.
  • #836,126
  • Aug 23, 2024 7:14am Aug 23, 2024 7:14am
Quoting Pat Chiko
{quote} GU Stopped out{image}
GU

Going to give it a try for another bigger correction and to Wyckoff set up
Waiting rejection at LTF for N3.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 104.jpg Size: 96 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,127
  • Aug 23, 2024 7:22am Aug 23, 2024 7:22am
Quoting Pat Chiko
{quote} GU Going to give it a try for another bigger correction and to Wyckoff set up Waiting rejection at LTF for N3.{image}
GU

Try Short scalp
Attached Image (click to enlarge)
Click to Enlarge Name: gu 105.jpg Size: 170 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,128
  • Aug 23, 2024 7:26am Aug 23, 2024 7:26am
It’s Friday , so far bears are getting tottaly air fried
Insane in the Brain..
  • #836,129
  • Aug 23, 2024 7:43am Aug 23, 2024 7:43am
Quoting BeeTogether
It’s Friday , so far bears are getting tottaly air fried
Bro,
So, funny story is,
my keyboard's "BUY" button decided to go on strike without warning.
As a result, I've been enthusiastically selling everything like a clearance sale gone wild!

If you see my trading history filled with nothing but sell orders, now you know—it's not me, it's my rebellious keyboard taking control of my financial destiny.

Time to invest in a new keyboard... if only I could BUY one!
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Click to Enlarge Name: sell only.jpeg Size: 9 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,130
  • Aug 23, 2024 7:51am Aug 23, 2024 7:51am
Quoting Pat Chiko
{quote} Bro, So, funny story is, my keyboard's "BUY" button decided to go on strike without warning. As a result, I've been enthusiastically selling everything like a clearance sale gone wild! If you see my trading history filled with nothing but sell orders, now you know—it's not me, it's my rebellious keyboard taking control of my financial destiny. Time to invest in a new keyboard... if only I could BUY one!{image}
:O lol! i did the lets have a correction before a continuation error (dumb ass) knowing that there was FOMC minutes on wednesday.. lol have a b/e at 13076.

If Powell says anything to delay or minimise the cuts this could drop as i think 0.5 s priced in
Insane in the Brain..
  • #836,131
  • Aug 23, 2024 8:08am Aug 23, 2024 8:08am
Quoting BeeTogether
{quote} :O lol! i did the lets have a correction before a continuation error (dumb ass) knowing that there was FOMC minutes on wednesday.. lol have a b/e at 13076. If Powell says anything to delay or minimise the cuts this could drop as i think 0.5 s priced in
what if 0.75?
People don't plan to lose. They lose because they don't plan.
  • #836,132
  • Aug 23, 2024 8:16am Aug 23, 2024 8:16am
Quoting BeeTogether
{quote} :O lol! i did the lets have a correction before a continuation error (dumb ass) knowing that there was FOMC minutes on wednesday.. lol have a b/e at 13076. If Powell says anything to delay or minimise the cuts this could drop as i think 0.5 s priced in

Here;s the snippet on JH.

All eyes are on Fed Chairman JayPow & Bailey today at Jackson Hole.
What’s Bailey’s move going to be?

Fed Chair Powell at Jackson Hole: What’s Bailey’s Move?

Rate Cut- Is Powell about to lead us into a smooth rate cut dance, or is it just a tease?
Hawkish Hike - Ready for another rate hike? Or has Powell run out of hiking gear?
The Inflation - Is inflation too hot to handle, or is it cooling down for a slow dance?
Economic Limbo - How low can the rates go, or are we just stuck in limbo?

With Bailey set to speak, we’re thinking he might just follow Powell’s playbook and keep things low-key.
But will they surprise us, or is it business as usual?
Stay tuned!
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,133
  • Aug 23, 2024 8:17am Aug 23, 2024 8:17am
Going try a short here,

Yesterdays break of structure on H1 and has closed below the higher low, today we have a swing up which i believe the expansion phase before the push down , or if you like price is forming an expanding flat for a correction to the down side and this leg C could be quite powerful.


A break below 1.31105 sends reverses the H1 upswing and lets see if this is the third leg impulsive of an expanding flat, chart in a mo
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 28 KB



First swing down broke the last higher low - subdivided into 3 waves
Second wave up subdivided into 3 waves, but crucially has a abc in the middle
Third wave down coming with the change of trend on m15
Follow The Markets Structure - Patience and Discipline
  • #836,134
  • Aug 23, 2024 8:19am Aug 23, 2024 8:19am
gbpusd is bleeding right now looks like i can start on the gbpusd trades again movement looking nice again
  • #836,135
  • Aug 23, 2024 8:20am Aug 23, 2024 8:20am
Quoting Pat Chiko
{quote} GU Try Short scalp{image}
GU

Gimme one spike please

Preferably SHORT side as my BUY keyboard button is not working.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 106.jpg Size: 196 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,136
  • Aug 23, 2024 8:22am Aug 23, 2024 8:22am
Quoting navk
{quote} sent pm try to trade in 15 min chart or above
Hi navk,
Been following you and I’m interested in your indicators/template. I saw that you already posted the template for this. Can you by chance send me the indicators you use as well?
  • #836,137
  • Aug 23, 2024 8:28am Aug 23, 2024 8:28am
Quoting pipfarm
Going try a short here, Yesterdays break of structure on H1 and has closed below the higher low, today we have a swing up which i believe the expansion phase before the push down , or if you like price is forming an expanding flat for a correction to the down side and this leg C could be quite powerful. A break below 1.31105 sends reverses the H1 upswing and lets see if this is the third leg impulsive of an expanding flat, chart in a mo {image} First swing down broke the last higher low - subdivided into 3 waves Second wave up subdivided into 3...

Might have to wait for the Jerome Powel firework show before anything happens
Follow The Markets Structure - Patience and Discipline
  • #836,138
  • Aug 23, 2024 8:44am Aug 23, 2024 8:44am
Quoting GDS17
{quote} Hi navk, Been following you and I’m interested in your indicators/template. I saw that you already posted the template for this. Can you by chance send me the indicators you use as well?
sent
Intraday only.
  • #836,139
  • Aug 23, 2024 8:47am Aug 23, 2024 8:47am
Quoting Pat Chiko
{quote} GU Gimme one spike please Preferably SHORT side as my BUY keyboard button is not working.{image}
dude the more you short the higher it’s going… control the FOMO button
Insane in the Brain..
  • #836,140
  • Aug 23, 2024 8:54am Aug 23, 2024 8:54am
Quoting pipfarm
Going try a short here, Yesterdays break of structure on H1 and has closed below the higher low, today we have a swing up which i believe the expansion phase before the push down , or if you like price is forming an expanding flat for a correction to the down side and this leg C could be quite powerful. A break below 1.31105 sends reverses the H1 upswing and lets see if this is the third leg impulsive of an expanding flat, chart in a mo {image} First swing down broke the last higher low - subdivided into 3 waves Second wave up subdivided into 3...

In Gu and EU

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 25 KB
Follow The Markets Structure - Patience and Discipline
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