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Cable Update (GBPUSD)

  • #836,481
  • Aug 27, 2024 1:33pm Aug 27, 2024 1:33pm
Quoting thevisitor
{quote} overbought was ironic mate..look at the smiley..
oh apologies , but seriously your a better trader than trying to pick tops.
Follow The Markets Structure - Patience and Discipline
  • #836,482
  • Aug 27, 2024 1:33pm Aug 27, 2024 1:33pm
short @ 1.326
Air force
  • #836,483
  • Edited 1:49pm Aug 27, 2024 1:38pm | Edited 1:49pm
Quoting Waveskierrob
{quote} Interesting...so why and when

Fundamentals.

They are talking about big depth of USA. Expected is that interest rates will go down. So less reason to hold dollars ?!

Therefore big money holders could sell their dollars and buy other currencies.

Answering timing is difficult but could start at FED meeting or not. As the money bosses can play it as they want But looks like one directional and 1.4 won’t hold it
  • #836,484
  • Aug 27, 2024 1:48pm Aug 27, 2024 1:48pm
Quoting pipfarm
{quote} oh apologies , but seriously your a better trader than trying to pick tops.
i do not trying to pick the "tops" or "lows"
you will never get these..what i was saying is only my point of view.
I am not short but around 1.3260-80-1.33 the possibility for correction is high
  • #836,485
  • Aug 27, 2024 1:57pm Aug 27, 2024 1:57pm
Quoting thevisitor
{quote} i do not trying to pick the "tops" or "lows" you will never get these..what i was saying is only my point of view. I am not short but around 1.3260-80-1.33 the possibility for correction is high
Your words" below 3250 is worth trying to short and now the possibility of a correction ", so that would be picking a top if you expect it to correct around that level.


Sorry if you disagree
Follow The Markets Structure - Patience and Discipline
  • #836,486
  • Aug 27, 2024 2:00pm Aug 27, 2024 2:00pm
Quoting Mitiblotch
{quote} Hopefully it gets there. This pair is crazy.
it did hit the day level 3265 and i was able to score my target at 3250.
Now its kinda iffy where it will go.
I hope you are able to make some profit on your shorts
in wondering about yourself, you forgot what you came here to be part of
  • #836,487
  • Aug 27, 2024 2:08pm Aug 27, 2024 2:08pm
Quoting pipfarm
{quote} Your words" below 3250 is worth trying to short and now the possibility of a correction ", so that would be picking a top if you expect it to correct around that level. Sorry if you disagree
no problem pipfarm
you have to wait to confirm..i am talking about an retrace, a 200 pips fall?
maybe..
so i think we are in the 5th wave
how deep the retrace will go?
i don't know
weekly pivot 1.3124
  • #836,488
  • Aug 27, 2024 2:14pm Aug 27, 2024 2:14pm
Quoting thevisitor
{quote} no problem pipfarm you have to wait to confirm..i am talking about an retrace, a 200 pips fall? maybe.. so i think we are in the 5th wave how deep the retrace will go? i don't know weekly pivot 1.3124
Look at my two oscillators they are pretty good at picking the waves out , looks like we are still in the third , when the oscillators dip below zero 4th and then maybe 5th
Most of the retracements have been abc indicative of minor retracements the big retracements go A (abc to make B) then C

If you look at price around the 2841 level where this up swing started you will see the a (abc)c retracement whereas all the others only went simple abc
Follow The Markets Structure - Patience and Discipline
  • #836,489
  • Aug 27, 2024 2:17pm Aug 27, 2024 2:17pm
Quoting pipfarm
{quote} Look at my two oscillators they are pretty good at picking the waves out , looks like we are still in the third , when the oscillators dip below zero 4th and then maybe 5th
ok, will check this
  • #836,490
  • Aug 27, 2024 2:19pm Aug 27, 2024 2:19pm
Quoting Godspromise
{quote} I see I see {image} My current trades running holding gbpaud but may close gbpjpy at end of day depending if it close enough to tp
you saw bitcoin?
People don't plan to lose. They lose because they don't plan.
  • #836,491
  • Aug 27, 2024 2:24pm Aug 27, 2024 2:24pm
Short 13254 TP 13230
Insane in the Brain..
  • #836,492
  • Aug 27, 2024 3:01pm Aug 27, 2024 3:01pm
Quoting knkie
{quote} it did hit the day level 3265 and i was able to score my target at 3250. Now its kinda iffy where it will go. I hope you are able to make some profit on your shorts
I also bought a 10 lot scalp and banked at 3255. I will keep the shorts and add some more tomorrow if a spike happens. Your entry and TP were excellently executed.
  • #836,493
  • Aug 27, 2024 3:21pm Aug 27, 2024 3:21pm
Quoting Eren10
Big crash coming for USD ?
Good question Eren
Don't you love getting a question to a question

In answer to your question, it's already happening IMO.
Compulsions can be hard to resist
  • #836,494
  • Aug 27, 2024 3:24pm Aug 27, 2024 3:24pm
Which way is this going to break tomorrow?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240827_212408.jpg Size: 350 KB
  • #836,495
  • Aug 27, 2024 3:25pm Aug 27, 2024 3:25pm
Quoting ScalaFX
{quote} you saw bitcoin?
nah bro I'm gonna look
  • #836,496
  • Aug 27, 2024 3:28pm Aug 27, 2024 3:28pm
Quoting ScalaFX
{quote} you saw bitcoin?
whats your thoughts on it saw it broke a 4 hr resistance and pullback wondering if its going to 71k
  • #836,497
  • Aug 27, 2024 3:29pm Aug 27, 2024 3:29pm
Quoting Mitiblotch
{quote} I also bought a 10 lot scalp and banked at 3255. I will keep the shorts and add some more tomorrow if a spike happens. Your entry and TP were excellently executed.

Thank You Miti !!

Im glad you banked as well
in wondering about yourself, you forgot what you came here to be part of
  • #836,498
  • Edited 3:42pm Aug 27, 2024 3:31pm | Edited 3:42pm
Quoting Godspromise
{quote} nah bro I'm gonna look
we had talk about targets, we both sayed that 65000 will be the target, watch this huge rejection, Bitcoin now going for about 45000, Im in sells as hell already in huge money, will be more
People don't plan to lose. They lose because they don't plan.
  • #836,499
  • Aug 27, 2024 3:34pm Aug 27, 2024 3:34pm
Quoting Mitiblotch
Which way is this going to break tomorrow? {image}
lower line is a trend line
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #836,500
  • Aug 27, 2024 3:53pm Aug 27, 2024 3:53pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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