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Cable Update (GBPUSD)

  • #836,501
  • Aug 27, 2024 4:02pm Aug 27, 2024 4:02pm
Small correction maybe to 13230 area before a move up to 133? Could also be the retrace day having said that the current bull charge taking no prisoners
Insane in the Brain..
  • #836,502
  • Aug 27, 2024 4:11pm Aug 27, 2024 4:11pm
Quoting ScalaFX
{quote} 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
taking profits at 57k got in late hopefully a quick journey to 57k
  • #836,503
  • Aug 27, 2024 4:52pm Aug 27, 2024 4:52pm
Damming Bitcoin is melting that's it 57k quickly
  • #836,504
  • Aug 27, 2024 5:29pm Aug 27, 2024 5:29pm
Quoting ScalaFX
{quote} 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
Bro, how long you think it's going to take for BTC to go to that level?
  • #836,505
  • Edited 9:25pm Aug 27, 2024 5:45pm | Edited 9:25pm
Quoting ScalaFX
{quote} 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
Scala thanks man I made a quick 100 bucks off that trade thanks for the heads up not even saw that trade
  • #836,506
  • Aug 27, 2024 7:47pm Aug 27, 2024 7:47pm
Quoting pipfarm
{quote} Look at my USDCHF, USDJPY , GBPUSD AND EURGBP recent trades and why they worked, because i stopped chasing the immediate trend which tells you nothing apart from price is going up or down , it does not tell you if your trading a corrective swing or part of correction or any other useful information, price is not about HH, AND HL or LH or LL because that does not take into account corrective patterns that can fool you into thinking price is trending when it is simply a correction and this simple hh,hl - lh,ll type of mentality is completely...
You've taken your time to explain and have mentioned all a trader needs to know but unfortunately most times, we tends to go against principles.

It's obvious that GBPUSD is not ready for a retracement until touch of wave 3 minimum limit 1.3312. It may even go as far as touching 2.000 level. Any Short trades for now is like trying to play extra smart.

Buhhh, market expect
Market Structure is the King.....
  • #836,507
  • Aug 27, 2024 7:51pm Aug 27, 2024 7:51pm
Quoting Pat Chiko
{quote} GU Update scalping posirtion{image}
I'm sorry - scalping on the 4H? Maybe I got it wrong. What timeframe do you execute trade decisions most often on? 4H seems too slow to me. Just wondering about your train of thought!

Best,
Josh B
Discouragement is the language of the devil. Results over hype.
  • #836,508
  • Aug 27, 2024 7:53pm Aug 27, 2024 7:53pm
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
Expect correction from at least 1.3310. Anything less is not too good.
Market Structure is the King.....
  • #836,509
  • Aug 27, 2024 8:08pm Aug 27, 2024 8:08pm
Quoting danishhhkuma
{quote} Bro, how long you think it's going to take for BTC to go to that level?
45k?
  • #836,510
  • Aug 27, 2024 8:16pm Aug 27, 2024 8:16pm
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #836,511
  • Aug 27, 2024 8:34pm Aug 27, 2024 8:34pm
Quoting danishhhkuma
{quote} Bro, how long you think it's going to take for BTC to go to that level?
accelarating now, I think 2 weeks or 3 weeks
People don't plan to lose. They lose because they don't plan.
  • #836,512
  • Aug 27, 2024 9:45pm Aug 27, 2024 9:45pm
Quoting Yngwie
{image}
Yes, I am seller of GU today.
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Intraday only.
  • #836,513
  • Aug 27, 2024 11:04pm Aug 27, 2024 11:04pm
Ranging up , test tl can be most important event today arounds 3240 , hold or not as now the factor, top failure in place already , breakout and hold likely susceptible 3230 and 3204 breaks down.lets see with possible bounce try at tl reaction!
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #836,514
  • Aug 27, 2024 11:52pm Aug 27, 2024 11:52pm
Quoting navk
{quote} Yes, I am seller of GU today. {image}
booked my profits. will look to take re entry after frankfurt spike
Intraday only.
  • #836,515
  • Aug 28, 2024 12:05am Aug 28, 2024 12:05am
Quoting Eren10
{quote} 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
Many thanks for your great reply, many on this thread can't seem to grasp the concept of asking and answering questions...
  • #836,516
  • Aug 28, 2024 12:08am Aug 28, 2024 12:08am
Eu shorts
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Master your mind. Master Trading.
  • #836,517
  • Aug 28, 2024 1:00am Aug 28, 2024 1:00am
Shorts banked
go to bed now for New York
Master your mind. Master Trading.
  • #836,518
  • Aug 28, 2024 1:05am Aug 28, 2024 1:05am
Could be a retrace day however could also be a liquidity grab too. Taken a long TP 13250 at 13225
Insane in the Brain..
  • #836,519
  • Aug 28, 2024 1:06am Aug 28, 2024 1:06am
Watching if they bounce so soon ! Next leg likely up from now or little low ! Waiting
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #836,520
  • Aug 28, 2024 1:23am Aug 28, 2024 1:23am
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.
Maybe lucky dump this time. Closed 4 lots short and holding 1 lot now from 3240. Hopefully it dumps at least 100 pips. If it spikes I will re-add 4 lots.
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