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Cable Update (GBPUSD)

  • #836,541
  • Edited 5:53am Aug 28, 2024 5:41am | Edited 5:53am
G/M. Price @ y/day's 3266 hi (also the current wkly/mthly/yrly hi,) ran into a couple of longer-term fibs in the confluence of aprev mthly sw lo zone = pot sbr (that extends to circa 3280,) -and- a prev dly/wkly sw hi zone = pot res, - this extends to 3298. These were discussed over the w/e here.

Price this mth so far has traveled 179% of the 6mth amr. Yrly R1 is @/around 3314. The year's pip range so far is 2300-3266 so 966 pips. I guess Georginson might be able to tell us how this fits the average (s?)

mthly then wkly below
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Trader with an Edge.
  • #836,542
  • Aug 28, 2024 5:48am Aug 28, 2024 5:48am
...could see only the 2nd HL in the run up from 2665, (after the one @ 2798,) created by close of today's dly candle on that t/f (@ y/day's [current wkly] 3180 lo, -and/or- a 2nd HH @ y/day's 3266 hi, (after the one @ 3230,) all dependent on close of today's dly candle. The red fib shown on chart is the one that is plotted from 2665- said 3266.

dly below
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Trader with an Edge.
  • #836,543
  • Aug 28, 2024 5:58am Aug 28, 2024 5:58am
Watching pa , at least some correction at top.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #836,544
  • Aug 28, 2024 6:10am Aug 28, 2024 6:10am
13215 seems to be supporting..
Insane in the Brain..
  • #836,545
  • Aug 28, 2024 6:10am Aug 28, 2024 6:10am
Quoting trumps
coming up to monthly resistance area around 3260 area. Am thinking a bearish reaction after this straight up run is likely.
Next question is, how low will it go?
Compulsions can be hard to resist
  • #836,546
  • Edited 3:06pm Aug 28, 2024 6:13am | Edited 3:06pm
Quoting genadi
{quote} I bought BTC here at 59759
I just woke up and saw the reversal pattern I bought as well tak profit 63k
ok bought again to go to 63k on the open of the new 4 hr btc
  • #836,547
  • Aug 28, 2024 6:20am Aug 28, 2024 6:20am
Quoting Godspromise
{quote} I just woke up and saw the reversal pattern I bought as well tak profit 63k
Are you sure that is a reversal pattern it looks more like a upside correction for downside continuation to 4500 where the last correction pattern in the uptrend is located on H4

Probably will go to 63k to retest what it just broke down
Follow The Markets Structure - Patience and Discipline
  • #836,548
  • Aug 28, 2024 6:22am Aug 28, 2024 6:22am
...a false 2nd downside b/o of the Asian lo, with support found @ a 61.8% fib (on 1hr,) and a small rise up - where sbr is encountered ( again see 1hr below.) Asian hi (just below y/day's hi,) remains the current dly hi as of right now.

4hr/1hr below
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Trader with an Edge.
  • #836,549
  • Aug 28, 2024 6:40am Aug 28, 2024 6:40am
Quoting trumps
{quote} Next question is, how low will it go?
1.0000
  • #836,550
  • Aug 28, 2024 6:42am Aug 28, 2024 6:42am
Quoting pipfarm
{quote} Are you sure that is a reversal pattern it looks more like a upside correction for downside continuation to 4500 where the last correction pattern in the uptrend is located on H4 Probably will go to 63k to retest what it just broke down
that's why I'm taking profits at 63k I doubt it will pass that 1 hour zone drop for further continuation to 54k then break of that daily structure to 45k for me it's just a temporary correction back into the 63k zone
  • #836,551
  • Aug 28, 2024 6:43am Aug 28, 2024 6:43am
Quoting pipfarm
{quote} Are you sure that is a reversal pattern it looks more like a upside correction for downside continuation to 4500 where the last correction pattern in the uptrend is located on H4 Probably will go to 63k to retest what it just broke down
but I believe your are exactly right did you see gbpaud it dropped like a cannon ball I knew it but I left the trade early
  • #836,552
  • Aug 28, 2024 6:53am Aug 28, 2024 6:53am
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Together we can be strongest
Vantage Return This Month: na
  • #836,553
  • Aug 28, 2024 7:00am Aug 28, 2024 7:00am
Quoting Luxyus
..FX market overstreched cant last so long, ATR on monthly is overwhelmed.....dollar at discount???
chaos is just unknown order
  • #836,554
  • Aug 28, 2024 7:05am Aug 28, 2024 7:05am
I looked 4H eur and GU,trend didnt change,it means it goes down,after go up.EUr went down first,if look 4H it can fly down as correction ,it means nothing.Change of trend it shoud stay on the top 2-3 days.ON eur trend 4 h didnt change,trend green.
  • #836,555
  • Aug 28, 2024 7:08am Aug 28, 2024 7:08am
Price has arrived at last weeks Close, 1.3210
This is M15 chart.
i may exit here for 18 pips depending on how price reacts to this level
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in wondering about yourself, you forgot what you came here to be part of
  • #836,556
  • Aug 28, 2024 7:09am Aug 28, 2024 7:09am
Quoting Pat Chiko
{quote} GU Update scalping posirtion{image}
Quoting imjoshbrown
{quote} 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
YES, I'm a scalper using H4 to do my trade , sometimes bring it down to H1 to get better price N3.
As a newbie, i cannot use lower than H1/M30 as those are too fast form e ( I'm a slow learner)

GU

Update scalping position

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Monthly FVG.
BTW , before moroccon killer wanting to give stupid comment on FVG . please study it first, It is not derive from ICT, it is on Wyckoff theory.
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LQ Sweep
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2nd N3 made seven hours after rejection.

I'm not constantly in front of the computer monitoring trades.
As a scalper, I usually check the charts every 7-8 hours and adjust my positions once or twice a day.
Sometimes, I only check my trades every other day.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,557
  • Aug 28, 2024 7:11am Aug 28, 2024 7:11am
Quoting Pat Chiko
{quote} GJ add short scalp position {image}
GJ

We are on overlapping corrective mode.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,558
  • Aug 28, 2024 7:21am Aug 28, 2024 7:21am
Quoting Pat Chiko
{quote} GOLD Partial TP SHORT Scalp FVG{image}
GOLD

Updating scalping position.
Some are LONG and some are SHORT.

Watch out for fib bounce.
Weekly on final push for EW5
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May see ABC correction as strucutre not broken.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,559
  • Aug 28, 2024 7:24am Aug 28, 2024 7:24am
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yes yes yes
  • #836,560
  • Aug 28, 2024 7:29am Aug 28, 2024 7:29am
eur can correct 10880,10660.gu only started.
if daily eur,it means top,eur daily need correction also,or change of trend but last top was top on daily.if trend change it should return up once again on daily.
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