Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#836,581
Aug 28, 2024 9:20am Aug 28, 2024 9:20am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Quoting Yngwie

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{quote} 1.3190

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Downtrend Fibonacci Retracement. Possible can further down to 1.3145

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Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#836,582
Edited 9:44am Aug 28, 2024 9:25am | Edited 9:44am

Headland
Joined Apr 2020 | Status: Trader | 8,806 Posts

Quoting Yngwie

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{quote} Downtrend Fibonacci Retracement. Possible can further down to 1.3145 {image}

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Hi. I think you mean a fib extension not retracement - if you are referring to the 261.8% level on your chart, of the Asian hi (current dly hi) to Asian lo move, although you have it plotted upside down - you start @ 100 (think about it - price retraces 23.6%, then 38.2% then 50% etc etc to 100%,) and the end of the move is zero (o.) You have it the wrong way round.

In any event the Asian hi came before the Asian lo so any fib extension of that move would be above the Asian hi not below the Asian lo.

Trader with an Edge.

#836,583
Aug 28, 2024 9:33am Aug 28, 2024 9:33am

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

Okay let’s try a buy. stop placed tp open of course

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Master your mind. Master Trading.

#836,584
Aug 28, 2024 9:51am Aug 28, 2024 9:51am

navk
Joined Oct 2010 | Status: Trader | 21,478 Posts

Quoting navk

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the price likely to consolidate above 3190 before up.

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Intraday only.

#836,585
Aug 28, 2024 9:51am Aug 28, 2024 9:51am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

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{quote} {quote} 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 {image} 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. {image}LQ Sweep {image}2nd N3 made seven hours after rejection. I'm not constantly in front of the computer monitoring trades. As a scalper, I usually...

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GU

TP & scalping LONG

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I come from the future.

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#836,586
Aug 28, 2024 9:53am Aug 28, 2024 9:53am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

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{quote} EU Im looking complete correction on this. Maybe will scalp later once it bounce off the fib {image} {image} {image}

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EU

Scalping LONG

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I come from the future.

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#836,587
Aug 28, 2024 9:55am Aug 28, 2024 9:55am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

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{quote} GOLD Updating scalping position. Some are LONG and some are SHORT. Watch out for fib bounce. Weekly on final push for EW5{image} {image} May see ABC correction as strucutre not broken.

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GOLD

Add Scalping LONG

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#836,588
Aug 28, 2024 10:02am Aug 28, 2024 10:02am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

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{quote} S&P500 Headline " The S&P 500 rallied after Fed Chair Powell's speech helped solidify September rate cut expectations." Approaching All-Time Highs: Potential Pullback on the Horizon The S&P 500 is just 1% away from its all-time high (ATH), and the Nasdaq is around 3% shy of its peak. As the market edges closer to these significant levels, there is a growing chance of absorption behavior—where sellers step in as buyers push prices higher. This could lead to a pullback, providing an opportunity for investors to reload on their core long positions....

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