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Cable Update (GBPUSD)

Quoting pipfarm
I must be the luckiest trader Made an error with AUDNZD long but now short, the rest nsdjpy, eurjpy, gbpjpy, cadjpy and audjpy, shorted the lot now nearly 10K in profit for the day and holding Will short GBPUSD as soon as it breaks the level where i marked the blue line , might have to wait for tomorrow to confirm the upside correction. {image}
All trades closed , profit 30K plus, not saying this to boast but hopefully it gives inspiration to others that no matter what anyone says, it is !!!! possible to make a lot of money trading forex.

Funny thing is i was watching a tube video from a so called 30 year ex institutional trader who claims that institutions trade from old levels as far back as the 70s and 80s personally i think that is a lot of hogwash just as he claims TA is load of BS and of course because he is such a kind human being (sarcasm) he runs a trading course so others can make money just like the institutions , for a fee of course. Link to video below.

Inserted Video
Follow The Markets Structure - Patience and Discipline
Still long, will look to take profit around 13190 ish. It could go higher depending on the US data
Insane in the Brain..
after good yesterdays profits Im risking shorts GU 3158 to 65 with SL yesterdays high plus+3 pips
People don't plan to lose. They lose because they don't plan.
Buy Geppy here at 189.08
0.3 pip , that's what svved my trafe lol
Yea i know
I was suppose to wait for lo , and for a clear breakout
But this is why i am practicing the strategy
You can book the profit
It's slam dunk without looking
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Sold 1.3167
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
I am improving the strategy
I determining the trend at the hourly chart
And entering at the 5m chart
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So UK data wasn’t too hot but it didn’t move the GU pair too much maybe a drop of 5 pips. Let’s see if we can break the elusive 13170 for the next resistance area of 13190
Insane in the Brain..
Long short term. We might reach 1.32250 today.
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Art of preservation and consistency
Quoting BeeTogether
So UK data wasn’t too hot but it didn’t move the GU pair too much maybe a drop of 5 pips. Let’s see if we can break the elusive 13170 for the next resistance area of 13190

A bullish day is a bullish day after poor US data yesterday.
Euro data up in 6 minutes
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We need a Quantum leap in understanding here
Quoting HaLBot
{quote} A bullish day is a bullish day after poor US data yesterday. Euro data up in 6 minutes {image}
again poor data and no real movement. At this rate we should see a break above 13170 and look for 13190-13210 areas before any reversal
Insane in the Brain..
G/M, < 30day adr bullish engulf dly candle y/day, and a new 3087 fractal L print on that t/f now - under the last HL @ last week's 3109 lo. So, the 1st downside b/o of last week's lo proved false. Dly general (now) uptrend remains intact. 4hr rangy with 1hr rangy - general uptrend? 50% of the entire 3266-3087 (last week's current yrly hi - current wkly lo) drop is just above y/day's 3175 hi @ 3177.

dly below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
.. 2 upside b/o's of the Asian hi so far today now - the most recent of which challenged the prev 1hr/minor 4hr sw hi zone = pot res up to y/day's 3175 hi/current wkly hi.

4hr then 1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
If GPUUSD H4 move down is a complete correction in the daily then it would need to swing trend up on H4 for D1 to continue up.

If the current H4 swing down is an incomplete correction ie going against D1 then the current move up is be the B swing of abc we would need to see H1 start to swing trade down.
Follow The Markets Structure - Patience and Discipline
Ty nister goldi for 10 pts
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Look at the chart to the left , that is the last time we had a correction in the daily, now look at today to the right


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Follow The Markets Structure - Patience and Discipline
Quoting pipfarm
Look at the chart to the left , that is the last time we had a correction in the daily, now look at today to the right {image}
that looks quite bearish . We didn’t break 13170 either despite spending a good period of time trying to..
Insane in the Brain..
Quoting BeeTogether
{quote} that looks quite bearish . We didn’t break 13170 either despite spending a good period of time trying to..

Yep , not sure whether i will trade GU today, even though it could be swing C of the correction which in theory should be a nice move down, GU is notorious for these moves being extremely erratic in nature.
Follow The Markets Structure - Patience and Discipline
Quoting pipfarm
{quote} Yep , not sure whether i will trade GU today, even though it could be swing C of the correction which in theory should be a nice move down, GU is notorious for these moves being extremely erratic in nature.
yeah I hear you. We have plenty of data in the next 24 hours which can mess up all PA’s.
the other thing is if US data is really bad instead of going up we may crash down as a risk to a recession increases
Insane in the Brain..
Will attempt another short on this audnzd


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Follow The Markets Structure - Patience and Discipline
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