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Cable Update (GBPUSD)

  • #837,421
  • Sep 6, 2024 2:35pm Sep 6, 2024 2:35pm
GU 1.2960s and below, EU 1.0960s and below are imminent.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #837,422
  • Edited 8:43pm Sep 6, 2024 8:31pm | Edited 8:43pm
Quoting BeeTogether
{quote} it was a subtle but explosive day . NFP popped up took SLs and then dropped hard. To think we are over 100 pips from the top of the range today. The action came into play during the Fed speech which kind of confirmed rate cuts (goes up ) and then a bigger chance it won’t be 0.5% (dropped by 80 odd pips)

forexlivedotcom news item said rate cut bets due to better US data dropped by 37%

US data came out dropped to 3147 only to pump to 3240 then drop to 3125 then back up to 3200 then down to 3108 and finally settling at 3128.
What a ride and after all that made a grand total of a 108.00 bucks for the day because I got caught out with the sudden drop from 3240
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Don't Leave Money on the Table
  • #837,423
  • Sep 6, 2024 8:34pm Sep 6, 2024 8:34pm
Quoting thevisitor
{quote} hopin you finaly found a strategy that suits you ! Don't change it ! Never ever forget your sl...

sl does not exist in Moty's vocabulary but seeing as it's so difficult to use one he could at least put in hedging stops, that way he wouldn't feel like he's been robbed using SLs
I think that's the psychology behind guys not using them
Don't Leave Money on the Table
  • #837,424
  • Sep 6, 2024 8:42pm Sep 6, 2024 8:42pm
Quoting pipfarm
{quote} 3086 is the breaker , in my pic this what we are facing these days in trading , read that as a trend , same things happens at smaller degrees and larger degrees and my drawing is probably over simplified as there will be many more of the mms shite in there You heard that saying , every time i enter it goes against me , well guess what we have to learn these bs patterns to play their game, a trend is not what the text books teach you, every directional move at every degree is followed by one of these bs patterns {image}

Machine learning has probably figured out how retail trades and using that understanding to catch traders out.
It's a different game these days and got to adapt seeing as algos account for 70 to 80% of trading now....
Don't Leave Money on the Table
  • #837,425
  • Sep 7, 2024 12:22am Sep 7, 2024 12:22am
Quoting ChiForex
GU 1.2960s and below, EU 1.0960s and below are imminent.
How imminent? we can all say a price but the skill is knowing when...
  • #837,426
  • Sep 7, 2024 3:06am Sep 7, 2024 3:06am
...the week just closed has seen 38% of 6mth amr traveled so far @ this early stage in the month.

The closing situations across the important t/f's are:

* Wkly The wkly candle (89% of 13wk awr) closed as a doji after the previous week's bearish candle, and as bucko23 pointed out on a post above, look what happened the last time that happened on this t/f (circled in red,) although in that example the bearish candle was dark cloud cover - the current one is not, so the 2 instances are not exactly the same. The 3226 current mthly & yrly hi becomes the 2nd fractal swing HH in the run-up from 2300 (current yrly lo) now on this t/f. It closes the week in a general uptrend.
* Dly Friday's candle (@ 164% of 30day adr,) closes as a bearish engulfing, (forgive the broker spread widening @ day's open on candle shown on chart below.) The t/f closes the week in a general uptrend, and it's last fractal swing was the HL @ the week's 3087 lo.
* 4Hr The t/f closes the week out rangy overall - bearish. It's last candle close of the week was bullish but in the shadow of a large bearish thrust-type candle.
* 1Hr This t/f too is probably rangy overall - bearish, -or- may just have started a so far classic downtrend.

(Chart conditions - per 3 candle fractal swing analysis.)

Wkly, Dly, 4Hr(with 10/20/40 ema crosses graphic,) and 1Hr below.
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Trader with an Edge.
  • #837,427
  • Sep 7, 2024 3:10am Sep 7, 2024 3:10am
Quoting HaLBot
{quote} Machine learning has probably figured out how retail trades and using that understanding to catch traders out. It's a different game these days and got to adapt seeing as algos account for 70 to 80% of trading now....
It is not a problem for me, i was just trying to highlight the facts to other traders that do not realise what they are up against and i was annoyed because you know as the institutions are buying or selling they ramp up the production of these patterns .


Thanks for your view point
Follow The Markets Structure - Patience and Discipline
  • #837,428
  • Sep 7, 2024 7:00am Sep 7, 2024 7:00am
Study this woman's face for a while and then post what you think of it??
Best if you click on image to expand.
Off topic I know but it is the weekend
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Don't Leave Money on the Table
  • #837,429
  • Edited Sep 8, 2024 7:57am Sep 7, 2024 8:17am | Edited Sep 8, 2024 7:57am
Checking usdx , extremely vulnerable tanking great next leg down. Immediately even likely tank to next support 99.14 before a last leg up if possibly to 103 before retest and breaks 99.14 . So test 99.14 low , next may bounce and will see when the real tanking may start ,so strong bearish !
Gbpusd at a top but still in bull set up as before
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,430
  • Sep 7, 2024 12:21pm Sep 7, 2024 12:21pm
Quoting AlfieSolomon
You can have a look at wavegarrick he is about to do a big scam . You will see in some days
Lots of time nothing really to do but wait,
alfsuckaman. sickchick, robknob and transcala. You appear to have the same ip adress. Are the mods in on the same scam???????
Trade to trade another day
  • #837,431
  • Sep 7, 2024 12:40pm Sep 7, 2024 12:40pm
Quoting Waveskierrob
{quote} How imminent? we can all say a price but the skill is knowing when...
Sure .. timing is everything- but we are on these type of forums I hope to share ideas - some ideas are better than others but I hope we share one common goal and that is to make money !.. and make it consistently. If we work as a team we can all escape the rat race.
  • #837,432
  • Sep 7, 2024 2:25pm Sep 7, 2024 2:25pm
We will see what happens when the cable touches 1.3044

1.3087 First Target. In order to reach this target, it needs to clear the 20 pip strong buyer zone. For this, it can pass in a long single candle.
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  • #837,433
  • Sep 7, 2024 3:31pm Sep 7, 2024 3:31pm
Quoting HaLBot
Study this woman's face for a while and then post what you think of it?? Best if you click on image to expand. Off topic I know but it is the weekend {image}
Scary..
  • #837,434
  • Sep 7, 2024 11:02pm Sep 7, 2024 11:02pm
Quoting elude
{quote} Scary..

Scary for sure but why?
Don't Leave Money on the Table
  • #837,435
  • Sep 7, 2024 11:06pm Sep 7, 2024 11:06pm
Quoting fontu
Checking usdx , extremely vulnerable tanking great next leg down. Immediately even likely tank to next support 99.14 before a last leg up if possibly to 103 before retest and breaks 99.14 . So test 99.14 low , next may bounce and will see when the real tanking may start ,so strong bearish ! Gbpusd at a top but still in bull set up as beforev {image} {image} {image} {image} {image} {image}

If countries keep piling into the BRICS economy because it's actually backs by tangible assets and dump dollars then US economy gonna crash like you won't believe and the US will have no way of getting out of it's 34 Trillion dollar debt and counting.
Don't Leave Money on the Table
  • #837,436
  • Sep 8, 2024 12:11am Sep 8, 2024 12:11am
Quoting Wavegarrick
{quote} Lots of time nothing really to do but wait, alfsuckaman. sickchick, robknob and transcala. You appear to have the same ip adress. Are the mods in on the same scam???????
...yes Leon you've found us all out again, we are the same person, how do you do it, ...
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  • #837,437
  • Sep 8, 2024 12:17am Sep 8, 2024 12:17am
Quoting bucko23
{quote} Sure .. timing is everything- but we are on these type of forums I hope to share ideas - some ideas are better than others but I hope we share one common goal and that is to make money !.. and make it consistently. If we work as a team we can all escape the rat race.
also these forums are for asking and answering questions, he's made a statement and I've asked a question...
  • #837,438
  • Sep 8, 2024 12:19am Sep 8, 2024 12:19am
Quoting Wavegarrick
{quote} Lots of time nothing really to do but wait, alfsuckaman. sickchick, robknob and transcala. You appear to have the same ip adress. Are the mods in on the same scam???????
hahaha! You have the same ID that women midget I fucked yesterday..
People don't plan to lose. They lose because they don't plan.
  • #837,439
  • Sep 8, 2024 12:25am Sep 8, 2024 12:25am
Quoting ScalaFX
{quote} hahaha! You have the same ID that women midget I fucked yesterday..
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  • #837,440
  • Sep 8, 2024 12:42am Sep 8, 2024 12:42am
Quoting Qu|cksilver
Thanks for your reply. My strategy when the market open above 1.8950 i will set long because the market open above the resistance.
GBPUSD hasn't given a clear movement yet
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