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Cable Update (GBPUSD)

  • #837,641
  • Sep 10, 2024 4:37am Sep 10, 2024 4:37am
Quoting Pat Chiko
{quote} GU Plan the trade set up 12 hours ago {image} Execute the plan Place limit order one hour after open{image} Enjoy the ride and take partial Nine hours after market open (Take partial TP){image} To see the full set up , please click the link to the previous post
GU

Alright, here we go again.
I can only provide my analysis; making you understand it, however, isn’t really part of my job description.

Grasping these concepts requires a bit of knowledge, so if you’re working with limited understanding, you might struggle to get the full picture of the trade ideas I’m sharing.

So, I’d highly recommend brushing up on the basics before diving into my analysis and trade setups.

You know, just a thought.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,642
  • Sep 10, 2024 4:41am Sep 10, 2024 4:41am
Quoting HaLBot
{quote} Hail to the King Baby....Hail to the King
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  • #837,643
  • Sep 10, 2024 4:41am Sep 10, 2024 4:41am
Quoting Pat Chiko
{quote} Trump, you are right if you read only part of my post. You have to read the whole things Plus I update my scalping position regularly. You have to keep up with my post to understand it. I can only show you my analysis and trades, unfotunately I cannto make you understand how to trade My analysis wil foow after this Hope you have it clear mind reading it and not trying to twist it.
I read the whole post, didn’t twist anything. Can you clarify what part of your post was foresight? Or was it the move down from resistance? I ask, because the posted trade was hindsight.
Compulsions can be hard to resist
  • #837,644
  • Sep 10, 2024 4:42am Sep 10, 2024 4:42am
...so we've had a false 1st b/o of y/day's lo, down to the Asian lo, which is the current dly/wkly/mthly lo too right now, -then- a 1st upside b/o of Asian hi to current dly hi, a pullback and retest of it, and another run up towards the current dly hi. Everyone got it,? good.

1hr below
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Trader with an Edge.
  • #837,645
  • Sep 10, 2024 4:43am Sep 10, 2024 4:43am
Quoting Pat Chiko
{quote} GU Plan the trade set up 12 hours ago {image} Execute the plan Place limit order one hour after open{image} Enjoy the ride and take partial Nine hours after market open (Take partial TP){image} To see the full set up , please click the link to the previous post
GU

Daily
On the Daily , I’ve applied Fib retracement to the recent upward move, and I’m anticipating a one-two-three pullback as a potential entry point for a long position, ideally with a strong Fib bounce.
I don’t believe the correction is over just yet.
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With the CPI inflation data released , that could signal the end of the correction, but it’s also possible the correction could extend until September 18th, when the interest rate decision is announced.
We’ll have to monitor closely to see how it unfolds.

H4

On H4, we had some pound news today, which gave the currency a bit of strength.
This looks like a clear downtrend forming Wave A, followed by three waves up for Wave B.
It seems we're now seeing a five-wave formation for Wave C.
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While the price is moving up and may continue to do so for the rest of the day, the overall trend still appears to be down.
I expect it to retrace to at least the 50% or 61% Fibonacci level before resuming the downtrend.

H1
On H1, recent pound news has strengthened the currency, and it's now approaching a potential break of structure.
Once that break occurs and holds, it would confirm for me that the corrective trend is over.

If the correction is indeed complete and we anticipate a continuation of the downtrend on shorter time frames, we would likely see a pullback—potentially down to the 38% or even 50% Fib retracement level—forming a three-wave ABC pattern.
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If this happens, followed by a strong bearish move, that would be the ideal setup I’m waiting for to continue shorting.

However, for Scalper, there may still be opportunities to scalp long positions while waiting for the full correction to develop before going short to continue Wave C.

This is the simplest analysis i can share,
If you dont grasp the whole write up, you need to polish a bit of knowledge.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,646
  • Sep 10, 2024 4:43am Sep 10, 2024 4:43am
Quoting elude
{quote} {image}

Hahahahahahahaha......

You should have bought Elude of the King's signals

And so should you all.....spoken with Charlies accent


Euro not playin the game though.....thought we were going to pump real well......

Even though Euro still kicking me in the goolies that was a 500 buck play
Don't Leave Money on the Table
  • #837,647
  • Sep 10, 2024 4:48am Sep 10, 2024 4:48am
Quoting HaLBot
{quote} Hahahahahahahaha...... You should have bought Elude of the King's signals And so should you all.....spoken with Charlies accent Euro not playin the game though.....thought we were going to pump real well......
Dunno about that hahaha
  • #837,648
  • Sep 10, 2024 4:49am Sep 10, 2024 4:49am
Quoting Pat Chiko
{quote} Trump, you are right if you read only part of my post. You have to read the whole things Plus I update my scalping position regularly. You have to keep up with my post to understand it. I can only show you my analysis and trades, unfotunately I cannto make you understand how to trade My analysis wil foow after this Hope you have it clear mind reading it and not trying to twist it.
...you can only take a horse to water you can't make them drink...
  • #837,649
  • Sep 10, 2024 4:51am Sep 10, 2024 4:51am
Quoting Pat Chiko
{quote} GU Daily On the Daily , I’ve applied Fib retracement to the recent upward move, and I’m anticipating a one-two-three pullback as a potential entry point for a long position, ideally with a strong Fib bounce. I don’t believe the correction is over just yet. {image} With the CPI inflation data released , that could signal the end of the correction, but it’s also possible the correction could extend until September 18th, when the interest rate decision is announced. We’ll have to monitor closely to see how it unfolds. H4 On H4, we had some...
I like your 4hr outlook. I think the daily can go to 1.29, even lower. 1.2880 area is a tempting target looking at the weekly this morning (Aust time).
Compulsions can be hard to resist
  • #837,650
  • Sep 10, 2024 4:51am Sep 10, 2024 4:51am
Come on mister mf
You owe me 100 $ from yesterday
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yes yes yes
  • #837,651
  • Sep 10, 2024 4:51am Sep 10, 2024 4:51am
Sell USDCAD here at 1.3569
  • #837,652
  • Sep 10, 2024 4:52am Sep 10, 2024 4:52am
Quoting Pat Chiko
{quote} GU Daily On the Daily , I’ve applied Fib retracement to the recent upward move, and I’m anticipating a one-two-three pullback as a potential entry point for a long position, ideally with a strong Fib bounce. I don’t believe the correction is over just yet. {image} With the CPI inflation data released , that could signal the end of the correction, but it’s also possible the correction could extend until September 18th, when the interest rate decision is announced. We’ll have to monitor closely to see how it unfolds. H4 On H4, we had some...
GU


Just a reminder for everyone: I’m a scalper, using the H4 time frame.
( not 15m, 5m not 1m)

Scalping with Daily & H4 TF is my forte, and I rely on higher time frame analysis because lower time frames move too quickly for my trading style.
Thus i alway enjoy the time in between the trade...................carpe diem
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,653
  • Sep 10, 2024 4:53am Sep 10, 2024 4:53am
Quoting Waveskierrob
{quote} ...you can only take a horse to water you can't make them drink...
Maybe you can point the foresight out to me. Was it move down from resistance he correctly forecasted?
Compulsions can be hard to resist
  • #837,654
  • Sep 10, 2024 4:53am Sep 10, 2024 4:53am
Quoting Waveskierrob
{quote} ...you can only take a horse to water you can't make them drink...

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Don't Leave Money on the Table
  • #837,655
  • Sep 10, 2024 4:54am Sep 10, 2024 4:54am
...it's funny, I draw all these pretty colored rectangles, and plot fibs and trend lines, and have fibs and calculated pivots on my potential supp/res factors charts, and sometimes price just encounters support or resistance in no-man's land, - like the asian lo / current dly lo today. I was in sleepy go bye bye land when it happened but it does happen too when I am @ the desk. It just means that my own potential supp/ress analysis didn't pick up buying or selling interest when it happens.

Speaking of fibs, in case of more downside;

fibs graphic below
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Trader with an Edge.
  • #837,656
  • Sep 10, 2024 4:55am Sep 10, 2024 4:55am
Quoting Waveskierrob
{quote} ...you can only take a horse to water you can't make them drink...
I'll drink to that!
  • #837,657
  • Sep 10, 2024 4:56am Sep 10, 2024 4:56am
Quoting HaLBot
{quote} {image}
hahahaha
  • #837,658
  • Edited 5:10am Sep 10, 2024 4:57am | Edited 5:10am
Watching same limit 3109, tested 3100 and close long , watching next developments !take care
Correction can be 3085 to 75 before test 3110 !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,659
  • Sep 10, 2024 4:57am Sep 10, 2024 4:57am
GBPUSD - Sell

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Together we can be strongest
Vantage Return This Month: na
  • #837,660
  • Sep 10, 2024 5:00am Sep 10, 2024 5:00am
Quoting trumps
{quote} Maybe you can point the foresight out to me. Was it move down from resistance he correctly forecasted?
again you have failed to understand the quote, that's why I have posted it...
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