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Cable Update (GBPUSD)

  • #837,721
  • Sep 10, 2024 10:53am Sep 10, 2024 10:53am
Quoting Zebi
{quote} lovely...beautiful... picking the top is always sweet for contrarian traders LOL if the monthly closes under my line means the bull run shud be over for awhile...sure there will be bullish green days but the hire timeframes will exert their influence over the scalpers trading 5 min charts LOL everything I said on the 25th still applies....retail traders got their knickers in a bind thinking powell gona cut in sept when he said no such ting LOL always remember gentlemen breakout trading succeeds only 20% of the time so that's why I fade the...
everything i said on aug 25th and this quote on the 29th still applies
especially the part about fading breakouts LOL
short trump and go long the deepstate
  • #837,722
  • Sep 10, 2024 11:00am Sep 10, 2024 11:00am
Quoting fontu
Looks supposed limit down break today , gu 3043, eu 1009. No stop at previous low! .watching Testing long to see Signal bounce gu 3065 and eu 1026 . {image}
Tests success ! Watching eurusd 1028 breaks, another signal after 1026.
Gbpusd breaks limit 3065, next confirmation ,3076 and 78 . Watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,723
  • Sep 10, 2024 11:00am Sep 10, 2024 11:00am
No chance of a long. Back to short at 13060
Insane in the Brain..
  • #837,724
  • Sep 10, 2024 11:15am Sep 10, 2024 11:15am
Quoting Fardeen1209
{quote} Trading gold is hard, i analyse from monthly to 3 mins. While using 3 mins chart for entry but actually positioning for the 15mins market structure. 15 mins market structure > 30mins candlestick 30 mins market structure > 1hr candlestick 1hr market structure > 4hr candlestick 4hr market structure > Daily candlestick Daily market structure(swing) > weekly candlestick. Market structure is harder to manipulate than candlestick as it is hard to hide the area of liquidity, thus give higher chance to be on the right side majority of the time....
thanks, i will try to keep this in mind. I usually try to get the idea of people Chart, but seems lacking of hpw that chart is made and the entry. My entry sometimes came whithout confirmation at worst
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #837,725
  • Sep 10, 2024 11:23am Sep 10, 2024 11:23am
Quoting Zebi
{quote} everything i said on aug 25th and this quote on the 29th still applies especially the part about fading breakouts LOL
zebi my boy what's up everything good?
  • #837,726
  • Sep 10, 2024 11:27am Sep 10, 2024 11:27am
Quoting pipfarm
{quote} Bear in mind what you are trading ,that is a very very minor impulse ( not impulse wave but a single impulse) that determines your t/p
I don't really understand what you mean by that. As in my post, I was anticipating a double bottom and needed it to spike a little further for my TP.

My downward bias was based on HTF structure, Previous High Being Taken and Fresh H4 Engulf.

I try not to predict too far ahead as I never know when the "impulse wave" will actually complete.

For example, in my trade, how do we know that the zone I highlighted couldn't hold price? Maybe go a little bit higher then we have a big move over Asia?

It's all possible right? So I try and look for trades that I'm reasonably confident about the direction with a small range, then just "hope" it carries on. Once the range I see is filled I just put to B/E.

After price completed the double bottom, I had no idea that it would go down so far, I just knew the double bottom was a high probability play.

I see a lot of people here trade EW and other complex ways of interpreting the market. That's fine and I respect that but it's just not the way I see the market. That's not to say I can't learn anything from you guys but, for now, I'm just trying to pick up on some small things.

Any and all feedback is always appreciated though!
  • #837,727
  • Sep 10, 2024 11:36am Sep 10, 2024 11:36am
Quoting BeeTogether
No chance of a long. Back to short at 13060
Should try test 3076 /78 plus today, waiting close there initially !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,728
  • Sep 10, 2024 11:37am Sep 10, 2024 11:37am
Quoting Godspromise
{quote} zebi my boy what's up everything good?

everything copacetic ...how things with you...I've been in the gold room last two days cause its turned into a shitshow like here LOL...so I'm having fun with prop traders acting like their fed bankers trying to teach newbies how to trade
short trump and go long the deepstate
  • #837,729
  • Sep 10, 2024 11:54am Sep 10, 2024 11:54am
I'm so stupid
I could have made a lot of profit today
But i have no disenplant
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Now i remember
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yes yes yes
  • #837,730
  • Sep 10, 2024 12:04pm Sep 10, 2024 12:04pm
Quoting Zebi
{quote} everything copacetic ...how things with you...I've been in the gold room last two days cause its turned into a shitshow like here LOL...so I'm having fun with prop traders acting like their fed bankers trying to teach newbies how to trade
that's that's they gonna learn the hard way man ain't nobody in this business especially prop firms your friend man I'm still tweaking and learning my system still quite break even but it's getting easier
  • #837,731
  • Sep 10, 2024 12:14pm Sep 10, 2024 12:14pm
Quoting Moty
I'm so stupid I could have made a lot of profit today But i have no disenplant {image} Now i remember {image} {image}
Easy money
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yes yes yes
  • #837,732
  • Sep 10, 2024 12:31pm Sep 10, 2024 12:31pm
Maybe a squeeze up to take some shorts out so going to layer more shorts
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Master your mind. Master Trading.
  • #837,733
  • Sep 10, 2024 12:34pm Sep 10, 2024 12:34pm
Quoting Pat Chiko
{quote} GU Stopped out. Wave C completed with12345 Going for LONG N3 as price filled FVG For clarity , refer to previous set up chart. {image} O/S don't disturb me now, I'm crying for the loss trades
GU

having to redraw and analyse the chart for tomorrow with US CPI data release going to be major impact on GU.
This EW 4 is overlapping and hope it will end tomorrow for continuation EW5
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Quoting BeeTogether
No chance of a long. Back to short at 13060
Potentially going down to 38 or 50% fib for full correction. ( on daily)
Scalping is mode for trading in overlapping prices correction
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,734
  • Sep 10, 2024 1:01pm Sep 10, 2024 1:01pm
Quoting KareemAliFx
Maybe a squeeze up to take some shorts out so going to layer more shorts {image}
ah who am I kidding add more
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Master your mind. Master Trading.
  • #837,735
  • Sep 10, 2024 1:09pm Sep 10, 2024 1:09pm
Quoting Pat Chiko
{quote} BTC H4 On H4 the five-wave sequence of Wave C appears to be complete. If that's the case and we get a break of structure to the upside, it will confirm for me that Wave 2 has ended and signal the start of the next uptrend. {image} At that point, will be looking for opportunities to add more long position. However, we need to see a strong, clear break of structure (MSS) to the upside before considering long positions, as there’s always a chance that the market continues to form lower highs and lower lows, as it has been doing. If the market...
BTC

Daily
On Daily, EW four has already completed, and the initial move up appears to be wave one of wave five.
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This current movement seems like a larger ABC correction, forming wave two of wave five.
Expect it to push higher, eventually forming wave three, wave four, and wave five of the overall wave five.


H4
On the H4, I’ve used a Fib extension to measure wave A, projected from the top of what seems to be wave B.
If this is truly an expanding flat, the target typically lies between the 161% and 178% Fib extension of wave A, projected from wave B, which is exactly where price turned.
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It also appears to be attempting a break of structure, indicating a strong chance that this correction is over. If so, I’d expect a pullback, and at the end of that pullback, I’d look to go long, potentially signaling the start of wave three of wave five.



H1
On H1, the 161% to 178% Fibonacci extension is the target for wave C of an expanding flat, and that's exactly where the price reversed and broke structure. Expecting a three-wave pullback down to a retracement level, followed by a strong bullish engulfing move to the upside.
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If this is indeed the end of wave two, and we’re now entering wave three on the higher time frames, we should see a very powerful move upwards.
Wave threes are typically the strongest waves in a trend, so if this truly is wave three, it should be very obvious due to the strength and the break of multiple structures along the way.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,736
  • Sep 10, 2024 1:38pm Sep 10, 2024 1:38pm
Checking pa , to see where may to start again! Strong Bull set up at very intact so far ! Let's see next day can keep secure !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,737
  • Sep 10, 2024 1:47pm Sep 10, 2024 1:47pm
Quoting pipfarm
{quote} Had to take two entries on GU but looks ok now, EU looks fine too 4k profit so far, far more than a days wages but greed will get me for sure!!! {image} {image}
Ok that was not fun, as i said greed got me and ended up with 3k from 6k , still better than nothing
Follow The Markets Structure - Patience and Discipline
  • #837,738
  • Sep 10, 2024 1:50pm Sep 10, 2024 1:50pm
GBPUSD - Sell

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  • #837,739
  • Sep 10, 2024 1:54pm Sep 10, 2024 1:54pm
BTC 57660 short after double top, SL +300 above high, TP 50000
People don't plan to lose. They lose because they don't plan.
  • #837,740
  • Sep 10, 2024 2:05pm Sep 10, 2024 2:05pm
Quoting Pat Chiko
{quote} BTC Daily On Daily, EW four has already completed, and the initial move up appears to be wave one of wave five.{image} This current movement seems like a larger ABC correction, forming wave two of wave five. Expect it to push higher, eventually forming wave three, wave four, and wave five of the overall wave five. H4 On the H4, I’ve used a Fib extension to measure wave A, projected from the top of what seems to be wave B. If this is truly an expanding flat, the target typically lies between the 161% and 178% Fib extension of wave A, projected...
absolute gem of a post, if only we were some how connected...
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