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Cable Update (GBPUSD)

  • #837,801
  • Sep 11, 2024 4:42am Sep 11, 2024 4:42am
Sold 1.3095 SL 1.3105 TP 1.3055
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,802
  • Edited 5:36am Sep 11, 2024 5:07am | Edited 5:36am
...potential for an intermediate or full expanding triangle pattern on 4hr. (Inter would be a pt 5 long entry @ a fib retrace of move 3-4, Full would be a pt.5 long entry @ a fib ext of move 3-4, ie could drop down a t/f to fine-tune the entry.) If the later - then ideally would have bullish regular div between pt.s 1 and 5. If the former - the pattern is not optimum/perfect as no bullish reg div between pt's 1 and 3.

4hr below
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Trader with an Edge.
  • #837,803
  • Sep 11, 2024 5:12am Sep 11, 2024 5:12am
Quoting BeeTogether
{quote} tell me about it.. bastard touched 13080 and shot up lol. I call it liquidity hunting. But then again I’m shorting if I was long I’d be saying about frigging time
There is no long here, Bee. Bottom hasn't been touched yet and the more it is delayed the more it will be a bloody bearish month. I favoured a bullish month with price dipping to 2950-2990 and then furiously rocketing up to at least 3300. But the more price plays above the monthly pivot towards the 18th then price may simply just run down and never resurrect.
  • #837,804
  • Sep 11, 2024 5:13am Sep 11, 2024 5:13am
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yes yes yes
  • #837,805
  • Sep 11, 2024 5:23am Sep 11, 2024 5:23am
...some downside follow-thru now on that last gmt/utc+3 price feed 4hr dark cloud cover close and same on 30min. Challenging a prev minor 1hr sw lo zone = pot supp now.

1hr below
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Trader with an Edge.
  • #837,806
  • Sep 11, 2024 5:33am Sep 11, 2024 5:33am
$TLT
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Blackrock 20Y+ Treasury ETFs.
Price of bond rise, yield curve goes down, Dollah with it. Metals and equities goes up.
You can get an idea of flow of funds, just by looking at the chart.
More time in the market, does not mean you trade better!
  • #837,807
  • Sep 11, 2024 5:57am Sep 11, 2024 5:57am
Bought as 3 min FVG inversed
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  • #837,808
  • Sep 11, 2024 6:02am Sep 11, 2024 6:02am
Quoting Yngwie
Sold 1.3095 SL 1.3105 TP 1.3055
hard to break 1.3070. hit trailing SL for 15p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,809
  • Sep 11, 2024 6:06am Sep 11, 2024 6:06am
Checking pa , pa ranging , but still bullish in favour for short time ! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,810
  • Sep 11, 2024 6:06am Sep 11, 2024 6:06am
Quoting Yngwie
Sold 1.3095 SL 1.3105 TP 1.3055
Sold again 1.3093
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,811
  • Sep 11, 2024 6:43am Sep 11, 2024 6:43am
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yes yes yes
  • #837,812
  • Sep 11, 2024 6:48am Sep 11, 2024 6:48am
...a prev minor 30min sw hi = pot res (once tested and held as res to 15min,) and a prev minor 30min sw lo zone = pot supp (un-tested,) border current price right now. 1Hr rangy overall right now. Intraday is still bullish overall right now.

Upcoming U.s data could be key in deciding near-term (+) direction of this and other pairings/instruments. (Stating the obvious I know!)

1hr below
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Trader with an Edge.
  • #837,813
  • Sep 11, 2024 6:49am Sep 11, 2024 6:49am
Quoting Pat Chiko
{quote} GJ If you jump into a breakout too quickly, you’re likely to get squeezed more often than not. Think of it this way: at resistance, sellers are already in, and when their stop-losses get hit, they either reverse their positions or retail traders start buying the breakout. At this point, the market is causing pain—it’s squeezing the late breakout buyers and messing with the psychology of those who were short and got stopped out earlier. The late buyers are closing in frustration, possibly reversing their positions, believing it was a false...
GJ

Daily completed formation of ABC and break strucutre.
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H4, have been shorting this market heavily over the past week or two, and it’s been with tiny profitable.
Took out some position for incoming CPI data released.

I’m not looking to go long at all right now.
The key structure level is much higher, and the only thing that would make me switch to longs is a clear break of that structure.
If that happens, I’d look to buy on the pullbacks after the break.
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Will continue shorting every time a three-wave pullback on the shorter time frames formed, following the downtrend.

CPI inflation data coming out today in the U.S., it's likely to affect the Yen pairs, as it's a risk-on/risk-off currency.
Unless the price breaks structure to the upside, keep doing exactly that—looking for pullbacks to short for the continuation of the downtrend.

If and when the structure breaks, start looking for long opportunities.
Don’t chase tops and bottoms but stick with the prevailing trend at every opportunity.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,814
  • Sep 11, 2024 6:55am Sep 11, 2024 6:55am
Quoting Pat Chiko
{quote} GJ Daily completed formation of ABC and break strucutre. {image} H4, have been shorting this market heavily over the past week or two, and it’s been with tiny profitable. Took out some position for incoming CPI data released. I’m not looking to go long at all right now. The key structure level is much higher, and the only thing that would make me switch to longs is a clear break of that structure. If that happens, I’d look to buy on the pullbacks after the break. {image} Will continue shorting every time a three-wave pullback on the shorter...
" Post of the day" ...
  • #837,815
  • Edited 8:03am Sep 11, 2024 6:56am | Edited 8:03am
Added shorts cpi coming up in 30 min
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Master your mind. Master Trading.
  • #837,816
  • Sep 11, 2024 7:03am Sep 11, 2024 7:03am
Quoting Pat Chiko
GOLD Gold has been trading sideways for weeks now, which is part of a Wave 4 correction, likely within a larger Wave 5. (on weekly) The key question is whether it will dip further into a deeper correction before resuming its uptrend, or if it will form another lower high, given that we may have already completed three waves down. {image} It's possible we could see a higher low, signaling the start of Wave 5. Looking at the 4-hour chart, a bit confusing. It resembles a typical Wave A down, followed by three waves up for Wave B, and then a potential...
GOLD


Have on side way eversince it enter EW 4.
We have CPI in a bit, it can goes back down to maintain in EW 4 as itawait for the Interest rates on the 18th Sept.
I not sure, more to guessing only.

Anyhow,
H4, with the CPI inflation data coming out today, My thought this wave four would be much larger.

We'll have to see how things play out.
Most dollar pairs seem like they need to drop a bit more, while gold, based on the higher time frames, looks like it wants to keep pushing upward.
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There's a bit of divergence between the dollar pairs, but the overall trend on every higher time frame for gold is clearly up. And when the trend is up, I lean towards longs.
Looking for long positions on gold, targeting the 2550–2560 range that marked on the higher time frames.

H1, we're getting closer to those levels, and has clear position right now, waait for US CPI Data surprise ( reaction)
However, if today’s news comes out and we see a break in structure, it could present a good shorting opportunity.
Many USD pairs look like they could drop further, and if they do, you’d expect gold to follow.
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That said, it’s a bit risky to short when the trend on every higher time frame is up. ( just dont do it now, wait for break strucutre.)
Drop down to the 1-hour chart and look for shorts in this scenario.

If the news causes a temporary drop, avoid taking any shorts and wait for a pullback to reenter long.
If the uptrend continues, you should stick with the trend and focus on longs.

The above is just my noob view, which is just a guessing only.

Pat Chiko
The last surviving newbie
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,817
  • Sep 11, 2024 7:05am Sep 11, 2024 7:05am
Quoting Waveskierrob
{quote} " Post of the day" ...
Did you report me to FF moderator.

I got this warning for it
(not going to post private message in public- its unethical)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,818
  • Sep 11, 2024 7:10am Sep 11, 2024 7:10am
Quoting Pat Chiko
{quote} GOLD Have on side way eversince it enter EW 4. We have CPI in a bit, it can goes back down to maintain in EW 4 as itawait for the Interest rates on the 18th Sept. I not sure, more to guessing only. Anyhow, H4, with the CPI inflation data coming out today, My thought this wave four would be much larger. We'll have to see how things play out. Most dollar pairs seem like they need to drop a bit more, while gold, based on the higher time frames, looks like it wants to keep pushing upward. {image} There's a bit of divergence between the dollar...
Expecting news to deliver temporary pullback, given the big difference between 2.9% last month to 2.5% this month seems a bit too much.
Possibility for headline to come at 2.6 or 2.7%, but it would not change the fact the CPI is falling. But as always market to over react the news, to trap money on both sides.
More time in the market, does not mean you trade better!
  • #837,819
  • Sep 11, 2024 7:14am Sep 11, 2024 7:14am
A quick one if anyone can help me here




Can anyone tell me what type/model of computer this girl is using?
Asking for a friend, off course.
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Thanks
dont stare too long, we have CPI coming.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,820
  • Sep 11, 2024 7:15am Sep 11, 2024 7:15am
Quoting stdvenomenon
{quote} I expect GU to move towards 1.30110 area this week, as im still bearish on the pair. And see the DXY going higher towards 102.009. Tomorrow im beginning to look for shorts.
Havent found a short entry yet according to my strategy, being patient and waiting for that snipe. CPI in 15 minutes. im still short on cable and bullish on the DXY. i Expect green news for the DXY, so a GU dump towards the 1.30100 area. Not trading CPI, because i never trade CPI nor NFP. Lets see.
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