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Cable Update (GBPUSD)

  • #838,721
  • Sep 19, 2024 3:40am Sep 19, 2024 3:40am
Quoting BeeTogether
{quote} possibly. A lot depends on how the markets react to BoE in a few hours. Like we saw yesterday we dipped before the news and boom shot through before retreating. Not saying we could have similar as there is no movement in rates however if the reports are hawkish it could mean 133-13350 today
My long term directional bias is bullish as well. Despite seeing few good setup for short, I still stand on bull side. Looks like BoE will be more hawkish than dovish. But never say never. Time will tell.
With courage, patience, and discipline, success is a matter of time.
  • #838,722
  • Sep 19, 2024 3:45am Sep 19, 2024 3:45am
Quoting pipfarm
{quote} Although it may seem like it , i am not actually doing elliott wave counts, what i look for is a correction on one timeframe which is moving against the larger degree wave ( not to be confused with timeframe) , then i look to see if i can recognise the corrective pattern as described in elliott wave ie flats, zigzags etc then to enter i wait for the price to trend out of the correction. The answer to your question is H1 minor correction moving against the larger degree ( not timeframe) wave, with M15 to view the internal structure and in...
Hi. I read your posts and although your trading edge is obviously different to mine, there are similarities in that we use multi-time frame analysis, and understand the relationships, and I see further similarities between us in the way you have refined a methodology around this, that is an essential part of your edge.

Multi-time frame analysis and their relationships to each other is in my view essential to obtain the most accurate analysis of what is going on in a market, from a technical perspective. The relationship too of defined hi's and lo's to each other can also give clues re the overall context of a market.

For those thinking this is all too much effort, - well the price of detail is work, but the reward is a better analysis of the market, and therefore a better chance of better trades, and a much improved chance too of longevity as a trader. Most of my trading session (s) are spent updating charts/analysing so that when I do have a repeating set-up to trade, it has the best chance possible of being a winning trade.
Trader with an Edge.
  • #838,723
  • Sep 19, 2024 3:59am Sep 19, 2024 3:59am
here's the weekly and today is Thursday
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #838,724
  • Sep 19, 2024 4:02am Sep 19, 2024 4:02am
...gmt/utc+3 price feed 4hr just closed as a bullish thrust candle, an upside follow thru on the bullish engulf before it that extends down to Asian lo/current dly lo. Price still battling upside thru this wide prev 1hr/4hr sw hi zone = pot res to y/day's hi, (current wkly/mthly/yrly hi too.)

4hr/1hr below
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Trader with an Edge.
  • #838,725
  • Sep 19, 2024 4:07am Sep 19, 2024 4:07am
Bull run is mad, can’t get a buy ! Every time I see a slowdown it shoots up lol
Insane in the Brain..
  • #838,726
  • Sep 19, 2024 4:10am Sep 19, 2024 4:10am
Quoting BeeTogether
Bull run is mad, can’t get a buy ! Every time I see a slowdown it shoots up lol
Yeh it's a straight line up really off current dly lo. I got this 5min bullish hidden div entry on that last minor p/back visible on 15min, with a bullish engulfr close trigger for entry, but it's the 1st I've had of that type of set-up since my trading session began.

5min below
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Trader with an Edge.
  • #838,727
  • Sep 19, 2024 4:10am Sep 19, 2024 4:10am
Quoting BeeTogether
Bull run is mad, can’t get a buy ! Every time I see a slowdown it shoots up lol
M5 was an entry frame
in wondering about yourself, you forgot what you came here to be part of
  • #838,728
  • Sep 19, 2024 4:17am Sep 19, 2024 4:17am
Quoting Headland
{quote} Yeh it's a straight line up really off current dly lo. I got this 5min bullish hidden div entry on that last minor p/back visible on 15min, with a bullish engulfr close trigger for entry, but it's the 1st I've had of that type of set-up since my trading session began. 5min below {image}
What on earth is that blue wavey thing Headland? Did you draw that in?
Compulsions can be hard to resist
  • #838,729
  • Sep 19, 2024 4:20am Sep 19, 2024 4:20am
Quoting trumps
{quote} What on earth is that blue wavey thing Headland? Did you draw that in?
Hi, lol no, it's a channel indy I am looking @/experimenting with right now, see if it is a good addition to my trade entry charts. I have it on all t/f's. I like a few channels!

30min below
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Trader with an Edge.
  • #838,730
  • Sep 19, 2024 4:27am Sep 19, 2024 4:27am
Quoting Headland
{quote} Hi, lol no, it's a channel indy I am looking @/experimenting with right now, see if it is a good addition to my trade entry charts. I have it on all t/f's. I like a few channels! 30min below {image}
I hope it goes well, all the best
Compulsions can be hard to resist
  • #838,731
  • Sep 19, 2024 4:32am Sep 19, 2024 4:32am
No signal for correction yet swing high in only leg up .then test previous high and new high possible before correction .
So smooth raise in supply zone , usdx then tanking previous low or may more low ! Watching
Usdx ok in standard pa ,bottoming . May need more strong US fed rate news in tandem to survive here !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,732
  • Sep 19, 2024 4:46am Sep 19, 2024 4:46am
shorted 3284 Risk 30 pips
  • #838,733
  • Sep 19, 2024 4:58am Sep 19, 2024 4:58am
Quoting chess king
shorted 3284 Risk 30 pips
not a bad area for a short liquidity for a move above 133 later. BoE in 1 hour
Insane in the Brain..
  • #838,734
  • Sep 19, 2024 5:05am Sep 19, 2024 5:05am
Quoting BeeTogether
{quote} not a bad area for a short liquidity for a move above 133 later. BoE in 1 hour

Euro and Cable look to have run out of steam for now
Don't Leave Money on the Table
  • #838,735
  • Sep 19, 2024 5:14am Sep 19, 2024 5:14am
Quoting HaLBot
{quote} Euro and Cable look to have run out of steam for now
yup.. although it could really be a breather. I’m hoping for a drop below 13250 before a pump up to 133-13350 for BoE however with the remaining time that won’t happen
Insane in the Brain..
  • #838,736
  • Sep 19, 2024 5:17am Sep 19, 2024 5:17am
Quoting BeeTogether
{quote} yup.. although it could really be a breather. I’m hoping for a drop below 13250 before a pump up to 133-13350 for BoE however with the remaining time that won’t happen

We could still drop to 3260....
Don't Leave Money on the Table
  • #838,737
  • Sep 19, 2024 5:25am Sep 19, 2024 5:25am
Quoting HaLBot
{quote} We could still drop to 3260....
could do but every time we get to 13275 it shoots up lol
Insane in the Brain..
  • #838,738
  • Sep 19, 2024 5:32am Sep 19, 2024 5:32am
With the US dropping rates maybe Britain will do the same and cut by 25bps
Don't Leave Money on the Table
  • #838,739
  • Sep 19, 2024 5:35am Sep 19, 2024 5:35am
Quoting HaLBot
With the US dropping rates maybe Britain will do the same and cut by 25bps
doubt it, I believe BoE will be hawkish
Insane in the Brain..
  • #838,740
  • Sep 19, 2024 5:55am Sep 19, 2024 5:55am
Time for a long.. 133-13350
Insane in the Brain..
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