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Cable Update (GBPUSD)

  • #849,381
  • Dec 22, 2024 1:34pm Dec 22, 2024 1:34pm
Quoting shay14
Jesus Christ, it's still the weekend, and grown men are still arguing.
So let's change the narrative
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  • #849,382
  • Dec 22, 2024 1:36pm Dec 22, 2024 1:36pm
My plan is to short eurusd tonight Asian session stop losss at 1.05000 with a 2% risk of capital I would like to wait for moty to come in the thread and buy eu first
Master your mind. Master Trading.
  • #849,383
  • Dec 22, 2024 1:49pm Dec 22, 2024 1:49pm
It's going to be a less than fully liquid week this week. USD can often do well during public holidays and low liquidity weeks. But it's also opportunity for other majors to shine. Inclined to think DXY isn't quite done yet. Cable has a potential double bottom but unsure if that will hold.
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  • #849,384
  • Dec 22, 2024 2:34pm Dec 22, 2024 2:34pm
As for AUD and NZD, what is there to say other than incredibly oversold? Both these pairs trade most strongly not against their USD pairs but against the Euro. Hence it is critically important to watch EURAUD and EURNZD. When these crosses are bullish, AUD and NZD don't stand a chance. The lower price of these 2 pairs makes them expendable against higher value currencies like EUR and GBP, so market can load them up (as ammo), then dump them again. Still I'm looking to buy AUD and NZD when market is done hammering them both. 0.6175 for AUD (pending buy order, subject to TA holding on that double bottom) and 0.5523 for NZD. The crosses are still bullish, so patience is a must. Need to see these crosses selling off if AUD and NZD have a hope of heading north again (which I believe they will, interest rate reasons and a weakening USD). Only question is when
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  • #849,385
  • Dec 22, 2024 2:37pm Dec 22, 2024 2:37pm
Quoting shay14
Jesus Christ, it's still the weekend, and grown men are still arguing.
Well it Is the drama thread, what did you expect...
  • #849,386
  • Dec 22, 2024 2:47pm Dec 22, 2024 2:47pm
Quoting shay14
Jesus Christ, it's still the weekend, and grown men are still arguing.
"grown men" may be debatable not always indicative of birthdays.
"The Rich Never Pay Retail"
  • #849,387
  • Dec 22, 2024 3:03pm Dec 22, 2024 3:03pm
Quoting KareemAliFx
My plan is to short eurusd tonight Asian session stop losss at 1.05000 with a 2% risk of capital I would like to wait for moty to come in the thread and buy eu first
nvm I’m going to wait for it to actually test 1.05000 first so no trades tonight good luck tonight guys I’m out
Master your mind. Master Trading.
  • #849,388
  • Dec 22, 2024 3:28pm Dec 22, 2024 3:28pm
GBPUSD price action on the daily time frame went sideways below a rising wedge (red) on Friday after a bearish breakdown on Thursday. Technical impulse favours bears more than bulls. Nevertheless, we may still see a northward retest of an intra-day area of value before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP


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Do your homework, follow the footprints of smart money
  • #849,389
  • Dec 22, 2024 4:33pm Dec 22, 2024 4:33pm
Happy to be back
Discouragement is the language of the devil. Results over hype.
  • #849,390
  • Dec 22, 2024 5:30pm Dec 22, 2024 5:30pm
Quoting Coreg2004
Those in this thread for some time know that Meathead constantly presents himself as Sperarneo's method expert. Let's see how faithful he is to VS teaching. Here is @Bones chart that is perfect if you use VS drawing TL rules. {image} and here is how you would draw the TL if you used VS rules. Excerpt from his book mentioned earlier...page 73 {image} here is my chart posted multiple times here and in my thread. {image} When the conditions on the chart change we need to adjust our TL to be truthful with VS rules. That's what I did when the new low...

turdblossom...you call me ignorant but you unwittingly made my case for me ROFLMAO

I took these screenshots of your post incase you decided to edit them out LOL...now that I'm home again ill comment

as you can see on the bottom of that book page it says wrong trendline just like the way bones drew it...missing the swing high anchor LOL

lets argue somemore turdB since your so dense you win the argument for me without me having to make much of an effort LOL
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short trump and go long the deepstate
  • #849,391
  • Dec 22, 2024 6:06pm Dec 22, 2024 6:06pm
Quoting Zebi
{quote} turdblossom...you call me ignorant but you unwittingly made my case for me ROFLMAO I took these screenshots of your post incase you decided to edit them out LOL...now that I'm home again ill comment as you can see on the bottom of that book page it says wrong trendline just like the way bones drew it...missing the swing high anchor LOL lets argue somemore turdB since your so dense you win the argument for me without me having to make much of an effort LOL {image} {image}
Meathead, you are beyond help. Here, read again your hallucinations. You are a pathetic loser.
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Meathed, this will conclude the attention I indulge you with. Write whatever you want. People I respect as fine human beings ask me to end this bickering.
Always trade your own plan...I don't provide trading signals.
  • #849,392
  • Dec 22, 2024 6:30pm Dec 22, 2024 6:30pm
Quoting Zebi
{quote} turdblossom...you call me ignorant but you unwittingly made my case for me ROFLMAO I took these screenshots of your post incase you decided to edit them out LOL...now that I'm home again ill comment as you can see on the bottom of that book page it says wrong trendline just like the way bones drew it...missing the swing high anchor LOL lets argue somemore turdB since your so dense you win the argument for me without me having to make much of an effort LOL {image} {image}
I am curious on this image, since both examples are missing that swing high anchor. It seems to be more a matter of where that “wrong” TL connects further down the page that we can’t see.
Compulsions can be hard to resist
  • #849,393
  • Dec 22, 2024 8:06pm Dec 22, 2024 8:06pm
eurgbp - monthly
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vankiepsauff@gmail
  • #849,394
  • Edited Dec 23, 2024 12:38am Dec 22, 2024 9:47pm | Edited Dec 23, 2024 12:38am
Quoting fontu
Making bottom in both gbpusd and eurusd but unlike gbpusd eurusd limit still intact 0452 while in gbpusd 2608 broken up and may eurusd may try limit next time and presently both may correct before further bounce! Weekly ok for further down while daily tf multiday bounce as started Friday last . So bear may dominate open and close market next week that is due impulse down nature of eurusd bear remain strong relatively in the sideways/ bottoming ! ,take care Now limit or top failure gbpusd is 2559 , 1st confirmation 2537 to may target 2496 if confirmation...
So 2559 top failure and bounce and short taken at 2586 to see play around 2520 ok or not. Sl above previous high. Any breakout and continue bounce is also a common pa now a days again if run for 2640 , may target next bounce though but to take onesided only! 2559 may reconfirm as top failure for now only ! Signal 2577.Take care

open computer to see if ok as now not in sleeping mode ! yeah , lets go , 2577 breaks and hold to rest most important 2559! corresponding eurusd should be 0421/18! to see how strong it breaks 2554 next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #849,395
  • Dec 22, 2024 10:59pm Dec 22, 2024 10:59pm
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yes yes yes
  • #849,396
  • Dec 22, 2024 11:46pm Dec 22, 2024 11:46pm
Quoting Ferna
Enjoy the next 3 years.
Oh fuck! He is back!
P.s. Mama gave you one hundret to play with? Happy trading
People don't plan to lose. They lose because they don't plan.
  • #849,397
  • Dec 23, 2024 12:07am Dec 23, 2024 12:07am
TP open
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  • #849,398
  • Dec 23, 2024 12:17am Dec 23, 2024 12:17am
Quoting ScalaFX
{quote} Oh fuck! He is back! P.s. Mama gave you one hundret to play with? Happy trading
Yes straight from the gym...
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  • #849,399
  • Dec 23, 2024 12:18am Dec 23, 2024 12:18am
Quoting Waveskierrob
{quote} Yes straight from the gym... {image}
People don't plan to lose. They lose because they don't plan.
  • #849,400
  • Dec 23, 2024 12:45am Dec 23, 2024 12:45am
Quoting ScalaFX
{quote}
I suspect Nubcake will show his face too, two spread his Christmas cheers...
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Ahsan