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Cable Update (GBPUSD)

  • #849,741
  • Dec 30, 2024 8:45am Dec 30, 2024 8:45am
This could be a profit taking session for the year end
Insane in the Brain..
  • #849,742
  • Dec 30, 2024 9:26am Dec 30, 2024 9:26am
Quoting Mitiblotch
{quote} What caused the dump? Didn't even hit 2620. Maybe another try?
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Market Structure is the King.....
  • #849,743
  • Dec 30, 2024 9:40am Dec 30, 2024 9:40am
Quoting Yngwie
sold 1.2575
closed 50p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #849,744
  • Dec 30, 2024 9:42am Dec 30, 2024 9:42am
Quoting Abeylyn
{quote} {image}
Yea, it was violent. I was preaching that 2480 will be taken out before a rise. However, with thr rise I bought with a TP of 2617 but it was not to be. Came close and dumped. However, I am certain that the pseudo-equal highs at 2610 will be taken out at some point. The move is a bit strange. Why dump with a local high just a few pips away?
  • #849,745
  • Dec 30, 2024 9:51am Dec 30, 2024 9:51am
Should be enough for today , as testing 3505 and if daily close below 2520 for last day bear continue if !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #849,746
  • Dec 30, 2024 9:52am Dec 30, 2024 9:52am
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Compulsions can be hard to resist
  • #849,747
  • Dec 30, 2024 9:53am Dec 30, 2024 9:53am
Quoting Mitiblotch
{quote} Yea, it was violent. I was preaching that 2480 will be taken out before a rise. However, with thr rise I bought with a TP of 2617 but it was not to be. Came close and dumped. However, I am certain that the pseudo-equal highs at 2610 will be taken out at some point. The move is a bit strange. Why dump with a local high just a few pips away?
Yeah! I read all your analysis.

I placed the trade in anticipation that market has been ranging and at least a single move to the downside is required to complete EW 5...

It's just a risk reward stuff that is played to my side....

Recall that you won the challenge twice before now
Market Structure is the King.....
  • #849,748
  • Dec 30, 2024 9:57am Dec 30, 2024 9:57am
Knife catching ! Maybe seen the bottom now
Insane in the Brain..
  • #849,749
  • Dec 30, 2024 10:01am Dec 30, 2024 10:01am
Quoting BeeTogether
Knife catching ! Maybe seen the bottom now
Looks so , correct target may 2567 , anyway try test 2540, ; ok .today., signal 2518. , limit up 2nd signal 2523.watching
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #849,750
  • Edited 10:27am Dec 30, 2024 10:10am | Edited 10:27am
Quoting BeeTogether
Knife catching ! Maybe seen the bottom now
I read an analysis somewhere that suggests price will play between 2510 and 2600 until the major market movers return. Let's see. But now it appears 2485 is more likely to be taken out before a substantial rise.
  • #849,751
  • Dec 30, 2024 10:12am Dec 30, 2024 10:12am
Quoting fontu
{quote} Looks so , correct target may 2567 , anyway try test 2540, ; ok .today., signal 2518. , limit up 2nd signal 2523.watching
I’m thinking tomorrow will be a slow range day so not expecting a movement of any decent proportion. From GU maybe a move towards 2550 if that and GU 19750
Insane in the Brain..
  • #849,752
  • Dec 30, 2024 10:33am Dec 30, 2024 10:33am
Quoting Abeylyn
{quote}
Yeah! I read all your analysis. I placed the trade in anticipation that market has been ranging and at least a single move to the downside is required to complete EW 5... It's just a risk reward stuff that is played to my side.... Recall that you won the challenge twice before now
Can you show the EW 4; EW 3; EW 2; EW 1, on your chart?
  • #849,753
  • Dec 30, 2024 10:34am Dec 30, 2024 10:34am
Quoting dempire1
{quote} Soo what happened to position? Did you hit stop loss? Is your stop loss 20 pips from your entry or 20 pips above areas? Closed it with loss? A great example of salesmen and impersonating US hedge fund trader… Bro open Trading Explorer if you want to become signal provider. #savetheearth At this point it seems like whoever follows folks like you are dumber than you or non trading trolls To the bin with Chiko and T721 subscribers businesman Never too late...
Well check this out. How these clowns operate trying to create following with fake results and impersonating himself as a US hedge fund trader. He wrote on 27 december:

Appropriate time to Short GU. @ your R1.

Short and damn the consequences with just 20 pips Stop.

Time stamped.

with a picture added: without GU price btw and Ill explain why the muppet did it. At that time when he took the picture without showing GU current price he supposedly entered a short trade and calling a “live” signal. And mentioned a SL of 20 pips. Then I asked him in follow up post https://www.forexfactory.com/thread/...5#post15101025

Burger flipping liar didn’t answer and now he posts profits and entry price of 1.26011

When he posted the pic price was at around 1.25585 see screenshot and compare candlesticks if you don’t believe me.

How can you folks keep talking to these liars and scammers? Shame, shame shame. Anybody with half a brain can see through the BS these burger flipping muppets trying to run here

shame on you if you fall for their crap and waste time trying to learn trading… if you do you are lower than these s.

Hard to imagine anyone being lower iq than this guy and Chiko, T721 and other uber drivers.

Cheers!
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How to succeed in zero sum game?
  • #849,754
  • Dec 30, 2024 10:43am Dec 30, 2024 10:43am
Quoting Sammih
{quote} sl hit. buying again {image}
catching falling knives

bought again
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I'm high on trading, cant you tell?
  • #849,755
  • Dec 30, 2024 10:44am Dec 30, 2024 10:44am
Quoting Mitiblotch
{quote} I read an analysis somewhere that suggests price will play between 2510 and 2600 until the major market movers return. Let's see. But now it appears 2485 is more likely to be taken out before a substantial rise.
1.2485 may not be taken out. For now, it represents the current Support and until broken to downside, it still remains valid.

There is the need to be extra cautious here. And if it's able to hold as a Support, price may likely breakout of 1.26xx

We just have to be watchful.
Market Structure is the King.....
  • #849,756
  • Dec 30, 2024 10:48am Dec 30, 2024 10:48am
Quoting Baumgart
{quote} Can you show the EW 4; EW 3; EW 2; EW 1, on your chart?
Follow up on previous or subsequent count and see how mine is done....

Mine is not really the conventional count.
Market Structure is the King.....
  • #849,757
  • Dec 30, 2024 10:59am Dec 30, 2024 10:59am
Quoting Abeylyn
{quote} 1.2485 may not be taken out. For now, it represents the current Support and until broken to downside, it still remains valid. There is the need to be extra cautious here. And if it's able to hold as a Support, price may likely breakout of 1.26xx We just have to be watchful.
Price was NOT supposed to head up that high. 2485 isnt even a support anymore. You should be looking at 2439. Buying before 2485 for a huge up move is not smart trading. I was saying this for days but price went up and I indulged for a few pups of buy and it dumped on me. Lessons learnt never to go against my trading plan.
  • #849,758
  • Dec 30, 2024 11:01am Dec 30, 2024 11:01am
Quoting Abeylyn
{quote} Follow up on previous or subsequent count and see how mine is done.... Mine is not really the conventional count.
okay, thanks
  • #849,759
  • Edited 11:13am Dec 30, 2024 11:02am | Edited 11:13am
Quoting dempire1
{quote} Well check this out. How these clowns operate trying to create following with fake results and impersonating himself as a US hedge fund trader. He wrote on 27 december: Appropriate time to Short GU. @ your R1. Short and damn the consequences with just 20 pips Stop. Time stamped. with a picture added: without GU price btw and Ill explain why the muppet did it. At that time when he took the picture without showing GU current price he supposedly entered a short trade and calling a “live” signal. And mentioned...
I am not a Forex teacher.. Just here to learn.

Yes, I called out the signal to Sell @ 20 pips stop... The reason for calling out the Sell trade is still represented by structure on the chart..... clearly shows price blew out of the level..

When the call was made, Waveskie was around to caution and advice not being aggressive in making entry.. His contribution is key.. but u kept mute reading in silence.

Price actually blew out of triangular and inside white zone structure before these point... Soooo, what's the confusion here...

Before this signal, price has actually work with the triangular structure and also the inner structure during the last 5 weeks... Soo, whats wrong if similar pattern is called out as trading signal ? What's the big deal in taken a loss ?

Talking about someone running a learning forum, I will be looking forward to your tutorials so that we can actually emulate your footsteps and learn..
Market Structure is the King.....
  • #849,760
  • Dec 30, 2024 11:07am Dec 30, 2024 11:07am
Quoting Mitiblotch
{quote} Price was NOT supposed to head up that high. 2485 isnt even a support anymore. You should be looking at 2439. Buying before 2485 for a huge up move is not smart trading. I was saying this for days but price went up and I indulged for a few pups of buy and it dumped on me. Lessons learnt never to go against my trading plan.
Buddy, always a lesson to learn...

I will watch out at both level 1.2439/85 but will never allow price move against me from 1.2485.....so so important for me.
Market Structure is the King.....
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