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Cable Update (GBPUSD)

  • #851,701
  • Jan 25, 2025 12:33pm Jan 25, 2025 12:33pm
Quoting Wavegarrick
{quote} So far, I like, Cheers. {image}
Here is a late entry trades subject to heavy drawdown but this is okay since it represent your own process .
Market Structure is the King.....
  • #851,702
  • Jan 25, 2025 12:34pm Jan 25, 2025 12:34pm
Quoting Abeylyn
{quote} Wavegarrick, I didn't get your point. You mean, I don't post real live trades ? This is a surprise and least expected from someone I respected so much..... What is the essence of street credibility and so much criticism each time I tried to explain my own process ? I continued fighting here and there because of my strong passion to contribute and also learn from others. I was dropping daily GBP/USD Updates with follow up live trades... Even you, I demanded to know about your process.. All I got especially from you is that you no longer wish...
Leon is known for making sharp turns like a politician One day he is your buddy and another day he is your foe.
You have to have an IQ higher than 90 to interact with this user.
  • #851,703
  • Jan 25, 2025 1:27pm Jan 25, 2025 1:27pm
GU coming up towards the TL (again) and major weekly zone.
Must admit, didn't see this level of rise coming and handed back around 70% of profits made on the way down. Will see how it plays out.
At this point, I just don't see it break north of that zone.

$ in a megaphone pattern.
Drilling down to the daily, it's looking to retest (again), the wedge break out.


Considering the historical support zone on the monthly and GU analysis, I'm thinking it will bounce north once that 105.xx zone is retested, but PA will dictate this obviously.
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Compulsions can be hard to resist
  • #851,704
  • Jan 25, 2025 1:34pm Jan 25, 2025 1:34pm
Quoting Waveskierrob
{quote} Leon have you ever judged anyone on this thread......cheers
Waveski, allow me to bring Leon's the shark the post and you can judge for yourself.
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Here is another one.
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So now I post only in my thread.
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Always trade your own plan...I don't provide trading signals.
  • #851,705
  • Jan 25, 2025 1:35pm Jan 25, 2025 1:35pm
Quoting trumps
GU coming up towards the TL (again) and major weekly zone. Must admit, didn't see this level of rise coming and handed back around 70% of profits made on the way down. Will see how it plays out. At this point, I just don't see it break north of that zone. $ in a megaphone pattern. Drilling down to the daily, it's looking to retest (again), the wedge break out. Considering the historical support zone on the monthly and GU analysis, I'm thinking it will bounce north once that 105.xx zone is retested, but PA will dictate this obviously. {image} {image}...
GU found support at weekly zone which eventually led to aggressive bull run. We may be heading to 1.27xx

However, price has touched a temporary resistant zone and may likely pullback to 0.500 of last swing before continuity of the bull run.
Market Structure is the King.....
  • #851,706
  • Jan 25, 2025 1:42pm Jan 25, 2025 1:42pm
Quoting Coreg2004
{quote} Waveski, allow me to bring Leon's the shark the post and you can judge for yourself. {image} Here is another one. {image} So now I post only in my thread. 4885483{image}{image}
This is a clean and clear view of my analysis.

Nice one.
Market Structure is the King.....
  • #851,707
  • Jan 25, 2025 1:47pm Jan 25, 2025 1:47pm
Quoting Coreg2004
{quote} Waveski, allow me to bring Leon's the shark the post and you can judge for yourself. {image} Here is another one. {image} So now I post only in my thread.{image} {image}{image}
Well there it is in black and white, hence why he never answered my question, guilty as a puppy sitting next to a pile of puppy poo...
  • #851,708
  • Jan 25, 2025 1:49pm Jan 25, 2025 1:49pm
Quoting Abeylyn
{quote} GU found support at weekly zone which eventually led to aggressive bull run. We may be heading to 1.27xx However, price has touched a temporary resistant zone and may likely pullback to 0.500 of last swing before continuity of the bull run.
Trumps won't listen to you, you know trump and WaveGarrick are an item...
  • #851,709
  • Jan 25, 2025 1:50pm Jan 25, 2025 1:50pm
Quoting Abeylyn
{quote} This is a clean and clear view of my analysis. Nice one.
Abeylyn, don't allow anyone to chase you out of this thread. Be respectful like always and post your thoughts/analysis. That's what social media is all about.
Always trade your own plan...I don't provide trading signals.
  • #851,710
  • Jan 25, 2025 1:56pm Jan 25, 2025 1:56pm
Quoting Waveskierrob
{quote} Well there it is in black and white, hence why he never answered my question, guilty as a puppy sitting next to a pile of puppy poo...
Waveski, I've been waiting for the evidence I misled good people here with my analysis for almost 2 years and nothing. He is here for mud-throwing and desperately trying to stay relevant.
Always trade your own plan...I don't provide trading signals.
  • #851,711
  • Jan 25, 2025 1:57pm Jan 25, 2025 1:57pm
Quoting Abeylyn
{quote} GU found support at weekly zone which eventually led to aggressive bull run. We may be heading to 1.27xx However, price has touched a temporary resistant zone and may likely pullback to 0.500 of last swing before continuity of the bull run.
Hi Abeylyn,
Yep, I saw the daily and weekly support.
But I was also watching the monthly red zone.

I didn't really think it would travel this far because in my own observations, it is unusual for GU to retest significant TL's twice so quickly.

But anyway, waiting for the new weekly open to decide if I join longer term bulls, or stay with longer term bears.
Thx, got to go.
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Compulsions can be hard to resist
  • #851,712
  • Jan 25, 2025 2:13pm Jan 25, 2025 2:13pm
Quoting Coreg2004
{quote} Abeylyn, don't allow anyone to chase you out of this thread. Be respectful like always and post your thoughts/analysis. That's what social media is all about.
Thanks dear brotherly.
Market Structure is the King.....
  • #851,713
  • Jan 25, 2025 2:18pm Jan 25, 2025 2:18pm
Quoting Coreg2004
{quote} Waveski, I've been waiting for the evidence I misled good people here with my analysis for almost 2 years and nothing. He is here for mud-throwing and desperately trying to stay relevant.
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  • #851,714
  • Jan 25, 2025 2:27pm Jan 25, 2025 2:27pm
Quoting trumps
{quote} Hi Abeylyn, Yep, I saw the daily and weekly support. But I was also watching the monthly red zone. I didn't really think it would travel this far because in my own observations, it is unusual for GU to retest significant TL's twice so quickly. But anyway, waiting for the new weekly open to decide if I join longer term bulls, or stay with longer term bears. Thx, got to go. {image} {image} {image}
Bull or Bear requires Elliot wave count. Long term bear will be initiated at pullback to 0.500 level of the total length of the bearish trend... I have seen the zone marked on your chart. That spot will be the jackpot .... Longer term trade favours the bear.

However, space is still available for the bull run to fill.

Have a nice weekend bro
Market Structure is the King.....
  • #851,715
  • Jan 25, 2025 3:14pm Jan 25, 2025 3:14pm
Quoting Abeylyn
{quote} Bull or Bear requires Elliot wave count. Long term bear will be initiated at pullback to 0.500 level of the total length of the bearish trend... I have seen the zone marked on your chart. That spot will be the jackpot .... Longer term trade favours the bear. However, space is still available for the bull run to fill. Have a nice weekend bro
Cheers, Abeylyn. I don’t typically use MA’s, but the daily and weekly 55/200ema’s out of interest, support our case
Compulsions can be hard to resist
  • #851,716
  • Edited 9:51pm Jan 25, 2025 8:24pm | Edited 9:51pm
Quoting trumps
{quote} Cheers, Abeylyn. I don’t typically use MA’s, but the daily and weekly 55/200ema’s out of interest, support our case
I noticed over time here on FF that almost all strategy are fine. The only difference that seperates success is timing of Entry + response to drawdown. Tin line syndrome....

I uses SMA 80 and 100 including my friend Halbot... I tried to identify the direction of 4 hour trend which represent my dominant Intraday sentiment. Thereafter, identify daily and weekly Support resistant zone and mark on chart ..Just like Susha365

However, the passion is no longer there....

Sleep well and nice pipping week.
Market Structure is the King.....
  • #851,717
  • Edited 9:53pm Jan 25, 2025 8:53pm | Edited 9:53pm
Quoting trumps
{quote} Hi Abeylyn, Yep, I saw the daily and weekly support. But I was also watching the monthly red zone. I didn't really think it would travel this far because in my own observations, it is unusual for GU to retest significant TL's twice so quickly. But anyway, waiting for the new weekly open to decide if I join longer term bulls, or stay with longer term bears. Thx, got to go. {image} {image} {image}
Attached Image (click to enlarge)
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This is my daily chart. The daily trend is downward but 4 hour trend is up. Price has touched a resistant zone and requires a pullback into 4 hour trend ....

There is the need to breakout of the current resistant zone to the upside before price can move ahead to 1.2757/1.2810 zone classified as minimum level to ride the bear ( Jackpot)

Attached Image (click to enlarge)
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This is my 2 hour chart. We need a pullback to around 1.2378/98 before continuity in the Bull run.. Note that if price makes a new high inside the daily chart before pullback into 4 hour trend. There would be adjustment in my area of interest...... 1.2373/98 will be adjusted as it represent 0.500/618 of 4 hour trend.

It is almost certain that price will pullback into 4 hour trend before the current resistant zone can be broken to the upside due to market structure.

I see you have some of the structures on your chart...

I am not an expert in Dow theory but uses Fibonacci and count my wave according to my own understanding of market movement.

Nice pipping week to all friends and buddies.
Market Structure is the King.....
  • #851,718
  • Jan 25, 2025 9:28pm Jan 25, 2025 9:28pm
Quoting Wavegarrick
{quote} Abeylyn, "You are too active^ Moty is one of the few that post's real-life (live) trades. It is sickening that you and so many others judge his trades on the sideline, when you are sitting as spectators. I have identified your kind many years ago and man there is no place for you here. Do you really want to help traders, or do you want to make a name for yourself?????????????????? Cheers
Wave, don't get me wrong, I'm a fan of Moty's, love the guy and admire his persistence , but I think that he'd prosper if he'd slow it down a little. Mind you, I said that to Elon Musk too Btw, who do you trade with, I'm referencing That BTC trade. Cheers
  • #851,719
  • Jan 25, 2025 10:38pm Jan 25, 2025 10:38pm
Quoting Abeylyn
{quote} Here is a late entry trades subject to heavy drawdown but this is okay since it represent your own process .
Abeylyn you just torn Wavegarrick a new arsehole...
  • #851,720
  • Jan 26, 2025 12:13am Jan 26, 2025 12:13am
Quoting Wavegarrick
{quote} Abeylyn, "You are too active^ Moty is one of the few that post's real-life (live) trades. It is sickening that you and so many others judge his trades on the sideline, when you are sitting as spectators. I have identified your kind many years ago and man there is no place for you here. Do you really want to help traders, or do you want to make a name for yourself?????????????????? Cheers
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