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Cable Update (GBPUSD)

  • #852,321
  • Edited 10:43pm Jan 31, 2025 10:02pm | Edited 10:43pm
My take for next week: only for top and bottom reversals, not for mid-flip. Well, this time the pattern "might be" correct again. Possible Long GU.

Proof:
1st Pattern (has traded and gained both profit and loss), Image 2, 3, 4, 5
Additional USDCAD last night, kind of regret not letting the profit run. At first, I had set it to 70 pips, but then I changed it to 105 pips, Image 6, 7

Cheers and Lel
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #852,322
  • Edited 10:44pm Jan 31, 2025 10:25pm | Edited 10:44pm
Just checking pa to see what happening so far ! Monthly great breakout but rejecting violently at confirmation and printed a long bottom wick may correct 50% of it before bull try !
weekly printed big bull candle as early pullback .
& reacting pullback tl in correction last week but very weakly , so far not enough but likely try pullback to bear back even big weekly candle , no more option , may try further bull in the pullback still though After 1st or 2nd week this month .
Anyway next week can be bear as well small to big range possible ! Confirm 2376 to repeat test 1st confirmation 2292 breaks before try back !

Anyway trying to see what happened lately weekend causing huge unrest ! May Trump tariffs news have done !!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #852,323
  • Feb 1, 2025 2:09am Feb 1, 2025 2:09am
Quoting Bflyfx
pullback is coming...
I only follow traders with IQ above 160
Challenge Tour All Time Return: 3,678.4%
  • #852,324
  • Feb 1, 2025 4:02am Feb 1, 2025 4:02am
Quoting Zebi
a daily close above thurrsdays low gives me a buy signal..this past week looks more and more like a bull flag on daily chart since the stable genius is doing his best for a sneaky tax hike on Americans since that's what a tariff is and lower tax on his rich buddies the dollar gona fall into the crapper so ill wait to see how much shit he says over the weekend before I add to my long GU positions https://www.propublica.org/article/t...slash-benefits https://www.americanprogress.org/art...over-families/...
Trading with this much vitriol against a political figure will hurt your account. Just trade what you see and be happy. I respect your trading decision but take a look at it. You bought way up due to politics clouding your judgement. Eventually you will be correct but imagine the money you'd have made selling all this time?
  • #852,325
  • Feb 1, 2025 4:28am Feb 1, 2025 4:28am
Nice period for GBP. Don't get caught up in the BS efficient market its been for the last few days though. Wait for price to Contract, then Expand then go on alert again anticipating another trend phase ... probable LONG? (WK / D1 overall view of GBP directional bias)

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  • #852,326
  • Feb 1, 2025 5:21am Feb 1, 2025 5:21am
EURUSD and GBPUSD is bearish until spread is closed
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  • #852,327
  • Feb 1, 2025 5:39am Feb 1, 2025 5:39am
W/e analysis:

A $ flutter in the last hours of y/day's trading re the Reuters/U.s tariffs thing.

* Mthly closes as a hammer-esq candle. Although no fractal was created by it's close, the next one will be a fractal swing L below the last HL @ 2300-last yr's lo, and the candle close is the 4th bearish-bodied candle consecutively now on the t/f. 98% of the 6mth amr traveled during January.
* Wkly A false upside b/o of last wk's hi and all downhill from there really after a lot of mid-week ranging on t/f's below this one resulted in a bearish-bodied wkly close @ just 57% of the 13wk (1/4yr) awr. The wk opened above the Wkly Pivot and price closed near it but never bothered it during the week's price discovery. No real influence (yet?) re the previous wk's bullish multi-engulf thrust candle, and the t/f remains in an overall bearish state, if not a classic (so far) downtrend.
* Dly Fri's < 30day adr dly candle closed bearishly creating a LH @ 2476. The t/f closed the week out still in a weakened general downtrend.
* 4Hr This t/f probably closes the week still in a weakened general uptrend after a period of ranginess described above during the wk. It's last candle close (on gmt+2hrs price feed) was a big bearish multi-engulf x 6 thrust candle.
* 1Hr On this t/f there has been a 2nd downside b/o (both on Friday) of the recent 3+ day range bottom (on this and higher t/f's,) and it's last candle close was v.bearish.

Mthly, Wkly, Dly, 4Hr, 1Hr below;
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Trader with an Edge.
  • #852,328
  • Feb 1, 2025 9:11am Feb 1, 2025 9:11am
Quoting Mitiblotch
{quote} Trading with this much vitriol against a political figure will hurt your account. Just trade what you see and be happy. I respect your trading decision but take a look at it. You bought way up due to politics clouding your judgement. Eventually you will be correct but imagine the money you'd have made selling all this time?
I took time to study Zebi's trading strategy. It's important that no sane trader can be advised to trade what cannot be discern personally. He trades what he sees which sometimes comes with a deep drawdown. If his profits are greater than losses, it is still fine....

A little digression. While I am thinking of buying at the moment, you continued selling and made money throughout this week but for me I continued waiting for Stoploss to be hit.. Susha if online would have hold same opinion as mine.

You see, we hear different sound while we trade and what we hear determines our action.

It took time for me to realize I have been trading against liquidity sweep inside 8 hour chart.. Best advice for me is to have waited until touch of at least 1.23xx if not interested in selling.

But hopefully all will be well.

Have a nice weekend.
Market Structure is the King.....
  • #852,329
  • Feb 1, 2025 9:33am Feb 1, 2025 9:33am
Quoting Mitiblotch
{quote} Trading with this much vitriol against a political figure will hurt your account. Just trade what you see and be happy. I respect your trading decision but take a look at it. You bought way up due to politics clouding your judgement. Eventually you will be correct but imagine the money you'd have made selling all this time?

vitriol?

i thought I was being nice calling him a stable genius like he once called himself.

I'm in profit now cause I averaged down...I'm positioning myself for the longer-term that's why Im taking longs just off the daily chart and since I'm American and been conditioned to use low margin like in stock trading the drawdown doesn't scare me...even futures are maxxed around 50:1 leverage so we don't get screwed with 500:1 leverage like foreigners do

yes I was early shorting the dollar but its fall is inevitable like in all the other republican administrations

I wont unleash my vitriol until the 100 days honeymoon phase passes LOL
short trump and go long the deepstate
  • #852,330
  • Feb 1, 2025 10:03am Feb 1, 2025 10:03am
Quoting Abeylyn
{quote} I took time to study Zebi's trading strategy. It's important that no sane trader can be advised to trade what cannot be discern personally. He trades what he sees which sometimes comes with a deep drawdown. If his profits are greater than losses, it is still fine.... A little digression. While I am thinking of buying at the moment, you continued selling and made money throughout this week but for me I continued waiting for Stoploss to be hit.. Susha if online would have hold same opinion as mine. You see, we hear different sound while we...

occasionally there's some misunderstanding about trading on FF...the place is predominately scalping the 5 or 15 min charts so that's why I try to always say what timechart I'm using to enter which in this case is daily...plus there's rules Americans have to abide in trading which don't apply to foreigners like going long and short in the same account so if we bracket a level we have to use OCO orders cause we will just get closed if both orders trigger and then there's the leverage limitations which keep peoples worst tendencies in somewhat of a check LOL

usually older traders with retirement accounts are used to planning and holding for years while the teenagers trading now don't seem to be able to get beyond the 5 min scalps with almost instantaneous results. that's why even tho price has drifted down all last week the daily chart still bullish to reach its targets higher up because the "drop" hasn't even approached the FVG to use ICT parlance of the weekly candle just because something doesn't go one way immediately doesn't mean a person needs to change his analysis before things unfold
short trump and go long the deepstate
  • #852,331
  • Edited 10:34am Feb 1, 2025 10:15am | Edited 10:34am
Quoting Zebi
{quote} occasionally there's some misunderstanding about trading on FF...the place is predominately scalping the 5 or 15 min charts so that's why I try to always say what timechart I'm using to enter which in this case is daily...plus there's rules Americans have to abide in trading which don't apply to foreigners like going long and short in the same account so if we bracket a level we have to use OCO orders cause we will just get closed if both orders trigger and then there's the leverage limitations which keep peoples worst tendencies in somewhat...

so that's why I don't pay attention to people who brag about size since its all relative....

a person opening a .01 lot trade on a 100 dollar account with 500:1 leverage is at bigger risk of losing than someone in America that opens a .1 lot with a 1000 dollar account and only 50:1 leverage.

In the United States, forex brokers are limited to a maximum leverage of 50:1 for major currency pairs and 20:1 for minor currency pairs. These restrictions are in place to protect traders and reduce risk.

so that's why I always say there's meaning lost in translation on forexfactory and leads to misunderstandings and fights LOL...because of language and trading regulations issues


even prop firms are different...topstep only lets one trade 5 eminis on a 50k account while other futures props will let you open 20 eminis on a 50k account since props arent regulated more people lose their challenge money with the second firm
short trump and go long the deepstate
  • #852,332
  • Feb 1, 2025 10:44am Feb 1, 2025 10:44am
Quoting Zebi
{quote} so that's why I don't pay attention to people who brag about size since its all relative.... a person opening a .01 lot trade on a 100 dollar account with 500:1 leverage is at bigger risk of losing than someone in America that opens a .1 lot with a 1000 dollar account and only 50:1 leverage. In the United States, forex brokers are limited to a maximum leverage of 50:1 for major currency pairs and 20:1 for minor currency pairs. These restrictions are in place to protect traders and reduce risk. so that's why I always say there's meaning lost...

so don't anyone get jealous of guys that post 5, 10 or even 20 lot sizes since they're full of shit because they're using 500:1 leverage or possibly a 1000:1 I seen some brokers offering so they can have 200 real dollar account or some prop one and pretend their bigshots in FF
short trump and go long the deepstate
  • #852,333
  • Feb 1, 2025 11:11am Feb 1, 2025 11:11am
Quoting Zebi
{quote} so don't anyone get jealous of guys that post 5, 10 or even 20 lot sizes since they're full of shit because they're using 500:1 leverage or possibly a 1000:1 I seen some brokers offering so they can have 200 real dollar account or some prop one and pretend their bigshots in FF

theres a couple on here offering 2000:1 leverage LOL

the sad thing is the only ones signing up for those will be poor kids from 3rd world countries using their last 50 or 100 dollars to strike it rich with that kind of leverage....that's sad really that brokers like that exist

https://sashares.co.za/high-leverage...ers/#gs.jkaeoo
short trump and go long the deepstate
  • #852,334
  • Feb 1, 2025 11:17am Feb 1, 2025 11:17am
Quoting Zebi
{quote} so don't anyone get jealous of guys that post 5, 10 or even 20 lot sizes since they're full of shit because they're using 500:1 leverage or possibly a 1000:1 I seen some brokers offering so they can have 200 real dollar account or some prop one and pretend their bigshots in FF
I really felt encouraged when you not to get jealous of 5,10 lot size posts... Thank you. But i'm confused about some'n... The dxy is obviously bullish and uk economy isn't in good shape, why are you going long?
Consistency isn't Glamorous But That's How Legends are Made
  • #852,335
  • Feb 1, 2025 12:13pm Feb 1, 2025 12:13pm
Quoting JeremiaDa
{quote} I really felt encouraged when you not to get jealous of 5,10 lot size posts... Thank you. But i'm confused about some'n... The dxy is obviously bullish and uk economy isn't in good shape, why are you going long?

the top chart is one I made 4 years a go when biden won...i was arguing with truptards in a stock chatroom on IRC who kept saying the dems will kill the dollar
the second is an update and the third is a more professional chart I found on the internet

the thing is conservative and reactionary politicians and policies always make the countries currency fall..so a fascist one like Americans just voted in will cause the dollar to fall even more ... cons always want to cut taxes which causes deficits...clinton raised taxes a little bit and the dollar went up all 8 years of his presidency because he had a budget surplus and a strong economy so even when the fed cut rates a couple times the dollar still went up LOL

Quoting Zebi
{quote} NO..just left some skidmarks on my skivvys this was partly a fundamental trade using the republican winners killing the dollar so I was in early...next time ill wait till inauguration to buy or short dollars LOL the dollar gona reach that shade area that's the long term support level {image}
Quoting Zebi
heres the monthly dollar chart of that shaded area I expect the dollar to fall thru that support now...maybe not on its first attempt and will do the obligatory bounce but will fall thru in the next 4 years....hell.prolly by Christmas LOL {image}
I trade euro and GBp using just the dollar chart since its the baddest mfer that rules the world so even if UK isn't in good shape the USA will soon be worse LOL
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short trump and go long the deepstate
  • #852,336
  • Feb 1, 2025 12:34pm Feb 1, 2025 12:34pm
Quoting JeremiaDa
{quote} I really felt encouraged when you not to get jealous of 5,10 lot size posts... Thank you. But i'm confused about some'n... The dxy is obviously bullish and uk economy isn't in good shape, why are you going long?
every currency falls with conservative governments

here's some examples I posted when I was fighting with halbot last year ...where is he by the way?

hal.. i cured my TDS and I changed my signature so come back

Quoting Zebi
{quote} HAL..you've had a stick up your ass ever since I said liberals are good for the countries currency....i posted the dollar chart that I made 4 years ago when other conservatives talked crap that biden will kill the dollar look where its at now and at its high then you had a bigger conniption fit when I discredited your nonsense about margret thatcher and the rest of the tories that took england from a world player to a joke when I talk shit I back it up with charts ...why don't you try it sometime LOL...instead of talking out of your...
Quoting Zebi
here i marked with arrows the conservative governments you elected and see what damage they did to your currency and standard of living ...you like blaming the current liberal government but they saving the aussie from oblivion cause us yanks and me especially would love to short your dollar till its worth 10 cents LOL so remember if youre gona talk shit post some charts proving your point like i do otherwise STFU cause youre an annoying twit your aussie chart is self explanatory...i hope you elect another braindead conservative govenment so we...
its always good to do ones own research especially when the majority is bullish something like it is the dollar right now

I'm a contrarian trader that goes against the majority which makes me a reversal picker I guess cause I'm pretty much always the first to switch direction

if your a technical trader than read the chat a few days before and after GU market turns...you'll see certain individuals always wrong at those times because they're trend traders and get abused when the market changes.... if you do this exercise you'll see what TA fails at these critical junctures and then you can stay away from it
short trump and go long the deepstate
  • #852,337
  • Feb 1, 2025 12:37pm Feb 1, 2025 12:37pm
Thanks for the information...thats so much insight, I'll be watching out from now on.
Consistency isn't Glamorous But That's How Legends are Made
  • #852,338
  • Feb 1, 2025 12:41pm Feb 1, 2025 12:41pm
Quoting JeremiaDa
Thanks for the information...thats so much insight, I'll be watching out from now on.

the tariffs our stable genius is trying to enact will raise prices on Americans since tariffs are a sneaky sales tax hike so USA's spending economy will suffer and cause a recession instead of inflation like everyone is saying
short trump and go long the deepstate
  • #852,339
  • Feb 1, 2025 12:44pm Feb 1, 2025 12:44pm
Quoting Zebi
{quote} the tariffs our stable genius is trying to enact will raise prices on Americans since tariffs are a sneaky sales tax hike so USA's spending economy will suffer and cause a recession instead of inflation like everyone is saying
well i did'nt see that coming and it's true... Thanks again zebi
Consistency isn't Glamorous But That's How Legends are Made
  • #852,340
  • Feb 1, 2025 12:50pm Feb 1, 2025 12:50pm
Quoting JeremiaDa
Thanks for the information...thats so much insight, I'll be watching out from now on.

read the chat a few days around market turns off the daily and weekly charts and you'll see which people and their TA is lacking

you can start off with October 2023 ...

you got to put in some homework jeremia
short trump and go long the deepstate
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