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Cable Update (GBPUSD)

  • #853,341
  • Feb 7, 2025 4:26am Feb 7, 2025 4:26am
61% fibo plus bullish break of TL?
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trading is like dancing, don't think and just listen to the music!
  • #853,342
  • Feb 7, 2025 4:31am Feb 7, 2025 4:31am
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  • #853,343
  • Feb 7, 2025 4:47am Feb 7, 2025 4:47am
GJ up move slowing down maybe a breather until NFP
Insane in the Brain..
  • #853,344
  • Feb 7, 2025 4:53am Feb 7, 2025 4:53am
GJ

Set up for SHORT Scalping.

N3 will be on rejection on fib with RSF zone.
Waititng to "Enter the Dragon"

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #853,345
  • Edited 5:12am Feb 7, 2025 4:59am | Edited 5:12am
...price testing deeper into the 4hr part of a prev 1hr/minor 4hr sw hi zone = pot rbs.

This after an almost perfect 12345 pattern on 5min (not to be confused with Exp Tri patterns that I have posted here too.) This pattern is when price comes off a hi (Pt.1,) which should be the highest point, makes a HL (Pt.2,) makes a LH (Pt.3,) then makes a L (Pt.4) and then should make a H above Point 2, (Pt.5) but below Point 1. This Pt.5 almost did, - so not perfect, but you get the idea. Of course vice versa for a bullish example. The pattern gives you a 2nd chance to get short or long off a pot res/sbr -or- pot supp/rbs zone respectively. You can see a perfect eg of the pattern and Pt.5 entry short on the 4hr chart below @ Thurs's hi last week, last wk's 2524 hi being Pt.1.

EDIT: added the 12345 pattern eg.

4hr then 5min below
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Trader with an Edge.
  • #853,346
  • Feb 7, 2025 5:14am Feb 7, 2025 5:14am
Quoting JeremiaDa
{quote} wait! Wait for a rejection or a violation of that imbalance...in order to achieve a tight sl and good rr but up to me i'd me more interested in a short.
Cool
  • #853,347
  • Feb 7, 2025 5:18am Feb 7, 2025 5:18am
...updated

1hr below
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Trader with an Edge.
  • #853,348
  • Feb 7, 2025 5:19am Feb 7, 2025 5:19am
A dip into Volume price analysis
GLD SPDR (GOLD ETF)
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The day before matched with high Vol with a bearish candle.
But yesterday, bullish candle with lower vol. Is it bullish continuation or ready to reverse?
Any pro candlestick trader, any view??
MY structure and wave said this week at least $271 can be seen
More time in the market, does not mean you trade better!
  • #853,349
  • Edited 5:55am Feb 7, 2025 5:34am | Edited 5:55am
Quoting 7154Superman
{quote} Take note, I have a $200 account, not a $100k account. And my system only needs a win rate of just a little over 50% for you to compound like I'm talking about. Why aim for 6% per month when I can aim for 150-200% per month and achieve it? It doesn't make a difference whether your account is $200 or $100k, the compounding math and risk is exactly the same. The thing is though, at a certain point like when your trade size reaches a few million dollars, Forex brokers will reduce your leverage because they cannot infinitely cover a growing...
Hi, Superman

Since gains and losses have reciprocal relationship 1.05*(1 - 0.04761) = 1
Your system can be simplified to 1:1 with 0.5(?) probability of win.

I.e. unless the probability of win is >0.5, then you will remain with your initial capital, after name_the_number of trades (on average)
You can expect to end a year with ~$70-130, $300 with tremendous amount of luck (0.1%)

Are you sure the price will constantly hit your TP level sooner than SL?
Air force
  • #853,350
  • Feb 7, 2025 6:22am Feb 7, 2025 6:22am
Quoting Pat Chiko
GJ Set up for SHORT Scalping. N3 will be on rejection on fib with RSF zone. Waititng to "Enter the Dragon" {image}

GJ
( Enter the Dragon)

This is not trading signal, only my guessing.
Depending on luck

Revised set up from the previous post.
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The dragon need bigger correcktion
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #853,351
  • Feb 7, 2025 6:36am Feb 7, 2025 6:36am
Quoting Pat Chiko
{quote} CABLE One for the road becomes TWO for the road. SHORT scalping continue. {image} {image}
CABLE

NFP drops in less than an hours—expecting some crazy spikes both ways.
Closing some to keep risk low, leaving a few just to see how it goes.

Closed position with, mixed results (win some, lose some).

Gotta keep a few running for that NFP adrenaline rush!
Let’s see what happens.
Spin the wheel please.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #853,352
  • Feb 7, 2025 6:42am Feb 7, 2025 6:42am
Quoting Pat Chiko
{quote} GJ ( Enter the Dragon) This is not trading signal, only my guessing. Depending on luck Revised set up from the previous post.{image} The dragon need bigger correcktion

GJ

Quick SHORT Scalp
I hope got luck
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #853,353
  • Feb 7, 2025 6:43am Feb 7, 2025 6:43am
Quoting Fardeen1209
A dip into Volume price analysis GLD SPDR (GOLD ETF) {image} The day before matched with high Vol with a bearish candle. But yesterday, bullish candle with lower vol. Is it bullish continuation or ready to reverse? Any pro candlestick trader, any view?? MY structure and wave said this week at least $271 can be seen
im not an expert Im holding shorts
People don't plan to lose. They lose because they don't plan.
  • #853,354
  • Feb 7, 2025 6:44am Feb 7, 2025 6:44am
Quoting Pat Chiko
{quote} GJ Quick SHORT Scalp I hope got luck{image}
189 looking vulnerable.. so defo could be. We got stuck in the mid 189s earlier with no further breakout. Maybe some liquidity for a move higher ?
Insane in the Brain..
  • #853,355
  • Feb 7, 2025 6:55am Feb 7, 2025 6:55am
Quoting Pat Chiko
{quote} GJ Quick SHORT Scalp I hope got luck{image}
Quoting BeeTogether
{quote} 189 looking vulnerable.. so defo could be. We got stuck in the mid 189s earlier with no further breakout. Maybe some liquidity for a move higher ?
GJ

It look like that, wanting to do bigger correkction. as ABC

But sine the trend is heavy down moves.
It may want to trap buyer into the wrong side of the trade.

I play is safe and keep watchfull eyes on danger zone.
After all, it is DRAGON.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #853,356
  • Feb 7, 2025 7:06am Feb 7, 2025 7:06am
NFP Stage Set for Another Strong Jobs Report (and USD Sally)

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NFP report expectations: +169K jobs, +0.3% m/m earnings, unemployment at 4.1%
Leading indicators point to a potentially above-expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 175-225K range.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #853,357
  • Feb 7, 2025 7:08am Feb 7, 2025 7:08am
Uncertain situation ! Do it now or bo for previous bottom/ pullback 2430 that amounts to near top failure ! Watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #853,358
  • Feb 7, 2025 7:15am Feb 7, 2025 7:15am
Quoting ScalaFX
{quote} im not an expert Im holding shorts
Could be, with the way the last H1 candle close as red, but without breaking LTF structure
2852 is the place i wanna see if it holds or break.
IF break we have the possibility for price to reverse down.

May be on weekend will see what next for US CPI, cause last time i open library, it said, inf is about to tick up,
Even UK cpi is said to tick up to 2.8%, i guess.

Next support become 2788, retest of previous swing high with intact H1 upward structure.

Win or lose, money is already made early this week.(got the money for food, club entrance and getting laid)
Now just looking at the reaction of NFP, then off to party to clear my head with no money for weed, if NFP reaction is bullish for dollar.
More time in the market, does not mean you trade better!
  • #853,359
  • Feb 7, 2025 7:15am Feb 7, 2025 7:15am
Quoting Waveskierrob
{quote} You know the way you think you know where the market is going, well it's the same as you think you know the way I trade...so let's here your definition on hedging and averaging....this should be fun... ps you can hedge in the US it's just that you havnt got the bus fare to work it out yet...
ill answer later on in the day since NFP about to announce
short trump and go long the deepstate
  • #853,360
  • Feb 7, 2025 7:19am Feb 7, 2025 7:19am
Trying to catch a drop in dow
History says it suppose to fall
For 200 $
Is possible that they will squeeze up before
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yes yes yes
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