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Cable Update (GBPUSD)

  • #860,361
  • May 23, 2025 12:32pm May 23, 2025 12:32pm
Quoting MrFanciful
{quote} About as useful as "Price can do whatever it wants" Which is nothing more than an obscurantist way of saying "Your guess is as good as mine".
yes, you're getting there...
  • #860,362
  • May 23, 2025 12:35pm May 23, 2025 12:35pm
[quote=Coreg2004;15255810]
Quoting Waveskierrob
{quote} Waveski, my guess is 150% because that's what the blind squirrel does (takes a victory lap) when it finds the nut.
In this case he's found two...
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  • #860,363
  • May 23, 2025 12:39pm May 23, 2025 12:39pm
Quoting Pat Chiko
{quote} CABLE {image} {image} Your mission, should you decide to accept it, is to find "C". As always, should you be caught posting hindsight or not transparent, FF gang will laugh at you all the way to the bank.
CABLE

Completed 3.
Next seeing for correction EW4
I hope the correction going to be a nasty one.......
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BTW, as my previous prediction, the above chart based on guessing only.
( Dont take it seriously)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #860,364
  • May 23, 2025 12:41pm May 23, 2025 12:41pm
Quoting Mitiblotch
The disappointing thing for me today was drawing that triangle last night, seeing it break up and not buying it till it was late. If you switch to the 1 hr or lower timeframes you'll see another funny triangle or diamond in its nascent stage. {image}
I stopped focusing on Triangles. Sometimes it works and sometimes bullshit adding more to existing probability nature of the market....
Market Structure is the King.....
  • #860,365
  • May 23, 2025 12:51pm May 23, 2025 12:51pm
Quoting Pat Chiko
{quote} CABLE Completed 3. Next seeing for correction EW4 I hope the correction going to be a nasty one....... {image} BTW, as my previous prediction, the above chart based on guessing only. ( Dont take it seriously)
CABLE

Anyway and BTW,
Looking into different dimension and delving deeper beyondi EW count

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #860,366
  • May 23, 2025 12:55pm May 23, 2025 12:55pm
[quote=Waveskierrob;15255818]
Quoting Coreg2004
{quote} In this case he's found two... {image}
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #860,367
  • May 23, 2025 12:55pm May 23, 2025 12:55pm
small loss big win
small win small loss

never big loss small win
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MY OPINION NOT FINANCIAL ADVISE
  • #860,368
  • May 23, 2025 1:42pm May 23, 2025 1:42pm
Quoting Abeylyn
{quote} I stopped focusing on Triangles. Sometimes it works and sometimes bullshit adding more to existing probability nature of the market....
There is a way to use triangles. First rule, high timeframe! Sometimes it fakes out. So if it's supposed to go up and breaks down then it's most likely false. Wait for it to break and close back in the triangle and then buy the hell out of it!
  • #860,369
  • May 23, 2025 1:57pm May 23, 2025 1:57pm
GU weak move at weekly mR2. Could be a drop before market close
  • #860,370
  • May 23, 2025 4:09pm May 23, 2025 4:09pm
W/e technical summary and analysis

A strongly bullish week overall, right from the getgo. Price closed the week out having made a new current mthly/yrly hi (3539,) above last week's 3360 hi (on the 2nd upside 4hr b/o of it,) and above it's Wkly R2, Mthly Pivot, and Yrly R1. In fact it just touched the Yrly R1/R2 midpoint @ the week's 3539/40 hi. Mthly R1 is @/around 3612. There are then 2 coexistent prev swing hi zones = pot res on the dly/wkly, then dly t/f's, (both from early 2022,) that extend up to 3644 then 3664 respectively, and the lowest one, (a 1st test on the higher one,) starts circa 3614, just above Mthly R1.

* Mthly This candle has yet to close but is so far looking bullish. 79% of the 6mth amr has been traveled this month so far.
* Wkly This t/f closes the week still in a general uptrend, and it's > 13wk awr candle (125%) close is a bullish thrust candle. There will be a 2nd consecutive HH on the t/f @ the week's hi or higher when it forms fractally, (after the 1st @ 3444.) As to exactly where depends on next week's wkly candle.
* Dly This t/f closes the week with a 2nd upside b/o ( first to 3464) of it's recent consolidation and still in a general uptrend. Like the wkly t/f, Fri's > 30day adr (130%) dly candle closes as a bullish thrust candle. There will be a HH @ fri's hi or higher when it forms fractally on this t/f after the H @ 3464. As to exactly where depends on Monday's candle on this t/f.
* 4Hr The t/f closes the week in a general uptrend after Fri's upside b/o of it's recent pennant pattern consolidation off the 3464 hi. It's last candle close was bullish-bodied.
* 1Hr Like 4Hr above, this t/f closes the week in a general uptrend, after the upside b/o of the recent Weds/Thurs ranginess on the t/f. It's last candle close was a small range bullish-bodied candle.

I hope everyone had a good trading week.

Wkly, Dly, and 4Hr below
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Trader with an Edge.
  • #860,371
  • May 23, 2025 5:58pm May 23, 2025 5:58pm
USD bulls tried last session but the bears won.

Probability wise, the odds of USD rebound are getting higher. What goes down must come up and vice versa.

Have a break and come back for next week.
  • #860,372
  • May 23, 2025 9:16pm May 23, 2025 9:16pm
Someone find this motherfucker
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  • #860,373
  • May 23, 2025 10:51pm May 23, 2025 10:51pm
Quoting Mitiblotch
{quote} There is a way to use triangles. First rule, high timeframe! Sometimes it fakes out. So if it's supposed to go up and breaks down then it's most likely false. Wait for it to break and close back in the triangle and then buy the hell out of it!
Thanks buddy.

Already concluded to stop learning new things that are really insignificant to my own process.

I will continue to be comfortable inasmuch as my profit is greater than loss.

This is a profession that there is always something to be learnt in each setup and my brain is now filled up to the extent that it can no longer accommodate.

Have a lovely weekend bro.
Market Structure is the King.....
  • #860,374
  • May 23, 2025 11:09pm May 23, 2025 11:09pm
Quoting Mitiblotch
The disappointing thing for me today was drawing that triangle last night, seeing it break up and not buying it till it was late. If you switch to the 1 hr or lower timeframes you'll see another funny triangle or diamond in its nascent stage. {image}
The disappointing thing for me is seeing you have no idea what you are talking about but still insist on posting rubbish in an attempt to show people you do know something. So much rubbish is posted on this thread, it presents me with a laugh everyday.

Here is a treat for all the laughs you have given me.

How to plot a triangle from breakout to target. (Oops I forgot no one can predict the market) Anyway here it is, and I have plotted two for you all by way of proof.

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Where A is the high.
B is the low following the high.
a is the height of the triangle.
  • #860,375
  • May 24, 2025 1:07am May 24, 2025 1:07am
Quoting Nala66
{quote} The disappointing thing for me is seeing you have no idea what you are talking about but still insist on posting rubbish in an attempt to show people you do know something. So much rubbish is posted on this thread, it presents me with a laugh everyday. Here is a treat for all the laughs you have given me. How to plot a triangle from breakout to target. (Oops I forgot no one can predict the market) Anyway here it is, and I have plotted two for you all by way of proof. {image} Where A is the high. B is the low following the high. a is the...
Take your idiocy elsewhere. You jump out of the bush and insult me and my post and then start drawing charts to teach me. You overestimate yourself, mate. I am profitable. Very profitable. I combine my trading with my work as a medic, hence I put up rough charts here. Kindly take your stupidity elsewhere. Go back to those new traders whom you and your ilk like to deceive with your charts and countless lines.

I still holding buys from 3338, which I posted yesterday. I only wanted to add upon break of my roughly-drawn triangle.

Any sane person can see your attempts at being seen to say something important. If my post didn't make any sense to you why not ignore and move on. And if you wanted to teach me something do you not have the decency to quote me respectfully. Every fool just comes online professing to know something, but in the end is foolish and undiscerning. You happen to be the worst of them all.
  • #860,376
  • May 24, 2025 1:25am May 24, 2025 1:25am
Quoting Mitiblotch
{quote} Take your idiocy elsewhere. You jump out of the bush and insult me and my post and then start drawing charts to teach me. You overestimate yourself, mate. I am profitable. Very profitable. I combine my trading with my work as a medic, hence I put up rough charts here. Kindly take your stupidity elsewhere. Go back to those new traders whom you and your ilk like to deceive with your charts and countless lines. I still holding buys from 3338, which I posted yesterday. I only wanted to add upon break of my roughly-drawn triangle. Any sane person...
his thread is dead, no traffic so he often come here and spread his bubble theory about markets he want be fameous but only thing that last is useless. Dont ruin your energy for this, is always the same shit. Cheers
People don't plan to lose. They lose because they don't plan.
  • #860,377
  • May 24, 2025 3:20am May 24, 2025 3:20am
[quote=Wavegarrick;15249598]
Quoting Wavegarrick
{quote} GU bulls are not letting up. We have the 20th to month end, and I suspect bulls will come to the fore. We are going into the 5th week of Gu consolidation just like the previous consolidation on the weekly time frame. Go Bulls. {image}
My target at 1.35425 as per my previous posts about to be achieved with 1.35500 on the cards. I will close my trade at 1.34139 currently at 120 pips in profit early Monday.
Have a great weekend
Cheers.
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Trade to trade another day
  • #860,378
  • May 24, 2025 3:47am May 24, 2025 3:47am
[quote=Wavegarrick;15256107]
Quoting Wavegarrick
{quote} My target at 1.35425 as per my previous posts about to be achieved with 1.35500 on the cards. I will close my trade at 1.34139 currently at 120 pips in profit early Monday. Have a great weekend Cheers. {image}
I can't predict the market but I always predict when folks will post....
  • #860,379
  • May 24, 2025 4:03am May 24, 2025 4:03am
Quoting Mitiblotch
{quote} Take your idiocy elsewhere. You jump out of the bush and insult me and my post and then start drawing charts to teach me. You overestimate yourself, mate. I am profitable. Very profitable. I combine my trading with my work as a medic, hence I put up rough charts here. Kindly take your stupidity elsewhere. Go back to those new traders whom you and your ilk like to deceive with your charts and countless lines. I still holding buys from 3338, which I posted yesterday. I only wanted to add upon break of my roughly-drawn triangle. Any sane person...
That is OK I am still having a laugh.
  • #860,380
  • May 24, 2025 4:36am May 24, 2025 4:36am
[quote=Waveskierrob;15256124]
Quoting Wavegarrick
{quote} I can't predict the market but I always predict when folks will post....
This is funny, I can't stop laughing
Market Structure is the King.....
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