Cable Update (GBPUSD)

GOLD

I copy you......

GOLD being a right dick, luckily my patience can outrun any market....

Seems like that happened.

Wonder if Leon will post his chart today, it's the only thing I look forward to at the end of the week...

Closed with +120 pips

Closing this trade 10p short of target for 52p. Holding my long GU and EU long trades into Monday.

your call on 1.3450 was spot on nice 1

last crazy bull failed allegedly today eurusd , still better play as per pa !!

GOLD

W is the GOAT.
still in absolute awe of your recent call on gold.

I jumped on that call without a second thought, and man, am I glad I did.
That wasn't just a good tip; it was a masterclass, REAL time no hindsight hocus pocus.
A call so on-point it didn't just stun a newbie like me—it left seasoned pros speechless.

Many know, you hold the title the "Best Trader Ever V10.2," but after this, I think we can all agree it's time for an official upgrade.
Your real time performance has been so consistently unbelievable that the title needs to evolve.


All jokes aside, what's just as impressive as the talent is the humility.
Even Karen, "hindsight" trade call are doubtful nowadays

W

First of all, Karen has added you to his ignore list, so she doesn’t see your posts anymore.

Secondly, she only shares his charts when they align with her current trades.
Given this negative situation, I doubt she’d want to expose her drawdown to others.

And let’s be honest—most of her ‘hindsight calls’ have gone bad.
You’ve probably noticed she stopped making real-time trade calls after her previous disasters.

Seems she finally learned her lesson: trolling others isn’t fun when her own mistakes bite back.

P/s im on her ignore list too, so she doesnt read it.......

Well thank you good sir... you king of the TE's, I shall amend my status with immediate effect..pity not everyone reads our posts...

Im currently practicing the art of making "Dorodango", helps takes the stresses out whilst trading...

holy crap...i didnt know that ...u sure its not u trumptards puttin a shine to dons shit that leaks out of his ears ?

Dude has taken scalping to another whole new level for a retail trader.

a close over 3450 today gona give me a buy signal so ill go long sunday night on a dip if makes one

Next week is fairly straightforward. DXY will dip to just below 97.00, I'll stay long risk until the DXY find support, then it's the dollar show straight into month end.

After the weekly retested and closed below the trendline, it will be interesting to see what happens in the light shade area above.

I missed the news about eu -Trump meeting. The markets might open with a big gap. Maybe EUUSD open at 1.18 level if the deal is made. And I have a trade open just at the right moment

...A classic 'pump and dump' week just closed. Here are some brief observations re the w/e closing state of things on this Gbpusd pairing;

* Price closes the week just above the now old Wkly Pivot, (which was @/around 3425.) Having opened the week just below it, price climbed above it early on Monday, and, barring the dip to Friday's 3402 lo, spent all week above it. It closes the week below the still current Mthly Pivot, (which is @/around 3625,) having spent all week there. It did however break the now old Wkly R2 to the upside on Weds, before the big drop down on Thurs and Fri. Price all week remained above Yrly R1, but is now again below the Yrly R1-R2 midpoint, (which is @/around 3540.)
* Price closes the week 25+ pips above it's 3402 lo, and 65pips or so pips above the previous wk's 3365 lo (current mthly lo,) but below that week's 3504 hi, and well below the 3588 wkly hi, and current mthly/yrly hi, which is 200 pips higher @ 3788.
* The Dly ascending t/line joining 2100 (current yrly lo) with 3365 (current mthly lo) was breached to the downside in the run-down to Fri's 3416 lo.
* 4 trading days to go till m/e with 85% of 6mth amr traveled. That t/f's candle is looking v. bearish right now, but anything can happen in the remaining 4 trading days of the mth. Based on the chances of achieving a 6th consecutive bullish-bodied candle over the last 20+ years on this instrument and t/f, a bearish close is however by far the greater probability of how it might close the month out.
* The < 13wk awr (87%) Wkly candle closes as a bullish-bodied inverted hammer and in so doing makes 3365 (current mthly lo) a fractal swing L now on this t/f, in it's still extant general uptrend. In the end the week gained very little on it's opening price.
* After Thurs's bearish-engulf thrust Dly candle that started @ the wk's 3588 hi, Fri's (101% of 30day adr) Dly candle was a bearish follow-thru on it, and again closed v.bearishly. The t/f is probably in consolidation mode right now?
* Price's Thurs/Fri strong bearishness has left the 4Hr t/f rangy-bearish more than anything, with no real trend visible on the t/f. It's last candle close of the week was a bullish piercing-pattern, ending a run of 9 straight bearish-bodied candles on this t/f, (a rare occurrence.)
* The 1Hr t/f is in a classic downtrend off Thur's/the week's 3588 hi, and/but has printed a double bottom @ Fri's 3416 lo.

EDIT: corrected a couple of typos and mistakes.

Wkly, Dly, then 4Hr, below.