Cable Update (GBPUSD)

Quoting Coreg2004

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Please, if the good lord didn't bless you with enough brain to analyse the market structure, don't check other people's charts. It's useless for you. Always stick to your own plan. Before... {image} After...{image} After a new low was made, and the target @1.3364 was hit, here is a new"edited" chart.{image}

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Quoting Waveskierrob

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{quote} "Poetry in motion"...

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Quoting Coreg2004

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Please, if the good lord didn't bless you with enough brain to analyse the market structure, don't check other people's charts. It's useless for you. Always stick to your own plan. Before... {image} After...{image} After a new low was made, and the target @1.3364 was hit, here is a new"edited" chart.{image}

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Quoting Abeylyn

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{quote} From this chart, it's almost obvious that price is not prepared to penetrate the Support at Daily zone...... Need to prepare for more ranging and manage trade accordingly. What happens where AB=CD. Breakout/ Reversal or no one knows until price get there ? Just thinking market is becoming more and more AI driven and complicated for retail traders... Good day bro.

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Quoting Abeylyn

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{quote} From this chart, it's almost obvious that price is not prepared to penetrate the Support at Daily zone...... Need to prepare for more ranging and manage trade accordingly. What happens where AB=CD. Breakout/ Reversal or no one knows until price get there ? Just thinking market is becoming more and more AI driven and complicated for retail traders... Good day bro.

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Quoting Abeylyn

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{quote} From this chart, it's almost obvious that price is not prepared to penetrate the Support at Daily zone...... Need to prepare for more ranging and manage trade accordingly. What happens where AB=CD. Breakout/ Reversal or no one knows until price get there ? Just thinking market is becoming more and more AI driven and complicated for retail traders... Good day bro.

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Quoting Coreg2004

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{quote} Abeylyn, as long as humans are involved in writing algorithms, they are predictable. When computers start to learn on their own, we will adjust. The daily chart is the king, and the Dow theory. {image}

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Quoting Bflyfx

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{quote} don't need AI to confuse traders

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Quoting Abeylyn

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{quote} The point here is entry price are fixed and traders are required to Buy/Sell at entry. Shortage will lead to a drawdown. Again, price may likely revisit entry up to 2 or sometimes more before the final movement. AI are programmed to identify those prices and possibly repeat action. Speed of takeoff/impatience and other activities may force inexperience traders to take wrong decision. It's wrong for me to believe AI has not revolutionize our trading pattern..... No confusion in my statement...

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Quoting Godspromise

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{quote} my issue with gbpusd to jump in is the unavailable data from nfp the market is waiting precariously on something it normally uses to drive sentiments so i watching dxy failure to break above 98.069 if the week closes below it then likely buy are very much on but the nfp data has everything very much in limbo

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Quoting Coreg2004

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{quote} Godspromise, I agree with you. A lot of hesitation is seen on the daily GU chart. I've been posting the DXY chart in my thread. Currently, the DXY is trying to close above the outer trend line. If this happens, there is the possibility of BPC play (breakout, pullback, continuation; like we experienced with inner TL) {image}

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Quoting Godspromise

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{quote} just close above it and is pushing im wondering if i should just wait on nfp tomorrow because market movement is really all over the place to me being patient though

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Quoting MrFanciful

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Who would have thought that an interest rate cut and the government announcing that they can’t pay their bills or debts would have resulted in everyone going “Fuck me, I want some of that shit?”

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