I have the MIDAS touch today 24K USD and counting - charts with explanation later image

Cable Update (GBPUSD)

And there we have it , GBPUSD 4H correction via the 3 swings on H1 same as EURUSD with GPBUSD i had an earlier short @3082 but for some reason i changed my mind and closed. Managed an entry short on EURUSD AND NZDCAD image image

Cable Update (GBPUSD)

Nice rejection of 3108 on H1

Cable Update (GBPUSD)

Fair enough, but the next decision is not until the 18th of September, today we have CPI which could impact price, and i believe if markets are expecting a cut by the Fed then the institutions will be looking for a lower level to buy which ties in ...

Cable Update (GBPUSD)

GBPUSD We move into 4H for correction via the 3 swings on H1 , so now looking for an entry short , this one if right should be a better move than yesterday.

Cable Update (GBPUSD)

Still have to disagree, that move down was the last swing down in the overall swing, no sellers trapped here , got my profit not as much as i would of liked and price made a new low so a valid swing down. A trap occurs when price is making a ...

Cable Update (GBPUSD)

Ok that was not fun, as i said greed got me and ended up with 3k from 6k , still better than nothing

Cable Update (GBPUSD)

4pm GMT could be turn around time, London fix

Cable Update (GBPUSD)

Bear in mind what you are trading ,that is a very very minor impulse ( not impulse wave but a single impulse) that determines your t/p

Cable Update (GBPUSD)

Be careful taking trades opposing a strong move

Cable Update (GBPUSD)

Today MMs have pulled out the full flat correction arsenal you will have noticed a lot of pairs moving strongly in one direction after a correction in the opposing direction via expflats, irregular flats and regular flats.

Cable Update (GBPUSD)

No sell trap If you look at D1 we are in a correction , go to H4 and then H1 to see the full structure First wave down can be anything, 2nd wave up exp flat ( that is the long trap) third wave down an impulse wave so price is doing exactly what it ...

Cable Update (GBPUSD)

Now they are both motoring down, closed one of the GU trades and left one open, now you can see the tricks the mms play , one expflat and one irregular flat correction. 6k for the day , should really close but like i said greed is the enemy!!!! Will ...

Cable Update (GBPUSD)

Had to take two entries on GU but looks ok now, EU looks fine too 4k profit so far, far more than a days wages but greed will get me for sure!!! image image

Cable Update (GBPUSD)

EURUSD H1 more or less the same as GU , the three waves up but this time an irregular flat and started to trend down again for the short GU looks to be on the way down - break below 3078 to continue trending down image

Cable Update (GBPUSD)

Possible short on GBPUSD The last swing up looks very strong which is an indication of an impulse C in correction No entry short yet image

Cable Update (GBPUSD)

Finally some pips for the long side on gj,ej,aj, had to endure the pb which again was the expflat and if you look at H1 the move down was the impulse of an expanding flat, moved my stops below the H4 low and went to bed , should never trade ...

Cable Update (GBPUSD)

Im not shorting GJ, had another look and decided to stay long , along with eurjpy and audjpy, still holding short nzdusd and eurcad short

Cable Update (GBPUSD)

Not sure if this will go as high as i originally thought so close the trade , the short side may continue soon because it think we already had the expflat and then an impulse down so this up move might just be a retest of the prior breakdown

Cable Update (GBPUSD)

GBPUSD just completed a 5 wave impulse down on M15 after the prior upswing correction , should be going up for a while 3132 image

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