Short GBPUSD on debt ceiling resolution rumour

FX:GBPUSD   British Pound / U.S. Dollar
161 17
This has driven an impulsive AB downleg in GBPUSD:

There should be followthrough, perhaps after an additional slight bounce. Target 1.59ish (depending on the bounce).
I marked this 'closed profit'; if someone had got in it could have been worth about 60 pips (for ~15 pips stop loss). But in fact I expected more of a bounce, and unless I'd set a limit order just right I think it would have been very difficult to get a fill. I'm going to suggest two more options for 'trade marking': 'closed flat' (ie no entry) and 'stopped out at entry'.
ForceFollower cryptoyoda
Now, this time you got me interested in it. Your story reads like one of those Tim Morge's articles. I can see the system has been working nicely from the first chart to the last one. Amazing!
cryptoyoda ForceFollower
I think I would have missed the entry; this is why RA mainly looks for entries at P & D; it was full steam ahead by the time it hit 'X'. In fact, expecting another bounce, I probably wouldn't have had a limit order set at X for fear of entering too early and getting stopped out.

Watching the tape was helpful too. I realised my broker had given me access to feed after this started. It's going to take a while to learn to do it well, but I *think* it might help with those problematic C pivots.

Missed it! :p
cryptoyoda cryptoyoda

'Inside' D target hit
cryptoyoda cryptoyoda

Another possible entry if it rebounds to faint green line.
cryptoyoda cryptoyoda
=1.59451, stop 1.5953 for RRR=3
cryptoyoda cryptoyoda

Maybe a 1.59114's possible if it breaks the little green CD midpoint convincingly.
cryptoyoda cryptoyoda

Heavy selling on the tape, going down i think.
cryptoyoda cryptoyoda

Yup. Lol
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