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Cable Update (GBPUSD)

  • #627,441
  • Oct 1, 2021 2:56am Oct 1, 2021 2:56am
The GU still has some space down and DXY up so I reckon we havent seen the end of bears just yet

DXY same story, still some room up before major supply

Question is do we do some correction and retest first

We've seen this on cable before, exasperated bulls just yearning for a chance to go long then the market just keeps diving and diving so be cautious

Note i'm not too hot on the HTF stuff I just like to play in the m5 chart, not great at forecasting but OK at price action on the day

Watching 1.3480s for potential short
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  • #627,442
  • Oct 1, 2021 3:01am Oct 1, 2021 3:01am
that tails on M30 ( seller is strong to put that tail very much and more much longer below ) preparing a bad cut off down if price reverse
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,443
  • Oct 1, 2021 3:07am Oct 1, 2021 3:07am
Quoting kris89
that tails on M30 ( seller is strong to put that tail very much and more much longer below ) preparing a bad cut off down if price reverse
if price will fall, its not this area. Wait.
  • #627,444
  • Oct 1, 2021 3:08am Oct 1, 2021 3:08am
At the moment there is no clear direction!
Don't trade what you think. Just what you see!!!
  • #627,445
  • Oct 1, 2021 3:10am Oct 1, 2021 3:10am
Quoting gatenio
{quote} if price will fall, its not this area. Wait.
yes , imo YH is will be the place if going to fall . these area is whipsaw
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,446
  • Edited 3:25am Oct 1, 2021 3:12am | Edited 3:25am
G/M, good posts above this morning. Good to catch up after my hols. Back at it now. Dly if not per fractal swing analysis has probably entered a downtrend with a decisive downside break and clear of that thrice tested (@ 3572, 3602 and 3608) support zone to 3566...that 3566-circa 3610 area = potential sbr now has yet to be tested in this pullback off 3411. 4hr/1hr too in downtrends, although potential supp zone to that 3413 lo being a prev 1hr/4hr} x2/minor dly sw lo zone has now been tested and held as support.

1hr below.
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Trader with an Edge.
  • #627,447
  • Oct 1, 2021 3:18am Oct 1, 2021 3:18am
Quoting kris89
{quote} yes , imo YH is will be the place if going to fall . these area is whipsaw
idk about YH, very hard to tell.
price right now is confusing everyone.
  • #627,448
  • Oct 1, 2021 3:19am Oct 1, 2021 3:19am
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,449
  • Edited 3:32am Oct 1, 2021 3:20am | Edited 3:32am
Quoting gatenio
{quote} idk about YH, very hard to tell. price right now is confusing everyone.
its not confusing , its just slowmotion price and ranging >.<
if you pick more lowest TF , you can see a little bit clear up down scalp in ranging area


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Monster Teeth Pattern
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,450
  • Oct 1, 2021 3:22am Oct 1, 2021 3:22am
I believe that price is going to move big today. Might have to wait for some news to start the fire!!!
Don't trade what you think. Just what you see!!!
  • #627,451
  • Oct 1, 2021 3:25am Oct 1, 2021 3:25am
Quoting kris89
{image}
Bro we can only dream about that lol.
Insane in the Brain..
  • #627,452
  • Oct 1, 2021 3:29am Oct 1, 2021 3:29am
keep on predicting,,..

mourn or party later.. lol
Trade with prediction = witch with her visions lol
  • #627,453
  • Oct 1, 2021 3:30am Oct 1, 2021 3:30am
Quoting kris89
{image}
lets say all yesterdays move was 1-5 waves, and the drop abc

so maybe we have a and b correction after the big 5 waves down and we waiting for c

Lets do is more simple, again
yesterday was 1-5 waves, which is 1 big wave
The correction is 2.
and its look like complex 2, like bullish wolf pattern

maybe im just taking shit.
  • #627,454
  • Oct 1, 2021 3:31am Oct 1, 2021 3:31am
Quoting donfriday
{quote} waiting to add 2nd long {image}
What is the t/p???
  • #627,455
  • Oct 1, 2021 3:35am Oct 1, 2021 3:35am
Quoting dimitricss
keep on predicting,,.. mourn or party later.. lol
master of scalper haha XD , titi dije .
kita tak usa predik , ikuti aja arusnya haha
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,456
  • Oct 1, 2021 3:37am Oct 1, 2021 3:37am
Quoting kris89
{quote} master of scalper haha XD , titi dije . kita tak usa predik , ikuti aja arusnya haha
i choose party ... baminum kita jo
Trade with prediction = witch with her visions lol
  • #627,457
  • Oct 1, 2021 3:37am Oct 1, 2021 3:37am
...that 5/15min prev sw lo zone held when tested as support much like the prev 1hr sw lo zone to 3431 which held as support on a test @ today's current lo. 1hr downtrend in doubt.

Have re-appraised my 1hr potential supp/res chart, it is below.

5min then 1hr below.
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Trader with an Edge.
  • #627,458
  • Oct 1, 2021 3:38am Oct 1, 2021 3:38am
Quoting dimitricss
keep on predicting,,.. mourn or party later.. lol

do you trade with 100% hope of winning?
MY OPINION NOT FINANCIAL ADVISE
  • #627,459
  • Oct 1, 2021 3:39am Oct 1, 2021 3:39am
Quoting donfriday
{quote} waiting to add 2nd long {image}
Yeah...My target today for long is 1.352x.
  • #627,460
  • Oct 1, 2021 3:41am Oct 1, 2021 3:41am
Quoting gatenio
{quote} lets say all yesterdays move was 1-5 waves, and the drop abc so maybe we have a and b correction after the big 5 waves down and we waiting for c Lets do is more simple, again yesterday was 1-5 waves, which is 1 big wave The correction is 2. and its look like complex 2, like bullish wolf pattern maybe im just taking shit.
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just my bad sketch , but i do these with full of my heart
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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