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Cable Update (GBPUSD)

  • #634,321
  • Oct 28, 2021 8:14am Oct 28, 2021 8:14am
Quoting W0lfram
Bull's game above 1.3768. Maybe{image}
3775.. very important to pass it
next after 3785 and then only the last high 3830
  • #634,322
  • Oct 28, 2021 8:20am Oct 28, 2021 8:20am
Quoting palpite
sell - 1.3748 sl - 1.3760
try again

sell - 1.3764
Together we can be strongest
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  • #634,323
  • Oct 28, 2021 8:21am Oct 28, 2021 8:21am
Quoting mysterio
{quote} Perfect, EU should blow out that triple top to the upside now, getting us up to 1.38+ on GU {image}
Good analysis Euro on the way
  • #634,324
  • Oct 28, 2021 8:22am Oct 28, 2021 8:22am
This prior weekly hasn't the power to change the monthly ?
The monthly could have an upper wick but I'm doubting that even
the FED is highly likely going to disappoint Nov ,still in year range
Attached Image (click to enlarge)
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  • #634,325
  • Oct 28, 2021 8:22am Oct 28, 2021 8:22am
Quoting gatenio
{quote} 3775.. very important to pass it next after 3785 and then only the last high 3830
Gatenio.

I was wrong to focus the Upper Level QM, without realising the lower level QM need to filled up first for the news.

I was lucky, when Gambis highlight to me the lower level QM, and saw price was attacking the lower level QM, 10 mins before the news.

Giving me ample time to think and draw the level correctly and took the trade with minimum stop.


Next time, I must look both way to find trade set up, and never assume only single QM set up present at moment of time.


The chart below is the same set up as GU on the news

Attached Image (click to enlarge)
Click to Enlarge Name: QM 2.jpg Size: 77 KB
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  • #634,326
  • Oct 28, 2021 8:24am Oct 28, 2021 8:24am
Quoting Pat Chiko
{quote} That was solid strong QM. They really saved it for the news. With Unmitigated OB is there waiting for supply to fill up her order. QM rating 5, normally we can see QM rating 2 or 3, but this one is solid. Thanks Gambis. {image}
closed all?
  • #634,327
  • Oct 28, 2021 8:26am Oct 28, 2021 8:26am
Quoting BeeTogether
Time for a long hot Bath…. Today is a non starter for me

Congrat on your LONG.

Good call
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  • #634,328
  • Oct 28, 2021 8:26am Oct 28, 2021 8:26am
Huge resistance over 13765
Insane in the Brain..
  • #634,329
  • Edited 8:40am Oct 28, 2021 8:27am | Edited 8:40am
Quoting gatenio
{quote} closed all?
Partial.

Price may want to close the gap above. (FVG)

There's QM level on those FVG.

Is is stalling because price at BSZ ( Break Stop Zone).

Need more seller to fuel the buy order.

Current level doesn't have much liquidity, so I don't see any reason why price will go down ( unless manipulation , as they need to induce more seller to participate)

They are targeting the liquidity above ,yet to be tapped.


May see some manipulation after TP 1 area.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 046.jpg Size: 305 KB
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  • #634,330
  • Oct 28, 2021 8:30am Oct 28, 2021 8:30am
Quoting Pat Chiko
{quote} Partial. Price may want to close the gap above. (FVG) There's QM level on those FVG.
thanks god i closed my hedging before the news.

but im start to fill the bears pressure, they dont wanna let go.. i dont use to this kind of bears.
i going to give them last chance to shine.

m30 really behave like i want it too.. but i dont trust this TF, better 1h and it still not on the track, waiting.
Attached Image (click to enlarge)
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  • #634,331
  • Oct 28, 2021 8:38am Oct 28, 2021 8:38am
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #634,332
  • Oct 28, 2021 8:40am Oct 28, 2021 8:40am
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Click to Enlarge Name: Screenshot 2021-10-28 at 14.40.06.png Size: 271 KB
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  • #634,333
  • Oct 28, 2021 8:43am Oct 28, 2021 8:43am
Quoting Pat Chiko
{quote} GU As new candle are formed we can start to re analyse the price action. Timing is critical, and please -"stay ahead of the curve". But don't get it wrong by ending up finding yourself trying to predict the future PA rather than reading the PA/pattern then respond accordingly. Trade well and trade safe PAT {image}
BSZ?

I am adding definitions to the list as you answer:

PB = Pinbar
BEOB = Bearish Outside Bar
BUOB = Bullish Outside Bar
RM = Range Market
PPZ = Price Pivot Zone
PBT&CA = Price Breakthrough & Closed Above
PBT&CB = Price Breakthrough & Closed Below
D, W, M = Daily, Weekly, Monthly
LCS = Lowest Close Support
HCR = Highest Close Resistance
DCC = Daily Close Confirmation
FTB = First Time Back
SFP = Swing Failure Pattern
SRF = support resistance flip
RR = Rounded Retest
PAZ = Price Action Zone
QM = Quasimodo
FO = Fake Out
FTR = Failure To Return
FL = Flag limit
TT = Touch trade
SL = Stop Loss
TP = Target Profit
BE = Breakeven
BO = Breakout
RT = Retest
SSR = Significant Support & Resistance or Key Level
SBR = Support Becomes Resistance
RBS = Resistance becomes Support

Thanks Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #634,334
  • Oct 28, 2021 8:46am Oct 28, 2021 8:46am
Now I need an Oxygen cylinder, all shorts under water.
  • #634,335
  • Oct 28, 2021 8:49am Oct 28, 2021 8:49am
Quoting Pat Chiko
{quote} Partial. Price may want to close the gap above. (FVG) There's QM level on those FVG. Is is stalling because price at BSZ ( Break Stop Zone). Need more seller to fuel the buy order. Current level doesn't have much liquidity, so I don't see any reason why price will go down ( unless manipulation , as they need to induce more seller to participate) They are targeting the liquidity above ,yet to be tapped. May see some manipulation after TP 1 area. {image}

GU

TP1 as it is done.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 047.jpg Size: 254 KB
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  • #634,336
  • Oct 28, 2021 8:53am Oct 28, 2021 8:53am
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yes yes yes
  • #634,337
  • Oct 28, 2021 8:54am Oct 28, 2021 8:54am
Quoting TooSlow
{quote} BSZ? I am adding definitions to the list as you answer: PB = Pinbar BEOB = Bearish Outside Bar BUOB = Bullish Outside Bar RM = Range Market PPZ = Price Pivot Zone PBT&CA = Price Breakthrough & Closed Above PBT&CB = Price Breakthrough & Closed Below D, W, M = Daily, Weekly, Monthly LCS = Lowest Close Support HCR = Highest Close Resistance DCC = Daily Close Confirmation FTB = First Time Back SFP = Swing Failure Pattern SRF = support resistance flip RR = Rounded Retest PAZ = Price Action Zone QM = Quasimodo FO = Fake Out FTR = Failure To Return...

It is Break Strop Zone .

( Some time it is called BS zone, you know BS ?. Where they want to trap seller thinking price will turn around , when the are creating the BSZ to trap seller coming in later.)

Attached Image (click to enlarge)
Click to Enlarge Name: BSZ.jpg Size: 255 KB
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  • #634,338
  • Oct 28, 2021 8:56am Oct 28, 2021 8:56am
Fucking news... Man it was all my fault tho.. no sl.... Note taken.
be a thinker before being a reacter
  • #634,339
  • Oct 28, 2021 8:57am Oct 28, 2021 8:57am
Quoting Pat Chiko
{quote} It is Break Strop Zone . ( Some time it is called BS zone, you know BS ?. Where they want to trap seller thinking price will turn around , when the are creating the BSZ to trap seller coming in later.) {image}

That is why they called it BS zone.

See price pass tru, and trapped seller coming in late.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 048.jpg Size: 250 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #634,340
  • Oct 28, 2021 8:57am Oct 28, 2021 8:57am
Quoting W0lfram
Bull's game above 1.3768. Maybe{image}
Let the bulls/bears have fun, +53 is ok
Attached Image (click to enlarge)
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