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Cable Update (GBPUSD)

  • #776,661
  • Sep 20, 2023 6:51am Sep 20, 2023 6:51am
I just want to know one thing ---

Everybody talks abt market structure & it is clearly evident that GU is forming LH, LL on larger timeframes then y are still PPL bullish on GU.....on what basis, being newbie trader, i just want to understand the rationale behind it
  • #776,662
  • Sep 20, 2023 6:55am Sep 20, 2023 6:55am
Quoting cablekingdom
I just want to know one thing --- Everybody talks abt market structure & it is clearly evident that GU is forming LH, LL on larger timeframes then y are still PPL bullish on GU.....on what basis, being newbie trader, i just want to understand the rationale behind it
Catching the "low".
  • #776,663
  • Sep 20, 2023 6:58am Sep 20, 2023 6:58am
Boring pa
yes yes yes
  • #776,664
  • Edited 7:32am Sep 20, 2023 7:18am | Edited 7:32am
Quoting JoshLauder98
{quote} you not expecting this to go up anymore Zebi?
i didnt like the price action so i got out before the news last night

im long term bearish..i think GU gona fall to 1.1200 in the next year so this was a countertrend trade for me

if youre bullish just put a buy limit order at 2308 or lower for the obligatory spike down below that weekly low...ill wait for an hour or so after FED before i place my orders

price has reached my first booger line from a post i made last month LOL
Quoting Zebi
{quote} im surprised so many people got surprised today LOL...dont trust your shitbag brokers charts gentlemen ...i called it 23 hours ago LOL.. ..after price does the obligatory touch of that low from underneath it will keep falling i got ebven more bad news for the bools...weekly price is gona land on those red lines...may take months but will happen as certain as the boogers growing inside your noses and you heard it from zebi first {image} {image}
the second line i had was at the next swing low
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short trump and go long the deepstate
  • #776,665
  • Sep 20, 2023 7:20am Sep 20, 2023 7:20am
I will be surprised if the price today closes above 1.2400
  • #776,666
  • Sep 20, 2023 7:22am Sep 20, 2023 7:22am
Quoting randu
Sexy number long @ 1.2345 ..... lol
Slow GU..... closed !
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  • #776,667
  • Sep 20, 2023 7:32am Sep 20, 2023 7:32am
Quoting cablekingdom
I just want to know one thing --- Everybody talks abt market structure & it is clearly evident that GU is forming LH, LL on larger timeframes then y are still PPL bullish on GU.....on what basis, being newbie trader, i just want to understand the rationale behind it
Betting on the "overdone" selling, for one. Check momentum indicators to confirm.
"No trade is still a trade." - Peter Borish
  • #776,668
  • Sep 20, 2023 7:35am Sep 20, 2023 7:35am
Quoting cablekingdom
I just want to know one thing --- Everybody talks abt market structure & it is clearly evident that GU is forming LH, LL on larger timeframes then y are still PPL bullish on GU.....on what basis, being newbie trader, i just want to understand the rationale behind it
cablekingdom, if you are a day trader the best way -imo- is to use the prior day range, and follow the same setup constantly. I hope it helps to understand PA during the following day.
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Always trade your own plan...I don't provide trading signals.
  • #776,669
  • Sep 20, 2023 7:35am Sep 20, 2023 7:35am
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  • #776,670
  • Sep 20, 2023 7:40am Sep 20, 2023 7:40am
Quoting Zebi
{quote} i didnt like the price action so i got out before the news last night im long term bearish..i think GU gona fall to 1.1200 in the next year so this was a countertrend trade for me if youre bullish just put a buy limit order at 2308 or lower for the obligatory spike down below that weekly low...ill wait for an hour or so after FED before i place my orders price has reached my first booger line from a post i made last month LOL {quote} the second line i had was at the next swing low {image}
I’m hoping for it to breach 1.24250, not go down again
  • #776,671
  • Sep 20, 2023 7:41am Sep 20, 2023 7:41am
Quoting cablekingdom
I just want to know one thing --- Everybody talks abt market structure & it is clearly evident that GU is forming LH, LL on larger timeframes then y are still PPL bullish on GU.....on what basis, being newbie trader, i just want to understand the rationale behind it
Hi. It could be they are talking re their fundie analysis over whatsoever future time horizon. If technical, they may be referring to a specific t/f (s,) or the state of a specific indicator (s) on that t/f (s.) Unless they make it clear, it is hard to tell.

For me, technically, 1hr, 4hr and dly are in a 'general' downtrends, and wkly may be in an extended corrective stage of it's general uptrend. Wkly has now printed a L, LH, and what will be a LL when it forms fractally, so probably equally - it could be at the start of a new downtrend,? (this all per 3 candle fractal swing analysis.)

wkly below
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Trader with an Edge.
  • #776,672
  • Sep 20, 2023 7:41am Sep 20, 2023 7:41am
Quoting Zebi
{quote} i didnt like the price action so i got out before the news last night im long term bearish..i think GU gona fall to 1.1200 in the next year so this was a countertrend trade for me if youre bullish just put a buy limit order at 2308 or lower for the obligatory spike down below that weekly low...ill wait for an hour or so after FED before i place my orders price has reached my first booger line from a post i made last month LOL {quote} the second line i had was at the next swing low {image}
This the weekly chart no?
"No trade is still a trade." - Peter Borish
  • #776,673
  • Sep 20, 2023 7:44am Sep 20, 2023 7:44am
Quoting Lbrto
{quote} This the weekly chart no?
yes
short trump and go long the deepstate
  • #776,674
  • Sep 20, 2023 7:47am Sep 20, 2023 7:47am
Quoting JoshLauder98
{quote} I’m hoping for it to breach 1.24250, not go down again

it will spike both ways dont worry just place your orders dont try to click the mouse when price moves so fast
short trump and go long the deepstate
  • #776,675
  • Sep 20, 2023 7:48am Sep 20, 2023 7:48am
...LL (current dly/asian lo,) LH, and now a HL on 1hr now

1hr below
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Trader with an Edge.
  • #776,676
  • Sep 20, 2023 7:55am Sep 20, 2023 7:55am
Quoting navk
bought 2347 stop 2325
Done this account.

New one.
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Intraday only.
  • #776,677
  • Sep 20, 2023 7:56am Sep 20, 2023 7:56am
Crooky mf , where do you want to go ?
Gap still open
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yes yes yes
  • #776,678
  • Sep 20, 2023 7:57am Sep 20, 2023 7:57am
Quoting chess king
I will be surprised if the price today closes above 1.2400
I will be surprised if it closes below 1.24
  • #776,679
  • Sep 20, 2023 8:03am Sep 20, 2023 8:03am
Quoting Jolita
{quote} Hey! Nice seeing you here. Hope all is well . Also bought at 12340 for for a few. Edit Closed +20
I am always here. Just not always play GBP\USD.
Thank you to give me rest of pips.
  • #776,680
  • Sep 20, 2023 8:04am Sep 20, 2023 8:04am
Back, it's coming back, GBPUSD is coming back!!!
Evil Eyes OFF.
Secret to the Price Action is Liquidity.
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