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Cable Update (GBPUSD)

  • #777,941
  • Sep 25, 2023 10:58pm Sep 25, 2023 10:58pm
Quoting Georginson
{quote} Monday Tuesday Range is expected to have 90 - 130 pips, this means if price doesn't break 1.2180, we may see aggressive push to 1.2280 - 1.2300 today. Also noteworthy that dxy is already at double top for the year and GBPUSD has also attained expected 500+ pips for the month, with just 3 trade days left to end this quarter and current month, correction is very much possible.
On daily perspective, there was multiple times support at 2189.

If this breaks.. 2165 around to me.

But My opinion 2189 to hold.
Intraday only.
  • #777,942
  • Sep 25, 2023 11:10pm Sep 25, 2023 11:10pm
The reversal happens like this as I have seen in the past :

1) The previous day low/high breaks... then 4hr support/resistance forms.

or

2 ) In the NY session...price makes aggressive reversal to close above ( or below ) daily open of that particular day.

This is very good reversal


These are the two types of reversals.

If this does not happen..assume that trend continues.
Intraday only.
  • #777,943
  • Sep 25, 2023 11:20pm Sep 25, 2023 11:20pm
Quoting Georginson
{quote} Monday Tuesday Range is expected to have 90 - 130 pips, this means if price doesn't break 1.2180, we may see aggressive push to 1.2280 - 1.2300 today. Also noteworthy that dxy is already at double top for the year and GBPUSD has also attained expected 500+ pips for the month, with just 3 trade days left to end this quarter and current month, correction is very much possible.
would like to see a break of 1.2195 before london open. otherwise we may not get to 1.2180. I agree could easily have a reversal.
A convincing break below 1.2179 an we could go own a lot further an fast. ADR is 1.2125
Its all just one persons opinion
  • #777,944
  • Sep 25, 2023 11:25pm Sep 25, 2023 11:25pm
Bones indicated in his chart.

I have similar chart here.

1.2300 broke.

This is very important.

Expect 1.2300 to test before down trend to continue.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxDaily.png Size: 12 KB
Intraday only.
  • #777,945
  • Sep 25, 2023 11:48pm Sep 25, 2023 11:48pm
Quoting eyefeelsix
{quote} have taken buy for 4R, maybe Asian Session {image}

stopout re-entry #last chance against the trend 7R it's soo tempting

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 33 KB
https://breakpullback.com
  • #777,946
  • Sep 26, 2023 12:00am Sep 26, 2023 12:00am
Quoting dantpm
{quote} You mean this one? {file}
There is another book - Beyond candlestick by nison, it is volume 2.
We also have Volume price analysis by Anna couling - a greater book to read after nison's books.
More time in the market, does not mean you trade better!
  • #777,947
  • Sep 26, 2023 12:51am Sep 26, 2023 12:51am
Quoting Fardeen1209
{quote} There is another book - Beyond candlestick by nison, it is volume 2. We also have Volume price analysis by Anna couling - a greater book to read after nison's books.

I believe this is Beyond Candlestick by Nison.
Attached File(s)
File Type: zip pdfcoffee.com-beyond-candlesticks.zip   3.7 MB | 237 downloads
  • #777,948
  • Sep 26, 2023 12:56am Sep 26, 2023 12:56am
Quoting navk
Bones indicated in his chart. I have similar chart here. 1.2300 broke. This is very important. Expect 1.2300 to test before down trend to continue. {image}
morning Navk . Yes I think so not 100% but we play what we see 2312/20 area I have noted . Regards E
  • #777,949
  • Sep 26, 2023 1:07am Sep 26, 2023 1:07am
So, we are at 1.218* area now with any retracement. Next target can be 1.216*. Possible retracement can be 1.2228*.
Secret to the Price Action is Liquidity.
  • #777,950
  • Sep 26, 2023 1:08am Sep 26, 2023 1:08am
The supermarket mentality lose again.
"the market is oversold, price is a good bargain/discount, lets buy it"
"the market is overbought, price at a premium, lets sell it"

Meanwhile they were betting against structure "IN HOPE" of catching a reversal.

I also did that, lose lots of money, patience and energy.

Now I buy high, sell higher or Sell Low buy back Lower as long as Structure is not broken
More time in the market, does not mean you trade better!
  • #777,951
  • Sep 26, 2023 1:09am Sep 26, 2023 1:09am
Quoting eyefeelsix
{quote} stopout re-entry #last chance against the trend 7R it's soo tempting {image}

respect own decision, stop-out and get out!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 33 KB
https://breakpullback.com
  • #777,952
  • Sep 26, 2023 1:14am Sep 26, 2023 1:14am
Trying to reject here
  • #777,953
  • Sep 26, 2023 1:14am Sep 26, 2023 1:14am
Quoting JereMi256
{quote} Added @1.2208 {image}
Added 1.2187

One SL for all @1.2183
Face 'ur fears & tame 'ur greed
  • #777,954
  • Sep 26, 2023 1:16am Sep 26, 2023 1:16am
Quoting JereMi256
{quote} Added 1.2187 One SL for all @1.2183
Stopped out!
Face 'ur fears & tame 'ur greed
  • #777,955
  • Sep 26, 2023 1:17am Sep 26, 2023 1:17am
Buy Limit 1.21790
SL, Pending.
TP, 1.22834
Secret to the Price Action is Liquidity.
  • #777,956
  • Sep 26, 2023 1:19am Sep 26, 2023 1:19am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2068.png Size: 35 KB

State of play . Could get choppppy today yesterday had both big wins a losers but came out on top so it’s another days battle . Plan in place armour is on some of the trades . And our direction is short for now even thou you see buys
  • #777,957
  • Sep 26, 2023 1:23am Sep 26, 2023 1:23am
Any buys down here could be ok for today as cable won’t let you away with that big move
  • #777,958
  • Sep 26, 2023 1:23am Sep 26, 2023 1:23am
Quoting iusman23
Buy Limit 1.21790 SL, Pending. TP, 1.22834
I'm in. Might lower the TP. Analyzing the chart to find the lowest possible TP, I don't think it will retrace above 1.228 area.
Secret to the Price Action is Liquidity.
  • #777,959
  • Sep 26, 2023 1:24am Sep 26, 2023 1:24am
Looks like 1.2000 on the horizon (weekly fibs).
  • #777,960
  • Sep 26, 2023 1:27am Sep 26, 2023 1:27am
Long 1.2176
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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