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Cable Update (GBPUSD)

  • #779,281
  • Oct 1, 2023 12:15pm Oct 1, 2023 12:15pm
Quoting KareemAliFx
My trading plan is to wait for eurusd to either touch 1.07000 area or 1.05000 area . Both are liquidity zones . Since the government spending bill was passed , Mr USD May still be the king
1.05000 area first
  • #779,282
  • Oct 1, 2023 12:58pm Oct 1, 2023 12:58pm
Quoting Zebi
{quote} well it happened with bipartisan help so the trumptards are shitting all over themselves LOL A move to oust Kevin McCarthy as House speaker could come as early as Monday, the Florida congressman Matt Gaetz said on Sunday, as Republican extremists plotted revenge for McCarthy’s bipartisan deal with Democrats to avoid a government shutdown. We need to rip off the Bandaid. We need to move on with new leadership that can be trustworthy,”...
Republicans are playing to their base in an election runup. Makes perfect sense.
  • #779,283
  • Oct 1, 2023 1:15pm Oct 1, 2023 1:15pm
Quoting Zebi
its football time... sundays are the biggest gambling days up till the superbowl so i just placed my bets and time to watch the stink emit from my chicago bears team i picked denver
And I pick the Bokke.....
average dude treading water
  • #779,284
  • Oct 1, 2023 1:55pm Oct 1, 2023 1:55pm
Quoting shakmoney
Who here thinks gu will hit 1.20 this week or next
Depends on whether there is a gap or not. By looking at Monthly Chart, price reacted to Support and Monthly Candle closed above that Support (MN S2).
Case for Bulls would be even better had Monthly Candle closed above MN S1 (1.23).

More Bullish than Bearish at the moment. If Support at 1.21 can held once again in October, this would be a great sign for Bulls. Price breaking below 1.21 would mean that price will first visit 1.19 and could very well continue all the way down, that would be Bearish.

We have to stay objective when looking at the charts, which is far from easy, because we all have our scenario which "should play out" in our heads.
  • #779,285
  • Oct 1, 2023 2:01pm Oct 1, 2023 2:01pm
Unfortunately... not many realized my sarcasm with the earlier post.. I'll stop writing sarcastic posts. People are more serious these days... not good.

I even wrote I'm like Gandalf... I thought that was funny as hell, but...

Seems to me people aren't doing that well anymore and are more and more serious day by day. I can see that already with some members. Hopefully, the wind starts blowin' your way!
  • #779,286
  • Oct 1, 2023 2:09pm Oct 1, 2023 2:09pm
Gold

Objectively Bearish

Weekly Candle closed below the Buy Zone and MN Candle closed below S1 and S2 in the same Month.

Subjectively, I'm still Long Gold and this will probably cost me soon.


Confidence about CHF/JPY Shorts I'm holding from 165 is falling. If USD/JPY can break 150, CHF/JPY Shorts will collapse. Then, another rally against Yen is coming on all Yen pairs.
  • #779,287
  • Oct 1, 2023 3:13pm Oct 1, 2023 3:13pm
It's time Frodo... farewell.
  • #779,288
  • Oct 1, 2023 3:30pm Oct 1, 2023 3:30pm
GBPUSD price action on the daily time frame was on a strong bearish run for several days. However, a bullish correction began on Thursday. But the bullish push lost steam on Friday, resulting in the printing of a doji-like candlestick. Technically, bears are favoured to resume the southward drive but as a medium-term swing trader, I will await a market engineering northward to an intra-day (e.g., H4 time frame) area of value before looking for a sell trading opportunity.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #779,289
  • Oct 1, 2023 4:03pm Oct 1, 2023 4:03pm
Drop
  • #779,290
  • Oct 1, 2023 4:23pm Oct 1, 2023 4:23pm
Quoting shakmoney
Drop
The budget deal negates any rise in the US$ that was predicated on the fear of a shutdown.
  • #779,291
  • Oct 1, 2023 5:25pm Oct 1, 2023 5:25pm
Quoting dantpm
{quote} The budget deal negates any rise in the US$ that was predicated on the fear of a shutdown.
it's dropping to 1.20
  • #779,292
  • Oct 1, 2023 5:38pm Oct 1, 2023 5:38pm
Quoting shakmoney
{quote} it's dropping to 1.20

Possible options:
-This is setting up a move in the other direction.
-There is something else at play.
-The market is simply moving against retail traders.
-Other
  • #779,293
  • Oct 1, 2023 5:57pm Oct 1, 2023 5:57pm
Quoting dantpm
{quote} Possible options: -This is setting up a move in the other direction. -There is something else at play. -The market is simply moving against retail traders. -Other
reply to me when it's at 1.20
  • #779,294
  • Oct 1, 2023 6:03pm Oct 1, 2023 6:03pm
Quoting eyefeelsix
{quote} Matching! --- #Closed All Market Order {image}

Instant Short for monday

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https://breakpullback.com
  • #779,295
  • Oct 1, 2023 7:19pm Oct 1, 2023 7:19pm
Attached Image (click to enlarge)
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yes yes yes
  • #779,296
  • Oct 1, 2023 7:41pm Oct 1, 2023 7:41pm
Quoting Moty
{image}
If the the price holds above 2150 by NYO, I can expect a good pullback.
Intraday only.
  • #779,297
  • Oct 1, 2023 8:52pm Oct 1, 2023 8:52pm
This is dropping to 1.20 this week or within this quarter
  • #779,298
  • Edited 9:43pm Oct 1, 2023 9:20pm | Edited 9:43pm
Checking pa, bear continues but 2175 tp not done yet. Anyway waiting for it , better breaks, bottoming and bounce over previous high, otherwise if bounce now up then hs may active for bottom play, no bounce easily above previous high, target need to change or new short to open fresh! ! Lets see. take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #779,299
  • Oct 1, 2023 10:36pm Oct 1, 2023 10:36pm
Don’t usually trade Sunday’s but saw a setup that I like on audusd targeting 0.63018
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Master your mind. Master Trading.
  • #779,300
  • Oct 2, 2023 12:54am Oct 2, 2023 12:54am
Quoting pipfarm
Regarding USDJPY On H1 there was one signal to short with the whole swing abc being corrective as H4 is in an upswing, after the H1 trade completed H4 has a continuation entry signal to go long. So no 2000 pip trade shorting a DT at the moment @ Jolita {image} {image}
And there it is a new high after the ABC ( from trade posted in prior post)


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Follow The Markets Structure - Patience and Discipline
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