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Cable Update (GBPUSD)

  • #785,561
  • Oct 24, 2023 9:08am Oct 24, 2023 9:08am
Quoting Whale
{quote} it? It not talk.
I may scalp long based on 1 min chart...but again the 1 min chart should tell me to long.
I do not see any hourly support until now.

+

I do not see yet consolidation.

+

I do not see 1 min momentum long.

= No trade
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Intraday only.
  • #785,562
  • Oct 24, 2023 9:08am Oct 24, 2023 9:08am
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2 left to go
  • #785,563
  • Oct 24, 2023 9:12am Oct 24, 2023 9:12am
Quoting elbert3
{image}2 left to go
yesterday it was 2750
  • #785,564
  • Oct 24, 2023 9:13am Oct 24, 2023 9:13am
Quoting elbert3
{quote} 2145
elbert, I wait for 3-5M chart to show me the potential reversal...5th wave seems to be extended and still in the zone.
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Always trade your own plan...I don't provide trading signals.
  • #785,565
  • Oct 24, 2023 9:14am Oct 24, 2023 9:14am
...the bears made light work of a lot of the potential rbs on 4hr, the current dly lo coming @ a prev 1hr/4hr sw hi zone = prev res = pot rbs, and top of that previous 4hr descending equidistant channel (s) that was breached to the upside in y/day's and today's move up to today's Dly R1/Wkly R2. Dly S1 breached at the current Dly lo. 134% 30day adr traveled so far today.

4hr then 1hr, below
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Trader with an Edge.
  • #785,566
  • Oct 24, 2023 9:15am Oct 24, 2023 9:15am
30m and lower is down.
1h up
4h between jobs
daily down.

now wait for 4h align with LTF

guess will leave you with 1h post long and green week, 1h after calling for short.
  • #785,567
  • Oct 24, 2023 9:21am Oct 24, 2023 9:21am
Usually news drag my stop. This is the first time news do me good. It drag my tp for additional 8 pips while i was away.
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Don't mind me.. i'm crazy
  • #785,568
  • Oct 24, 2023 9:21am Oct 24, 2023 9:21am
Gbpusd long, short at 1.22
  • #785,569
  • Oct 24, 2023 9:29am Oct 24, 2023 9:29am
2 losing trades 7 and 8 pipps loss
Now come the profit that will make it up
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yes yes yes
  • #785,570
  • Oct 24, 2023 9:32am Oct 24, 2023 9:32am
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Watching 5 min rule . But TL above could be 15 pip and short off the line
  • #785,571
  • Oct 24, 2023 9:32am Oct 24, 2023 9:32am
There is now consolidation... above 2170
Intraday only.
  • #785,572
  • Oct 24, 2023 9:33am Oct 24, 2023 9:33am
200 ema band
At the hourly chart it's support
At h4 chart it's resistance
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yes yes yes
  • #785,573
  • Oct 24, 2023 9:45am Oct 24, 2023 9:45am
Quoting JackintheBox
Anybody also cunfused about PA today? The retraces and moves are very uncommon. I was quite big in a loss (5-6 day avg. earn), now -1 avg. day left and position cleaned. Huge moves are complete out of balance to small moves. Not since today. Since 3 days around. Curious how that plays out in the end. Lots of you should earn good money last 3 days, am I right? Btw: 2 x avg. position long now at 1.2172. Finally good hit (at least it looks good now).
Again +/-0 for today, could trade my out of the minus. Now long again 1.2174 and 1.2168. Sellers don't stop. ADR overshot now, let's see if more push down comes in. Weird PA is not yet vanished. 6 Minutes ago same stuff like last 3 hours before and drop. Same pattern. I wonder if that are algos. But now they hit new buyers. Let's see what happens now. My probabilities of profit making go up a lot now.

Same pattern again... 2 Minutes ago at 1.2175 area . But this time I took 1/2 position of the table. (closed 1.2174 long +/-0).
  • #785,574
  • Oct 24, 2023 9:48am Oct 24, 2023 9:48am
Quoting JackintheBox
{quote} Again +/-0 for today, could trade my out of the minus. Now long again 1.2174 and 1.2168. Sellers don't stop. ADR overshot now, let's see if more push down comes in. Weird PA is not yet vanished. 6 Minutes ago same stuff like last 3 hours before and drop. Same pattern. I wonder if that are algos. But now they hit new buyers. Let's see what happens now. My probabilities of profit making go up a lot now.
Count on 2165/70 above.

Watch this hourly support.

Consolidation already ON
Intraday only.
  • #785,575
  • Edited 10:32am Oct 24, 2023 9:51am | Edited 10:32am
Quoting JackintheBox
Anybody also cunfused about PA today?
Today was another pair's day, I think.
Got up, sold GBPAUD, and it just doesn't stop...
(but then again GBPUSD did almost the same thing)
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  • #785,576
  • Oct 24, 2023 9:52am Oct 24, 2023 9:52am
This Baby is going down!!! Lets go!!!
  • #785,577
  • Oct 24, 2023 9:53am Oct 24, 2023 9:53am
Quoting Coreg2004
{quote} elbert, I wait for 3-5M chart to show me the potential reversal...5th wave seems to be extended and still in the zone. {image}
same here but like to get as much as i can lol
  • #785,578
  • Oct 24, 2023 9:53am Oct 24, 2023 9:53am
I think the market as a whole is a bear right now.
  • #785,579
  • Oct 24, 2023 9:53am Oct 24, 2023 9:53am
Quoting eyefeelsix
{quote} stop-loss protects my assets when I'm wrong {image}

Work hard, Play hard soft

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Edited : the north peak is ( v ) not ( iv ) lol
https://breakpullback.com
  • #785,580
  • Oct 24, 2023 9:54am Oct 24, 2023 9:54am
Finally 1.2175 level burst upside, whoever shorted is in minus now,- at least with that positions, next aim 1.2182-1.2185. Could be median level for next hours. If so I close later around that level my 1.2168 buy. Crazy day.
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