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Cable Update (GBPUSD)

  • #786,141
  • Oct 26, 2023 3:31am Oct 26, 2023 3:31am
Quoting knkie
H4 is tending towards upward pressure. 2103 is a hurdle 2091 is becoming supply on m5
Do you think we can possibly head towards 1.216?
  • #786,142
  • Oct 26, 2023 3:36am Oct 26, 2023 3:36am
Quoting Luxyus
{quote} updating chart, secondary test sub1.21 still expected. shorts are smiling to me {image} {image}
As expected, figure 1.21 has been broken bringin cable on a support cluster. PA entered in phase B in which we may see further secondary tests with a potential new low. Have to check very closely if volumes decrease for a confirmation that a preparation for a new uptrend is going to be builded.
Chart update
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chaos is just unknown order
  • #786,143
  • Oct 26, 2023 3:39am Oct 26, 2023 3:39am
Gold trade

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  • #786,144
  • Oct 26, 2023 3:47am Oct 26, 2023 3:47am
Quoting Jackoboms
{quote} Do you think we can possibly head towards 1.216?
always a possibility, however if we have seen the lows of the day then potentially a move up is on the cards. Question really is have we seen the lows of the day. I am not expecting a move up to 12160 and then another 100 pips down. Maybe if we touch 12050 and then up? Some data later that could help the PA decide
Insane in the Brain..
  • #786,145
  • Oct 26, 2023 3:49am Oct 26, 2023 3:49am
the price is currently resting on a possible support.
anything is possible.
  • #786,146
  • Oct 26, 2023 3:52am Oct 26, 2023 3:52am
This market is cruel.
I took 3 scalping trades today. 3 of them hit SL.

  • #786,147
  • Oct 26, 2023 4:01am Oct 26, 2023 4:01am
Gold short 1992
  • #786,148
  • Oct 26, 2023 4:02am Oct 26, 2023 4:02am
that was it haha
back to Bear mode
in wondering about yourself, you forgot what you came here to be part of
  • #786,149
  • Oct 26, 2023 4:03am Oct 26, 2023 4:03am
Quoting Jackoboms
{quote} Do you think we can possibly head towards 1.216?
i hate predicting but this looks like the up move had no balls to it and we are bck in bear mode

could be wrong !
in wondering about yourself, you forgot what you came here to be part of
  • #786,150
  • Oct 26, 2023 4:04am Oct 26, 2023 4:04am
Quoting tiborf71
the price is currently resting on a possible support. anything is possible.
Support around 1.20650 is the last hope for the bulls.
we'll see.
  • #786,151
  • Oct 26, 2023 4:04am Oct 26, 2023 4:04am
Quoting Waveskierrob
{quote} taking you advice LONG 1.12088 no sl no tp
hedge and average this trade LONG and SHORT 1.2078 no tp no sl
  • #786,152
  • Oct 26, 2023 4:04am Oct 26, 2023 4:04am
Currently short Gbpusd look to possibly long at 1.20660
  • #786,153
  • Oct 26, 2023 4:04am Oct 26, 2023 4:04am
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Intraday Trading is an Art _ hoda
  • #786,154
  • Oct 26, 2023 4:06am Oct 26, 2023 4:06am
Quoting genadi
This market is cruel. I took 3 scalping trades today. 3 of them hit SL.
in my humble opinion, there is only now enough pressure to scalp on LFs.
M5 is mine.

just waiting for a pullback to short
in wondering about yourself, you forgot what you came here to be part of
  • #786,155
  • Oct 26, 2023 4:13am Oct 26, 2023 4:13am
Quoting hoda
GU: Sell Again @ 1.2082
Close All
Intraday Trading is an Art _ hoda
  • #786,156
  • Oct 26, 2023 4:14am Oct 26, 2023 4:14am
M1 frame
2077 short

after this i will be on m5 again
in wondering about yourself, you forgot what you came here to be part of
  • #786,157
  • Edited 4:37am Oct 26, 2023 4:16am | Edited 4:37am
Quoting footprint
I think we'll pop up on Claimant Count at 7am and make the high of the week today sometime after London open. When I find a safe sell entry i'll enter short to 1.2070 with the aim of hitting it this week We may turn around 1.23, or around 1.2350 above the h4 swinghigh, will wait for LTF to trend down and get in on pullback into imbalance
target achieved..

I would be careful with any buys this week on x/usd. IE I would not do them. US equities are falling hard. I think GU will get below 1.2040 next, but from memory there is some support around 1.2070-75 area. I do see a large buyer was filled around 6am this morning at 1.2076. So for a scalp, a buy is ok, but I still won't touch it.

Have a small swing trade running from the 13th on NQ.. shame I didn't go bigger on this. I think December 2022 low is the ultimate target but 14000 (futures) will do fine for a good partial. Hopefully nobody got their tax-free wrappers languishing in 60/40

Please remember for GU we had a week long accumulation... this means we can have a full week expansion (crude rule of thumb, longer the accumulation longer the breakout). The down move is not over. AWR filled this morning so I can understand why a buy looks attractive for a scalper. Candidates for a sell today - 1.2124 , 1.2133. I think one of those will send us back down. If we appear to reverse on 1.2124, i'll look for a stophunt to 1.2133 for a sell.
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  • #786,158
  • Oct 26, 2023 4:18am Oct 26, 2023 4:18am
Bought 1.208
target 40 pips
  • #786,159
  • Oct 26, 2023 4:20am Oct 26, 2023 4:20am
Adding more longs with all SL to previous 15 min candle low.
  • #786,160
  • Oct 26, 2023 4:24am Oct 26, 2023 4:24am
Quoting Jackoboms
{quote} Does GU look oversold ?
Just for the last few days of this month.
November will go south from 1.22
WT
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