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Cable Update (GBPUSD)

  • #786,261
  • Oct 26, 2023 8:31am Oct 26, 2023 8:31am
Quoting JackintheBox
Ok, I don't know what to do now. We are in a correction which is completed in first part. It can go down now - or go up. News indicate clearly down, GBP/USD is up. 50 Pip move downwards can happen any time. Upside limited but who knows, who shorted the market is full in control of the market, ready to fool traders again. I don't like that at all. I cannot trade in an environment like that. That sucks.
Who knows.. 15m structure is up.. for it to break we need new low.. so risky to go each way now
  • #786,262
  • Oct 26, 2023 8:33am Oct 26, 2023 8:33am
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yes yes yes
  • #786,263
  • Oct 26, 2023 8:33am Oct 26, 2023 8:33am
Quoting Whale
{quote} hit!!! Hell fucking yeah. now sideline... hope for crash
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  • #786,264
  • Oct 26, 2023 8:35am Oct 26, 2023 8:35am
Quoting Mitiblotch
{quote} Good. I think that can give us a 50 pip spike at least. That's why I went to USDCAD so it is unaffected by ECB. I also left enough dry gunpowder for EURUSD. Hopefully it gets to be explosive today.
I don't know how I got lucky with this one with such very good US data. I bought at 2080 just less than a minute before news and came back to see almost 50 pip spike. With trembling hands I banked my profit. I got lucky on this one.
  • #786,265
  • Oct 26, 2023 8:35am Oct 26, 2023 8:35am
Quoting Fardeen1209
New Setup GU {image} ?
Trading it or just draw?
  • #786,266
  • Edited 12:44pm Oct 26, 2023 8:36am | Edited 12:44pm
Hi guys!.

IMO, the cable has outstanding issues between 1,260 and 1,240 (end H4/D W4) before falling more strongly below 1,200.

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JEM
JEM
  • #786,267
  • Oct 26, 2023 8:36am Oct 26, 2023 8:36am
Quoting T721
{quote} {image}
not enough
i think of short here for 1.18
  • #786,268
  • Oct 26, 2023 8:36am Oct 26, 2023 8:36am
Quoting Mitiblotch
{quote} I don't know how I got lucky with this one with such very good US data. I bought at 2080 just less than a minute before news and came back to see almost 50 pip spike. With trembling hands I banked my profit. I got luck on this one.
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  • #786,269
  • Oct 26, 2023 8:42am Oct 26, 2023 8:42am
Quoting tradexyz
{image} see no springforward clockworks bs... y'all noticed...more symmetry...4hr...
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Back 1 hour Nov 5, 2023 - Daylight Shaving Time Ends shhhh...
  • #786,270
  • Oct 26, 2023 8:43am Oct 26, 2023 8:43am
All this weird movement started on 23 of October fooling the market to go long, than hammered the hell out of it on 24th of October, selling all longs and pushing the hell of money into shorts. Retraces already started to look sick on 24th but 25th was even worser. So people hoped for release of that "claws" today after news. Movement was first fine and wild, as i should be. But than, out of a sudden, it goes up instead of going down.

Of course it is obvious what happened: They covered a lot of shorts from last days with fresh short money who thought it has to go down, so there avg. earn per position goes up. I fully understand that but is that still allowed to be in such a control of the market over days??? Look at resistance 1.2115: Just vaporized in seconds. For me that's not ok what's going on. Of coures I deal with it and I also made no loss but of course my earning last 3 days are not even half of normal avg. Their is just no good setup, no claritiy.
  • #786,271
  • Oct 26, 2023 8:45am Oct 26, 2023 8:45am
Quoting tiborf71
short. 1.21002. SL .1.21300.
the SL activated.
  • #786,272
  • Oct 26, 2023 8:45am Oct 26, 2023 8:45am
Doubt bears bulls can do something...
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  • #786,273
  • Oct 26, 2023 8:51am Oct 26, 2023 8:51am
Support didn't become resistance, it became support again
1.21360 area is 31 pips target
1.21500 area is 45 pips target
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yes yes yes
  • #786,274
  • Oct 26, 2023 8:53am Oct 26, 2023 8:53am
Quoting footprint
{quote} Hunting sell at around 1.2133 in NYSE session Stops will have to be above 1.2142 Hunting 60-70 pips
So far, so good. I put my SL to breakeven now.
  • #786,275
  • Oct 26, 2023 8:53am Oct 26, 2023 8:53am
Will short if we break 1.2105. SL 1.2135. TP Open. Could change if we make new highs.
  • #786,276
  • Oct 26, 2023 8:59am Oct 26, 2023 8:59am
Cam Levels
GBPUSD
Brk Out Long 1.21463
Short 1.21275
HL2 1.21212
HL1 1.21149
LL1 1.21023
LL2 1.20960
Long 1.20897
Brk Out Short 1.20709
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trade well see u later ...
  • #786,277
  • Oct 26, 2023 9:00am Oct 26, 2023 9:00am
Quoting Moty
Support didn't become resistance, it became support again 1.21360 area is 31 pips target 1.21500 area is 45 pips target {image} {image}
not sure why you refuse to take the loss.. you will stay with 1000$, anyway you trying to double it everyday..
so better TA than hope
  • #786,278
  • Oct 26, 2023 9:00am Oct 26, 2023 9:00am
short.1.21208.
  • #786,279
  • Oct 26, 2023 9:04am Oct 26, 2023 9:04am
Quoting Luxyus
{quote} yeah it s a correction, but will be more extended, critical price lies @1.2135
well there we go
chaos is just unknown order
  • #786,280
  • Oct 26, 2023 9:06am Oct 26, 2023 9:06am
Hello. Price @ the current dly lo which is the Asian lo is @ the top of the dly part of the prev 4hr/dly/minor wkly sw lo zone that extends down to 2038, = prev supp = pot supp, where it encountered demand, and after another 1hr test rose up to current dly hi passing upside of the Asian hi. Price is back in that prev 4hr descending channel that saw 2 x false breaks to the upside. 1hr is in a general downtrend and 4hr in a rangy condition with current overall downside bias.

4hr/1hr below
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