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Cable Update (GBPUSD)

  • #786,981
  • Oct 31, 2023 6:09am Oct 31, 2023 6:09am
Quoting Fardeen1209
{quote} 1.2220 is a decision point for more upward move or downward move, but due to multiple Red news tomorrow, we might see a ranging at this level, with later one sided breakout on one news which MMs decide to give importance to.
Fair enough.. I have a feeling we will be visiting the 120 areas again soon as UK metrics aren’t allowing much of a rise. However as you said Red sticker data may give us a short term direction for PA.
Insane in the Brain..
  • #786,982
  • Oct 31, 2023 6:12am Oct 31, 2023 6:12am
Quoting Mitiblotch
{quote} In progress. Long 2158. TP 2200.
And there 2200 arrives on angel wings!!!
  • #786,983
  • Oct 31, 2023 6:13am Oct 31, 2023 6:13am
G/M, 4th upside break of the prev 4hr desc equidistant channel stays north of it with an upside follow-thru so far today, on the bullish engulf thrust dly candle of y/day, with an upside breach too of the steepest 4hr desc t/line, north and past the Asian hi. Asian lo is presently the current dly lo.

4hr below
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Trader with an Edge.
  • #786,984
  • Oct 31, 2023 6:16am Oct 31, 2023 6:16am
...Dly R1 @/around current dly hi. 61.8% of the recent 2289-2069 down move is @ 2205.

1hr below
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Trader with an Edge.
  • #786,985
  • Oct 31, 2023 6:21am Oct 31, 2023 6:21am
Quoting Bartosz77
{quote} Not long left... just 20 pips and the target is achieved. Sell limit @1.22 no TP, as November will have a huge dive.
I'm expecting NOV to be bullish, watch the Monthly candle for GU and Dow Jones US Dollar Index.

Even tho we currently do not have strong data from UK to Support GBP, but weakness from US may weaken the Dollar and lift GU (a possibility) - FED not willing to resume rate hiking any time soon.


On weekly timeframe US10Y looking forward for a Correction (profit Taking) as nothing rise or falls in straight line except shitcoin
More time in the market, does not mean you trade better!
  • #786,986
  • Oct 31, 2023 6:22am Oct 31, 2023 6:22am
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i am long, looking for 1.22 20 [ ideally...] Watching patiently . . . .

I COME FROM THE PAST...BUT I HAVE FRIENDS WHO COME FROM THE FUTURE . . . .

  • #786,987
  • Oct 31, 2023 6:28am Oct 31, 2023 6:28am
bye pound
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chaos is just unknown order
  • #786,988
  • Oct 31, 2023 6:28am Oct 31, 2023 6:28am
actually considering a buy around 1.2178-80. not convinced this move is over yet.
bearish volume has picked up a bit though.
  • #786,989
  • Oct 31, 2023 6:30am Oct 31, 2023 6:30am
...still rangy on the dly, perhaps between 2038 and 2337 as the possible extremes of that range/consolidation.

dly below
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Trader with an Edge.
  • #786,990
  • Oct 31, 2023 6:31am Oct 31, 2023 6:31am
Quoting footprint
actually considering a buy around 1.2178-80. not convinced this move is over yet.
M15 is working on a swing down, so watch M1/M5 when they swing back up to see if they make it up to a new high again or simply end as rallies to be sold.
(1-2-3, simple as that.)
To free Gazans of Hamas, use whatever it takes.
  • #786,991
  • Oct 31, 2023 6:33am Oct 31, 2023 6:33am
Quoting Luxyus
bye pound {image}
sorry what its meaning
  • #786,992
  • Oct 31, 2023 6:34am Oct 31, 2023 6:34am
sell limit
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  • #786,993
  • Oct 31, 2023 6:36am Oct 31, 2023 6:36am
Just a reminder --- we got Dollar Reds incoming @12.30pm UK and 2.pm UK
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  • #786,994
  • Oct 31, 2023 6:38am Oct 31, 2023 6:38am
Quoting voeltoez
{quote} sorry what its meaning
it means that according to that indicator (CPM) pound strenght against dollar is exhausted. the result can be watched with your own eyes
chaos is just unknown order
  • #786,995
  • Oct 31, 2023 6:40am Oct 31, 2023 6:40am
Quoting navk
{quote} yes, 2150 to 2180 range until LO. Then breakout to Daily r1 - 2200.
Intraday only.
  • #786,996
  • Oct 31, 2023 6:41am Oct 31, 2023 6:41am
Quoting navk
{quote}
hows today navk

Quoting Luxyus
{quote} it means that according to that indicator (CPM) pound strenght against dollar is exhausted. the result can be watched with your own eyes
are you telling 2200 is top.of today, and starting go down?

high lot scalp..revenge trade..i have loss my short today..back.to.zero.profit today
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  • #786,997
  • Oct 31, 2023 6:45am Oct 31, 2023 6:45am
Quoting voeltoez
{quote} hows today navk
2200 was the target, but i did wrong in Asia.

So, loss day today.

I could have recovered the loss in London, but it is my sleeping time.

I will try some on NY though.
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Intraday only.
  • #786,998
  • Oct 31, 2023 6:46am Oct 31, 2023 6:46am
...4hr still rangy overall with a current upside bias/ 'W' pattern,? maybe the start of a new uptrend? 1hr in a general uptrend, intraday bullish overall so far, and London all up till the current dly hi.
15min very o/b, and 30min o/b osc's @ current dly hi....5min - one of those great bearish divergences where the histogram osc didn't get back above the zero line and it comes off the 20bol - retrospective I know, but it is a good set-up worthy of showing. Hi-prob (@ pot res/sbr -or- supp/rbs) set-up across all t/f's, and bullishly as well, (opposite set-up,) particularly with set-up (s) on higher t/f's confirming.

When/where will the 'buy the dip' players come in?

5min below
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Trader with an Edge.
  • #786,999
  • Oct 31, 2023 6:51am Oct 31, 2023 6:51am
this is crazy
Uj up almost 2 points
Dx is down 0.5 point
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yes yes yes
  • #787,000
  • Oct 31, 2023 6:52am Oct 31, 2023 6:52am
Quoting voeltoez
{quote} hows today navk {quote} are you telling 2200 is top.of today, and starting go down? high lot scalp..revenge trade..i have loss my short today..back.to.zero.profit today {image}

how often do you get setup?
MY OPINION NOT FINANCIAL ADVISE
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