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Cable Update (GBPUSD)

  • #790,701
  • Nov 16, 2023 4:52am Nov 16, 2023 4:52am
Will be looking for a long on GU

H4 is below D1

and D1 above W1


so a possible correction h4/d1 against d1/wk1 and a move back up to continue d1/w1 swing

Will wait for entry signal to react , this is not a forecast.
Follow The Markets Structure - Patience and Discipline
  • #790,702
  • Nov 16, 2023 4:58am Nov 16, 2023 4:58am
Quoting pipfarm
Will be looking for a long on GU H4 is below D1 and D1 above W1 so a possible correction h4/d1 against d1/wk1 and a move back up to continue d1/w1 swing Will wait for entry signal to react , this is not a forecast.
Could also look for a short as H4 is below D1 and h1 above h4
Follow The Markets Structure - Patience and Discipline
  • #790,703
  • Nov 16, 2023 5:12am Nov 16, 2023 5:12am
Going long GU
  • #790,704
  • Nov 16, 2023 5:14am Nov 16, 2023 5:14am
Quoting pipfarm
{quote} Could also look for a short as H4 is below D1 and h1 above h4
Depending on which TF you trade, of course, we are actually in "no man's land" and it is best to watch:
D1-H4: bias d; retracement towards D1;
W1: price is above W1, D1+H4 are above W1; longer bias still u, retracement towards W1
  • #790,705
  • Nov 16, 2023 5:14am Nov 16, 2023 5:14am
Quoting birdland
if you think you can only get ahead in the stock market or forex with technical analysis or money management, you will fail. only a healthy mind in a healthy body will get you ahead and bring in the necessary flexibility. because without this flexibility and a sluggish character you have no chance. invest in your brain&body and train it.
Quote of the week!

Thanks, Birdland.
Face 'ur fears & tame 'ur greed
  • #790,706
  • Nov 16, 2023 5:16am Nov 16, 2023 5:16am
expect 2200 low today
  • #790,707
  • Nov 16, 2023 5:18am Nov 16, 2023 5:18am
I'm looking at this scalp formation going into the news today.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231116-142036.jpg Size: 219 KB
Face 'ur fears & tame 'ur greed
  • #790,708
  • Nov 16, 2023 5:21am Nov 16, 2023 5:21am
Quoting eyefeelsix
{quote} wow broken the sky it's not good idea to stay with the bear, stop-out accept the loss. {image}

Out of plan, I don't force myself to trade on GU atm

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 28 KB
https://breakpullback.com
  • #790,709
  • Nov 16, 2023 5:21am Nov 16, 2023 5:21am
Quoting JereMi256
I'm looking at this scalp formation going into the news today. {image}
Bears failed to break the Asian low, the daily open is bound to be retested
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231116-142055.jpg Size: 204 KB
Face 'ur fears & tame 'ur greed
  • #790,710
  • Nov 16, 2023 5:34am Nov 16, 2023 5:34am
I have mixed signals now, im staying on the sideline but favouring USD being bullish, will wait for the news in 2 hours and possibly 4hr candle close in 2.5 hours to take a trade
  • #790,711
  • Nov 16, 2023 5:42am Nov 16, 2023 5:42am
M15
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #790,712
  • Nov 16, 2023 5:50am Nov 16, 2023 5:50am
NEVER GIVE UP!
Attached Image(s) (click to enlarge)
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  • #790,713
  • Nov 16, 2023 5:51am Nov 16, 2023 5:51am
LOOK AT ME NOW...
Phase 1 PASSED
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-11-16-12-49-31-59_40deb401b9ffe8e1df2f1cc5ba480b12.jpg Size: 56 KB
  • #790,714
  • Nov 16, 2023 5:51am Nov 16, 2023 5:51am
Quoting JereMi256
{quote} Bears failed to break the Asian low, the daily open is bound to be retested {image}
it’s trading on a real tight range right now. I see in FF there is red data dailyfx doesn’t have it as red let’s see if the impact will break the range
Insane in the Brain..
  • #790,715
  • Nov 16, 2023 5:52am Nov 16, 2023 5:52am
Phase 2 5%. Almost there
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-11-16-12-49-52-88_40deb401b9ffe8e1df2f1cc5ba480b12.jpg Size: 136 KB
  • #790,716
  • Nov 16, 2023 5:59am Nov 16, 2023 5:59am
Quoting BrainBucks
LOOK AT ME NOW... Phase 1 PASSED {image}
What is this? Prop firm challenge or something?
  • #790,717
  • Nov 16, 2023 6:01am Nov 16, 2023 6:01am
Quoting zuko
{quote} What is this? Prop firm challenge or something?
Yup. Prop firm and multiple failed challenges in all its glory...
  • #790,718
  • Nov 16, 2023 6:04am Nov 16, 2023 6:04am
GU has a possible H&S or W on the 5 and 15 min time frames depending on how the next few candles play out...
  • #790,719
  • Nov 16, 2023 6:05am Nov 16, 2023 6:05am
Quoting BrainBucks
{quote} Yup. Prop firm and multiple failed challenges in all its glory...
Nice! Not giving up is big part of success!
  • #790,720
  • Nov 16, 2023 6:11am Nov 16, 2023 6:11am
Quoting ScalaFX
{quote} 2nd short Gold 1968.07
taking some, closed first, 2nd protected
People don't plan to lose. They lose because they don't plan.
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