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Cable Update (GBPUSD)

  • #792,101
  • Nov 22, 2023 5:55am Nov 22, 2023 5:55am
Feels like gu want to fly …no position btw on sidelines.

scalping longs on dow easy pointss
Extreme gut feeling trader
  • #792,102
  • Nov 22, 2023 5:59am Nov 22, 2023 5:59am
Quoting Pat Chiko
{quote} GU Despite price exhibiting a lackluster performance during the London session, it remains confined within the H4 wedge. Price's inability to close above the last Pivot point on the Daily TF reinforces the bearish bias. Currently, no position is held, as I await a clearer indication of price direction. The bearish bias remains in play, contingent upon price breaching the H4 wedge. It is important to note that this is not a signal service but rather a reflection of my personal opinion and thought process based on price movements throughout...
Hi. I think it is a rising wedge of sorts on that 4hr t/f, and the prev sw hi zone = prev res = pot rbs that starts @ 2505 and that caught the current dly lo has been disrespected once as pot rbs @ red arrow on chart below, (hence a hollow zone,) so may not be strong enough to hold price up if challenged again from above it? It's a scenario. False 1st downside break of the Asian lo, price now back inside the Asian range. Intraday bias right now is neutral to slightly bullish,? but that can change quickly.

4hr below
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Trader with an Edge.
  • #792,103
  • Nov 22, 2023 6:13am Nov 22, 2023 6:13am
...bulls next pot obstacle the Asian hi?

1hr below
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Trader with an Edge.
  • #792,104
  • Nov 22, 2023 6:18am Nov 22, 2023 6:18am
GM, adding some shorts GU 2548 pending 2560, still underwater
People don't plan to lose. They lose because they don't plan.
  • #792,105
  • Nov 22, 2023 6:23am Nov 22, 2023 6:23am
Mf !!!!!
What the deal ?
Go down
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yes yes yes
  • #792,106
  • Nov 22, 2023 6:24am Nov 22, 2023 6:24am
Quoting Headland
{quote} Hi. I think it is a rising wedge of sorts on that 4hr t/f, and the prev sw hi zone = prev res = pot rbs that starts @ 2505 and that caught the current dly lo has been disrespected once as pot rbs @ red arrow on chart below, (hence a hollow zone,) so may not be strong enough to hold price up if challenged again from above it? It's a scenario. False 1st downside break of the Asian lo, price now back inside the Asian range. Intraday bias right now is neutral to slightly bullish,? but that can change quickly. 4hr below {image}
GU is exhibiting its typical behavior, demonstrating signs of fatigue following a significant upward push. Unlike other instruments, GU is inclined towards consolidation within its characteristic wedge patterns.

I can see both LQ (sellside and buy side) are sitting closed together as we move towards US open. Thus , is will becoming an easy pick for MM to fill up their order book as we move to NYO.

Not tradeing GU now, as the relative stagnancy of GU has prompted to seek opportunities in other instruments, relegating GU to a secondary role until a stronger conviction regarding its trade direction emerges.
Currently, GU appears to be in a state of indecisiveness.


Gold, on the other hand, appears to be gripped by uncertainty, hinting at a potential downside.
The USD Dollar index has found support at the 129500 level.
Today's market conditions present the prospect of a synchronized movement between gold and GBP, with USD acting as the primary driving force.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,107
  • Nov 22, 2023 6:33am Nov 22, 2023 6:33am
Quoting Pat Chiko
{quote} GU is exhibiting its typical behavior, demonstrating signs of fatigue following a significant upward push. Unlike other instruments, GU is inclined towards consolidation within its characteristic wedge patterns. I can see both LQ (sellside and buy side) are sitting closed together as we move towards US open. Thus , is will becoming an easy pick for MM to fill up their order book as we move to NYO. Not tradeing GU now, as the relative stagnancy of GU has prompted to seek opportunities in other instruments, relegating GU to a secondary role...
Yeh tend to agree. Uk mini budget - the so called 'Autumn statement' just starting.
Trader with an Edge.
  • #792,108
  • Nov 22, 2023 6:38am Nov 22, 2023 6:38am
Quoting Moty
Mf !!!!! What the deal ? Go down {image}
Moty relax, be patient
People don't plan to lose. They lose because they don't plan.
  • #792,109
  • Nov 22, 2023 6:40am Nov 22, 2023 6:40am
Better to wait for red news unemployment claims… dxy is the middle can go any side new low or new high..
Extreme gut feeling trader
  • #792,110
  • Nov 22, 2023 6:41am Nov 22, 2023 6:41am
Quoting montygoldy
Feels like gu want to fly …no position btw on sidelines. scalping longs on dow easy pointss
Some hiccup on Dow for one hour.

But smooth ride for S&P500 and NASDAQ flying like Elon Musk's Starship.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,111
  • Nov 22, 2023 6:46am Nov 22, 2023 6:46am
Quoting ScalaFX
{quote} Moty relax, be patient
That is a word not in his vocabulary!
  • #792,112
  • Nov 22, 2023 6:46am Nov 22, 2023 6:46am
Closed off my yesterday's long at BE Not sure we're this is going will wait in side line
average dude treading water
  • #792,113
  • Nov 22, 2023 6:47am Nov 22, 2023 6:47am
Quoting Pat Chiko
{quote} Some hiccup on Dow for one hour. But smooth ride for S&P500 and NASDAQ flying like Elon Musk's Starship.
yea… nice scalp of 40 points.. closed everything before news… still biased towards dxy strength today…
Extreme gut feeling trader
  • #792,114
  • Nov 22, 2023 7:00am Nov 22, 2023 7:00am
2530 working on overtime gaddemit!!!
Darned figure has done a number on me fa' sure.
32 hours holding shorts, and counting... (that's a record by my very humble standards).
  • #792,115
  • Nov 22, 2023 7:12am Nov 22, 2023 7:12am
autum statement added nothing lol
Insane in the Brain..
  • #792,116
  • Nov 22, 2023 7:13am Nov 22, 2023 7:13am
Quoting BrainBucks
2530 working on overtime gaddemit!!! Darned figure has done a number on me fa' sure. 32 hours holding shorts, and counting... (that's a record by my very humble standards).
GU

I copy you.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,117
  • Nov 22, 2023 7:15am Nov 22, 2023 7:15am
Quoting BeeTogether
autum statement added nothing lol
Added some misery to the people. ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,118
  • Nov 22, 2023 7:19am Nov 22, 2023 7:19am
i think M30 is key.
Its making a HL
Unless the news is whack, i think we go upward

could be wrong ofcourse
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in wondering about yourself, you forgot what you came here to be part of
  • #792,119
  • Nov 22, 2023 7:19am Nov 22, 2023 7:19am
Quoting navk
{quote} Below 2550, today 2450
Based on this call, I made my money, daily money.

Now, I am not seeing in my chart anything to short.

Only scalp until now.

But I am sure something going to change.
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Intraday only.
  • #792,120
  • Nov 22, 2023 7:20am Nov 22, 2023 7:20am
Quoting ScalaFX
{quote} Moty relax, be patient
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yes yes yes
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