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Cable Update (GBPUSD)

  • #794,141
  • Nov 30, 2023 5:26am Nov 30, 2023 5:26am
Quoting JackintheBox
Market now before news give credits to bad numbers from US in 5 minutes. I would not bet on it. We'Ve seen,I think, 3 numbers which were contrary (last yesterday) to a cooling economy. If number surprises today (Core PCE) and is higher than expected, GBP/USD could drop 30pips or more in a second. I would not go long before news come out -at least not now. I will take a tiny short. I have a feeling PCE Core will surprise to the upside.
It could also swing all the way up too.
Insane in the Brain..
  • #794,142
  • Nov 30, 2023 5:26am Nov 30, 2023 5:26am
Ladies, boys, and ladybois... hold onto your asses. Last decent trade until next week about to slap your wallets. Time for Moty to shine.
Congratulations ScalaFX for coming out of the closet!
  • #794,143
  • Nov 30, 2023 5:29am Nov 30, 2023 5:29am
Quoting nubcake
Ladies, boys, and ladybois... hold onto your asses. Last decent trade until next week about to slap your wallets. Time for Moty to shine.
What's your opinion on PCE ? Will it surprise market to the upside?
  • #794,144
  • Nov 30, 2023 5:29am Nov 30, 2023 5:29am
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yes yes yes
  • #794,145
  • Nov 30, 2023 5:33am Nov 30, 2023 5:33am
Quoting JackintheBox
{quote} What's your opinion on PCE ? Will it surprise market to the upside?
Why would I ever guess when my guess doesn't matter one bit?
Congratulations ScalaFX for coming out of the closet!
  • #794,146
  • Nov 30, 2023 5:33am Nov 30, 2023 5:33am
Seems bit of a non move
Insane in the Brain..
  • #794,147
  • Nov 30, 2023 5:34am Nov 30, 2023 5:34am
Quoting nubcake
{quote} Why would I ever guess when my guess doesn't matter one bit?
Cause it seems you are a funny guy.
  • #794,148
  • Edited 5:47am Nov 30, 2023 5:35am | Edited 5:47am
dx good bounce target overhead while no good bottoming so far , crazy actions seeing , previous signal 102.92 now limit for up , wavewise running a 5th up /last to do or die before correction possibly !
gu tested strong support at top 2630 , may still can test 2620 , but as last limit 2643 broken , so top failure in place wave wise but channel wise upto 2620 ok for bull action as last leg up before correction down! lets see , take care
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: DX.fM15.png Size: 16 KB
Click to Enlarge Name: GBPUSDH11.png Size: 19 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #794,149
  • Nov 30, 2023 5:36am Nov 30, 2023 5:36am
...that prev 1hr sw lo zone = prev supp = pot sbr along with fibs @ the current p/back hi of the 2732-2631 move.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #794,150
  • Nov 30, 2023 5:36am Nov 30, 2023 5:36am
Quoting DrDave
{quote} Seriously?? That is fighting against m15 that is already going up.
Don't forget the main target of h4 trade for 100 pips
From 1.27000 to 1.26000
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-11-30-15-35-18-524_net.metaquotes.metatrader4-edit.jpg Size: 759 KB
yes yes yes
  • #794,151
  • Nov 30, 2023 5:36am Nov 30, 2023 5:36am
Anyway: Numbers were as expected, so sell of dropped directly after news as expected if numbers are not as bad as market expected. Initial Drop Was too fast, so they pulled it up to take out long orders and let it drop again. Here we are currently. Could sell with a profit my long.

Market messed up now. No trade. Bias short. Even no scalp long for me.
  • #794,152
  • Nov 30, 2023 5:39am Nov 30, 2023 5:39am
Quoting Fardeen1209
{quote} Mr Healand might be on spot for the minor corrective Here USD Retracement {image} Retracement coming to previous 4hr Swing LOW re-test and 50% of Wave 3 GU {image} not even close to 50%- sign of strength on part of GU
More down is yet to unfold.
This wave (a)-black is correction of wave (v)-black of WAVE iii-(blue)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-11-30_17-40-56.png Size: 52 KB


MM trapping retails on the wrong side for wave (c)-black of WAVE iv-(blue)

Once wave (a)-black completed, we move fib retracement from only wave (v) of WAVE iii-(blue) to whole WAVE iii - to see where WAVE iv is possibly going to find support before WAVE v
More time in the market, does not mean you trade better!
  • #794,153
  • Nov 30, 2023 5:41am Nov 30, 2023 5:41am
Quoting JackintheBox
Anyway: Numbers were as expected, so sell of dropped directly after news as expected if numbers are not as bad as market expected. Initial Drop Was too fast, so they pulled it up to take out long orders and let it drop again. Here we are currently. Could sell with a profit my long. Market messed up now. No trade. Bias short. Even no scalp long for me.
Ah, so long it is.
Congratulations ScalaFX for coming out of the closet!
  • #794,154
  • Nov 30, 2023 5:41am Nov 30, 2023 5:41am
For 20/32 pips
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yes yes yes
  • #794,155
  • Nov 30, 2023 5:45am Nov 30, 2023 5:45am
Quoting JackintheBox
Anyway: Numbers were as expected, so sell of dropped directly after news as expected if numbers are not as bad as market expected. Initial Drop Was too fast, so they pulled it up to take out long orders and let it drop again. Here we are currently. Could sell with a profit my long. Market messed up now. No trade. Bias short. Even no scalp long for me.
Ok...they struggle to sell lower, means accumulating volume from last our before news is almost priced in (sold) so small long bias now, took a small long at 1.2640, only scalp. Short term was selling pressure due to speculating before on bad numbers from US- which failed. When selling is finished could go up to new highs due to technical analysis. Of course the numbers today make longs on GBP/USD on long term NOT really happier. But up trend should continue as long as their no big changes in numbers from expectation. But of course also number today was a (small) warning sign that US is not fully cooling down yet.
  • #794,156
  • Nov 30, 2023 5:45am Nov 30, 2023 5:45am
12640 seems to be holding well so far. Further falls need to break below 12630
Insane in the Brain..
  • #794,157
  • Nov 30, 2023 5:50am Nov 30, 2023 5:50am
...2628-24 3 fib cluster, then a 4 fib cluster 2603-2595, then 2576-68 a 3 fib cluster, then 2557-53 a 3 fib cluster.
Trader with an Edge.
  • #794,158
  • Nov 30, 2023 5:51am Nov 30, 2023 5:51am
Quoting JackintheBox
Anyway: Numbers were as expected, so sell of dropped directly after news as expected if numbers are not as bad as market expected. Initial Drop Was too fast, so they pulled it up to take out long orders and let it drop again. Here we are currently. Could sell with a profit my long. Market messed up now. No trade. Bias short. Even no scalp long for me.
This is the number 1.26792
Attached Image (click to enlarge)
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yes yes yes
  • #794,159
  • Nov 30, 2023 5:52am Nov 30, 2023 5:52am
In long-1.2635

Sl-1.2618

Tp-1.2694
  • #794,160
  • Nov 30, 2023 5:53am Nov 30, 2023 5:53am
Quoting BeeTogether
12640 seems to be holding well so far. Further falls need to break below 12630
now sr 2629 , breaks go to 1st confirmation bear 2607, good support then 2584 areas/ if not 2482! . take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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