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Cable Update (GBPUSD)

  • #795,661
  • Dec 7, 2023 6:28am Dec 7, 2023 6:28am
Quoting vankiepsauff
i'm short 1.2564
Hi, good luck with it. I'm not a fan of 'selling lo to buy back lower' and particularly not @ potential rbs/supp. I prefer, 'selling high.' But, anything can happen and last 1hr close was v.bearish, and there is 1hr bearish hidden div @ current dly hi.
Trader with an Edge.
  • #795,662
  • Dec 7, 2023 6:32am Dec 7, 2023 6:32am
Quoting Headland
{quote} Hi, good luck with it. I'm not a fan of 'selling lo to buy back lower' and particularly not @ potential rbs/supp. I prefer, 'selling high.' But, anything can happen and last 1hr close was v.bearish, and there is 1hr bearish hidden div @ current dly hi.
thanks, I could be wrong, but the odds of me being wrong are very low.
vankiepsauff@gmail
  • #795,663
  • Dec 7, 2023 6:39am Dec 7, 2023 6:39am
update1, M30
cca 1,2560 we got support... wait for M30 to close
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Trendlines H1,H4, SMC
  • #795,664
  • Dec 7, 2023 6:41am Dec 7, 2023 6:41am
Quoting birdland
between 1.2545-1.2539 many lines come together, so there is a buylevel and above red sell level {image}
this was a nice morning to play pingpong;-)
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trading is like dancing, don't think and just listen to the music!
  • #795,665
  • Dec 7, 2023 6:46am Dec 7, 2023 6:46am
Quoting vankiepsauff
{quote} thanks, I could be wrong, but the odds of me being wrong are very low.
Such confidence in one so young
  • #795,666
  • Dec 7, 2023 6:48am Dec 7, 2023 6:48am
...1hr pot rbs -versus- 1hr pot sbr then 30min pot sbr right now. Last 30min closes = 3 black crows. (Oh no - not 3 black crows-gate again!)

1hr below
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Trader with an Edge.
  • #795,667
  • Dec 7, 2023 6:50am Dec 7, 2023 6:50am
Quoting mallee
{quote} Such confidence in one so young
Sorry, I have nearly 20 years of trading with forex.
vankiepsauff@gmail
  • #795,668
  • Dec 7, 2023 6:56am Dec 7, 2023 6:56am
Quoting vankiepsauff
{quote} Sorry, I have nearly 20 years of trading with forex.
Don't be sorry. I used to collect coins too.
  • #795,669
  • Dec 7, 2023 6:57am Dec 7, 2023 6:57am
Quoting Headland
...1hr pot rbs -versus- 1hr pot sbr then 30min pot sbr right now. Last 30min closes = 3 black crows. (Oh no - not 3 black crows-gate again!) 1hr below
So, sbr won that little battle! As of current moment; 1hr is in a general downtrend, 4hr in a general downtrend too, but dly remains in a general uptrend but will be printing a L off the last HH (2732) after going below it's last and 6th consecutively HL @ 2603. Could be seeing a bullish expanding triangle develop on 2hr? (details of these in my files on my profile.)

1hr below
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Trader with an Edge.
  • #795,670
  • Dec 7, 2023 7:00am Dec 7, 2023 7:00am
Quoting Pat Chiko
{quote} Dollah Index U.S making LL and approaching to next structure level on daily TF.{image}
Dolla Index

Pre ADP movement for LQ grab
Pushing for LQ/FVG zone
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,671
  • Dec 7, 2023 7:01am Dec 7, 2023 7:01am
Quoting Fardeen1209
{quote} True opportunity is BSE Sensex, IMHO. The only sex i want before marriage

Hahaa ideally bse sensex is easiest to trade in these months, we will be going up till elections in April'24, just buy & enjoy the free ride

Pick up the historical data- u r very good at it, for past 20 years, whenever elections are due in our country, mkts appreciate in last 6 months before elections
  • #795,672
  • Dec 7, 2023 7:10am Dec 7, 2023 7:10am
...there is a historically not hi-probability repeating pattern of bullish hidden div on dly when measured from 2nd to last HL on that t/f. I prefer measuring bullish hidden div from osc valley to valley (ie below it's zero axis) which would mean it would be measured from 2069 swing lo - so not developed yet. But anyway with the potential 2hr exp tri and the current dly lo @ that prev dly sw hi zone = prev res = pot rbs (that began @ 2559) - it's worth a mention.

dly below
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Trader with an Edge.
  • #795,673
  • Dec 7, 2023 7:11am Dec 7, 2023 7:11am
Quoting Pat Chiko
{quote} GU Lets try some , if got luck{image}
GU

In anticipation of tomorrow's ADP data release, I believe there are potential market manipulations at play.

Considering public knowledge suggests the data will be lower than projected, it's plausible that buyers are preparing to sell USD.
This could create an opportunity for market makers to manipulate the price downwards, potentially reaching 1.24500 and triggering stop-loss orders.
The same was anticipated when JOLTS was low, now ADP still low, NFP will really send DXY home. Or is it another manipulation games by MM to get reratials traders trapped into their plan ?

I welcome any constructive feedback on this analysis.
Thank you.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,674
  • Dec 7, 2023 7:13am Dec 7, 2023 7:13am
I managed to scalp enough for todays target but could of had a lot more if I was on the right side of things didn’t hit my sell limits and stayed in too long on some buys but overall it was good.

a bounce up would be nice before resuming some extra strong downward pressure
  • #795,675
  • Dec 7, 2023 7:19am Dec 7, 2023 7:19am
Quoting Pat Chiko
{quote} GU In anticipation of tomorrow's ADP data release, I believe there are potential market manipulations at play. Considering public knowledge suggests the data will be lower than projected, it's plausible that buyers are preparing to sell USD. This could create an opportunity for market makers to manipulate the price downwards, potentially reaching 1.24500 and triggering stop-loss orders. The same was anticipated when JOLTS was low, now ADP still low, NFP will really send DXY home. Or is it another manipulation games by MM to get reratials...
Pat, as a short-term intraday trader it doesn't matter much to me but yeh, it's a feasible scenario, but one amongst many. Only a representative historical sample (s) could tell us whether it's a hi-prob scenario or not, but the theory stacks up. As for MM's playing games that you decsribe, to trap retailers, well that's just an added bonus lol! If they are playing those games/have that plan they are trying to catch bigger fish than us, and why not!? 38.2% of the recent 2038-2732 'main up-move' is down @ 2467.
-------------------------------------------------------------------------

...76.4% of today's current dly/Asian lo to current dly hi @ the current p/back lo off that hi. Pot sbr under attack again

1hr below
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Trader with an Edge.
  • #795,676
  • Dec 7, 2023 7:23am Dec 7, 2023 7:23am
Ah yes, the market has been waiting for me.

Or was it for Gann and the Pitchfork EMA Cross mixed with pepper? FIRE IN THE DISCO!!!
Congratulations ScalaFX for coming out of the closet!
  • #795,677
  • Dec 7, 2023 7:25am Dec 7, 2023 7:25am
Quoting Pat Chiko
{quote} GU In anticipation of tomorrow's ADP data release, I believe there are potential market manipulations at play. Considering public knowledge suggests the data will be lower than projected, it's plausible that buyers are preparing to sell USD. This could create an opportunity for market makers to manipulate the price downwards, potentially reaching 1.24500 and triggering stop-loss orders. The same was anticipated when JOLTS was low, now ADP still low, NFP will really send DXY home. Or is it another manipulation games by MM to get reratials...
For someone to 'play' the news 24 hours in advance and with a couple of red flag news events in between seems a bit risky to me. I thought that big players 'didn't take' unplanned risks?
  • #795,678
  • Dec 7, 2023 7:32am Dec 7, 2023 7:32am
Whoever is making the forecasts needs to fuck off and stop being accurate so we can get some fucking volatility.
Congratulations ScalaFX for coming out of the closet!
  • #795,679
  • Dec 7, 2023 7:39am Dec 7, 2023 7:39am
Come on bulls
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yes yes yes
  • #795,680
  • Dec 7, 2023 7:41am Dec 7, 2023 7:41am
Quoting Headland
{quote} Pat, as a short-term intraday trader it doesn't matter much to me but yeh, it's a feasible scenario, but one amongst many. Only a representative historical sample (s) could tell us whether it's a hi-prob scenario or not, but the theory stacks up. As for MM's playing games that you decsribe, to trap retailers, well that's just an added bonus lol! If they are playing those games/have that plan they are trying to catch bigger fish than us, and why not!? ------------------------------------------------------------------------- ...76.4% of today's...
Mr Headland.
Thanks
I appreciate your perspective and insightful comments.

However, I believe that while market makers may sometimes engage in manipulative practices, it's an exaggeration to say they deserve to explode.

We have to focus on adapting to the market's dynamics and developing effective strategies to navigate its fluctuations.
Market makers are likely to continue utilizing whipsaw techniques to misdirect liquidity, necessitating our vigilance and adaptability.

Ultimately, we must accept the realities of the market and strive to operate within its framework

Best wishes to you and stay green all the way to NFP.

Regards
PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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