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Cable Update (GBPUSD)

  • #797,841
  • Dec 19, 2023 6:22am Dec 19, 2023 6:22am
Quoting Headland
...price between a prev minor 1hr sw hi zone = prev res = pot res / 2 x 50% fibs -and- a prev 1hr/ 4hr sw hi zone = prev res = pot rbs. Which will give first? 87% 30day adr traveled so far today lo-hi. 1hr below {image}
So price resolved to the upside, (some helpful 5min bullish hidden div there as it tested the prev 1hr/4hr sw zone = pot rbs) ....was probably likely given price still inside 30day adr there and the strong intraday up-move so far?

1hr below
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Trader with an Edge.
  • #797,842
  • Dec 19, 2023 6:25am Dec 19, 2023 6:25am
Alright was out on holidays for last week: first trade sell here at 1.27240 sl tp 20
Extreme gut feeling trader
  • #797,843
  • Dec 19, 2023 6:25am Dec 19, 2023 6:25am
Quoting Headland
{quote} So price resolved to the upside, (some helpful 5min bullish hidden div there a sit tested the prev 1hr/4hr sw zone = pot rbs....was probably likely given price still inside 30day adr there and the strong intraday up-move so far? 1hr below {image}
maybe crack the purple and we have 128 in sight again. this time it may go well over.
Insane in the Brain..
  • #797,844
  • Dec 19, 2023 6:30am Dec 19, 2023 6:30am
Attached Image (click to enlarge)
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yes yes yes
  • #797,845
  • Dec 19, 2023 6:31am Dec 19, 2023 6:31am
Bears will come..
heavily
  • #797,846
  • Dec 19, 2023 6:31am Dec 19, 2023 6:31am
Quoting BeeTogether
{quote} maybe crack the purple and we have 128 in sight again. this time it may go well over.
Hi. That is only a prev 30min minor sw lo zone = prev supp = pot sbr so could well happen, although there are still potentially stronger obstacles above it? Time will tell. 100% 30day adr just about reached now.
Trader with an Edge.
  • #797,847
  • Dec 19, 2023 6:32am Dec 19, 2023 6:32am
Quoting ricmaj
we go again bull gang buy @ 1.26534 sl 30pips tp 1.27234
The bull gang made it we wait for breakout of 1.27330 to reignite
Keep the Lights on then you can catch the rise from the dark.
  • #797,848
  • Dec 19, 2023 6:35am Dec 19, 2023 6:35am
Big bullish move this week until next week . Holiday carry trade. Ciao
Ret
  • #797,849
  • Dec 19, 2023 6:36am Dec 19, 2023 6:36am
Quoting Ferna
Guys i would listen to Nubcake. he is one of the few legendary Sannins still alive on this website. you already chased away some Wall Street guys, Caleb, a few quants, basically everyone u could learn from. don’t make the same mistake with Nubcake.
All people are asking is a bit of basic civility.
  • #797,850
  • Dec 19, 2023 6:38am Dec 19, 2023 6:38am
Quoting Ferna
Guys i would listen to Nubcake. he is one of the few legendary Sannins still alive on this website. you already chased away some Wall Street guys, Caleb, a few quants, basically everyone u could learn from. don’t make the same mistake with Nubcake.
I beg to differ. Caleb chased 'himself' away by being an ass!
This forum tolerates just about anything else.
  • #797,851
  • Dec 19, 2023 6:39am Dec 19, 2023 6:39am
Quoting MrFanciful
{quote} All people are asking is a bit of basic civility.
Absolutely, well said. I for one have nothing to learn from anyone with an attitude like his, and so have had him on ignore for some time. He may be the best trader in the world, but I'd rather die in ignorance than put up with his nonsense. Life's too short.
Trader with an Edge.
  • #797,852
  • Dec 19, 2023 6:44am Dec 19, 2023 6:44am
mentioned it could test this level this morning. waiting for some signal on the volume before selling. between 1.2730-40
GL
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  • #797,853
  • Dec 19, 2023 6:45am Dec 19, 2023 6:45am
...so per 3 candle fractal swing analysis, 5min/15min/30min all in general uptrends, 1hr rangy but with a strong (intraday so far) upmove, 4hr/dly still in general uptrends, wkly may be @ the beginning of one? This is the current state of play. > 100% 30day adr reached now lo-hi.

Price testing bottom of that prev 30min minor sw lo zone thru which 2 x upside 61.8% fibs run.

1hr below
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Trader with an Edge.
  • #797,854
  • Dec 19, 2023 6:51am Dec 19, 2023 6:51am
Quoting footprint
mentioned it could test this level this morning. waiting for some signal on the volume before selling. between 1.2730-40 GL {image} {image}
how long have you been trading? Just courius, no offense, good analysis
People don't plan to lose. They lose because they don't plan.
  • #797,855
  • Dec 19, 2023 6:54am Dec 19, 2023 6:54am
...the 4hr bullish hidden div @ y/day's lo is on chart below. 61.8% of the 2794-2628 drop reached @ current dly hi. The bulls are really 'on one' today! Dly R2 just above current dly hi.

4hr below
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Trader with an Edge.
  • #797,856
  • Dec 19, 2023 6:56am Dec 19, 2023 6:56am
I'm calling it quits. From £1344 this morning to £309. I guess I haven't turned a corner.
  • #797,857
  • Dec 19, 2023 6:56am Dec 19, 2023 6:56am
the weekly is bullish as predicted last week
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #797,858
  • Dec 19, 2023 6:57am Dec 19, 2023 6:57am
GU approaches projected DRE for today between 1.2735 and 1.2751. Yesterday we had NR4 bar so increased volatility can get the price higher. If my labeling is what the market is doing, the second leg down in a zig-zag pattern (5-3-5) can currently occur to AB=CD @1.2568. There is always the chance that the market is doing something I don't recognize at the moment.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #797,859
  • Dec 19, 2023 6:59am Dec 19, 2023 6:59am
First trade for the week.

1.2737 short
  • #797,860
  • Dec 19, 2023 6:59am Dec 19, 2023 6:59am
Quoting ScalaFX
{quote} how long have you been trading? Just courius, no offense, good analysis
about 14 years, only seriously for the last 4.

i think its sell time
could be wrong usual caveat!!
if it breaks significantly above 1.2740 i will reconsider.
target is around 1.2610-20
edit-stretch target 1.2580. i think its doable.
if we start breaking above 1.2750 forget it , probably going to retest highs in that scenario
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