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Cable Update (GBPUSD)

  • #815,861
  • Mar 13, 2024 6:43am Mar 13, 2024 6:43am
Quoting DrDave
{quote} And that is where multi-TF analysis provides benefits in seeing how far counter moves have progressed upward through the TFs and then FOLLOWING where price goes instead of trying to anticiapte (essentially guess) where it will go.
There is another way to (guess) where it will go
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #815,862
  • Mar 13, 2024 6:44am Mar 13, 2024 6:44am
DXY H1
TRENDLINES

So what now....we have arrived in the support zone
waiting for H1 to close...
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #815,863
  • Mar 13, 2024 6:46am Mar 13, 2024 6:46am
Quoting Bones
{quote} There is another way to (guess) where it will go
the first job is to find someone in the top 5%
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #815,864
  • Mar 13, 2024 6:46am Mar 13, 2024 6:46am
Quoting josip
DXY H1 TRENDLINES So what now....we have arrived in the support zone wait for H1 to close... {image}
I'm waiting for next usd news
Teerex
  • #815,865
  • Mar 13, 2024 6:47am Mar 13, 2024 6:47am
Quoting DrDave
{quote} Is this bullish or not? {image}
What time frame is that
average dude treading water
  • #815,866
  • Mar 13, 2024 6:51am Mar 13, 2024 6:51am
Eur is in the drivers seat
Teerex
  • #815,867
  • Mar 13, 2024 6:52am Mar 13, 2024 6:52am
Wow...lucky i closed at perfect time..
Add short 2801
Now have 2 short
Will add at 2815 2830
Perfect price to bounce down 100pips
dont teach me how to buy. im sellers!!
  • #815,868
  • Mar 13, 2024 6:53am Mar 13, 2024 6:53am
1.27705 is the TP from my side. Long way down. Making more entries towards the top.
  • #815,869
  • Mar 13, 2024 6:56am Mar 13, 2024 6:56am
Quoting TraderFX.Id
{quote} So you analysed gbpxxx will be bullish?
189.5 hit

I expect the high of the week to form tomorrow
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #815,870
  • Edited 10:23am Mar 13, 2024 6:57am | Edited 10:23am
Quoting Bones
{quote} the first job is to find someone in the top 5% {image}
Then mark their chart up contrarian, and add a diagonal line with a time factor built in, to be above the top 5% of some traders' open-ended targets.
If you think about it, by using the contrarian logic on the top 5%, you would be in the top 1%.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #815,871
  • Mar 13, 2024 7:00am Mar 13, 2024 7:00am
Quoting Iansco
{quote} 189.5 hit I expect the high of the week to form tomorrow
Nice , congrats
dont teach me how to buy. im sellers!!
  • #815,872
  • Mar 13, 2024 7:01am Mar 13, 2024 7:01am
I think price will test the swing high area or at least attempt to test that high, and then eventually fall back below 1.27569
  • #815,873
  • Mar 13, 2024 7:06am Mar 13, 2024 7:06am
Quoting TraderFX.Id
Wow...lucky i closed at perfect time.. Add short 2801 Now have 2 short Will add at 2815 2830 Perfect price to bounce down 100pips
If the D1 bar closes above 2833 it is a very powerful Bull move.
so be vigilant with shorts i that zone.

just my 3 cnts
in wondering about yourself, you forgot what you came here to be part of
  • #815,874
  • Mar 13, 2024 7:08am Mar 13, 2024 7:08am
Quoting sharingan9
I think price will test the swing high area or at least attempt to test that high, and then eventually fall back below 1.27569
If the test fail i will find another pair to shorr because gu will fly to 1.3
dont teach me how to buy. im sellers!!
  • #815,875
  • Mar 13, 2024 7:09am Mar 13, 2024 7:09am
Quoting Bones
{quote} There is another way to (guess) where it will go
If you are referring to my system of "guessing", then I must be the luckiest guesser in the world!
To free Gazans of Hamas, use whatever it takes.
  • #815,876
  • Mar 13, 2024 7:11am Mar 13, 2024 7:11am
Quoting MIKKI
{quote} What time frame is that
I left off any reference to TF on purpose. You should know by now why.
To free Gazans of Hamas, use whatever it takes.
  • #815,877
  • Mar 13, 2024 7:11am Mar 13, 2024 7:11am
Quoting knkie
{quote} If the D1 bar closes above 2833 it is a very powerful Bull move. so be vigilant with shorts i that zone. just my 3 cnts
Agree that 2830-40 is area where bull and bear fighting hard
dont teach me how to buy. im sellers!!
  • #815,878
  • Mar 13, 2024 7:17am Mar 13, 2024 7:17am
Hoda my indi man I know by now you might have printed enough $ I salute you
  • #815,879
  • Mar 13, 2024 7:25am Mar 13, 2024 7:25am
Quoting DrDave
{quote} Is this bullish or not? {image}
all depends on timeframe...
  • #815,880
  • Mar 13, 2024 7:26am Mar 13, 2024 7:26am
Quoting knkie
{quote} If the D1 bar closes above 2833 it is a very powerful Bull move. so be vigilant with shorts i that zone. just my 3 cnts
I don't think that is very likely.

I find it more likely that the H6 will play out something like below, which can very well have D1 close above 1.2833 yet simply be part of a down move, not a strong bull move.
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To free Gazans of Hamas, use whatever it takes.
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