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Cable Update (GBPUSD)

  • #830,881
  • Jul 1, 2024 1:46am Jul 1, 2024 1:46am
Added short at 12680
Insane in the Brain..
  • #830,882
  • Jul 1, 2024 1:56am Jul 1, 2024 1:56am
buys aren't on yet

think its more a sell market, potential to wick last weeks high unfinished auction first-- but i'd be a seller today

targeting last weeks low, or 1.26

again, 1.26 or below for me is a hard buy to 1.29. Low may be made Mon-Weds, perhaps on JOLTS or ADP

DXY appears to be heading for a weak low from prior weeks
Holding out for a resolution of 1.2707 CME price first
Eurodollar has large offers waiting overhead.

It may not get that last weeks high first-- we'll see. its a strong high and may be defended.
  • #830,883
  • Jul 1, 2024 1:56am Jul 1, 2024 1:56am
With 1.27333 still lurking around I won't short for now until 1.27 plays the resistance and stays strengthen. Mondays can be generally one way
Keep the Lights on then you can catch the rise from the dark.
  • #830,884
  • Jul 1, 2024 2:07am Jul 1, 2024 2:07am
Long here. Tidy
Emotional Control. Process, not outcome.
  • #830,885
  • Jul 1, 2024 2:09am Jul 1, 2024 2:09am
Quoting ricmaj
With 1.27333 still lurking around I won't short for now until 1.27 plays the resistance and stays strengthen. Mondays can be generally one way
Long at 1.26704 tp 1.270004 sl 10pips
Keep the Lights on then you can catch the rise from the dark.
  • #830,886
  • Jul 1, 2024 2:19am Jul 1, 2024 2:19am
Quoting BeeTogether
{quote} true, also a great area to short from too
Right bro.
We arrived the key zone.
Opportunity for trading is coming. Patient a little bit more and we will know whether it is Buy or Sell.
With courage, patience, and discipline, success is a matter of time.
  • #830,887
  • Jul 1, 2024 2:30am Jul 1, 2024 2:30am
Quoting Konichiwhaat
Long here. Tidy
Add
Emotional Control. Process, not outcome.
  • #830,888
  • Jul 1, 2024 2:38am Jul 1, 2024 2:38am
Gap trade. Could've also shorted GU but i didn't.
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  • #830,889
  • Jul 1, 2024 2:38am Jul 1, 2024 2:38am
Quoting fontu
Usdx starts tanking at the begining , so analysis must change for alternative pathways , all extremes play likely then! Take care Gbpusd pa now , signal 2679 , limit down for up 2666 . Support may over 2666. Limit breaks will take top failure . {image} {image}
Watching for 2666 limit if breaks , if so then bounce to breakout 2660 possible for down further. Take care

Quoting BeeTogether
{quote} GU rising really quickly.. if I’m not mistaken there isn’t much data for today either. 126 not today then
May wanted a great twist/ fakeout or stops hunting maneuver keeping all analyses intact for down still , so watching 2666 breaks
Broken limit , so 2660 breakout may to bottom and bear continue as per weekend analyses. Waiting
Now H1 close below 2654 may have enough thrust for 2630 play !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #830,890
  • Jul 1, 2024 2:53am Jul 1, 2024 2:53am
Quoting Konichiwhaat
{quote} Add
...and a third. Now to walk away and come back in an hour, see if I'm still alive
Emotional Control. Process, not outcome.
  • #830,891
  • Edited 4:24am Jul 1, 2024 3:09am | Edited 4:24am
Quoting Headland
{quote}....Just idle speculation here, but I wonder if those 4 x 4Hr attempts on, and failure to get south of, the wide prev 4hr/dly/minor wkly sw hi zone = prev res = pot rbs that starts @ 2634, and the falling wedge pattern on the dly t/f, (see my post above for dly t/f chart,) is suggestive of more upside to start the week? ...
G/M, a strong upside move to start the week with asian hi higher than Fri's hi and then the early London market continued the buying to a current dly hi above both. Price then encountered supply @ the prev 1hr/4hr sw hi zone that extends up to 1st 2693, then 2696, = prev res = pot res / 3 fib cluster, and just touching bottom of the dly part of the prev 1hr/4hr/dly sw hi zone that extends up to 2702 (last LH on dly t/f.)

1hr below
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Trader with an Edge.
  • #830,892
  • Jul 1, 2024 3:29am Jul 1, 2024 3:29am
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yes yes yes
  • #830,893
  • Jul 1, 2024 3:44am Jul 1, 2024 3:44am
...no upside or downside progress either way on last week's hi or lo respectively yet - so early into the new week. Chart below shows where the pot rbs is that price bounced from after the strong move down from current dly hi to current p/back lo, of the day's current main up-move. Wkly R1 just above current dly hi.

4hr below
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Trader with an Edge.
  • #830,894
  • Jul 1, 2024 3:49am Jul 1, 2024 3:49am
Quoting Headland
...no upside or downside progress either way on last week's hi or lo respectively yet - so early into the new week. Chart below shows where the pot rbs is that price bounced from after the strong move down from current dly hi to current p/back lo, of the day's current main up-move. Wkly R1 just above current dly hi. 4hr below {image}
looks like a ranging morning from EU open to LO highs
Insane in the Brain..
  • #830,895
  • Jul 1, 2024 4:27am Jul 1, 2024 4:27am
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yes yes yes
  • #830,896
  • Jul 1, 2024 4:48am Jul 1, 2024 4:48am
Nice system
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yes yes yes
  • #830,897
  • Jul 1, 2024 4:52am Jul 1, 2024 4:52am
Quoting Konichiwhaat
{quote} ...and a third. Now to walk away and come back in an hour, see if I'm still alive
Add forth
Emotional Control. Process, not outcome.
  • #830,898
  • Jul 1, 2024 4:58am Jul 1, 2024 4:58am
Quoting Moty
Nice system {image}
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Emotional Control. Process, not outcome.
  • #830,899
  • Jul 1, 2024 5:05am Jul 1, 2024 5:05am
bears need 12665-12670 to break for a move back towards the weekly opening. Bulls dont need much they look in cruise control
Insane in the Brain..
  • #830,900
  • Jul 1, 2024 5:10am Jul 1, 2024 5:10am
EU nice when fill all, protecting best now
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