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Cable Update (GBPUSD)

  • #832,561
  • Jul 17, 2024 3:20am Jul 17, 2024 3:20am
Quoting ScalaFX
{quote} add 3010
At least wait for a structure change, still flat waiting for one to go short, but sh*t keep rising.

Gold looks like it will visit either 2450 or 2500, which ever comes first, buy/sell respectively.
The former is expected to unfold first, since mss on 15min, then to 2500.
More time in the market, does not mean you trade better!
  • #832,562
  • Jul 17, 2024 3:38am Jul 17, 2024 3:38am
..price has reached 161.8% ext of the 2860-2612 move. Up above current price is a prev 1hr sw lo zone = prev supp = pot sbr, with Dly R3 @/around 3031 running thru it. Mthly R3 is @/around 3046 - where 176.4% ext of said move is, with Wkly R1 @/around 3060. The 200% ext of that move is 3110.

1hr below
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Trader with an Edge.
  • #832,563
  • Jul 17, 2024 3:39am Jul 17, 2024 3:39am
Looks like no drop until 13050 move is relentless
Insane in the Brain..
  • #832,564
  • Jul 17, 2024 3:40am Jul 17, 2024 3:40am
Sold GU 1.3022... target 1.2922.. stop 1.3060.
Data + Stat + Risk/Emotions Management
  • #832,565
  • Jul 17, 2024 3:46am Jul 17, 2024 3:46am
3033 first main ext and historical weekly resistance.
Compulsions can be hard to resist
  • #832,566
  • Jul 17, 2024 3:48am Jul 17, 2024 3:48am
Quoting Georginson
Sold GU 1.3022... target 1.2922.. stop 1.3060.
12922 is 100 over my Be but I’d take it as there is a move to 131 in play
Insane in the Brain..
  • #832,567
  • Jul 17, 2024 3:48am Jul 17, 2024 3:48am
oh damn i got trapped at 1.3. this quick move looks like it got legs to run
  • #832,568
  • Jul 17, 2024 3:49am Jul 17, 2024 3:49am
Quoting Fardeen1209
{quote} At least wait for a structure change, still flat waiting for one to go short, but sh*t keep rising. Gold looks like it will visit either 2450 or 2500, which ever comes first, buy/sell respectively. The former is expected to unfold first, since mss on 15min, then to 2500.
Has not retraced that much...doesn't look like it wants to even hit the 38% retrace. Guessing its just too bullish.
  • #832,569
  • Jul 17, 2024 3:51am Jul 17, 2024 3:51am
easy money
shame i lost all my equity on short gold yesterday
i hope i will be back soon
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yes yes yes
  • #832,570
  • Jul 17, 2024 3:54am Jul 17, 2024 3:54am
Quoting Georginson
Sold GU 1.3022... target 1.2922.. stop 1.3060.
It's extending further
  • #832,571
  • Jul 17, 2024 3:54am Jul 17, 2024 3:54am
Quoting eyefeelsix
{quote} sorry without chart before ( don't have time, 15 minutes before news ) I have 3 different targets, but it all depends on volatility and market behavior itself, I could exit prematurely or even release all my profit targets {image}
1.30 broken, it's not good ide for reversal trading, careful everyone
https://breakpullback.com
  • #832,572
  • Jul 17, 2024 3:56am Jul 17, 2024 3:56am
Quoting Moty
easy money shame i lost all my equity on short gold yesterday i hope i will be back soon {image}
You will be back Moty.
  • #832,573
  • Jul 17, 2024 3:58am Jul 17, 2024 3:58am
Retest back to 1.30 then fly to 1.31 is more possible scenario. Trend is your friend
With courage, patience, and discipline, success is a matter of time.
  • #832,574
  • Jul 17, 2024 3:59am Jul 17, 2024 3:59am
Quoting Yngwie
Sold 1.3016 SL 1.3046
add short 1.3029 SL 1.3050
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #832,575
  • Jul 17, 2024 4:00am Jul 17, 2024 4:00am
...solid 4hr bullish close on the gmt+3 price feed. My Dly oscillators have moved into o/b territory as of y/day. Dly R3 reached @ current dly hi - 107% of 30day adr.

4hr below
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Trader with an Edge.
  • #832,576
  • Jul 17, 2024 4:01am Jul 17, 2024 4:01am
Start short 1.3030
  • #832,577
  • Jul 17, 2024 4:03am Jul 17, 2024 4:03am
mf !!!!!!!!
yesterday when i took short , you ranged
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yes yes yes
  • #832,578
  • Jul 17, 2024 4:03am Jul 17, 2024 4:03am
Quoting SmallGains
{quote} Has not retraced that much...doesn't look like it wants to even hit the 38% retrace. Guessing its just too bullish.
38% is too much. comes with large DD. The larger the DD, the lower the reward to risk. A 1:10 trade, is diminished to 1:3.
we need a shift in market structure(MSS) on lower timeframe, 15mins and above, this increases the probability for retracement. This way, you dont get caught trying to catch the top.
As for the MSS, you just need to make sure whether it is an actual MSS on 15mins/30mins or BO/RT with inducement (on higher timeframe, 1hr/4hr).
More time in the market, does not mean you trade better!
  • #832,579
  • Jul 17, 2024 4:08am Jul 17, 2024 4:08am
Quoting Georginson
Sold GU 1.3022... target 1.2922.. stop 1.3060.
How on earth is anyone still shorting GU...
  • #832,580
  • Jul 17, 2024 4:11am Jul 17, 2024 4:11am
My buy entry on London open...
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