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Cable Update (GBPUSD)

  • #833,821
  • Jul 31, 2024 3:37am Jul 31, 2024 3:37am
What a drop in Geppy

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  • #833,822
  • Jul 31, 2024 3:38am Jul 31, 2024 3:38am
G/M, bearish-bodied 'inside' candle y/day on the dly. So far today, a 1st downside b/o of Asian lo right now, price challenging the prev 1hr/4hr sw lo zone = pot supp down to y/day's lo.

1hr below
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Trader with an Edge.
  • #833,823
  • Jul 31, 2024 3:38am Jul 31, 2024 3:38am
Quoting knkie
{quote} good. its best to be vigilant. Traders that are arrogant and convinced of their prediction powers lose in the end.
or dumbasses like me get ass whooped too often..
Insane in the Brain..
  • #833,824
  • Jul 31, 2024 3:55am Jul 31, 2024 3:55am
Maybe this will be enough fuel for 129? Not sure
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Insane in the Brain..
  • #833,825
  • Jul 31, 2024 4:08am Jul 31, 2024 4:08am
i think below 1.2820 is further.... Cz last 2 days correction upto 1.2867 is X wave and if doesnt go up then it will go for further correction
  • #833,826
  • Jul 31, 2024 4:09am Jul 31, 2024 4:09am
...bearish engulfing on last gmt/utc +3 4hr close a few mins ago, but with a lower wick..... 1hr and 4hr general downtrends are still intact. Looking to the downside -Wkly S2 is @/around 2788.

4hr below, (with 10/20/40 ema crosses graphic,) -then- downside fibs graphic.
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Attached Image
Trader with an Edge.
  • #833,827
  • Jul 31, 2024 4:17am Jul 31, 2024 4:17am
Hourly chart, price has been tracking for most of the time since 24 July below the hourly 100ma(aqua line)....
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Don't Leave Money on the Table
  • #833,828
  • Jul 31, 2024 4:29am Jul 31, 2024 4:29am
Critical time , watching for action !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #833,829
  • Jul 31, 2024 4:30am Jul 31, 2024 4:30am
...30min very 'wicky' in lower 1/2 of the steep drop down to current dly lo from Asian/current dly hi.

30min below
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Trader with an Edge.
  • #833,830
  • Jul 31, 2024 4:42am Jul 31, 2024 4:42am
...so, downside breaks of Asian lo have so far been false, and Y/day lo remains intact for now. Significant (from at first an intraday perspective,) or too early to tell?

1hr below
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Trader with an Edge.
  • #833,831
  • Jul 31, 2024 4:49am Jul 31, 2024 4:49am
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  • #833,832
  • Jul 31, 2024 4:50am Jul 31, 2024 4:50am
Quoting Headland
...so, downside breaks of Asian lo have so far been false, and Y/day lo remains intact for now. Significant (from at first an intraday perspective,) or too early to tell? 1hr below {image}
yes, too early to tell.

But 2806 may hold.
Intraday only.
  • #833,833
  • Jul 31, 2024 5:27am Jul 31, 2024 5:27am
Quoting genadi
What a drop in Geppy {image}
Yes, I collected all of them
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Intraday Trading is an Art _ hoda
  • #833,834
  • Jul 31, 2024 5:29am Jul 31, 2024 5:29am
...are/is so-called month-end flows/squaring/book-balancing going on? Back in the dim and distant when I traded for a bank there was such a thing - not so much on the prop desk, if at all, ( unless we were horribly exposed to one side - that got the risk bods all hot and bothered,) but more on the client desk. When @ a hedge fund, we never did. We were in the positions we were in regardless of what date it was. So I don't really know if it is a thing still, across the institutions/big money?
Trader with an Edge.
  • #833,835
  • Jul 31, 2024 6:09am Jul 31, 2024 6:09am
Quoting hoda
{quote} Yes, I collected all of them {image}
hey
Too much
Intraday only.
  • #833,836
  • Jul 31, 2024 6:24am Jul 31, 2024 6:24am
Quoting navk
{quote} hey Too much
I'm not the type of person to pass up an opportunity
Intraday Trading is an Art _ hoda
  • #833,837
  • Edited 9:30am Jul 31, 2024 7:03am | Edited 9:30am
Eurusd likely test 0810 and if so then this time expecting price below 2820 in retesting 2800! Waiting

Checking usdx to see what happening , failed correction up attempt, next likely further down before c wave up as far possible , may next days ! So bottom test or breaks for eu , gu will not easily happen ! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #833,838
  • Jul 31, 2024 7:32am Jul 31, 2024 7:32am
My thoughts on FOMC and BoE this week. could be wrong. Not expecting huge moves today unless there is a dovish tone from Fed tonight
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Insane in the Brain..
  • #833,839
  • Jul 31, 2024 8:54am Jul 31, 2024 8:54am
Nice pullback having reached the hourly 100ma and bounced of it, another buying oppotunity maybe with US data at the top of the hour
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Don't Leave Money on the Table
  • #833,840
  • Jul 31, 2024 8:59am Jul 31, 2024 8:59am
Quoting BeeTogether
My thoughts on FOMC and BoE this week. could be wrong. Not expecting huge moves today unless there is a dovish tone from Fed tonight {image}

Beetogether this is known as a forex fork in the road
Don't Leave Money on the Table
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