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Cable Update (GBPUSD)

  • #834,381
  • Aug 5, 2024 2:18am Aug 5, 2024 2:18am
GBP/USD 5-minute chart: RSI exceeds 50, attention is focused on whether the Candle will exceed the Bos.
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  • #834,382
  • Aug 5, 2024 2:18am Aug 5, 2024 2:18am
Quoting hoda
{quote} Miti, As I saw yesterday's chart. {image}
Yeah, it's better this way. Many pips to you this week.
  • #834,383
  • Aug 5, 2024 2:21am Aug 5, 2024 2:21am
Quoting Pat Chiko
{quote} {quote} GOLD J.T. I'm guessing only this will go on till 2530 zone. I hope it can reach there with some luck. Hope my scalping will bring it up there, sometimes in the future.{image}
holding? IM added at 2420 one more batch
People don't plan to lose. They lose because they don't plan.
  • #834,384
  • Aug 5, 2024 2:28am Aug 5, 2024 2:28am
Quoting ScalaFX
{quote} holding? IM added at 2420 one more batch
taking partials, best protected from today low, lets see war escalades and Gold fly today, G7 warn all that attack can start in 24h
People don't plan to lose. They lose because they don't plan.
  • #834,385
  • Aug 5, 2024 2:29am Aug 5, 2024 2:29am
Quoting ScalaFX
{quote} holding? IM added at 2420 one more batch
What if oil prices rises due to middle east tensions?
  • #834,386
  • Aug 5, 2024 2:32am Aug 5, 2024 2:32am
Quoting Pranjal
{quote} What if oil prices rises due to middle east tensions?
i dont trade oil at all, only majors and Gold, if Iran attack Gold can fly today thats why I added longs
People don't plan to lose. They lose because they don't plan.
  • #834,387
  • Aug 5, 2024 2:34am Aug 5, 2024 2:34am
nice try for stop hunting, and guess what? they succeed
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How much you lose when you are wrong?
  • #834,388
  • Aug 5, 2024 2:37am Aug 5, 2024 2:37am
Pound-dollar: The previous drop was forgotten?
Where are you going?
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  • #834,389
  • Aug 5, 2024 2:39am Aug 5, 2024 2:39am
Quoting HaLBot
{quote} Fuckin A it has been great without that marxist but I'm not gonna let him think that the democrats have any chance on the 5th of november unless they once again steal an election. In a democracy your vote is sacred but Zebi doesn't think so, has no problem with stealing elections. Just like all the lefties who had no problem with a bloke beating the shit out of a woman in the boxing ring at the Paris Olympics. I was a boxer and sparred women but we weren't allowed to hit them back just dodge their punches and work on our defence. I know...
It's indeed scary how the left that always scream about democracy are the biggest criminals in the world. Imaging Scamala Harris getting the 14 million party votes of Joe Biden to run for presidency without any of those 14 million deceived people having a say. These people want democracy when it comes to abortion, sexuality, and all those useless things that are anti human or downright useless. However, when it comes to real issues like gun rights, elections, etc these Democrats become devils.

Zebi doesn't sound like a bad guy. I guess he just likes trolling those of us on the right.
  • #834,390
  • Aug 5, 2024 2:59am Aug 5, 2024 2:59am
Lots of screaming here huh!
Dont worry just stick to your basic, you will survive it.
More time in the market, does not mean you trade better!
  • #834,391
  • Aug 5, 2024 3:03am Aug 5, 2024 3:03am
Quoting Mitiblotch
{quote} It's indeed scary how the left that always scream about democracy are the biggest criminals in the world. Imaging Scamala Harris getting the 14 million party votes of Joe Biden to run for presidency without any of those 14 million deceived people having a say. These people want democracy when it comes to abortion, sexuality, and all those useless things that are anti human or downright useless. However, when it comes to real issues like gun rights, elections, etc these Democrats become devils. Zebi doesn't sound like a bad guy. I guess he...
Thing is I like Trump because he loves his country and some of the other Republican too but then there are the other Republicans just like democrats known as RINOs who don't give a shit about their country.
I use to be a lefty until I woke up to the bullshit they carry on with.
The people who talk about love and understanding and equity etc etc are the most vile violent people out there. All you need to do is watch them at their demonstrations....just filthy.


Anyway doesn't matter, $170 aussie bucks so far today
Don't Leave Money on the Table
  • #834,392
  • Edited 3:14am Aug 5, 2024 3:03am | Edited 3:14am
G/M. A real dump 'n' pump this morning so far price dropping off a cliff for a 1st (false) downside b/o of the asian lo - a move started in Asia, then finding support before a strong bounce back up.

1hr below
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Trader with an Edge.
  • #834,393
  • Aug 5, 2024 3:19am Aug 5, 2024 3:19am
...price @ current dly hi has entered the bottom of the 4hr part of the prev 1hr/4hr sw hi zone that leads up to Fri's hi, = pot res. So, a false 1st upside b/o of the Asian hi now.

4hr below
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Trader with an Edge.
  • #834,394
  • Aug 5, 2024 3:26am Aug 5, 2024 3:26am
Quoting Headland
...price @ current dly hi has entered the bottom of the 4hr part of the prev 1hr/4hr sw hi zone that leads up to Fri's hi, = pot res. So, a false 1st upside b/o of the Asian hi now. 4hr below {image}
first area is the resistance area of 12840 for me if we then break above my interest goes higher lol. If not I will TP at b/e and then short later or switch to Gold
Insane in the Brain..
  • #834,395
  • Aug 5, 2024 3:36am Aug 5, 2024 3:36am
Quoting ScalaFX
{quote} taking partials, best protected from today low, lets see war escalades and Gold fly today, G7 warn all that attack can start in 24h
one more time partials maked their job, how important is taking it. Closed all Gold, I will sell when make new high or touch 2315, too risky now
People don't plan to lose. They lose because they don't plan.
  • #834,396
  • Edited 3:49am Aug 5, 2024 3:36am | Edited 3:49am
Quoting BeeTogether
{quote} first area is the resistance area of 12840 for me if we then break above my interest goes higher lol. If not I will TP at b/e and then short later or switch to Gold
Hi. Yeh that looks like the '1st target' for the bulls doesn't it? I think any buy stops and sell limits got triggered above the Asian hi there @ current dly hi, and that prev sw hi zone up to fri's 2840 hi could contain more supply if tested? 163% 30day adr traveled already today but Dly R1 not reached yet! Good Luck with your trade.

1hr below
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Trader with an Edge.
  • #834,397
  • Aug 5, 2024 3:55am Aug 5, 2024 3:55am
Quoting Headland
{quote} Hi. Yeh that looks like the '1st target' for the bulls doesn't it? I think any buy stops and sell limits got triggered above the Asian hi there @ current dly hi, and that prev sw hi zone up to fri's 2840 hi could contain more supply if tested? 163% 30day adr traveled already today but Dly R1 not reached yet! Good Luck with your trade. 1hr below {image}
cheers mate, so far though we have not cracked 12810 too well, it seem to reject it and we have seen swings below 12800 which makes me think we are seeing a new resistance area.

Going forward there is some Red Sticker data later today but the majority of the week is minimal it seems. could we have just seen the weeks range? As we are still near the end of it that top band may extend a bit.

Geopolitically we could see swings for safer havens if there is an escalation in the middle east added to the economic worries in the US. could be more than a drab week
Insane in the Brain..
  • #834,398
  • Aug 5, 2024 4:01am Aug 5, 2024 4:01am
Quoting BeeTogether
{quote} cheers mate, so far though we have not cracked 12810 too well, it seem to reject it and we have seen swings below 12800 which makes me think we are seeing a new resistance area. Going forward there is some Red Sticker data later today but the majority of the week is minimal it seems. could we have just seen the weeks range? As we are still near the end of it that top band may extend a bit. Geopolitically we could see swings for safer havens if there is an escalation in the middle east added to the economic worries in the US. could be more...
Yeh, interesting that despite the strong fall in late asia/early london price found support in the pot supp zone that leads down to Fri's /last week's lo, and same @ top after the strong bounce up - ie sellers met in the pot res zone leading up to Fri's hi...so for now price is trapped inside Fri's dly candle.
As you say, we could well see some 'safe-haven' flows if the Middle-east thing escalates as it seems almost certain to do, and the $ may be a beneficiary of this.
Trader with an Edge.
  • #834,399
  • Aug 5, 2024 4:17am Aug 5, 2024 4:17am
Long 1.2760 SL 1.2750
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #834,400
  • Aug 5, 2024 4:20am Aug 5, 2024 4:20am
...rangy consolidation now on 30min/1hr?

1hr below
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Trader with an Edge.
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