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Cable Update (GBPUSD)

  • #834,621
  • Aug 7, 2024 2:49am Aug 7, 2024 2:49am
Quoting SabkaBaap
Blind buy- in long 1.2703 Golden buy levels… pullback is over, liquidity grabbed on 4H at 1.2680…. Now up up & up sl-1.2670 tp1-1.2840 tp2-1.2920 tp3-1.3090
interesting.. not to say we won’t get there but it’s a big move up you have dialled in. Especially as we are only 30 pips off the bottom seen yesterday. If it works out great at least from a risk reward.
Insane in the Brain..
  • #834,622
  • Edited 3:13am Aug 7, 2024 2:59am | Edited 3:13am
G/M, big > 30day adr bearish candle on the dly y/day all the way down to that 4 fib cluster ( 3 shown on chart below,) where support was encountered @ y/day's lo/current wkly lo. There will be a 2nd LL now on dly, @ y/day's lo or lower.

dly below
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Trader with an Edge.
  • #834,623
  • Aug 7, 2024 3:04am Aug 7, 2024 3:04am
why Andean oscillator is so good , it detected false signal
for long , i was needed to wait for bulls blue line to go above at least 1 of the other lines
and for red at least to go below the orange line
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yes yes yes
  • #834,624
  • Aug 7, 2024 3:06am Aug 7, 2024 3:06am
...price in early London trading has remained within the Asian session pip range, (which is within y/day's dly candle,) the extremes of which are also the current dly hi and lo. Recovery attempts off y/day's lo were met with supply @ the prev 1hr/4hr sw lo zones = pot sbr, 1st y/day, (now a prev 1hr sw hi zone = pot res,) and now twice so far today.

4hr (with 10/20/40 ema crosses graphic) /1hr below
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Trader with an Edge.
  • #834,625
  • Aug 7, 2024 3:23am Aug 7, 2024 3:23am
Quoting BeeTogether
{quote} interesting.. not to say we won’t get there but it’s a big move up you have dialled in. Especially as we are only 30 pips off the bottom seen yesterday. If it works out great at least from a risk reward.
True, 200k prop acc with 10% dd allowed, 5 lot buy with 30 pip SL is worth the bet
  • #834,626
  • Aug 7, 2024 3:29am Aug 7, 2024 3:29am
...so Dly is at least bearish if not in a general downtrend, 4hr is in a general downtrend, 1hr probably too, although consolidatory right now. Bulls have a lot of pot sbr to get thru to the upside, and this extends to the dly t/f re that prev minor sw lo zone on that t/f (and lower,) that starts @ 2706.

Re the Bears; Dly S2 is down @/around 2642, Mthly S1 @/around 2632, and Wkly S2 @/around 2619, and the next prev sw lo on 4hr and dly = pot supp to the downside is the one [s] that extends down to 2612, and this is coexistent @ bottom of it with a prev dly/minor wkly sw hi zone, (2612 then 2615 being the 1st tests of it as pot rbs.)

Fibs graphic below
Attached Image
Trader with an Edge.
  • #834,627
  • Aug 7, 2024 4:01am Aug 7, 2024 4:01am
...2 x fairly indecisive 4hr closes on now on gmt/utc+3 price feed.

4hr below
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Trader with an Edge.
  • #834,628
  • Aug 7, 2024 4:18am Aug 7, 2024 4:18am
GBPUSD

H1 subdivisions on M15 as on chart

Impulse/correction/Impulse/correction/Impulse makes this a possible 5 wave triangle correction for a short trade and looks like 3-3-3-3-3 as it should according to the theory

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #834,629
  • Aug 7, 2024 4:30am Aug 7, 2024 4:30am
Quoting ScalaFX
{quote} time to take nice partials, best profit this year probably rest free ride, lets go BTC
best trade this year so far and best gains, taking now 80% of all positions becouse we are arriving to huge OB, rest protected off course and maybe hit 75000
People don't plan to lose. They lose because they don't plan.
  • #834,630
  • Aug 7, 2024 4:46am Aug 7, 2024 4:46am
Quoting pipfarm
GBPUSD H1 subdivisions on M15 as on chart Impulse/correction/Impulse/correction/Impulse makes this a possible 5 wave triangle cor
rection for a short trade and looks like 3-3-3-3-3 as it should according to the theory {image}

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #834,631
  • Aug 7, 2024 4:46am Aug 7, 2024 4:46am
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #834,632
  • Aug 7, 2024 4:51am Aug 7, 2024 4:51am
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #834,633
  • Aug 7, 2024 4:55am Aug 7, 2024 4:55am
...the 1hr/30min/15min ranginess has been 'tightening' A b/o (one way or the other) required!

1hr below
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Trader with an Edge.
  • #834,634
  • Aug 7, 2024 4:59am Aug 7, 2024 4:59am
https://www.independent.co.uk/news/w...-b2592386.html
Holding buys Gold and added few more
People don't plan to lose. They lose because they don't plan.
  • #834,635
  • Aug 7, 2024 5:05am Aug 7, 2024 5:05am
Quoting Moty
why Andean oscillator is so good , it detected false signal for long , i was needed to wait for bulls blue line to go above at least 1 of the other lines and for red at least to go below the orange line {image}
The right entry was supposed to be from 186.820 to 188 , 118 pips
I closed a large part of my position to get some profit insured
Yes yes yes
I love 200 $ profit in the morning
And to think that i eas suppose to be funded tomorrow
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yes yes yes
  • #834,636
  • Aug 7, 2024 5:09am Aug 7, 2024 5:09am
... B/O ?

30min below
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Trader with an Edge.
  • #834,637
  • Aug 7, 2024 5:19am Aug 7, 2024 5:19am
Quoting pipfarm
{quote} {image}
Does riots in UK affect your daily life?
  • #834,638
  • Aug 7, 2024 5:27am Aug 7, 2024 5:27am
Quoting genadi
{quote} Does riots in UK affect your daily life?
I wonder what is the best place to loot during a riot?
More time in the market, does not mean you trade better!
  • #834,639
  • Aug 7, 2024 5:34am Aug 7, 2024 5:34am
...it's a pretty 'crowded' playing field re potential supp to the downside, and potential res/sbr to the upside - both on 1hr and 4hr right now. 4th 30min attempt to get north of the Asian/current dly hi happening now?

1hr below
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Trader with an Edge.
  • #834,640
  • Aug 7, 2024 5:38am Aug 7, 2024 5:38am
Quoting Fardeen1209
{quote} I wonder what is the best place to loot during a riot?
Do you live in UK?
I thought you were making a lot of money trading FX, so looting is not an option for you.

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