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Cable Update - Continued 105 replies

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Cable Update (GBPUSD)

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Success is not final, failure is not fatal... - Winston Churchill
Quoting ScalaFX
Im buying now 3178, will add to 3150 for 3300
best protected
People don't plan to lose. They lose because they don't plan.
...@ y/day's lo - were the bulls just triggering the stops below Tuesday's lo for liquidity, before a next move up,? or is there more downside to come? Price challenging a prev 1hr sw lo zone = pot sbr, right now.

1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Headland
...@ y/day's lo - were the bulls just triggering the stops below Tuesday's lo for liquidity, before a next move up,? or is there more downside to come? Price challenging a prev 1hr sw lo zone = pot sbr, right now. 1hr below {image}
million dollar question, however if the US data is green then we could see a move towards the 13120 area that Miti has mentioned. Red data should help accelerate that to 133. We usually have one day a week for a correction/retrace before continuing so maybe yesterday was that. 13160 still remains support as it’s not been broken. Also it seems resistance at 132 break above we move towards the days highs
Insane in the Brain..
I think it's a mixed picher at the moment moving averages are all pointing to short at 5 min 30 min
and 1 hr and 4hr seems to be also moving towadrs short so i will not comit to eather way till the news.
...yeh, as others have noted, the upcoming all important U.s GDP data could shake things up a bit. Currently price trades between pot 30min res & pot 1hr sbr -and- pot 1hr supp & pot 1hr/4hr supp.

1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
takes some doing, he ain't never coming back, the budget is going to be ugly
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#doyourownanalysisordietryin
1H GU red only retrace can be. In EU red only reatrace. It means long trend 1 h,last trend 1 h started 8 aug it was green.I dont know how long 1h trend can be.If look 4 H its even not startred, but very close to start.It still green.
Gu started 1 H 28 aug in the morning lets say early morning.
Its heavy trend.I see 1 H in facto its 4 H.And 4 H its in facto daily trend. I speak about heavy trend. If look daily ,channel green and goes up,channel lines go up.On daily it looks like retrace,its difficult to reverse this channel,de facto its weekly.it starts 25 apr
30 mins till the US data we still hovering around the day’s opening area.
Insane in the Brain..
4 H eu changed red,its de facto daily,but i stayed now at second low line,retrace can be,or cannot, but possible retrace i can say it s for long period.gu stays green 4h.
Goldi go down mf
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looks as though GU is going to 1.3110 i am short from .3170
Data seems mixed so the initial drop is good may rise back to 132 not sure
Insane in the Brain..
Quoting BeeTogether
Data seems mixed so the initial drop is good may rise back to 132 not sure
Yeh, initial knee-jerk drop but demand encountered @ the 23.6% of the 2798-3266/67 move

Dly below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
...the bounce challenged pot sbr and lost!

1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
swing short at 1.3158, 15 lots
Quoting Pat Chiko
{quote} GOLD possible of 3-3-5 flat pattern forming. {image} {image}
GOLD

it is 3-3-5 pattern
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I come from the future.
Quoting Pat Chiko
{quote} GU Retest FTR with structure break. Scalping is game play for GU ATM {image}
GU

FTR bounce of fib for continuation down filing up FVG @OB
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I come from the future.
Quoting Fix-it
looks as though GU is going to 1.3110 i am short from .3170
move my sl to 1.3168 tp 1.3110
Quoting Zebi
i the GU weekly chart hasn't given my system a buy signal ..as a matter of fact looks like price should retrace back to my black line on weekly the other chart is the monthly and since there's just 5 days left seems to me its just a run of the mill test of last years swing high because of these two charts ill be looking to build up GU shorts and give my girl a lesson on fading the majority LOL everybody says powell gona cut in sept. the media saying he's confirmed a cut.... he said no such thing sothe retail trade gona get screwed again https://www.forexfactory.com/news/13...r-fed-rate-cut...
lovely...beautiful... picking the top is always sweet for contrarian traders LOL

if the monthly closes under my line means the bull run shud be over for awhile...sure there will be bullish green days but the hire timeframes will exert their influence over the scalpers trading 5 min charts LOL

everything I said on the 25th still applies....retail traders got their knickers in a bind thinking powell gona cut in sept when he said no such ting LOL

always remember gentlemen breakout trading succeeds only 20% of the time so that's why I fade the majority everytime especially at breakout level from last year on the monthly chart ..so don't become roadkill

https://medium.com/coinmonks/traders...traders%20FAIL.

so before I get attacked by dipshits that I was wrong on gold remember ill be wrong 2 out of 10 times but ill take those kinds of odds LOL
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Kamala/Walz pulling away for the win
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