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Cable Update (GBPUSD)

  • #836,781
  • Aug 30, 2024 7:36am Aug 30, 2024 7:36am
1.13169...is only the start. I think they started the selling programms now. Finally, I hope. 1.3120's is their area. The have huge longs left.

It's friday and london closes in 2,5 hours. Let's see if they push it up one more time before clearing.
  • #836,782
  • Aug 30, 2024 7:41am Aug 30, 2024 7:41am
Let’s see if these numbers can push the pair down. They do look quite mixed
Insane in the Brain..
  • #836,783
  • Aug 30, 2024 7:44am Aug 30, 2024 7:44am
unfortunately Core PCE is as expected. So little move only. But they know... time is ticking. Monday Holiday is over. They have to get rid of their longs now.
Hurry my bunnies, hurry!
  • #836,784
  • Aug 30, 2024 7:47am Aug 30, 2024 7:47am
Quoting JackintheBox
unfortunately Core PCE is as expected. So little move only. But they know... time is ticking. Monday Holiday is over. They have to get rid of their longs now. Hurry my bunnies, hurry!

What holiday is it m8?
Don't Leave Money on the Table
  • #836,785
  • Aug 30, 2024 7:49am Aug 30, 2024 7:49am
Quoting HaLBot
{quote} What holiday is it m8?
Labour Day I think
Insane in the Brain..
  • #836,786
  • Aug 30, 2024 7:49am Aug 30, 2024 7:49am
Okay so through support at 1.3166 and now next level is 1.3144 and if that doesn't hold 1.3100....

1.3144 is also where the hourly 200ma is lurking
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Don't Leave Money on the Table
  • #836,787
  • Aug 30, 2024 7:51am Aug 30, 2024 7:51am
Quoting HaLBot
{quote} What holiday is it m8?
UK Summer bank holiday was monday
  • #836,788
  • Aug 30, 2024 7:55am Aug 30, 2024 7:55am
Quoting HaLBot
Okay so through support at 1.3166 and now next level is 1.3144 and if that doesn't hold 1.3100.... 1.3144 is also where the hourly 200ma is lurking {image}
yup 13140 didn’t crack
Insane in the Brain..
  • #836,789
  • Aug 30, 2024 7:58am Aug 30, 2024 7:58am
Quoting HaLBot
{quote} What holiday is it m8?
Summer time on Northern Hemisphere. Means only few big players in market. Means excessive, straight moves (as we have seen it ALL over the board: First was CHF, than GBP, NZD). Problem for them is if that this time end now (September) other big players enter the market so they have to get rid of too strong bias positions (currently longs on GBP/USD) or other big players (which are back from holiday with clear books) speculate against their positions and they lose millions.

Let's see if they dare to keep up the 1.3140's area until monday. Currently they fired it up one more time. Probably have not sold enough longs to the crowd due to lack of volume and want to show "strength" at 1.3145 (last low). I hate summer time btw.
  • #836,790
  • Aug 30, 2024 7:59am Aug 30, 2024 7:59am
Quoting BeeTogether
{quote} Labour Day I think

Yes Labour Day BeeTogether

Many government offices and some private businesses close on annual federal holidays. If the holiday falls during the weekend, the government may observe it on a different day.

  1. New Year's Day (January 1)
  2. Birthday of Martin Luther King, Jr. (Third Monday in January)
  3. Inauguration Day (January 20, every 4 years following a presidential election)
  4. Washington's Birthday (Also known as Presidents Day; third Monday in February)
  5. Memorial Day (Last Monday in May)
  6. Juneteenth National Independence Day (June 19)
  7. Independence Day (July 4)
  8. Labor Day (First Monday in September)
  9. Columbus Day (Second Monday in October)
  10. Veterans Day (November 11)
  11. Thanksgiving Day (Fourth Thursday in November)
  12. Christmas Day (December 25)

Don't Leave Money on the Table
  • #836,791
  • Aug 30, 2024 8:06am Aug 30, 2024 8:06am
End of the month money flows into the European union coffers and I thought that all ended with Brexit
Rent seeking parasites
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Don't Leave Money on the Table
  • #836,792
  • Aug 30, 2024 8:07am Aug 30, 2024 8:07am
Quoting JackintheBox
{quote} Sorry Bro but than you have to wait. Hopefully not longer than that evening. Not sure who is keeping the GBP/USD up. Sell pressure should be immense. Did I mention we had good USD numbers? Well... no one cares.
its not a problem.
knowing when to get out of a bad trade is a positive in my opinion.
it was a small loss and indeed price has flipped into Bear territory now.
3155 on H4 is being taken out so now im looking for m5 shorts

but thank you for your concern
in wondering about yourself, you forgot what you came here to be part of
  • #836,793
  • Aug 30, 2024 8:12am Aug 30, 2024 8:12am
Quoting JackintheBox
unfortunately Core PCE is as expected. So little move only. But they know... time is ticking. Monday Holiday is over. They have to get rid of their longs now. Hurry my bunnies, hurry!
So they did not dare to keep 1.3140's up.... first line of defense is now mid 1.3120's area. Not sure if they let it go today. Next and final target is 1.3100 area.
  • #836,794
  • Aug 30, 2024 8:13am Aug 30, 2024 8:13am
That b wave seemed a bit short to me but hey that is trading, fortunately i got the short but it is dragging GY down and i have a usdjpy long , all in been to 8k profit and now down to 6k


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Follow The Markets Structure - Patience and Discipline
  • #836,795
  • Aug 30, 2024 8:14am Aug 30, 2024 8:14am
Quoting BeeTogether
{quote} so far bulls winning but a sell day to take us below 131 will be a great one!
It has started dropping.

And yet another message to you.

Keep this post safe.

1.3200 is high. From here, I expect 500 pips drop.

From now onwards, sell daily, when asia opens
Intraday only.
  • #836,796
  • Aug 30, 2024 8:15am Aug 30, 2024 8:15am
Quoting JackintheBox
{quote} So they did not dare to keep 1.3140's up.... first line of defense is now mid 1.3120's area. Not sure if they let it go today. Next and final target is 1.3100 area.

Look left on charts, always left!!(telling myself)
It's obvious now that 1.3130 there'd be support, whether it can hold is another matter with the Euro sponging of Cable

US Stocks opening in 15 and a bit later some more US data.
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Don't Leave Money on the Table
  • #836,797
  • Aug 30, 2024 8:16am Aug 30, 2024 8:16am
Current pattern is classical for "Don't dare to sell" (we want to sell). Again one more push up, looking like big retrace. I think we go down now to 1.3120's area before last news in 30 and 45 mins for today. Chances are not that big like before in 1.3160's area to go down but still big to see 1.3120's next 30 mins.
  • #836,798
  • Aug 30, 2024 8:19am Aug 30, 2024 8:19am
Quoting navk
{quote} It has started dropping. And yet another message to you. Keep this post safe. 1.3200 is high. From here, I expect 500 pips drop. From now onwards, sell daily, when asia opens
500 pip! I’d love it ! However it will be zigzag
Insane in the Brain..
  • #836,799
  • Aug 30, 2024 8:20am Aug 30, 2024 8:20am
Quoting BeeTogether
{quote} 500 pip! I’d love it ! However it will be zigzag
yes, it would be zigzag.

The idea would be sell everyday after asian retrace
Intraday only.
  • #836,800
  • Edited 8:34am Aug 30, 2024 8:23am | Edited 8:34am
Quoting Zebi
i havent been trading or paying much attention to forex since I'm teaching my soon to be wife how to trade and put food on the table when she quits her pharma rep job .... its much easier to trade stocks on earnings and indices but here's a couple charts for your perusal. I noticed GU bulls calling for it to run up towards infinity 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...


im just popping in to warn bulls they gona get their shiet pushed in if GU closes below last years july monthly high

Inserted Video


try not to be breakout traders cause ull only win 2-3 times out of 10 LOL

my fiance wants to thank everybody for being the illustration for my lesson of fading the majority ...i don't mean people in here that much but the dummies in the news comments section that are clueless like in this article from last week

https://www.forexfactory.com/news/13...r-fed-rate-cut

they comment on stupid stories that jay confirmed a rate cut when he did no such thing ...prolly has to do with translation issues by people who don't understand English very well.LOL
short trump and go long the deepstate
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