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Cable Update (GBPUSD)

  • #837,401
  • Sep 6, 2024 11:22am Sep 6, 2024 11:22am
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Together we can be strongest
Vantage Return This Month: na
  • #837,402
  • Sep 6, 2024 11:26am Sep 6, 2024 11:26am
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yes yes yes
  • #837,403
  • Sep 6, 2024 11:47am Sep 6, 2024 11:47am
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Together we can be strongest
Vantage Return This Month: na
  • #837,404
  • Sep 6, 2024 12:06pm Sep 6, 2024 12:06pm
Quoting BeeTogether
{quote} set a TP around there for today
See that audchf i said to sell when it breaks the low, already 60 pips in profit

It did put in an irregular flat before the drop but would still of been an ok trade
Follow The Markets Structure - Patience and Discipline
  • #837,405
  • Sep 6, 2024 12:10pm Sep 6, 2024 12:10pm
So i guess staying out from my perspective was the right decision, very messy day with a lot of irregular flat , expanding flat corrections , i guess these moves are institutions not happy to give any one their money

Gu and EU both expanding flats H4 for the B of ABC down, MMs favourite pattern to screw everyone over, this is why trading can be difficult at times especially when they pull both the exp and irregular flat , so hard to decipher sometimes and you just never know when they will drop them on the markets

If only it was as simple as HL, HH or LH, LL etc , we would probably all be millionaires and then there would be no markets
Follow The Markets Structure - Patience and Discipline
  • #837,406
  • Sep 6, 2024 12:15pm Sep 6, 2024 12:15pm
for 30 pips
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yes yes yes
  • #837,407
  • Sep 6, 2024 12:26pm Sep 6, 2024 12:26pm
for 14 pts
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yes yes yes
  • #837,408
  • Sep 6, 2024 12:31pm Sep 6, 2024 12:31pm
Im going to swear so apologies in advance, it is so fcuking annoying , just before any decent move the fcukers have to put the exp flat or irregular flat in to fcuk things up.
Follow The Markets Structure - Patience and Discipline
  • #837,409
  • Sep 6, 2024 12:31pm Sep 6, 2024 12:31pm
not bad this bounce even , 3151 then may down below 3128
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,410
  • Sep 6, 2024 12:36pm Sep 6, 2024 12:36pm
Quoting pipfarm
Im going to swear so apologies in advance, it is so fcuking annoying , just before any decent move the fcukers have to put the exp flat or irregular flat in to fcuk things up.
yup it was going so well. Hit the road about an hour ago and set a TP near 13105 bastard missed it by 3 pips and shot up. Oh well let’s see if this move up was merely to take to SLs and back down
Insane in the Brain..
  • #837,411
  • Sep 6, 2024 12:42pm Sep 6, 2024 12:42pm
Quoting BeeTogether
{quote} yup it was going so well. Hit the road about an hour ago and set a TP near 13105 bastard missed it by 3 pips and shot up. Oh well let’s see if this move up was merely to take to SLs and back down
That is a shame , you might as wll have held cause it is probably going a lot lower
Follow The Markets Structure - Patience and Discipline
  • #837,412
  • Sep 6, 2024 12:44pm Sep 6, 2024 12:44pm
Quoting pipfarm
{quote} That is a shame , you might as wll have held cause it is probably going a lot lower
as long as we close below 13130 gives me indication that next week we could see an attempt at 13070 maybe Monday as there isn’t too much data that could effect the PA
Insane in the Brain..
  • #837,413
  • Edited 1:01pm Sep 6, 2024 12:50pm | Edited 1:01pm
Quoting BeeTogether
{quote} as long as we close below 13130 gives me indication that next week we could see an attempt at 13070 maybe Monday as there isn’t too much data that could effect the PA
3086 is the breaker , in my pic this what we are facing these days in trading , read that as a trend , same things happens at smaller degrees and larger degrees and my drawing is probably over simplified as there will be many more of the mms shite in there

You heard that saying , every time i enter it goes against me , well guess what we have to learn these bs patterns to play their game, a trend is not what the text books teach you, every directional move at every degree is followed by one of these bs patterns

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Follow The Markets Structure - Patience and Discipline
  • #837,414
  • Sep 6, 2024 12:51pm Sep 6, 2024 12:51pm
Quoting Moty
{quote} 123 pips from the high of the day i was at 200 $ eqvity from 375 $ deposite i ended with 604 $ done for this week yes baby , i'm back {image}
hopin you finaly found a strategy that suits you !
Don't change it !
Never ever forget your sl...
  • #837,415
  • Sep 6, 2024 1:14pm Sep 6, 2024 1:14pm
..quite a day all in all....charts below re potential supp/res/sbr factors are pretty self-explanatory.

4hr/1hr below
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Trader with an Edge.
  • #837,416
  • Sep 6, 2024 1:18pm Sep 6, 2024 1:18pm
Quoting Headland
..quite a day all in all....charts below re potential supp/res/sbr factors are pretty self-explanatory. 4hr/1hr below {image}
it was a subtle but explosive day . NFP popped up took SLs and then dropped hard. To think we are over 100 pips from the top of the range today. The action came into play during the Fed speech which kind of confirmed rate cuts (goes up ) and then a bigger chance it won’t be 0.5% (dropped by 80 odd pips)
Insane in the Brain..
  • #837,417
  • Sep 6, 2024 1:34pm Sep 6, 2024 1:34pm
Likely price direction of Cable.

Any piercing or harami on weekly that follows big run up, will result in re-test of opening price of long run up. Examples on weekly chart as shown. So this is heading for 1.2940 ish in mid September. Furthermore, September is statistically strongest month for USD. With good money management on your account, click sell now on Cable and come back in a week. Good luck.
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  • #837,418
  • Sep 6, 2024 2:15pm Sep 6, 2024 2:15pm
Taken profit, didn’t drop much below after the rise. Back in Sunday/Monday
Insane in the Brain..
  • #837,419
  • Edited 3:05pm Sep 6, 2024 2:25pm | Edited 3:05pm
Btc 53600 direction of friday very clear.on weekly chart first upper line 1.31600.and it closed under. perspective 1.24 min.but a lot of time of course
  • #837,420
  • Sep 6, 2024 4:34pm Sep 6, 2024 4:34pm
Can someone give me hopes up that cable will fly atleats to 31510
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