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Cable Update (GBPUSD)

  • #837,521
  • Sep 9, 2024 8:32am Sep 9, 2024 8:32am
131 seems to be a resistance level.. SBR it seems

trying short now 5 trades today all a few pips in total .. might have to be the way until we see a PA worth noting
Insane in the Brain..
  • #837,522
  • Sep 9, 2024 8:46am Sep 9, 2024 8:46am

  1. Could this be the story:-

  1. Short bets against the USD continued to pile up: COT Report
    From forex.com
    https://assets.faireconomy.media/nfs...g?_=1725851254

    Futures traders increased their net-short USD exposure by 8.4 billion last week, to -17.4 billion Large speculators increased their net-long exposure to yen futures to their most bullish level since February 2022 They also increased their net-long exposure to EUR/USD futures to a 34-week high, and asset managers a 30-week high Traders continued to reduce their net-short exposure to commodity FX (AUD, CAD, NZD) , with asset managers and large speculators increasing longs and trimming shorts Large speculators were on the cusp of flipping to net-long exposure to NZD/USD futures, with a net-short exposure of just -238 ... (full story)


I am long now from1.3097

  • #837,523
  • Edited 9:20am Sep 9, 2024 8:51am | Edited 9:20am
Quoting Zebi
seems the rightwingers won some elections in Germany so I expect EU to be lower by Friday to show its displeasure lets see if my theory works again LOL the honeymoon with the the brit labor victory is over so I'm gonna add GU shorts on any pops
the red line in these charts is where I made this statement and price is back to where it started ,,,anyone that didn't short last weeks pop up lost a good opportunity now you have to chase price

I was a day late cause its lower today instead of last Friday

GU is even lower.... I'm gonna continue shorting each daily green candle cause both currencies got about 200 more pips to fall


these are 4H charts
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short trump and go long the deepstate
  • #837,524
  • Sep 9, 2024 8:52am Sep 9, 2024 8:52am
Quoting AlfieSolomon
I hope it hits my TP {image}
Take profit hit 15 pips bagged
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  • #837,525
  • Sep 9, 2024 8:58am Sep 9, 2024 8:58am
Quoting KareemAliFx
Additional short {image}
nice , Im holding too, 0950 is very realistic but I will start buying 1.10 and split for 0950
People don't plan to lose. They lose because they don't plan.
  • #837,526
  • Sep 9, 2024 9:07am Sep 9, 2024 9:07am
Quoting Fix-it
Could this be the story:- Short bets against the USD continued to pile up: COT Report From forex.com https://assets.faireconomy.media/nfs...g?_=1725851254 Futures traders increased their net-short USD exposure by 8.4 billion last week, to -17.4 billion Large speculators increased their net-long exposure to yen futures to their most bullish level since February 2022 They also increased...
S/L hit and it turned long .
  • #837,527
  • Sep 9, 2024 9:08am Sep 9, 2024 9:08am
Come on mister goldi
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yes yes yes
  • #837,528
  • Edited 9:39am Sep 9, 2024 9:14am | Edited 9:39am
Usdx reacts at a sr. .gu may may retest low !
Gbpusd , may breaks previous low towards 3060 to 43
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,529
  • Sep 9, 2024 9:26am Sep 9, 2024 9:26am
GJ highly bearish. Was looking for a clean entry for a small range scalp and found this:

Not enough room for any kind of sensible B/E strategy here so just will leave trade as is.

SL on majors is 10 pips when scalping but for GJ needs to be around 12 pips. TP proportional to 1.5R.
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  • #837,530
  • Sep 9, 2024 9:30am Sep 9, 2024 9:30am
Quoting TheHusla
GJ highly bearish. Was looking for a clean entry for a small range scalp and found this: Not enough room for any kind of sensible B/E strategy here so just will leave trade as is. {image} {image}
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  • #837,531
  • Sep 9, 2024 9:46am Sep 9, 2024 9:46am
Quoting TheHusla
GJ highly bearish. Was looking for a clean entry for a small range scalp and found this: Not enough room for any kind of sensible B/E strategy here so just will leave trade as is. SL on majors is 10 pips when scalping but for GJ needs to be around 12 pips. TP proportional to 1.5R. {image} {image}
good when your signal or analyse will be posted by you real time that everyone here can look at it and eventually take a position and make money with you. Posting before TP is useless, eveybody see what happend after the move, cheers
People don't plan to lose. They lose because they don't plan.
  • #837,532
  • Sep 9, 2024 9:54am Sep 9, 2024 9:54am
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yes yes yes
  • #837,533
  • Sep 9, 2024 9:54am Sep 9, 2024 9:54am
Quoting fontu
Usdx reacts at a sr. .gu may may retest low ! Gbpusd , may breaks previous low towards 3060 to 43 {image} {image}
yup skimmed 13069 just now, needs
to break 13070
Insane in the Brain..
  • #837,534
  • Sep 9, 2024 10:04am Sep 9, 2024 10:04am
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yes yes yes
  • #837,535
  • Sep 9, 2024 10:10am Sep 9, 2024 10:10am
Quoting ScalaFX
{quote} good when your signal or analyse will be posted by you real time that everyone here can look at it and eventually take a position and make money with you. Posting before TP is useless, eveybody see what happend after the move, cheers
If anyone wants to enter the market based off my posts then they are free to do that. Anyone who does that will never be long term profitable anyway. I post after shots because I don't think everyone will be following my one position in such a large thread. Also post the result independent of outcome.

I do what I do as this is my style of posting. As far as I'm aware, I'm not violating any rules by posting my speculative positions in the market and this is a public forum. Thanks for your opinion.

Any actual feedback on any of my trades is more than welcome. This it the main reason I put explanations.
  • #837,536
  • Sep 9, 2024 10:31am Sep 9, 2024 10:31am
For the GBP forecast this week, consider these factors:

1. **Economic Data Releases**: Look for updates on key UK economic indicators such as GDP growth, inflation rates, and employment figures. These can have a significant impact on GBP movements.

2. **Bank of England (BoE) Policies**: Any statements or policy changes from the BoE could influence GBP direction. Pay attention to any news or speeches from BoE officials.

3. **Brexit and Trade News**: Ongoing developments related to Brexit or trade agreements can affect GBP volatility.

4. **Global Economic Sentiment**: Global risk sentiment and economic conditions, especially in major economies like the US and Eurozone, can also impact GBP.

5. **Technical Analysis**: Review GBP/USD and GBP/other currency pairs for technical signals, such as support and resistance levels, moving averages, and trend patterns.
  • #837,537
  • Sep 9, 2024 10:38am Sep 9, 2024 10:38am
Quoting knkie
{quote} Whale i was wondering do you only consider the HL levels or also (weekly) Close levels?
my fundamental of my intraday strategy is candle range theory (CRT- 3m, m, w, d)

so HL.

but it depends if there is FVG as resistance/supports so the close is very important
  • #837,538
  • Sep 9, 2024 10:47am Sep 9, 2024 10:47am
Fedup just wait 1.3000
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,539
  • Sep 9, 2024 10:53am Sep 9, 2024 10:53am
Quoting TheHusla
{quote} If anyone wants to enter the market based off my posts then they are free to do that. Anyone who does that will never be long term profitable anyway. I post after shots because I don't think everyone will be following my one position in such a large thread. Also post the result independent of outcome. I do what I do as this is my style of posting. As far as I'm aware, I'm not violating any rules by posting my speculative positions in the market and this is a public forum. Thanks for your opinion. Any actual feedback on any of my trades is...
i think your charts are valuable, but when I can see them early that I can comment on this or confirm
People don't plan to lose. They lose because they don't plan.
  • #837,540
  • Sep 9, 2024 10:57am Sep 9, 2024 10:57am
Quoting saal
{image}
approaching the destination
Success is not final, failure is not fatal... - Winston Churchill
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