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Cable Update (GBPUSD)

  • #837,781
  • Sep 11, 2024 2:53am Sep 11, 2024 2:53am
Quoting ScalaFX
{quote} protected

Nice rejection of 3108 on H1
Follow The Markets Structure - Patience and Discipline
  • #837,782
  • Sep 11, 2024 2:57am Sep 11, 2024 2:57am
Long 1.3080
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,783
  • Sep 11, 2024 2:58am Sep 11, 2024 2:58am
come on mister goldi
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yes yes yes
  • #837,784
  • Sep 11, 2024 3:05am Sep 11, 2024 3:05am
Quoting firsttimer
Sell. Not sure if can hit 3000.
Closed. Will wait eu direction.
  • #837,785
  • Sep 11, 2024 3:32am Sep 11, 2024 3:32am
G/M, Doji-ish dly candle y/day. So far today- a steep sell-off from the Asian hi/current dly hi on the weak Uk data earlier, from the bottom of a prev 1hr/4hr sw lo zone = pot sbr.

1hr below
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Trader with an Edge.
  • #837,786
  • Sep 11, 2024 3:36am Sep 11, 2024 3:36am
Quoting Headland
G/M, Doji-ish dly candle y/day. So far today- a steep sell-off from the Asian hi/current dly hi on the weak Uk data earlier, from the bottom of a prev 1hr/4hr sw lo zone = pot sbr. 1hr below {image}
the data wasnt good and although the initial spike down was minimal its kind of set the tone for the London session. The US data later should provide a better line of PA.
Insane in the Brain..
  • #837,787
  • Sep 11, 2024 3:41am Sep 11, 2024 3:41am
Quoting BeeTogether
{quote} the data wasnt good and although the initial spike down was minimal its kind of set the tone for the London session. The US data later should provide a better line of PA.
Hi, yeh muted reaction so far after the initial fireworks. Like you suggest, U.s data later might provide a bigger market reaction?
---------------------------------------------------

...Asian lo/current dly lo remains intact for now, (forgive the broker spread widening candle @ open,) and price trades between the Asian hi/current dly hi and Asian lo right now. Asian hi/current dly hi was a false 1st upside b/o of y/day's hi.

1hr below
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Trader with an Edge.
  • #837,788
  • Sep 11, 2024 3:44am Sep 11, 2024 3:44am
It's interesting that people are buying this. I'll give an advice to make mental notes of shapes, as they usually give a self-fulfilling prophecy. This is a bloody short! Now this doesn't mean it cannot go up, but it is unlikely. Very unlikely. I see price running down to at least 3020 and then 3000.
  • #837,789
  • Sep 11, 2024 3:49am Sep 11, 2024 3:49am
Quoting Mitiblotch
It's interesting that people are buying this. I'll give an advice to make mental notes of shapes, as they usually give a self-fulfilling prophecy. This is a bloody short! Now this doesn't mean it cannot go up, but it is unlikely. Very unlikely. I see price running down to at least 3020 and then 3000.
I have auto TP at 13000 from my short last night..
Insane in the Brain..
  • #837,790
  • Sep 11, 2024 3:53am Sep 11, 2024 3:53am
..y/days lo / current wkly/mthly lo fell just short of the prev dly/wkly sw hi zone = pot rbs that starts @ 3045, and similarly just short of the 3 fib cluster 3048-37. Price @ current dly hi was still battling to get north of the prev sw lo zone = pot sbr that starts @ 3087 and extends to circa 3114.

dly, then fibs graphic below
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Attached Image
Trader with an Edge.
  • #837,791
  • Sep 11, 2024 3:59am Sep 11, 2024 3:59am
Quoting BeeTogether
{quote} I have auto TP at 13000 from my short last night..
No retreat no surrender
  • #837,792
  • Sep 11, 2024 4:08am Sep 11, 2024 4:08am
I just feel that the CPI will surprise all of us!
  • #837,793
  • Sep 11, 2024 4:23am Sep 11, 2024 4:23am
Some red US numbers last week caused a spike up, but ultimately got rejected (maybe because they were still better than previous and employment rate is steady).
Will be interested to see if the CPI spikes this pair into the highlighted resistance zone before the current positive USD mood continues.
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Compulsions can be hard to resist
  • #837,794
  • Edited 4:37am Sep 11, 2024 4:25am | Edited 4:37am
Quoting Pat Chiko
{quote} GU having to redraw and analyse the chart for tomorrow with US CPI data release going to be major impact on GU. This EW 4 is overlapping and hope it will end tomorrow for continuation EW5 {image} {image} {quote} Potentially going down to 38 or 50% fib for full correction. ( on daily) Scalping is mode for trading in overlapping prices correction
GU

Scalping update.
Cash out some and add some.

Imbalance the balance.
IT trying to find liquidity pre US CPI.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,795
  • Sep 11, 2024 4:28am Sep 11, 2024 4:28am
Quoting trumps
Some red US numbers last week caused a spike up, but ultimately got rejected (maybe because they were still better than previous and employment rate is steady). Will be interested to see if the CPI spikes this pair into the highlighted resistance zone before the current positive USD mood continues. {image}
Hi. If the actual comes out as the forecasts, (re this site,) particularly re that y/y # then we could see some $ weakness? Anything can happen though of course, I for one, and will be following PA, not what I think. I try not to think lol!
------------------------

1hr below
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Trader with an Edge.
  • #837,796
  • Sep 11, 2024 4:28am Sep 11, 2024 4:28am
Quoting Yngwie
Long 1.3080
closed 16p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,797
  • Sep 11, 2024 4:34am Sep 11, 2024 4:34am
Quoting Yngwie
{quote} closed 16p
Hi. You, Pat (adding) and I, and maybe others,? all had the same idea there, 15min and 30min bullish hidden div...take the 15min - not a good general uptrend re 1hr, and similar for 2hr, (next higher t/f's respectively,) and no real potential rbs but the repeating pattern was there, and dropping down another t/f to 3min/5min respectively in those t/f combo's - there was bullish regular div patterns too.

30min below
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Trader with an Edge.
  • #837,798
  • Sep 11, 2024 4:36am Sep 11, 2024 4:36am
Stop staring the chart

go and take a break for 2 hours, come back for US CPI fun.



To Those Who Seek the Market’s Truth

You who choose to understand the game,
Curious minds, never quite the same.
Seeking reasons where prices sway,
Watching patterns shift and play.

You step back to see the grand design,
Exploring timeframes, line by line.
From every clue, you weave your way,
A system born from price's sway.

Some follow fibos, subtle guides,
Others chart with nothing to hide.
No lines, no squiggle lines, no noise or glare,
Just the market’s pulse laid bare.

You’re not concerned with what comes next,
Trading "if," not bound by "when's" pretext.

And most of all, you wait to see,
A perfect shape, a clear decree.
For you know not every trade's a key—
You wait for what the market shows to thee.
.....and If you're not happy with me don't report to Twee
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,799
  • Sep 11, 2024 4:40am Sep 11, 2024 4:40am
Quoting Headland
{quote} Hi. If the actual comes out as the forecasts, (re this site,) particularly re that y/y # then we could see some $ weakness? Anything can happen though of course, I for one, and will be following PA, not what I think. I try not to think lol! ------------------------ 1hr below {image} {image}
Of course. However, coming in as expected, may also mean it is already priced in by the time it is released.
This then may bring the next major news item into focus (Whatever that is, as I don't usually pay much attention to news except as something to babble on about ).
Switching the brain off really is an art, hats off to you
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Compulsions can be hard to resist
  • #837,800
  • Sep 11, 2024 4:41am Sep 11, 2024 4:41am
Quoting Mitiblotch
{quote} No retreat no surrender
tell me about it.. bastard touched 13080 and shot up lol. I call it liquidity hunting. But then again I’m shorting if I was long I’d be saying about frigging time
Insane in the Brain..
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