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Cable Update - Continued 105 replies

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Cable Update (GBPUSD)

if now work a little , or start atleast ! breaks out 3151, initial target can be 3186, 3166 an intermediate sr as before
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDM52.png Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
Looks like a consolidation day or just very messy day to me today. 40 pips daily range on GU and after news has hit. I thought it may give some opps after news but nothing for me. It may go a little higher today to around 3168 but no point in trading under such conditions for me personally after such an epic week. LTF looks a mess at the moment to me.

I did well to sit on the side line today, even if I say so myself! Almost took that GU long which would have worked but just wasn't perfect for me as M15 structure wasn't on my side. Was waiting for a retrace but it never came.

Next week should be real interesting with all the interest rate decisions. Am really looking forward to Wednesday, should be lots of opportunities for scalping M1 after news with any luck!

Have a nice weekend lads!
Quoting F.g
{quote} Man hi. Bloody dump will come earlier than expected. . . {image} JY 5' --- T.Pfts on shorts now and waiting for chance to reverse to LONG.... SOON....
Sure it can. I fully agree. I just mean that not later than the 18th it should take a bloody dump.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
I really admire some people here. They can predict the next destination of market even though the price action is so messy righty now.
It is not messy to me.

No down trend yet...even in 1 min chart.

Look below 3135 for possible short.
Intraday only.
Quoting JameRomeo168
I really admire some people here. They can predict the next destination of market even though the price action is so messy righty now.
For me it is about the swings

as retail traders we tend to focus too much on the very small movements chasing every little PB whether it be trying to find the bottom ,middle or whatever for an entry.

The bad news is that the markets are a lot bigger than what we assume and all these tiny moves are just a very tiny fraction of the overall picture, the art of trading is about being able to see that overall bigger picture and i am still learning myself but getting better with each day
Follow The Markets Structure - Patience and Discipline
trading this pair is fucking crazy
Quoting nAVIN2007
trading this pair is fucking crazy
yup when it goes well it zooms… other times it sucks
Insane in the Brain..
Letz hope this is it , turn around time , usually 4 GMT but we are on BST (british summer time is plus 1) 5 pm so about now
Follow The Markets Structure - Patience and Discipline
Quoting pipfarm
Letz hope this is it , turn around time , usually 4 GMT but we are on BST (british summer time is plus 1) 5 pm so about now
Can wait for it to trend or be an idiot like me and get in too early
Follow The Markets Structure - Patience and Discipline
Markets will cycle through double correctives and single correctives on H1 whose origin is D1
Follow The Markets Structure - Patience and Discipline
Quoting JameRomeo168
I really admire some people here. They can predict the next destination of market even though the price action is so messy righty now.
It's messy to you because of your style of trading. There is something called zones, monthly and weekly pivots, session flows, etc If you master these things you can foretell the market with accuracy many times. Navk is a good example. I am also a good example.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Now EU looking bearish not gonna sell as I’m holding EURAUD buys right now could push higher thanks to this possible EU drop
Master your mind. Master Trading.
Quoting Mitiblotch
{quote} It's messy to you because of your style of trading. There is something called zones, monthly and weekly pivots, session flows, etc If you master these things you can foretell the market with accuracy many times. Navk is a good example. I am also a good example.
Yes, you are perfectly correct.

Swing traders are to stand aside today because the session flow is against the actual Swing direction. Session flow is Buy while Swing is to Short.

Until, there is a perfect alignment with session flow, no way for swing. Session flow is more likened to an Intraday active price movement...

Waiting for a 2hr. candle close below 1.3118 to go short GU. Gap up is my stoploss.
Market Structure is the King.....
Have a great weekend folks see ya on the other side
Insane in the Brain..
  • Post #838,176
  • Quote
  • Edited Sep 14, 2024 3:51am Sep 13, 2024 1:46pm | Edited Sep 14, 2024 3:51am
Looks a doji after so bullish yesterday ! So all fake bull leg apparently , nothing worked continue a little bull here , at this odd level. Let's see what next , should bear continue after this bull stop allegedly !

update :
usdx test last demand top , may may need further support at more lows before a last correction up before bear continue possible . yesterday also pull back and rejected with double top , so previous bottom to low restart bounce again.

eurusd , still in channel up , better a little down to restart new bull leg to target bounce still.
gbpusd , minimum correction down and may restart bull as of yesterday .
so gbp doji may not work this time or gbp may not follow eurusd or usdx or usdx continue bounce possible as well , as on demand already ! lets see what final outcome may come next week !
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Hoping for a drop for EU as stocks peak back from their highs should be profit taking and hoping this translates to USD strength
Master your mind. Master Trading.
Gu setting up for a major buy trade from 1.31000 from a 4 hr perspective.
Cheers.
Trade to trade another day
... Just back @ desk updating charts/seeing what I missed - Interestingly 4Hr has a pt. 4 of an exp tri (intermediate or full unknown yet.) playing out from current dly hi (after a full exp tri,) whilst 1Hr has a pt. 5 of a full exp tri playing out from same hi with bearish regular div between pts 1 and 5. If they are true - The 4Hr's target is either a fib retrace of it's move 3-4 for an intermediate exp tri, or an extension of it for a full exp tri. The 1Hr's target is a fib extension of it's move 4-5. (I have a pdf re these patterns in the files section on my profile, for anyone that doesn't know them and is interested.)

4hr/1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Wavegarrick
Gu setting up for a major buy trade from 1.31000 from a 4 hr perspective. Cheers.
...it is what it is
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