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Cable Update (GBPUSD)

  • #838,221
  • Sep 16, 2024 2:05am Sep 16, 2024 2:05am
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JY...Added long.

E. and BP I take P.prfts here now.

  • #838,222
  • Sep 16, 2024 2:13am Sep 16, 2024 2:13am
[quote=Abeylyn;14997978]Viewing GBPUSD Chart from 6 hourly trend perspective, i will short GU with 3hr. candle close below 1.3109/4 However, i will switch to Buy with 3hr. candle close above last week/current pullback high. Breakout above 1.31587. Let's see your own view as well. Good day and nice weekend .[/quote

Buyers will take over if current 3/4hr. Candle close above 1.31587. 10:00 GMT will give an obvious clue.

Will need to change mood when necessary.

Risk Management is highly important.

Good day mates and do have a nice pipping day.
Market Structure is the King.....
  • #838,223
  • Sep 16, 2024 2:17am Sep 16, 2024 2:17am
Quoting HaLBot
Looks like we have some buying of 1.3080
Quoting elude
{quote} I did, 1.30668
Still in play and two more added
  • #838,224
  • Sep 16, 2024 2:54am Sep 16, 2024 2:54am
Quoting Georginson
{quote} I feel your stop is too tight. Meanwhile rate cut for USD is already priced in, this will likely lead to some USD strength when the cut eventually happens... See EUR after the rate cut, keeps going up.
good to se you back mate! Yes the cut is priced in and I think even 0.5 is priced in too. We could be in the buy the rumour sell the fact zone
Insane in the Brain..
  • #838,225
  • Sep 16, 2024 2:55am Sep 16, 2024 2:55am
Quoting F.g
{quote} .... They can be coming from nowhere.....
yup exactly last week Thursday prime example of it going up despite the data indicating a drop lol
Insane in the Brain..
  • #838,226
  • Sep 16, 2024 3:05am Sep 16, 2024 3:05am
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New SLs and Take prfts , as shown ....

  • #838,227
  • Sep 16, 2024 3:16am Sep 16, 2024 3:16am
Quoting elude
{quote} You caught some last-minute tea before the market closed
This is what I was referring to, sort of breaking news, before the market closed on Friday:
Stock Market News, Sept. 13, 2024: Investors Ramp Up Bets on Jumbo Fed Rate Cut
and there was some more similar news on Friday at the same time.

...and so, I kept my long open, Friday
  • #838,228
  • Sep 16, 2024 3:30am Sep 16, 2024 3:30am
G/M, my w/e analysis refers. Price so far today is strongly up intraday, and has made a 1st upside b/o of Y/day's hi @ the Asian hi, then the Asian hi, and has entered that prev 15/30min spike zone = pot res, @ a 76.4% fib. Dly R3 higher up in that zone, and Wkly R1 just above current hi.

1hr below
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Trader with an Edge.
  • #838,229
  • Sep 16, 2024 3:42am Sep 16, 2024 3:42am
...upside breach of the 4hr rising wedge! Price @ current dly hi has just entered the bottom of the dly part of the prev 1hr/4hr/minor dly sw hi zone = pot res that extends up to 3238.

4hr below
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Trader with an Edge.
  • #838,230
  • Sep 16, 2024 3:46am Sep 16, 2024 3:46am
Try to sell here at 1.3183
  • #838,231
  • Sep 16, 2024 3:50am Sep 16, 2024 3:50am
My sl hit
i think there is no reason to sell.. the best we will get is consolidation area of 30-50 pips

sionara, till FOMC
  • #838,232
  • Sep 16, 2024 3:55am Sep 16, 2024 3:55am
Quoting Whale
My sl hit i think there is no reason to sell.. the best we will get is consolidation area of 30-50 pips sionara, till FOMC
Seems that way. Interesting that the sentiment is bullish during non US hours too. Is this a hangover from last week or is there more chatter overnight?
Insane in the Brain..
  • #838,233
  • Sep 16, 2024 4:02am Sep 16, 2024 4:02am
Quoting BeeTogether
{quote} Seems that way. Interesting that the sentiment is bullish during non US hours too. Is this a hangover from last week or is there more chatter overnight?
idk, sold gold now 2587.
good way to earn back my money.

tp 2577.5 sl todays high.
  • #838,234
  • Sep 16, 2024 4:05am Sep 16, 2024 4:05am
...gmt/utc +3 price feed 4hr closes as a bullish thrust candle a few mins ago. Wkly R1/Dly R3 met in that prev 30min spike hi zone = pot res.

As said above, price has entered the bottom of the dly part of that prev 1hr/4hr/minor dly sw hi zone = pot res that extends up to 3238. 1hr/4hr parts of that pot res zone begin circa 3211/12.

dly below
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Trader with an Edge.
  • #838,235
  • Sep 16, 2024 4:07am Sep 16, 2024 4:07am
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Master your mind. Master Trading.
  • #838,236
  • Sep 16, 2024 4:11am Sep 16, 2024 4:11am
[quote=Abeylyn;14998823]
Quoting Abeylyn
Viewing GBPUSD Chart from 6 hourly trend perspective, i will short GU with 3hr. candle close below 1.3109/4 However, i will switch to Buy with 3hr. candle close above last week/current pullback high. Breakout above 1.31587. Let's see your own view as well. Good day and nice weekend .[/quote Buyers will take over if current 3/4hr. Candle close above 1.31587. 10:00 GMT will give an obvious clue. Will need to change mood when necessary. Risk Management is highly important. Good day mates and do have a nice pipping day.
From my own perspective, Buyers are in Control.

Need to wait for a pullback before Swing buyer. Buying either at re-visit to previous high broken to the upside or continue to hang around until opportunity for buy is sighted.
Market Structure is the King.....
  • #838,237
  • Sep 16, 2024 4:17am Sep 16, 2024 4:17am
Quoting KareemAliFx
{image} {image}
eurusd longs banked ! going to hold euraud buys for now. Great start to the week
Master your mind. Master Trading.
  • #838,238
  • Sep 16, 2024 4:28am Sep 16, 2024 4:28am
Looks like It's over for London session. Wait NY open for retracement for long entry. No sell in current situation.
Market is heavily impacted by upcoming Fed news on Midweek.
With courage, patience, and discipline, success is a matter of time.
  • #838,239
  • Sep 16, 2024 4:34am Sep 16, 2024 4:34am
Quoting JameRomeo168
Looks like It's over for London session. Wait NY open for retracement for long entry. No sell in current situation. Market is heavily impacted by upcoming Fed news on Midweek.
Hi, yeh doubtless bets on a -0.5% cut have increased? Before that though we have U.s retail sales (Tues,) and Uk Cpi/Rpi/PPi on Weds ...so could see some movement ahead of it on those releases, but Fomc later on Weds is the 'main event.'
---------------------------------------------------------------------------------
...95% of 30day adr traveled so far today. Intraday bullish overall, 4hr bullish - may be going into an uptrend,? 1hr in general uptrend, - all correct as of right now.

1hr below
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Trader with an Edge.
  • #838,240
  • Sep 16, 2024 4:45am Sep 16, 2024 4:45am
Come on
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yes yes yes
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