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Cable Update (GBPUSD)

  • #838,241
  • Sep 16, 2024 4:51am Sep 16, 2024 4:51am
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Reversed to short , as shown. No SL fttb.............

Added longs in JY.

  • #838,242
  • Sep 16, 2024 5:00am Sep 16, 2024 5:00am
my chart says 1min to 1d is bullish.

weekly is ranging.

was expecting a pull back to 3080.

That did not happen
Intraday only.
  • #838,243
  • Sep 16, 2024 5:03am Sep 16, 2024 5:03am
Quoting navk
my chart says 1min to 1d is bullish. weekly is ranging. was expecting a pull back to 3080. That did not happen
3080 would have been my area to go long to test monthly highs
Insane in the Brain..
  • #838,244
  • Sep 16, 2024 5:08am Sep 16, 2024 5:08am
Quoting navk
my chart says 1min to 1d is bullish. weekly is ranging. was expecting a pull back to 3080. That did not happen
after 1.324 probably
  • #838,245
  • Sep 16, 2024 5:10am Sep 16, 2024 5:10am
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
same for me. Waiting H4 chart and RSI above 70 only might go short again. 1.32 above and tp 1.316 if have chance.
  • #838,246
  • Sep 16, 2024 5:17am Sep 16, 2024 5:17am
...my 2 x 1hr oscillators are o/b and very o/b respectively, (on a scale of o/b, very o/b and extreme o/b.) Of course that's what an uptrend is isn't it? - o/b! For eg one of my 30min osc's (the same on each t/f,) has been o/b since circa 3141!! A wise trading sage once said words to the effect of - price can stay o/b or o/s longer than you have margin to short/long it, respectively.
Trader with an Edge.
  • #838,247
  • Sep 16, 2024 5:18am Sep 16, 2024 5:18am
Not expecting a move down to below 131 until the whole FOMC BoE shit is over and that will only happen if Fed cuts only 0.25 and BoE hints at October and November cuts
Insane in the Brain..
  • #838,248
  • Sep 16, 2024 5:30am Sep 16, 2024 5:30am
short max 1.32
People don't plan to lose. They lose because they don't plan.
  • #838,249
  • Sep 16, 2024 5:32am Sep 16, 2024 5:32am
...Hello 3200's again! are the 1hr/4hr parts of that prev 1hr/4hr/minor dly sw hi zone = pot res that extends up to 3238 (current mthly hi) beckoning? 105% 30day adr traveled now.

4hr below (with 10/20/40 ema crosses graphic.)
Attached Image (click to enlarge)
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Trader with an Edge.
  • #838,250
  • Sep 16, 2024 5:33am Sep 16, 2024 5:33am
Quoting ScalaFX
short max 1.32
132 is not resisting at all this could blow big up
Insane in the Brain..
  • #838,251
  • Sep 16, 2024 5:35am Sep 16, 2024 5:35am
Quoting BeeTogether
{quote} 132 is not resisting at all this could blow big up
Based dxy they will short it at NY but after it will keep rising again.

FOMC will be from the top of the top.
  • #838,252
  • Sep 16, 2024 5:38am Sep 16, 2024 5:38am
...2 x fibs @ 3204 current dly hi, ie 76.4% 3266-3001 and 85.4% 3238-3001. (see my 1hr charts.)
Trader with an Edge.
  • #838,253
  • Sep 16, 2024 5:39am Sep 16, 2024 5:39am
Quoting Whale
{quote} Based dxy they will short it at NY but after it will keep rising again. FOMC will be from the top of the top.
Million dollar question is where is the top… I can’t see shorting a good option right now (even though I’m stuck in a short from last week)
Insane in the Brain..
  • #838,254
  • Sep 16, 2024 5:40am Sep 16, 2024 5:40am
What's up with this monster rally on an early monday.....
  • #838,255
  • Sep 16, 2024 5:42am Sep 16, 2024 5:42am
Quoting BeeTogether
{quote} Million dollar question is where is the top… I can’t see shorting a good option right now (even though I’m stuck in a short from last week)
i will short around 1.324, maybe right to say i will
look for short there.

and today i will look to long to this area.
after i'll cash my gold great short
  • #838,256
  • Sep 16, 2024 5:43am Sep 16, 2024 5:43am
Quoting jordanvic
What's up with this monster rally on an early monday.....
Hi. As others have speculated, it's possibly the market pricing in the chances of a bigger than -0.25% rate cut by the Fomc this coming Weds?
Trader with an Edge.
  • #838,257
  • Sep 16, 2024 5:43am Sep 16, 2024 5:43am
short 3198
for 20 to 25 pips only
Intraday only.
  • #838,258
  • Sep 16, 2024 5:49am Sep 16, 2024 5:49am
Quoting knkie
{quote} i usually buy when price is going up and sell when price is going down

Not a bad strategy
Don't Leave Money on the Table
  • #838,259
  • Sep 16, 2024 5:51am Sep 16, 2024 5:51am
Quoting BeeTogether
{quote} 132 is not resisting at all this could blow big up
It's always difficult to have a reversal against Intraday sentiment until about 1500 to 1700 GMT. Therefore, it's possible buyers will continue to accelerate until that period.

The truth as pointed out by you is that we missed the beginning of the Buyer's party. The technicals confirms it.

Need to be patient and join again with 4 hourly trend to ride the wave.

In most cases, Swing traders can see like two signals in a week and max is 3 signals.

Will continue to be on the lookout.
Market Structure is the King.....
  • #838,260
  • Sep 16, 2024 5:53am Sep 16, 2024 5:53am
Quoting HaLBot
{quote} Not a bad strategy
Many usually sell when price going up

buy when price going down.

I mostly do in that way.

Intraday only.
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