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Cable Update (GBPUSD)

  • #838,261
  • Sep 16, 2024 5:56am Sep 16, 2024 5:56am
The price can come down to max 3168
Intraday only.
  • #838,262
  • Sep 16, 2024 5:58am Sep 16, 2024 5:58am
Quoting Abeylyn
{quote} 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.
Hi, as you will see from the 'signature' @ the bottom of each of my posts, I too am a swing trader (intraday) but mainly on the lower t/f's as a trigger for entry, and I have had 4 'swing point' trades today so far, all on 1min 3min or 5min candle close entry triggers, so re your assertion that you will see '..max 3 signals a week...,' you probably mean on the 1hr+ as a trigger for entry, and on one trading instrument do you?
Regards.
Trader with an Edge.
  • #838,263
  • Sep 16, 2024 6:01am Sep 16, 2024 6:01am
Quoting navk
{quote} Many usually sell when price going up buy when price going down. I mostly do in that way.


Many have said to make money in the markets you need to buy high and sell low
Don't Leave Money on the Table
  • #838,264
  • Sep 16, 2024 6:03am Sep 16, 2024 6:03am
Quoting Mitiblotch
I see price playing up here until the 18th except we close today below 3085 (daily pivot). After the 18th it will be a sustained fall to give a bearish month. Just my thoughts. Don't trade it!
Good stuff. Now short 3200.
SL 90 pips.
TP 200 pips.

I fully expect this trade to play out in my favour.
  • #838,265
  • Sep 16, 2024 6:04am Sep 16, 2024 6:04am
Quoting HaLBot
{quote} Many have said to make money in the markets you need to buy high and sell low
Jokes apart, following trend is sure winner.

I started to use band method in 15 min chart + reference line.

There are 2 entries in 15 min chart.

1 ) Last thursday
2 ) Today
Intraday only.
  • #838,266
  • Sep 16, 2024 6:07am Sep 16, 2024 6:07am
Quoting Headland
{quote} 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?
ah that make sense. Weird to do it on monday before US session
  • #838,267
  • Sep 16, 2024 6:08am Sep 16, 2024 6:08am
Quoting Mitiblotch
{quote} Good stuff. Now short 3200. SL 90 pips. TP 200 pips. I fully expect this trade to play out in my favour.
that would be great however this run is relentless
Insane in the Brain..
  • #838,268
  • Sep 16, 2024 6:08am Sep 16, 2024 6:08am
Quoting Headland
{quote} 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 {image}

People love to buy the rumors so yeah 1.32 maybe cannot hold.
With courage, patience, and discipline, success is a matter of time.
  • #838,269
  • Sep 16, 2024 6:10am Sep 16, 2024 6:10am
...today so far has been characterized by bullishness, and shallow p/backs (making no more than 5min bullish hidden div,) which have been bought. Unless the bears get their act together it may continue?

1hr below
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Trader with an Edge.
  • #838,270
  • Sep 16, 2024 6:15am Sep 16, 2024 6:15am
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yes yes yes
  • #838,271
  • Sep 16, 2024 6:24am Sep 16, 2024 6:24am
Quoting Headland
{quote} Hi, as you will see from the 'signature' @ the bottom of each of my posts, I too am a swing trader (intraday) but mainly on the lower t/f's as a trigger for entry, and I have had 4 'swing point' trades today so far, all on 1min 3min or 5min candle close entry triggers, so re your assertion that you will see '..max 3 signals a week...,' you probably mean on the 1hr+ as a trigger for entry, and on one trading instrument do you? Regards.
You are perfectly correct. I used 4 hour trend and operate with minimum of 30 minutes chart. That's the only high probability point for me to ride the trend up to at least minimum of 1.618 of the associated Fibonacci sequence. However, I pick key level using daily time frame.

All the earlier calls for buy were outside 4 hour trend for me, therefore had to stand aside.

Atm, looking for only Buy @ Pullback to either previous high that was broken to the upside, hourly Central or even lower Bollinger Band.

So many good traders here doing well by given good interpretation to market cyclical movement using strategic/unique approach.
Market Structure is the King.....
  • #838,272
  • Sep 16, 2024 6:51am Sep 16, 2024 6:51am
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yes yes yes
  • #838,273
  • Sep 16, 2024 7:32am Sep 16, 2024 7:32am
Quoting HaLBot
{quote} Many have said to make money in the markets you need to buy high and sell low
And sell high, buy higher.
And that's when their mouth silencer devices is activated
  • #838,274
  • Sep 16, 2024 7:33am Sep 16, 2024 7:33am
- Don't snack on the crumbs at a party.
- Don't vomit what the host is serving.
  • #838,275
  • Sep 16, 2024 7:37am Sep 16, 2024 7:37am
Quoting HaLBot
{quote} Many have said to make money in the markets you need to buy high and sell low
..and use a little MM , just to take the edge off...
  • #838,276
  • Edited 8:30am Sep 16, 2024 7:42am | Edited 8:30am
Quoting BeeTogether
{quote} that would be great however this run is relentless
Believe me, it's the trade of the month. Kindly do not miss it. Its going to smash 3000 this time and sink towards 2900 (my thoughts but I think it's highly provable).
  • #838,277
  • Sep 16, 2024 8:04am Sep 16, 2024 8:04am
Dxy bullish sign for NY.
  • #838,278
  • Sep 16, 2024 8:20am Sep 16, 2024 8:20am
Quoting Whale
Dxy bullish sign for NY.
sold 1.3208
tp 1.3154
sl will be set in the end of the hour
  • #838,279
  • Sep 16, 2024 8:21am Sep 16, 2024 8:21am
Quoting ScalaFX
short max 1.32
addd 2nd fat 3205
People don't plan to lose. They lose because they don't plan.
  • #838,280
  • Sep 16, 2024 8:29am Sep 16, 2024 8:29am
waiting for signal if for correction , gbpusd at 3186 and eurusd 1115. may get new highs even as gbpusd test breaks 3213! earliest gbpusd 3200! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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