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Cable Update (GBPUSD)

  • #838,741
  • Sep 19, 2024 6:03am Sep 19, 2024 6:03am
Still holding longs profit still being locked in
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Master your mind. Master Trading.
  • #838,742
  • Sep 19, 2024 6:06am Sep 19, 2024 6:06am
Boom 133 SL now set to b/e 13270
Insane in the Brain..
  • #838,743
  • Sep 19, 2024 6:09am Sep 19, 2024 6:09am
I will be shorting anything near WR3 at 3345. I expect price to close below it for the week since it missed the pivot. Just my thoughts.
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  • #838,744
  • Sep 19, 2024 6:13am Sep 19, 2024 6:13am
...vote was wider than forecast. 3314 the current dly/wkly/mthly/yrly hi - which is Yrly R1.

1hr below
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Trader with an Edge.
  • #838,745
  • Sep 19, 2024 6:17am Sep 19, 2024 6:17am
Damn bounced off 13314 …. One more push needed
Insane in the Brain..
  • #838,746
  • Sep 19, 2024 6:46am Sep 19, 2024 6:46am
Back to pre BoE area.. maybe time out
Insane in the Brain..
  • #838,747
  • Sep 19, 2024 7:01am Sep 19, 2024 7:01am
Breaks previous top now watching for signal at 3260 for correction down! So range top to correct probable , if correct at least below 3242/18. So initially test running , , main will below signal done ! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,748
  • Sep 19, 2024 7:28am Sep 19, 2024 7:28am
the daily just like that is bullish
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #838,749
  • Sep 19, 2024 7:41am Sep 19, 2024 7:41am
Looking at the daily in 1M the 13290 area seems to be a resistance area could be next area of interest a break above takes us into 133-13330 area. US data was a mixed bag however the jobless count was green so we that could enable a slowing of the bull run
Insane in the Brain..
  • #838,750
  • Sep 19, 2024 7:41am Sep 19, 2024 7:41am
And again.... good numbers from US. I already said it yesterday: The cut was too big and too soon. If also inflation numbers will go up next 3 months FED will be in big trouble to raise rates again. US is not cooling down as other states. I also found powells behaviour yesterday quite inappropriate. Means he knows sth. is fishy or at least a gamble to cut rates more than market expected.

All were relaxed yesterday after cut. I can understand that. But only if eveyone wants the cuts you have to watch the economy. Spike up on USD on numbers today... means people know this is not a good sign of cooling down, selling their shorts from the morning against USD...
  • #838,751
  • Sep 19, 2024 7:52am Sep 19, 2024 7:52am
Closed this morning waiting sidelines now
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Master your mind. Master Trading.
  • #838,752
  • Sep 19, 2024 7:54am Sep 19, 2024 7:54am
133 seems distant. However I suppose this move is from decent ish US data NYO in 45 mins
Insane in the Brain..
  • #838,753
  • Sep 19, 2024 7:56am Sep 19, 2024 7:56am
Buy here at 3243. Holding this for 1.34.
Reason: see weekly chart for EU and it's a triangle priming to fly up to above 1200. GU weekly also shows a bullish weekly.
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  • #838,754
  • Sep 19, 2024 7:59am Sep 19, 2024 7:59am
Quoting Mitiblotch
Buy here at 3243. Holding this for 1.34. Reason: see weekly chart for EU and it's a triangle priming to fly up to above 1200. GU weekly also shows a bullish weekly. {image}
if we get back to 133 then 13350 would be TP area before a move down and then upto 134 zigzag however this is all quite relative we may break below the 132 still
Insane in the Brain..
  • #838,755
  • Sep 19, 2024 8:17am Sep 19, 2024 8:17am
in long 1.3254
no sl
tp-1.3340
  • #838,756
  • Sep 19, 2024 8:21am Sep 19, 2024 8:21am
Quoting BeeTogether
{quote} if we get back to 133 then 13350 would be TP area before a move down and then upto 134 zigzag however this is all quite relative we may break below the 132 still
I have 3356 as an area that might give some headache.
  • #838,757
  • Sep 19, 2024 8:32am Sep 19, 2024 8:32am
Quoting Mitiblotch
Buy here at 3243. Holding this for 1.34. Reason: see weekly chart for EU and it's a triangle priming to fly up to above 1200. GU weekly also shows a bullish weekly. {image}
no stop??
the cautious seldom err....C
  • #838,758
  • Edited 9:42am Sep 19, 2024 8:40am | Edited 9:42am
Quoting Bones
the daily just like that is bullish {image}
Yeah attempted ok but this whole leg in correction only may enough done , may not able test next bounce target 3743 so soon! So subject tank great before also. Anyway still bull running!
Failure may signal breaking 2990 , to below 2034 or 1800 , huge difference before next bull.
Weekly is more alarming for bull !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,759
  • Sep 19, 2024 8:43am Sep 19, 2024 8:43am
Quoting pipfarm
{quote} Although it may seem like it , i am not actually doing elliott wave counts, what i look for is a correction on one timeframe which is moving against the larger degree wave ( not to be confused with timeframe) , then i look to see if i can recognise the corrective pattern as described in elliott wave ie flats, zigzags etc then to enter i wait for the price to trend out of the correction. The answer to your question is H1 minor correction moving against the larger degree ( not timeframe) wave, with M15 to view the internal structure and in...
Thanks a lot.
Perfectly got it.
Market Structure is the King.....
  • #838,760
  • Sep 19, 2024 8:45am Sep 19, 2024 8:45am
Based on market structure, market can drop to 1.315 zone but must not lower in order to maintain bullish trend.
With courage, patience, and discipline, success is a matter of time.
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