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Cable Update (GBPUSD)

  • #838,821
  • Edited 4:38pm Sep 20, 2024 3:19am | Edited 4:38pm
Quoting BeeTogether
Might be a bit early to say this but we could have seen the days highs if 133 is broken. Not to say it’s a downward move. Looking on 1m there has been a steady trickle of red candles. This could change at VC any time. Also 13340 was the area that I believe Miti mentioned as an area of resistance
Could be good for a few pips,
'In the clearing stands a boxer And a fighter by his trade..'
  • #838,822
  • Sep 20, 2024 3:20am Sep 20, 2024 3:20am
Quoting TheHusla
Busy yesterday couldn't trade. Today GA, QML zone rejection. Breakeven at fill of FVG. {image} {image}
- TP!
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  • #838,823
  • Sep 20, 2024 3:24am Sep 20, 2024 3:24am
Carefully watch 3280/72 , no tp though
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,824
  • Sep 20, 2024 3:34am Sep 20, 2024 3:34am
Quoting Bones
{quote} his target is a problem even if it sold off a bit, based on everything I already said
failed again that's ok dont worry about it...
  • #838,825
  • Sep 20, 2024 3:38am Sep 20, 2024 3:38am
Quoting trumps
{quote} You’re talking to the meme queen who struggles to answer questions themselves. Keep your expectations realistic.
I'm sorry which question did I fail to answer, post it and I will do up most to answer....as for meme queen don't know what your talking about...
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  • #838,826
  • Sep 20, 2024 3:42am Sep 20, 2024 3:42am
Quoting trumps
{quote} Maybe you can point the foresight out to me. Was it move down from resistance he correctly forecasted?
Compulsions can be hard to resist
  • #838,827
  • Sep 20, 2024 3:42am Sep 20, 2024 3:42am
Quoting Bones
{quote} his target is a problem even if it sold off a bit, based on everything I already said
You can lead a horse to water…..
Compulsions can be hard to resist
  • #838,828
  • Sep 20, 2024 3:50am Sep 20, 2024 3:50am
Quoting fontu
Carefully watch 3280/72 , no tp though {image} {image}
move down seems to have slowed, could see a reaction up move 13320 unless it settles below 133 in the 4H
Insane in the Brain..
  • #838,829
  • Sep 20, 2024 4:03am Sep 20, 2024 4:03am
H5 close at 3272 and daily close at 3243 compete possible today !;
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,830
  • Sep 20, 2024 4:06am Sep 20, 2024 4:06am
G/M, big almost twice 30day adr bullish dly candle y/day, and today so far an upside follow-thru - helped by better than forecast UK data earlier for a (false) first 1st upside b/o of Asian hi, then y/day hi, price meeting supply @ a new current dly/wkly/mthly/yrly hi @/around Wkly R3. Re; calculated pivots, above that Wkly R3 are Dly R1 @/around 3348 then Mthly R1 @/around 3376, then Dly R2 @/around 3411.

Wkly, dly, 4hr and 1hr are all in general uptrends, and intraday is currently bullish.

1hr below
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Trader with an Edge.
  • #838,831
  • Sep 20, 2024 4:15am Sep 20, 2024 4:15am
13290 seems to be support area, if broken back to opening area
Insane in the Brain..
  • #838,832
  • Sep 20, 2024 4:23am Sep 20, 2024 4:23am
...price @ current p/back lo (off that current dly hi) is @ the confluence of 4 separate prev swing zones - a prev 1hr sw hi zone =pot rbs, a prev minor 1hr/minor 4hr sw hi zone = pot rbs, a prev 1hr sw lo zone = pot supp (all on 1hr chart in post above,) and top of a wide prev 4hr sw hi zone = pot rbs (this one shown on 4hr chart below.) Actually, 5 if you include the prev dly/wkly sw hi zone = pot rbs that begins @ 3298.

133% of 13wk (1/4yr) awr traveled by price so far this week, lo-hi.

4hr below
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Trader with an Edge.
  • #838,833
  • Sep 20, 2024 4:40am Sep 20, 2024 4:40am
... Just for info -on my 2 x osc's there are repeating patterns (of varying historical strengths,) of bearish regular div from 5min all the way up to wkly t/f.

1hr and 5min shown below (by way of eg.)
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Trader with an Edge.
  • #838,834
  • Sep 20, 2024 4:52am Sep 20, 2024 4:52am
...you can see on the mthly how, @ current dly hi, price just poked it's nose above that prev sw lo zone = pot sbr that began @ 3161 on the t/f, to the 76.4% of the longer-term 4249-0327 move

Mthly below
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Trader with an Edge.
  • #838,835
  • Sep 20, 2024 4:53am Sep 20, 2024 4:53am
Running a short for eu
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Master your mind. Master Trading.
  • #838,836
  • Sep 20, 2024 5:06am Sep 20, 2024 5:06am
...there will very likely be buy-the-dip participants in an overall strongly bullish market like this, certainly if the past is anything to go by. How strong are the bears?

1hr below
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Trader with an Edge.
  • #838,837
  • Sep 20, 2024 5:08am Sep 20, 2024 5:08am
Quoting pipfarm
Some losses Friday, that is trading , day off monday, back to work, some ongoing trades 13.5 k net so far {image}
Profit on these trades has reached an incredible amount, we are talking nearly 6 figures

All the Yen trades were the same set up , C wave of a correction to the upside in effect the reverse of taking a with the swing trade


D1 was showing an A abc B correction to the downside with c in b being an impulse which confirmed the end of B so what should follow is another impulse C to the upside to complete ABC .

I would not normally take this kind of trades unless it is the first correction back after the break down.
Follow The Markets Structure - Patience and Discipline
  • #838,838
  • Sep 20, 2024 5:16am Sep 20, 2024 5:16am
Quoting Moty
{image}
show me the signal
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yes yes yes
  • #838,839
  • Sep 20, 2024 5:24am Sep 20, 2024 5:24am
There is potential for a bearish expanding triangle pattern on 1hr. we already have Points 1, 2 and 3. Point 4 (long) will be a fib extension of move 2-3, and then Point 5 (short) will be a fib retrace or ext of move 3-4, if the pattern is true?

1hr below
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Trader with an Edge.
  • #838,840
  • Sep 20, 2024 5:37am Sep 20, 2024 5:37am
Quoting axecap
{quote} daily close 100.6
875 done,
'In the clearing stands a boxer And a fighter by his trade..'
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