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Cable Update (GBPUSD)

  • #839,281
  • Sep 24, 2024 6:25am Sep 24, 2024 6:25am
Quoting ScalaFX
{quote} 3043 is the target? My 3100
1.3043 comes from Jul 19th and was an estimated target for longs back in time, forgot to remove
Can't recall what the heck purple 1.3372 is either, lol. But it has found an old POC 1.3377 from March '23, sad that I'm on sell side

My targets are those solid dark, red, orange, etc. Representing different tfs
Air force
  • #839,282
  • Sep 24, 2024 6:34am Sep 24, 2024 6:34am
August 600 pips...September so far 360..7 days left until the end of the month! shorts don't seem like the best logic to me
  • #839,283
  • Sep 24, 2024 6:47am Sep 24, 2024 6:47am
Quoting chess king
August 600 pips...September so far 360..7 days left until the end of the month! shorts don't seem like the best logic to me
Maybe 1.3420 area as possible high, not expecting another mammoth 600 pips this September again... The average quarterly range is 600 pips, so far this quarter has done 770 pips, while average monthly range is 400 pips, so far this month has recorded 380 pips... All these readings shows possible attainment of average ranges for both monthly and quarterly... So a possible 200 pips retracement cannot be ruled out to 1.3200 minimum.
Data + Stat + Risk/Emotions Management
  • #839,284
  • Sep 24, 2024 6:50am Sep 24, 2024 6:50am
BTC kicked me off one more time but I know we can squezee some more from it, opened sell 63450, pendings 63700, 64000, SL 65500, target still 50k
People don't plan to lose. They lose because they don't plan.
  • #839,285
  • Sep 24, 2024 6:55am Sep 24, 2024 6:55am
Quoting Georginson
{quote} Maybe 1.3420 area as possible high, not expecting another mammoth 600 pips this September again... The average quarterly range is 600 pips, so far this quarter has done 770 pips, while average monthly range is 400 pips, so far this month has recorded 380 pips... All these readings shows possible attainment of average ranges for both monthly and quarterly... So a possible 200 pips retracement cannot be ruled out to 1.3200 minimum.
3420/50 is my short point .let me see if it gets there..and how it gets there!
  • #839,286
  • Sep 24, 2024 7:23am Sep 24, 2024 7:23am
Quoting pipfarm
{quote} Talking of repeating patterns - A (abc B ) C EURNZD - see the impulse at the end of the correction - in a bit early so expecting a correction before it really gets underway {image} AUDNZD - same corrective pattern H4 - trending down but not really going anywhere at the moment {image}
Now - market makers pattern every time (expanding flat)

Set GU to break even - take profit done on EURNZD +40 which is good for H1 range , might go lower 2.5 K on an H1 trade not bad plus nearly 3k floating with GU and audnzd looking like they are about to start moving

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 25 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM15.png Size: 28 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 27 KB
Follow The Markets Structure - Patience and Discipline
  • #839,287
  • Edited 8:56am Sep 24, 2024 7:35am | Edited 8:56am
Checking usdx , a shakeout possible before bounce up !
And so gbpusd may take chance test 3411 !
ANd if usdx act a little a after long inactivity then eurusd should test previous low , even may today if happen !
And gbpusd jump down with double speed !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: download - 2024-09-24T163416.338.png Size: 20 KB
Click to Enlarge Name: download - 2024-09-24T175323.910.png Size: 21 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,288
  • Sep 24, 2024 7:49am Sep 24, 2024 7:49am
6M chart…
maybe price wanna get 1.375 first?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0619.png Size: 43 KB
  • #839,289
  • Sep 24, 2024 7:49am Sep 24, 2024 7:49am
GBPUSD- cleaned out the shorts again and H1 is trending up

Stop at B/E - unfortunately i entered with 1 position so unable to take partial , might start splitting my positions in two again

EURNZD - made a new low as it should if trade is correct but looks like a single wave so far.
AUDNZD 23 pips up so far and moving slowly


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 24 KB
Follow The Markets Structure - Patience and Discipline
  • #839,290
  • Sep 24, 2024 7:52am Sep 24, 2024 7:52am
Quoting Whale
6M chart… maybe price wanna get 1.375 first? {image}
You could be right, look at what lays before , there is a nice 5 wave pattern down on Monthly but that is as far as i can go as do not have yearly to see where the 5 waves down fit in.
Follow The Markets Structure - Patience and Discipline
  • #839,291
  • Sep 24, 2024 8:03am Sep 24, 2024 8:03am
Was thinking to short EURCHF as there is a nice pattern on H1 with an impulse at the end

That EURNZD , dropped like a brick after i closed but im happy with the 40
Follow The Markets Structure - Patience and Discipline
  • #839,292
  • Sep 24, 2024 8:23am Sep 24, 2024 8:23am
Quoting Whale
6M chart… maybe price wanna get 1.375 first? {image}
Man,
Formidable chart..... let s have a monthly , too.

Thank you,

  • #839,293
  • Sep 24, 2024 8:24am Sep 24, 2024 8:24am
Crazy , not even a pb


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM15.png Size: 28 KB
Follow The Markets Structure - Patience and Discipline
  • #839,294
  • Sep 24, 2024 8:26am Sep 24, 2024 8:26am
Have set GU long at b/e 13355
Push to 134 seems to have slows down however teasing those levels could mean it will smash through. If not a rejection may start
Insane in the Brain..
  • #839,295
  • Sep 24, 2024 8:31am Sep 24, 2024 8:31am
Posted this chart weeks ago , here it is again with internals


5 waves down

1 is an impulse

2 corrective A (abc B) C impulse ( complete zigzag)

3 is an impulse

4 is corrective A (abc B) C is an impulse ( complete wave is an irregular flat)

5 is an impulse

From here we could go to 4200 - 4300 to make the first leg of a correction ABC


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 28 KB
Follow The Markets Structure - Patience and Discipline
  • #839,296
  • Sep 24, 2024 8:33am Sep 24, 2024 8:33am
Again last leg having top failure , so watching for more correction , hold or not though
Price likely below 3375, early signal down 3468. So next bounce if in between , say 3371
Attached Image (click to enlarge)
Click to Enlarge Name: download - 2024-09-24T173146.256.png Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,297
  • Sep 24, 2024 8:40am Sep 24, 2024 8:40am
Eu wants to see 1.11850
Master your mind. Master Trading.
  • #839,298
  • Sep 24, 2024 8:43am Sep 24, 2024 8:43am
Quoting F.g
{quote} Man, Formidable chart..... let s have a monthly , too. Thank you,
I wanna see dip to buy.. 3 month to go on this candle..
350 pips to go.
  • #839,299
  • Sep 24, 2024 8:43am Sep 24, 2024 8:43am
Quoting KareemAliFx
Eu wants to see 1.11850
maybe 1080
  • #839,300
  • Sep 24, 2024 8:47am Sep 24, 2024 8:47am
Quoting rehmatkhan00
{quote} maybe 1080
is okay I break even at 1.1115 but so much Liq at 1.11850 we gotta visit it !
Master your mind. Master Trading.
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