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Cable Update (GBPUSD)

  • #839,301
  • Sep 24, 2024 6:47am Sep 24, 2024 6:47am
GBPUSD can make as many corrections as it likes on the M15 i am in till the end , stop out or take profit
Follow The Markets Structure - Patience and Discipline
  • #839,302
  • Sep 24, 2024 6:52am Sep 24, 2024 6:52am
Quoting KareemAliFx
{quote} is okay I break even at 1.1115 but so much Liq at 1.11850 we gotta visit it !
also too much liquidity on downside therefore I will stay neutral until one of them is broken.
  • #839,303
  • Edited 7:09am Sep 24, 2024 6:58am | Edited 7:09am
long at 1.3375
Sl : 1.3360
Tp : TBD(tp set to 1 3405)
  • #839,304
  • Sep 24, 2024 7:07am Sep 24, 2024 7:07am
Eu
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Master your mind. Master Trading.
  • #839,305
  • Sep 24, 2024 7:10am Sep 24, 2024 7:10am
Quoting BeeTogether
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

well done holding , we have a new high , market makers tactic failed to scare us out of position, they will keep pushing it back to find liquidity for the buy side , more shorts taken out more profit for them but they are not getting our profit yet

Nearly a 10k day for me , might call it quits soon , still have my longer terms trades in huge profits.

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Follow The Markets Structure - Patience and Discipline
  • #839,306
  • Sep 24, 2024 7:17am Sep 24, 2024 7:17am
Quoting pipfarm
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 {image}
What an entry, these pushes with no pullbacks are not good conditions for me.
Just not getting my usual confirms for entry currently so am on the sidelines but killer killer entry mate! congrats!
  • #839,307
  • Sep 24, 2024 7:17am Sep 24, 2024 7:17am
Quoting pipfarm
{quote} well done holding , we have a new high , market makers tactic failed to scare us out of position, they will keep pushing it back to find liquidity for the buy side , more shorts taken out more profit for them but they are not getting our profit yet Nearly a 10k day for me , might call it quits soon , still have my longer terms trades in huge profits. {image}
well done mate! My thinking is if I can trade at SL at b/e worse that can happen is I don’t make anything. But can re enter at a better area either up or down
Insane in the Brain..
  • #839,308
  • Edited 7:37am Sep 24, 2024 7:18am | Edited 7:37am
News time watching usdx , extension 4 done enough to see if any good reaction up ! Take care

There looks a reaction at last , watching limit and signal to hold first !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,309
  • Sep 24, 2024 7:22am Sep 24, 2024 7:22am
Didn’t expect such an aggressive move that’s wonderful definitely banking and reversing to a potential short at 1.11850
Master your mind. Master Trading.
  • #839,310
  • Sep 24, 2024 7:27am Sep 24, 2024 7:27am
Quoting BeeTogether
{quote} well done mate! My thinking is if I can trade at SL at b/e worse that can happen is I don’t make anything. But can re enter at a better area either up or down

Once the swing trends one t/f below the entry one then barring any spikes stop loss can be set at the higher low, re-entering is difficult because your having to go through the whole process again and you will notice the pbs are different to the original correction on H1 that set the whole move up.

Market makers know most traders will not even see the exp flat on H1 and get blindsided with breaks of structure etc (ict and smc bs)
Follow The Markets Structure - Patience and Discipline
  • #839,311
  • Sep 24, 2024 7:30am Sep 24, 2024 7:30am
...back @ desk updating charts. 100% of 6mth amr reached now @ current dly hi, and for many Wkly R1 too. circa 3400, -3437 is, as mentioned, a prev very minor dly sw hi zone = pot res (from March 2022,) that contains; @/around 3429 =Dly R2, & 1.618% ext of the 3266-3001 move.

So far if anyone has been shorting and holding for a cricket score, they've either been stood on their head or their screens are upside down re this pairing! But hey, it's gotta come down some time, hasn't it? Lol.

Dly below
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Trader with an Edge.
  • #839,312
  • Sep 24, 2024 7:35am Sep 24, 2024 7:35am
134 big strong so far lol
Insane in the Brain..
  • #839,313
  • Sep 24, 2024 7:38am Sep 24, 2024 7:38am
I taken short 1.3395 for few pips and see what happens..
  • #839,314
  • Sep 24, 2024 7:42am Sep 24, 2024 7:42am
...there is a narrowing rising wedge of sorts on 4hr. Price @ the current dly hi just about touched the bottom of that prev dly sw hi zone = pot res mentioned above, @/around Wkly R1.

4hr below
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Trader with an Edge.
  • #839,315
  • Sep 24, 2024 7:43am Sep 24, 2024 7:43am
Watching for probable breakout , signal and confirmation if with usdx ! Anyway only step by step follow ! Do not ot not now !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,316
  • Sep 24, 2024 7:44am Sep 24, 2024 7:44am
Quoting BeeTogether
134 big strong so far lol
I can not see where your getting this 3400 from
Follow The Markets Structure - Patience and Discipline
  • #839,317
  • Sep 24, 2024 7:44am Sep 24, 2024 7:44am
Quoting Fix-it
I taken short 1.3395 for few pips and see what happens..
..."and see what happens"
  • #839,318
  • Sep 24, 2024 7:51am Sep 24, 2024 7:51am
No stress…. Milking the market steady.
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  • #839,319
  • Sep 24, 2024 8:02am Sep 24, 2024 8:02am
Quoting pipfarm
{quote} I can not see where your getting this 3400 from
im looking at break above 134 as a TP auto has been set to 13425 ( I always trade on round numbers in 5s and 10s)

we are seeing an exhaustion in the longs 134 may hold if not a one last thrust to 13420 ish

on the flip a drop below 13350 I will look for 133
Insane in the Brain..
  • #839,320
  • Sep 24, 2024 8:03am Sep 24, 2024 8:03am
This audnzd trade has been worth the wait , been waiting since yesterday for some movement, over the 1-1 rr for now and trending down nicely

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Follow The Markets Structure - Patience and Discipline
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