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Cable Update (GBPUSD)

  • #839,321
  • Sep 24, 2024 10:11am Sep 24, 2024 10:11am
Quoting BeeTogether
{quote} 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
There is a minor resistance far to the left at 13440

From a wave perspective i would expect this current swing up to keep on subdividing as it is the trend swing for this move , it can lead to traders thinking the trend is weakening when infact it is gathering liquidity , i could be wrong but i will draw a trendline under from the first swing on m15 to the next HL and if that breaks with a close will see if i should close the trade.
Follow The Markets Structure - Patience and Discipline
  • #839,322
  • Edited 12:43pm Sep 24, 2024 10:31am | Edited 12:43pm
Quoting Orand
long at 1.3375 Sl : 1.3360 Tp : TBD(tp set to 1 3405)
close at 1.3385
------------------
Short at 1.3380
Sl : 1.3395(sl hit)
Tp : TBD
------------------
Today Status : (10pip,-15pip ) , Total : -5pip
Today Win Ratio : 1/2 or 50%
  • #839,323
  • Sep 24, 2024 10:34am Sep 24, 2024 10:34am
Quoting BeeTogether
{quote} 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
why 13425 , for me 13440 looks more like a target, its 4fvg, also 1.68 extension of last correction
  • #839,324
  • Sep 24, 2024 10:39am Sep 24, 2024 10:39am
Quoting Ziemowit
{quote} why 13425 , for me 13440 looks more like a target, its 4fvg, also 1.68 extension of last correction
my daily target income lol
Insane in the Brain..
  • #839,325
  • Sep 24, 2024 10:40am Sep 24, 2024 10:40am
For gbpusd working a little for correction but no good bounce in usdx yet , very poor reaction still. Waiting
Breakout done , next early signal at 3359 , sr before to test gbpusd.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,326
  • Sep 24, 2024 10:44am Sep 24, 2024 10:44am
...the most immediate 30min rising wedge breached to the downside. Maybe the 5min+ regular bearish div kicked in @ current dly hi, which is @ Wkly R1, and bottom of that prev v.minor dly sw hi zone = pot res that extends up to 3437? (This is what I am guessing Pipfarm means by '... minor resistance far to the left at 13440...' in his post above, and because it's from March 2022.)

30min then 1hr below
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Trader with an Edge.
  • #839,327
  • Sep 24, 2024 10:44am Sep 24, 2024 10:44am
Moved my SL to 13370 which it took. Back long again
Insane in the Brain..
  • #839,328
  • Sep 24, 2024 11:13am Sep 24, 2024 11:13am
Give me 1.11850
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Master your mind. Master Trading.
  • #839,329
  • Sep 24, 2024 11:24am Sep 24, 2024 11:24am
Again short at and above for few pips .. range up and down till usdx tanking or jumping .. very risky scalping !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,330
  • Sep 24, 2024 11:36am Sep 24, 2024 11:36am
Quoting pipfarm
{quote} There is a minor resistance far to the left at 13440 From a wave perspective i would expect this current swing up to keep on subdividing as it is the trend swing for this move , it can lead to traders thinking the trend is weakening when infact it is gathering liquidity , i could be wrong but i will draw a trendline under from the first swing on m15 to the next HL and if that breaks with a close will see if i should close the trade.
Stroke of luck, went out to get some food came back trendline broke but then price went up so closed for 27 pips, this is why cable is the worst fcuking pair to trade, now it will probably rocket up

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Follow The Markets Structure - Patience and Discipline
  • #839,331
  • Sep 24, 2024 11:54am Sep 24, 2024 11:54am
Eu
Master your mind. Master Trading.
  • #839,332
  • Sep 24, 2024 12:18pm Sep 24, 2024 12:18pm
Quoting pipfarm
{quote} Stroke of luck, went out to get some food came back trendline broke but then price went up so closed for 27 pips, this is why cable is the worst fcuking pair to trade, now it will probably rocket up {image}
went up and yet it’s not cracking 13399
Insane in the Brain..
  • #839,333
  • Sep 24, 2024 12:26pm Sep 24, 2024 12:26pm
Quoting BeeTogether
{quote} went up and yet it’s not cracking 13399
Better out of it , it looks like a crap swing anyway
Follow The Markets Structure - Patience and Discipline
  • #839,334
  • Edited 4:11pm Sep 24, 2024 12:32pm | Edited 4:11pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #839,335
  • Sep 24, 2024 12:35pm Sep 24, 2024 12:35pm
Quoting BeeTogether
{quote} went up and yet it’s not cracking 13399
I am out of GU. Weekly and Monthly Pivot are positioned within this zone therefore it's unnecessary for me to keep the trade overnight.
Market Structure is the King.....
  • #839,336
  • Sep 24, 2024 12:39pm Sep 24, 2024 12:39pm
Looking at this eurchf again , might get a short out of it


Looks like an upside MMs pattern complete on H4 with a new one starting on H1, price is sitting right on the old resistance swing which has broken to the downside

Not 100% on this one yet, trying to think of why the eur would go down against the chf

Higher timeframes up to the monthly all look short
Follow The Markets Structure - Patience and Discipline
  • #839,337
  • Sep 24, 2024 12:42pm Sep 24, 2024 12:42pm
Quoting Bones
{image}
It wasn't even my call. (And it hit the target first still w) My calls were made yesterday and both closed with profits. Don't cheat bones, these are cheap tricks for a grown man. congratulate me for w yesterday then we will talk
You have to have an IQ higher than 90 to interact with this user.
  • #839,338
  • Sep 24, 2024 12:51pm Sep 24, 2024 12:51pm
Personally i think we are getting very close to the end of this complete upswing from D1, already 5 waves up in what looks like an extending wave 3 , so maybe the rest of the week we will see a bigger correction , price action on H1 getting very confined to small ranges which might be another clue but as always do what the chart says and not what we think it might do.

Eurusd H4 already making the MMs pattern i believe and we will see some expansion to the upside before the drop
Follow The Markets Structure - Patience and Discipline
  • #839,339
  • Edited 1:10pm Sep 24, 2024 12:52pm | Edited 1:10pm
Quoting Zebi
{quote} nordling..your mistake was engaging in conversation with bonzey LOL it took me almost a year to get rid of him after I made that mistake LOL
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #839,340
  • Sep 24, 2024 12:56pm Sep 24, 2024 12:56pm
Quoting Bones
{quote} {image} {image}
Bones, don't you have anything useful to do instead of egging on people to argue with you? You seek attention more than my ex gf.

Please, let's not disrupt the thread and let this place clear out of drama just for 1 day... I know i am not as fun as i used to be...
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