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Cable Update (GBPUSD)

  • #839,401
  • Sep 25, 2024 2:47am Sep 25, 2024 2:47am
So let it go to 3340 probably nonstop ,waiting
And eurusd , still to reconfirm 1185 breaks and to below 1164 , may 1150 !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,402
  • Sep 25, 2024 2:50am Sep 25, 2024 2:50am
Quoting HaLBot
{quote} And up we go

Hahaha spoke to soon....still think it's gonna go up but that's my opinion
Don't Leave Money on the Table
  • #839,403
  • Sep 25, 2024 2:54am Sep 25, 2024 2:54am
...so, we have a 1st downside b/o of firstly y/day's hi, then the Asian lo - all from another new current yrly hi today @ the Asian/current dly hi. The 1hr and 4hr rising wedges broke to the downside, but the 4hr rising channel is still intact, and per a previous post. There are repeating patterns of bullish hidden div on 30min and 1hr.
Price presently remains above last wk's 3340 hi, (and last mth's 3266 hi,) and is currently around the Daily Pivot.
Trader with an Edge.
  • #839,404
  • Sep 25, 2024 3:01am Sep 25, 2024 3:01am
In long -1.3387— daily pivot
Tp-1.3441- R1
sl- none
  • #839,405
  • Sep 25, 2024 3:31am Sep 25, 2024 3:31am
Quoting Headland
...30min and 1hr bullish hidden div present now. The 30min pattern might stay valid whilst price above 3367 if develops further on a deeper drop. 1hr whilst above 3332. ...
...over 50% of y/day's lo-current dly hi given back @ current p/back lo (/ current dly lo) in the 1hr+ general uptrends. Intraday is bearish so far, and the intraday character so far is selling small p/backs. Bullish hidden div per quote above is still present.

1hr below
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Trader with an Edge.
  • #839,406
  • Sep 25, 2024 3:31am Sep 25, 2024 3:31am
Target. 133.50
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  • #839,407
  • Sep 25, 2024 3:37am Sep 25, 2024 3:37am
short term bias sell
gbpusd 1h char
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""TP is whatever you can get before it goes against you.""
  • #839,408
  • Sep 25, 2024 3:39am Sep 25, 2024 3:39am
CHF day
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  • #839,409
  • Sep 25, 2024 3:39am Sep 25, 2024 3:39am
every trade gave 10 pips profit atleast
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yes yes yes
  • #839,410
  • Sep 25, 2024 3:47am Sep 25, 2024 3:47am
Quoting pipfarm
{quote} Nothing to get excited about so far {image}
Stopped out of this one, you can not win them all
Follow The Markets Structure - Patience and Discipline
  • #839,411
  • Sep 25, 2024 3:53am Sep 25, 2024 3:53am
The drop was impressive, not sure if it’s slowing down or just taking a break. Might have gone in too quick for a move up
Insane in the Brain..
  • #839,412
  • Sep 25, 2024 3:57am Sep 25, 2024 3:57am
Quoting BeeTogether
The drop was impressive, not sure if it’s slowing down or just taking a break. Might have gone in too quick for a move up

Yes after a pullback like that we expect some buying....
Don't Leave Money on the Table
  • #839,413
  • Sep 25, 2024 3:59am Sep 25, 2024 3:59am
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My situation : Short in both. It is amazing how well is E. holding up fttb....

No reason to set targets as yet. Most of you are showing the right ones. We have plenty of time for that.

Enjoy.

  • #839,414
  • Sep 25, 2024 4:00am Sep 25, 2024 4:00am
...because it is 30min and/or 1hr bullish hidden div, I've been waiting till a 2hr or 4hr (next higher t/f's) level respectively, but they are lower down re pot rbs, and 30min would be invalidated anyway, so is difficult to time a long/buy entry and get it right, as really just leaves the fibs. Perhaps an upside break of current intraday character and p/back might be the thing, if it develops?
--------------------------------------------------

... gmt/utc+3 price feed 4hr just closed very bearishly.

4hr below
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Trader with an Edge.
  • #839,415
  • Sep 25, 2024 4:05am Sep 25, 2024 4:05am
So we've been heading down from 3424 for the last 5 hours and what I always wonder is who suddenly decides it's time to buy?
Someone/firm must make that decision

Do they decide it's top of the hour lets go long??
Don't Leave Money on the Table
  • #839,416
  • Sep 25, 2024 4:11am Sep 25, 2024 4:11am
Quoting HaLBot
So we've been heading down from 3424 for the last 5 hours and what I always wonder is who suddenly decides it's time to buy? Someone/firm must make that decision Do they decide it's top of the hour lets go long??
...Remember that when price is dropping, it's looking for buyers to fill the imbalance of supply over demand, and it will continue to drop till that imbalance reverses. (Of course vice-versa is true when price is rising.) Even @ the retail level we all know where 'the levels' are, and the big institutions/market makers tend to be on longer t/f's anyway. Small pullbacks are generally profit taking/smaller institution/player led, and retailers climb on the back of them. It's all about seeking out liquidity re stops/limits and hoping that others' see the reaction, and climb on board.
Trader with an Edge.
  • #839,417
  • Sep 25, 2024 4:19am Sep 25, 2024 4:19am
Quoting HaLBot
So we've been heading down from 3424 for the last 5 hours and what I always wonder is who suddenly decides it's time to buy? Someone/firm must make that decision Do they decide it's top of the hour lets go long??
Man,

I enjoy immenesly this question..................................

  • #839,418
  • Sep 25, 2024 4:28am Sep 25, 2024 4:28am
Quoting pipfarm
{quote} Stopped out of this one, you can not win them all
For the record the error made was counting five lower degree waves in C impulse

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Follow The Markets Structure - Patience and Discipline
  • #839,419
  • Sep 25, 2024 4:29am Sep 25, 2024 4:29am
...the descending dotted pink lines aren't really 30min t/lines as they don't join fractal swing hi's on that t/f, (maybe on a lower t/f,) but an upside breach of them may give an indication that the intraday character has changed? Price has met some demand in a prev 1hr sw lo zone = pot supp.

1hr below
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Trader with an Edge.
  • #839,420
  • Sep 25, 2024 4:32am Sep 25, 2024 4:32am
Quoting HaLBot
So we've been heading down from 3424 for the last 5 hours and what I always wonder is who suddenly decides it's time to buy? Someone/firm must make that decision Do they decide it's top of the hour lets go long??

Thanks for the responses
Don't Leave Money on the Table
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