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Cable Update (GBPUSD)

  • #839,581
  • Sep 26, 2024 3:50am Sep 26, 2024 3:50am
...meantime, price trades between a prev 30min sw hi then lo zone = pot rbs/supp -and- a prev 30min sw hi zone = pot res / 30min desc t/line / Daily Pivot / Fib.

1hr below
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Trader with an Edge.
  • #839,582
  • Sep 26, 2024 4:01am Sep 26, 2024 4:01am
...3 white soldiers close (?) on 4hr 1min ago.

4hr below
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Trader with an Edge.
  • #839,583
  • Sep 26, 2024 4:18am Sep 26, 2024 4:18am
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I am NOT that sure about the bearish potential of both curr. ......as I was earlier today...

I need to see more PA ...

  • #839,584
  • Sep 26, 2024 4:24am Sep 26, 2024 4:24am
seems the momentum is slowing down. There is. Fair bit of US data later anything green then the todays lows can be taken as the move up so far is still quite minimal
Insane in the Brain..
  • #839,585
  • Sep 26, 2024 4:30am Sep 26, 2024 4:30am
...by the way, just to be clear, I am not saying that the 1hr bearish hidden div referred to/shown earlier won't kick in, (I don't know - none of us do,) - but it is in a 'non-optimum' context re next higher t/f (+) so it has a lower, (<50%) probability of doing so, but sometimes the lower probability does play out! (In any event price must stay below 3411 for it to stay a valid pattern.) In case of downside below the current dly lo/y/day's lo, the most proximate downside fibs are below.

fibs graphic below
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Trader with an Edge.
  • #839,586
  • Sep 26, 2024 4:33am Sep 26, 2024 4:33am
Quoting meugampong
let see how long he will climb.. {image}
1st attemp Failed..
2nd Entry, long.. Target 1.34
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  • #839,587
  • Sep 26, 2024 4:51am Sep 26, 2024 4:51am
...3370 is 50% of y/day's 3429-3309 fall. 3385 is 61.8% of it. Price challenging pot sbr right now. Dly R1 is @/around 3397.

1hr below
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Trader with an Edge.
  • #839,588
  • Sep 26, 2024 4:54am Sep 26, 2024 4:54am
Quoting Headland
...3370 is 50% of y/day's 3429-3309 fall. 3370 is 61.8% of it. Price challenging pot sbr right now. Dly R1 is @/around 3397. 1hr below {image}
yup is 370 breaks north then before the data in a couple of hours we have a move to 134.
Insane in the Brain..
  • #839,589
  • Sep 26, 2024 4:57am Sep 26, 2024 4:57am
Quoting firsttimer
{quote} Copy trade. Similar setup with gu. {image}
stopped out of EU with protection trailing SL. no loss.

riding on gu now.
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  • #839,590
  • Sep 26, 2024 5:05am Sep 26, 2024 5:05am
Quoting BeeTogether
{quote} yup is 370 breaks north then before the data in a couple of hours we have a move to 134.
Hi. Not usually much of a revision in that Final U.s Gdp #, if at all, but we'll see.
Trader with an Edge.
  • #839,591
  • Sep 26, 2024 5:05am Sep 26, 2024 5:05am
Quoting BeeTogether
{quote} yup is 370 breaks north then before the data in a couple of hours we have a move to 134.

Lots of fireworkx coming up in 2.5 hours
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Don't Leave Money on the Table
  • #839,592
  • Edited 5:21am Sep 26, 2024 5:08am | Edited 5:21am
Yesterday was a bearish engulfing candle. I will trust it and hold till it hits 3270. No retreat, no surrender except price takes out the high of yesterday at 3429.
  • #839,593
  • Sep 26, 2024 5:26am Sep 26, 2024 5:26am
Quoting Mitiblotch
Yesterday was a bearish engulfing candle. I will trust it and hold till it hits 3270. No retreat, no surrender except price takes out the high of yesterday at 3429.
Hi. None of us know what's gonna happen, and there is certainly regular bearish div in my 2 x oscillators at least to support holding short re that dly bearish engulf y/day? But why do you trust it,? what are your reasons,? Do you perhaps know for example that over a representative historical sample to date bearish engulfings on this t/f, on this trading instrument, in that position/context, have a > 50% chance of seeing a downside follow-thru, even after a p/back within the body of the candle? Thanks.

Dly below
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Trader with an Edge.
  • #839,594
  • Sep 26, 2024 5:34am Sep 26, 2024 5:34am
134-13450 potential good areas for a decent drop. However if the UK remains mildly hawkish whilst US dovish we could see the higher area from 2022
Insane in the Brain..
  • #839,595
  • Sep 26, 2024 5:36am Sep 26, 2024 5:36am
where are you man @Waveskierrob vs @Wavegarrick
need some meme and your jokes pal.. ..

sleepy.. zzzzzz
  • #839,596
  • Sep 26, 2024 5:37am Sep 26, 2024 5:37am
Quoting Headland
{quote} Hi. None of us know what's gonna happen, and there is certainly regular bearish div in my 2 x oscillators at least to support holding short re that dly bearish engulf y/day? But why do you trust it,? what are your reasons,? Do you perhaps know for example that over a representative historical sample to date bearish engulfings on this t/f, on this trading instrument, in that position/context, have a > 50% chance of seeing a downside follow-thru, even after a p/back within the body of the candle? Thanks. Dly below {image}
I fully anticipated the pullback that's why I had to enter with a sell limit. In fact, I am happy with 61.8% pull back before further dump. If that total bearish engulfing on the daily should work out like it usually does then we should see lower than yesterday's low. I will patiently wait for it.
  • #839,597
  • Sep 26, 2024 5:40am Sep 26, 2024 5:40am
Quoting meugampong
{quote} 1st attemp Failed.. 2nd Entry, long.. Target 1.34 {image}
anyone with me ?
  • #839,598
  • Sep 26, 2024 5:41am Sep 26, 2024 5:41am
Quoting fontu
Likely bounce towards 3364 limit to 70 possible but closed below 3350 to wait for next scalping .take care {image}
Short activated at 3370 to see what happen ! Again exaggerated bounce as in bull market !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,599
  • Sep 26, 2024 5:42am Sep 26, 2024 5:42am
Quoting meugampong
{quote} anyone with me ?
mate I’m long been long since yesterday
Insane in the Brain..
  • #839,600
  • Sep 26, 2024 5:43am Sep 26, 2024 5:43am
Quoting Mitiblotch
{quote} I fully anticipated the pullback that's why I had to enter with a sell limit. In fact, I am happy with 61.8% pull back before further dump. If that total bearish engulfing on the daily should work out like it usually does then we should see lower than yesterday's low. I will patiently wait for it.
Thanks for your reply. Good luck with your trade.
Trader with an Edge.
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