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Cable Update (GBPUSD)

  • #839,721
  • Sep 26, 2024 6:47pm Sep 26, 2024 6:47pm
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You have to have an IQ higher than 90 to interact with this user.
  • #839,722
  • Edited 10:40pm Sep 26, 2024 8:49pm | Edited 10:40pm
Quoting fontu
Watching signal limit 3390 again , if breaks then bottom play again, anyway too restless market , may before great burst !! Take more care .{image} {image}
Overnight played 3390 limit , so at least no impulse have started yet , so continued crazy range correction! So logically a top failure in place for the last leg ups, likely price 3451 breaks below to 3320 play very possible even daily big burger making presently with repeated engulfing , present one has no wick above , can be marubozu , may not spike over the previous high today , likely do to 3410 3421 ok . May all down ! Watching .take care


Usdx daily so far ok in the bottom formation , just close today at 200.73 be enough in shaking out the market today ! Very possible at this end stage sickness !
So if survive crash may back test break previous 2020 low and enter US 2007 like recession , USD and economy both crash with more easing rate cuts followed by global recession in 2025 possible others rate cuts competition!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,723
  • Sep 26, 2024 9:03pm Sep 26, 2024 9:03pm
GU has fallen into range and a strong contention between the trend traders and range traders will be seen.

While trend traders will be willing to buy from 1.3360, range will be dragging price down to test current low at 1.3331/40.

Unfortunately for trend, market makers are also willing to retest the current low and except there is a change of sentiment at 1.3360 trend continuity expectation will fail.

Hoping to see a change in market makers sentiment to go long alternatively, I will join the sellers to retest the current low.

Good day all and need to trade safe today as the market shows a mixed sentiment.
Market Structure is the King.....
  • #839,724
  • Edited 9:24pm Sep 26, 2024 9:11pm | Edited 9:24pm
people have to ask themselves which country and economy is like the 6 million dollar man

Inserted Video


a little island country or the biggest superpower with the currency that rules the world

two daily charts for ur consideration gentlemen..the dollar and GBP...concentrate on the lines I drew from sept 16th

you have one currency that's at a multiyear support area on the monthly and then you have a pissant currency that's been falling since margret thatchers time in the 1980's that's "breakingout" without any permission from the dollar LOL

people are posting weekly and daily charts and getting a boner that this is a legit breakout to who knows where but the dollar not playing along and just in a tight range with all kinds of inside candles at the lows

people that trade daily and weekly are all shorting the weekly and daily GU closes....like halbot said ill be back to gloat when GU is at .3000
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short trump and go long the deepstate
  • #839,725
  • Sep 26, 2024 9:14pm Sep 26, 2024 9:14pm
The USD/JPY long position will soon be settled together with yesterday's New York position, as it has surpassed Fib 61.8. I think the range will probably be around 76.4.
It has also surpassed the New York high, so it is expected to be unstable.
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  • #839,726
  • Sep 26, 2024 9:29pm Sep 26, 2024 9:29pm
Quoting Zebi
people have to ask themselves which country and economy is like the 6 million dollar man https://youtu.be/ehiQk6fta2c?t=94 a little island country or the biggest superpower with the currency that rules the world two daily charts for ur consideration gentlemen..the dollar and GBP...concentrate on the lines I drew from sept 16th you have one currency that's at a multiyear support area on the monthly and then you have a pissant currency that's been falling since margret thatchers time in the 1980's that's "breakingout" without any...

I forgot to add in my previous post that the euro obeying the pecking order and isn't going anywhere unless the dollar does

again ill ask who thinks englands economy is better than both the USA and europes cause when you trade the weekly chart like bonzey and others that's what matters more for the currency than some dumb rate cuts that 5 min traders get orgasmic about


I'm going to bed and will read the rebuttals in 8 hours
short trump and go long the deepstate
  • #839,727
  • Sep 26, 2024 9:37pm Sep 26, 2024 9:37pm
Quoting Zebi
{quote} I forgot to add in my previous post that the euro obeying the pecking order and isn't going anywhere unless the dollar does again ill ask who thinks englands economy is better than both the USA and europes cause when you trade the weekly chart like bonzey and others that's what matters more for the currency than some dumb rate cuts that 5 min traders get orgasmic about I'm going to bed and will read the rebuttals in 8 hours
Using that simplistic logic, how do you explain historical prices for this pair being higher than they are now?
How strongly are you going to rely on your national bias for your trading decisions?
Compulsions can be hard to resist
  • #839,728
  • Sep 26, 2024 10:25pm Sep 26, 2024 10:25pm
Quoting navk
{quote} I just booked profits by shorting GU ( for asia ). Now, will look to short again when price goes close to daily open.
Another short entry, another win.

Huge day until now.

As i posted earlier, short GU only day
Intraday only.
  • #839,729
  • Sep 26, 2024 11:27pm Sep 26, 2024 11:27pm
GBPUSD - Buy

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #839,730
  • Sep 26, 2024 11:28pm Sep 26, 2024 11:28pm
G/M, another > 30day adr dly candle y/day - this one a bullish engulf thrust and a new current yrly hi, - higher up in that prev dly/wkly minor sw hi zone = pot res (from March 2022) that extends up to 3437, where more supply was met. So far today a further drop during Asian session and early London has pulled back to the upside a bit but Asian hi and lo are the current dly hi and lo presently. Price remains above last wk's 3340 hi, and 6mth amr and 13wk awr have been reached.

Wkly, dly, and 4hr general uptrends still intact, 1hr is rangy right now more than anything. Intraday is currently bearish.

1hr below
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Trader with an Edge.
  • #839,731
  • Sep 26, 2024 11:30pm Sep 26, 2024 11:30pm
Quoting sakimer
The USD/JPY long position will soon be settled together with yesterday's New York position, as it has surpassed Fib 61.8. I think the range will probably be around 76.4. It has also surpassed the New York high, so it is expected to be unstable. {image}
"Japan's new leader Ishiba advocates for an Asian NATO." these news has changed everything
  • #839,732
  • Sep 26, 2024 11:33pm Sep 26, 2024 11:33pm
Quoting Zebi
{quote} I forgot to add in my previous post that the euro obeying the pecking order and isn't going anywhere unless the dollar does again ill ask who thinks englands economy is better than both the USA and europes cause when you trade the weekly chart like bonzey and others that's what matters more for the currency than some dumb rate cuts that 5 min traders get orgasmic about I'm going to bed and will read the rebuttals in 8 hours
...says the guy who has been consistently wrong about this for months and months, At some point you might be right, but then even a broken clock is right twice a day. In trading you have to be right at the right time because being right @ the wrong time = being wrong. No good then coming back if it does drop and crowing about it!
Trader with an Edge.
  • #839,733
  • Sep 26, 2024 11:36pm Sep 26, 2024 11:36pm
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  • #839,734
  • Sep 26, 2024 11:46pm Sep 26, 2024 11:46pm
OOPPS !!!
  • #839,735
  • Sep 26, 2024 11:48pm Sep 26, 2024 11:48pm
Quoting palpite
GBPUSD - Buy {image}
Switched to Sell

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #839,736
  • Sep 26, 2024 11:52pm Sep 26, 2024 11:52pm
lemme sell it..
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  • #839,737
  • Sep 26, 2024 11:57pm Sep 26, 2024 11:57pm
Short at 1.3390
Sl : 1.3405
Tp : TBD
  • #839,738
  • Sep 27, 2024 12:05am Sep 27, 2024 12:05am
nice
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  • #839,739
  • Sep 27, 2024 12:07am Sep 27, 2024 12:07am
I sold GU and took profit. When GU pumps, understand that I already bought it.

When it continues to dump, I took profit and sold again.

I know the market like a heartbeat.
The market hides a perfect geometry.
  • #839,740
  • Sep 27, 2024 12:13am Sep 27, 2024 12:13am
Bought GU @ 1.33719
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