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Cable Update (GBPUSD)

  • #839,741
  • Sep 27, 2024 2:14am Sep 27, 2024 2:14am
...50% of y/day's lo-hi move met @ current dly lo as price sells-off from a prev 1hr sw hi zone = pot res after an upside p/back from said Asian lo...just below the Asian lo now for a new current dly lo.

1hr below
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Trader with an Edge.
  • #839,742
  • Sep 27, 2024 2:15am Sep 27, 2024 2:15am
Quoting navk
{quote} Another short entry, another win. Huge day until now. As i posted earlier, short GU only day
Third short basket of GU closed.

Extra Huge day today.

Now going to sleep.

Do not want further more.

In NY session, will take more short trades.

Intraday only.
  • #839,743
  • Sep 27, 2024 2:16am Sep 27, 2024 2:16am
I repeat, I promise no long trades to me. Today
Intraday only.
  • #839,744
  • Sep 27, 2024 2:24am Sep 27, 2024 2:24am
Quoting stdvenomenon
Bought GU @ 1.33719
Sitting with long to see London open , scalping !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,745
  • Sep 27, 2024 2:27am Sep 27, 2024 2:27am
I sold GU and took profit

If it goes up I bought it and take profit again.

If it sell more, meaning I did not take profit yet.

If it goes up more I did not take profits and earn more.

I love talk trading. I earn a lot.
The market hides a perfect geometry.
  • #839,746
  • Sep 27, 2024 2:32am Sep 27, 2024 2:32am
Long 1.3366
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #839,747
  • Edited 3:05am Sep 27, 2024 2:37am | Edited 3:05am
Today is Friday, a usual one-way traffic day. Shall we see sustained fall till end of day and finally hit 3300?
  • #839,748
  • Sep 27, 2024 2:38am Sep 27, 2024 2:38am
Quoting meugampong
lemme sell it.. {image}
yeaa.. hmm.. another break..
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  • #839,749
  • Sep 27, 2024 2:41am Sep 27, 2024 2:41am
Quoting Yngwie
Long 1.3366
sl ?
  • #839,750
  • Sep 27, 2024 2:44am Sep 27, 2024 2:44am
...challenging a prev 1hr sw lo zone = pot supp @ current dly lo (per 1hr chart above,) around a 3 fib cluster, 4hr rising channel bottom under threat?
61.8% of y/day's lo-hi is @ 3357 lower in this pot supp zone, along with a couple of other fibs. 76.4% of y/day lo-hi move is @a/around Dly S1 = 3338, below said zone.

4hr below
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Trader with an Edge.
  • #839,751
  • Sep 27, 2024 3:00am Sep 27, 2024 3:00am
...30min is certainly in a downtrend, 1hr may be entering one, (3 x LH's and what will be a 2nd LL when it forms on that t/f now.) Potential upside obstacles for the bulls per 1hr chart below.

1hr below
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Trader with an Edge.
  • #839,752
  • Sep 27, 2024 3:16am Sep 27, 2024 3:16am
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...

Not sure where you get this idea we all hate America and it's currency, I'm the complete opposite I love America always have always will it's just your side of politics is destroying America which is really baffling because if America goes down we all go down.
We trade Cable because it's a dynamic currency to trade, there's never a dull moment and I've yet to see anyone here complaining about the US dollar.
Bulls need selloffs so they can buy in and sellers need pumps so they can sell....
If you've been trading for sometime you get to understand just how much bigger the US economy is to Britains

When a Saturn V rocket lifted of in the late 60s early 70s it was the equivalent to the daily energy output of Britain and increased America's output by 5%....that's how epic it was and at the time no one else could do it
Don't Leave Money on the Table
  • #839,753
  • Sep 27, 2024 3:16am Sep 27, 2024 3:16am
Quoting Yngwie
Long 1.3366
with you challenging 134-13420 but as it’s Friday both sides get a taste of the honey. Also being quarter end we could see a sell off
Insane in the Brain..
  • #839,754
  • Sep 27, 2024 3:25am Sep 27, 2024 3:25am
Quoting HaLBot
{quote} Not sure where you get this idea we all hate America and it's currency, I'm the complete opposite I love America always have always will it's just your side of politics is destroying America which is really baffling because if America goes down we all go down. We trade Cable because it's a dynamic currency to trade, there's never a dull moment and I've yet to see anyone here complaining about the US dollar. Bulls need selloffs so they can buy in and sellers need pumps so they can sell.... If you've been trading for sometime you get to understand...
Hi, Zebi's style of prose is skewed to the nationalistic side, and he seems to think that an exchange rate between 2 countries is only about size of the relative economies. It isn't. He has always failed to grasp, or at least show in his posts here, a sound understanding of the nuances of fundie/globalmacro forces affecting each currency in a pairing. If it was all about size of economy £ would be well below parity with the $. I understand/suspect that a lot of his hot air may be to provoke responses, so I won't get into anything with him, but for someone who says he hates Trump, he displays many of his traits, not least the repetition of things that are just not true, and his disparaging remarks about all things not American, lol!
Trader with an Edge.
  • #839,755
  • Sep 27, 2024 3:32am Sep 27, 2024 3:32am
Morning all, so over night we didn’t break the yearly highs and are in fact on the way down. I removed SL during the first out of the APAC session which has a silly spread of sometimes 20 pips. Anyway my long from 13397 is under by a few pips as I type. Keeping target open if we crops above daily pivot there could be a move up. If not it’s ok I will look for an area to take a hit and go short. There is some US data later which could effect any movements. But as I said earlier it’s fryday both sides get some usually. And on top of that it’s quarter end this could add to the bearish notes. It would take a big move down for this quarter to end bearish though
Insane in the Brain..
  • #839,756
  • Sep 27, 2024 3:33am Sep 27, 2024 3:33am
Quoting Alorente
{quote} I am with Mitiblotch on the Daily bearish engulfing. It is called experience of 35 years of trading. Can it fail?, sure, anything can happen... but the odds are greatly on the side of GU dropping hard in the next few days.
Last night and today we are adding the one missing ingredient that almost always occurs with GBPUSD at price swing changes: The H4 divergence as shown by my trusted True Trend indicator. Now we have it. I marked in white the previous instances of H4 divergence with price at swing changes as well as the present one.

Now the Blue wedge should do its work...

But course, today is the PCE news, so anything can happen.
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Observation is the path to discovery.
  • #839,757
  • Sep 27, 2024 3:38am Sep 27, 2024 3:38am
Plotting eurusd possible pa , may try exaggerate bounce also if breaks limit 1158 while 1253 standard correction . ! So gu may follow similar one !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,758
  • Sep 27, 2024 3:43am Sep 27, 2024 3:43am
Quoting Alorente
{quote} Last night and today we are adding the one missing ingredient that almost always occurs with GBPUSD at price swing changes: The H4 divergence as shown by my trusted True Trend indicator. Now we have it. I marked in white the previous instances of H4 divergence with price at swing changes as well as the present one. Now the Blue wedge should do its work... But course, today is the PCE news, so anything can happen. {image}
So that idiotic rise above Tuesday's high was just to take out SLs. I'm glad I didn't close that trade with about 3k loss. My SL was 3450 and I wanted to close it but got busy and later so price coming down. Let's see if we get 3300 or even 3270.
  • #839,759
  • Sep 27, 2024 3:46am Sep 27, 2024 3:46am
Quoting Alorente
{quote} Last night and today we are adding the one missing ingredient that almost always occurs with GBPUSD at price swing changes: The H4 divergence as shown by my trusted True Trend indicator. Now we have it. I marked in white the previous instances of H4 divergence with price at swing changes as well as the present one. Now the Blue wedge should do its work... But course, today is the PCE news, so anything can happen. {image}

Hi, nice chart. I have a repeating pattern of 4hr regular bearish div @ y/day's 3434 hi too, also on dly and wkly (although different repeating patterns.) Countering this @ the current dly lo I have a repeating pattern of 30min bullish hidden div which will probably stay valid whilst price above 3351, and a potentially developing bullish hidden div pattern on 1hr on any deeper drop down, which may stay valid as a pattern whilst price is above y/day's 3309 lo, (whether or not they play out.) So the regular bearish div -or- the bullish hidden div on t/f's below it, will play out? Take your pick lol.
Trader with an Edge.
  • #839,760
  • Sep 27, 2024 3:51am Sep 27, 2024 3:51am
The pound-dollar has been falling since NY, and the lower support seems to be effective, but what will happen to the longs?
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