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Cable Update (GBPUSD)

  • #839,961
  • Edited 5:51pm Sep 30, 2024 10:04am | Edited 5:51pm
Short at : 1.3415
Sl : 1.3430
Tp :TBD (closed at 1.3360)
-------------------
Add short at : 1.3387
Sl : 1.3402(sl changed to 1.3430)
TP : TBD(closed at 1.3360)
---------------
Add Short at : 1.3404
SL : 1.3419
TP: TBD(closed at 1.3360)
---------------
Today Status : (-15pip,55pip ,27pip,44pip) , Total : +111pip
Today Win Ratio : 3/4 or %75
--------------
  • #839,962
  • Sep 30, 2024 10:11am Sep 30, 2024 10:11am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 64 KB


E. and BP 5' --- Long as shown.....

  • #839,963
  • Sep 30, 2024 10:11am Sep 30, 2024 10:11am
what happened again ? gu go top. while eurusd not ! so again short carefully to see
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH4.png Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,964
  • Sep 30, 2024 10:14am Sep 30, 2024 10:14am
Quoting Orand
Short at : 1.3415 Sl : 1.3430 Tp :TBD
A very tight one.....Attachment x
Attached Image (click to enlarge)
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Market Structure is the King.....
  • #839,965
  • Sep 30, 2024 10:15am Sep 30, 2024 10:15am
...brave shorts re posts above, in light of the last 30min and 1hr closes, although 1hr / (4hr?) is rangy I guess, intraday bullish again right now.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #839,966
  • Sep 30, 2024 10:24am Sep 30, 2024 10:24am
Quoting 7154Superman
{quote} Well, so you were right about the short term bullish move. I needed to sleep, but I did manage to add more short positions higher up. Avg position now above 1.117 on EUR/USD. Still holding on for a sustained bearish swing for the next few weeks.
so you believe in the coming weeks and days for October November it's going to be bearish how far do you believe the trend will be?
  • #839,967
  • Sep 30, 2024 10:27am Sep 30, 2024 10:27am
Quoting Headland
{quote} Hi, yeh and if challenged higher up to 3434/37, you gotta wonder how much supply is left up there? --------------------------------------------------------------------------------------------------------------- ...looking above that pot dly res zone to 34377, below is a ' scrunched up ' dly chart so can't see hard right edge/current price, this is what is above it, re prev sw hi's/lo's = pot res/sbr on the dly t/f. {image}
it does look as if it is running out of steam now but maybe juice for 13450-13500 and with NFP this week it could be an area for the beginning of a bigger drop?


edit: adding the fact we saw a high this morning but only near it after 13420 not been broken since the high
Insane in the Brain..
  • #839,968
  • Sep 30, 2024 10:29am Sep 30, 2024 10:29am
4 Trades +200pips 15k and running ( 2 trading days playing the mms at their own game 34k)

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Follow The Markets Structure - Patience and Discipline
  • #839,969
  • Sep 30, 2024 10:30am Sep 30, 2024 10:30am
Quoting Abeylyn
{quote} A very tight one.....4813254{image}
l am out of buy with 7 pips loss.

Need to stand aside until next demand level is touched .
Market Structure is the King.....
  • #839,970
  • Edited 10:43am Sep 30, 2024 10:32am | Edited 10:43am
There is nothing to trade on GBPUSD H1 upwards , some of you seem desperate to be the one to find the pattern, it does not exist at the moment , price is just ranging and trying to figure out the correction/reversal is nye on impossible until it is a complete pattern (HINT - look for the MMs patterns)
Follow The Markets Structure - Patience and Discipline
  • #839,971
  • Sep 30, 2024 10:49am Sep 30, 2024 10:49am
Quoting pipfarm
There is nothing to trade on GBPUSD H1 upwards , some of you seem desperate to be the one to find the pattern, it does not exist at the moment , price is just ranging and trying to figure out the correction/reversal is nye on impossible until it is a complete pattern (HINT - look for the MMs patterns)
You are much correct %. Infant, the next demand level is at 1.3267 because 1.3313 is already invalidated.

This is the reason I don't go below 4 hourly chart in my analysis until we met here.

Anyway, I had added the studies to my exp.
Market Structure is the King.....
  • #839,972
  • Sep 30, 2024 10:50am Sep 30, 2024 10:50am
Looks like market is ranging but in bearish mode. Bounce back to the top quickly but couldn't break 1.34175 and slowly dropping now.
With courage, patience, and discipline, success is a matter of time.
  • #839,973
  • Sep 30, 2024 10:51am Sep 30, 2024 10:51am
Quoting Abeylyn
{quote} You are much correct %. Infant, the next demand level is at 1.3267 because 1.3313 is already invalidated. This is the reason I don't go below 4 hourly chart in my analysis until we met here. Anyway, I had added the studies to my exp.
Can you explain what you mean by MM pattern and the strategy you adopt in identifying it ?
Market Structure is the King.....
  • #839,974
  • Sep 30, 2024 10:53am Sep 30, 2024 10:53am
MMs Favourite pattern or it is the algo if you believe that, filling orders

Think A abc C

Think Expanding Flat

Think about what it does

Think about why it does what it does

Think about where it happens

Learn this pattern and your win rate and understanding of the markets will increase exponentially

The basic pattern will suffice , no need for the internal structures except for in C because that will help you identify the end

It is not the only pattern used find liquidity but seems to be the most common

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #839,975
  • Sep 30, 2024 10:53am Sep 30, 2024 10:53am
Quoting navk
Yet another huge day. Long in asia, booked nice profit. Short in NYO. Booked Long now at support. Booked. Do not need much money anymore. ( only today )
Shorted around 3405 ... and booked again. 15 pips

3k today.

No more needed.
Intraday only.
  • #839,976
  • Sep 30, 2024 10:59am Sep 30, 2024 10:59am
Quoting navk
{quote} Shorted around 3405 ... and booked again. 15 pips 3k today. No more needed.

Did you post your trades anywhere on the forum before the fact?
Follow The Markets Structure - Patience and Discipline
  • #839,977
  • Edited 11:32am Sep 30, 2024 10:59am | Edited 11:32am
3385 sr tested and again watching , while eurusd tested 1137 , good level stop , may 1128 though ! may not hold 3385 though but still can try hold . may further tank next day ! again as monthly close eurusd better close below 1120 today ! , if so gu to low further !
gbpusd next level sr 3378
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDM15.png Size: 11 KB
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,978
  • Sep 30, 2024 11:00am Sep 30, 2024 11:00am
Quoting pipfarm
{quote} Did you post your trades anywhere on the forum before the fact?
at times
Because, I do not want to be a signal provider, later people will blame me if my signal goes wrong.

My signal, if it is wrong for me, i can get out with stop loss.
Intraday only.
  • #839,979
  • Sep 30, 2024 11:07am Sep 30, 2024 11:07am
this short scenario likely to continue when asia opens.

i will watch
Intraday only.
  • #839,980
  • Sep 30, 2024 11:08am Sep 30, 2024 11:08am
Quoting pipfarm
MMs Favourite pattern or it is the algo if you believe that, filling orders Think A abc C Think Expanding Flat Think about what it does Think about why it does what it does Think about where it happens Learn this pattern and your win rate and understanding of the markets will increase exponentially The basic pattern will suffice , no need for the internal structures except for in C because that will help you identify the end It is not the only pattern used find liquidity but seems to be the most common {image}
Thanks friend.

I got the point.
Market Structure is the King.....
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