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Cable Update (GBPUSD)

  • #840,301
  • Oct 2, 2024 4:47am Oct 2, 2024 4:47am
Quoting Zebi
Hidden
Take your rubbish elsewhere.
Never Ever Give Up!
  • #840,302
  • Oct 2, 2024 4:50am Oct 2, 2024 4:50am
seems todays range is waiting on US data later today.. if green we could see 13250 areas if red 13350 bulls will be awake
Insane in the Brain..
  • #840,303
  • Oct 2, 2024 4:51am Oct 2, 2024 4:51am
...took a bounce just a pip under a prev 30min minor sw lo zone = pot supp @ the 50% of today's Asian lo/current dly lo - current dly hi move.

1hr below
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Trader with an Edge.
  • #840,304
  • Oct 2, 2024 4:55am Oct 2, 2024 4:55am
Quoting Headland
...took a bounce just a pip under a prev 30min minor sw lo zone = pot supp @ the 50% of today's Asian lo/current dly lo - current dly hi move. 1hr below {image}
That dark grey area looks a good place for a decent long.. naturally if it breaks below I will hold off from trying to catch a falling knife
Insane in the Brain..
  • #840,305
  • Oct 2, 2024 4:57am Oct 2, 2024 4:57am
Quoting meugampong
Short {image}
Im shorting, after I see a more distinct stop-hunt high.
Discouragement is the language of the devil. Results over hype.
  • #840,306
  • Oct 2, 2024 5:01am Oct 2, 2024 5:01am
Quoting BeeTogether
{quote} That dark grey area looks a good place for a decent long.. naturally if it breaks below I will hold off from trying to catch a falling knife
Yeh, price could well test it - y/day's (the current wkly) lo. It is of course still in that prev 4hr sw hi zone = pot rbs. Below that of course another prev 1hr/4hr sw lo zone = pot supp still in that zone, with a 3 fib cluster just below it @ 3217-14, with Dly S1 @/around 3218.

4hr below
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Trader with an Edge.
  • #840,307
  • Oct 2, 2024 5:14am Oct 2, 2024 5:14am
Quoting imjoshbrown
{quote} Im shorting, after I see a more distinct stop-hunt high.
nice mate , we are same boat.. perhaps this area will be flip area.
  • #840,308
  • Oct 2, 2024 5:18am Oct 2, 2024 5:18am
...Just an update (more added lower down) re downside fibs. The ones in bold are of probably more significant swing lo-hi's, but you know what it's like with fibs, it can be so subjective. (Before I start trading each day I generally like to have @ least 200+ pips either side of the day's open mapped out with potential supp/res/sbr/rbs factors. I then note where the confluences are, and which are historically more likely to see a bounce away from them -or- break thru them, but this is an initial assessment and is not set in stone. Only when price arrives at them can I fully judge the probabilities re my edge.)

Pretty skinny day so far re pip haul my end.

Downside fibs below
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Trader with an Edge.
  • #840,309
  • Oct 2, 2024 5:19am Oct 2, 2024 5:19am
Very SHALLOW 15-pip stop hunt outside Asia's session, market is respecting the yellow 50EMA, remaining above it. We'll see if they dive deeper and correct, or reverse altogether!
Attached Image (click to enlarge)
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Discouragement is the language of the devil. Results over hype.
  • #840,310
  • Oct 2, 2024 5:32am Oct 2, 2024 5:32am
Quoting imjoshbrown
Very SHALLOW 15-pip stop hunt outside Asia's session, market is respecting the yellow 50EMA, remaining above it. We'll see if they dive deeper and correct, or reverse altogether! {image}
EMA50 of 15min. on 4 hourly chart demand zone supported by MM footprint.

It's an interesting movie to watch.
Market Structure is the King.....
  • #840,311
  • Oct 2, 2024 5:33am Oct 2, 2024 5:33am
Quoting Fardeen1209
Hidden
That is true. During WW2, Germany and Japan were America's enemy and Russia and China were her allies. Now Japan and Germany are allies, with Russia and China now enemies.

America will side with anyone for the right price, but then so will most countries.
  • #840,312
  • Oct 2, 2024 5:49am Oct 2, 2024 5:49am
buy
The market hides a perfect geometry.
  • #840,313
  • Oct 2, 2024 5:52am Oct 2, 2024 5:52am
Not buying nothing until London gets a taste of that bottom.
  • #840,314
  • Oct 2, 2024 5:52am Oct 2, 2024 5:52am
...almost 61.8% of the day's present main upmove given back @ the current p/back lo of that move. That 1hr bearish hidden div I mentioned a few hours ago (with the proviso re next higher t/f context,) is shown below.

1hr, and 1hr below
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Trader with an Edge.
  • #840,315
  • Oct 2, 2024 5:57am Oct 2, 2024 5:57am
Finally time to test 13280-60. Let’s see if we can get to todays low before the data
Insane in the Brain..
  • #840,316
  • Oct 2, 2024 5:59am Oct 2, 2024 5:59am
Quoting Konichiwhaat
{quote} Yup, as expected, too soon
I was too cute with my stop Back in again. Short. Will check back tomorrow
Emotional Control. Process, not outcome.
  • #840,317
  • Edited 6:10am Oct 2, 2024 6:00am | Edited 6:10am
3271 area might be good to buy if your a counter swing trader
Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #840,318
  • Oct 2, 2024 6:01am Oct 2, 2024 6:01am
Quoting Konichiwhaat
{quote} I was too cute with my stop Back in again. Short. Will check back tomorrow
PS other pairs also have momentum so should be good now for continuation
Emotional Control. Process, not outcome.
  • #840,319
  • Oct 2, 2024 6:16am Oct 2, 2024 6:16am
Quoting pipfarm
3271 area might be good to buy if your a counter swing trader {image}
1.32600 for me gonna go in big or 1.32400
  • #840,320
  • Oct 2, 2024 6:18am Oct 2, 2024 6:18am
Quoting Konichiwhaat
{quote} PS other pairs also have momentum so should be good now for continuation
fell asleep was in good profits then it reverse to my stops then continued downwards
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