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Cable Update (GBPUSD)

  • #840,341
  • Edited 5:43am Oct 2, 2024 5:24am | Edited 5:43am
ADP non farm employment very positive ! No change price yet ! Usdx no reaction so far !
Trying signal but very reluctantly ! Should have 1st confirmation to 101.83 move !! Waiting
Done 101.18 signal in 8 days bas formation/accumulation , need burst up !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,342
  • Oct 2, 2024 5:33am Oct 2, 2024 5:33am
Quoting Godspromise
{quote} thank you brother ill watch it right away knowledge is power
I will check in with you in November
Emotional Control. Process, not outcome.
  • #840,343
  • Oct 2, 2024 5:35am Oct 2, 2024 5:35am
Quoting Moty
{image}
Switch to long
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yes yes yes
  • #840,344
  • Oct 2, 2024 5:39am Oct 2, 2024 5:39am
Short 1.3281 SL 1.3396
  • #840,345
  • Oct 2, 2024 5:41am Oct 2, 2024 5:41am
Quoting BeeTogether
{quote} theres muted and then there is nothing happening muted lol. This is the later
Dealing desk has held the level since Asia's open.
Asia's POC: 1.32818
Europe's POC: 1.32868
America's session is just now getting under way - and we're in a session changeover right now - order flow begins picking up 8am cst - 11am cst, then volatility usually dies off. And the market can't remain here forever. We're trading barely above last week's low, and price has held for about 16 hours. A breakout to the downside is not warranted yet, but it's not ruled out either. DXY is getting stronger, which generally results in corrections in majors paired against the USD.
Discouragement is the language of the devil. Results over hype.
  • #840,346
  • Oct 2, 2024 5:44am Oct 2, 2024 5:44am
Could be a slow few days now till NFP

if NFP is semi decent the 0.5% cut bets will start to decrease thus giving the USD some room to go up
Insane in the Brain..
  • #840,347
  • Oct 2, 2024 5:45am Oct 2, 2024 5:45am
Dxy after excellent run get into the liquidity area.

GU standing.

what next?
  • #840,348
  • Oct 2, 2024 5:46am Oct 2, 2024 5:46am
finally, it's a break.. UCHF
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  • #840,349
  • Oct 2, 2024 5:46am Oct 2, 2024 5:46am
Quoting BeeTogether
{quote} seems to be picking up liquidity before the news. Problem is if the data is bad we are gonna see a move up potentially 13330 (previous support ) or even 13370
Hope not any further up gbpusd , slow and stead up is a dangerous intention ! Anyway watching for 3237 fast breaks !
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,350
  • Oct 2, 2024 5:49am Oct 2, 2024 5:49am
Quoting fontu
{quote} Hope not any further up gbpusd , slow and stead up is a dangerous intention ! Anyway watching for 3237 fast breaks !
me too. I have a 13220-30 for a potential TP if that breaks then a kiss from 132. Which wouldn’t be a bad area for a bounce back to 133 tomorrow

Although 13270 not breaking at the moment bears need to break below the lower bollinger band and continue
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Insane in the Brain..
  • #840,351
  • Oct 2, 2024 5:50am Oct 2, 2024 5:50am
Idk be careful it’s safe haven mode right now think dxy gonna be strong
Master your mind. Master Trading.
  • #840,352
  • Oct 2, 2024 5:50am Oct 2, 2024 5:50am
Risk off hopefully equities sell this session
Master your mind. Master Trading.
  • #840,353
  • Oct 2, 2024 5:59am Oct 2, 2024 5:59am
Quoting Konichiwhaat
{quote} Good. If you are not familiar with a man called Mark Douglas (RIP, a guru before guru's were a thing), check him out. He talks about a thing called the "20 trade challenge". I'm not even kidding, it changed my life. Most people can't even do it, not even for 20 trades! (Sorry Moty). But Google it, watch it, do it, and you will suddenly learn... EVERYTHING works! Let me know how you get on
i did it for about 10 trades then i went haywire
  • #840,354
  • Edited 10:50am Oct 2, 2024 6:01am | Edited 10:50am
Short at : 1.3282
Sl : 1.33
TP : 1.3255(tp hit)
  • #840,355
  • Oct 2, 2024 6:05am Oct 2, 2024 6:05am
Quoting Godspromise
{quote} i did it for about 10 trades then i went haywire
Try again. A true test of discipline. You won't believe the result if you see it though
Emotional Control. Process, not outcome.
  • #840,356
  • Edited 8:47am Oct 2, 2024 6:07am | Edited 8:47am
Quoting 7154Superman
{quote} I'm not liking the risk of further downside, so I closed half of my EUR/USD longs with small profit. The other half, Avg position = 1.10800, TP = 1.10911. If price goes down farther towards 1.10, I might add more longs to average down.
I managed to scalp a 6.6 pip long trade in EUR/USD earlier this morning. Now, because price action seems supportive, I entered another long position at 1.10547. TP = 1.11 = +45.3 pips.
You cannot fail if you never give up.
  • #840,357
  • Oct 2, 2024 6:08am Oct 2, 2024 6:08am
Not convinced of a short, price has rejected extensions to the downside outside Asia's value area, at the European open. US open testing Euro's VA, and im long on a rejection in price at the US changeover right before the US open.
Discouragement is the language of the devil. Results over hype.
  • #840,358
  • Oct 2, 2024 6:17am Oct 2, 2024 6:17am
Quoting meugampong
Short {image}
patient, confident and know what you do "M"
still in trade, short
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  • #840,359
  • Oct 2, 2024 6:19am Oct 2, 2024 6:19am
Quoting 7154Superman
{quote} I managed to scalp a 6.6 pip long trade in EUR/USD earlier this morning. Now, because price action seems supportive, I entered another long position at 1.10547. TP = 1.11 = 45.3 pips.
I noticed the violation of Asia's Low on EU - 1.10532, hopped in long on the violation. Longs stopped out, pending sell limits triggered, now trading outside the low of last week, the directional bias is to the downside. We're trading mid-week, and I believe the movement to the downside it short lived and anticipate a mid-week reversal.

Similarly on GU, as I recently posted, price action and market profile is continually rejecting extensions to the downside in each of the 3 major FX sessions, indicating an unwillingness by participants to trade at lower prices. We thought the news would serve as a catalyst to continue lower and that unfortunately is not the case.

The dealing desi in both markets appear to be essentially holding the level, as retail volume builds (as seen by the short lived ups and downs in price on the 15M)

I wonder how much volume is jammed out the other side of yesterdays low for both the pairs to not be willing to trade back into those zones!
Discouragement is the language of the devil. Results over hype.
  • #840,360
  • Oct 2, 2024 6:21am Oct 2, 2024 6:21am
Quoting Godspromise
{quote} i did it for about 10 trades then i went haywire
What are you talking about here? Is this something I can try?
You cannot fail if you never give up.
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