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Cable Update (GBPUSD)

  • #840,361
  • Oct 2, 2024 8:22am Oct 2, 2024 8:22am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-10-02_15-22-09.png Size: 35 KB
  • #840,362
  • Oct 2, 2024 8:24am Oct 2, 2024 8:24am
Looks like market is exhausted after a big yesterday. It may need rest before go further.
ADP could not fuel the movement.
With courage, patience, and discipline, success is a matter of time.
  • #840,363
  • Oct 2, 2024 8:26am Oct 2, 2024 8:26am
Quoting imjoshbrown
{quote} 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.
You mean, you're expecting a reversal to the upside like right now? Price is acting that way. If not yet, then how low should it go?
You cannot fail if you never give up.
  • #840,364
  • Oct 2, 2024 8:31am Oct 2, 2024 8:31am
Quoting BeeTogether
{quote} 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 {image}
as slow pa , so may follow standard pa instead any bias or news in mind ! reacted floating support at 3260 . but for better footing it try up be 3260 , better 50 too for 3300 test a again as if camel fails to bear continue . so camel to fail first !! lets see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,365
  • Oct 2, 2024 8:44am Oct 2, 2024 8:44am
Quoting randu
Short 1.3281 SL 1.3396
Closed 1.3255 .... too slow for me
  • #840,366
  • Oct 2, 2024 8:46am Oct 2, 2024 8:46am
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.
idk bro seems kind risky currently dxy still kinda strong
  • #840,367
  • Oct 2, 2024 8:54am Oct 2, 2024 8:54am
Seems a clean bounce of 13250 area. Could have seen the days lows
Insane in the Brain..
  • #840,368
  • Oct 2, 2024 8:54am Oct 2, 2024 8:54am
Quoting 7154Superman
{quote} What are you talking about here? Is this something I can try?
its a system of taking 20 trades same tp same stoploss same set up same entry for 20 trades journal all trades and see how many wins and losses you have it. controls your discipline and takes majority of emotions out of trading mark douglas im still trying to finish reading discipline trader going to read the book recommended by konichiwa which is marks "trading in the zone"
  • #840,369
  • Oct 2, 2024 9:02am Oct 2, 2024 9:02am
Quoting 7154Superman
{quote} You mean, you're expecting a reversal to the upside like right now? Price is acting that way. If not yet, then how low should it go?
on the 4H 13150 is my bottom end but that could be way too much
Insane in the Brain..
  • #840,370
  • Oct 2, 2024 9:09am Oct 2, 2024 9:09am
Quoting Godspromise
{quote} idk bro seems kind risky currently dxy still kinda strong
It's always risky. LoL
On Monday morning, DXY seemed weak, but we're here now, eh?
So, where will we be tomorrow? I'm guessing EUR/USD could go up to around 1.11, which was previous support, now turned resistance, then further down next week and the next. Unless I'm wrong.
You cannot fail if you never give up.
  • #840,371
  • Oct 2, 2024 9:14am Oct 2, 2024 9:14am
Quoting jola1
Good morning all! My view on GU today {image}
So GU has been playing games with me today lol. Erm I can still see a bullish scenario. I was expecting GU to come back to this new entry point but I rushed entry because of FOMO smh(I should be past this fomo stage by now hahahaha). This is what i'm expecting. If this doesn't play out, I'll wait for other confirmations
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2024-10-02_15-13-14.png Size: 40 KB
  • #840,372
  • Oct 2, 2024 9:19am Oct 2, 2024 9:19am
daily target goes same before with or without bounce now. 3200 , h4 candle close below 3254 my signal down strong
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 11 KB
Click to Enlarge Name: GBPUSDH4.png Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,373
  • Edited 9:34am Oct 2, 2024 9:19am | Edited 9:34am
Quoting BeeTogether
Seems a clean bounce of 13250 area. Could have seen the days lows
Bee, that low of yesterday will get taken out. This thing will never go for a good up move without London tasting blood at that low which they did not partake in yesterday. Buying might be futile until that happens.
  • #840,374
  • Oct 2, 2024 9:24am Oct 2, 2024 9:24am
Quoting 7154Superman
{quote} It's always risky. LoL On Monday morning, DXY seemed weak, but we're here now, eh? So, where will we be tomorrow? I'm guessing EUR/USD could go up to around 1.11, which was previous support, now turned resistance, then further down next week and the next. Unless I'm wrong.
the buy hit my zone and 1 hr support bounce off and touch again so im taking buy now i only trade strong zone so i was waiting until it hit
  • #840,375
  • Oct 2, 2024 9:25am Oct 2, 2024 9:25am
Quoting Mitiblotch
{quote} Bee, that low of yesterday will get taken out. This thing will never go for a good up move without London tasting blood at that low which they did by test yesterday. Buying might be futile until that happens.
so we are looking a potentially tomorrow or Friday even then at NFP Friday that might us much lower
Insane in the Brain..
  • #840,376
  • Oct 2, 2024 9:27am Oct 2, 2024 9:27am
Gold,
it seem to me failed Cup and Handle.
so i put sell limit and filled..
let see what happen ..
Attached Image (click to enlarge)
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  • #840,377
  • Oct 2, 2024 9:27am Oct 2, 2024 9:27am
i wanna know whats everyones stoploss and what constitute to them what is too small vs whats too large? mines 20 pips because is a good enough stop if it passes that unless its gold 30 pips otherwise its a invalid set up i prioritize sharp entries
  • #840,378
  • Oct 2, 2024 9:35am Oct 2, 2024 9:35am
Quoting BeeTogether
{quote} so we are looking a potentially tomorrow or Friday even then at NFP Friday that might us much lower
That's what I see. We might hit below 3200 and then a sweet rise, If it's planned to be bullish.
  • #840,379
  • Oct 2, 2024 9:37am Oct 2, 2024 9:37am
Chart says short i am short A(abc B) C , only downsides i can see is that C does not look like an impulse and i entered a bit late


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 13 KB
Follow The Markets Structure - Patience and Discipline
  • #840,380
  • Oct 2, 2024 9:37am Oct 2, 2024 9:37am
Quoting Mitiblotch
{quote} That's what I see. We might hit below 3200 anf then a sweet rise, If it's planned to be bullish.
same set up for me too
Insane in the Brain..
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