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Cable Update (GBPUSD)

  • #840,381
  • Oct 2, 2024 9:39am Oct 2, 2024 9:39am
Quoting Godspromise
{quote} 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
I have another long order waiting at 1.103 on EUR/USD. TP = 1.11
You cannot fail if you never give up.
  • #840,382
  • Oct 2, 2024 9:45am Oct 2, 2024 9:45am
Strange intraday journey so far

4h and below down trend.

Waiting for bullish signs to jump on the bullish train to the election
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  • #840,383
  • Oct 2, 2024 9:49am Oct 2, 2024 9:49am
Same here GBPCAD A (abc B) C

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Follow The Markets Structure - Patience and Discipline
  • #840,384
  • Oct 2, 2024 9:55am Oct 2, 2024 9:55am
Quoting meugampong
Gold, it seem to me failed Cup and Handle. so i put sell limit and filled.. let see what happen .. {image}
nice drops. i hope gold closing as bear candle on daily. so i can move my SL on daily High.
  • #840,385
  • Oct 2, 2024 9:55am Oct 2, 2024 9:55am
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Master your mind. Master Trading.
  • #840,386
  • Oct 2, 2024 9:56am Oct 2, 2024 9:56am
Quoting Whale
Strange intraday journey so far 4h and below down trend. Waiting for bullish signs to jump on the bullish train to the election {image}
a dip just below 132 might do the trick. But yes it is overall bullish for me too. Next 4-6 weeks will be interesting
Insane in the Brain..
  • #840,387
  • Oct 2, 2024 9:58am Oct 2, 2024 9:58am
Current support at 13250. Only been tested a few times after the big drop yesterday. Might not hold I think the bigger support today will be 13230-13210
Insane in the Brain..
  • #840,388
  • Oct 2, 2024 9:59am Oct 2, 2024 9:59am
Quoting BeeTogether
{quote} a dip just below 132 might do the trick. But yes it is overall bullish for me too. Next 4-6 weeks will be interesting
my target for GU, 132.
  • #840,389
  • Oct 2, 2024 10:00am Oct 2, 2024 10:00am
This obsession with wanting to counter every move will be the ruin of some of you.
Follow The Markets Structure - Patience and Discipline
  • #840,390
  • Oct 2, 2024 10:04am Oct 2, 2024 10:04am
Quoting ScalaFX
{quote} so far in plan, lets see how this develop to end of the week
last batches of longs EU 1035 and GU 3250 opened, this is swing trades so still have no SL for this trades, catching fallin knifes
People don't plan to lose. They lose because they don't plan.
  • #840,391
  • Oct 2, 2024 10:07am Oct 2, 2024 10:07am
closed + 26,6 pips

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #840,392
  • Oct 2, 2024 10:08am Oct 2, 2024 10:08am
Quoting pipfarm
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 {image}

Not expecting any earth shaking moves on this trade as we are trading timeframe wise well below the origin on this swing which is D1 best scenario is trading the larger degree waves on H1 which are only one level down from the D1 swing , these H1 small swings are 2 levels down from D1 so there is more and more chance of the larger correction coming into play.
Follow The Markets Structure - Patience and Discipline
  • #840,393
  • Oct 2, 2024 10:19am Oct 2, 2024 10:19am
I think we are done for the day. Can’t see a move further down to break 13250 today. Back tomorrow will keep an eye on this active trade though
Insane in the Brain..
  • #840,394
  • Oct 2, 2024 10:24am Oct 2, 2024 10:24am
the h4 3254 close not settle, still may to to 2270/73 bounce , watching
breaks 3274 then 3295 may test also
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,395
  • Oct 2, 2024 10:32am Oct 2, 2024 10:32am
Quoting fontu
the h4 3254 close not settle, still may to to 2270/73 bounce , watching breaks 3274 then 3295 may test also {image} {image}
!
Insane in the Brain..
  • #840,396
  • Oct 2, 2024 10:45am Oct 2, 2024 10:45am
Quoting 7154Superman
{quote} I have another long order waiting at 1.103 on EUR/USD. TP = 1.11
I entered that last long position manually at around 1.1035 instead of waiting for 1.103. Sure enough, it bounced.
Average position of all longs = 1.10559.
I'm tired now and didn't feel like staying stressed all day, so I moved my TP down from 1.11 to 1.1067 = Avg +11.1 pips profit for all longs.
Gotta take a nap. See ya later
You cannot fail if you never give up.
  • #840,397
  • Oct 2, 2024 10:57am Oct 2, 2024 10:57am
Quoting Abeylyn
Buddies and Friends, From my own perspective, the 4 hour trend is down but price is operating at Demand Zone. The question of whether next support at 1.3230 will be touched before price bounce to the upside or bounce up will occur from here 1.3260/70 is difficult to answer. However, as a medium term Swing trader, I prefer to wait for a bounce up to around 1.3358 before looking for an opportunity to go Short. Have a blessed pipping day.
Until breakout of the low established at 1.3238 to the downside, the 4hr. demand zone still remains intact.

In an attempt to continue in the direction of the newly established 4hr. trend, price was resisted at 1.3282.


It has been a nice pipping day for experience scalpers while the swing, medium and long term traders have nothing to do.

What a day.
Market Structure is the King.....
  • #840,398
  • Oct 2, 2024 11:07am Oct 2, 2024 11:07am
All I can say is the bottom is not in. That 3237 in most cases will go. There is a reason they are giving false hopes that it will stand strong. It won't. Give it time. These bounces mean price will go much lower below 3237. Holding my shorts and will book only upon a breach of this low.
  • #840,399
  • Oct 2, 2024 11:11am Oct 2, 2024 11:11am
Quoting Mitiblotch
All I can say is the bottom is not in. That 3237 in most cases will go. There is a reason they are giving false hopes that it will stand strong. It won't. Give it time. These bounces mean price will go much lower below 3237. Holding my shorts and will book only upon a breach of this low.
quite possibly so.
Insane in the Brain..
  • #840,400
  • Oct 2, 2024 11:11am Oct 2, 2024 11:11am
Quoting Mitiblotch
All I can say is the bottom is not in. That 3237 in most cases will go. There is a reason they are giving false hopes that it will stand strong. It won't. Give it time. These bounces mean price will go much lower below 3237. Holding my shorts and will book only upon a breach of this low.
Last swing before a larger correction usually is very messy so would tend to agree with you
Follow The Markets Structure - Patience and Discipline
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