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Cable Update (GBPUSD)

  • #840,501
  • Oct 3, 2024 3:42am Oct 3, 2024 3:42am
Quoting pipfarm
M1 clear mmS pattern swing up , swing down below the low, swing up above the high , taken liquidity both sides before dropping to a new low or A(abc B) C
Fools retail into thinking it is a change of character , classic as it happened

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Follow The Markets Structure - Patience and Discipline
  • #840,502
  • Oct 3, 2024 3:42am Oct 3, 2024 3:42am
At this rate 131 won’t hold. Bulls are on holiday at the moment.
Insane in the Brain..
  • #840,503
  • Oct 3, 2024 3:45am Oct 3, 2024 3:45am
...dly looking like this right now;

dly below
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Trader with an Edge.
  • #840,504
  • Oct 3, 2024 3:47am Oct 3, 2024 3:47am
Quoting pipfarm
{quote} Fools retail into thinking it is a change of character , classic as it happened {image}
also EU
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  • #840,505
  • Oct 3, 2024 3:48am Oct 3, 2024 3:48am
Quoting Konichiwhaat
{quote} I was too cute with my stop Back in again. Short. Will check back tomorrow
Just seen the second trade hit its 100 pip target also (the small win is normal day trading) The original entry is now 300 pips in profit from its 3424 entry... as you were
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Emotional Control. Process, not outcome.
  • #840,506
  • Oct 3, 2024 3:48am Oct 3, 2024 3:48am
Quoting Whale
{quote} 1.312 should support it at least for today. key level on 4h. the resistance now at 1.333
Hi. Not sure I'd describe that prev 1hr/4hr sw lo zone = pot supp as a 'key level,' (wether it offers support or otherwise.) The more 'key level' is surely the prev 1hr/4hr/dly/wkly sw lo zone = pot supp that extends down to 3001?
Trader with an Edge.
  • #840,507
  • Edited 4:25am Oct 3, 2024 3:49am | Edited 4:25am
Got time at last , but too late join bear , approaching good sr soon , so wait and I see how react ! Anyway this sudden tanking was very unexpected ! Take care
Good sr 3109 tested , now watching for earliest signal for correction 3135 for correction 3195 whenever possible !

Wherease eurusd did not join this tanking abruptly , so solely gbp local cause , already tested demand though beforehand ! So may good bouncing soon or next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,508
  • Oct 3, 2024 3:53am Oct 3, 2024 3:53am
Now that the daily supports have been broken 13070 maybe before a move back over 131-13150

NFP green tomorrow could give us another bumper drop towards 129. All depends on how 131 holds up.
Insane in the Brain..
  • #840,509
  • Oct 3, 2024 3:55am Oct 3, 2024 3:55am
If correlations are anything to go by Gold has entered wave 3 of a D1 correction , usually the USD goes opposite so GBPUSD could be in big trouble and apart from some minor corrections the pit doors may not be ready to close yet
Follow The Markets Structure - Patience and Discipline
  • #840,510
  • Oct 3, 2024 3:55am Oct 3, 2024 3:55am
Quoting BeeTogether
Now that the daily supports have been broken 13070 maybe before a move back over 131-13150 NFP green tomorrow could give us another bumper drop towards 129. All depends on how 131 holds up.

Looks like 3105 is the real deal, bought in here as well, 3112


Volume looks to have picked up
Don't Leave Money on the Table
  • #840,511
  • Oct 3, 2024 4:02am Oct 3, 2024 4:02am
Quoting Headland
{quote} Hi. Not sure I'd describe that prev 1hr/4hr sw lo zone = pot supp as a 'key level,' (wether it offers support or otherwise.) The more 'key level' is surely the prev 1hr/4hr/dly/wkly sw lo zone = pot supp that extends down to 3001?
I have no idea what you wrote.

but my chart is
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  • #840,512
  • Oct 3, 2024 4:05am Oct 3, 2024 4:05am
Quoting BeeTogether
Now that the daily supports have been broken 13070 maybe before a move back over 131-13150 NFP green tomorrow could give us another bumper drop towards 129. All depends on how 131 holds up.
my magical line map lol .. telling me.. ..

all bear passenger fasten your seat belt..
some shake during landing situation will occur..
thank you and enjoy your flight with us..
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  • #840,513
  • Oct 3, 2024 4:11am Oct 3, 2024 4:11am
Quoting meugampong
{quote} my magical line map lol .. telling me.. .. all bear passenger fasten your seat belt.. some shake during landing situation will occur.. thank you and enjoy your flight with us.. {image}
proper turbulence!
Insane in the Brain..
  • #840,514
  • Oct 3, 2024 4:12am Oct 3, 2024 4:12am
Quoting HaLBot
{quote} Looks like 3105 is the real deal, bought in here as well, 3112 Volume looks to have picked up

Hail to the King baby, Hail to the King
Once again spoke to soon

Closed 0.4 31115 scalp at 31215, others in play.....

Euro doing it's best not to reach 1050, where it has to go lol
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Don't Leave Money on the Table
  • #840,515
  • Oct 3, 2024 4:20am Oct 3, 2024 4:20am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #840,516
  • Oct 3, 2024 4:27am Oct 3, 2024 4:27am
Back again near NYO in time for data
Insane in the Brain..
  • #840,517
  • Oct 3, 2024 4:27am Oct 3, 2024 4:27am
Quoting trumps
{quote} Good call, thx for the reminder
Lovely bit of sarcasm...
  • #840,518
  • Oct 3, 2024 4:35am Oct 3, 2024 4:35am
Wait for the London fixings in 30 mins (if looking for a long entry). Then see what cable does, look for confirmation. Keep an eye on EURGBP cross too - at resistance.
  • #840,519
  • Oct 3, 2024 4:38am Oct 3, 2024 4:38am
Quoting W0lfram
{quote} +80, pullback coming, still 600 pips DD in total (*saw demo prop commenting about sl*)
less then 100, good, 3 short positions. (but positive, if account few hedges)
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Taking one more hedge,
buy @ 1.3115, tp 1.326
Air force
  • #840,520
  • Oct 3, 2024 4:59am Oct 3, 2024 4:59am
Quoting W0lfram
{quote} less then 100, good, 3 short positions. (but positive, if account few hedges){image} Taking one more hedge, buy @ 1.3115, tp 1.326
Here is the extreme end of the demand zone. Luck may shine now on you if price starts it's retracement to the upside
Market Structure is the King.....
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