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Cable Update (GBPUSD)

  • #840,521
  • Oct 3, 2024 5:03am Oct 3, 2024 5:03am
Checking usdx , not any abnormal movement in here too. Not test 1st confirmation yet , anyway testing supply !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,522
  • Oct 3, 2024 5:05am Oct 3, 2024 5:05am
Quoting vankiepsauff
swing short at 1.3157 , 20 lots
still hold short
vankiepsauff@gmail
  • #840,523
  • Oct 3, 2024 5:24am Oct 3, 2024 5:24am
OK next checkpoint for cable longs is 7am US ET when US traders hit the floor. Cable is their love child. Europe will party until the bigger fish turn up. That south traffic on cable and north traffic on the EURGBP cross kicked in right on 7am Frankfurt time. Is the US still in love with their favourite or will they clean out some stops first?
  • #840,524
  • Oct 3, 2024 5:26am Oct 3, 2024 5:26am
Quoting Jade Gate
OK next checkpoint for cable longs is 7am US ET when US traders hit the floor. Cable is their love child. Europe will party until the bigger fish turn up. That south traffic on cable and north traffic on the EURGBP cross kicked in right on 7am Frankfurt time. Is the US still in love with their favourite or will they clean out some stops first?
welcome back by the way!!
Insane in the Brain..
  • #840,525
  • Oct 3, 2024 5:29am Oct 3, 2024 5:29am
If you don't have one of these sitting on your desktop, you need one. Free download, you can set it to 4 different time zones.

Scroll down to the "Free Download" http://www.qlock.com/download/
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  • #840,526
  • Oct 3, 2024 5:29am Oct 3, 2024 5:29am
Here comes the extreme end of the 6 hourly demand zone. If the demand zone can hold, we expect a pullback to minimum of 1.32305 or 1.32693/1.33081. (0.382, 0.500 & 0.618 Fib)

This is the point where swing traders are required to short GBPUSD.

We need to watch out for structure and MM footprint before entry.

Pipfarm, Beetogether and all buddies. Let's watch for our collective share of this movement.

As usual, l will be relying on Pipfarm to demystify the market structure when we get to Swing. Also Beetogether on point to point expectation.

Onward together.
Market Structure is the King.....
  • #840,527
  • Oct 3, 2024 5:36am Oct 3, 2024 5:36am
Last trade for today.

tp is open
risk 30 pips
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  • #840,528
  • Oct 3, 2024 5:37am Oct 3, 2024 5:37am
Quoting Abeylyn
Here comes the extreme end of the 6 hourly demand zone. If the demand zone can hold, we expect a pullback to minimum of 1.32305 or 1.32693/1.33081. (0.382, 0.500 & 0.618 Fib) This is the point where swing traders are required to short GBPUSD. We need to watch out for structure and MM footprint before entry. Pipfarm, Beetogether and all buddies. Let's watch for our collective share of this movement. As usual, l will be relying on Pipfarm to demystify the market structure when we get to Swing. Also Beetogether on point to point expectation. Onward...
less than 2 hours till data. If the data is green then this current support of 131 will go quite easily. The main event is tomorrow however there is a potential 30-50 today too
Insane in the Brain..
  • #840,529
  • Oct 3, 2024 5:44am Oct 3, 2024 5:44am
Quoting Jade Gate
If you don't have one of these sitting on your desktop, you need one. Free download, you can set it to 4 different time zones. Scroll down to the "Free Download" http://www.qlock.com/download/ {image}

Awesome Jade, been wanting something like this but didn't know where to look
Don't Leave Money on the Table
  • #840,530
  • Oct 3, 2024 5:47am Oct 3, 2024 5:47am
Quoting HaLBot
{quote} Awesome Jade, been wanting something like this but didn't know where to look
Yw. Timing matters so much, aka liquidity and sentiment. Data fits in there somewhere. But TA rules the trading universe, imo.

Mea culpa, and those f*cking robots. You notice how they've been doing a double act on NAS and DJI? If selling NAS, they simultaneously buying DJI, or vice a versa. Evil little f*ckers. Just have to get them all to play nicely in the sandpit now, pick a direction and stay with the game. Everyone on the same page please, would make a pleasant change.
  • #840,531
  • Oct 3, 2024 5:47am Oct 3, 2024 5:47am
Quoting Whale
Last trade for today. tp is open risk 30 pips {image}
entry from 1m perspective
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  • #840,532
  • Oct 3, 2024 5:53am Oct 3, 2024 5:53am
...just back till the U.s data. Some demand then in the prev 1hr/4hr sw hi zone = pot rbs in the 2 x fibs and Mthly S1 cluster. 186% of 30day adr traveled so far today, and 179% 13wk awr so far this week. Look at that last 4hr closed candle! What are the chances of a further downside follow-thru of it @ some point (even after a p/back?)

Next fib cluster to downside is 3057-46, a 4 fib cluster. Wkly S3 above that @/around 3082.

4hr below
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Trader with an Edge.
  • #840,533
  • Oct 3, 2024 5:53am Oct 3, 2024 5:53am
As I said, Wycoff pattern is in play. We are in the middle of the up move (usdx). GU went down nicely as expected.
I am waiting for 103 lvl for a huge pull back. Still holding cable.
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  • #840,534
  • Oct 3, 2024 5:56am Oct 3, 2024 5:56am
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  • #840,535
  • Oct 3, 2024 6:07am Oct 3, 2024 6:07am
Quoting Jade Gate
{quote} Yw. Timing matters so much, aka liquidity and sentiment. Data fits in there somewhere. But TA rules the trading universe, imo. Mea culpa, and those f*cking robots. You notice how they've been doing a double act on NAS and DJI? If selling NAS, they simultaneously buying DJI, or vice a versa. Evil little f*ckers. Just have to get them all to play nicely in the sandpit now, pick a direction and stay with the game. Everyone on the same page please, would make a pleasant change.
Nice piece. "Everyone on the same page, would make a pleasant change"
Market Structure is the King.....
  • #840,536
  • Oct 3, 2024 6:14am Oct 3, 2024 6:14am
Quoting Whale
{quote} entry from 1m perspective {image}
All due respect... I hope this is a joke? Why risk everything to only make 30 pips, when you could risk just 30 pips to make everything?
Emotional Control. Process, not outcome.
  • #840,537
  • Oct 3, 2024 6:18am Oct 3, 2024 6:18am
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Trader with an Edge.
  • #840,538
  • Oct 3, 2024 6:21am Oct 3, 2024 6:21am
Quoting Konichiwhaat
{quote} All due respect... I hope this is a joke? Why risk everything to only make 30 pips, when you could risk just 30 pips to make everything?
No sure what you mean..
im in long and risk 30p from 1.31091

ohhh lol the risk reward on TV is upsidedown..
sory..
  • #840,539
  • Oct 3, 2024 6:21am Oct 3, 2024 6:21am
Quoting Headland
{image}
yeah, thats me now
People don't plan to lose. They lose because they don't plan.
  • #840,540
  • Oct 3, 2024 6:23am Oct 3, 2024 6:23am
Quoting Whale
{quote} No sure what you mean.. im in long and risk 30p from 1.31091 ohhh lol the risk reward on TV is upsidedown..
Oh i see, your colours are inverted from the norm? (Red means profit, green is the stop loss)
Emotional Control. Process, not outcome.
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