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Cable Update (GBPUSD)

  • #840,581
  • Oct 3, 2024 7:41am Oct 3, 2024 7:41am
Quoting Zebi
last week everyone was bullish GU because of the tall green candles on weekly except for me now everyone turning bearish LOL time to put on my speedo and dance for the dollars strength LOL https://tenor.com/view/independence-...ly-gif-5635468
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Air force
  • #840,582
  • Oct 3, 2024 7:41am Oct 3, 2024 7:41am
Short term reversal ( correction) maybe in operation from lower timeframe 5M to be specific


A is complete B (abc) complete, moving into C with a trend , this is not a trade for me , when C is complete i will look to see if everything is good to consider a short.
Follow The Markets Structure - Patience and Discipline
  • #840,583
  • Oct 3, 2024 7:43am Oct 3, 2024 7:43am
Quoting Zebi
{quote} I'm good GP...how are you....have you been going the opposite way of the rooms majority ....last week this place was all bullish I'm still teaching my significant other...shes a perv like me so shes picking up my lessons quite well LOL
If look daily trend up ,its correction. H4 last evening trend was up,only today they broke this trend up on h4. If its stayed at H4 132400-300.Trend would be still up on H4.
  • #840,584
  • Oct 3, 2024 7:55am Oct 3, 2024 7:55am
Quoting W0lfram
{quote} {image}

are those supposed to be my quotes?

I'm an ateist so I only use god in the pejorative sense like god can go fuck himself

and I'm pretty sure I never used forum since I've been at FF...hold on let me let me check....yep never have LOL

to be honest wolfram I don't know what you mean by that screenshot
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short trump and go long the deepstate
  • #840,585
  • Oct 3, 2024 7:55am Oct 3, 2024 7:55am
Back to pre data levels.. even though the data was red no real move up..
Insane in the Brain..
  • #840,586
  • Oct 3, 2024 7:59am Oct 3, 2024 7:59am
Quoting BeeTogether
Back to pre data levels.. even though the data was red no real move up..

Yep market sentiment, maybe Bailey put some GU shorts on
Don't Leave Money on the Table
  • #840,587
  • Oct 3, 2024 8:03am Oct 3, 2024 8:03am
Quoting Zebi
{quote} I'm an ateist
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In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #840,588
  • Oct 3, 2024 8:07am Oct 3, 2024 8:07am
im off to take my mother to her doctors appointment so ill answer any questions and insults later on
short trump and go long the deepstate
  • #840,589
  • Oct 3, 2024 8:08am Oct 3, 2024 8:08am
Quoting viktoriaxz
{quote} If look daily trend up ,its correction. H4 last evening trend was up,only today they broke this trend up on h4. If its stayed at H4 132400-300.Trend would be still up on H4.
look at the DXY chart and don't get fooled by GU bullshit like everyone is in here

ill explain after NY closes later
short trump and go long the deepstate
  • #840,590
  • Oct 3, 2024 8:11am Oct 3, 2024 8:11am
Quoting pipfarm
Short term reversal ( correction) maybe in operation from lower timeframe 5M to be specific A is complete B (abc) complete, moving into C with a trend , this is not a trade for me , when C is complete i will look to see if everything is good to consider a short.
GU is really fighting to complete C , gold is a problem as i said earlier


Estimation is 3172 before a downturn or 5 waves up
Follow The Markets Structure - Patience and Discipline
  • #840,591
  • Oct 3, 2024 8:15am Oct 3, 2024 8:15am
if look daily gu at the middle 1.31380. correction 1.30.Can be till the end 129400 channel .If GU drop like this ,this is correction.After it goes the same way up.
And this channel goes up very well, daily channel.
  • #840,592
  • Oct 3, 2024 8:23am Oct 3, 2024 8:23am
Quoting pipfarm
{quote} GU is really fighting to complete C , gold is a problem as i said earlier Estimation is 3172 before a downturn or 5 waves up
3172 might be an over estimation 3143 more likely as that takes as back to the old structure low from September that was broken down by the current GU swing down
Follow The Markets Structure - Patience and Discipline
  • #840,593
  • Oct 3, 2024 8:24am Oct 3, 2024 8:24am
13120 resisting quite well everytime it goes near the damn thing bounces off
Insane in the Brain..
  • #840,594
  • Oct 3, 2024 8:30am Oct 3, 2024 8:30am
Looks like market is trying to do reversal. However, right now too early to judge. Need a lot more patience to wait for time to tell.
With courage, patience, and discipline, success is a matter of time.
  • #840,595
  • Oct 3, 2024 8:37am Oct 3, 2024 8:37am
Quoting BeeTogether
13120 resisting quite well everytime it goes near the damn thing bounces off

What are the odds of a red or neutral ISM to complete the up move , in reality one piece of bad news will not change the overall long/ medium term direction
Follow The Markets Structure - Patience and Discipline
  • #840,596
  • Oct 3, 2024 8:38am Oct 3, 2024 8:38am
Quoting pipfarm
{quote} 3172 might be an over estimation 3143 more likely as that takes as back to the old structure low from September that was broken down by the current GU swing down

Could easily go back to 3172 from here, to me after a big fall like that it looks to be building long positions to head back up and RSI is deep into oversold territory on the 1 hour chart.....

Except there is some US data just about to come out that could drive Cable lower...
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Don't Leave Money on the Table
  • #840,597
  • Oct 3, 2024 8:40am Oct 3, 2024 8:40am
I look another indicator daily channel up yes. first arrow down was 1.3262 ,second arrow down these days at 3356.Arrow up no arrow up.It can appear on daily 130500- 129500 .but not here.Target can be much more 1.35
  • #840,598
  • Oct 3, 2024 8:44am Oct 3, 2024 8:44am
Quoting HaLBot
{quote} Could easily go back to 3172 from here, to me after a big fall like that it looks to be building long positions to head back up and RSI is deep into oversold territory on the 1 hour chart..... {image}
Possibly , if i am right and this is C of the 5minute correction , we are already deep into 3 of the 5 waves a C makes, so i will stick to 3140s
Follow The Markets Structure - Patience and Discipline
  • #840,599
  • Oct 3, 2024 8:48am Oct 3, 2024 8:48am
The evil bots are at it again, buying NAS, selling DJI. Meanwhile the S&P is jammed between the PA for both. Currencies likely to stand still or channel tightly while equities slug it out and market decides what to do with the USD.
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  • #840,600
  • Oct 3, 2024 8:48am Oct 3, 2024 8:48am
Quoting pipfarm
{quote} Possibly , if i am right and this is C of the 5minute correction , we are already deep into 3 of the 5 waves a C makes, so i will stick to 3140s
Serious bit of US data out at the top of the hour, if negativo then will go higher imo....
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Don't Leave Money on the Table
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