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Cable Update (GBPUSD)

  • #840,661
  • Oct 4, 2024 1:32am Oct 4, 2024 1:32am
G/M, 201.5% of 30day adr bearish dly candle y/day - don't see that very often!. Bearish week so far with 182% of 13wk awr already traveled. Today so far Asia carries on the pullback started @ y/day's lo and early London just made a 1st upside b/o of the Asian hi. 3163-75 a 6 fib cluster. Daily Pivot @/around the bottom of it.

1hr below
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Trader with an Edge.
  • #840,662
  • Oct 4, 2024 1:37am Oct 4, 2024 1:37am
...1hr bearish hidden div is present now and it night stay valid on any further upside p/back of the week's present main down-move, whilst below 3278. Price challenging a prev 1hr/4hr sw lo = pot sbr now. One above that too.

4hr below (with 10/20/40 ema crosses graphic.)
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Trader with an Edge.
  • #840,663
  • Oct 4, 2024 1:38am Oct 4, 2024 1:38am
So bounce working , minimum correction goes over 3194 but may not in one leg again . So this leg may react 3174. . Waiting for 74 then!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,664
  • Oct 4, 2024 1:42am Oct 4, 2024 1:42am
Quoting fontu
So bounce working , minimum correction goes over 3194 but may not in one leg again . So this leg may react 3174. . Waiting for 74 then! {image}

This one hour candle started at 3130 so I'm expecting it to go to 3160 but could be wrong


Only just got home from work and put buys on Cable 3248 and Euro 1032 although Euro still looking weak, damn Europeans
Don't Leave Money on the Table
  • #840,665
  • Oct 4, 2024 1:46am Oct 4, 2024 1:46am
Quoting Whale
This wick still hold the sellers.. maybe just a coincidence.. But hope to squeeze some green pipsis {image}
partial at the 50% ( middle black line)
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  • #840,666
  • Oct 4, 2024 1:46am Oct 4, 2024 1:46am
...it is very likely that there will be some players waiting to 'sell the rally.' Ie; join the 4hr and 1hr downtrends @ a discount. The current upside p/back is in the shadow of y/day's dly bearish candle right now! Over 76.4% of last mth's 3001-3434 rise given back @ y/day's 3092 lo - the current mthly lo.

dly below
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Trader with an Edge.
  • #840,667
  • Oct 4, 2024 1:54am Oct 4, 2024 1:54am
Quoting Yngwie
Long 1.3092 SL 1.3089
closed 63p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #840,668
  • Edited 2:08am Oct 4, 2024 1:54am | Edited 2:08am
Quoting HaLBot
{quote} This one hour candle started at 3130 so I'm expecting it to go to 3160 but could be wrong Only just got home from work and put buys on Cable 3248 and Euro 1032 although Euro still looking weak, damn Europeans
Price still in bull territory and in full control , in a bull set up , ok a top failure in place ,but not confirmed any yet. Pull back may to bull back possible .ok , bottom still not done and so may further down. But no necessary ! Price already tested demand and may enough for supply test !let's see take care.
Perhaps usdx not give any 1st confirmation for the bounce yet , if not or even done a good correction likely before real bounce may start !
Yesterday tanking abruptly sole this pair was abnormal scammers work , must pay huge for this possible ,like gap filling / vacuum filling effects !
If 3174 not stops for next leg down to up 94 , that direct go above 94 before next leg down to up 3237 will indicate strong bounce scenerios!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,669
  • Oct 4, 2024 2:01am Oct 4, 2024 2:01am
...usual pre-NFP chatter going on... extracts from a CNBC article below.
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Trader with an Edge.
  • #840,670
  • Oct 4, 2024 2:15am Oct 4, 2024 2:15am
Quoting Headland
...usual pre-NFP chatter going on... extracts from a CNBC article below. {image} {image}
So first case may applied , strong or weak , cut rates aggressively ! No option
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,671
  • Oct 4, 2024 2:19am Oct 4, 2024 2:19am
Quoting fontu
{quote} So first case may applied , strong or weak , cut rates aggressively ! No option
Hi. I have no idea...I just try to follow when whatever happens, actually happens. I'm not smart enough to work out what beforehand.
Trader with an Edge.
  • #840,672
  • Oct 4, 2024 2:27am Oct 4, 2024 2:27am
Quoting Headland
...usual pre-NFP chatter going on... extracts from a CNBC article below. {image} {image}
yes most already pricing on 25bps, 67% vs 33 %. so yes a strong number wont change that. 25bps is minimum.
weak number will change the expectaion. BUT theres still plenty of time for more "numbers"
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Its all just one persons opinion
  • #840,673
  • Oct 4, 2024 2:33am Oct 4, 2024 2:33am
Quoting Waveskierrob
{quote} I am now that Leon is M.I.A {image}
Compulsions can be hard to resist
  • #840,674
  • Oct 4, 2024 2:49am Oct 4, 2024 2:49am
...quel suprise ...some supply @ a potential sbr zone, re current dly hi.

1hr below
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Trader with an Edge.
  • #840,675
  • Oct 4, 2024 2:53am Oct 4, 2024 2:53am
In that zone for NFP not expecting too much of a movement till then. 13130-50 maybe trickle up to 13170 before but can’t see much else

current resistance 13150
Insane in the Brain..
  • #840,676
  • Oct 4, 2024 2:56am Oct 4, 2024 2:56am
Today is simple:
NFP green, buy the dip.
NFP red, just buy.

Bi, bye, buy but remember to put SL below 3089.
  • #840,677
  • Oct 4, 2024 2:57am Oct 4, 2024 2:57am
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Trader with an Edge.
  • #840,678
  • Oct 4, 2024 3:01am Oct 4, 2024 3:01am
BOE's Pill just gave me some very nice medicine, 180 kangaroos on that pump, very unexpected


If only everyday there was a pump like that.....


Now back to the Euro kicking me in the goolies, damn Europeans
Don't Leave Money on the Table
  • #840,679
  • Oct 4, 2024 3:03am Oct 4, 2024 3:03am
More up to come. 1.318 before NFP minimum
imo.
  • #840,680
  • Oct 4, 2024 3:08am Oct 4, 2024 3:08am
Quoting Headland
{quote} Hi. I have no idea...I just try to follow when whatever happens, actually happens. I'm not smart enough to work out what beforehand.
That's the best if can adapt ! Me try as market intention , if no , skip the whole , one way most time or avoid ! Abnormal spikes usually unpredictable not follow any. Like yesterday sudden down , before I ready it happened , unpredictable, 30/40 pips ok but huge , 9 am go office ok price after 10 am open chart to see it already happened , may over 100 pips down before news as visible might have other news ! ! So all avoid though it was very targeted before ! Take care
Anyway now target keep up still , testing tl already though .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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