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Cable Update (GBPUSD)

  • #840,681
  • Oct 4, 2024 3:09am Oct 4, 2024 3:09am
...more supply @ top of that prev 1hr/4hr sw lo zone = pot sbr - initial spike up after/during re Boe Mpc member Pill.

1hr below
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Trader with an Edge.
  • #840,682
  • Oct 4, 2024 3:10am Oct 4, 2024 3:10am
Quoting HaLBot
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
missed that pump whilst I was typing my post on the forum lol. What happened?
Insane in the Brain..
  • #840,683
  • Oct 4, 2024 3:13am Oct 4, 2024 3:13am
Quoting BeeTogether
{quote} missed that pump whilst I was typing my post on the forum lol. What happened?
https://www.forexlive.com/news/boes-...tion-20241004/


I just happened to have four 0.4 lots in play and was scrambling to get my TPs out of the way as Cable pumped LOL
Don't Leave Money on the Table
  • #840,684
  • Oct 4, 2024 3:14am Oct 4, 2024 3:14am
Quoting Whale
More up to come. 1.318 before NFP minimum imo.
can you say why 1.318?
Its all just one persons opinion
  • #840,685
  • Oct 4, 2024 3:14am Oct 4, 2024 3:14am
Quoting BeeTogether
{quote} missed that pump whilst I was typing my post on the forum lol. What happened?
Bank of England Monetary Policy Committee was held and boom but was reabsorbed completely...
  • #840,686
  • Oct 4, 2024 3:16am Oct 4, 2024 3:16am
Quoting BeeTogether
{quote} missed that pump whilst I was typing my post on the forum lol. What happened?
Lol, yeh that's happened to me before. Dunno what he said (in realtime,) but it 'pumped up,' and hit more supply, then 'dumped' @ top of that pot 1hr/4hr sbr zone just into that 6 fib cluster, @/around the already breached Wkly S2.

4hr below
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Trader with an Edge.
  • #840,687
  • Oct 4, 2024 3:18am Oct 4, 2024 3:18am
Quoting HaLBot
{quote} https://www.forexlive.com/news/boes-...tion-20241004/ I just happened to have four 0.4 lots in play and was scrambling to get my TPs out of the way as Cable pumped LOL
cheers! A pump and dump lol
Insane in the Brain..
  • #840,688
  • Oct 4, 2024 3:20am Oct 4, 2024 3:20am
Quoting HaLBot
{quote} https://www.forexlive.com/news/boes-...tion-20241004/ I just happened to have four 0.4 lots in play and was scrambling to get my TPs out of the way as Cable pumped LOL
That's gotta be the phrase of the week, lol!

 

  1. Bank of England's Pill says ample reason for caution in assessing the dissipation of inflation persistence.

Trader with an Edge.
  • #840,689
  • Oct 4, 2024 3:22am Oct 4, 2024 3:22am
Usdx situation before non farm news ! Yes it test , breaks already the 1st confirmation for bounce marginally be happy to correct enough for real bounce may start next , may not even this week !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,690
  • Oct 4, 2024 3:23am Oct 4, 2024 3:23am
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yes yes yes
  • #840,691
  • Oct 4, 2024 3:27am Oct 4, 2024 3:27am
Quoting axecap
{quote} can you say why 1.318?
Sure, no secret in here
the middle of Bailey's drop.

i think we are heading for 1.325, 1.318 is partial tp for me.

off course its not just a wish.

daily - monthly are bullish.
yesterday price took the low of the last two weeks.
and 1.3125 is the last month open that should act as support
  • #840,692
  • Oct 4, 2024 3:30am Oct 4, 2024 3:30am
Quoting Whale
{quote} Sure, no secret in here the middle of Bailey's drop. i think we are heading for 1.325, 1.318 is partial tp for me.

'The Bailey Drop'
Don't Leave Money on the Table
  • #840,693
  • Oct 4, 2024 3:40am Oct 4, 2024 3:40am
Quoting Whale
{quote} Sure, no secret in here the middle of Bailey's drop. i think we are heading for 1.325, 1.318 is partial tp for me. off course its not just a wish. daily - monthly are bullish. yesterday price took the low of the last two weeks. and 1.3125 is the last month open that should act as support
Thanks for taking the time
Its all just one persons opinion
  • #840,694
  • Oct 4, 2024 3:40am Oct 4, 2024 3:40am
Quoting Mitiblotch
Today is simple: NFP green, buy the dip. NFP red, just buy. Bi, bye, buy but remember to put SL below 3089.
Where is the TP on long ?
Market Structure is the King.....
  • #840,695
  • Oct 4, 2024 3:44am Oct 4, 2024 3:44am
Quoting Whale
{quote} Bailey's drop. t
Baileys drop....sounds like a great name for a whisky
Its all just one persons opinion
  • #840,696
  • Oct 4, 2024 3:49am Oct 4, 2024 3:49am
... so, intraday bullishness overall so far. Asian lo/current dly lo is above y/day's lo, (the current wkly/mthly lo,) and 1st upside b/o of Asian hi remains true for now.

1hr below
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Trader with an Edge.
  • #840,697
  • Oct 4, 2024 3:58am Oct 4, 2024 3:58am
just gonna hold this today into weekend maybe Going to add more shorts if price comes back thanks to NFP
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Master your mind. Master Trading.
  • #840,698
  • Oct 4, 2024 4:05am Oct 4, 2024 4:05am
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
+40
Quoting W0lfram
{quote} gave a try for another hedge buy @ 1.3106
SL @ 1.314
Air force
  • #840,699
  • Oct 4, 2024 4:07am Oct 4, 2024 4:07am
Quoting Konichiwhaat
{quote} 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 {image}
Tonight's the night (NFP), either I slam down the last 100 pips to the final TP, or we fly up to (maybe) yesterdays high. Either way, nothing to do. Its cocktail night either way, it will be what it will be Good luck everyone
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Emotional Control. Process, not outcome.
  • #840,700
  • Oct 4, 2024 4:14am Oct 4, 2024 4:14am
..there is now a prev 1hr (currently minor) sw hi zone = pot res @ current dly hi - this coexistent with a 1hr/4hr pot sbr zone / 6 fib cluster / Daily pivot - this being the resistance so far.

4hr below
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Trader with an Edge.
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