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Cable Update (GBPUSD)

  • #840,981
  • Oct 7, 2024 4:49am Oct 7, 2024 4:49am
..
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  • #840,982
  • Oct 7, 2024 4:57am Oct 7, 2024 4:57am
Long 1.3067
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #840,983
  • Oct 7, 2024 4:59am Oct 7, 2024 4:59am
So what is driving the PA atm? These are - geopolitical risks. WTI and DXY. Fundies data does not always have a role to play, sometimes there are over-riding issues at work.
We will see what the US traders do with it all in another hour from now
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  • #840,984
  • Oct 7, 2024 5:02am Oct 7, 2024 5:02am
Quoting BeeTogether
{quote} Wise call… I’m looking at it this support can break lower however could be the main pivot area for a move up
i buy now 3063
  • #840,985
  • Oct 7, 2024 5:03am Oct 7, 2024 5:03am
Quoting navk
3070 long. 3065 stop
so
Intraday only.
  • #840,986
  • Oct 7, 2024 5:04am Oct 7, 2024 5:04am
Quoting BeeTogether
{quote} it keeps knocking on 13070 the trapdoor is creaking open
Yeah watching , breaks , likely back there soon
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,987
  • Oct 7, 2024 5:05am Oct 7, 2024 5:05am
And this, indices selling off (for the moment at least)
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  • #840,988
  • Oct 7, 2024 5:09am Oct 7, 2024 5:09am
These contract rollover gaps have had my interest since they occurred in Sept
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  • #840,989
  • Oct 7, 2024 5:09am Oct 7, 2024 5:09am
Quoting Whale
{quote} i buy now 3063
We could possibly get to 1.3
  • #840,990
  • Oct 7, 2024 5:10am Oct 7, 2024 5:10am
Quoting Jackoboms
{quote} We could possibly get to 1.3
could,
I'm not a prophet, risk manger only.
  • #840,991
  • Oct 7, 2024 5:10am Oct 7, 2024 5:10am
[cita=jmss59;15021589]... {imagen}[/cita]

Lack of confirmation in minor tfs for longs
  • #840,992
  • Oct 7, 2024 5:15am Oct 7, 2024 5:15am
This area is showing similar support as 131-13110 did earlier it seems.
Insane in the Brain..
  • #840,993
  • Oct 7, 2024 5:17am Oct 7, 2024 5:17am
Quoting Whale
{quote} could, I'm not a prophet, risk manger only.
Your entry seems to be correct, i copy you at my risk
Intraday only.
  • #840,994
  • Oct 7, 2024 5:19am Oct 7, 2024 5:19am
you know what.

They try maximum to take your stop and account at times.( if stop not set )

This is one of those days.

lol
Intraday only.
  • #840,995
  • Oct 7, 2024 5:21am Oct 7, 2024 5:21am
Quoting navk
{quote} Your entry seems to be correct, i copy you at my risk
i was looking for the break of the previous big bearish hourly candle low on a daily support.
Nothing fancy.
  • #840,996
  • Oct 7, 2024 5:52am Oct 7, 2024 5:52am
Quoting Abeylyn
{quote} Market has already falling into a range carved within the high low that was established last Friday. Therefore, a breakout to either the upside or downside of the range is required. However, quoting my last chart on LTF, Condition for AB and BC already achieved but waiting for CD to Buy. The support created at low must hold before thinking of Buying. Look for MM footprint under proper risk management and ensure conformity with your own strategy before trading. Good luck and have a nice pipping
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CD is fully formed at extreme Support but needs MM footprint to succeed. Atleast 3 or 5 minutes chart trend.
Market Structure is the King.....
  • #840,997
  • Oct 7, 2024 5:55am Oct 7, 2024 5:55am
Quoting Yngwie
Long 1.3067
closed
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #840,998
  • Oct 7, 2024 6:00am Oct 7, 2024 6:00am
Quoting Whale
{quote} i buy now 3063
closed BE.

call it a day i think.
  • #840,999
  • Oct 7, 2024 6:03am Oct 7, 2024 6:03am
Quoting Abeylyn
{quote} {image} CD is fully formed at extreme Support but needs MM footprint to succeed. Atleast 3 or 5 minutes chart trend.
Basically trend trade suppose to have been executed at C but market fell into range therefore given a low probability despite MM footprint. Again, the structure to B is already faulted. Not properly formed.

If I have to Short, I would wait for price to breakout of this current low and a pullback to at least 0.386 to go short (Dow theory) but that cannot happen again today.

If prices reverses from here to the upside I will be thinking of buyers taken over or alternatively remain neutral in Intraday expectations.

Good luck and a nice call there from BeeTogether and Headland.

Others should share views. Sending signals is not really enough.
Market Structure is the King.....
  • #841,000
  • Oct 7, 2024 6:19am Oct 7, 2024 6:19am
i will give it a try
div on H4
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