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Cable Update (GBPUSD)

  • #841,281
  • Oct 9, 2024 2:56am Oct 9, 2024 2:56am
Quoting Abeylyn
{quote} That language is really too strong and really not necessary in a forum. Each trader is meant to trade whatever he sees while your explanation with evidence as regards your position should do the conviction. The market itself has presented a mix sentiment and both sides can benefit. Let's be cautious.
Your are right
Emotional Control. Process, not outcome.
  • #841,282
  • Oct 9, 2024 2:57am Oct 9, 2024 2:57am
Quoting Waveskierrob
{quote} Not upset at all, as you can see I love interacting on the thread more than fishing, hopefully you will refrain from calling others names, but if not at least I tried... happy trading...
Noted. Let's try again
Emotional Control. Process, not outcome.
  • #841,283
  • Oct 9, 2024 3:14am Oct 9, 2024 3:14am
It’s gonna be a crazy day.. hopefully a lot more movement.. testing long now to see if the days highs can break. Then a possible short later in time for FOMC minutes later as whispers are about no major cut in November and anything that can help solidify that makes USD stronger.
Insane in the Brain..
  • #841,284
  • Oct 9, 2024 3:19am Oct 9, 2024 3:19am
GBPUSD - Sell

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Together we can be strongest
Vantage Return This Month: na
  • #841,285
  • Oct 9, 2024 3:21am Oct 9, 2024 3:21am
Quoting BeeTogether
So school run and the cable dumps before a huge pump up! Not sure what the trigger was but damn! Missed my TP by 15 odd pips so still in trade. Looking to break below 13050 today
Monthly low. . Today, tomorrow or next week doesn't matter. But the point is there for end games. Right now, I'm just a retail SELLER.
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Look right, we'll see the signs
  • #841,286
  • Oct 9, 2024 3:32am Oct 9, 2024 3:32am
Quoting azhantahir
{quote} Monthly low. . Today, tomorrow or next week doesn't matter. But the point is there for end games. Right now, I'm just a retail SELLER. {image}
Overall I’m a seller today too however am looking for over 131 to short from as the breakout could be big.
Insane in the Brain..
  • #841,287
  • Oct 9, 2024 3:40am Oct 9, 2024 3:40am
Quoting BeeTogether
{quote} Overall I’m a seller today too however am looking for over 131 to short from as the breakout could be big.
Personally, I'm also waiting for that point (previous weekly low), but prices already signed us with a new lower low. Seems prices will drop after that. Just my personal opinion.
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Look right, we'll see the signs
  • #841,288
  • Oct 9, 2024 3:40am Oct 9, 2024 3:40am
Quoting BeeTogether
{quote} Overall I’m a seller today too however am looking for over 131 to short from as the breakout could be big.
3107 precisely to short but doesn't really worthy the stress for me.

It's better I see 1.32 to look for Short or 1.30 Daily Support to look for Buy or the alternate Sell.

Until then, I will continue to watch the cruise.
Market Structure is the King.....
  • #841,289
  • Oct 9, 2024 4:06am Oct 9, 2024 4:06am
Quoting palpite
GBPUSD - Sell {image}
closed + 1,3 pips

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Together we can be strongest
Vantage Return This Month: na
  • #841,290
  • Edited 4:31am Oct 9, 2024 4:14am | Edited 4:31am
POV: You bought GU the past couple days (absolutely BRUTAL chop)

Edit:
Either a reversal happens, or we're going to see a correction as the trend resets for another few days.

I'm holding my short, similarly I'm trading the inverse of UJ as well
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Discouragement is the language of the devil. Results over hype.
  • #841,291
  • Edited 4:34am Oct 9, 2024 4:20am | Edited 4:34am
G/M, just as price has made a few false downside b/o's of last week's 3069 lo, so the current dly lo (in that 3057-3046 4 fib cluster) might be described as a 1st false downside b/o of the recent 1hr range/consolidation. Low volatility/probably low volume characterizes the last 2 x whole trading days that started this week. On 4hr it's easy to see the evidence of the buyers (circled.) 4hr though remains in a general downtrend.

Under current dly lo the prev 1hr/4hr/dly/wkly sw lo zone = pot supp that extends down to 3001, (already in wkly part @ that lo,) and on dly starts circa 3037. Dly S3 in there @/around 3026, and a 50% longer-term fib @ 3022. Just under it @ 2999 the 38.2% of the 2300-3434 move, the current yrly lo-hi.
@ current dly lo 4hr has bullish regular div in it's osc's, and dly has bullish hidden div - which may stay valid whilst above said 3001.

4hr below
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Trader with an Edge.
  • #841,292
  • Oct 9, 2024 4:26am Oct 9, 2024 4:26am
Quoting majidstarr
hello to all {image}
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  • #841,293
  • Oct 9, 2024 4:37am Oct 9, 2024 4:37am
Quoting Headland
G/M, just as price has made a few false downside b/o's of last week's 3069 lo, so the current dly lo (in that 3057-3046 4 fib cluster) might be described as a 1st false downside b/o of the recent 1hr range/consolidation. Low volatility/probably low volume characterizes the last 2 x whole trading days that started this week. On 4hr it's easy to see the evidence of the buyers (circled.) 4hr though remains in a general downtrend. Under current dly lo the prev 1hr/4hr/dly/wkly sw lo zone = pot supp that extends down to 3001, (already in wkly part @...
Thanks .

Nice revelation there..
Market Structure is the King.....
  • #841,294
  • Oct 9, 2024 4:38am Oct 9, 2024 4:38am
...with Fomc minutes due later today, and then U.s Cpi, Uk Gdp and U.s Ppi in that order, on Thurs/Fri, it may be likely that we see a pick-up in volatility?
It's been okay on the lower t/f's, but I am guessing those on 1hr+ triggers for eg, are a little frustrated?

Downside fibs below
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Trader with an Edge.
  • #841,295
  • Oct 9, 2024 4:41am Oct 9, 2024 4:41am
Quoting Headland
G/M, just as price has made a few false downside b/o's of last week's 3069 lo, so the current dly lo (in that 3057-3046 4 fib cluster) might be described as a 1st false downside b/o of the recent 1hr range/consolidation. Low volatility/probably low volume characterizes the last 2 x whole trading days that started this week. on 4hr it's easy to see the evidence of the buyers (circled.) 4hr though remains in a general downtrend. Under current dly lo the prev 1hr/4hr/dly/wkly sw lo zone = pot supp that extended down to 3001, (already in wkly part @...
hi, bud. Sorry for interrupting. if we refer to H4 key support, 1st time has already been rejected (false break). Now it comes with 2nd target. Price still hanging between key support. Probabilities are still there. Just a personal opinion. Guide me if I'm wrong.
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Look right, we'll see the signs
  • #841,296
  • Oct 9, 2024 4:46am Oct 9, 2024 4:46am
[quote=azhantahir;15023743]{quote} hi, bud. Sorry for interrupting. if we refer to H4 key support, 1st time has already been rejected (false break). Now it comes with 2nd target. Price still hanging between key support. Probabilities are still there. Just a personal opinion. Guide me if I'm wrong. {image}[/quote

Hello friend,

The general flow of price is at the heart of 4 hour trend which he refers.

Basically, I see price operating at 12hour chart support trying to locate the daily support around 1.30.

I wouldn't know may be we are on same page but will appreciate your own analysis as well.
Market Structure is the King.....
  • #841,297
  • Oct 9, 2024 4:53am Oct 9, 2024 4:53am
Quoting Abeylyn
Quoting azhantahir
{quote} hi, bud. Sorry for interrupting. if we refer to H4 key support, 1st time has already been rejected (false break). Now it comes with 2nd target. Price still hanging between key support. Probabilities are still there. Just a personal opinion. Guide me if I'm wrong. {image}[/quote Hello friend, The general flow of price is at the heart of 4 hour trend which he refers. Basically, I see price operating at 12hour chart support trying to locate the daily support around 1.30. I wouldn't know may
...
Yeah! Just viewed your chart. We are on same page.

Nice day there...
Market Structure is the King.....
  • #841,298
  • Oct 9, 2024 5:05am Oct 9, 2024 5:05am
For 15 pips
10 pips sl
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yes yes yes
  • #841,299
  • Oct 9, 2024 5:07am Oct 9, 2024 5:07am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #841,300
  • Edited 5:24am Oct 9, 2024 5:13am | Edited 5:24am
Quoting azhantahir
{quote} hi, bud. Sorry for interrupting. if we refer to H4 key support, 1st time has already been rejected (false break). Now it comes with 2nd target. Price still hanging between key support. Probabilities are still there. Just a personal opinion. Guide me if I'm wrong. {image}
Hi. Actually I wouldn't have called that 1st level on left of your chart 'key support.' To me it was a previous minor swing lo zone that was breached to the downside (yes only just,) but the 2nd swing lo zone then formed on that t/f - is I think more 'key' than the 1st, in that it is a fractal swing lo now on t/f's above it too. Just different ways of looking at things I guess, but my definition of 'key' is when the fractal swing also exists as such on t/f's above the one it is 1st present on. As for probabilities, well that's for us all to judge individually, if price tests it.
Trader with an Edge.
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