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Cable Update (GBPUSD)

  • #841,701
  • Oct 13, 2024 6:53pm Oct 13, 2024 6:53pm
[quote=KareemAliFx;15027254]I’m holding these positions and working on layering more lots on Tuesday as we do have bank holidays for Japanese markets and of course the USA bank holiday . I’m expecting further dollar strength but we have seen a huge extended rally so a cooldown would be good for me to layer more longs on the greenback in anticipation for without a doubt the biggest USA election we will have ! Good luck all {image} {image}[/quote
I am doing the same....i allso like gbpcad long above 1.30...

kindly
  • #841,702
  • Oct 13, 2024 7:29pm Oct 13, 2024 7:29pm
[quote=ninner;15027422]
Quoting KareemAliFx
I’m holding these positions and working on layering more lots on Tuesday as we do have bank holidays for Japanese markets and of course the USA bank holiday . I’m expecting further dollar strength but we have seen a huge extended rally so a cooldown would be good for me to layer more longs on the greenback in anticipation for without a doubt the biggest USA election we will have ! Good luck all {image} {image}[/quote I am doing the same....i allso like gbpcad long above 1.30... kindly
Hi friend , I don’t know about GBPCAD my focus is mr USD but good luck
Master your mind. Master Trading.
  • #841,703
  • Oct 13, 2024 7:37pm Oct 13, 2024 7:37pm
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yes yes yes
  • #841,704
  • Oct 13, 2024 8:24pm Oct 13, 2024 8:24pm
Quoting Moty
{image} {image}
In other words, a repeat of what happened in the period between June 26 and August 8, this year, on D1. I’m with you, on this.

Bulls all the way.

But as always in Forex, anything can happen and that is where SL comes in.
  • #841,705
  • Oct 13, 2024 9:19pm Oct 13, 2024 9:19pm
Quoting Waveskierrob
{quote} added even more SHORTS Leon BE now at 1.2450, love the power of averaging...
Added to SHORTS BE is now at 1.2500, not long now Leon...
  • #841,706
  • Oct 13, 2024 9:31pm Oct 13, 2024 9:31pm
https://www.forexfactory.com/thread/...0#post15027270
Gbpusd better below 3041 , say 3034 ok , so long taking both gbpusd and eurusd to see . Take care
Target same 0950 and 3080 if all ok. Sl just previous lows ?
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #841,707
  • Oct 13, 2024 10:19pm Oct 13, 2024 10:19pm
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  • #841,708
  • Edited 11:07pm Oct 13, 2024 10:57pm | Edited 11:07pm
Countering directional bias of last week, perceiving an oversold market, bought off the little W formation, off yesterday's low completing a multi-day W.
Peak formation low put in on October 10th, following some news that produced some volatility.
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Discouragement is the language of the devil. Results over hype.
  • #841,709
  • Oct 13, 2024 11:18pm Oct 13, 2024 11:18pm
Quoting imjoshbrown
Countering directional bias of last week, perceiving an oversold market, bought off the little W formation, off yesterday's low completing a multi-day W. Peak formation low put in on October 10th, following some news that produced some volatility. {image} {image}
Very nice analysis
A question - as it is the Asian session, would you have considered trading GbpJpy long instead?
i.e. GbpUsd gave the signal, but UsdJpy showed Jpy was weaker than Usd, so long GbpJpy - many more pips
  • #841,710
  • Oct 13, 2024 11:55pm Oct 13, 2024 11:55pm
Quoting Moty
{image} {image}
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yes yes yes
  • #841,711
  • Oct 14, 2024 12:08am Oct 14, 2024 12:08am
Layer another short stop loss set going to bed
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Master your mind. Master Trading.
  • #841,712
  • Oct 14, 2024 12:09am Oct 14, 2024 12:09am
UJ
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Master your mind. Master Trading.
  • #841,713
  • Oct 14, 2024 12:19am Oct 14, 2024 12:19am
come on mister goldi
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yes yes yes
  • #841,714
  • Oct 14, 2024 12:29am Oct 14, 2024 12:29am
Partial holiday in the US today

https://www.forexlive.com/news/heads...e-us-20241014/
Don't Leave Money on the Table
  • #841,715
  • Oct 14, 2024 12:53am Oct 14, 2024 12:53am
G/M, a marginal ist false b/o of Fri's lo in Asian session to form the current Asian lo/current dly lo...price has risen from there and is now close to the current Asian hi. Last week's 3015 lo remains unchallenged so far today/this week, after seeing a bounce up/away from it on Thurs last week. It's that changeover period between Asia and Frankfurt/early London fx desks. U.s bank hol.

4hr in a general downtrend, 1hr a bit more rangy really.

1hr below
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Trader with an Edge.
  • #841,716
  • Oct 14, 2024 1:10am Oct 14, 2024 1:10am
..prev 1hr/4hr sw hi zones = pot res to fri's then thur's hi's are the next pot res . 4hr falling wedge (ish!)under threat of upside b/o? (dot?dashed line.)
1st fib cluster to upside 3090-96 - a 3 fib cluster, - 3111-17, a 5 fib cluster where 4 of them are 3111-14.

4hr below
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Trader with an Edge.
  • #841,717
  • Edited 2:39am Oct 14, 2024 1:39am | Edited 2:39am
Checking at last phase of this bounce for 3080 , next 3071 , target should d
Be there , so watching for close !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #841,718
  • Oct 14, 2024 1:49am Oct 14, 2024 1:49am
Quoting palpite
GBPUSD - Buy {image}
closed + 4,5 pips

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Together we can be strongest
Vantage Return This Month: na
  • #841,719
  • Oct 14, 2024 1:56am Oct 14, 2024 1:56am
...London equities due to open in a few minutes on the hour. That 4hr falling wedge top/new wkly Pivot causing the res for the bulls right now. 30min and 1hr remain rangy right now, and intraday so far is neutral as of right now. 1st upside b/o of Asian hi just about holding? Last Fri's, then Thur's, then Wed's hi's above that.

1hr below
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Trader with an Edge.
  • #841,720
  • Oct 14, 2024 2:35am Oct 14, 2024 2:35am
...118pips was last wk's range, - we used to get that, and more - on a dly range! Wow!

Last week's 3015 lo (now a prev 1hr/4hr/presently v.minor dly sw lo zone = pot supp,) came in that prev 1hr/4h/dly/wkly sw lo zone = pot supp that extends down to 3001. This is coexistent with, and a 1st test of the mthly part of the prev dly/wkly/mthly sw hi zone = pot rbs that began @ 3142 (last yr's hi), and is v.wide on this t/f. On the wkly t/f it is coexistent with, and a 2nd test of the wkly part of the prev dly/wkly sw hi zone = pot rbs that began @ 3045, the 1st test being said 3001.

So, is it base camp for the bulls' attempt to ascend the heights,? -or- is it just a pitstop for the bears' journey lower?

Mthly then Wkly below.
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