Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#841,761
Oct 14, 2024 7:01am Oct 14, 2024 7:01am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#841,762
Oct 14, 2024 7:04am Oct 14, 2024 7:04am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,030 Posts | Online Now

Quoting Moty

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Ignored

yup S3 could be the springboard as could 1300

Insane in the Brain..

#841,763
Oct 14, 2024 7:05am Oct 14, 2024 7:05am

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

Quoting Moty

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{image}

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Uh oh ! eh moty haha

stop losses very overpowered I say

Master your mind. Master Trading.

#841,764
Oct 14, 2024 7:09am Oct 14, 2024 7:09am

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

MR king USD savagery knows no bounds

Master your mind. Master Trading.

#841,765
Oct 14, 2024 7:15am Oct 14, 2024 7:15am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,030 Posts | Online Now

Slow drip range day.. maybe today we might drop drop to last weeks lows (near S3) I might take profit there and switch to long

Insane in the Brain..

#841,766
Oct 14, 2024 7:17am Oct 14, 2024 7:17am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,291 Posts

Quoting Georginson

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{quote} Maybe 1.3420 area as possible high, not expecting another mammoth 600 pips this September again... The average quarterly range is 600 pips, so far this quarter has done 770 pips, while average monthly range is 400 pips, so far this month has recorded 380 pips... All these readings shows possible attainment of average ranges for both monthly and quarterly... So a possible 200 pips retracement cannot be ruled out to 1.3200 minimum.

Ignored

Price did find resistance at 1.34. it has been a very rough period for me which explains why i have not been around. i can see the thread is still holding up well.

Data + Stat + Risk/Emotions Management

#841,767
Oct 14, 2024 7:18am Oct 14, 2024 7:18am

Abeylyn
Joined Dec 2020 | Status: Trader | 1,673 Posts

Quoting JameRomeo168

Disliked

I think the best choice is to wait until breakout as right now the uncertainty is too high to execute trade for me. Bulls and Bear are fighting hard in this consolidation zone. Bear won, market might drop to 1.29-1.28 zone. Bull won, we may see the skyrocket to 1.32-1.325 zone. Wait breakout to confirm and trade the continuation is decent decision in this market condition. I must treat this trade as this is the last trade of my life.

Ignored

Wise decision there....

You need to be properly armed with enough man power and latest technology/technical know-how to win this kind of battle.

Both sides are highly formidable

Market Structure is the King.....

#841,768
Oct 14, 2024 7:23am Oct 14, 2024 7:23am

Abeylyn
Joined Dec 2020 | Status: Trader | 1,673 Posts

Quoting Georginson

Disliked

{quote} Price did find resistance at 1.34. it has been a very rough period for me which explains why i have not been around. i can see the thread is still holding up well.

Ignored

Yeah Georginson, it did. You came up to talk about monthly range which actually played out to corroborate my settings. There i was contemplating on end to daily EWN 3 or 5. But eventually both means either temporary or permanent reversal.

Welcome back bro.

Market Structure is the King.....

#841,769
Edited 8:35am Oct 14, 2024 7:25am | Edited 8:35am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Bottom forming market playing the least chances in the shakeout ! Price rejected at 3071 and price again below 3041 , back to pavilion , below 3041 to bounce better today morning ! Now to do , test long done below to see again !
Usdx successfully broken 103 handle but may difficult hold today !

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