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Cable Update (GBPUSD)

  • #842,021
  • Oct 16, 2024 2:50am Oct 16, 2024 2:50am
Quoting Headland
...the only thing I can identify @ current dly lo is the 176.4% downside ext of y/day's lo-hi move. The longer that little consolidation went on there @ the bottom (visible on 5min and below) the more the bullish regular div grew on those t/f's, with 15min and 30min in v. o/s territory re their osc's. Not the most satisfactory of set-ups though re pot supp/res. I guess it's one of those 'there's always @ least a pullback, after a candle like that,' types lol!?

I've shown these before but worthy of another eg as can be a useful technical addition to anyone's arsenal @ extremes. Ie; when a full 'reversal type' candle closes outside the 20 bol band (white on chart below.) this a 30min eg. This said they, like everything else, are not infallible, ie the 15min that did so before it, higher up, failed, - 1st failure of one of these I've seen in a while. I could see it was likely to do so which is why I risked a long with just that flimsy potential supp as described in quote above.
------------------

Price testing bottom of 'layered' pot sbr now @ current p/back hi of the day's present main down move.

30min below
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Trader with an Edge.
  • #842,022
  • Oct 16, 2024 2:55am Oct 16, 2024 2:55am
We could be in the correction/ retrace area now. As long as we don’t break below 12980. I don’t think there is more data today to mess things up so potential chance of recovering towards 13020-50. Tomorrow another day that might give more fireworks
Insane in the Brain..
  • #842,023
  • Oct 16, 2024 3:02am Oct 16, 2024 3:02am
Quoting okhomina
{quote} Finally, price action Is superior {image}
But the move is not confirmed yet
  • #842,024
  • Oct 16, 2024 3:06am Oct 16, 2024 3:06am
Quoting Jackoboms
{quote} But the move is not confirmed yet
Hi, well it was certainly a 1st downside b/o of Asian lo, then y/day's lo, then last wk's lo, then last mth's lo....maybe we need to see how this 4hr candle closes (on the gmt+3hrs price feed,) in just over 50mins.

4hr below
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Trader with an Edge.
  • #842,025
  • Oct 16, 2024 3:06am Oct 16, 2024 3:06am
Quoting axecap
{quote} 2987 is ADR for the day....so thats why the bounce..... the CPI numbers were significant so we could easily go back down and beyond
ok , as the bounce was little up the limi 3001 , so now 2981/4 be enough stop to see what next ! take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,026
  • Oct 16, 2024 3:07am Oct 16, 2024 3:07am
Quoting Jackoboms
{quote} But the move is not confirmed yet
Yes bro, it's not confirmed yet
  • #842,027
  • Edited 3:21am Oct 16, 2024 3:08am | Edited 3:21am
Quoting Orand
{quote} -------- Sl filled on 1.3025 what a loss ------ Long at 1.3017 SL : 1.2982 TP : OPEN
(Close at 1.30),Bad loss today
---------
Stop trading on GU , there is always tomorrow
----------
Today Status (-18,-47pip) Total : -65pip
Today Win Ratio : 0/2 or %0
Max Drawdown : -65
Max profit : +0
  • #842,028
  • Oct 16, 2024 3:17am Oct 16, 2024 3:17am
Quoting jordanvic
1.30 round number long
I thought you will wait to see if it Breaks today's low or hold. Then you decide.
  • #842,029
  • Oct 16, 2024 3:24am Oct 16, 2024 3:24am
A dangerous proposition to buy here but sometimes I like to live dangerously.
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The market hides a perfect geometry.
  • #842,030
  • Oct 16, 2024 3:35am Oct 16, 2024 3:35am
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yes yes yes
  • #842,031
  • Edited 3:54am Oct 16, 2024 3:36am | Edited 3:54am
...I have some bearish hidden div present on 5min @ the current p/back hi, and it might hold good on any deeper upside p/back of the day's prevailing main down move, as might 15min + of the same develop if the 15min/30min and now 1hr o/s reads continue to unwind upwards. Price @ the current p/back hi is in the 1st of the 1hr and 4hr layered pot sbr zone (s.)

1st fib cluster to the upside is 3011-17 (3,) then 3028-33 (4,) these assuming the 2982/83 current dly lo holds.
Trader with an Edge.
  • #842,032
  • Oct 16, 2024 3:40am Oct 16, 2024 3:40am
Quoting Jackoboms
{quote} I thought you will wait to see if it Breaks today's low or hold. Then you decide.
The right thing to do is wait and see but my FOMO will be too strong to deal with if it reverses and flies up without me.
  • #842,033
  • Oct 16, 2024 3:41am Oct 16, 2024 3:41am
Here's a little rant:

i would love to trade UK news events like i trade the US news events, but they don't post as detailed CPI tables as the US does, so the accessibility is low and untradeable for me. The volatility is great though. It's a shame that UK government just posts a wall of text.
You have to have an IQ higher than 90 to interact with this user.
  • #842,034
  • Oct 16, 2024 3:43am Oct 16, 2024 3:43am
Come on mister goldi
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yes yes yes
  • #842,035
  • Oct 16, 2024 3:47am Oct 16, 2024 3:47am
Quoting Wavegarrick
{quote} For die hard bulls like me. We are at levels that will turn a rottweiler into a scared cat. I like a retrace towards my future daily pivot at 1.33904 to 1.33725 for a possible buy trade, but hey, the onus is on you. 1.4000 is my target but let's first get to quarterly levels at 1.35 my immediate target. Daily higher high, so let's take the tip that the market has thrown at us. Cheers. {image} {image}
For all die hard bulls, bias = pain...
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  • #842,036
  • Oct 16, 2024 3:50am Oct 16, 2024 3:50am
If you want to continue to go down , you need to go above 50% level before that
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yes yes yes
  • #842,037
  • Oct 16, 2024 3:52am Oct 16, 2024 3:52am
Quoting Moty
If you want to continue to go down , you need to go above 50% level before that {image}
13020-50 then down to maybe below 12950. That’s my plan
Insane in the Brain..
  • #842,038
  • Oct 16, 2024 3:59am Oct 16, 2024 3:59am
Quoting BeeTogether
{quote} 13020-50 then down to maybe below 12950. That’s my plan

Aaah, but is it the market's plan!?
------------------------------------

.. 1hr (and 4hr) are about to close. The eagle-eyed will have spotted that the last 1hr too closed outside it's 20bol, (see chart below.) A fractal swing lo now @ 2982 current dly lo, on this t/f.

1hr below
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Trader with an Edge.
  • #842,039
  • Oct 16, 2024 4:01am Oct 16, 2024 4:01am
Quoting Waveskierrob
{quote} For all die hard bulls, bias = pain... {image}
Waveskie,

I know you rarely grace us with a trading chart, but here's a little glimpse of what happened since October 26th with yours.

No pressure, but... you might wanna fix that table soon, because the price is still doing its best impression of a bungee jump—minus the bounce!

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #842,040
  • Oct 16, 2024 4:08am Oct 16, 2024 4:08am
just the horizontal line daily open crossover
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""TP is whatever you can get before it goes against you.""
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