Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#842,081
Oct 16, 2024 7:29am Oct 16, 2024 7:29am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting KareemAliFx

Disliked

Nice to wake up to that limit order being hit, surprised that went through throu despite spreads I would like 147 {image}

Ignored

Nice shorts you have there.
Am also looking forward for swing short setup,
But waiting for price to break below 148.4 low as BOJ dont want to commit to more hike yet.
Even BOJ hike is very underpriced.
If low broken, 137 or 133 is very likely for next swing low.

More time in the market, does not mean you trade better!

#842,082
Oct 16, 2024 7:36am Oct 16, 2024 7:36am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,415 Posts

Testing signal 3028 , done , next break out and confirmation at 3013

Not understand?better not follow my analyses!doubt clearer first, risks ++

#842,083
Oct 16, 2024 7:44am Oct 16, 2024 7:44am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

EU

This is my guessing on EUR/USD based on my scalping strategy.

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On the Weekly, there was a break of structure to the downside a few weeks ago.
This break is likely part of a wave B, indicating a potential move down to complete wave C before resuming the uptrend.

It's still probable that this is a wave 1 or wave A, forming a large ABC correction (wave 2 or B), with the completion of wave C expected before the upward move continues.

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On the Daily, the Euro has shown consistent weakness since the structure break, making it favorable for short opportunities on the lower time frames, with minimal pullbacks.

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On H4, we can clearly see the trend structure of lower lows and lower highs. If the price breaks the last structure level, I'll shift to looking for buying opportunities. However, without a structure break, I would remain on the sidelines on lower time frames, continuing to look for shorts. While many traders aim to catch the bottom and time the reversal perfectly, it's much safer to wait for an impulsive move up, followed by a structure break, and then wait for a pullback before going long. If the downtrend continues without a break, I'll keep looking for short positions.

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#842,084
Oct 16, 2024 7:49am Oct 16, 2024 7:49am

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

Quoting Fardeen1209

Disliked

{quote} Nice shorts you have there. Am also looking forward for swing short setup, But waiting for price to break below 148.4 low as BOJ dont want to commit to more hike yet. Even BOJ hike is very underpriced. If low broken, 137 or 133 is very likely for next swing low.

Ignored

Thank you and yes I like your point ! I positioned myself very nicely here with good stop losses so it will take a huge counter move to wipe these positions . As for BANK of Japan I can see yen strength because although they are taking a cautious approach they are still hiking while feds are full cutting so I can see this dropping later cheers

Master your mind. Master Trading.

#842,085
Oct 16, 2024 7:52am Oct 16, 2024 7:52am

Jackoboms
| Joined Jun 2023 | Status: Trader | 596 Posts

Quoting F.g

Disliked

{image} I close my long here NOW 45 pips , but I am not sure this is the correct thing to do.............. I must cover yesterday's loss from the longs....

Ignored

Wasn't a bad decision

#842,086
Oct 16, 2024 7:56am Oct 16, 2024 7:56am

palpite
Joined Sep 2015 | Status: Under Pressure | 4,596 Posts

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Together we can be strongest

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#842,087
Oct 16, 2024 8:00am Oct 16, 2024 8:00am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,051 Posts

Damn missed the action! Went out to lunch and as I do try to switch off.. missed the spike up to b/e and then boom it drops. Will keep holding tonight

Insane in the Brain..

#842,088
Oct 16, 2024 8:05am Oct 16, 2024 8:05am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting KareemAliFx

Disliked

{quote} Thank you and yes I like your point ! I positioned myself very nicely here with good stop losses so it will take a huge counter move to wipe these positions . As for BANK of Japan I can see yen strength because although they are taking a cautious approach they are still hiking while feds are full cutting so I can see this dropping later cheers

Ignored

Until Shift in market structure, any up move, is trend following system.

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Price showing rejection at RSF zone while HL HH still intact.
So 152 still in play with tomorrow Retail sales, which beats majority of the consensus.

More time in the market, does not mean you trade better!

#842,089
Oct 16, 2024 8:27am Oct 16, 2024 8:27am

JameRomeo168
| Joined Jul 2021 | Status: Trader | 487 Posts

Quoting Fardeen1209

Disliked

{quote} Until Shift in market structure, any up move, is trend following system. {image} Price showing rejection at RSF zone while HL HH still intact. So 152 still in play with tomorrow Retail sales, which beats majority of the consensus.

Ignored

Looks like ICT Bullish Propulsion Block.

With courage, patience, and discipline, success is a matter of time.

#842,090
Edited 9:09am Oct 16, 2024 8:57am | Edited 9:09am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,415 Posts

waiting retest 3012 confirmation for bottom play! take care
if works then 1st target below 2992 be 2984

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#842,091
Oct 16, 2024 9:06am Oct 16, 2024 9:06am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,051 Posts

The correction seems to be fading. Although we may have seen today’s lows not confirmed though.

Insane in the Brain..

#842,092
Oct 16, 2024 9:08am Oct 16, 2024 9:08am

Jackoboms
| Joined Jun 2023 | Status: Trader | 596 Posts

1.314 in sight

#842,093
Edited 9:34am Oct 16, 2024 9:15am | Edited 9:34am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,415 Posts

Quoting BeeTogether

Disliked

The correction seems to be fading. Although we may have seen today’s lows not confirmed though.

Ignored

still it did a maximum correction up, more than wave 1 of the leg down , last limit wa=s 3058 , done to 3037 , 43 pips vs56 pips , so may try best to double bottom to bounce , tough but may try !
again eurusd stagnant in position same 0880 , and 100 pips shakeout possible still fully intact to tank it to 0770 to 0720 to even 0601 before year end if so gu may tank more than that may 200 pips down . scare about it ! how may happen !~
0874 may confirm tanking as start soon!
broken eurusd , next sr 0781

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