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Cable Update (GBPUSD)

  • #842,101
  • Oct 16, 2024 10:02am Oct 16, 2024 10:02am
Quoting Fardeen1209
{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.
you’re right! I’m out and broke even! Nice call
Master your mind. Master Trading.
  • #842,102
  • Oct 16, 2024 10:22am Oct 16, 2024 10:22am
may take rest of the day to get the target today , if so then close around bottom for next day play to further down! lets see
so 3001 breaks and will be one good intention for bear , even close below be much better and in doing so now previous lowly likely test !
so go down 2992 will start think close all for the day!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,103
  • Oct 16, 2024 10:29am Oct 16, 2024 10:29am
...back @ desk updating charts. pullback from current dly lo continued up to a 4 fib cluster 3033-43 @ bottom of that prev 1hr/4hr/v.minor dly sw lo zone = pot sbr that starts @ y/day's 3035 lo, where the 15min bearish hidden div kicked in and more sell the rally participants did just that, after the failed 5min bearish hidden div that saw some pips gain before a further move up, lower down.

1hr in a general downtrend now, 4hr the same,? -and/or- was this just a downside b/o of the previous rangy conditions on that higher t/f (albeit a bearish biased range overall,) a p/back to it, and a 2nd (truer?) downside b/o?

1hr below
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Trader with an Edge.
  • #842,104
  • Oct 16, 2024 10:33am Oct 16, 2024 10:33am
Quoting KareemAliFx
{quote} you’re right! I’m out and broke even! Nice call
'Right' isnt something we should say in this industry.
Todays i'm on the winning side tomorrow i can be on the losing side.
Our money management is what differentiate traders.
Cut losers short, let winners run.
More time in the market, does not mean you trade better!
  • #842,105
  • Oct 16, 2024 10:37am Oct 16, 2024 10:37am
Quoting Fardeen1209
{quote} 'Right' isnt something we should say in this industry. Todays i'm on the winning side tomorrow i can be on the losing side. Our money management is what differentiate traders. Cut losers short, let winners run.
wise words fardeen and absolutely right I’m still up , cut my losses and actually reverting to a buy although bigger stop since I’m late, cheers man I wish you pips !
Master your mind. Master Trading.
  • #842,106
  • Edited 10:52am Oct 16, 2024 10:40am | Edited 10:52am
Maybe I need to wait until the daily candle to close to looking for setup as right now market is in extremely important zone with 1.30 is decided where to go next. Volatility has been injected, so there is no way market will be in another ranging condition. Thursday yes, a good to look for opportunity to trade and hold.
With courage, patience, and discipline, success is a matter of time.
  • #842,107
  • Oct 16, 2024 11:05am Oct 16, 2024 11:05am
Quoting JameRomeo168
{quote} Looks like ICT Bullish Propulsion Block.
Thanks for pointing this out. I didnt know we have this in ICT content.
For me, as you can see in my post consist of Fundamental Analysis as well as Technical analysis.
And for TA, the setup was based on support and resistance, market structure and the supporting tool is elliot wave and fibonacci application.
More time in the market, does not mean you trade better!
  • #842,108
  • Oct 16, 2024 11:07am Oct 16, 2024 11:07am
130 is the bouncing baby today. Holding my long at 13035 will be looking for a move to 13070 tomorrow but there is a data tomorrow which could fuck things up again
Insane in the Brain..
  • #842,109
  • Oct 16, 2024 11:13am Oct 16, 2024 11:13am
Quoting Konichiwhaat
Beautiful rolling motion. A lower high forming? If we return to 3050, 3020 and 3000 are in play
It must be hard being you guys (scalpers). Did you see the daily bear close? Did you see the GBP news on the horizon? don't fight the flow man!
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Emotional Control. Process, not outcome.
  • #842,110
  • Oct 16, 2024 11:15am Oct 16, 2024 11:15am
Short only ( do not like trading from 5 minute but seemed ideal)

Labels on chart moved but you can see there was an abc correction then a break down of B low then the old resistance retest and then price trends down, ideal entry would of been on the retest after the break down but i missed it.


Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #842,111
  • Oct 16, 2024 11:22am Oct 16, 2024 11:22am
Quoting Fardeen1209
{quote} Thanks for pointing this out. I didnt know we have this in ICT content. For me, as you can see in my post consist of Fundamental Analysis as well as Technical analysis. And for TA, the setup was based on support and resistance, market structure and the supporting tool is elliot wave and fibonacci application.
Propulsion Block is my favorite entry confirmation since it has high win rate. But due to its nature like a rare gem, I have hard time to find it. Most of the time I rely on on Market Structure like BOS, ChoCH or Inducement. So Propulsion Block is just a bonus from market if I am lucky enough to found it.
With courage, patience, and discipline, success is a matter of time.
  • #842,112
  • Oct 16, 2024 11:45am Oct 16, 2024 11:45am
more and more im becoming better trader more and more im deviating from the 90% of traders my entries are different most times we are on the opposite ends of the coin hmm i guess the is where the true test begins......
  • #842,113
  • Oct 16, 2024 12:12pm Oct 16, 2024 12:12pm
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yes yes yes
  • #842,114
  • Oct 16, 2024 12:16pm Oct 16, 2024 12:16pm
Quoting Godspromise
more and more im becoming better trader more and more im deviating from the 90% of traders my entries are different most times we are on the opposite ends of the coin hmm i guess the is where the true test begins......
Next one is when u stop comparing your view with the others one and just focus completely to focus the more close u can at 100% on your constant profitability to enhance your life. there will be always someoneagainst you or with you in the market at every price, in every asset.
chaos is just unknown order
  • #842,115
  • Oct 16, 2024 12:53pm Oct 16, 2024 12:53pm
anyway close just below 2992 at last, as good bounce and price avoided test previous low and bear continuation , may more days to play arounds while eurusd bear continues very smooth! lets see if gbpusd breakout upside next day to try hold this previous low for longer times !
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,116
  • Oct 16, 2024 12:56pm Oct 16, 2024 12:56pm
Quoting fontu
anyway close just below 2992 at last, as good bounce and price avoided test previous low and bear continuation , may more days to play arounds while eurusd bear continues very smooth! lets see if gbpusd breakout upside next day to try hold this previous low for longer times ! {image}
APAC might break the lows unless it’s a corrective retrace tomorrow. If that’s the case then US data at 1.30 UK time could be a trigger to retest todays lows
Insane in the Brain..
  • #842,117
  • Oct 16, 2024 1:33pm Oct 16, 2024 1:33pm
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E. and BP. 5' --- Longed here now in both.

  • #842,118
  • Oct 16, 2024 1:38pm Oct 16, 2024 1:38pm
Quoting BigNumbers
eurusd short {image}

EURUSD progressing in profit
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My telegram: https://t.me/avidforex
  • #842,119
  • Edited 2:16pm Oct 16, 2024 1:46pm | Edited 2:16pm
Quoting BeeTogether
{quote} APAC might break the lows unless it’s a corrective retrace tomorrow. If that’s the case then US data at 1.30 UK time could be a trigger to retest todays lows
After my close it testing the low as may little bear to fakeout and may try close at the low to bounce try next day !
Eurusd also playing in such a way that the most probable be ext leg is up or correction .let's see what happen next day ! Both suggestive correction possible try next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,120
  • Oct 16, 2024 2:01pm Oct 16, 2024 2:01pm
Quoting fontu
{quote} After my close it testing the low as may little bear to fakeout and may try close at the low to bounce try next day ! Eurusd also playing in such a way that the most probable leg is up to or correction .let's see what happen next day ! Both suggestive correction possible try next ! {image} {image}
13030 could be the max tomorrow.. if US data is good then it will dump. Can’t advise to enter a sell from
here though if anything it’s too close to the days bottom.
Insane in the Brain..
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