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Cable Update (GBPUSD)

  • #842,321
  • Oct 17, 2024 10:52am Oct 17, 2024 10:52am
Just LONG. Just buy GU till 1.31
  • #842,322
  • Oct 17, 2024 10:53am Oct 17, 2024 10:53am
Quoting fontu
what a sudden jump with very positive crude oil inventories !! should loose all this gain !! by next hour ! {image}
I repeat, we going to 1.31

We should be there before end of next Tuesday or Monday
  • #842,323
  • Oct 17, 2024 10:56am Oct 17, 2024 10:56am
Quoting Jackoboms
{quote} I repeat, we going to 1.31 We should be there before end of next Tuesday or Monday
Apart from tomorrow next week is very data dry might not be that easy to get there
Insane in the Brain..
  • #842,324
  • Oct 17, 2024 10:59am Oct 17, 2024 10:59am
Quoting navk
3028 minimum target for longs
or happening just yet
Insane in the Brain..
  • #842,325
  • Oct 17, 2024 11:04am Oct 17, 2024 11:04am
Quoting Orand
{quote} Add long at : 1.2992 Sl : 1.2977(i may move sl (max 10pip) if i think it helps) TP: TBD
close both open position at : 1.3010 total :+40pip
-----------------
End of trading
---------------
Today Status : (+18,+22pip) , Total : +40pip
Today Win Ratio : 2/2 or %100)
  • #842,326
  • Oct 17, 2024 11:06am Oct 17, 2024 11:06am
UJ
Master your mind. Master Trading.
  • #842,327
  • Oct 17, 2024 11:09am Oct 17, 2024 11:09am
Quoting BeeTogether
{quote} Apart from tomorrow next week is very data dry might not be that easy to get there
We will get there bro. GU has a repeated pattern. Especially after successfully holding through such volatility.
  • #842,328
  • Edited 5:33pm Oct 17, 2024 11:12am | Edited 5:33pm
Quoting ScalaFX
{quote} good luck to us! Im building this EU for long term targeting 1.14 1.15 so will add more if necessery
I'm considering the same thing.
How much time were you expecting to wait for EUR/USD price to reach 1.14? I couldn't tell if this could happen within a month or if it would take more like 3 months?
On Friday, 3 weeks ago, I predicted that EUR/USD would drop down about 300 pips to 1.086 area within 3 weeks. I was able to see that probability because of the way price action was behaving around 1.11 and 1.12 area for 6 weeks, so I figured it could drop quickly to the daily 200 SMA area before going up again. And now as we can already see, it dropped farther and quicker than I expected. I did expect at least one decent bounce around the middle of the drop, but unfortunately, it didn't happen. So, I got caught with long positions on drawdown because it did not bounce from low 1.10 area to 1.11 like I expected it to. I was able to keep averaging down though. My break even point for longs is now at 1.09361.
I will update my Trade Explorer once I close my positions in profit.
You cannot fail if you never give up.
  • #842,329
  • Edited 11:56am Oct 17, 2024 11:39am | Edited 11:56am
Quoting Jackoboms
{quote} I repeat, we going to 1.31 We should be there before end of next Tuesday or Monday
lets go we will follow it . now checking if any pullback to bull back so soon !! if any time correct then minimum correction over 3174 need for limit test 3238 , ! hope not to clear bottom at 2903 or even lows ! anything can happen in forex but not that perhaps , and so soon !
i am not done for gbpusd today but may next day !
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,330
  • Oct 17, 2024 11:39am Oct 17, 2024 11:39am
Quoting BeeTogether
{quote} or happening just yet
the price will hit either 3028 or 2974.

The momentum is not there yet.

And has not been.

All waiting for Friday i guess
Intraday only.
  • #842,331
  • Oct 17, 2024 11:49am Oct 17, 2024 11:49am
Quoting BeeTogether
{quote} or happening just yet
3000 is current support.

But not sure it will hit 3028 today
Intraday only.
  • #842,332
  • Oct 17, 2024 11:55am Oct 17, 2024 11:55am
UJ

Scalping for few and tiny profit only, as the trend remains clearly upward, with the possibility of reaching EW3, followed by a correction in the form of an ABC for EW4.
This move is likely forming an expanding flat, so after the EW4 correction, the price could resume its upward trajectory toward EW5, targeting the 178% or 161.8% Fib levels on the higher time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: uj 002.jpg Size: 115 KB


P/S No sneak peak my chart okey....
I come from the future.
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  • #842,333
  • Oct 17, 2024 12:32pm Oct 17, 2024 12:32pm
Quoting 7154Superman
{quote} I'm considering the same thing. How much time were you expecting to wait for EUR/USD price to reach 1.14? I couldn't tell if this could happen within a month or if it would take more like 3 months? On Friday, 3 weeks ago, I predicted that EUR/USD would drop down about 300 pips to 1.086 area within 3 weeks. I was able to see that probability because of the way price action was behaving around 1.11 and 1.12 area for 6 weeks, so I figured it could drop quickly to the daily 200 SMA area before going up again. And now as we can already see, it...
2-3 months
People don't plan to lose. They lose because they don't plan.
  • #842,334
  • Oct 17, 2024 1:19pm Oct 17, 2024 1:19pm
Quoting navk
{quote} the price will hit either 3028 or 2974. The momentum is not there yet. And has not been. All waiting for Friday i guess
data in the morning if green should give it the boost it needed
Insane in the Brain..
  • #842,335
  • Edited 3:09pm Oct 17, 2024 1:20pm | Edited 3:09pm
Only 17 pips up today , sad doji day , now if close below 3000 be perfect, still can bull if having big bull candle next day ! Let's see
Attached Image (click to enlarge)
Click to Enlarge Name: download - 2024-10-17T221548.808.png Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,336
  • Oct 17, 2024 1:33pm Oct 17, 2024 1:33pm
Quoting BigNumbers
{quote} EURUSD progressing in profit {image}
73 pips booked on EURUSD
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #842,337
  • Oct 17, 2024 2:12pm Oct 17, 2024 2:12pm
Beautiful UJ pump my goodness ! Will hold for 150.650 test !
Master your mind. Master Trading.
  • #842,338
  • Oct 17, 2024 2:15pm Oct 17, 2024 2:15pm
Quoting BigNumbers
{quote} 73 pips booked on EURUSD {image}
Weldone ! Though comparative eurusd play more smooth and comfort !
Gbpusd may waiting in advance for eurusd bounce at support next , 50 more pips down and may try keep this bottom , not easy to handle though !
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,339
  • Oct 17, 2024 2:16pm Oct 17, 2024 2:16pm
I’m currently long on GBPCAD
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #842,340
  • Oct 17, 2024 3:00pm Oct 17, 2024 3:00pm
On the daily, this drop since late September, didn't "Shake - N - Bake" even a little bit.
What's that tell you?
Attached Image (click to enlarge)
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Compulsions can be hard to resist
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