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Cable Update (GBPUSD)

  • #842,701
  • Oct 21, 2024 5:13am Oct 21, 2024 5:13am
Quoting trumps
{quote} Scratch that, going with original plan...
I was wondering why deviation from the original.

There may be pullback which doesn't worth the stress except a scalper
Market Structure is the King.....
  • #842,702
  • Oct 21, 2024 5:13am Oct 21, 2024 5:13am
Quoting trumps
{quote} Scratch that, going with original plan...
Double post deleted
Market Structure is the King.....
  • #842,703
  • Oct 21, 2024 5:14am Oct 21, 2024 5:14am
2857 could be the overall target for shorts as that is the nearest old resistance now becomes support for this down move which is a W1 correction moving against monthly
Follow The Markets Structure - Patience and Discipline
  • #842,704
  • Oct 21, 2024 5:21am Oct 21, 2024 5:21am
Quoting Waveskierrob
{quote} Last add before the weekend BE 1.2800...
First added SHORT of the week BE now at 1.2850...
  • #842,705
  • Oct 21, 2024 5:23am Oct 21, 2024 5:23am
Quoting pipfarm
2857 could be the overall target for shorts as that is the nearest old resistance now becomes support for this down move which is a W1 correction moving against monthly
Nice one there ...
Market Structure is the King.....
  • #842,706
  • Oct 21, 2024 5:29am Oct 21, 2024 5:29am
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yes yes yes
  • #842,707
  • Oct 21, 2024 5:43am Oct 21, 2024 5:43am
...so, 1st test of the prev 30min sw lo zone = pot supp extending down to current dly lo holds, (for now @ least,) with a bounce up there as buyers come in.

1hr below
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Trader with an Edge.
  • #842,708
  • Oct 21, 2024 5:54am Oct 21, 2024 5:54am
Long 1.3015
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #842,709
  • Oct 21, 2024 5:58am Oct 21, 2024 5:58am
From the way the day has gone so far any upward move will be limited it seems. Lots more potential to go down. Looking for an entry to go short. If 13050 crosses then it might swing higher for a bit
Insane in the Brain..
  • #842,710
  • Oct 21, 2024 6:06am Oct 21, 2024 6:06am
Quoting BeeTogether
From the way the day has gone so far any upward move will be limited it seems. Lots more potential to go down. Looking for an entry to go short. If 13050 crosses then it might swing higher for a bit
Yeh, it's still bearish intraday overall right now, but that prev 30min swing lo = pot supp @ current dly lo has held on 1st test to form a slightly higher prev 30min sw lo zone, coexistent with it. Will this later one firm up into a prev 1hr sw lo zone? Time will tell.

1hr below
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Trader with an Edge.
  • #842,711
  • Oct 21, 2024 6:35am Oct 21, 2024 6:35am
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JY-E.BP. 5' --- My situation now...... Hope I did the right thing..............

Short $/JY Long E. and BP. as shown .

  • #842,712
  • Oct 21, 2024 6:56am Oct 21, 2024 6:56am
Quoting F.g
{image} JY-E.BP. 5' --- My situation now...... Hope I did the right thing.............. Short $/JY Long E. and BP. as shown .

Not the choice i would of made but good luck
Follow The Markets Structure - Patience and Discipline
  • #842,713
  • Oct 21, 2024 7:14am Oct 21, 2024 7:14am
Quoting Yngwie
Long 1.3015
closed 12p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #842,714
  • Oct 21, 2024 7:30am Oct 21, 2024 7:30am
Quoting 7154Superman
{quote} I ended up entering scalp positions on 9 different currency pairs, then went to sleep. Woke up with 5 wins and 1 loss, 3 still open. So far, so good. Opened 3 more. Back to sleep. See my Trade Explorer for details.
that's it bro perfect your edge
  • #842,715
  • Oct 21, 2024 7:35am Oct 21, 2024 7:35am
gbpusd has a support area all the way at 1.27 I believe no bounce will happen before there it already broke this support zone on the daily the pull back happen already downward move again
  • #842,716
  • Oct 21, 2024 7:39am Oct 21, 2024 7:39am
Price h1 close over 3040 be important !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,717
  • Oct 21, 2024 7:42am Oct 21, 2024 7:42am
Layering more EU buys this morning New York avg entry 1.08500
Master your mind. Master Trading.
  • #842,718
  • Oct 21, 2024 8:57am Oct 21, 2024 8:57am
13030 big resistance so far this NY session. A break above could take us to the days opening however that might be a stretch too far today. Real tight range
Insane in the Brain..
  • #842,719
  • Oct 21, 2024 9:03am Oct 21, 2024 9:03am
well gentlemen..price shud see 2980 again...that was a nice bulltrap Friday on brits retail sales

not much news till Thursday unless you count BOE bailey speaking tomorrow and Wednesday

just remember the BRICS summit and the dollar gona piss on them no matter what the news is LOL
short trump and go long the deepstate
  • #842,720
  • Oct 21, 2024 9:15am Oct 21, 2024 9:15am
Expecting 1.3030 range to break. Should see some upside from here imo.
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BeeTogether