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Cable Update (GBPUSD)

  • #843,001
  • Oct 23, 2024 11:25am Oct 23, 2024 11:25am
Quoting jordanvic
GU not looking good for us Bulls...
it’s catching a falling knife here
Insane in the Brain..
  • #843,002
  • Oct 23, 2024 11:31am Oct 23, 2024 11:31am
Quoting jordanvic
GU not looking good for us Bulls...
It's getting a point that some Bears will get caught up in a bullish train
  • #843,003
  • Oct 23, 2024 11:34am Oct 23, 2024 11:34am
Quoting BeeTogether
{quote} it’s catching a falling knife here
Sadly im long at 1.3 before the knife even started falling
  • #843,004
  • Oct 23, 2024 11:38am Oct 23, 2024 11:38am
Quoting BeeTogether
{quote} it’s catching a falling knife here
My buddy, hope you eventually joined the party ?

Caution at 1.2912.

Good luck
Market Structure is the King.....
  • #843,005
  • Oct 23, 2024 11:39am Oct 23, 2024 11:39am
Quoting RCtrader
C'mon my beautiful bears bring this *thing* down!
The market gives to those who are patient.
Risk Management is of utmost importance!
  • #843,006
  • Oct 23, 2024 11:40am Oct 23, 2024 11:40am
Quoting BeeTogether
{quote} maybe after 12900
1.2912 is key
Market Structure is the King.....
  • #843,007
  • Oct 23, 2024 11:53am Oct 23, 2024 11:53am
This drop is crazy especially as we are now 500 pips from the highs in September! All support levels breaking but I don’t know what is causing this. Been looking on the usual sites and apps can’t see anything to indicate why we are over 200 pips from last week and over 100 from Monday
Insane in the Brain..
  • #843,008
  • Oct 23, 2024 11:54am Oct 23, 2024 11:54am
Quoting jordanvic
{quote} Sadly im long at 1.3 before the knife even started falling
me too
Insane in the Brain..
  • #843,009
  • Oct 23, 2024 11:54am Oct 23, 2024 11:54am
Quoting Jackoboms
{quote} It's getting a point that some Bears will get caught up in a bullish train
hopefully like the bulls did at 13440
Insane in the Brain..
  • #843,010
  • Oct 23, 2024 11:59am Oct 23, 2024 11:59am
Quoting BeeTogether
This drop is crazy especially as we are now 500 pips from the highs in September! All support levels breaking but I don’t know what is causing this. Been looking on the usual sites and apps can’t see anything to indicate why we are over 200 pips from last week and over 100 from Monday
I am sad to see how this is not obvious. EU and GBP specially EU is very bearish and weak as hell compared to US. Elections are close and DOLLAR and TREASURIES are taking in huge inflows before then. Even despite markets pricing trump victory it doesn’t matter if he loses he’s just going to fight the results which will push things back further . All in all , dollar strength is no surprise right now
Master your mind. Master Trading.
  • #843,011
  • Oct 23, 2024 12:01pm Oct 23, 2024 12:01pm
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yes yes yes
  • #843,012
  • Oct 23, 2024 12:21pm Oct 23, 2024 12:21pm
Resistance becomes Support for GU 2858

This current down move has its top on the weekly 2858 is the nearest swing resistance
Follow The Markets Structure - Patience and Discipline
  • #843,013
  • Oct 23, 2024 12:33pm Oct 23, 2024 12:33pm
I love you USD
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Master your mind. Master Trading.
  • #843,014
  • Oct 23, 2024 12:36pm Oct 23, 2024 12:36pm
Quoting pipfarm
Resistance becomes Support for GU 2858 This current down move has its top on the weekly 2858 is the nearest swing resistance
Yeah! Booked up in the daily for me. But we need a fairly strong pullback before transiting to 1.2860/70.
Market Structure is the King.....
  • #843,015
  • Oct 23, 2024 12:37pm Oct 23, 2024 12:37pm
Quoting Abeylyn
{quote} 1.2912 is key
what so special about this level
  • #843,016
  • Oct 23, 2024 12:38pm Oct 23, 2024 12:38pm
Quoting Waveskierrob
{quote} This is probably my last SHORT add before hitting my BE which is now at 1.2900, hopefully get there before Xmas, but it is what it is..
So so close...
  • #843,017
  • Oct 23, 2024 12:39pm Oct 23, 2024 12:39pm
Quoting Ziemowit
{quote} what so special about this level
it’s daily support levels s1
Insane in the Brain..
  • #843,018
  • Oct 23, 2024 12:40pm Oct 23, 2024 12:40pm
Quoting Waveskierrob
{quote} So so close...
dude you do know Pat and I are on long lol
Insane in the Brain..
  • #843,019
  • Oct 23, 2024 12:43pm Oct 23, 2024 12:43pm
https://www.fxstreet.com/news/gbp-us...0-202410231453
Insane in the Brain..
  • #843,020
  • Oct 23, 2024 12:45pm Oct 23, 2024 12:45pm
[quote=BeeTogether;15038337]This drop is crazy especially as we are now 500 pips from the highs in September! All support levels breaking but I don’t know what is causing this. Been looking on the usual sites and apps can’t see anything to indicate why we are over 200 pips from last week and over 100 from Monday[/quote

It's nothing special. Purely Market Structure. Pipfarm can testify.

I don't know how to convince you to stay on a single lane and at least make entry only in the direction of 4 hour trend. Later you can trade both ways .

Entry for Short today was at 1.2990 and I added some lots. That was a pullback to around 0.618 of yesterday's high - low.

Infact, many way leads to the same equation but mindset is key .

But if you are comfortable with your strategy, it's fine by me.

I am available if my assistance is necessary.
Market Structure is the King.....
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