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Cable Update (GBPUSD)

  • #843,061
  • Oct 24, 2024 1:12am Oct 24, 2024 1:12am
Lots of Euro data out today
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Don't Leave Money on the Table
  • #843,062
  • Oct 24, 2024 1:29am Oct 24, 2024 1:29am
G/M, = to 30day adr bearish dly candle y/day with today's early Asian session testing and bouncing up from that lo. An early London slight 1st failed upside b/of the asian hi. Asian lo is presently the current dly lo. 1hr and 4hr, and probably dly t/f's in general downtrends, Intraday is so far bullish overall. Re calculated pivots;
Wkly S2 exceeded @ 2907 current wkly lo. Dly S1 is @/around 2887, Dly S2 @/around 2853, Wkly S3 @/around 2852, followed by Mthly S2 @/around 2838.

116% of 6mth amr traveled so far this mth.

1hr below
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Trader with an Edge.
  • #843,063
  • Oct 24, 2024 1:38am Oct 24, 2024 1:38am
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yes yes yes
  • #843,064
  • Oct 24, 2024 1:38am Oct 24, 2024 1:38am
Looks like Cable heading back to retest resistance area
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Compulsions can be hard to resist
  • #843,065
  • Oct 24, 2024 1:45am Oct 24, 2024 1:45am
Quoting hamedsna
{quote} It hurt, it hurt a lot man
Closed out at 2930.
I'm pretty sure it's going lower, but will maybe short again higher up at resistance if it goes there
Compulsions can be hard to resist
  • #843,066
  • Oct 24, 2024 1:47am Oct 24, 2024 1:47am
...price @ y/day's 2907 lo is testing deep into that prev mthly sw hi zone = pot rbs that began @ 3142. There is a 4 fib cluster to the upside @ 2946-54, then another 2961-71. The 1st dark blue zone on chart below relates to a prev minor sw lo zone = pot sbr from 19th August.

4hr below
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Trader with an Edge.
  • #843,067
  • Oct 24, 2024 1:49am Oct 24, 2024 1:49am
Good day friends and Buddies

The main interest still in adjusting position using Short set-up opportunity due to two reasons:

(1) The 4 hour trend is down
(2) Price has not touched the main Daily Support located around 1.2866/70. However, some settings shows possibility of touching Support.

Best approach for me is to wait until price touch minimum of 1.2969/70 and begin to look for short.

It's also possible price will retest the low from here before going to 1.2969/70.

At the moment, I have to be an observer until price get to the killing range.

Note however that Price is the King and anything can happen.

Have a nice pipping day
Market Structure is the King.....
  • #843,068
  • Oct 24, 2024 1:55am Oct 24, 2024 1:55am
...there is already some 30min bearish hidden div @ current dly hi which could develop further on any further upside p/back. 1hr might well develop too in same more upside scenario, ...already on my histo osc on that t/f, but not on the line osc yet. (Need it on both.)
Uk data @ 0930am Uk time. Is 2nd upside b/o of Asian hi truer?

1hr below
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Trader with an Edge.
  • #843,069
  • Oct 24, 2024 2:04am Oct 24, 2024 2:04am
Quoting Headland
...there is already some 30min bearish hidden div @ current dly hi which could develop further on any further upside p/back. 1hr might well develop too in same more upside scenario, ...already on my histo osc on that t/f but not on the line osc yet. ((Need it on both.) Uk data @ 0930am Uk time.
Yeah! but by 10:00GMT, chart settings should be obvious for all Swing Traders to see and determine a line of action.

Meanwhile, Scalpers and Traders that do take opposite direction are currently in Session racking there profits.
Market Structure is the King.....
  • #843,070
  • Oct 24, 2024 2:06am Oct 24, 2024 2:06am
Quoting HaLBot
{quote} Zebi your like a mean little dwarf mate.....always abusing people here instead of offering help and guidance if your such a great trader? The really good traders do that, they help and guide others to do better because they want to uplift people around them. When there are real mean nasty elderly people in this world I think how sad that person never took the time to change their outlook on life. Had they changed their outlook they might discover wonderful things about life they could never imagine while being a nasty...

that's rich coming from you hal
should I count and give examples of all the times you swore at me and hurled abuse all because I said kamala gona win?
short trump and go long the deepstate
  • #843,071
  • Oct 24, 2024 2:08am Oct 24, 2024 2:08am
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yes yes yes
  • #843,072
  • Oct 24, 2024 2:10am Oct 24, 2024 2:10am
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yes yes yes
  • #843,073
  • Oct 24, 2024 2:20am Oct 24, 2024 2:20am
Quoting Zebi
{quote} that's rich coming from you hal should I count and give examples of all the times you swore at me and hurled abuse all because I said kamala gona win?
Let's keep being together guys.

Forgive and Forget about the past and think of the future.

Let's stop insulting one another.

It's better to assist ourselves to succeed because Mr. A Billions doesn't stop Mr. B ..... It's a very large market and no country can ever be self sufficient, hence Forex must continue.

We all as a Trader has the same enemies as follows:

(1) Politician looting the country resources
(2) Government obnoxious policies to reduce value of currency.. printing etc.
(3) Guys engaged in regular jobs to earn salaries
And so onnnnn.....

In Unity We Stand.
Market Structure is the King.....
  • #843,074
  • Oct 24, 2024 2:29am Oct 24, 2024 2:29am
Quoting trumps
Looks like Cable heading back to retest resistance area {image}
Lets see how she rolls
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Compulsions can be hard to resist
  • #843,075
  • Oct 24, 2024 2:29am Oct 24, 2024 2:29am
Quoting Abeylyn
{quote} Let's keep being together guys. Forgive and Forget about the past and think of the future. Let's stop insulting one another. It's better to assist ourselves to succeed because Mr. A Billions doesn't stop Mr. B ..... It's a very large market and no country can ever be self sufficient, hence Forex must continue. We all as a Trader has the same enemies as follows: (1) Politician looting the country resources (2) Government obnoxious policies to reduce value of currency.. printing etc. (3) Guys engaged in regular jobs to earn salaries And so...
Nice talk
  • #843,076
  • Edited 2:50am Oct 24, 2024 2:36am | Edited 2:50am
Quoting Jackoboms
{quote} Nice talk

Hi. Absolutely, nice thoughts indeed from Abeylyn, but there are definitely frauds, egotists, and narcissists, and perhaps even sociopaths that inhabit this place. They may or may not know who they are lol, but if they are one or other of the later two - they probably won't.
-------------------------------------------------------------------------------------------------------------

...no stopping these bulls today so far. Dly R1 is in a 4 fib cluster 2969-75. Last wk's lo is 2973.

1hr below
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Trader with an Edge.
  • #843,077
  • Edited 3:33am Oct 24, 2024 2:40am | Edited 3:33am
sell limit at : 1.2970(filled)
Sl : 1.2980
Tp : 1.2950(tp hit )(+20pip)
  • #843,078
  • Oct 24, 2024 2:43am Oct 24, 2024 2:43am
Quoting Headland
{quote} Hi. Absolutely, nice thoughts indeed from Abeylyn, but there are definitely frauds, egotists, and narcissists, and perhaps even sociopaths that inhabit this place. They may or may not know who they are lol, but if they are one or other of the later two - they probably won't. ------------------------------------------------------------------------------------------------------------- ...no stopping these bills today so far. 1hr below {image}
Yeah! Perfectly aware because I was also a victim but later concluded it was due to ignorance of the fact.

That Traders are not competing primarily with one another. And there is the need to liberate few who are interested in learning.
Market Structure is the King.....
  • #843,079
  • Oct 24, 2024 2:59am Oct 24, 2024 2:59am
Quoting Abeylyn
{quote} Yeah! Perfectly aware because I was also a victim but later concluded it was due to ignorance of the fact. That Traders are not competing primarily with one another. And there is the need to liberate few who are interested in learning.
The Daily Trillion Dollar market is big enough for everyone here, so it's no competition.

We just need to tap the little or much we can.

We just here to share trading discussions, analysis whether right or wrong, and learn in the process.

No one is perfect here, we all make profits and losses.

Just good to respect other people's opinion.

Afterall, if there are no SELLers, there won't be BUYers and vice versa. So whether in losing or winning position, let's have respect as it is both positions that makes the market move both ways.

My take!
  • #843,080
  • Oct 24, 2024 3:08am Oct 24, 2024 3:08am
Quoting trumps
{quote} Lets see how she rolls {image}
Bit of shake-n-bake, or a reversal??
Compulsions can be hard to resist
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