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Cable Update (GBPUSD)

  • #843,081
  • Oct 24, 2024 3:08am Oct 24, 2024 3:08am
Impressive move up from the lows we saw yesterday. For me it’s still bearish and this is merely a correction which unless the data today say elsewhere should top around 130 ish

if we do break Fridays closing then for me that an opportunity to go long
Insane in the Brain..
  • #843,082
  • Oct 24, 2024 3:23am Oct 24, 2024 3:23am
Quoting Headland
...no stopping these bulls today so far. Dly R1 is in a 4 fib cluster 2969-75. Last wk's lo is 2973.
Price is in that 4 fib and Dly R1 cluster @ the current dly hi - which is just 1pip short of last wk's lo. To the upside of that; 2999-3010 is a 5 fib cluster, and 3028-33 is a 2 fibs and Dly R2 cluster. 73% of 30day adr traveled so far today.
Trader with an Edge.
  • #843,083
  • Oct 24, 2024 3:30am Oct 24, 2024 3:30am
GBP/USD: It is still falling on the 1-hour chart, but has reversed to an uptrend on the Tokyo 15-minute chart. I took profits on my short position in NY and placed a new long position. It's a big rise and I'm making a profit, but I don't know how NY will move.
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  • #843,084
  • Edited 3:42am Oct 24, 2024 3:32am | Edited 3:42am
Quoting Jackoboms
{quote} 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!...
The cloak of anonymity can definitely change some people's behavior online, and that may be the case with certain posters here? Also, there are some that are so patently envious and/or angry (which probably pervades into their off-line 'actual' lives,) judging from their postings, and their need to be seen to be right seems to be paramount to them. Whatever the case though, these types tend to 'blow themselves out' - which is a corollary of their personality types/disorders.
Trader with an Edge.
  • #843,085
  • Oct 24, 2024 3:32am Oct 24, 2024 3:32am
Uk data is a miss, could see a move back down again
Insane in the Brain..
  • #843,086
  • Oct 24, 2024 3:36am Oct 24, 2024 3:36am
Quoting BeeTogether
Uk data is a miss, could see a move back down again
It appears that MM are very sensitive to economic data as of late. We have experienced crazy moves on eurusd earlier this morning.
Risk Management is of utmost importance!
  • #843,087
  • Oct 24, 2024 3:39am Oct 24, 2024 3:39am
Quoting Orand
sell limit at : 1.2970(filled) Sl : 1.2980 Tp : 1.2950(tp hit )(+20pip)
(tp hit )
----------------
End of Trading on GU
---------------
Today Status : (20,26pip) , Total : +46pip
Today Win Ratio : 2/2 or %100
Max Drawdown : 0
Max profit : +46
  • #843,088
  • Oct 24, 2024 3:41am Oct 24, 2024 3:41am
Quoting Orand
{quote} (tp hit ) ---------------- End of Trading on GU --------------- Today Status : (20,26pip) , Total : +46pip Today Win Ratio : 2/2 or %100 Max Drawdown : 0 Max profit : +46
Hi. Well done. Brave hold on the 2nd trade, - the short, thru the Uk data. I exited it just before, I never hold thru potentially market-moving data unless stop @ B/e or better.
Trader with an Edge.
  • #843,089
  • Oct 24, 2024 3:48am Oct 24, 2024 3:48am
Quoting Headland
{quote} Hi. Well done. Brave hold on the 2nd trade, - the short, thru the Uk data. I exited it just before, I never hold thru potentially market-moving data unless stop @ B/e or better.
what you are doing is much better practice by large in the long run , thank you for sharing your opinion about my trade .
  • #843,090
  • Oct 24, 2024 3:55am Oct 24, 2024 3:55am
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?

See there you go again mate......you are the one who started all the fighting with everyone here, I'm just giving some of it back because you talk bullshit about Harris winning anything. She a globalist puppet who never got a single democratic vote to be the nominee and it's hilarious you call Trump a fascist. As I've said before everytime you post you bang on about politics like a scratched record and it's tedious.
But aside from that you continually put other traders down here Zebi, your forever saying 95% of traders are idiots.
If your so great as a forex trader then how about teaching and guiding some traders who could use the knowledge of a gun trader.
If you are a gun trader
Don't Leave Money on the Table
  • #843,091
  • Oct 24, 2024 4:17am Oct 24, 2024 4:17am
...so, Asian lo/current dly lo was a 1st test of the prev 1hr/4hr sw lo zone = prev supp x 1 now = pot supp that extends down to y/day's lo, (which is also current wkly, mthly, and downtrends lo,) and the upside Asian hi b/o remains true so far. The potential for 1hr bearish hidden div that that I mentioned earlier has now developed on both my osc's on that t/f, and may stay good on any more upside, so long as price stays below y/day's 2995 hi. Price has already given back over 61.8% of y/day's hi-lo move. 76.4% of that move is in that 4 fib/Dly R1/Last wk's lo cluster 2969-75 @ 2974.

1hr below
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Trader with an Edge.
  • #843,092
  • Oct 24, 2024 4:43am Oct 24, 2024 4:43am
come on you crooky false break mf
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yes yes yes
  • #843,093
  • Oct 24, 2024 4:55am Oct 24, 2024 4:55am
Bulls taking a breather. The former support now a resistance area at 12070. If not break 12990 and 13010
Insane in the Brain..
  • #843,094
  • Oct 24, 2024 5:16am Oct 24, 2024 5:16am
Waiting retest limit / signal both eurusd and gbpusd 0811 and 2973 respectively for next target bounce 0822 anf 3018 !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,095
  • Oct 24, 2024 5:27am Oct 24, 2024 5:27am
Quoting fontu
Waiting retest limit / signal both eurusd and gbpusd 0811 and 2973 respectively for next target bounce 0822 anf 3018 ! {image} {image}
its gonna be a tough grind up. So many resistance levels on the way. We also have US data which if green will put any charge up by the bulls to a crashing halt
Insane in the Brain..
  • #843,096
  • Oct 24, 2024 5:34am Oct 24, 2024 5:34am
Quoting BeeTogether
{quote} its gonna be a tough grind up. So many resistance levels on the way. We also have US data which if green will put any charge up by the bulls to a crashing halt
Yeah , so not big target , only going smaller step by step !
Now signal retest and breaks to see and though they are not targets now ! As once tested and correct a little too.
Gbpusd breaks limit , so next target 2989 and 95, where 2995 will be 1 st signal for bounce .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,097
  • Oct 24, 2024 6:07am Oct 24, 2024 6:07am
i am preaty sure it will doubled bottom
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new strategy
at bullish trend enter long at pink color
at bearish trend enter short at light green color
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yes yes yes
  • #843,098
  • Oct 24, 2024 6:18am Oct 24, 2024 6:18am
Quoting Waveskierrob
{quote} 1.2900 go on my babble...{image}
Added SHORT BE now at 1.2950....
  • #843,099
  • Oct 24, 2024 6:30am Oct 24, 2024 6:30am
GBPUSD on the way up.

Even the red news for GBP are bad, GU still climbs.

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  • #843,100
  • Oct 24, 2024 6:33am Oct 24, 2024 6:33am
Just open buy.
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