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New Cable Thread & Other Pairs

  • #10,481
  • Oct 24, 2024 4:17am Oct 24, 2024 4:17am
Quoting GOR
{quote} I expect the dollar lower but I guess the pivots can work, and if not then at the next resistance,
Shorting is still an option, the week isn't yet over. We've got more news later!
Looking for profitable short term trades ...|
  • #10,482
  • Oct 24, 2024 4:23am Oct 24, 2024 4:23am
Quoting GOR
{quote} I expect the dollar lower but I guess the pivots can work, and if not then at the next resistance,
dollar lower because....?
Its all just one persons opinion
  • #10,483
  • Oct 24, 2024 4:47am Oct 24, 2024 4:47am
GBPUSD H1

The well known downward megaphone pattern.

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Its all just one persons opinion
  • #10,484
  • Oct 24, 2024 4:55am Oct 24, 2024 4:55am
Quoting axecap
{quote} dollar lower because....?
I'd like to see a test of major KLs like 104200 area, but 104250 is pretty close too, at the moment it looks like GU is trying to take it down, but EU pivots are holding,
,
'In the clearing stands a boxer And a fighter by his trade..'
  • #10,485
  • Oct 24, 2024 4:59am Oct 24, 2024 4:59am
Quoting axecap
Bought some gold at 2716. will look to buy more if it goes lower. {image}
Gold at 618 of the down move. 2739.13. lets see what happens
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Its all just one persons opinion
  • #10,486
  • Oct 24, 2024 5:06am Oct 24, 2024 5:06am
Quoting axecap
{quote} Gold at 618 of the down move. 2739.13. lets see what happens {image}
As expected 2738, the big dilemma, I would take 75% and let the rest run, but I know you have patience,
'In the clearing stands a boxer And a fighter by his trade..'
  • #10,487
  • Oct 24, 2024 10:42am Oct 24, 2024 10:42am
EURUSD has been unable to break above the 1.0811 resistance level, and if it continues to fail to do so, it could fall below the 1.0788 and 1.0770/60 support levels, potentially reaching the 1.0745/50 area. However, if it manages to rise strongly above 1.0811, the next level I expect it to reach is the 1.0838 resistance level. That's all for today; see you again tomorrow. Have a great rest of the day!
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Looking for profitable short term trades ...|
  • #10,488
  • Oct 24, 2024 11:41am Oct 24, 2024 11:41am
Inserted Video
  • #10,489
  • Oct 24, 2024 4:05pm Oct 24, 2024 4:05pm
Quoting GOR
{quote} As expected 2738, the big dilemma, I would take 75% and let the rest run, but I know you have patience,
I think you "overcredited" me with patience.....ended closing it all 2735.7 ish....
Its all just one persons opinion
  • #10,490
  • Oct 24, 2024 7:03pm Oct 24, 2024 7:03pm
GBPUSD daily...
fits with where Dixie is and election uncertainty.

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Its all just one persons opinion
  • #10,491
  • Oct 24, 2024 10:28pm Oct 24, 2024 10:28pm
Quoting axecap
{quote} Gold at 618 of the down move. 2739.13. lets see what happens {image}
In my lesson with Mr P yesterday this level at 2740 was very clear on H4 for gold with head and shoulders.

Nice buy in at 2716. On Wednesday I was awake when gold went from 2718 to 2709 . before its way back up to yesterdays 2740 area.
I noticed from 2718 to 2709 how the price speed up alot and the bar was shaking. and it went down rapidly then stopped at 2709. Its a nice behaviour.
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  • #10,492
  • Oct 24, 2024 10:36pm Oct 24, 2024 10:36pm
EURUSD pair advanced above the 1.0811 level and approached the resistance zone. If it fails to break below the 1.0761 low, we could see more consolidation and a potential rise towards the 1.0880 zone (as shown in the chart). Today is Friday, so we may see some profit-taking activity.

Green pips!

Daily volatility (range) 64 pips

Option expiries for Friday: 1.0800 (EU1.06b), 1.0820 (EU1.03b), 1.0885 (EU704.2m) Source: financialjuice.com

Significant news - US Durable Goods & University Michigan Sentiment Final

1 hour
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Looking for profitable short term trades ...|
  • #10,493
  • Oct 24, 2024 11:05pm Oct 24, 2024 11:05pm
Quoting ianlikesgolf
{quote} In my lesson with Mr P yesterday this level at 2740 was very clear on H4 for gold with head and shoulders. Nice buy in at 2716. On Wednesday I was awake when gold went from 2718 to 2709 . before its way back up to yesterdays 2740 area. I noticed from 2718 to 2709 how the price speed up alot and the bar was shaking. and it went down rapidly then stopped at 2709. Its a nice behaviour. {image}
Good to hear you are getting value from Pedro. Im now short from 2730.81....small numbers not overly confident and wont leave open over the weekend but may add if we get some momentum down. Being cautious at the moment.

Its all just one persons opinion
  • #10,494
  • Edited 11:34pm Oct 24, 2024 11:09pm | Edited 11:34pm
For gold I made a 30 pip range bar chart. my idea ( I think its 30 , from 2716 to 2719 for example)
I have been learning about thrust bars.
I found this video. I like to learn more about them generally.
Then I was looking on my chart for them more.



Inserted Video
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  • #10,495
  • Oct 24, 2024 11:23pm Oct 24, 2024 11:23pm
Quoting ianlikesgolf
For gold I made a 30 pip range bar chart. my idea ( I think its 30 , from 2716 to 2719 for example) I have been learning about thrust bars after ........ I found this video. I like to learn more about them generally. Then I was looking on my chart for them more. https://youtu.be/xoJfky4Fji8?si=s_yUa5lSSYcAfHrA&t=333 {image}
thanks will have a look
Its all just one persons opinion
  • #10,496
  • Oct 24, 2024 11:26pm Oct 24, 2024 11:26pm
race moving back again....in line with dxy retrace......makes you wonder whose running what.

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  • #10,497
  • Oct 24, 2024 11:46pm Oct 24, 2024 11:46pm
Looks like a divergence between GBP and EUR on H1. GBP still looks bearish, EUR looks ready to head north.
Still holding shorts, (closing and re-entering daily) on NZDUSD.
.58737 final Target. Trump win will straight line it, but I think ultimately will get there anyway .... via a more scenic route
Its all just one persons opinion
  • #10,498
  • Edited 12:25am Oct 25, 2024 12:06am | Edited 12:25am
Quoting ianlikesgolf
{quote} EU still on track to the 3 month , this quarter lows area at 107.66 and 107.11 after busting through this quarters mid at 110.19 {image}
I think EU is done and dusted.
It hit 107.61 this week. I was not looking as was into gold intensely.
But the quarter lows area held up well at 107.66 and Eu seems to be behaving differently since then.
And EU is trading just above its 5 x daily mid at 108.19 which can be intrepreted as bullish with HPFZ analysis.
It may be a nice place here to buy in a little late. worth a try.
EU likes 40, 80 and 140 pip ranges.
This 40 pip range bar chart shows the bottom, not many bars though , I have not had it opened before.
There is a 140 pip range bar that if EU did go down again, then 107.60 is where it wil be completed.
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  • #10,499
  • Oct 25, 2024 12:25am Oct 25, 2024 12:25am
Quoting ianlikesgolf
{quote} I think EU is done and dusted. It hit 107.61 this week. I was not looking as was into gold intensely. But the quarter lows area held up well at 107.66 and Eu seems to be behaving differently since then. And EU is trading just above its 5 x daily mid at 108.19 which can be intrepreted as bullish with HPFZ analysis. It may be a nice place here to buy in a little late. worth a try. EU likes 40, 80 and 140 pip ranges. This 40 pip range bar chart shows the bottom, not many bars though , I have not had it opened before. There is a 140 pip range...

Yea i had 107.42..seemed starnge to me it didnt get there. But agree it is behaving differntly
Its all just one persons opinion
  • #10,500
  • Oct 25, 2024 12:28am Oct 25, 2024 12:28am
Quoting ianlikesgolf
{quote} I think EU is done and dusted. It hit 107.61 this week. I was not looking as was into gold intensely. {image} {image}
Have you got gold going down from here?
Its all just one persons opinion
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