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Cable Update (GBPUSD)

  • #843,201
  • Oct 25, 2024 4:52am Oct 25, 2024 4:52am
The Weekly chart has bounced from fib & tline.
but has weakened to a general uptrend for mine.
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The Daily chart in classic downtrend.
has it ended?

I suppose it's the old adage the trend is your friend...
  • #843,202
  • Oct 25, 2024 5:01am Oct 25, 2024 5:01am
Quoting Cobby
The Weekly chart has bounced from fib & tline. but has weakened to a general uptrend for mine. {image} The Daily chart in classic downtrend. has it ended? I suppose it's the old adage the trend is your friend...
it’s the wick at the bottom of the drop. It’s long and possibly indicating a chance of a reversal.
Insane in the Brain..
  • #843,203
  • Oct 25, 2024 5:04am Oct 25, 2024 5:04am
Quoting BeeTogether
{quote} it’s the wick at the bottom of the drop. It’s long and possibly indicating a chance of a reversal.
needs to close first.
  • #843,204
  • Oct 25, 2024 5:08am Oct 25, 2024 5:08am
Quoting Whale
{quote} rsi maybe its not a div for your eyes though {image}
But your rsi is the same as my 2 osc's from where you would measure the div from (point 1.) Ie point 2 (current dly hi) re price @ hard right edge is not equal to or higher than point 1 so there is no bearish regular div on that either yet.
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Trader with an Edge.
  • #843,205
  • Oct 25, 2024 5:12am Oct 25, 2024 5:12am
Quoting HaLBot
{quote} Ladies and Gentlemen place your bets I'm leaning towards bullish as I believe bulls want to see 1.3000 and bears like a higher price to sell from
It's Friday, why not... I'll see your bullish bet, and raise you a bearish move from here to 50, then maybe all the way to 00 before the weekend... fun times! Best of luck ,
Emotional Control. Process, not outcome.
  • #843,206
  • Oct 25, 2024 5:20am Oct 25, 2024 5:20am
Quoting Headland
{quote} But your rsi is the same as my 2 osc's from where you would measure the div from (point 1.) Ie point 2 (current dly hi) re price @ hard right edge is not equal to or higher than point 1 so there is no bearish regular div on that either yet. {image}
He is talking about this.
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  • #843,207
  • Oct 25, 2024 5:25am Oct 25, 2024 5:25am
Quoting Eagle-Eye
{quote} He is talking about this. {image}
Hi. Well in his original post reply to mine (below) Whale was talking about bearish regular div not the bullish hidden div that you point out re his rsi. I do not have that bullish hidden div that you highlight on your chart, on my osc's, on that 1hr t/f, hence I didn't mention it in my post.

Quoting Whale
{quote} h1 also bearish regular div
Trader with an Edge.
  • #843,208
  • Oct 25, 2024 5:30am Oct 25, 2024 5:30am
Quoting Konichiwhaat
{quote} It's Friday, why not... I'll see your bullish bet, and raise you a bearish move from here to 50, then maybe all the way to 00 before the weekend... fun times! Best of luck ,

Nice one Konichi

If this data is US positive in 2 hours we'll definitely see 1.2950 and below unless we get the spike down and then bought
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Don't Leave Money on the Table
  • #843,209
  • Oct 25, 2024 5:35am Oct 25, 2024 5:35am
Quoting HaLBot
{quote} Nice one Konichi If this data is US positive in 2 hours we'll definitely see 1.2950 and below unless we get the spike down and then bought {image}
I have no idea, data can behave strange. But I have a confession to make... I was always going to take this trade. I had a sell limit set at 80 and a sell stop set at 50, just had to see which one would trigger first before cancelling the other. Price has been between them all day. But the timing was perfect to reply to your fun post, and why not have a little fun!
Emotional Control. Process, not outcome.
  • #843,210
  • Oct 25, 2024 5:42am Oct 25, 2024 5:42am
...so the upside Asian hi b/o remains true for now, but bulls are 'making a meal' of getting upside thu this prev 1hr/minor 4hr sw hi zone = pot res that extends up to y/day's 2888 hi. That 2999-3010 5 x fibs/Dly R1 (@/around 3007) cluster is above here. 2 x fibs before this @ 2889/90. Dly R2 is @/around 3037.
28pip range all day so far.
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Trader with an Edge.
  • #843,211
  • Oct 25, 2024 5:45am Oct 25, 2024 5:45am
Price needs to break last 2 Days to complete full breakout
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yes yes yes
  • #843,212
  • Oct 25, 2024 5:57am Oct 25, 2024 5:57am
1.2866 - current Y_hl2
>1.3148 - upper quarter
Interesting that, if current swing will have a low @1.2866, 1.3148 will be midpoint of that swing
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Air force
  • #843,213
  • Oct 25, 2024 6:11am Oct 25, 2024 6:11am
Sold 1.2988
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #843,214
  • Oct 25, 2024 6:25am Oct 25, 2024 6:25am
all a bit quiet on the cable front, one hour left till any data that may wake it up..
Insane in the Brain..
  • #843,215
  • Oct 25, 2024 6:27am Oct 25, 2024 6:27am
Quoting BeeTogether
all a bit quiet on the cable front, one hour left till any data that may wake it up..
it broke the high expecting a move down towards 1.285 area for the bulls movment to continue towards previous daily highs
  • #843,216
  • Oct 25, 2024 6:39am Oct 25, 2024 6:39am
Long 2888. TP 50 pips at least.
  • #843,217
  • Oct 25, 2024 6:55am Oct 25, 2024 6:55am
Quoting Mitiblotch
Long 2888. TP 50 pips at least.
TP 13030?
Insane in the Brain..
  • #843,218
  • Oct 25, 2024 6:59am Oct 25, 2024 6:59am
Quoting BeeTogether
{quote} TP 13030?
Yes. Around that area. But will jump out if I see any shenanigans. Been trading gold and making good profit there. I don't need GU's drama.
  • #843,219
  • Oct 25, 2024 7:06am Oct 25, 2024 7:06am
Quoting Mitiblotch
{quote} Yes. Around that area. But will jump out if I see any shenanigans. Been trading gold and making good profit there. I don't need GU's drama.
GU is a pain.. but as one of the pairs I have invested time in it seems logical I stick with it. Gold on the other hand seems more stable
Insane in the Brain..
  • #843,220
  • Oct 25, 2024 7:10am Oct 25, 2024 7:10am
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Long as shown........... SL @29 74 fttb............ Might see 30. 15-30. 20 but I am not sure........ We ll know very soon........

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