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Cable Update (GBPUSD)

  • #843,841
  • Oct 31, 2024 10:25am Oct 31, 2024 10:25am
Quoting T721
{quote} howz your trading been
Frustrating. Getting caught by not properly timing my trades. Mostly trade EURO/USD till i have a proper handle.
  • #843,842
  • Oct 31, 2024 10:25am Oct 31, 2024 10:25am
Quoting T721
{quote} stopped posting charts some time ago now... just doing my own thing
dude good to have you back! Don’t keep disappearing. Miss your posts
Insane in the Brain..
  • #843,843
  • Oct 31, 2024 10:29am Oct 31, 2024 10:29am
Quoting vinesh1
{quote} Frustrating. Getting caught by not properly timing my trades. Mostly trade EURO/USD till i have a proper handle.
imo you need to diversify a bit.. g/cad short today was a relatively easy 150pips also natgas was quite clean short action
  • #843,844
  • Oct 31, 2024 10:29am Oct 31, 2024 10:29am
It looks like a bouncing between. 12850-12870 area for the rest of the day. Can’t see 129 today. Looking for another drop maybe after NFP.
Insane in the Brain..
  • #843,845
  • Oct 31, 2024 10:30am Oct 31, 2024 10:30am
Fall is over IMHO
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Contrarian
  • #843,846
  • Oct 31, 2024 10:33am Oct 31, 2024 10:33am
Quoting T721
{quote} imo you need to diversify a bit.. g/cad short today was a relatively easy 150pips also natgas was quite clean short action
Yes agree but I don't want to right now till i get a proper handle on timing and proper strategy. Supply and Demand strategy is working but can't get the timing right. Of course still using your liquidity strategy as well but that too I am finding frustrating.
  • #843,847
  • Oct 31, 2024 10:38am Oct 31, 2024 10:38am
EUR at the top of H4.Gu at the bottom H4.This is problem.
  • #843,848
  • Oct 31, 2024 10:42am Oct 31, 2024 10:42am
Quoting Palambir
Fall is over IMHO {image}
hard to say. If NFP is green then no the fall isn’t over
Insane in the Brain..
  • #843,849
  • Oct 31, 2024 10:52am Oct 31, 2024 10:52am
Quoting viktoriaxz
EUR at the top of H4.Gu at the bottom H4.This is problem.
Exactly. And if EU crashes GU will dump to abyss. I was worried about the dissonance since yesterday.
  • #843,850
  • Oct 31, 2024 11:05am Oct 31, 2024 11:05am
Don't follow the ...
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...follow the bear...
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  • #843,851
  • Edited 12:03pm Oct 31, 2024 11:05am | Edited 12:03pm
Long at 1.2864
SL : 1.2848
Tp : TBD(closed at 1.2883)(+19pip)
  • #843,852
  • Oct 31, 2024 11:27am Oct 31, 2024 11:27am
Watching if 2890 / 2900 breaks today ! If success breaks out 2885!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,853
  • Oct 31, 2024 11:35am Oct 31, 2024 11:35am
The bounce now would be small IMO.

I expect a restest of lows in Asia for proper bounce
Intraday only.
  • #843,854
  • Oct 31, 2024 11:43am Oct 31, 2024 11:43am
Quoting trumps
{quote} Nice drop {image}
Compulsions can be hard to resist
  • #843,855
  • Oct 31, 2024 12:02pm Oct 31, 2024 12:02pm
Quoting ChiForex
{quote} A break of 1.3140s can be followed by a fall toward 1.2830s and 1.2670s for this month for GU. For EU, a break of 1.1030s will make it fall to 1.0850-70s, and there further weakness can target 1.0540s the ultimate goal for bears. ***I don't see any upside movement. Watch out all
This was at month start, and now we're at month end, we'll initially reach the 1.26 but will update you..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #843,856
  • Oct 31, 2024 12:04pm Oct 31, 2024 12:04pm
Quoting bigiivan
{quote} Leon, Please, allow me to open a buy trade First buy GBP\USD at 1,3077. No SL and TP.
Second buy GBP/USD at 1,2880.
No SL and TP.
  • #843,857
  • Oct 31, 2024 12:29pm Oct 31, 2024 12:29pm
It's interesting that during today's move, the $ didn't move much towards resistance (or break resistance).

So it's interesting to see where Cable is sitting right now.
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Compulsions can be hard to resist
  • #843,858
  • Oct 31, 2024 1:11pm Oct 31, 2024 1:11pm
Quoting F.g
{image} Η. --- Why do you think this thingy would stop before 1.28 50. . . . ? Just saying...............
I am satisfied with this move.....
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Longed as shown... SL makes this trade risk-free.....

  • #843,859
  • Oct 31, 2024 1:32pm Oct 31, 2024 1:32pm
Slowly climbing up.

not sure about how far up it will go 12930 is the max the former support area. NFP tomorrow will feed into it though
Insane in the Brain..
  • #843,860
  • Oct 31, 2024 1:33pm Oct 31, 2024 1:33pm
decent bounce in the end....i think price will reach that line sometime in asia or london but I'm not gonna hold for that long...my TP is 2900

NFP will prolly be the death of both GU and EU tomoro

normally id start shorting at that red line but since Friday got serious data release i wont and ill short the upward spike tomoro
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short trump and go long the deepstate
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