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Cable Update (GBPUSD)

  • #843,901
  • Nov 1, 2024 1:12am Nov 1, 2024 1:12am
Interpretation of usdjpy inverse head and shoulders developing with a right shoulder higher than the left equals very bullish
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  • #843,902
  • Nov 1, 2024 1:14am Nov 1, 2024 1:14am
The USD/JPY fluctuated a bit at 152.5, but then broke out strongly and moved upwards, and I went long as it looked like it would head towards yesterday's recovery high.
However, there was a high possibility that the movement would fluctuate, so I set the SL wide and the lot small.
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  • #843,903
  • Nov 1, 2024 1:15am Nov 1, 2024 1:15am
Quoting Orand
Long at : 1.2967 Sl : 1.2950 TP : TBD
closed at 1.2988(+21pip)(I was greedy and dis not close at top )
----------------------
End of trade
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  • #843,904
  • Nov 1, 2024 1:17am Nov 1, 2024 1:17am
who said GU is doomed, Zebi? Please... people dont listen to this, GU is about to rebound soon nicely, its a bears trap now, dont sell it, monthly is now at SR flip, tested and its ready to fly, just my observations
People don't plan to lose. They lose because they don't plan.
  • #843,905
  • Nov 1, 2024 1:19am Nov 1, 2024 1:19am
Quoting Orand
Short at :1.2891 Sl : 1.2906(closed at: 1.29)(-9pip) Tp : TBD ‐------------------------ Add short : 1.2894 Sl : 1.2906(closed at: 1.29)(-6pip) Tp : 1.2880
Long at : 1.29
Sl : 1.2875
Tp : 1.2960
  • #843,906
  • Nov 1, 2024 1:23am Nov 1, 2024 1:23am
My trade set up for today.

NFP: Actual to be lower than forecast. due to hurricane and strike effects. Initial selloff for USD and reversal.

Initial reaction of GBP to 29400 levels and then reversal to 28000 levels.

Just trading a small amount. Risk to reward is high.
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  • #843,907
  • Nov 1, 2024 1:34am Nov 1, 2024 1:34am
Which one is the correct answer? If anyone knows, please let me know.
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  • #843,908
  • Nov 1, 2024 1:54am Nov 1, 2024 1:54am
Come on mister shorty
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yes yes yes
  • #843,909
  • Nov 1, 2024 2:11am Nov 1, 2024 2:11am
If look H4 it goes 1.29940, ideal 130260,lines didnt change,it can go there fast or very slow.Maybe lines will change,need time. Gu stays at second low line H4 now.
channel of eur goes to up h4.1.09 now.
  • #843,910
  • Nov 1, 2024 2:16am Nov 1, 2024 2:16am
Quoting Zebi
{quote} you're a little bit late to the party...the time to buy was beginning in October... after kamalas debate performance...click the chart in the quote to see how dollar reacted to trumps quote of immigrants "eating cats and dogs" ROFLMAO {quote} the transfer of power doesn't happen till jan 20th but since it will be from biden to kamala it doesn't matter when one buys... i would just keep buying dollar dips since beside political reasons TA says a test of 114 and 120 must happen for the space/time continuum to stay intact
Thanks for the explanation.
  • #843,911
  • Nov 1, 2024 2:19am Nov 1, 2024 2:19am
Quoting ChiForex
We're definitely going to 1.2690s, a break and we can look at 1.2600s and down to 1.2440s next. I'm talking monthly here. On the upside the max. that I see is 1.2960s but not definitive to reach there.
Chi, monthly pivot is 3040. This usually hits every month more than 90% of the time from my observation. It can get there before turning down to your targets or it can go for your targets and then quickly rebound to go and hit the monthly pivot. Good calls you made earlier. Cheers.
  • #843,912
  • Nov 1, 2024 2:31am Nov 1, 2024 2:31am
Bear still hungry, bear eat dancing lion...
  • #843,913
  • Nov 1, 2024 2:32am Nov 1, 2024 2:32am
Quoting sakimer
Which one is the correct answer? If anyone knows, please let me know. {image}
actually not properly view the chart and intention of the question . so i put my chart in details . here 2 limits working , previous last leg at 3007 and now last leg down 3041. one or all may respect if impulse down may maintain, not necessary though. please check the chart if get your answer ! nobody can know actually where will go or unfold in future ! thanks
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,914
  • Nov 1, 2024 2:47am Nov 1, 2024 2:47am
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yes yes yes
  • #843,915
  • Nov 1, 2024 2:59am Nov 1, 2024 2:59am
Eur H1 in up trend,i dont advise short it.This is only correction.
i think it goes up on nfp.
  • #843,916
  • Nov 1, 2024 3:02am Nov 1, 2024 3:02am
2 weeks in a trade only for it to end with hitting my SL.... GU can be a mean mistress sometimes.
  • #843,917
  • Nov 1, 2024 3:04am Nov 1, 2024 3:04am
Crooky mf
Where are the bears from yesterday?
2 evening star patterns at gu
And double top with bearish diversion at gj
Drop like yesterday mf
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yes yes yes
  • #843,918
  • Nov 1, 2024 3:09am Nov 1, 2024 3:09am
Waiting for 0844 as 1st confirmation eurusd , gbpusd may follow for 2956 perhaps
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,919
  • Nov 1, 2024 3:18am Nov 1, 2024 3:18am
Nice little scalparoonie on Cable there 2896 to 2908......bit unexpected really as Euro continuing to slide but I expect a turn around very soon.....could be wrong
Don't Leave Money on the Table
  • #843,920
  • Nov 1, 2024 3:19am Nov 1, 2024 3:19am
Quoting randu
time to find retrace... 1.2865
close here 1.2908 (near pivot today)
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