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Cable Update (GBPUSD)

  • #843,921
  • Nov 1, 2024 3:21am Nov 1, 2024 3:21am
Quoting randu
{quote} close here 1.2908 (near pivot today)
will find next around 4hr (NFP news)
  • #843,922
  • Nov 1, 2024 3:26am Nov 1, 2024 3:26am
Quoting Konichiwhaat
Long entered here for potential long term swing. Will be looking for shorts for day trades today
SL to BE on the long trade (I smell a rat). Shorts yet to trigger
Emotional Control. Process, not outcome.
  • #843,923
  • Nov 1, 2024 3:27am Nov 1, 2024 3:27am
If you are new in FF and confused


the purpose of ff is to share idea and have fun, nobody here is 100% sure of the price destination, we are just a 50/50 coin toss trader .
MY OPINION NOT FINANCIAL ADVISE
  • #843,924
  • Nov 1, 2024 3:31am Nov 1, 2024 3:31am
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yes yes yes
  • #843,925
  • Nov 1, 2024 3:34am Nov 1, 2024 3:34am
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  • #843,926
  • Nov 1, 2024 3:36am Nov 1, 2024 3:36am
UJ Long GU Short Relaunch
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  • #843,927
  • Nov 1, 2024 3:41am Nov 1, 2024 3:41am
Gone short at 129 the bulls are still licking wounds. There is some data in less than an hour which if red will help the pair move to 12850 area
Insane in the Brain..
  • #843,928
  • Nov 1, 2024 3:42am Nov 1, 2024 3:42am
Quoting Konichiwhaat
{quote} SL to BE on the long trade (I smell a rat). Shorts yet to trigger
BE on the long. Shorts triggered at 2900
Emotional Control. Process, not outcome.
  • #843,929
  • Nov 1, 2024 3:58am Nov 1, 2024 3:58am
Bears approaching on EURGBP monthly chart (good for cable when it kicks in) Swissy messing with the PA atm
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  • #843,930
  • Edited 5:20am Nov 1, 2024 4:00am | Edited 5:20am
Gbpusd breaks 3007 limit and so should stay to to next limit 3041 or as far possible! Now pa . Watching
Next breaks and hold 2900 and 2888 will be most important level to care , breaks and hold need to avoid fake breaks !
Eurusd want close at 0851 to wait for news , bounce and back possible !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,931
  • Nov 1, 2024 4:18am Nov 1, 2024 4:18am
NFP is forecasted to be much lower than last month. Now if this is green the doors to 128-12750 open. If it is even lower than the forecast then 130-13030 is back on the cards
Insane in the Brain..
  • #843,932
  • Nov 1, 2024 4:20am Nov 1, 2024 4:20am
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  • #843,933
  • Nov 1, 2024 4:39am Nov 1, 2024 4:39am
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yes yes yes
  • #843,934
  • Edited 5:21am Nov 1, 2024 4:45am | Edited 5:21am
Quoting BeeTogether
NFP is forecasted to be much lower than last month. Now if this is green the doors to 128-12750 open. If it is even lower than the forecast then 130-13030 is back on the cards
Do wonder if the PCE numbers from yesterday will overshadow whatever NFP prints today. Dilemma for the Fed and what to do with the dollar. Big sell off in equities too yesterday but end of month capital inflows today (dead cat bounce?). Going to be an interesting session.
  • #843,935
  • Nov 1, 2024 4:58am Nov 1, 2024 4:58am
Quoting Jade Gate
{quote} Do wonder if the PCE numbers from yesterday will overshadow whatever NFP prints today. Dilemma for the Fed and what to do with the dollar. Big sell of in equities too yesterday but end of month capital inflows today (dead cat bounce?). Going to be an interesting session.
True, we saw a massive drop yesterday although it seems it was from the UK budget as opposed to the the green US data as that didn't do much for it either. It could be a slow burn day too. Will check on it as the day goes.
Insane in the Brain..
  • #843,936
  • Nov 1, 2024 5:12am Nov 1, 2024 5:12am
GBPUSD

A look at the bigger picture and the real market structure

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Any time frame is best viewed with 3 degrees of swings or waves


In the above chart i have marked it up with 2 degrees the third degree are the very small swings in between each trendline which retail trade.

This view relates to the daily and is the inside structure of the daily wave or trend

We trade the second degree swings using the third degree for entry.

If you trade the third degree straight off the H1 chart it becomes harder to ascertain the main direction of the market therefore the H1 chart should be traded via the 5 minute with three degrees marked up.
Follow The Markets Structure - Patience and Discipline
  • #843,937
  • Nov 1, 2024 5:12am Nov 1, 2024 5:12am
Quoting donfriday
If you are new in FF and confused the purpose of ff is to share idea and have fun, nobody here is 100% sure of the price destination, we are just a 50/50 coin toss trader .
  • #843,938
  • Nov 1, 2024 5:31am Nov 1, 2024 5:31am
This is interesting 200 ema red, cable touched it and bounced up. Previous touches resistance. 200 ema - gorilla or trampoline.
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  • #843,939
  • Nov 1, 2024 5:53am Nov 1, 2024 5:53am
Quoting Pat Chiko
{quote} GU scalping update. Negative in LONG position Positive on SHORT position{image} As Newbie........I promise.....{image}
GU

NFP special

one more spike down,
Losses few of LONG trades earlier.
Keeping one more SHOT position to bonus
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #843,940
  • Nov 1, 2024 5:56am Nov 1, 2024 5:56am
Quoting pipfarm
GBPUSD A look at the bigger picture and the real market structure {image} Any time frame is best viewed with 3 degrees of swings or waves In the above chart i have marked it up with 2 degrees the third degree are the very small swings in between each trendline which retail trade. This view relates to the daily and is the inside structure of the daily wave or trend We trade the second degree swings using the third degree for entry. If you trade the third degree straight off the H1 chart it becomes harder to ascertain the main direction of the market...

5 minute chart


A (abc B) C
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correction in H1 wave , does not mean instantly short because C might not be over yet, we wait for a 2nd degree swing down with a 3rd degree wave downtrend or we can bybass the first 2nd degree swing down and wait for it to break the last higher low 2nd degree swing and trade the next
Follow The Markets Structure - Patience and Discipline
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