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Cable Update (GBPUSD)

  • #844,321
  • Nov 5, 2024 7:07am Nov 5, 2024 7:07am
Quoting dr.tradelove
I'd like it to go down so I can buy it. {image}

Bought it 1.2985
  • #844,322
  • Nov 5, 2024 7:10am Nov 5, 2024 7:10am
so guys , what is the good result for the USD ? trump win or harris ?
  • #844,323
  • Nov 5, 2024 7:46am Nov 5, 2024 7:46am
Bulls still holding. Long Entries protected.
  • #844,324
  • Nov 5, 2024 7:53am Nov 5, 2024 7:53am
USA ELECTION PREDICTION BASED ON PRICE ACTION MARKET STRUCTURE ( the impulse is the secret sauce to market structure)

My prediction is that Kamala Harris will win the election

Dollar weakness if Kamala wins and dollar strength if Trump wins

Based on DXY H4 chart price has just completed a 5 Wave impulse and we are currently in a correction so based on a 4%-7% drop she might win by a decent margin.

Added to that all dollar back end pairs are nicely positioned for a good move up

Attached Image (click to enlarge)
Click to Enlarge Name: DXY_Z4H4.png Size: 32 KB
Follow The Markets Structure - Patience and Discipline
  • #844,325
  • Nov 5, 2024 7:57am Nov 5, 2024 7:57am
KISS - Keep it Simple
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH42.png Size: 6 KB
Click to Enlarge Name: GBPUSDH4.png Size: 70 KB
  • #844,326
  • Nov 5, 2024 7:59am Nov 5, 2024 7:59am
Better to stay away from trading in this NY session until election mess is over.

My personal opinion.
Intraday only.
  • #844,327
  • Nov 5, 2024 8:00am Nov 5, 2024 8:00am
Quoting pipfarm
USA ELECTION PREDICTION BASED ON PRICE ACTION MARKET STRUCTURE ( the impulse is the secret sauce to market structure) My prediction is that Kamala Harris will win the election Dollar weakness if Kamala wins and dollar strength if Trump wins Based on DXY H4 chart price has just completed a 5 Wave impulse and we are currently in a correction so based on a 4%-7% drop she might win by a decent margin. Added to that all dollar back end pairs are nicely positioned for a good move up {image}
it seems that way.. any drops could be limited to 12950 area as it’s been support this week and also anything below opens a trapdoor to the lows we have seen last week which it bounced up from quickly
Insane in the Brain..
  • #844,328
  • Nov 5, 2024 8:03am Nov 5, 2024 8:03am
Full day staying around same place , not breaks or test 2970. May to more wait !
Attached Image (click to enlarge)
Click to Enlarge Name: download - 2024-11-05T180205.588.png Size: 23 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #844,329
  • Nov 5, 2024 8:04am Nov 5, 2024 8:04am
Quoting pipfarm
USA ELECTION PREDICTION BASED ON PRICE ACTION MARKET STRUCTURE ( the impulse is the secret sauce to market structure) My prediction is that Kamala Harris will win the election Dollar weakness if Kamala wins and dollar strength if Trump wins Based on DXY H4 chart price has just completed a 5 Wave impulse and we are currently in a correction so based on a 4%-7% drop she might win by a decent margin. Added to that all dollar back end pairs are nicely positioned for a good move up {image}
I think Trump was bearish on dollar to push exports etc. I remember him pressuring the Fed for lower rates back in 2019... Might be wrong.
Just another trader in drawdown... Volume Profiles & PA
  • #844,330
  • Nov 5, 2024 8:05am Nov 5, 2024 8:05am
Quoting BeeTogether
{quote} it seems that way.. any drops could be limited to 12950 area as it’s been support this week and also anything below opens a trapdoor to the lows we have seen last week which it bounced up from quickly

Bookies odds 4/6 trump and kamala 6-4 , never trust a bookie
Follow The Markets Structure - Patience and Discipline
  • #844,331
  • Nov 5, 2024 8:08am Nov 5, 2024 8:08am
Quoting evansabove57
{quote} I think Trump was bearish on dollar to push exports etc. I remember him pressuring the Fed for lower rates back in 2019... Might be wrong.
It is about the tariffs with Trump, if he imposes large tariffs on imports this will push US prices up giving rise to inflation and strengthening the dollar as with inflation there is less chance of rate cuts
Follow The Markets Structure - Patience and Discipline
  • #844,332
  • Nov 5, 2024 8:27am Nov 5, 2024 8:27am
Quoting victorezeaku
KISS - Keep it Simple {image} {image}
Do not forget the STUPID part
Follow The Markets Structure - Patience and Discipline
  • #844,333
  • Nov 5, 2024 8:28am Nov 5, 2024 8:28am
Pound pumping way past 130. This could be a pump and dump or a sign of the election going Kamala’s way
Insane in the Brain..
  • #844,334
  • Edited 8:44pm Nov 5, 2024 8:28am | Edited 8:44pm
Quoting dempire1
{quote} You can see all you want but you haven't traded it have you? We all see but ( of us have anything to show for

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB

This is to corroborate the discuss. Entry made based on pattern.


Already at breakeven .

Case laid to rest on my desk.

Price actually found heavy resistance @ 1.3048. The Take profit on this trade is 1.3045 (3 pips allowance to accommodate slippage). It's not a luck but a zone printed on the chart.

For now, ascending trend line on 1 hour chart is being challenged. Need to recount Abc again on 2 hour probably may go Short at the end depending on pattern that is printed.

Have a nice pipping day all.
Market Structure is the King.....
  • #844,335
  • Nov 5, 2024 8:30am Nov 5, 2024 8:30am
Quoting pipfarm
{quote} It is about the tariffs with Trump, if he imposes large tariffs on imports this will push US prices up giving rise to inflation and strengthening the dollar as with inflation there is less chance of rate cuts

Doesn't matter about tariffs, markets want Trump because he can manage the economy way better than the democrats.
He's getting Elon Musk onboard to cut out the massive governmental waste that's dogged previous administrations and if anyone can fix that terrible problem Elon can.
The United States can not continue racking up so much debt and people with way more knowledge than me in this area say so but having to spend a trillion dollars just to service the debt you don't need much knowledge to know this can only end in disaster


News on the street is many democrat voters are not going to vote as they know they are going to lose. In Pennsylvania the democrat vote tally is down 300,000 which is devastating for the democrats.....
Not calling anything just saying what's being reported and it's too early to make any predictions
Don't Leave Money on the Table
  • #844,336
  • Nov 5, 2024 8:33am Nov 5, 2024 8:33am
Buy the news, sell the fact.

It is said
Intraday only.
  • #844,337
  • Nov 5, 2024 8:35am Nov 5, 2024 8:35am
Quoting HaLBot
{quote} Doesn't matter about tariffs, markets want Trump because he can manage the economy way better than the democrats. He's getting Elon Musk onboard to cut out the massive governmental waste that's dogged previous administrations and if anyone can fix that terrible problem Elon can. The United States can not continue racking up so much debt and people with way more knowledge than me in this area say so but having to spend a trillion dollars just to service the debt you don't need much knowledge to know this can only end in disaster
Markets do not vote and imho markets are already bracing for a kamala win, your opinion is respected lets see what happens.

Never found an honest news channel, they are paid to spread misinformation.
Follow The Markets Structure - Patience and Discipline
  • #844,338
  • Nov 5, 2024 8:36am Nov 5, 2024 8:36am
Quoting pipfarm
{quote} Markets do not vote and imho markets are already bracing for a kamala win, your opinion is respected lets see what happens.
Then why comment on my comment
Don't Leave Money on the Table
  • #844,339
  • Nov 5, 2024 8:38am Nov 5, 2024 8:38am
short 3015

gives me an average 2993


tp is close of yesterdays gap at 2920
short trump and go long the deepstate
  • #844,340
  • Nov 5, 2024 8:44am Nov 5, 2024 8:44am
U6LYM0R0N yes u are
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