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Cable Update (GBPUSD)

  • #844,681
  • Nov 7, 2024 4:56am Nov 7, 2024 4:56am
The strategy has changed to the falocb ( Frankfurt and london open candles breakout) or in short eocb ( europe open candle breakout )
For 25 pips
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yes yes yes
  • #844,682
  • Nov 7, 2024 4:58am Nov 7, 2024 4:58am
Quoting HaLBot
Just over an hour to go before BOE rate decision.... {image}
if from what I’ve read works out we could see a drop to around 128. However I can’t see anything in the murmurs about anything out of script so the drop maybe limited.
Insane in the Brain..
  • #844,683
  • Edited 6:02am Nov 7, 2024 5:15am | Edited 6:02am
short at : 1.2903
Sl : 1.2918
Tp : TBD(closed at 1.2902)(+1pip)
--------------------
Add short at 1.2909
Sl : 1.2919(sl changed to 1.2924)(sl hit ) (-15pip)
tp : TBD
  • #844,684
  • Nov 7, 2024 5:16am Nov 7, 2024 5:16am
Pound could jump to retest some levels and touch up a few weak bears in the process, before making a new low for this quarter.
3060 region could get reached also.
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Compulsions can be hard to resist
  • #844,685
  • Edited 5:46am Nov 7, 2024 5:18am | Edited 5:46am
Quoting BeeTogether
{quote} if from what I’ve read works out we could see a drop to around 128. However I can’t see anything in the murmurs about anything out of script so the drop maybe limited.
Probably limited to the current support at 1.2835/60 zone. That equate the average daily range.

In that case, price will still be confined within the existing Range high/low.

Touch of 2750/66 will surely be the best
Market Structure is the King.....
  • #844,686
  • Nov 7, 2024 5:25am Nov 7, 2024 5:25am
Quoting Fardeen1209
{quote} The 2nd greatest trader of all time Nancy still got her seat. The greatest trader still remained Jeff Bezos ex wife tho.
Think you're very much mistaken ......"best trader ever V9.3"
  • #844,687
  • Nov 7, 2024 5:35am Nov 7, 2024 5:35am
Quoting HaLBot
Just over an hour to go before BOE rate decision.... {image}
what is your expectations about that? will GU go Up ?
  • #844,688
  • Nov 7, 2024 5:37am Nov 7, 2024 5:37am
Quoting fahadzaman66
{quote} what is your expectations about that? will GU go Up ?
a rate cut shouldn’t mean pound up. However things are not always as straightforward
Insane in the Brain..
  • #844,689
  • Nov 7, 2024 5:42am Nov 7, 2024 5:42am
Quoting Waveskierrob
{quote} Think you're very much mistaken ......"best trader ever V9.3"
You still have to flip the coin. already take so much energy, while bezos ex wife become billionaire overnight just by laying down with the right man
More time in the market, does not mean you trade better!
  • #844,690
  • Nov 7, 2024 5:44am Nov 7, 2024 5:44am
GU

Guessing only
Based on strucutre
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #844,691
  • Nov 7, 2024 5:44am Nov 7, 2024 5:44am
Quoting trumps
{quote} We had the same issue here in the election before last when Labour lost (yet again). Our neighbours were almost suicidal with rage. They didn't think for a moment how the labor elites just took public support or granted, totally messed up their campaign messages, (which were almost non-existent) and assumed they would just romp it in.
In a reasonable reality no campaign should be needed whatsoever when the other side is a festering boil of incompetence and backwards thinking, if any thinking at all.

I don't buy the "they didn't work hard enough on their sales pitch" when the other side had a sales pitch of shitting in their hands and eating it. What's fucked is there are more people than not who enjoy a good shit-hand sandwich.
Congratulations ScalaFX for coming out of the closet!
  • #844,692
  • Nov 7, 2024 5:46am Nov 7, 2024 5:46am
Quoting BeeTogether
{quote} a rate cut shouldn’t mean pound up. However things are not always as straightforward

FX Street (cut & paste only)
" Most expect the vote count to prove 8-1 in favour of a cut, although the Pound Sterling (GBP) could quite easily receive a temporary boost if the vote is 7-2 or 6-3."
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #844,693
  • Nov 7, 2024 5:55am Nov 7, 2024 5:55am
I'm out for the intress rate announcement
Tricky area
And i usually lossing in big data event
It's better to stay out
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yes yes yes
  • #844,694
  • Nov 7, 2024 5:56am Nov 7, 2024 5:56am
Quoting Pat Chiko
{quote} FX Street (cut & paste only) " Most expect the vote count to prove 8-1 in favour of a cut, although the Pound Sterling (GBP) could quite easily receive a temporary boost if the vote is 7-2 or 6-3."
This may not be applicable here because market is ranging.

For me, I have range high/low with expectation of breakout to any direction. Again price must visit current low and break or bounce.

Just my own perspective.

These response is meant for your wave count.
Market Structure is the King.....
  • #844,695
  • Nov 7, 2024 6:01am Nov 7, 2024 6:01am
Hmmm not even a proper spike down
Insane in the Brain..
  • #844,696
  • Nov 7, 2024 6:02am Nov 7, 2024 6:02am
Quoting Fardeen1209
{quote} The 2nd greatest trader of all time Nancy still got her seat. The greatest trader still remained Jeff Bezos ex wife tho.
Quoting Waveskierrob
{quote} Think you're very much mistaken ......"best trader ever V9.3"
The above was the script...

BUT, In reality.............
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #844,697
  • Nov 7, 2024 6:03am Nov 7, 2024 6:03am
gilt yield's are going up the base rate don't matter
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #844,698
  • Edited 7:34am Nov 7, 2024 6:03am | Edited 7:34am
Quoting Orand
short at : 1.2903 Sl : 1.2918 Tp : TBD(closed at 1.2902)(+1pip) -------------------- Add short at 1.2909 Sl : 1.2919(sl changed to 1.2924)(sl hit ) (-15pip) tp : TBD
-----------------
long at 1.2916
Sl : 1.29(sl to BE)
Tp : TBD, (closed at 1.2946)(+30pip)
------------------
Add long at : 1.2930
Sl : 1.2915
Tp: 1.2945(closed at 1.2945)(+15pip)
  • #844,699
  • Nov 7, 2024 6:03am Nov 7, 2024 6:03am
buying pressure on a rate cut. it.
Compulsions can be hard to resist
  • #844,700
  • Nov 7, 2024 6:06am Nov 7, 2024 6:06am
Ok so Kamala did not win, Trump was the better choice, nothing lost as the only signals were for longs and it was out of my trading zone.

GBPUSD , still mixed

Daily still above weekly which is going against monthly so mixed at the moment, there might be some better opps on lower timeframes
Follow The Markets Structure - Patience and Discipline
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