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Cable Update (GBPUSD)

  • #845,061
  • Nov 12, 2024 3:01am Nov 12, 2024 3:01am
Bit of a Shake N Bake there but last 30 minutes of LO has been good for bulls....standard pump for cable 30 pips and Euro 15 pips
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Don't Leave Money on the Table
  • #845,062
  • Nov 12, 2024 3:13am Nov 12, 2024 3:13am
Quoting HaLBot
Bit of a Shake N Bake there but last 30 minutes of LO has been good for bulls....standard pump for cable 30 pips and Euro 15 pips {image}
Temptation. I made money trading this way and lost double of the profit gained back into the trend...
Market Structure is the King.....
  • #845,063
  • Nov 12, 2024 3:19am Nov 12, 2024 3:19am
Quoting Abeylyn
{quote} Temptation. I made money trading this way and lost double of the profit gained back into the trend...

Yes can be bad for your trading account, need to keep a very close eye on dxy....if euro and cable can hold onto their gains then we'll see mo9re upside but lately any gains are jumped on by bears
Don't Leave Money on the Table
  • #845,064
  • Nov 12, 2024 3:36am Nov 12, 2024 3:36am
the dump was good. Now any retrace could be limited to maybe 12840-60 today. We broke below 128 could it be a fake break I’m not sure the sentiment is bearish I am looking to go short again but will wait for a higher area potentially near 12850
Insane in the Brain..
  • #845,065
  • Nov 12, 2024 3:39am Nov 12, 2024 3:39am
The strong support line of the GBP/USD is likely to rise.
I plan to close my short position by combining my stop loss and take profit.
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  • #845,066
  • Nov 12, 2024 4:16am Nov 12, 2024 4:16am
Eurusd break 0617 down is good signal or confirmation if hold! Take care
Gbpusd breaks and hold 2796 for next leg down
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,067
  • Nov 12, 2024 4:18am Nov 12, 2024 4:18am
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  • #845,068
  • Nov 12, 2024 4:25am Nov 12, 2024 4:25am
Quoting ScalaFX
{quote} Im a buyer or EU and GU from last deeps, lets see they hold, if not I will buy lower
still a buyer or become a seller
Look right, we'll see the signs
  • #845,069
  • Nov 12, 2024 4:32am Nov 12, 2024 4:32am
Quoting azhantahir
{quote} still a buyer or become a seller
buyer, will add, max stop is 0550, there add huge, just scalping shorts but is not nesesery, oil huge buy too
People don't plan to lose. They lose because they don't plan.
  • #845,070
  • Nov 12, 2024 4:42am Nov 12, 2024 4:42am
Quoting azhantahir
{quote} I already closed all positions among EURUSD and GBPUSD before the end of the session. If DXY has an impact, let's see what happens for BTC at premium zones. Should be a hint from BTC. Mostly, it will be followed by other currencies in the opening session. Why? most of the currencies also depend on BTC movement. DXY vs BTC vs GOLD vs Currencies. Merged it into one proposal or method. Waiting is painful. Just a personal opinion. New session with a new proposal. Trade safe
What happens to DXY before and after
What happens to GBPUSD before and after
What happens to EURUSD before and after
What happens to USDJPY before and after
What happens to BTCUSD

The USD index impacts all currencies, including GOLD. Most currencies also depend on BTC (successful crypto). Lots of dramas coming.
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Look right, we'll see the signs
  • #845,071
  • Nov 12, 2024 5:00am Nov 12, 2024 5:00am
Quoting W0lfram
Buying GU 1.2805 EU 1.0626 (*added chart*) y'day daily close 1 pip above yearly hl2 max target 1.312 if I have patience {image}
although now this one may look like the bears inherit the Earth and for the bulls is nothing but false hopes
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EU is smore DX correlated, and the latter will close it's election gap (someday)
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Air force
  • #845,072
  • Nov 12, 2024 5:01am Nov 12, 2024 5:01am
Quoting azhantahir
{quote} What happens to DXY before and after What happens to GBPUSD before and after What happens to EURUSD before and after What happens to USDJPY before and after What happens to BTCUSD The USD index impacts all currencies, including GOLD. Most currencies also depend on BTC (successful crypto). Lots of dramas coming. {image} {image} {image} {image} {image} {image} {image}
How currencies depend on BTC exactly?
Just another trader in drawdown... Volume Profiles & PA
  • #845,073
  • Edited 5:32am Nov 12, 2024 5:06am | Edited 5:32am
Quoting evansabove57
{quote} How currencies depend on BTC exactly?
0
Bitcoin's price movements are significantly influenced by factors unique to it and the broader crypto sector, such as regulatory developments, technological advancements, and market sentiment specific to cryptocurrencies. These unique influences contribute to the distinct behavior of Bitcoin compared to traditional financial assets.

Bitcoin and Stock Market Correlation: Are They Really Linked?
chaos is just unknown order
  • #845,074
  • Nov 12, 2024 5:10am Nov 12, 2024 5:10am
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yes yes yes
  • #845,075
  • Nov 12, 2024 5:12am Nov 12, 2024 5:12am
Quoting W0lfram
{quote} although now this one may look like the bears inherit the Earth and for the bulls is nothing but false hopes {image} EU is smore DX correlated, and the latter will close it's election gap (someday){image}
at the moment yeah the bears have the upper hand. Currentlywe are in the lower channel around midway for the bulls to take control we need to break the upper channel circa 12860-12880
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Insane in the Brain..
  • #845,076
  • Nov 12, 2024 5:15am Nov 12, 2024 5:15am
Don't wait for buying. GRAB selling opportunity after successfully retesting its last break out. Tomorrow will be big impact on downside in currency against dollar because CPI news. Usdjpy will fly high. DON'T TAKE IT 100% Do your own analysis but with the trend.
  • #845,077
  • Nov 12, 2024 5:32am Nov 12, 2024 5:32am
This is a change in the hourly chart structure, maybe the low has been printed for now , as always could be wrong

Also RSI into overbought area and just popping it's head out
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Don't Leave Money on the Table
  • #845,078
  • Nov 12, 2024 5:46am Nov 12, 2024 5:46am
Quoting HaLBot
This is a change in the hourly chart structure, maybe the low has been printed for now , as always could be wrong Also RSI into overbought area and just popping it's head out {image}
its always hard to say but i have an incline to agree with you about seeing the lows of the day. Not sure about the NY session but from UK/EU unless sentiments change drastically we might have seen the sessions lows. There isnt much in data later either, it should kick off properly tommorrow
Insane in the Brain..
  • #845,079
  • Nov 12, 2024 6:03am Nov 12, 2024 6:03am
Quoting Yngwie
Long 1.2805 SL 1.2790
closed 24p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #845,080
  • Nov 12, 2024 6:21am Nov 12, 2024 6:21am
come on mister goldi
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yes yes yes
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