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Cable Update (GBPUSD)

  • #845,101
  • Nov 12, 2024 9:40am Nov 12, 2024 9:40am
Pound acting like they just hired Liz Truss as the new Chancellor of the Exchequer. This is some serious selloff going on.
  • #845,102
  • Nov 12, 2024 9:49am Nov 12, 2024 9:49am
Quoting BeeTogether
Looks like more lows to come. From a pullback perspective bulls would need to see a close above 128 or close to.
for bounce signal 2791 , early confirm 2830 , good resistance may be 2810/25. lets see if can stop as eurusd still to test support next 0581 , may breaks down 10/20 pips even below 57 ok
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,103
  • Nov 12, 2024 9:51am Nov 12, 2024 9:51am
Bloody hell this is an open tap.. 12750 last psychological area for a bounce back to 128. Not sure why there is this sudden drop as there isn’t any data and the Fed speeches have already happened?
Insane in the Brain..
  • #845,104
  • Nov 12, 2024 9:52am Nov 12, 2024 9:52am
Quoting fontu
{quote} for bounce signal 2791 , early confirm 2830 , good resistance may be 2810/25. lets see bif can stop , may breaks down 10/20 pips even below 57 ok {image}
totally agree. However it will take one hell of a heave up to get back to 12791 before we close
Insane in the Brain..
  • #845,105
  • Nov 12, 2024 9:57am Nov 12, 2024 9:57am
Quoting BeeTogether
{quote} totally agree. However it will take one hell of a heave up to get back to 12791 before we close
starting not bad . both signal broken fast , next 2971 . may not stable yet.
so 10/20 pips below 2752 sl may not that harm for long test !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 8 KB
Click to Enlarge Name: GBPUSDM51.png Size: 8 KB
Click to Enlarge Name: GBPUSDM152.png Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,106
  • Nov 12, 2024 10:05am Nov 12, 2024 10:05am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3214.png Size: 43 KB
Insane in the Brain..
  • #845,107
  • Nov 12, 2024 10:17am Nov 12, 2024 10:17am
1k usd under water


you will survive trading with risk management
MY OPINION NOT FINANCIAL ADVISE
  • #845,108
  • Nov 12, 2024 10:20am Nov 12, 2024 10:20am
Small loss big win

small win small loss


never big loss small win
MY OPINION NOT FINANCIAL ADVISE
  • #845,109
  • Nov 12, 2024 10:26am Nov 12, 2024 10:26am
Quoting Waveskierrob
{quote} This GU FF trade now close with a lot of averaging out closed +100 pips with multiple lots, thanks Leon for reminding me of my downdraw along the way, but now you can sleep at night, I won't go on about too much as I must imagine you are in a world of pain, seeing me in profit and you having a massive downdraw, I could be cruel and keep going about like you did with me but I won't, good luck with your 1.4000 TP, no hard feelings
Now kicking myself that I should have waited but greedy pigs get slaughtered, made my money, it is what it is, just trading EU now as it suits my style, I should feast on steak again tonight though...
  • #845,110
  • Nov 12, 2024 10:30am Nov 12, 2024 10:30am
Is there any important news?
Its selling like carzy as if putin sends nuke for starmer.
  • #845,111
  • Nov 12, 2024 10:31am Nov 12, 2024 10:31am
Quoting Whale
Price very far for my entry.. wonder how much swap im going to pay a long the way.
Whale, it's so obvious that the daily trend has changed to the downside. I see any action to the upside as a retracement and opportunity to Sell.

Retracement may come around 0.500/0.618 pullback from low to high ..

Manage trade accordingly pally.
Market Structure is the King.....
  • #845,112
  • Nov 12, 2024 10:36am Nov 12, 2024 10:36am
12750 not holding .. will reassess tomorrow and see if I need to take hit and restart. Overall area of b/e is 12840 for me
Insane in the Brain..
  • #845,113
  • Nov 12, 2024 10:36am Nov 12, 2024 10:36am
Quoting Abeylyn
{quote} Whale, it's so obvious that the daily trend has changed to the downside. I see any action to the upside as a retracement and opportunity to Sell. Retracement may come around 0.500/0.618 pullback from low to high .. Manage trade accordingly pally.

Trading is a game of what is low and what is high

that market is finding supply and demand every time
MY OPINION NOT FINANCIAL ADVISE
  • #845,114
  • Nov 12, 2024 10:37am Nov 12, 2024 10:37am
Quoting BeeTogether
{quote} 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 {image}
Buddy,

Just seeing this chart

What is the name of this indicator and what time frame is the chart ?
Market Structure is the King.....
  • #845,115
  • Nov 12, 2024 10:41am Nov 12, 2024 10:41am
Quoting donfriday
{quote} Trading is a game of what is low and what is high that market is finding supply and demand every time
Yeah but more balanced to one direction than the other.

Though every trader has a point.
Market Structure is the King.....
  • #845,116
  • Nov 12, 2024 10:44am Nov 12, 2024 10:44am
fails get the support , eurusd still 10 to 30 pips away from supports continues for 2664 or afa far go !
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,117
  • Nov 12, 2024 10:44am Nov 12, 2024 10:44am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 16 KB
yes yes yes
  • #845,118
  • Nov 12, 2024 10:46am Nov 12, 2024 10:46am
Yearly open just touched. Well done, bears.
+buy 1.2739

(*idk why someone dislike my recent posts a moment later. my bad calls can't break your crystal ball - you're safe, mate*)
Air force
  • #845,119
  • Nov 12, 2024 10:47am Nov 12, 2024 10:47am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 18 KB
yes yes yes
  • #845,120
  • Nov 12, 2024 10:47am Nov 12, 2024 10:47am
Quoting Waveskierrob
{quote} Now kicking myself that I should have waited but greedy pigs get slaughtered, made my money, it is what it is, just trading EU now as it suits my style, I should feast on steak again tonight though...
Waveski, you did right by my standards. Good Lord gave you two chances to get out with +100 pips and you took it. You should be very happy. Don't biatch. Have compassion for those who are underwater.
Always trade your own plan...I don't provide trading signals.
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