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Cable Update (GBPUSD)

  • #845,201
  • Nov 13, 2024 4:57am Nov 13, 2024 4:57am
Quoting HaLBot
{image}
Hello friend,

Will you like to share your thoughts on the chart ?

Thanks.
Market Structure is the King.....
  • #845,202
  • Nov 13, 2024 5:08am Nov 13, 2024 5:08am
I have fought this trend all the way down, and i am still in it from 1.2737 Long , I think there is no reson for it to be were it is. If Iam wrong I have a tight S/L of 20 pips and i will try to monitor it.
  • #845,203
  • Edited 5:29am Nov 13, 2024 5:13am | Edited 5:29am
Quoting Whale
{quote} better is subjective daily is bearish. month and week bullish. lets see which TF will align with the trend, higher to lower or lower to higher.
You can sell if you want.Tomorrow i recommend dont sell . if it stays here at 27 and dont rise till 128 ,its reverse.Because this is daily candles 2-3 candles like sideways.all i can say only buy from tomorrow-after tomorrow.But you personally can sell. H4 cant drop now.daily watch tomorrow.
4 h buy .target min 128400.daily reach border,from 1.34,can be 12700,now this is border 1.27400.even if you see 12700 dont sell.target daily for a moment min 1.30400,but it can change to upside.
  • #845,204
  • Nov 13, 2024 5:21am Nov 13, 2024 5:21am
Quoting Abeylyn
{quote} Hello friend, Will you like to share your thoughts on the chart ? Thanks.

Hi Abeylyn,
Price hit 1.3000 7th November with the hourly 5ma tracking under price, since the drop down to the area we are now it's been above price. For any bullish action we need to get above the 5ma but since the buying during LO price has now again dropped back.
1.2700 area is acting as support for now but will it last?
I make no predictions where price is heading from here just noting what I see.

For the last month price has not held like this for so many hours and all dependent on US data out later whether we break 2700 or not
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Don't Leave Money on the Table
  • #845,205
  • Nov 13, 2024 5:41am Nov 13, 2024 5:41am
Quoting HaLBot
{quote} Hi Abeylyn, Price hit 1.3000 7th November with the hourly 5ma tracking under price, since the drop down to the area we are now it's been above price. For any bullish action we need to get above the 5ma but since the buying during LO price has now again dropped back. 1.2700 area is acting as support for now but will it last? I make no predictions where price is heading from here just noting what I see. For the last month price has not held like this for so many hours and all dependent on US data out later whether we break 2700 or not ...
Thanks for sharing your thoughts.
Market Structure is the King.....
  • #845,206
  • Nov 13, 2024 5:44am Nov 13, 2024 5:44am
it cant drop not only because this is border daily,many factors.h4 only buy from here,daily sideways around or can go without sideways.
  • #845,207
  • Nov 13, 2024 5:47am Nov 13, 2024 5:47am
Quoting viktoriaxz
it cant drop not only because this is border daily,many factors.h4 only buy from here,daily sideways around or can go without sideways.
Can you please support your thoughts with a chart ?

Thanks
Market Structure is the King.....
  • #845,208
  • Nov 13, 2024 5:53am Nov 13, 2024 5:53am
Quoting Abeylyn
{quote} Moty, please it's important you trade your strategy so that any contrarian trader can learn when you are successful. If you fail, it doesn't mean anything . It's a matter of risk/reward analysis and ability to react to changes spontaneously. What's your entry price on GU long ? Good luck.
1.27485
But we need to break 1.27536 to confirm
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yes yes yes
  • #845,209
  • Nov 13, 2024 5:57am Nov 13, 2024 5:57am
Quoting Moty
{quote} 1.27485 But we need to break 1.27536 to confirm {image} {image}
Yes, I have similar thoughts as well but our timing for entry is different.

That is expected to happen only if the current daily high is broken to the upside, then I will look for opportunity to buy.

Thanks

Please, check your PM.
Market Structure is the King.....
  • #845,210
  • Nov 13, 2024 6:05am Nov 13, 2024 6:05am
Come on mister goldi
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yes yes yes
  • #845,211
  • Nov 13, 2024 6:15am Nov 13, 2024 6:15am
Today’s high still intact, albeit by just a whisker.
Insane in the Brain..
  • #845,212
  • Nov 13, 2024 6:22am Nov 13, 2024 6:22am
Those two pumps, the one we just had and the one at London Opening have netted me 516 bucks for what was essentially one hours work although had to keep an eye on things for the last 5 hours.
9 trades of 0.4 lots each and for each scalp trade like to make at least 33 bucks because the commission is $2.80 so I clear 30 bucks. Some of those trades were much more than $30 with the biggest $129.25
It's not that I have some sort of superpower and know exactly when the markets going to pump but Euro did look like some buying was going to happen so jumped in and surprised by how much it rose by, 30 pips...plus a trade on cable
Do that everyday and I will become the big swinging dick of the financial markets
Don't Leave Money on the Table
  • #845,213
  • Nov 13, 2024 6:37am Nov 13, 2024 6:37am
Quoting Fix-it
I have fought this trend all the way down, and i am still in it from 1.2737 Long , I think there is no reson for it to be were it is. If Iam wrong I have a tight S/L of 20 pips and i will try to monitor it.
Hello buddy,

Why did you insist on long atm. Can you pull up a chart to show your thoughts ?

Thanks.
Market Structure is the King.....
  • #845,214
  • Nov 13, 2024 7:18am Nov 13, 2024 7:18am
US CPI coming up soon I predict a lower number than forecast but even so with Trump coming into power the markets see this as a positive sign for a better US economy so it's a bit of a conundrum.

Larger than forecast we could see Cable plummet another 100 pips
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Don't Leave Money on the Table
  • #845,215
  • Nov 13, 2024 7:29am Nov 13, 2024 7:29am
Quoting HaLBot
US CPI coming up soon I predict a lower number than forecast but even so with Trump coming into power the markets see this as a positive sign for a better US economy so it's a bit of a conundrum. Larger than forecast we could see Cable plummet another 100 pips {image}
Thanks for sharing.

This is my guessing.

Core CPI MoM is expected at 0.3%
0.3% – means core inflation remains high, and markets are already nervous about higher inflation from last month + potential Trump tariffs which are inflationary.
So,

0.3% or higher
USD bullish
Gold bearish
Stocks bearish

0.2% or lower
USD bearish
Gold bullish
Stocks bullish
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #845,216
  • Nov 13, 2024 7:31am Nov 13, 2024 7:31am
Nothing out of the ordinary. Data as expected let’s see if the bears can continue
Insane in the Brain..
  • #845,217
  • Nov 13, 2024 7:34am Nov 13, 2024 7:34am
Quoting Moty
{quote} 1.27485 But we need to break 1.27536 to confirm {image} {image}
Mf!!!!!!!!!
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yes yes yes
  • #845,218
  • Nov 13, 2024 7:36am Nov 13, 2024 7:36am
Quoting Moty
{quote} Mf!!!!!!!!! {image}
as data was expected we saw a spike and then a drop maybe now we can look for a move towards 128 lots of noise though
Insane in the Brain..
  • #845,219
  • Nov 13, 2024 7:45am Nov 13, 2024 7:45am
Going down right
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MrNoBody Return Today: na
  • #845,220
  • Edited 8:14am Nov 13, 2024 7:57am | Edited 8:14am
So far both limits are intact , high impact news also finish , so may wait for next leg down if starts ! Waiting
May signal next 2736
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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