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Cable Update (GBPUSD)

  • #845,701
  • Edited 10:48am Nov 19, 2024 9:51am | Edited 10:48am
Quoting Godspromise
Movement extremely choppy
To separate Men from Boys and again an opportunity to study market movement.
Market Structure is the King.....
  • #845,702
  • Nov 19, 2024 9:53am Nov 19, 2024 9:53am
too crazy , pull back to bull back try ! , anyway hope not , be back apparently as sideways play .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,703
  • Nov 19, 2024 9:55am Nov 19, 2024 9:55am
Quoting Abeylyn
{quote} One leg closed @ 1.2653.
Final leg at break even to be closed @ 1.2670.

Need to wait till new market open to look for Trend Short... Join my Buddy Suhas 316. Possibly from 1.2670/80 if supported by market sentiment.
Market Structure is the King.....
  • #845,704
  • Nov 19, 2024 9:58am Nov 19, 2024 9:58am
Quoting fontu
too crazy , pull back to bull back try ! , anyway hope not , be back apparently as sideways play . {image}
yup close to daily open area too. Will set TP around 12625 on my short for tomorrow
Insane in the Brain..
  • #845,705
  • Edited 11:49am Nov 19, 2024 10:07am | Edited 11:49am
Quoting BeeTogether
{quote} yup close to daily open area too. Will set TP around 12625 on my short for tomorrow
may do little up 1 leg and next correct and breaks limit 2654 and may close down daily


last short taking for today to see , price below 2654 . if this limit breaks then pa gravity remain to bottom again !
eurusd pa remains near same before , bull may not success like gbpusd and hence gbpusd likely fail top to bear again !

if hs works then breaks limit 2654 as signal target may go 2642/36 today and specially eurusd breaks 0564
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,706
  • Nov 19, 2024 10:16am Nov 19, 2024 10:16am
Quoting suhas316
{quote} It rejecting from 61.80% level {image}
I entered on 2nd entry with little stop-loss
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!! Radha Radha !!
  • #845,707
  • Nov 19, 2024 10:35am Nov 19, 2024 10:35am
As long as price trades above 2650, no short trade applicable to me
Intraday only.
  • #845,708
  • Nov 19, 2024 10:43am Nov 19, 2024 10:43am
Quoting navk
As long as price trades above 2650, no short trade applicable to me
It is more of risk appetite to me. The fact that the current low is a daily/weekly level doesn't stop price from penetrating.

However, always best to buy low and cheap.
Market Structure is the King.....
  • #845,709
  • Nov 19, 2024 10:45am Nov 19, 2024 10:45am
Quoting suhas316
{quote} I entered on 2nd entry with little stop-loss {image}
I will join you later buddy. Price may not be ready to go straight downward at the moment.

1.2680 short is a better price for me.
Market Structure is the King.....
  • #845,710
  • Nov 19, 2024 10:51am Nov 19, 2024 10:51am
Quoting Abeylyn
{quote} It is more of risk appetite to me. The fact that the current low is a daily/weekly level doesn't stop price from penetrating. However, always best to buy low and cheap.
I do not and stopped to trade long back based on medium to long term analysis.

I trade based on day candle and get out of trades once pocket is full.

My all trades are based on intraday as my signature says
Intraday only.
  • #845,711
  • Nov 19, 2024 10:56am Nov 19, 2024 10:56am
Quoting Abeylyn
{quote} To separate Men from Boys and again an opportunity to study market movement.
True true patience is key my brother
  • #845,712
  • Nov 19, 2024 11:17am Nov 19, 2024 11:17am
I have a feeling it will break up
I am ready to switch if not
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yes yes yes
  • #845,713
  • Nov 19, 2024 11:28am Nov 19, 2024 11:28am
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Long as shown. Have no intention to short before 1. 27 50-70 ...............

  • #845,714
  • Nov 19, 2024 11:35am Nov 19, 2024 11:35am
Bullish on GBPUSD based on weekly chart. Should head towards 1.2865.
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  • #845,715
  • Nov 19, 2024 12:07pm Nov 19, 2024 12:07pm
Quoting navk
{quote} I do not and stopped to trade long back based on medium to long term analysis. I trade based on day candle and get out of trades once pocket is full. My all trades are based on intraday as my signature says
I learn't doing Intraday recently since price failed to move to medium term Swing.

It takes more professionalism to do the Intraday stuff.

It's a good decision.
Market Structure is the King.....
  • #845,716
  • Edited 1:46pm Nov 19, 2024 12:14pm | Edited 1:46pm
Go faster no pullback !! Time is short ! Need break 2654 in gbpusd and 0564 eurusd !

No , both actually got life already and this accumulation may ready for outburst up next days be as part of weekly rang up , let's see next day !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,717
  • Nov 19, 2024 12:40pm Nov 19, 2024 12:40pm
Quoting Moty
I have a feeling it will break up I am ready to switch if not {image}
I'm out
Ugly day
I made a few dollars on short at the morning and beside that i was stuck with floating loss most of the day with stupid long
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yes yes yes
  • #845,718
  • Nov 19, 2024 1:07pm Nov 19, 2024 1:07pm
Quoting ScalaFX
{quote} Nice, I just holding protected but from 60-65k, first target was 82k like I posted, second is 134k, but for now 92-90k can some problems or not, if closed today above 90k we are going still up strong
92k broken and next target in cards
People don't plan to lose. They lose because they don't plan.
  • #845,719
  • Edited 2:31pm Nov 19, 2024 2:01pm | Edited 2:31pm
GBPUSD - shorts for tomorrow or asian session


H1 has a single intermediate correction which is part of the Daily downswing and is only a small rally in D1, the H1 correction has a 5 wave impulse at the end
M5 has made a double correction which is a correction itself in H1 which is a minor correction.

The significant thing is that single corrections on H1 are usually dips or rallies in D1 whereas double corrections in H1 are actually a corrective swings in D1 , the same principle applies to other timeframes ie 5 minute and H1

Possible triple top on 5 minute , any break above the high negates the setup, the triple top could be caused by the first wave breaking down and then an abc correction to the upside.

Therefore it would probably be better to look for an entry from the 5 minute to take the third minor wave down , wait for the trend to change to down.
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Follow The Markets Structure - Patience and Discipline
  • #845,720
  • Nov 19, 2024 2:55pm Nov 19, 2024 2:55pm
Quoting pipfarm
GBPUSD - shorts for tomorrow or asian session H1 has a single intermediate correction which is part of the Daily downswing and is only a small rally in D1, the H1 correction has a 5 wave impulse at the end M5 has made a double correction which is a correction itself in H1 which is a minor correction. The significant thing is that single corrections on H1 are usually dips or rallies in D1 whereas double corrections in H1 are actually a corrective swings in D1 , the same principle applies to other timeframes ie 5 minute and H1 Possible triple top...

The 5 minute top broke to the upside which could be a triple correction so still wait for a trend break to the downside on M5
Follow The Markets Structure - Patience and Discipline
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