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Cable Update (GBPUSD)

  • #845,861
  • Nov 20, 2024 7:09am Nov 20, 2024 7:09am
gbpusd slowly going up hopefully buyers kick in
  • #845,862
  • Nov 20, 2024 7:10am Nov 20, 2024 7:10am
GU going up for more sells
Follow The Markets Structure - Patience and Discipline
  • #845,863
  • Nov 20, 2024 7:11am Nov 20, 2024 7:11am
Quoting pipfarm
{quote} i try not to trade the rebound , it can be fatal , i did not see any orders higher so it goes to show futures is driving spot if you can follow the larger waves , not the intraday noise but that can be useful for scalping and getting good entry points
Futures is good especially when it leads flows in spot forex. That's until there is dissonance between the two.

Quoting pipfarm
GU going up for more sells
What price are you targeting for TP?
  • #845,864
  • Nov 20, 2024 7:14am Nov 20, 2024 7:14am
Quoting M685
{quote} Please, can you explain where I can view these orders.

Order book DOM, you have to pay, i use it with tech analysis on futures

If your not doing tech well DOM will not help you to get the big moves, it is supposed to be for scalpers but i figured how to use it for swing trading
Follow The Markets Structure - Patience and Discipline
  • #845,865
  • Nov 20, 2024 7:19am Nov 20, 2024 7:19am
Quoting pipfarm
{quote} Knjiga naročil DOM, morate plačati, uporabljam ga s tehnološko analizo na terminskih pogodbah. Če vam s tehnologijo ne gre dobro, vam DOM ne bo pomagal doseči velikih potez, naj bi bil za scalpers, vendar sem ugotovil, kako ga uporabiti za swing trgovanje
Thank you
  • #845,866
  • Nov 20, 2024 7:26am Nov 20, 2024 7:26am
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yes yes yes
  • #845,867
  • Nov 20, 2024 7:28am Nov 20, 2024 7:28am
Quoting Mitiblotch
{quote} Futures is good especially when it leads flows in spot forex. That's until there is dissonance between the two. {quote} What price are you targeting for TP?
First take profit is the 2610 Higher low swing on H1 for shorts profit maybe lower
Follow The Markets Structure - Patience and Discipline
  • #845,868
  • Nov 20, 2024 7:32am Nov 20, 2024 7:32am
Quoting Pat Chiko
Cable update {quote} Looking forward for some fireworks too.............. {quote} Update scalping posirtion, with market in side ways and slow overall, especially for the dollar pairs. Am still looking for shorts. It wasn’t a huge move in terms of pips, but it wasn’t bad either. The trend is still clearly down for now—at least until we see a break in structure. That said, I’m starting to think this sideways, corrective pattern might be signaling the end of wave three and the start of wave four. If this is wave four, it’s possible we’ll see it break...
Cable

Stopped out
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #845,869
  • Nov 20, 2024 7:33am Nov 20, 2024 7:33am
Quoting Pat Chiko
{quote} GOLD watch the fib for quick correction at FVG{image}
I agree. I think we are nearing a top here and there is more downside in place
If you think you can or cannot do it you are correct
  • #845,870
  • Nov 20, 2024 7:36am Nov 20, 2024 7:36am
Quoting Olu
{quote} I agree. I think we are nearing a top here and there is more downside in place

Yes big sells just got filled
Follow The Markets Structure - Patience and Discipline
  • #845,871
  • Nov 20, 2024 7:40am Nov 20, 2024 7:40am
Lower 126 area still not met. There is a break below 126 that I feel maybe tested
Insane in the Brain..
  • #845,872
  • Nov 20, 2024 7:42am Nov 20, 2024 7:42am
unlike gbpusd , price not stopped yet in eurusd and may hit prevos low and more even . ok extension 4 smaller pa still ok to bounce later though but in daily tf actually bigger extension 4 waiting at more down!! so if even correct arounds previous low or next new low they should be limited !
and if eurusd does same then gbpusd also follow , just random spikes here and there and ranges high as of its character !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,873
  • Nov 20, 2024 7:42am Nov 20, 2024 7:42am
US$ up big and gold up too. Go figure
At least silver is behaving itself a bit
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If you think you can or cannot do it you are correct
  • #845,874
  • Nov 20, 2024 7:44am Nov 20, 2024 7:44am
From FX Street

It is rare that a single stock dominates the global financial space, however, tonight’s earnings report from Nvidia seems like a pivotal moment for global financial markets.

The lack of a unified narrative is triggering swings in the share price in the lead up to this report, and it could also trigger excess volatility later this evening and on Thursday, once we get the data.

Nvidia has a market cap that is bigger than the entire FTSE 100 and the German Dax.
Thus, it’s results could reverberate around financial markets in the coming days.

I take a break until it calm a bit
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #845,875
  • Nov 20, 2024 7:48am Nov 20, 2024 7:48am
Until price sees 1.27 again i believe no downside based on my volume base strategy i may be wrong though we will see
  • #845,876
  • Nov 20, 2024 7:50am Nov 20, 2024 7:50am
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yes yes yes
  • #845,877
  • Nov 20, 2024 7:51am Nov 20, 2024 7:51am
mass of selllers at 2650
Follow The Markets Structure - Patience and Discipline
  • #845,878
  • Nov 20, 2024 8:04am Nov 20, 2024 8:04am
checking now pa , pressure remain still down and may further down too till settle!
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,879
  • Nov 20, 2024 8:10am Nov 20, 2024 8:10am
Quoting Godspromise
Until price sees 1.27 again i believe no downside based on my volume base strategy i may be wrong though we will see
If you don't mind, will you like to share an insight about the volume strategy ?

From my end, it's obvious buyers are against the trend and Intraday sentiment but hoping the Daily Support can actually hold.
Market Structure is the King.....
  • #845,880
  • Nov 20, 2024 8:18am Nov 20, 2024 8:18am
Quoting Godspromise
Until price sees 1.27 again i believe no downside based on my volume base strategy i may be wrong though we will see
That is t/a based if there are no volumes there price will not go there, have you never wondered why sometimes the price goes back to the value area or the area where the last lower high was located after a break of structure and sometimes it does not.

I think the big players will probably set thier orders at 1.27 after the H1 swing down is finished, remember this is only the first minor swing down on H1 so once this swing is complete if we get another minor correction that will be your entry for swing 3 at or around 1.27

I took nearly the whole of the first minor swing H1 on NQ this morning,, has some more room to the low , so same principle applies once this swing completes i will short again after the next correction
Follow The Markets Structure - Patience and Discipline
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