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Cable Update (GBPUSD)

  • #846,041
  • Nov 22, 2024 3:27am Nov 22, 2024 3:27am
Quoting ScalaFX
{quote}
Bang on the money...
  • #846,042
  • Nov 22, 2024 3:28am Nov 22, 2024 3:28am
15 Minute DXY Chart....
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Don't Leave Money on the Table
  • #846,043
  • Nov 22, 2024 3:36am Nov 22, 2024 3:36am
Quoting Moty
{image}
Once every 6months I come here and I keep seeing Moty doing the same thing everytime.
Goes against the trend and posts a ton of screenshots with his whishful thinking Month after month, year after year!
Some things will never change...
Price = the amount a greater fool is willing to pay!
  • #846,044
  • Nov 22, 2024 3:40am Nov 22, 2024 3:40am
well that was an interesting price action... stop hunt?
  • #846,045
  • Nov 22, 2024 3:47am Nov 22, 2024 3:47am
Quoting Abeylyn
{image} 4 hour trend is bearish Daily Candlestick is bearish Previous day low @ 1.25758 has been broken to the downside. Intraday Sentiment is bearish Today trading bias is bearish, therefore looking for opportunity to manage existing trade at pullback which may be between the daily high @ 1.25949 and current low. Have a nice pipping day all.
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Take profit revised to 1.2500.
Market Structure is the King.....
  • #846,046
  • Nov 22, 2024 3:48am Nov 22, 2024 3:48am
i am calling 1.24920 as the low for a very long time
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yes yes yes
  • #846,047
  • Nov 22, 2024 3:51am Nov 22, 2024 3:51am
after next target broken 2500 , now limit up 2550. watching for next next short , 2540 ok but below or arounds 50 possible !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #846,048
  • Nov 22, 2024 3:53am Nov 22, 2024 3:53am
I promise exchanging my $ to £ at parity
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #846,049
  • Nov 22, 2024 4:02am Nov 22, 2024 4:02am
Quoting EntityFX
This thing is toast. Potential for 1.2300 before Christmas. Then lower still. The UK outlook is bleak. The Labour budget is dragging down the pound, with inflation risks rising as retailers pass on tax increases from NI hikes. Combined with anticipated energy price rises, hot CPI seems likely possibility. Upcoming monthly and Q4 GDP data could also disappoint, businesses held off spending in fear/anticipation of the budget, and were further spooked once it was announced. Business confidence and spending are weakening, in stark contrast to the incoming pro-business, deregulation-focused U.S. administration. USD demand will outpace GBP quickly.
https://www.pmi.spglobal.com/Public/...c48202368ca978

Manufacturing PMI steepest decline in 9 months. Employment growth declining amid hiring freezes. Business weakness, stagnant growth, and no sign of a turnaround. This thing’s a pig.

GDP shit show being priced in. Will go lower.
  • #846,050
  • Nov 22, 2024 4:06am Nov 22, 2024 4:06am
Quoting Moty
i am calling 1.24920 as the low for a very long time {image} {image}
Don't call it bro, buy it.
Ohh wait I forgot, you bought 200pips higher the other day LUL
Price = the amount a greater fool is willing to pay!
  • #846,051
  • Nov 22, 2024 4:12am Nov 22, 2024 4:12am
Quoting Pip-hunter
{quote} Don't call it bro, buy it. Ohh wait I forgot, you bought 200pips higher the other day LUL
He should not buy shit until MM moves in....

It always come with buffer.
Market Structure is the King.....
  • #846,052
  • Nov 22, 2024 4:12am Nov 22, 2024 4:12am
Quoting Moty
i am calling 1.24920 as the low for a very long time {image} {image}
ok
let's make it 1.24866
yes yes yes
  • #846,053
  • Nov 22, 2024 4:27am Nov 22, 2024 4:27am
Quoting Abeylyn
{quote} {image} Take profit revised to 1.2500.
Profit achieved on 2nd leg @ 150 pips.

May sell again today at Pullback or Buy later in the day at least after close of London Session/US Session. Better to Buy during Asian Session possibly next Sunday night.

Good luck.
Market Structure is the King.....
  • #846,054
  • Edited 5:05am Nov 22, 2024 4:30am | Edited 5:05am
G/M, Y/day's 2576 lo saw a 1st downside b/o of last week's 2597 lo with a pullback to it and then further downside in the Asian session followed by heavy selling in the early London session re the worse than forecast UK data. Price is now south of the 76.4% of the current yrly lo (2300) - current yrly hi (3434) move. Wkly S1 and Mthly s2 @/around the current dly lo.

1hr, 4hr and dly all in general downtrends again after the period of consolidation/ranginess on 1hr and 4hr till y/day was broken to the downside with that higher t/f tren, (dly.) In fact the current wkly hi @ 2716 is now another LH on the dly t/f. Next pot supp zone to the downside on 4hr and dly is the prev 4hr/dly sw lo zone = pot supp that extends down to 2445 and starts on dly circa 2480. 85.4% fib of the aforementioned current yearly lo-hi move runs thru it @ 2463, as does Dly S3 above it, @/around 2473.

Price is currently below the Yrly, Mthly, Wkly and Dly pivots.

Dly below
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Trader with an Edge.
  • #846,055
  • Nov 22, 2024 4:40am Nov 22, 2024 4:40am
No. Breakouts and all this candlestick pattern works and all of the folks here own islands and drive lambos. #basementninjas


Jokes aside. If anyone interested in how markets truly work:
https://www.fca.org.uk/publication/o...l-paper-50.pdf
How to succeed in zero sum game?
  • #846,056
  • Nov 22, 2024 4:44am Nov 22, 2024 4:44am
Quoting Abeylyn
{quote} Profit achieved on 2nd leg @ 150 pips. May sell again today at Pullback or Buy later in the day at least after close of London Session/US Session. Better to Buy during Asian Session possibly next Sunday night. Good luck.
I have a Sell limit @ 1.2534. That is 0.500 Fibb. pullback of last breakdown.

Just 0.01% of Equity by trading against daily Support.
Market Structure is the King.....
  • #846,057
  • Nov 22, 2024 4:45am Nov 22, 2024 4:45am
Quoting dempire1
No. Breakouts and all this candlestick pattern works and all of the folks here own islands and drive lambos. #basementninjas Jokes aside. If anyone interested in how markets truly work: https://www.fca.org.uk/publication/o...l-paper-50.pdf
You should be part of the crew
Market Structure is the King.....
  • #846,058
  • Nov 22, 2024 4:53am Nov 22, 2024 4:53am
Quoting kareemalifx
{quote} it’s funny when moty posts and others post their losing trades in regards to other pairs nobdy seems to care but i post people care ? Why maybe racism ? Maybe because i’m arab ? Maybe because i’m winning my trades ? Maybe because i suck? I don’t know . Anyway my friend to your request , no. This is not your thread and nobody has any authority here . If you have a problem , ignore me or move to different thread other wise i’m free to post other pairs
يا محترم ،،،مفيش عنصرية ف الموضوع
موتي لما بيضع تحليل لزوج اخر بيكون موجود معاه الباوند كمان ف التحليلات
ولا يهمك


اعتمد
  • #846,059
  • Nov 22, 2024 4:55am Nov 22, 2024 4:55am
Quoting Abeylyn
{quote} You should be part of the crew
haha somehow these patterns and SR and all that doesn’t yield me long term profits. Automated or manual. Maybe I’m honest and understand that leverage and gambling yielded me good results with these strategies and doing same thing over and over will eventually get me broke and back to moms basement. idk just maybe

You can run same simulations with blackjack, european or american - american was worse i think. Std is ~20% if I remember correctly over 10000 samples. Meaning you might end up with lambo but at the end you’ll end up broke and in moms basement 110%
How to succeed in zero sum game?
  • #846,060
  • Nov 22, 2024 4:59am Nov 22, 2024 4:59am
There is a prev minor 1hr sw hi zone = pot rbs from 9th May this year @ current dly lo. Next prev sw zone on this t/f is a prev 1hr/4hr/dly sw lo zone = pot supp that runs circa 2469 down to 2445 on this 1hr t/f. (Deeper on dly and 4hr.) Re downside fibs; there is a longer-term fib 38.2% @ 2470, then that 85.4% mentioned in post above, @ 2463. Next Wkly or Mthly pivot to downside is @/around 2385,which is Wkly S2.

Nice moves!

Average ranges graphic, then 1hr below
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Trader with an Edge.
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