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Cable Update (GBPUSD)

  • #847,441
  • Dec 6, 2024 3:45am Dec 6, 2024 3:45am
Quoting fontu
Breakout top in this ugly range up , so will scalp at near top to see ! So at now and above !! Ok a new top , now signal early confirmation top failure 2769 done , confirmation 65. Limit 56 for further up straight and over 42 So now bull heart line is limit 56, 2765 and 56 in watch list , breaks 56 will set be to keep active short ! {image} {image} {image}
2756 virtually broken and open for further falls and at least pullback to 2750 ! Bounce to next target down possible , so may 2770 to 50 ok! waiting
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #847,442
  • Dec 6, 2024 3:49am Dec 6, 2024 3:49am
Shorting. GU and still holding long GJ
Insane in the Brain..
  • #847,443
  • Dec 6, 2024 3:53am Dec 6, 2024 3:53am
NFP is upon as again so lets take a look at the possibilities

Previously i was hoping the daily down trend would continue , however this has not happened and the correction has extended upwards into another 5 wave impulse.

So currently D1 is above W1 which gives us a direction of long but things are never quite that simple.

On H1 the current up move has come from a 5 wave sideways correction which started on the 5/12/20 the current up move only has one swing up with price making a correction on the 5 minute , the 5m correction only has ab so probably c down before a stronger move up
Follow The Markets Structure - Patience and Discipline
  • #847,444
  • Dec 6, 2024 3:57am Dec 6, 2024 3:57am
Quoting Waveskierrob
{quote} Added more LONGS, BE 10550, hoping to close these EU trades for profit by the end of play tomorrow, let's see what the market gives me...
TP set 10600...
  • #847,445
  • Dec 6, 2024 4:00am Dec 6, 2024 4:00am
Quoting Whale
Rise dollar rise
Whale, the dollar is technically programmed to fall until GU touches Daily Resistant.

Until GU touches Daily Chart EWN 2 Resistant Zone, USD cannot rise.

Goodluck.
Market Structure is the King.....
  • #847,446
  • Dec 6, 2024 4:01am Dec 6, 2024 4:01am
scalp short at 1.2759 , 20 lots
vankiepsauff@gmail
  • #847,447
  • Dec 6, 2024 4:02am Dec 6, 2024 4:02am
long GU
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I'm high on trading, cant you tell?
  • #847,448
  • Dec 6, 2024 4:07am Dec 6, 2024 4:07am
Quoting pipfarm
NFP is upon as again so lets take a look at the possibilities Previously i was hoping the daily down trend would continue , however this has not happened and the correction has extended upwards into another 5 wave impulse. So currently D1 is above W1 which gives us a direction of long but things are never quite that simple. On H1 the current up move has come from a 5 wave sideways correction which started on the 5/12/20 the current up move only has one swing up with price making a correction on the 5 minute , the 5m correction only has ab so probably...
Yeah! NFP.. This has an high probability of breakout of Intraday bracket.

Best is for me to just manage d existing trade. No need to add more to my existing Long.
Market Structure is the King.....
  • #847,449
  • Dec 6, 2024 4:07am Dec 6, 2024 4:07am
Quoting Abeylyn
{quote} Whale, the dollar is technically programmed to fall until GU touches Daily Resistant. Until GU touches Daily Chart EWN 2 Resistant Zone, USD cannot rise. Goodluck.
Programmed? This is a nice word.
i have me view for the dollar.
and about GU.. unless price not closing and survive 2768 GU is programmed to go down.

lets go Bashar..
  • #847,450
  • Dec 6, 2024 4:20am Dec 6, 2024 4:20am
Quoting Konichiwhaat
{quote} Final add
OK, 3rd position closed at BE. 4th moved to BE, thats some risk removed
Emotional Control. Process, not outcome.
  • #847,451
  • Dec 6, 2024 4:30am Dec 6, 2024 4:30am
[quote=Whale;15081503]{quote} Programmed? This is a nice word. i have me view for the dollar. and about GU.. unless price not closing and survive 2768 GU is programmed to go down. lets go Bashar..[/quot

Nice word... Programmed emphasizing more on assurance.


Yes, I got your point and perfectly agreed. Price Reaction around MP. Need for me to also be watchful to avoid being slammed.
Market Structure is the King.....
  • #847,452
  • Dec 6, 2024 5:01am Dec 6, 2024 5:01am
GJ SL now at b/e +10. 19175
TP still open but aiming for mid 192s
Insane in the Brain..
  • #847,453
  • Dec 6, 2024 5:03am Dec 6, 2024 5:03am
NFP
By JPM
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More time in the market, does not mean you trade better!
  • #847,454
  • Dec 6, 2024 5:12am Dec 6, 2024 5:12am
Quoting ThaoAnh
{quote} {image} {image}
Hit SL
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  • #847,455
  • Edited 6:07am Dec 6, 2024 5:32am | Edited 6:07am
TP 1.27623, price hit 1.27622 Bastards

Anyway all good, price climbed back up and paid out
Don't Leave Money on the Table
  • #847,456
  • Dec 6, 2024 5:33am Dec 6, 2024 5:33am
Why post these posts if Trading Explorer will do the work for you and one can simply put efforts to other places?
How to succeed in zero sum game?
  • #847,457
  • Dec 6, 2024 5:45am Dec 6, 2024 5:45am
Quoting dempire1
Why post these posts if Trading Explorer will do the work for you and one can simply put efforts to other places?

Then we would all have lives, where would the fun be in that
Don't Leave Money on the Table
  • #847,458
  • Dec 6, 2024 5:51am Dec 6, 2024 5:51am
Quoting HaLBot
{quote} Then we would all have lives, where would the fun be in that
Haha I actually find that amusing plus posting here is very helpful for those looking for a direction in this crazy market
  • #847,459
  • Dec 6, 2024 5:55am Dec 6, 2024 5:55am
Quoting dempire1
Why post these posts if Trading Explorer will do the work for you and one can simply put efforts to other places?
To look smart
  • #847,460
  • Dec 6, 2024 5:57am Dec 6, 2024 5:57am
NFP is selling GBPUSD
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munlee