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Cable Update (GBP/USD) without Idiots 25 replies

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Cable Update (GBPUSD)

Quoting Moty
come on !!!!!!!!!!!!!!!!!!!!! {image}
well, you should wait for confirmation when you whatch this timeframe.

Also i wonder what a shity broker do you have? Or what type graph is it?
Always follow your own shit
....If you are an intraday trader, on strongly uni-directional/trending days, and in strong trends like this downtrend, across so many t/f's, the highest probability anti-trend opportunities are generally when price has exceeded it's adr ( I use 30day adr,) and is beyond @ least Dly S2/R2, preferably Dly S3/R3, and of course @ pre-identified potential supp or res. Today is a good example of that. Price @ current dly lo is 110% 30day adr and beyond Dly S2, in a pot supp zone - and if drilling down to 4hr it's one that is coexistent with the prev 4hr/dly/wkly sw lo zone = pot supp that extends down to 2069, this one a prev 4hr/minor dly sw lo zone = pot supp that extends down to 2095, from way back on 1st Nov 2023. This is not to say that such an anti-trend trade will result in a complete reversal (it may do it may not,) but it may be a tradeable nice pip haul against the trend, until the main trend direction kicks in again.

4hr below
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Intraday swing scalper (+) via 1min+ repeating set-ups
Quoting birdland
monthly chart: above 1.2000 always buyers show up. but we are still in a downtrend on daily chart. {image}
Hi, nice observation

mthly below
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Intraday swing scalper (+) via 1min+ repeating set-ups
Quoting W0lfram
{quote} + @1.228 avg 1.2587
+buy 1.212

Fun fact. Even if you started 2022 from buying, and bought every bearish daily candle which is below your lowest entry, you would end with profit by end of the year
Come on,!!!!
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yes yes yes
Quoting W0lfram
{quote} +buy 1.212 Fun fact. Even if you started 2022 from buying, and bought every bearish daily candle which is below your lowest entry, you would end with profit by end of the year
You are spot on mate. This consecutive sell presents a very good buying opportunity for swing approach. The key is good money management...

✓GBPUSD has traded at 1.31 in 9 consecutive years of last 15 years.... A good zigzag pattern.
Year: 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024.
Quoting suhas316
GBP/USD -- Line chart 1 - As you see manipulation happens .. fake breakout Chances are big that it will go down... safe trade when it breaks 1.21296 for fresh entry Again this week my 2 targets are - 1.20373 and 1.18024 {image}
@suhas316 —-bhai at what level do u see chances of reversal, 1.2050 or 1.1807…or it cud go deeper down??

i also follow premanand maharaj ji, was happy to see your dp
long EU 0190, one more round, target 0600
People don't plan to lose. They lose because they don't plan.
Quoting W0lfram
{quote} +buy 1.212 Fun fact. Even if you started 2022 from buying, and bought every bearish daily candle which is below your lowest entry, you would end with profit by end of the year
totally agree with you
Quoting SabkaBaap
{quote} @suhas316 —-bhai at what level do u see chances of reversal, 1.2050 or 1.1807…or it cud go deeper down?? i also follow premanand maharaj ji, was happy to see your dp
!! Radha Radha !!
bhai I also do not know where reversal will come... I mostly trade in direction of market and still not seen any sign of market going up not even on 5M chart...
But when trend will change , I will definetly post here ...
Nice to meet you...
!! Radha Radha !!
...So, if price tests deeper/lower; we could basically see demand come in anywhere from the prev minor 1hr sw lo zone = pot supp that extends down to 2100/01 current dly lo -to- 2038 which is a prev sw lo zone = pot supp up to the mthly t/f. So far the current dly lo is a fractal swing lo zone up to 1hr, and might be a 2hr also @ it's close @ top of this hour, in a few mins time.

So far this week, 49% of 13wk (1/4yr) awr already traveled on this 1st day of week.

Longer-term fib retraces and wkly/mthly pivots below
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Intraday swing scalper (+) via 1min+ repeating set-ups
Quoting Headland
....If you are an intraday trader, on strongly uni-directional/trending days, and in strong trends like this downtrend, across so many t/f's, the highest probability anti-trend opportunities are generally when price has exceeded it's adr ( I use 30day adr,) and is beyond @ least Dly S2/R2, preferably Dly S3/R3, and of course @ pre-identified potential supp or res. Today is a good example of that. Price @ current dly lo is 110% 30day adr and beyond Dly S2, in a pot supp zone - and if drilling down to 4hr it's one that is coexistent with the prev...
yes i have this strategy in mind, good thing. the daily pivot is also far away at 1.2303.
but today the market looks so battered that it could accelerate the downward trend again.
We'll see...
trading is like dancing, don't think and just listen to the music!
Quoting W0lfram
{quote} +buy 1.212 Fun fact. Even if you started 2022 from buying, and bought every bearish daily candle which is below your lowest entry, you would end with profit by end of the year
It’s because market is zero sum. With enough margin one can survive for a long long time.
How to succeed in zero sum game?
Quoting birdland
{quote} yes i have this strategy in mind, good thing. the daily pivot is also far away at 1.2303. but today the market looks so battered that it could accelerate the downward trend again. We'll see...
Yeh, I have Dly pivot @/around 2240, and yeh price is currently below Yrly pivot (@/around 2749,) Mthly pivot (@/around 2599,) the new Wkly pivot (@/around 2325,) and Mon's Dly pivot.

10/20/40 ema crosses graphic
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Intraday swing scalper (+) via 1min+ repeating set-ups
Quoting Headland
{quote} Yeh, I have Dly pivot @/around 2240, and yeh price is currently below Yrly pivot (@/around 2749,) Mthly pivot (@/around 2599,) the new Wkly pivot (@/around 2325,) and Mon's Dly pivot. 10/20/40 ema crosses graphic {image}
ah, so you use sunday data for your daily pivot.

i have used them without.

here are both: first without sunday data
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and the second with sunday data.
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trading is like dancing, don't think and just listen to the music!
Quoting W0lfram
{quote} +buy 1.212 Fun fact. Even if you started 2022 from buying, and bought every bearish daily candle which is below your lowest entry, you would end with profit by end of the year
Could be heading 1.19 this week
Direction is set until either the BoE intervenes or Rachel Reeves is fired.
Quoting GEfx
{quote} I'm short again at 1.2187, and 1.2157. I have a TP at 1.2120. If the GBP can't find a place to retrace soon, something is very wrong here, but that's ok because I'm short. I'm done for the night. Edit: stop set at 1 2147.
Target at 1.2120/15 hit, with next target at 1.2048. My stop at 1.2147 was hit on the pull back. Assessing PA and looking for another sell opportunity. Essentially that same picture on the GBP/JPY.
You shell not close below 1.21000 mf !!!!!!!
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yes yes yes
GBP/USD is in a big downtrend, with some heavy bearish candles recently. But we’re hitting a key weekly support level now, and the wave cycle looks like it’s wrapping up. I think we’ll see a pullback soon.
Keep an eye out for any bullish signs, like a hammer or a strong green candle near support. If we get a bounce, there’s a chance to ride it up to the next resistance. Just watch out for fakeouts and set your stops tight.

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