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Cable Update (GBPUSD)

  • #851,041
  • Edited Jan 20, 2025 2:33am Jan 19, 2025 9:35pm | Edited Jan 20, 2025 2:33am
Watching pa , a shakeout likely at the start! Bounce to bear may now play !

watching smaller tf to see where can start for the week ! now bounce target goes to 2227 + and 32. 2214 + may look for any scalping short having initial target 2200/2196 to down if possible or wait til bounce done ! take care

breakout down . testing pullback 2100 , next waiting for 2193 next signal while eurusd test 0304 tl
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #851,042
  • Jan 19, 2025 10:43pm Jan 19, 2025 10:43pm
Quoting TooSlow
Daily pivot 1.2191. Weekly pivot 1.2191. Fading the pivot. Have to see what the news does, first.
Pivots taken out.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,043
  • Jan 19, 2025 11:48pm Jan 19, 2025 11:48pm
If it doesnt break this quasimodo, il look for a quick scalp below
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"Cut your loses short and let the winners Run"
  • #851,044
  • Jan 20, 2025 12:23am Jan 20, 2025 12:23am
it looks bullish today
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trading is like dancing, don't think and just listen to the music!
  • #851,045
  • Jan 20, 2025 12:39am Jan 20, 2025 12:39am
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yes yes yes
  • #851,046
  • Jan 20, 2025 12:46am Jan 20, 2025 12:46am
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yes yes yes
  • #851,047
  • Jan 20, 2025 1:04am Jan 20, 2025 1:04am
Quoting Fardeen1209
{quote} How come im low if that crook cannt man up and take his responsibilities. No wonder why, you end up winning like a baby.
which crook?
How to succeed in zero sum game?
  • #851,048
  • Edited 1:33am Jan 20, 2025 1:08am | Edited 1:33am
Quoting birdland
it looks bullish today {image}
I see those multiple bottoms getting taken out but they might attempt to first go and take out 2320 first. I'm not in a new trade let's see how Trump plays it.
  • #851,049
  • Jan 20, 2025 1:36am Jan 20, 2025 1:36am
Quoting W0lfram
{quote} {quote} {image}How to make 495 years of data from 23.5 available? Empirical distribution gives .9175 probability for x > - .0538. But that's unfair, let's include some margin - Friday's open. x > - .047 = .8947 {image} Best-fitted t-distribution. x > - .0538 = .9171, x > - .047 = .8979 Single outcome still unknown {image}
At least retrace is done. But stats about close, would be curious to see. Special day* - anything can happen x2, right?

*David Lynch's birthday
Air force
  • #851,050
  • Jan 20, 2025 1:53am Jan 20, 2025 1:53am
Quoting Mitiblotch
{quote} I see those multiple bottoms getting taken out but they might attempt to first go and take out 2320 first. I'm not in a new trade let's see how Trump plays it.
yes, also possible szenario, I always expect everything;-)
trading is like dancing, don't think and just listen to the music!
  • #851,051
  • Jan 20, 2025 1:59am Jan 20, 2025 1:59am
Quoting nordling
{quote} if someone has only 50% chance to win they better work at a foreign exchange desk where they convert money and earn from huge spreads instead of betting. Trading is betting and in order to bet on something you need to have info that other's don't have. Info & knowledge is the real edge

what i am saying is you need to have an edge to have 50% probability , you cannot win if you dont know how to win,,,so in general edge put you a 50% chance to win after that is just risk management to survive.
MY OPINION NOT FINANCIAL ADVISE
  • #851,052
  • Jan 20, 2025 2:08am Jan 20, 2025 2:08am
Quoting Abeylyn
{image} Here is my GU 2 hour chart. Best is to be patient until price touches either the Support or Resistant zone. Buy at Support or Sell at Resistant. If price breakout to the upside without touching Support zone, l'll wait for pullback and Buy. Risk Management is key. Nice weekend.
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Long @ 1.2180. 80% closed at 1.2200 (20 pips profit)

20% of trades to run. Target 1.2300/1.2330.

May also exit if price show sign of reversal against entry.

Trump installation may give bonus to traders. ..

Have a nice day trading. ..
Market Structure is the King.....
  • #851,053
  • Jan 20, 2025 2:27am Jan 20, 2025 2:27am
Quoting ThaoAnh
{image}
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  • #851,054
  • Jan 20, 2025 2:52am Jan 20, 2025 2:52am
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  • #851,055
  • Edited 3:38am Jan 20, 2025 3:15am | Edited 3:38am
Quoting ThaoAnh
{image}
G/M. Bearish dly candle on Fri continuing the sell-off off that 2308 LH on that t/f.7 x 1hr attempts to get south of the prev 1hr/4hr sw lo zone = prev supp = port supp that extends down to 2155. How much more demand can there be in there on any further retest(s?) So far today, Asian session bought and London session sold their hi,so the former session's hi and lo are presently the current dly hi and lo. No b/o either of y/day's hi or lo, although Asian lo tested that lo. Last wk's 2308 hi and 2100 lo remain intact/unchallenged too, for now @ least.

1hr and 4hr are rangy right now, intraday is still just about bullish so far. U.s Bank Hol, and Trump inauguration today.

EDIT: corrected typos

1hr below
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Trader with an Edge.
  • #851,056
  • Jan 20, 2025 3:24am Jan 20, 2025 3:24am
mf !!!!
it was a bulls trap
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yes yes yes
  • #851,057
  • Jan 20, 2025 3:35am Jan 20, 2025 3:35am
..price is already in the dly part of the prev 1hr/4hr/minor dly sw lo zone = prev supp = pot supp that extends down to last wk's 2100 lo, and on 1hr/4hr there is an intervening prev 1hr/4hr sw lo zone = pot supp before the 1hr/4hr parts of that zone to 2100.

Price is below the Dly, the new Wkly, Mthly, and Yrly Pivots right now

4hr below
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Trader with an Edge.
  • #851,058
  • Jan 20, 2025 3:36am Jan 20, 2025 3:36am
Waiting for 2160 and 40 test breaks
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #851,059
  • Jan 20, 2025 3:40am Jan 20, 2025 3:40am
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  • #851,060
  • Jan 20, 2025 3:41am Jan 20, 2025 3:41am
Quoting Headland
{quote} G/M. Nến dly giảm giá vào thứ Sáu tiếp tục bán tháo khỏi 2308 LH trên t/f.7 x 1 giờ cố gắng xuống phía nam của vùng sw lo 1 giờ/4 giờ trước đó = hỗ trợ trước = hỗ trợ cổng mở rộng xuống 2155. Có thể có thêm bao nhiêu nhu cầu ở đó trong bất kỳ lần kiểm tra lại nào nữa? Cho đến nay, phiên giao dịch châu Á đă mua...
Thanks bro.
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