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Cable Update (GBPUSD)

  • #854,821
  • Feb 21, 2025 3:46am Feb 21, 2025 3:46am
I went long in Euroyen.I just entered according to my trading method.
I am responsible for any losses or profits.
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  • #854,822
  • Feb 21, 2025 3:49am Feb 21, 2025 3:49am
Another slow grind down again
  • #854,823
  • Feb 21, 2025 3:57am Feb 21, 2025 3:57am
More more
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Waiting for next signal
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yes yes yes
  • #854,824
  • Feb 21, 2025 3:57am Feb 21, 2025 3:57am
Quoting Pat Chiko
Why this two similar set up gives two different result. The RED set up failed to bounce up after clearing the RBS zone The BLUE set up price bounce the RBS zone. {image}
EU

waititng for bounce ?
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #854,825
  • Feb 21, 2025 4:02am Feb 21, 2025 4:02am
Sold 1.2650
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #854,826
  • Feb 21, 2025 4:03am Feb 21, 2025 4:03am
... 2678 Current dly hi - after y/day's 4th but more decisive upside b/o of last wk's 2630 hi, (the 1st 3 to a max of 2638,) finally saw last wk's bullish thrust engulf x 3 candle on the wkly t/f exercise some influence with the upside follow-thru. Will Y/day's similar dly candle exercise the same influence, @ some point? We'll see.
Only 48% of 13wk awr traveled so far this wk. 30day adr down to 105 from a 114 recent hi.

wkly then dly below
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Trader with an Edge.
  • #854,827
  • Feb 21, 2025 4:07am Feb 21, 2025 4:07am
Quoting Pat Chiko
{quote} CABLE I hope can reach target tomorrow, Friday. Need money for weekends party.{image}
CABLE

Waititng for bounce ?
Watch FVG/ Fib
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #854,828
  • Feb 21, 2025 4:13am Feb 21, 2025 4:13am
Daily pivot 2635. If it stands buy remains valid. Add in that sellers are currently 62%. Let's see if we get 2700-2725 area.
  • #854,829
  • Feb 21, 2025 4:14am Feb 21, 2025 4:14am
In a short
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#Stay blue. /swinger/scalper/
  • #854,830
  • Feb 21, 2025 4:15am Feb 21, 2025 4:15am
Quoting Pat Chiko
{quote} CABLE Waititng for bounce ? Watch FVG/ Fib{image}
Hi. Yeh, - a perhaps growing pattern of 1hr bullish hidden div is already present - could stay good whilst price above 2596. I wonder though, if tested, whether that 4hr pot rbs area shown below is 'too obvious?'

4hr below
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Trader with an Edge.
  • #854,831
  • Feb 21, 2025 4:27am Feb 21, 2025 4:27am
Quoting Headland
{quote} Hi. Yeh, - a perhaps growing pattern of 1hr bullish hidden div is already present - could stay good whilst price above 2596. I wonder though, if tested, whether that 4hr pot rbs area shown below is 'too obvious?' 4hr below {image}
Beside looking at the chart for clues, im trying to understand that during consolidation, whether MM or IT are accumulating (buying quietly) or distributing (selling quietly).
Hard question for me as newbie to answer.

  1. When the market has low volatility, prices move within a narrow range.
  2. This can happen when buyers and sellers are in balance (e.g., consolidation).


However, is it possible to analyze it using volume, price action, and Wyckoff Theory ?

1. Clues from Volume & Price Action

Accumulation (Smart Money Buying)
Price moves in a tight range, forming a base.
Volume spikes on up moves, but price doesn’t break out yet (hidden buying).
Down moves have lower volume, showinglack of aggressive selling.
False breakdowns (spring):
Price dips below support but quickly recovers, trapping sellers.

Distribution (Smart Money Selling)
Price moves in a range, but the up moves look weak.
Volume spikes on up moves but lacks strong follow-through.
Down moves start to show increasing volume, signaling selling pressure.
False breakouts (upthrusts): Price pushes above resistance but quickly reverses, trapping buyers.

2. Wyckoff Method for Confirmation

Accumulation: Look for higher lows, fake breakdowns, and volume picking up on up moves.
Distribution: Look for lower highs, fake breakouts, and volume picking up on down moves.

3. Smart Money Footprint (Order Flow & Market Profile)
If big orders sit at support → likely accumulation.
If big orders sit at resistance → likely distribution.
Delta (net buy vs. sell volume) can confirm buying or selling pressure.

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #854,832
  • Feb 21, 2025 4:28am Feb 21, 2025 4:28am
Quoting Yngwie
Sold 1.2650
Bored. closed. Try again next weeked.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #854,833
  • Feb 21, 2025 4:29am Feb 21, 2025 4:29am
...funny how these ranges can exercise some kinda gravitational/magnetic pull on price. this aforesaid mini 15min/30min/1hr example - bordered by the asian hi and lo, is again being tested @ it's lo (asian lo,) this after a 2nd downside b/o to 30min t/f has met demand below it again.
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Trader with an Edge.
  • #854,834
  • Feb 21, 2025 4:32am Feb 21, 2025 4:32am
I'm in a buy on GU now, nice setup on the m15 chart, only looking to clip 1.2710
  • #854,835
  • Feb 21, 2025 4:34am Feb 21, 2025 4:34am
Quoting Headland
...funny how these ranges can exercise some kinda gravitational/magnetic pull on price. this aforesaid mini 15min/30min/1hr example - bordered by the asian hi and lo, is again being tested @ it's lo (asian lo,) this after a 2nd downside b/o to 30min t/f has met demand below it again. {image}
Interesting how MissD and her Gold analysis / trading appears to be fairly closely aligned to your own..
The first time I have seen this type of alignment with your trading style.
  • #854,836
  • Feb 21, 2025 4:37am Feb 21, 2025 4:37am
Quoting Pat Chiko
{quote} Beside looking at the chart for clues, im trying to understand that during consolidation, whether MM or IT are accumulating (buying quietly) or distributing (selling quietly)...
Yeh, I think we all to struggle with that. What I have generally observed is this;

1. When the market is trending consolidation tends ultimately to be followed by more with trend movement
2. The market may break the other end of the range to pick up liquidity to continue in trend direction.
3. A 1st b/o of the range/consolidation in either direction is generally false, and the 2nd or subsequent b/o in same direction (if that is what happens) tends to be truer.

Other than that, I just play my repeating set-ups within the context of range or trend on the t/f's I operate on, and what will happen will happen
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Quoting dantpm
{quote} Interesting how MissD and her Gold analysis / trading appears to be fairly closely aligned to your own.. The first time I have seen this type of alignment with your trading style.
Hi. Thanks. I never seen any of her posts, will take a look though.
Trader with an Edge.
  • #854,837
  • Feb 21, 2025 4:48am Feb 21, 2025 4:48am
Waiting some more correction below 2632 and limit down for up 2620 before next bounce
Anyway below 2600 also ok for bull!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #854,838
  • Feb 21, 2025 4:58am Feb 21, 2025 4:58am
... 1hr right now looks much like 4hr recent PA. Ie; an upside b/o of something (4hr = last wk's hi, 1hr = y/day hi,) then another, and another @ slightly higher highs, but not much above it, then @ the final upside b/o hi - a drop-down below the other side of the recent ranginess on the t/f, which on 4hr was followed by a move up from there to decisive new highs. Will this repeat on 1hr now?

Currently 1hr range lo (asian lo) acting as sbr
Trader with an Edge.
  • #854,839
  • Feb 21, 2025 5:00am Feb 21, 2025 5:00am
Quoting Moty
More more {image} Waiting for next signal {image}
The signal is here
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yes yes yes
  • #854,840
  • Feb 21, 2025 5:10am Feb 21, 2025 5:10am
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Let me take my small Prfts here, NOW.................................

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