Cable Update (GBPUSD)

Damn GJ! Dropped by 200 ! Muzzle needs tightening lol. Anyway still in good profit for the day. Will see how this fares out. B/e 19095 (hedging)

More than 275... back to the opening price... didn't close your long?

What a legendary, cult show! Opening and closing narratives are out of this world.

The repeatable Zeb pattern is posting short for weeks. No matter what it's short.
A monthly bullish engulfing prints, but it isn't an engulfing, according to Zeb.
Against all known literature, it's got an upper bearish wick.
He's short and adding short on the monthly outlook.

Earlier, a three-crow print is a time to go long in the Zeb world.
He's already long on three crows the week before they even exist.
Lady Luck saves the day 6 weeks later, after a further 200 pip drawdown.

GU monthly chart

https://www.chartmill.com/documentat...ern-Definition

The yen showed its movement yesterday, and vice versa

they sell in order to buy

Buying or selling makes no big difference—the only difference is your result at the end of the day
--loss or profit--

Total nwebie here, may I ask how do you find the monthly pivot price?

7170

I am a total noob here, could you please explain how do we determine the low of the month? I have been asking left and right and no one seem to wanna share

short 1.2686, 10 lots

Since 20 Feb 2025, if you have been following my system of buying bits of GU everyday near Open of the market, by now you would have 7 Buy trades indicated by the yellow circle markings (excluding today's Buy), and all 7 of them is in profit as indicated by the Green horizontal line which is the current price.

As yesterday was an aggressive up day, placing 1 Sell is recommended in anticipation of trend exhaustion, in dominant uptrend, Buys would outweigh Sells anyway, if the trend remain up, having a few losers from Sells are no big deal, just view it as an insurance policy. You will appreciate you placed the Sells here and there earlier whenever there is massive Up moves, because when market come crashing down, the Sells will suddenly give you lots of profit, the Buys would have exited when Defense line is broken so the losses from All the Buys are not coming with you.

As we accumulated enough Buys as of now, it's sensible to use the Defense line as a benchmark to exit the Buys to control our exposure, risk management is important. The price level 1.26415 is the defense line level today.

PS: There is a purple cross mark there because that day we are not supposed to enter Buy, despite it should turn out well if we entered. Reason is due to that day the Trend indicator show Orange color, it's a warning of trend shift to save us from adding more Buys if the Uptrend don't continue its course. The uptrend stayed its course after the Close of yesterday, the trend indicator now back to green, and we just continue to add bits of buy every day.

PS 2: There is a purple Tick mark in the pic, that indicates price has broken the defense line many days ago and exited a batch of Buys that accumulated before, that's why I said in this post that the Buys are accumulated since 20 Feb because the 20 Feb batch is the next batch, the previous batch has exited at the Purple Tick Mark.

thanks so much Reverso for that amazing insight, i have been following this for a long time but it keeps on telling me i dont have the requirement to comment here.

Looks like a morning of rug pulls

nope I was out for dinner and came back to see this. Oh well we live another day

More opportunities are ahead.

defo, the move is a knee jerk reaction to Trump. Once dust settles we could see a move towards 190-191

BoJ data not been great recently either so a rate hike may not happen this month , although the bets are still on for one.

GJ