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Cable Update (GBPUSD)

  • #866,821
  • Oct 9, 2025 5:37am Oct 9, 2025 5:37am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 28 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 27 KB

Attached Image (click to enlarge)
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yes yes yes
  • #866,822
  • Oct 9, 2025 5:37am Oct 9, 2025 5:37am
I feel foolish reminding people in the room full of professional traders, but my system is yelling at me: this drop is a gift for bulls to buy low. [again-4th time]
Unknown...LOL
Always trade your own plan...I don't provide trading signals.
  • #866,823
  • Oct 9, 2025 5:44am Oct 9, 2025 5:44am
Please, if the good lord didn't bless you with enough brain to analyse the market structure, don't check other people's charts. It's useless for you. Always stick to your own plan.

Before...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.08 60M.png Size: 62 KB

After...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.09 60M.png Size: 55 KB

After a new low was made, and the target @1.3364 was hit, here is a new"edited" chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.09 60M after.png Size: 55 KB
Always trade your own plan...I don't provide trading signals.
  • #866,824
  • Oct 9, 2025 6:08am Oct 9, 2025 6:08am
Quoting Coreg2004
Please, if the good lord didn't bless you with enough brain to analyse the market structure, don't check other people's charts. It's useless for you. Always stick to your own plan. Before... {image} After...{image} After a new low was made, and the target @1.3364 was hit, here is a new"edited" chart.{image}
"Poetry in motion"...
  • #866,825
  • Oct 9, 2025 6:19am Oct 9, 2025 6:19am
Quoting Waveskierrob
{quote} "Poetry in motion"...
Waveski, I've been telling people here for years; it's a one-man/woman business. You vs. machine. Harassing people for trading signals or buying them from ICT won't make anyone a millionaire.
Always trade your own plan...I don't provide trading signals.
  • #866,826
  • Oct 9, 2025 6:59am Oct 9, 2025 6:59am
GU is a Sell. Stop loss is 12 pips from todays high.

1.3325/30 Support will also act against Sell but dominant trend is down.

Continue Selling with good risk management.

Nice day trading
Market Structure is the King.....
  • #866,827
  • Oct 9, 2025 7:47am Oct 9, 2025 7:47am
Quoting Coreg2004
Please, if the good lord didn't bless you with enough brain to analyse the market structure, don't check other people's charts. It's useless for you. Always stick to your own plan. Before... {image} After...{image} After a new low was made, and the target @1.3364 was hit, here is a new"edited" chart.{image}
From this chart, it's almost obvious that price is not prepared to penetrate the Support at Daily zone......

Need to prepare for more ranging and manage trade accordingly.

What happens where AB=CD. Breakout/ Reversal or no one knows until price get there ?

Just thinking market is becoming more and more AI driven and complicated for retail traders...

Good day bro.
Market Structure is the King.....
  • #866,828
  • Oct 9, 2025 7:50am Oct 9, 2025 7:50am
Hello Guys,
we are not trading anything to be honest but i am little different i like to trade,
so yesterday GOLD was great got almost 40$ move.
i mentioned in my earler post on another forum.
today its pound.
if i were just i will wait for the low even EURUSD is not bad.
i will wait for the low and will buy bought actually at 1.3350-75

will wait again 3350 doesnt seem bad to go for 1.34
just my 2 cents.

just saying what i am looking at
as i said before also techincals are great tool if you have the right direction.
like YEN it made us hell 250+ pips when monday market opened in a gap.
that was pure luck but sometimes we need luck also was looking fro 100 148 was the target but market opened at 149.50 s0 positions close at that level i never hurts the extra profit because some time it will go against you then you will remember that you got extra 100 pips so this time -100 market always even it self out.
after only trading for years but watching 8 pairs at a time learned a lot.
anyways

Good luck.

Regards,
Arham.
The Ones who make it, are the the ones who Manage RISK
  • #866,829
  • Oct 9, 2025 7:50am Oct 9, 2025 7:50am
Quoting Abeylyn
{quote} From this chart, it's almost obvious that price is not prepared to penetrate the Support at Daily zone...... Need to prepare for more ranging and manage trade accordingly. What happens where AB=CD. Breakout/ Reversal or no one knows until price get there ? Just thinking market is becoming more and more AI driven and complicated for retail traders... Good day bro.
don't need AI to confuse traders
I only follow traders with IQ above 160
  • #866,830
  • Oct 9, 2025 8:03am Oct 9, 2025 8:03am
Quoting Abeylyn
{quote} From this chart, it's almost obvious that price is not prepared to penetrate the Support at Daily zone...... Need to prepare for more ranging and manage trade accordingly. What happens where AB=CD. Breakout/ Reversal or no one knows until price get there ? Just thinking market is becoming more and more AI driven and complicated for retail traders... Good day bro.
Abeylyn, as long as humans are involved in writing algorithms, they are predictable. When computers start to learn on their own, we will adjust. The daily chart is the king, and the Dow theory.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.09 dailyb.png Size: 46 KB
Always trade your own plan...I don't provide trading signals.
  • #866,831
  • Oct 9, 2025 8:10am Oct 9, 2025 8:10am
Quoting Abeylyn
{quote} From this chart, it's almost obvious that price is not prepared to penetrate the Support at Daily zone...... Need to prepare for more ranging and manage trade accordingly. What happens where AB=CD. Breakout/ Reversal or no one knows until price get there ? Just thinking market is becoming more and more AI driven and complicated for retail traders... Good day bro.
glad im not nly one seeig this very algo based movements very hard to fully read
  • #866,832
  • Oct 9, 2025 8:16am Oct 9, 2025 8:16am
Quoting Coreg2004
{quote} Abeylyn, as long as humans are involved in writing algorithms, they are predictable. When computers start to learn on their own, we will adjust. The daily chart is the king, and the Dow theory. {image}
my issue with gbpusd to jump in is the unavailable data from nfp the market is waiting precariously on something it normally uses to drive sentiments so i watching dxy failure to break above 98.069 if the week closes below it then likely buy are very much on but the nfp data has everything very much in limbo
  • #866,833
  • Oct 9, 2025 8:31am Oct 9, 2025 8:31am
Quoting Bflyfx
{quote} don't need AI to confuse traders
The point here is entry price are fixed and traders are required to Buy/Sell at entry. Shortage will lead to a drawdown.

Again, price may likely revisit entry up to 2 or sometimes more before the final movement.

AI are programmed to identify those prices and possibly repeat action.

Speed of takeoff/impatience and other activities may force inexperience traders to take wrong decision.

It's wrong for me to believe AI has not revolutionize our trading pattern.....

No confusion in my statement...
Market Structure is the King.....
  • #866,834
  • Oct 9, 2025 8:32am Oct 9, 2025 8:32am
I hear this train noise in my head...gold is the steak gold is the steak gold is the steak Hoop Hoop!

oh poor nordlings

Quoting Abeylyn
{quote} The point here is entry price are fixed and traders are required to Buy/Sell at entry. Shortage will lead to a drawdown. Again, price may likely revisit entry up to 2 or sometimes more before the final movement. AI are programmed to identify those prices and possibly repeat action. Speed of takeoff/impatience and other activities may force inexperience traders to take wrong decision. It's wrong for me to believe AI has not revolutionize our trading pattern..... No confusion in my statement...
It was a joke. Your statement is perfectly CLEAR!
I only follow traders with IQ above 160
  • #866,835
  • Oct 9, 2025 8:46am Oct 9, 2025 8:46am
Quoting Godspromise
{quote} my issue with gbpusd to jump in is the unavailable data from nfp the market is waiting precariously on something it normally uses to drive sentiments so i watching dxy failure to break above 98.069 if the week closes below it then likely buy are very much on but the nfp data has everything very much in limbo
Godspromise, I agree with you. A lot of hesitation is seen on the daily GU chart. I've been posting the DXY chart in my thread. Currently, the DXY is trying to close above the outer trend line. If this happens, there is the possibility of BPC play (breakout, pullback, continuation; like we experienced with inner TL)
Attached Image (click to enlarge)
Click to Enlarge Name: DXY 10.09 daily.png Size: 46 KB
Always trade your own plan...I don't provide trading signals.
  • #866,836
  • Oct 9, 2025 9:13am Oct 9, 2025 9:13am
Quoting Coreg2004
{quote} Godspromise, I agree with you. A lot of hesitation is seen on the daily GU chart. I've been posting the DXY chart in my thread. Currently, the DXY is trying to close above the outer trend line. If this happens, there is the possibility of BPC play (breakout, pullback, continuation; like we experienced with inner TL) {image}
just close above it and is pushing im wondering if i should just wait on nfp tomorrow because market movement is really all over the place to me being patient though
  • #866,837
  • Oct 9, 2025 9:29am Oct 9, 2025 9:29am
Quoting Godspromise
{quote} just close above it and is pushing im wondering if i should just wait on nfp tomorrow because market movement is really all over the place to me being patient though
Government is still shutdown. NFP is unlikely tomorrow
  • #866,838
  • Oct 9, 2025 9:33am Oct 9, 2025 9:33am
Who would have thought that an interest rate cut and the government announcing that they can’t pay their bills or debts would have resulted in everyone going “Fuck me, I want some of that shit?”
  • #866,839
  • Oct 9, 2025 9:40am Oct 9, 2025 9:40am
Quoting MrFanciful
Who would have thought that an interest rate cut and the government announcing that they can’t pay their bills or debts would have resulted in everyone going “Fuck me, I want some of that shit?”
it got everyone going ham
  • #866,840
  • Oct 9, 2025 9:40am Oct 9, 2025 9:40am
DXY
Scalping set up only.
Here’s my view on the Elliott Wave count for DXY (Daily timeframe):

Right now, DXY looks like it might be forming a flat correction.

Something like:
Three waves up for A
Three waves down for B
And now possibly three waves up for C

If this really is a running flat, then I'm guessing price could push all the way up to the blue line, take out the previous highs, and maybe even break the red line highs as well.

Attached Image (click to enlarge)
Click to Enlarge Name: dxy 006.jpg Size: 116 KB


Another possibility is that this whole thing is actually a WXYXZ pattern.

But honestly, even if that’s the case, the end result looks the same to me: price likely goes up and clears those previous highs before we get the next big move down.

Since this is the daily chart, that upside move could take several weeks, so I’m expecting dollar strength in the near term.

How I’d trade it:
I’d only be looking for longs on DXY.
And I’d apply that bias to USD pairs.
Meaning I’d look for shorts on EUR, GBP, AUD, NZD, etc.

All the best and good luck! (we need luck BTW)

Reminder: This is NOT a signal service. Don’t come back blaming me if it doesn’t play out. I don’t want a repeat of when someone blamed coreg2004 for their loss just because they stupidly followed a setup they didn’t even comprehend. Thus stop stealing people land.
I come from the future.
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