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Cable Update (GBPUSD)

  • #867,141
  • Oct 16, 2025 3:58am Oct 16, 2025 3:58am
Quoting Bflyfx
great trading!! {image}
fly Butterfly fly!
People don't plan to lose. They lose because they don't plan.
  • #867,142
  • Oct 16, 2025 4:47am Oct 16, 2025 4:47am
weekly looks juicy for further ups, if closes like this I will be adding more
People don't plan to lose. They lose because they don't plan.
  • #867,143
  • Edited 5:12am Oct 16, 2025 4:59am | Edited 5:12am
Hello. More upside so far today, an upside follow-thru on y/day's > 30day adr dly bullish thrust candle. Price has made a notional new CDH above the AH as it challenges base of a prev 1hr/4hr sw hi zone = pot res that extends up to 3454/55. 2nd upside b/o of the Wkly Pivot remains true thus far. Wkly R1 is @/around 3471, with Dly R2 just below @/around 3468. 2 x fibs in that region too. 101% of 13wk awr traveled so far this week by price.

EDIT: typo.

4hr below
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Trader with an Edge.
  • #867,144
  • Oct 16, 2025 5:08am Oct 16, 2025 5:08am
...quite orderly ascending channels on 1hr and 4hr. Both are in general uptrends as of now. Fib clusters to the upside are 3461-67 (3,) then 3485-91 (4) incl 50% of the 3726-3252 move, with LWH @ 3490.

1hr below
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Trader with an Edge.
  • #867,145
  • Oct 16, 2025 5:43am Oct 16, 2025 5:43am
...some badly placed stops probably triggered, (likely retail) above the AH as price meets more supply @ the CDH/CWH deeper in that pot 1hr/4hr res zone = prev res x 1 described and shown in posts above. Point of interest; price opened this month below the Mthly Pivot and has only been above it twice in the month so far, and it is still below it. It is @/around 3498.

1hr below
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Trader with an Edge.
  • #867,146
  • Oct 16, 2025 5:58am Oct 16, 2025 5:58am
...the wkly candle (still forming, obviously) is looking like a bullish-bodied hammer right now, might even end up bullishly engulfing the previous one on that t/f? We'll see. Dly t/f is still rangy overall really, although most recently bullish off the 3252 CWL, on that t/f. Some may say it's in pullback mode of a downtrend off 3726?

Dly below
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Trader with an Edge.
  • #867,147
  • Oct 16, 2025 6:39am Oct 16, 2025 6:39am
Long 3426. TP at least 4hr 200MA at 3470.
  • #867,148
  • Oct 16, 2025 6:45am Oct 16, 2025 6:45am
...'buy the dip' buyers step in following the downside p/back off CDH, @ top of a prev 30min sw hi zone = pot rbs / 2 x fibs (only one shown on chart below, other-the 23.6% is of move A-B shown,) / steepest 1hr asc t/line. 2nd upside b/o of YH is still true so far, but 1st upside b/o of AH to CDH was false. AL is still the CDL. Price opened above, and has stayed above the Dly Pivot all day so far.

Re the bulls -have they got any more in them? We'll see.

1hr below
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Trader with an Edge.
  • #867,149
  • Oct 16, 2025 7:05am Oct 16, 2025 7:05am
...presently only the dly 10/20/40 ema's haven't joined the 'crossed up' club!

graphic below
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Trader with an Edge.
  • #867,150
  • Oct 16, 2025 7:12am Oct 16, 2025 7:12am
Quoting Headland
...presently only the dly 10/20/40 ema's haven't joined the 'crossed up' club! graphic below {image}
Lol...and that's how quick they can change as sellers repel price for a 3rd time of asking (see 30min and below,) at that prev 1hr/4hr sw hi zone = pot res that extends up to 3454/55.

graphic, then 1hr, below
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Trader with an Edge.
  • #867,151
  • Oct 16, 2025 8:06am Oct 16, 2025 8:06am
...price tested the then prev 30min sw lo zone = pot supp now a prev 1hr minor sw lo zone = pot supp (a 1st test and hold of the aforementioned/shown prev 30min sw hi zone = prev rbs x 1 = pot rbs) and rose again as buy the dip types took advantage of the discount/defended their long positions, resulting in so far a notoional new CDH/CWH, but price still in that prev 1hr/4hr sw hi zone = prev res = pot res. Sellers strike again for 4th time, can bulls push north of it?

1hr below
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Trader with an Edge.
  • #867,152
  • Oct 16, 2025 8:07am Oct 16, 2025 8:07am
GU flying up nice. Been long since yesterday. EU short. I feel more downward pressure is coming
  • #867,153
  • Oct 16, 2025 8:18am Oct 16, 2025 8:18am
...bulls giving it a go?

4hr below
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Trader with an Edge.
  • #867,154
  • Oct 16, 2025 9:07am Oct 16, 2025 9:07am
Quoting Bflyfx
great trading!! {image}
Ouch! Your boyfriend Pedro joined the sellers side on Gold and now getting burned like Chi Maybe trading is not about drawing butterflies on the chart huh?

Don't worry, if you draw enough butterflies and be a good boy, maybe Santa can get you a present by the year end
You have to have an IQ higher than 90 to interact with this user.
  • #867,155
  • Oct 16, 2025 9:48am Oct 16, 2025 9:48am
[quote=Nordling;15434674]{quote} Ouch! Your boyfriend Pedro joined the sellers side on Gold and now getting burned like Chi Maybe trading is not about drawing butterflies on the chart huh? Don't worry, if you draw enough butterflies and be a good boy, maybe Santa can get you a present by the year end [/quote

I noticed there is a propelling strength that sometimes uses the butterfly. Whenever the strength is absent, there is always an issue.

Until a trader is able to locate the propelling strength the knowledge of butterfly is not reliable.

My own observation.
Market Structure is the King.....
  • #867,156
  • Oct 16, 2025 9:51am Oct 16, 2025 9:51am
Quoting Mitiblotch
Long 3426. TP at least 4hr 200MA at 3470.
Great calls.

I need to apply to also join the Beer Club since they are the most progressive lately
Market Structure is the King.....
  • #867,157
  • Oct 16, 2025 10:26am Oct 16, 2025 10:26am
Quoting Pat Chiko
{quote} CABLE Definitely made a strong impulsive move up yesterday and today.

CABLE


Closed LONG
Scalping SHORT for few pips only.

Quick one for coffee money tomorrow morning.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #867,158
  • Oct 16, 2025 11:34am Oct 16, 2025 11:34am
Quoting Pat Chiko
{quote} CABLE Closed LONG Scalping SHORT for few pips only. Quick one for coffee money tomorrow morning. {image}
Nice one Patski...
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  • #867,159
  • Oct 16, 2025 11:42am Oct 16, 2025 11:42am
Quoting Waveskierrob
{quote} Nice one Patski... {image}
I was on the other room with Coreg, ripping the GJ.

Lets go out tonight, as i dont like Friday crowd.
We meet at the usual Pub

Gimme a call once you OTW, few drinking buddy is waititng there.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #867,160
  • Oct 16, 2025 11:47am Oct 16, 2025 11:47am
Quoting Pat Chiko
{quote} I was on the other room with Coreg, ripping the GJ. Lets go out tonight, as i dont like Friday crowd. We meet at the usual Pub Gimme a call once you OTW, few drinking buddy is waititng there. {image}
GU SHORT...
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Where's Zebi he's missing all these great pics...
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