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Cable Update (GBPUSD)

  • #867,161
  • Oct 16, 2025 12:13pm Oct 16, 2025 12:13pm
Quoting Waveskierrob
{quote} GU SHORT... {image} Where's Zebi he's missing all these great pics...

your barrels bent
  • #867,162
  • Oct 16, 2025 12:20pm Oct 16, 2025 12:20pm
Quoting M31
{quote} your barrels bent
Not my barrel...Pat's, and he shoots around corners...
  • #867,163
  • Oct 16, 2025 12:27pm Oct 16, 2025 12:27pm
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}
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  • #867,164
  • Edited 1:24am Oct 17, 2025 1:02am | Edited 1:24am
G/M, < 30day adr bullish candle y/day and an upside follow-thru so far today with a 1st upside b/o of AH then YH up to an 85.4% fib and Wkly R1 @/around the CDH/CWH, which is in a prev 1hr sw lo zone = pot sbr.

1hr below
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Trader with an Edge.
  • #867,165
  • Edited 1:24am Oct 17, 2025 1:06am | Edited 1:24am
...rising wedge on 4hr? Next obvious pot res zone on this t/f is the prev 1hr/4hr/dly sw hi zone = pot res that extends up to 3490 LWH. 3 fib cluster exists 3485-91, with Dly R2 @/around 3493. Mthly Pivot is above there @/around 3498.

EDIT: Added Dly R2.

4hr with 10/20/40 ema crosses graphic below
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Trader with an Edge.
  • #867,166
  • Oct 17, 2025 1:17am Oct 17, 2025 1:17am
...the 3527 CMH isn't a million miles away from the CDH/CWH. How strong are the bulls today?

dly below

...we'll see what today brings but so far wkly candle. is shaping up bullishly, and possibly even engulfing previous candle on the t/f? You can see how it found support at top of the wkly part of that prev sw lo zone that goes down to 3140.

wkly below
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Trader with an Edge.
  • #867,167
  • Oct 17, 2025 1:43am Oct 17, 2025 1:43am
...some get nuance and subtext...some don't. It was ever thus. Anyways......
Trader with an Edge.
  • #867,168
  • Oct 17, 2025 2:08am Oct 17, 2025 2:08am
GU successfully broke the 1.34 level a few days ago, so the momentum should stabilize towards the 1.3485 area.
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  • #867,169
  • Oct 17, 2025 2:10am Oct 17, 2025 2:10am
Quoting Mitiblotch
Long 3426. TP at least 4hr 200MA at 3470.
My yesta notes included this call and its amazing, though I never engaged, but my clarity have gotten 1 zoom in adjustment .
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #867,170
  • Oct 17, 2025 2:21am Oct 17, 2025 2:21am
Quoting Mitiblotch
Long 3426. TP at least 4hr 200MA at 3470.
TP hit to the tee!!! +44 pips in the bag. Not big money, but pips are always good.
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  • #867,171
  • Oct 17, 2025 2:32am Oct 17, 2025 2:32am
...1st and 2nd bunch of discount hunters on the downside p/back overwhelmed by sellers. How will the 3rd bunch get on? 4hr rising wedge broke to the downside.

5min below
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Trader with an Edge.
  • #867,172
  • Oct 17, 2025 2:32am Oct 17, 2025 2:32am
Inserted Video
  • #867,173
  • Oct 17, 2025 2:33am Oct 17, 2025 2:33am
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  • #867,174
  • Oct 17, 2025 2:40am Oct 17, 2025 2:40am
...update. 1st upside b/o's of AH then YH were false. Now a false 1st downside b/o of the AL to a new CDL. Probably a few retail stops triggered above/below the YH and AL respectively?

4hr/1hr below
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Trader with an Edge.
  • #867,175
  • Oct 17, 2025 3:04am Oct 17, 2025 3:04am
Quoting Headland
...1st and 2nd bunch of discount hunters on the downside p/back overwhelmed by sellers. How will the 3rd bunch get on? 4hr rising wedge broke to the downside. 5min below {image}
Warning: 5min chart incoming, and locked in!!!!! For those with a 5min phobia / derangement syndrome please go outside and put your head in a bucket for a couple of mins.

Well, sellers have had a go at them @ pt.A but not overwhelmed them, - yet at least!

5min below
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Trader with an Edge.
  • #867,176
  • Oct 17, 2025 3:06am Oct 17, 2025 3:06am
Welcome to the London session, where volatility comes to die.
  • #867,177
  • Oct 17, 2025 3:11am Oct 17, 2025 3:11am
Quoting MrFanciful
Welcome to the London session, where volatility comes to die.
Hi. I dunno, it's not so bad so far - at least operating on the smaller t/f trade entry/exit triggers! 115% of 13wk awr reached @ CDH/CWH

...biggest p/back in the move up from CWL/CML @ 3252, to 3471 CDH/CWH. May be some retail stops under that 3404 sw lo and under 3386 YL?

1hr below.
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Trader with an Edge.
  • #867,178
  • Oct 17, 2025 3:36am Oct 17, 2025 3:36am
Quoting MrFanciful
Welcome to the London session, where volatility comes to die.

Do you not trade gold anymore?
  • #867,179
  • Oct 17, 2025 3:37am Oct 17, 2025 3:37am
Quoting Mitiblotch
{quote} TP hit to the tee!!! +44 pips in the bag. Not big money, but pips are always good. {image}
Yeah! mine was earlier at 1.3464.

The waiting time was too long... Extra Patient..

The Beer Club is excellent
Market Structure is the King.....
  • #867,180
  • Oct 17, 2025 3:47am Oct 17, 2025 3:47am
...4th 5min attempt at a (now intraday) recovery now. Potential obstacles to upside re 1hr (and 5min) below.

4hr then 1hr then 5min below
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Trader with an Edge.
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