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Cable Update (GBPUSD)

Quoting ThaoAnh
{quote} {image} {image}
Hit SL
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TP 1.27623, price hit 1.27622 Bastards

Anyway all good, price climbed back up and paid out
Don't Leave Money on the Table
Why post these posts if Trading Explorer will do the work for you and one can simply put efforts to other places?
How to succeed in zero sum game?
Quoting dempire1
Why post these posts if Trading Explorer will do the work for you and one can simply put efforts to other places?

Then we would all have lives, where would the fun be in that
Don't Leave Money on the Table
Quoting HaLBot
{quote} Then we would all have lives, where would the fun be in that
Haha I actually find that amusing plus posting here is very helpful for those looking for a direction in this crazy market
Quoting dempire1
Why post these posts if Trading Explorer will do the work for you and one can simply put efforts to other places?
To look smart
NFP is selling GBPUSD
Quoting Mosese
NFP is selling GBPUSD

Last NFP had a very strange figure of 12k and wondering if that'll be revised up but if expectations of 200k are not met we'll see cable takeout 2800 and 1.06 for Euro then Gangsta Rob will be rolling in it
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Don't Leave Money on the Table
Dont guess the numbers...


Stay away.
price crawling to 1.284 but i think of short.. so myself and Bashar out.
Quoting Alorente
{quote} HalBot, why do you give this woke communist activist any credibility? He doesn´t deserve your reply... They are the reason the world is in such a mess. Plus, this is a Forex site not a Trans rally. He should take his propaganda somewhere else or Forex Factory should ban him.
NO. We are interested in other things besides trading , TOO..............Taking care not to overdo it.....of course.............

Hello. Wkly candle bulish so far on this last trading day of week, but that could well change on U.s data later. Y/day a 3rd consecutive bullish dly candle and there will be a 1st HH @ current dly hi or higher now on that t/f. Today so far; price has reached a current dly hi and this a false 1st upside b/o of the Asian hi then y/day's hi. Price just broke upside of them again.

U.s Nfp later of course. Might shake things up a bit?

1hr below
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
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Quoting pipfarm
NFP is upon as again so lets take a look at the possibilities Previously i was hoping the daily down trend would continue , however this has not happened and the correction has extended upwards into another 5 wave impulse. So currently D1 is above W1 which gives us a direction of long but things are never quite that simple. On H1 the current up move has come from a 5 wave sideways correction which started on the 5/12/20 the current up move only has one swing up with price making a correction on the 5 minute , the 5m correction only has ab so probably...

And there it is the move down followed by the move up, so again for NFP looks like another move down for a correction on 5minute and then another strong move up
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Follow The Markets Structure - Patience and Discipline
Quoting ThaoAnh
{quote} Hit SL{image} {image}
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...there's sometimes not a lot of point in looking @ potential supp/res on the initial knee-jerk reaction to NFP. To the upside the next untested pot res or sbr zone is on 4hr/dly and is a prev 4hr/minor dly sw lo zone = pot sbr that starts @ 2798 extending to circa 2820 on dly t/f, then another that starts @ 2834, and on dly t/f extends up to circa 2866. Wkly R1/Dly R2 is below it @/around 2818/19, and below those is Dly R1 @/around 2790.

4hr then upside fibs below.
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
[quote=Headland;15081631]...there's sometimes not a lot of point in looking @ potential supp/res on the initial knee-jerk reaction to NFP.

...THIS... Let this burn into your trading subconscious. Unless you have a 200 pip stop or more, you are about to instantly win or loose in 30 minutes time.

If you loose, you are a bad trader.

If you win, you are a bad trader.

Tonight, we should all be flat, and come back tomorrow. On this occasion, myself included. If I win tonight, I will not congratulate myself. If I loose tonight, I will not be hard on myself. But I know, right now, I should not be in a trade.

Even after all these years, this is my Achilles heal
Emotional Control. Process, not outcome.
Quoting Konichiwhaat
Quoting Headland
...there's sometimes not a lot of point in looking @ potential supp/res on the initial knee-jerk reaction to NFP. ...THIS... Let this burn into your trading subconscious. Unless you have a 200 pip stop or more, you are about to instantly win or loose in 30 minutes time. If you loose, you are a bad trader. If you win, you are a bad trader. Tonight, we should all be flat, and come back tomorrow. On this occasion, myself included. If I win tonight, I will not congratulate myself. If I loose tonight, I will not be hard on myself.
...
Alternatively, the existing trade can be properly managed such that any loss recorded will not have any implications on the account

Aside from Scalpers and medium term traders that may want to opt out, long term traders can continue riding because the existing trade is just a free ride.

My perspective Konich.
Market Structure is the King.....
good morning gentlemen ,,,im up early for NFP announcement

I feel it has to be a blowout number way above the estimate for my TA to change

I'm gonna short trump and the dollar on any kneejerk reaction to the nfp number in intraday noise since daily and weekly are boolish GU
TDS is a beautiful thing Halbot
Quoting Konichiwhaat
... Let this burn into your trading subconscious. Unless you have a 200 pip stop or more, you are about to instantly win or loose in 30 minutes time. If you loose, you are a bad trader. If you win, you are a bad trader. Tonight, we should all be flat, and come back tomorrow. On this occasion, myself included. If I win tonight, I will not congratulate myself. If I loose tonight, I will not be hard on myself.
Hi, I tend to agree re staying in a trade thru it unless your stop is @ b/e or better, and the forecasts are with you. Even then there's the potential for whipsawing to take you out, and of course slippage, in the potential market conditions. But we are all different and I do get involved, should the right hi-prob repeating set-up (s) present themselves on the other side of the release, - if they don't I stay flat. There are always other occasions to get involved in the market.
Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Abeylyn
{quote}{quote} Alternatively, the existing trade can be properly managed such that any loss recorded will not have any implications on the account Aside from Scalpers and medium term traders that may want to opt out, long term traders can continue riding because the existing trade is just a free ride. My perspective Konich.
For those that trade the classic "1% rule", absolutely
Emotional Control. Process, not outcome.
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