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Cable Update (GBPUSD)

  • #551,801
  • Oct 7, 2020 10:50am Oct 7, 2020 10:50am
Quoting nessus94
{quote} FOMC will be a non event tonight IMO
why do you say that?

Any inside info?
Intraday only.
  • #551,802
  • Oct 7, 2020 10:50am Oct 7, 2020 10:50am
Its so funny how i can feel so confident like i know whats going on then two hours into NY session i have no clue whats going on
  • #551,803
  • Oct 7, 2020 10:58am Oct 7, 2020 10:58am
maybe gu will go up , but from 1.28 area or below even
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yes yes yes
  • #551,804
  • Oct 7, 2020 10:59am Oct 7, 2020 10:59am
M5

Solled @ 1.29204

atb vvm
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PA Trading with EMAs & common Sense
  • #551,805
  • Oct 7, 2020 11:01am Oct 7, 2020 11:01am
Quoting nessus94
{quote} FOMC will be a non event tonight IMO
why ??

  • #551,806
  • Oct 7, 2020 11:18am Oct 7, 2020 11:18am
I feel like FOMC always allows for some manipulation to happen, most likely if GU is truly going to go down then they will spike it up to grab orders just cuz that’s usually what news does
  • #551,807
  • Oct 7, 2020 11:22am Oct 7, 2020 11:22am
Quoting vvm
M5 Solled @ 1.29204 atb vvm {image}
maybe one more push up before???
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #551,808
  • Edited 12:07pm Oct 7, 2020 11:27am | Edited 12:07pm
Quoting Wavegarrick
{quote} Hi Guys, I am getting subtle bearish hints and entered some shorts. My buy trail stops from yesterday were taken out for 40 pips loss overall. Lots of uncertainty in the market at the moment. Take care. Cheers {image}
Have you ever felt that your strategy is going out the door? Well, these last few days I have felt that. Fortunately I have been around long enough to know that these lapses will occur every once in a while and I stick to my plan. I have taken some profits off the table today and entered more sell trades. I still maintain my short term bearish bias and will follow my rules until otherwise.
Trade safe
Cheers
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Trade to trade another day
  • #551,809
  • Oct 7, 2020 11:27am Oct 7, 2020 11:27am
Quoting navk
{quote} why do you say that? Any inside info?
USD will fly to the sky
  • #551,810
  • Oct 7, 2020 11:35am Oct 7, 2020 11:35am
IMHO for FOMC we will see price up at 2970 ish then accumulation for the short overnight

must test 2770 daily old support which became resistance before going up again to test 3250

As always price action structure will show the way so be patient and follow your plan
Follow The Markets Structure - Patience and Discipline
  • #551,811
  • Oct 7, 2020 11:35am Oct 7, 2020 11:35am
FED minutes is an absolutely meaningless event for the market. I don't understand why people still expect big moves from it...its a non event, it always was!

It is MINUTES from the LAST meeting!
Everyone can see the chart, but only a few can actually read it.
  • #551,812
  • Oct 7, 2020 11:36am Oct 7, 2020 11:36am
M5

Closed my sELL @ BE
and bought
atb vvm
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PA Trading with EMAs & common Sense
  • #551,813
  • Oct 7, 2020 11:36am Oct 7, 2020 11:36am
Quoting Moty
maybe gu will go up , but from 1.28 area or below even {image} {image}
Patience is a good thing for a Pro trader . only I'm worried about FOMC Meeting Minutes If it refers to keeping interest rates constant (zero), we will see a fall for DXY .Powell said this in the past weeks.
  • #551,814
  • Oct 7, 2020 11:38am Oct 7, 2020 11:38am
Quoting b_hand
{quote} USD will fly to the sky
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maybe I'm wrong
  • #551,815
  • Oct 7, 2020 11:41am Oct 7, 2020 11:41am
Quote
maybe one more push up before???

If I see a BuySetup
I ll trade it

atb vvm
PA Trading with EMAs & common Sense
  • #551,816
  • Oct 7, 2020 11:53am Oct 7, 2020 11:53am
Addeed shorts here
Open tp
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  • #551,817
  • Oct 7, 2020 12:04pm Oct 7, 2020 12:04pm
M5
Closed my Buy @ BE

Short is possible too....
atb vvm
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PA Trading with EMAs & common Sense
  • #551,818
  • Oct 7, 2020 12:16pm Oct 7, 2020 12:16pm
Quoting Almo2312
Closed my lossing long and short 1.29 for 100

Did you take some profit or are you still waiting?
Follow The Markets Structure - Patience and Discipline
  • #551,819
  • Oct 7, 2020 12:18pm Oct 7, 2020 12:18pm
fomc will not affect at all,. gbp still up
  • #551,820
  • Oct 7, 2020 12:36pm Oct 7, 2020 12:36pm
Quoting pipfarm
{quote} Did you take some profit or are you still waiting?
Hi buddy took half at 50 pips rest i will wait.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
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