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Cable Update (GBPUSD)

  • #557,561
  • Nov 6, 2020 7:36am Nov 6, 2020 7:36am
Wait I forgot, what does NFP do to the market again? Cuz currently nothing happened??
  • #557,562
  • Nov 6, 2020 7:39am Nov 6, 2020 7:39am
My personal expectation according to what i can see:
cable up to 1.3245 at least
eu: up to 1.0945
gold: up to 1972 (max 1988)
  • #557,563
  • Nov 6, 2020 7:40am Nov 6, 2020 7:40am
Quoting ZTrader123
Wait I forgot, what does NFP do to the market again? Cuz currently nothing happened??
Right now NPF is not the main market mover, its the election news, in addition the results were mixed for usd
  • #557,564
  • Nov 6, 2020 7:44am Nov 6, 2020 7:44am
Quoting Kampion
I guess we all waiting for the news huh, Well , im still holding onto my longs {image}
What's your position on this after the news?
  • #557,565
  • Nov 6, 2020 7:46am Nov 6, 2020 7:46am
Long is the name of the game , already in again bye bye mr 69%
Follow The Markets Structure - Patience and Discipline
  • #557,566
  • Nov 6, 2020 7:46am Nov 6, 2020 7:46am
keep selling the dollar and go on week end
Make money by doing the opposite of Giveachance aka loser
  • #557,567
  • Nov 6, 2020 7:53am Nov 6, 2020 7:53am
Quoting ZTrader123
Wait I forgot, what does NFP do to the market again? Cuz currently nothing happened??
Normally, GU should selling massively within the 1st 5m when the Actual result NFP is positive against the prediction.
However, we aren't seeing any much move yet or the opposite because US is struggling with elections issues and NFP seems to have a little significance in the market today.
So either you wait for a confirmation, wait or trade with caution and with good management.
  • #557,568
  • Nov 6, 2020 7:53am Nov 6, 2020 7:53am
Long for time unless something drastic happens in the election count
Insane in the Brain..
  • #557,569
  • Nov 6, 2020 7:54am Nov 6, 2020 7:54am
H1 is a bullish flag
  • #557,570
  • Nov 6, 2020 7:55am Nov 6, 2020 7:55am
you will not see a fall

if it happens buy all in
Make money by doing the opposite of Giveachance aka loser
  • #557,571
  • Nov 6, 2020 7:58am Nov 6, 2020 7:58am
Quoting fxmasterdxb
{quote} Right now NPF is not the main market mover, its the election news, in addition the results were mixed for usd
not so in my view...Hourly earnings are very important but it's still 2:1...besides we have revised # from the prior month...
Attached Image (click to enlarge)
Click to Enlarge Name: NFP10.2020.PNG Size: 9 KB
Always trade your own plan...I don't provide trading signals.
  • #557,572
  • Nov 6, 2020 7:58am Nov 6, 2020 7:58am
BREAK of 3156 completely reverses the correction back into a trend, should of been buying around the retest of the B swing from the ABC correction @ 3111


or flag as shahab8b has reminded us of the correct term
Follow The Markets Structure - Patience and Discipline
  • #557,573
  • Nov 6, 2020 8:00am Nov 6, 2020 8:00am
Quoting nessus94
you will not see a fall if it happens buy all in
It's a buy through out 1.32270
  • #557,574
  • Nov 6, 2020 8:01am Nov 6, 2020 8:01am
Quoting shahab8b
H1 is a bullish flag
The chart for that
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 123.png Size: 37 KB
  • #557,575
  • Nov 6, 2020 8:05am Nov 6, 2020 8:05am
Bears ... Hold on, it will happen at least to 1.30. just hang on with good money management.
Data + Stat + Risk/Emotions Management
  • #557,576
  • Nov 6, 2020 8:05am Nov 6, 2020 8:05am
Quoting fxmasterdxb
My personal expectation according to what i can see: cable up to 1.3245 at least eu: up to 1.0945 gold: up to 1972 (max 1988)
In the last 16 H1 candlesticks, GU has not been able to break through 3157.
Above that, we GU may hit your prediction of 3245.
Otherwise, we may be going downwards.

On the other hand, if the elections issues be settled by Monday in addition to NFP outcome, we may see GU going below 3000.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7a73ba26d2b1026accab516a0c45c2ae.png Size: 15 KB
Click to Enlarge Name: df6da3e21266eb8d960afaf7693d0ae2.png Size: 150 KB
  • #557,577
  • Nov 6, 2020 8:08am Nov 6, 2020 8:08am
Quoting Georginson
Bears ... Hold on, it will happen at least to 1.30. just hang on with good money management.
But 1,32 first ? 1,33 ? 1,34 ?
Make money by doing the opposite of Giveachance aka loser
  • #557,578
  • Nov 6, 2020 8:09am Nov 6, 2020 8:09am
Quoting Georginson
Bears ... Hold on, it will happen at least to 1.30. just hang on with good money management.
Something tells me same.
The word here is "GOOD MONEY MANAGEMENT'
  • #557,579
  • Nov 6, 2020 8:13am Nov 6, 2020 8:13am
Quoting nessus94
{quote} But 1,32 first ? 1,33 ? 1,34 ?
It is possible under the current circumstance.
Let's all prepare for surprises.
  • #557,580
  • Nov 6, 2020 8:18am Nov 6, 2020 8:18am
Is GU in range right now?
Attached Image (click to enlarge)
Click to Enlarge Name: 11.06.30M.png Size: 110 KB
Always trade your own plan...I don't provide trading signals.
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