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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Moty
{image}
moty when did you change trade? where is your sell? omg
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All my analysis is based on Wyckoff Methods
I was wrong.

The NFP data was better than the forecast.
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Spring shoot xD and calm
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting mysterio
Waiting for red area for more short Bull party in full flow across majors, nice to see {image}
Still valid for me. Market gravitated to the upper TL for NFP. Let's see where the daily closes to confirm direction, might not know until next week.

Hahaha of course it starts flying up just as I post
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The lee enter the gate , i love that spring to confirm . Loaded buy much when spike . Happy weekend $$
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
the market structure in each timeframe is opposite, so you should not open a position ... if retail buying is dominant then the price drops, and if retail selling is dominant then the price will go up ....... market maker will hedge the position after obtaining profit from a few pips, so the price will zigzag in a small timeframe .... Mr. President Biden wants prices to rise ..... NFP data is good ..... market makers want to profit from opening retail positions .......... then prices will go up or down in contrast to dominant retail orders .. .. the stop hunting plugin will work to find retail stop loss positions .... if there are not many retail orders, the market maker will be confused about moving prices up or down .... better retail wacth only before direction is clear
All my analysis is based on Wyckoff Methods
Added short pos @ 3840
HIMARS o'clock
Quoting mysterio
{quote} Still valid for me. Market gravitated to the upper TL for NFP. Let's see where the daily closes to confirm direction, might not know until next week. Hahaha of course it starts flying up just as I post
Might've been a good area to short.
#USDX (Dollar Index) not moving !!!
very strange !!!!
Quoting ServerUang
#USDX (Dollar Index) not moving !!! very strange !!!!
Us market still closed and London not open today, that’s why I suppose
Quoting Kaysole
{quote} Might've been a good area to short.
Yea, for me it is a big shorting area I won't buy around here personally. Different story if we start breaking above 1.3850 though
Data was better than expected so this should be going down. Spikes on either side. Price back below daily open as well as yesterday's high, so might be a good place to go short. Lack of volume isn't helping. Might get a clearer direction when the NYSE opens in about 45 minutes.
Quoting ServerUang
#USDX (Dollar Index) not moving !!! very strange !!!!
Today is bank holiday. They are off work, no buy and no sell. I expect that today's movement will be very limited!
Quoting pipfarm
For NFP, i will be standing aside for the moment however looking at the hourly we now have a possible abc correction with its internal structure visible on 15 minute, so for further upside a structure break above 3841 is needed with a close above. Although the daily did create a trend up within its internal structure as seen on 4H it has not broken to the upside to change the current weekly downside swing so it is possible the daily move up is corrective and we see a downside move but a structure break below 3704 would be needed to confirm further...

Whipsaw city

If you think only reading mark douglas trading in the zone will make you a successful trader think again, first you need a positive expectancy method to trade and if your method is profitable over the long term but you struggle with following it then this book may help with that.

Personally once i established a profitable method to trade i found the psychology irrelevant as the method gave me the belief to follow what i do.
Follow The Markets Structure - Patience and Discipline
Quoting ia1979
Data was better than expected so this should be going down. Spikes on either side. Price back below daily open as well as yesterday's high, so might be a good place to go short. Lack of volume isn't helping. Might get a clearer direction when the NYSE opens in about 45 minutes.
I believe NYSE is closed today
NEXT 1.38921
Like me, cuts losses quickly. But has more patience and lets his winn
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All my analysis is based on Wyckoff Methods
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