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Cable Update (GBPUSD)

  • #587,781
  • Apr 2, 2021 7:39am Apr 2, 2021 7:39am
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"
  • #587,782
  • Edited 7:52am Apr 2, 2021 7:39am | Edited 7:52am
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
The Average Discount Everything
  • #587,783
  • Apr 2, 2021 7:42am Apr 2, 2021 7:42am
Added short pos @ 3840
Air force
  • #587,784
  • Apr 2, 2021 7:42am Apr 2, 2021 7:42am
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.
  • #587,785
  • Apr 2, 2021 7:44am Apr 2, 2021 7:44am
#USDX (Dollar Index) not moving !!!
very strange !!!!
  • #587,786
  • Apr 2, 2021 7:46am Apr 2, 2021 7:46am
Quoting ServerUang
#USDX (Dollar Index) not moving !!! very strange !!!!
Us market still closed and London not open today, that’s why I suppose
  • #587,787
  • Apr 2, 2021 7:46am Apr 2, 2021 7:46am
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
  • #587,788
  • Apr 2, 2021 7:47am Apr 2, 2021 7:47am
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.
  • #587,789
  • Apr 2, 2021 7:48am Apr 2, 2021 7:48am
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!
  • #587,790
  • Apr 2, 2021 7:51am Apr 2, 2021 7:51am
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...

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Follow The Markets Structure - Patience and Discipline
  • #587,791
  • Apr 2, 2021 7:53am Apr 2, 2021 7:53am
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
  • #587,792
  • Apr 2, 2021 7:56am Apr 2, 2021 7:56am
NEXT 1.38921
Like me, cuts losses quickly. But has more patience and lets his winn
  • #587,793
  • Apr 2, 2021 7:56am Apr 2, 2021 7:56am
Inserted Video
The Average Discount Everything
  • #587,794
  • Apr 2, 2021 7:59am Apr 2, 2021 7:59am
Quoting Ehsank78
{quote} I believe NYSE is closed today
You are right, thanks.

They are open again on Monday although the UK markets will still be closed.
  • #587,795
  • Apr 2, 2021 8:00am Apr 2, 2021 8:00am
Quoting Ehsank78
{quote} I believe NYSE is closed today
Google says they open today. Sunday seems to be the holiday.
  • #587,796
  • Apr 2, 2021 8:01am Apr 2, 2021 8:01am
According to the NFP news,

GBPUSD should be go down a bit for now.
  • #587,797
  • Apr 2, 2021 8:02am Apr 2, 2021 8:02am
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yes yes yes
  • #587,798
  • Apr 2, 2021 8:04am Apr 2, 2021 8:04am
Quoting mysterio
{quote} 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
I agree that the area is good for shorting, but what I meant was the spike up just now. A game-changer for me is if price breaks last week's high (around 1.3875)...until then, my bias is bearish for the pair.
  • #587,799
  • Apr 2, 2021 8:05am Apr 2, 2021 8:05am
If retail has power then the target price is 1.38980, but retail does not have the power to move prices ... if you don't believe in selling as much as possible, the price will go up
The Average Discount Everything
  • #587,800
  • Apr 2, 2021 8:07am Apr 2, 2021 8:07am
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