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Cable Update (GBPUSD)

  • #606,621
  • Jul 2, 2021 8:12am Jul 2, 2021 8:12am
Quoting IBabyTrader
Note: This is just my view, no obligations, use your own risk management :-) Today's NFP may fall short of expectations and Powell's creation of high expectation combined with reversal of wage gain reverse with respect to previous trends, may trigger other currencies bring back dollar to the ground. So, I will be long, but will be trading cautiously with good RR. Ggreen pips to you all. Please share your valuable opinions and superb charts as usual.
Happy days, went long with my prediction, still have my previous longs on 1.39xx to reach too :-( .
  • #606,622
  • Jul 2, 2021 8:12am Jul 2, 2021 8:12am
Quoting Headland
{quote} Un-emp rate went up to 5.9% from 5.8% not down as forecast tp 5.6% and av hrly earnings too got revised down re last mth's figure...so complicated the headline # ...Actually, the answer is - because that's what the market decided.
You explained very clearly and well. thank you
success comes from finding win-win solutions
  • #606,623
  • Jul 2, 2021 8:13am Jul 2, 2021 8:13am
Quoting info4saeed
one question . The NFP number is higher than the previous number and should have been in favor of the dollar, so why the opposite
claims are higher than expected which is bad news for the treasury which pays them off, also its in line with the bad jobless figure. higher claims equals higher unemployment percentage
My Currency is Urgency
  • #606,624
  • Jul 2, 2021 8:13am Jul 2, 2021 8:13am
138-13830?
Insane in the Brain..
  • #606,625
  • Jul 2, 2021 8:13am Jul 2, 2021 8:13am
Quoting kris89
Im selling now , let it goes on weekend
bold move...

ksatria bergitar bang haji rhoma .
Trade with prediction = witch with her visions lol
  • #606,626
  • Jul 2, 2021 8:14am Jul 2, 2021 8:14am
Quoting IBabyTrader
{quote} Happy days, went long with my prediction, still have my previous longs on 1.39xx to reach too :-( .
I did too till this morning but realised that’s not gonna make money so took a huge hit

now long at 13780 TP 13830 but manual TP 13810
Insane in the Brain..
  • #606,627
  • Jul 2, 2021 8:15am Jul 2, 2021 8:15am
BTW, if there are any swing traders who are willing to share/impart some knowledge on HOW you guys are reacting to this would be great. Lets say that you've been short from 1.42/1.41. Do you guys take profits, or hold, or scaling in more shorts here? I am interested in knowing how swing traders think, because IMO, once you guys take profits, I think we're gonna see a short squeeze higher.

Much appreciated, thank you

BTW, happy weekend guys!
  • #606,628
  • Jul 2, 2021 8:15am Jul 2, 2021 8:15am
Quoting clocktrade
{quote} I am so confused!!
2 reasons,

1. unemployment data came out worse than forecast
2. Price was already oversold in Lower time frames and needed to rise before fall resumption.
Data + Stat + Risk/Emotions Management
  • #606,629
  • Jul 2, 2021 8:16am Jul 2, 2021 8:16am
Come on Pound ££££££££££££££ you should be get tired with just a 30 pip rally, that is too little. Why on earth it is struggling at 1.378xx, long way to go.
  • #606,630
  • Jul 2, 2021 8:18am Jul 2, 2021 8:18am
Attached Image (click to enlarge)
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yes yes yes
  • #606,631
  • Jul 2, 2021 8:19am Jul 2, 2021 8:19am
Attached Image (click to enlarge)
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It's still more enough space to go up
Now movement freakin me out ...
Everything is possible but not guaranteed
  • #606,632
  • Jul 2, 2021 8:22am Jul 2, 2021 8:22am


now what...
Attached Image (click to enlarge)
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Trade with prediction = witch with her visions lol
  • #606,633
  • Jul 2, 2021 8:23am Jul 2, 2021 8:23am
Quoting Nd10
{quote} Narrow escape
Yeah, narrow escape for the opposing army.

Luckily my army decided to fall back for regroup, if not , we may reach the moon tonight....lol

See pic.


Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #606,634
  • Jul 2, 2021 8:23am Jul 2, 2021 8:23am
Quoting IBabyTrader
Come on Pound ££££££££££££££ you should be get tired with just a 30 pip rally, that is too little. Why on earth it is struggling at 1.378xx, long way to go.
Thats maybe Leon put giant thick dome from above....
Everything is possible but not guaranteed
  • #606,635
  • Jul 2, 2021 8:25am Jul 2, 2021 8:25am
Quoting Pat Chiko
{quote} Yeah, narrow escape for the opposing army. Luckily my army decided to fall back for regroup, if not , we may reach the moon tonight....lol See pic. {image}
cannot be today. Next week
How to succeed in zero sum game?
  • #606,636
  • Jul 2, 2021 8:25am Jul 2, 2021 8:25am
Quoting Pat Chiko
{quote} Yeah, narrow escape for the opposing army. Luckily my army decided to fall back for regroup, if not , we may reach the moon tonight....lol See pic. {image}
Trade with prediction = witch with her visions lol
  • #606,637
  • Jul 2, 2021 8:26am Jul 2, 2021 8:26am
Quoting dimitricss
now what... {image}
Lets dive below 1.37
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #606,638
  • Jul 2, 2021 8:26am Jul 2, 2021 8:26am
Quoting dimitricss
now what... {image}
Attached Image (click to enlarge)
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waiting momentum kang...
Everything is possible but not guaranteed
  • #606,639
  • Jul 2, 2021 8:27am Jul 2, 2021 8:27am
Quoting dimitricss
now what... {image}
To the moon....???
Attached Image (click to enlarge)
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  • #606,640
  • Jul 2, 2021 8:28am Jul 2, 2021 8:28am
Quoting Pat Chiko
{quote} Yeah, narrow escape for the opposing army. Luckily my army decided to fall back for regroup, if not , we may reach the moon tonight....lol See pic. {image}

very insightful.. lets call it the moon pattern from now on!
My Currency is Urgency
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