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Cable Update (GBPUSD)

  • #620,541
  • Sep 1, 2021 8:05am Sep 1, 2021 8:05am
Quoting Pat Chiko
{quote} GU Stopped out by Spike. No trade open. {image}
Same PAT

Can't say I have a great read on things this week. DXY was compressing on a support and showing signs of reversing up which was part of the basis for this. Then ADP choke slammed it.

Probably safe to assume we'll travel back to the h4 supply above 1.38 and reach the top of the wedge before another setup presents itself for me

I have to remember not to force it at this stage, having made it to Wednesday without a bean to show for it it's not unusual for a big money Thurs/Fri to present itself if I just keep cool

I do think 92.4 will support again on DXY. I feel like it's not uncommon for the market to react negatively to a gross undershoot of jobs forecast only to recover when it realises when the numbers aren't bad it was just the forecast that was ridiculous
  • #620,542
  • Sep 1, 2021 8:05am Sep 1, 2021 8:05am
Wait for next red news - ISM Manufacturing PMI

Next trade on the card with set up.

Attached Image (click to enlarge)
Click to Enlarge Name: ISM.JPG Size: 87 KB
deleted broker name - don't like to promote broker.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,543
  • Sep 1, 2021 8:08am Sep 1, 2021 8:08am
Quoting Pat Chiko
Wait for next red news - ISM Manufacturing PMI Next trade on the card with set up. {image}deleted broker name - don't like to promote broker.
and that’s why my SL is hedged high so I walk out in profit
Insane in the Brain..
  • #620,544
  • Sep 1, 2021 8:08am Sep 1, 2021 8:08am
Quoting Waveskierrob
{quote} big spike happening sooner, come on Maheeee where's your magic

Need your business partner to bring hammer time

Please advise ASAP

Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,545
  • Sep 1, 2021 8:09am Sep 1, 2021 8:09am
Quoting mysterio
{quote} Same PAT Can't say I have a great read on things this week. DXY was compressing on a support and showing signs of reversing up which was part of the basis for this. Then ADP choke slammed it. Probably safe to assume we'll travel back to the h4 supply above 1.38 and reach the top of the wedge before another setup presents itself for me I have to remember not to force it at this stage, having made it to Wednesday without a bean to show for it it's not unusual for a big money Thurs/Fri to present itself if I just keep cool I do think...
any suggestions why it failed?
  • #620,546
  • Sep 1, 2021 8:10am Sep 1, 2021 8:10am
Quoting BeeTogether
{quote} and that’s why my SL is hedged high so I walk out in profit
Bee, I always put tight SL coz am very stingy person.

If SL is too wide, I may pee in my pants.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,547
  • Sep 1, 2021 8:11am Sep 1, 2021 8:11am
Up up.and the mf fooled me again
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 09-01-2021 16.08.jpg Size: 125 KB
yes yes yes
  • #620,548
  • Sep 1, 2021 8:13am Sep 1, 2021 8:13am
Quoting Moty
Up up.and the mf fooled me again {image}
It’s dropping now dude need the rocket
Insane in the Brain..
  • #620,549
  • Sep 1, 2021 8:13am Sep 1, 2021 8:13am
Quoting Pat Chiko
{quote} Bee, I always put tight SL coz am very stingy person. If SL is too wide, I may pee in my pants.
lol
I should try that peed way too many times
Insane in the Brain..
  • #620,550
  • Sep 1, 2021 8:16am Sep 1, 2021 8:16am
Quoting pipfarm
{quote} Taken profit at 3786 rejection bar on 15 min , not a good way to exit but i hate retest trades, so better take profit than end up losing the profit
Open more positions. Take profit with one and let the other run with SL at BE.
We cut the winners short and let the losers run.
  • #620,551
  • Sep 1, 2021 8:16am Sep 1, 2021 8:16am
Quoting BeeTogether
{quote} lol I should try that peed way too many times
GU

News in 15 mins

Dive dive.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 001.JPG Size: 80 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,552
  • Sep 1, 2021 8:16am Sep 1, 2021 8:16am
Quoting PElago
{quote} Just for the record, I think price will drop back to 1.37445 before reaching 1.3800. or rather hopeful because i want to load up more buys.
....
  • #620,553
  • Sep 1, 2021 8:16am Sep 1, 2021 8:16am
Quoting mysterio
{quote} Same PAT Can't say I have a great read on things this week. DXY was compressing on a support and showing signs of reversing up which was part of the basis for this. Then ADP choke slammed it. Probably safe to assume we'll travel back to the h4 supply above 1.38 and reach the top of the wedge before another setup presents itself for me I have to remember not to force it at this stage, having made it to Wednesday without a bean to show for it it's not unusual for a big money Thurs/Fri to present itself if I just keep cool I do think...
Attachment g@Mysterio as you can see, Dxy already broke off the trendline on D1. Yes, it retested the descending trendline to buttress the reverse candle formed. Which it successfully. So the free fall again was expected IMO. The rectangle is where i expect some form of support on dxy which may help USD. Had pending order on 1.37200 having anticipated the slight upward move but alas it got 1.373 and pumped up. My target was 1.38 Which is about to hit. So waiting for another one.
That's my opinion boss
  • #620,554
  • Sep 1, 2021 8:18am Sep 1, 2021 8:18am
Quoting Pat Chiko
{quote} GU News in 15 mins Dive dive. {image}
No in half hour… in 15 mins I only see Cad related news which is yellow sticker PMi in 30 mins and 45 mins
Insane in the Brain..
  • #620,555
  • Sep 1, 2021 8:19am Sep 1, 2021 8:19am
Quoting genadi
{quote} any suggestions why it failed?
The chart/ price never failed

I failed to analyse correctly, got it right first time, then change posittion coz no confidence
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,556
  • Sep 1, 2021 8:24am Sep 1, 2021 8:24am
Quoting BeeTogether
{quote} No in half hour… in 15 mins I only see Cad related news which is yellow sticker PMi in 30 mins and 45 mins
YES correct.

Thanks for the correction.

I want to short again at 1.38000. Hammer time.

Attached Image
"M" is losing patience.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,557
  • Sep 1, 2021 8:26am Sep 1, 2021 8:26am
Dx mf is going down
Took long gold to 1832
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 09-01-2021 16.25.jpg Size: 98 KB
yes yes yes
  • #620,558
  • Sep 1, 2021 8:29am Sep 1, 2021 8:29am
Quoting Pat Chiko
{quote} The chart/ price never failed I failed to analyze correctly, got it right first time, then change position coz no confidence
My unsolicited advice:

Todays lesson, stick to bias, especially if price is ranging, a lot of people switch positions because the range often gives both buy and sell signals. It's better to be wrong while sticking to your conviction, you'll be able to analyze what you did wrong and learn from that.

You should however have signals that negate your bias, but your bias being negated does not mean you should just take the opposite trade, it means wait and go back to the drawing board for fresh analysis.
  • #620,559
  • Sep 1, 2021 8:29am Sep 1, 2021 8:29am
GU

"M" , you better hammer here.

1.38000

gimme 100 pips down.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 002.jpg Size: 77 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,560
  • Sep 1, 2021 8:32am Sep 1, 2021 8:32am
Quoting Pat Chiko
GU "M" , you better hammer here. 1.38000 gimme 100 pips down. {image}
SHORT 1.3790 no TP no SL, lets go to hell
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