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Cable Update (GBPUSD)

  • #621,201
  • Sep 3, 2021 7:53am Sep 3, 2021 7:53am
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hit weekly resistance area 3852 i think 3883
  • #621,202
  • Sep 3, 2021 7:56am Sep 3, 2021 7:56am
We just wicked into h1 supply

I got in long after the retrace to break those highs around 1.39 as mentioned

We're up here to stop out traders who are already short so destinations seem obvious to me, maybewrong

still want to short higher up see what happens
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  • #621,203
  • Sep 3, 2021 7:56am Sep 3, 2021 7:56am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #621,204
  • Sep 3, 2021 7:58am Sep 3, 2021 7:58am
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  • #621,205
  • Sep 3, 2021 7:58am Sep 3, 2021 7:58am
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yes yes yes
  • #621,206
  • Sep 3, 2021 7:58am Sep 3, 2021 7:58am
Quoting PElago
Price action is telling me NFP is going to be negative, prompting short term drop in price for a continued bullish move. Let's wait and see.
bought at the close of the NFP candle. Realized i wasn't going to get my desired entry point. NFP candle closing bullish with the long wick gave me bullish confirmation.

Reasons:
NFP candle Closed back within the range so bears took that as price rejection, and an indication to sell and bulls that took the breakout trade either got stopped out or closed expecting price to reverse.

Target at 1.3900
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  • #621,207
  • Sep 3, 2021 8:00am Sep 3, 2021 8:00am
Quick scalp
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  • #621,208
  • Sep 3, 2021 8:01am Sep 3, 2021 8:01am
Quoting Cr4zy
Quick scalp {image}
  • #621,209
  • Sep 3, 2021 8:03am Sep 3, 2021 8:03am
Quoting fxmasterdxb
pump before the dump? seems like it, will wait for hour close to decide
not really, we are still in the up swing, no shorts for me
  • #621,210
  • Sep 3, 2021 8:03am Sep 3, 2021 8:03am
The NFP was way off expected, however June and July's numbers were revised to add an additional 134,000. So net jobs added were +369,000 not +235,000 jobs. News was a huuuge downside surprise, but with the revision it's not as bad as the headline would suggest. Still a big enough miss to push the Fed's taper back to December?? Lets wait and see, this afternoon could be interesting.
  • #621,211
  • Sep 3, 2021 8:04am Sep 3, 2021 8:04am
Went long at 13834 open tp SL move to b/e moved
Insane in the Brain..
  • #621,212
  • Sep 3, 2021 8:05am Sep 3, 2021 8:05am
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3854 SHORT 6 pip stop add at 3820 if ???!! Might long over the blue tl
  • #621,213
  • Sep 3, 2021 8:06am Sep 3, 2021 8:06am
Quoting Moty
{image}
That 139050 is my initial thinking too. Enough to go over and also a position that can reverse too
Insane in the Brain..
  • #621,214
  • Sep 3, 2021 8:11am Sep 3, 2021 8:11am
Quoting Bones
its safe to say thats a confirm right now {image}
yes but dxi close to monthly support 91.984
  • #621,215
  • Sep 3, 2021 8:12am Sep 3, 2021 8:12am
Some lucky trades. I dont consider these as scalping. No methods/plan involved. just gut feeling
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Fools Rushing
  • #621,216
  • Sep 3, 2021 8:16am Sep 3, 2021 8:16am
Quoting gatenio
{quote} yes but dxi close to monthly support 91.984
the weekly will close bearish that is confirm ,
or cable bullish
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #621,217
  • Sep 3, 2021 8:20am Sep 3, 2021 8:20am
Quoting Bones
{quote} the weekly will close bearish that is confirm , or cable bullish
idk bones, really dont.
i prefer to wait for the closing for the confirmation.
i still want to short it close to 3900
  • #621,218
  • Sep 3, 2021 8:22am Sep 3, 2021 8:22am
There’s no luck in trading. One can either trade with a plan to win or no plan to lose. Either way one gets what one has planned for.
  • #621,219
  • Sep 3, 2021 8:23am Sep 3, 2021 8:23am
we can play this game 6 hr to close can bears change it ? ,I'm saying right now they can't in all high probability
next week you can have a more open mind
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #621,220
  • Sep 3, 2021 8:25am Sep 3, 2021 8:25am
Snnneeeeky cable , just leaving us with a teeeser
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