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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

Quoting PatienceFx
{quote} the daily chart gives the reason for slow action {image} {image}
Yes, and I think also that everyone is keeping their money out of the market until after the USA news.
I am neither brave nor stupid...I am just a part time trader
Quoting eyefeelsix
{quote} target reached, take profits and U-turn to short atm {image}
my PA updated :
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~ Read and Ride
Pound is at 1.18 today.
Wow another slow day, only 1 big candle due to GBP Claimant news then resumed sideways immediately.

I guess action only comes after the USD high impact news later in about 2 hours?
GBPUSD only, M15 timeframe only. Fixed SL (-2.50%) & TP (+3.75%), R/R: 1.5x
I also expect a drop. As much as the price wants to go higher. I see the maximum rise for today at 1.17800-1.1800
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I pray to rain of GOLD from the sky for you and me
usdjpy prices aat 61.8% fib beware of possible uptrend !!!
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Mostly Scalps and rarely few swings
Quoting buffedmage
usdjpy prices aat 61.8% fib beware of possible uptrend !!! {image}
That's interesting. Now, if I were the banks what would I do? So I had the price at 145 and now it's at 142.25. I would use these news today to crash the price lower to 139.50 to get buyers out of there. Then, of course when we get more sellers in, at 75/25 ratio, then push the price up yet again.
Quoting Matej.FX
{quote} That's interesting. Now, if I were the banks what would I do? So I had the price at 145 and now it's at 142.25. I would use these news today to crash the price lower to 139.50 to get buyers out of there. Then, of course when we get more sellers in, at 75/25 ratio, then push the price up yet again.
indeed big plyers do manipulation
Mostly Scalps and rarely few swings
Quoting Matej.FX
{quote} Hhahahahahahahhahahah ajajajajaj 50 Euros. This had me laughing hard..
Which was the low within the past 3 days cadchf?

and when exactly?
OPPT 1776 UCC 1-308
Quoting Indiara
{quote} Thank you Yes, getting the news direction right is really just a guess, and if the action jumps up and down (and the spread like you say) it could be dangerous. Better to take a small win or a small loss and try again another time. I saw a saying somewhere, I don't know where, but it said that 'You can only trade tomorrow, is you survive today". I didn't forget this advice

The saying is sooooooooooo true.....
Capital preservation rule 1
Capital preservation rule 2
Capital preservation rule 3
Trade safe.........
Quoting Otiken
{quote} The saying is sooooooooooo true..... Capital preservation rule 1 Capital preservation rule 2 Capital preservation rule 3 Trade safe.........
Yes it's true, with no capital there can be no trading!
I am neither brave nor stupid...I am just a part time trader
Quoting robinhood1
{quote} which was the low within the past 3 days cadchf?
0.73821, 0.73500, 0.73200
Quoting Matej.FX
Pound is at 1.18 today.
It could be depends on the red sticker data from the US later. If inflation has dropped a bit the pound could see 118
Quoting buffedmage
{quote} indeed big plyers do manipulation

  1. no matter how big somebody is
  2. no matter how much money they have
  3. they all trade in 0.01 lots , one million orders of 0.01 each and so one
  4. orders take a huge time to complete and it is all automated by computers

Quoting Robinhood1
{quote} Which was the low within the past 3 days cadchf? and when exactly?
0.7313 on the 12th around 23 hours GMT+1
OPPT 1776 UCC 1-308
Quoting Matej.FX
{quote} 0.73821, 0.73500, 0.73200
wrong
OPPT 1776 UCC 1-308
I know the Pound is going up today. It's crystal clear this will happen. Also, in that moment when everyone starts to think this could be a reversal, you should start selling.
Quoting Robinhood1
{quote} wrong
right
US10Y
Gap down 13bps
They know something we dont.
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US02Y
Gap down 22bps
Attached Image (click to enlarge)
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Does the swap market reduce the 80% chance for 75bps to <20% chance. Or 50bps?
We will probably know at CPI report.
Anyhow, the yield is showing weakness on USD with US10Y approaching a good support.
W trades - L Trades = Net Profit
Quoting Robinhood1
{quote} wrong
What are you trying at? To see if I have same lows as you have or?
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