Cable Update (GBPUSD)

Quoting billytt

Disliked

{quote} i tend not to look at news or anything like that, maybe if NFP is around but that is several hours after the uk open,. The more you think the more chance you have top lose. Speaking NFP, i do sometimes trade the retrace after any spike or quick move. That is a fun thing to do. Trade well.

Ignored

Quoting Robinhood1

Disliked

I see Cable long from this moment 1.1166, going above 1.1385 today, monday at the most.

Ignored

Quoting Headland

Disliked

{quote} Yeh, that's a classic data release play isn't it? - buy or sell the 1st pullback after an initial knee-jerk strong reaction. ------------------------------------------------------------------------- 1hr could well close as a bullish engulfing, effective double bottom? 9mins to go.

Ignored

Quoting Pat Chiko

Disliked

HEDGING Just want to understand how hedging works Note : I never hedge, I only use Stop Loss or/and Averaging Up. ( adding more position) Assuming buyer keep on accumulating rising (on the left) still holding position. How they can hedge position now ?. As time goes, their balance is depleting and if not careful, all will be gone. Chart Below on GU.{image} I see price may want to fill up all gap below, as structurally has broken to the bear side now. Last two day saw bear moved 365 pips, with tomorrow NFP, this may go down another 300 pips Anyone...

Ignored

Quoting Indiara

Disliked

{quote} Yes, I was just being silly as his remarks will be received by the market just like snow flakes in a fry pan!

Ignored

Quoting bilal1947

Disliked

GU short 1.11809 - 5 pip SL

Ignored

Quoting Whale

Disliked

Pls don’t drop without me this time chart with my logic path from earlier {image}

Ignored

Quoting Headland

Disliked

{quote} Yeh, that's a classic data release play isn't it? - buy or sell the 1st pullback after an initial knee-jerk strong reaction.

Ignored

Quoting Pat Chiko

Disliked

{quote} Hi Sohail, good morning and wishing you all is well over there. As usual you have a very good sense of what price want to do in finding liquidity. Many , many of your post are reference to finding those level. A person with a very good perspective.. You don't use terms like LQ grab, dumb money, LQ sweep, S&D, S&R et cetera, but you give a very nice price level for me to look for sweet spot. Thanks for sharing those with me (I'm not trying to convince everyone here to agree). A word from me as buddy is we are allowed to make mistakes...

Ignored

Quoting Fardeen1209

Disliked

{quote} I once tried to trade the pullback after a US rate report on a 30mins TF, but the pullback didnt occurred. It was a failed trade. There was a another push in the same direction for the following 30mins candle and fall continued but at a diminishing rate. After 4hr close, then the pullback occurred. Since then, i tried not to trade 1hr after a red report. I buy the rumor and sell the news. The win rate of these type of trade is 50/50 and sometimes more! Either SL or TP. Is there any way we know whether it will good pullback?...

Ignored

Quoting elbert3

Disliked

{image}great candle swop . That’s also a good hedge moment . Bones would of liked that one

Ignored

Quoting Headland

Disliked

{quote} No, I don't think we can know in advance. Just gotta trade what we see. You are right though, the more deviated the actual # (s) are from the previous and forecast the potentially bigger the move. Previous month's revisions can also affect.

Ignored

Quoting Pat Chiko

Disliked

{quote} Whale will find liquidity to fuel their action Push it up a bit ,taking out seller now to SRF. The Trap door is double insulated, we may get some shock there if price approach that support zone. I see this. Anybody are welcome to comment (just don't troll -sick){image} P/S Whale in this context not referring to you personally, but "Whale" is large Institutional /Hedge Fund"

Ignored

Quoting Waveskierrob

Disliked

{quote} ..again Hedging can't be told needs practice and experience but here's a little basic exercise to try out on demo, BUY/SELL @ same price no SL, 1 pip TP both ways when one hits and closes, place that same trade on again, repeat all day, remember just an exercise, if anybody tries this out, please post you findings....

Ignored