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Cable Update (GBPUSD)

  • #693,181
  • Oct 7, 2022 5:25am Oct 7, 2022 5:25am
Quoting Pat Chiko
{quote} Where's my donuts ?
I wait for NFP to earn some money. If I get it right I'll have for a donut, if not..

Also, I thought you'll grow to hate donuts since you were arrested and you know... cops, donuts...
Perhaps you are a snitch and are working undercover now..

Actually, NO DONUTS FOR YOU!
  • #693,182
  • Oct 7, 2022 5:26am Oct 7, 2022 5:26am
GU and GJ make an equal tap. Take a sell position. Modest SL. Bring to BE when clear and safe. You choose the TP. Have a great weekend
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Emotional Control. Process, not outcome.
  • #693,183
  • Oct 7, 2022 5:27am Oct 7, 2022 5:27am
DXy
or ?
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More time in the market, does not mean you trade better!
  • #693,184
  • Oct 7, 2022 5:28am Oct 7, 2022 5:28am
Quoting Robinhood1
https://en.wikipedia.org/wiki/Carajillo {image}
Delicioso
I am neither brave nor stupid...I am just a part time trader
  • #693,185
  • Oct 7, 2022 5:29am Oct 7, 2022 5:29am
Quoting parisboy
{quote} Trend is UP The Neckline is more or less equal to the Centered Moving Average 256 Time Units which is UP (+ 11°) Centerd Moving Average 128 Time Units is UP too (+ 22°)
Thanks, can I draw something like this.
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some noob drawing... sorry
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,186
  • Oct 7, 2022 5:29am Oct 7, 2022 5:29am
dx is at strong support 112
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yes yes yes
  • #693,187
  • Oct 7, 2022 5:32am Oct 7, 2022 5:32am
Quoting Bryan5229
This is the part where many traders are going to get trapped by the market.
Yeeah Brain....

The best part is both BUYER and SELLER got trapped and spikes one after another
It's cruel world....

Trade Safe & Wishing you green pips on NFP
Take Care

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,188
  • Oct 7, 2022 5:37am Oct 7, 2022 5:37am
Quoting genadi
{quote} Is she your wife?
Don't ask, you may end up like this.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,189
  • Oct 7, 2022 5:38am Oct 7, 2022 5:38am
Quoting Bryan5229
This is the part where many traders are going to get trapped by the market.
Unless you trade both ways...
  • #693,190
  • Oct 7, 2022 5:38am Oct 7, 2022 5:38am
Long 1.1185

ignore the path.. follow the money
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  • #693,191
  • Oct 7, 2022 5:39am Oct 7, 2022 5:39am
...so we've got 4hr bullish hidden div @ current dly lo and now 1hr bearish hidden div @ current dly hi with a nice 5min bearish regular div play to time entry.
Price seems happy to bounce around in a fairly/relatively tight pip range so far today, probably awaiting NFP?
---------------------------------
...upcoming U.s NFP has a recent habit of surprising to the upside (generally) but the evidence leading up to it this time is of a soft number. How soft (or indeed hard) no one knows yet. We all know the scenarios and likely market reactions to them, but, as always, let price be our guide. Trade what we see.
---------------------
1hr x2, then 4hr, below
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Trader with an Edge.
  • #693,192
  • Oct 7, 2022 5:44am Oct 7, 2022 5:44am
Quoting Waveskierrob
{quote} Unless you trade both ways...
Double trouble.
It may get spike both way, as I trade using Stop Loss.

Unless one no use SL, then spike won't matter.
Putting stop small and try to get big return.
Photo illustration below explain..
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,193
  • Oct 7, 2022 5:45am Oct 7, 2022 5:45am
The market is rather quiet today, looks like no one wants to commit before NFP.

By the way, I wanted to ask people who worked on the bank's / broker's side: what happens exactly when news are released and we see a rapid price movement? Is there a lot of new orders incoming, or maybe the existing orders are being pulled out? Or is there order imbalance even before the news, e.g., more buy orders than sell orders above certain level, and as the price moves, we see snowballing effect?
  • #693,194
  • Oct 7, 2022 5:48am Oct 7, 2022 5:48am
Quoting VM.
The market is rather quiet today, looks like no one wants to commit before NFP. By the way, I wanted to ask people who worked on the bank's / broker's side: what happens exactly when news are released and we see a rapid price movement? Is there a lot of new orders incoming, or maybe the existing orders are being pulled out? Or is there order imbalance even before the news, e.g., more buy orders than sell orders above certain level, and as the price moves, we see snowballing effect?
That is a damn good question.
Hope the "used-to-be form part of market maker" answer this question
More time in the market, does not mean you trade better!
  • #693,195
  • Oct 7, 2022 5:50am Oct 7, 2022 5:50am
Are there a lot of planes flying around at where you live and are disposing off some white shit in the sky? The sky where I live is basically white from all of these damn planes..
Wonder if it's also where you live too..

And no, this is definitely not normal!
I know what normal trail looks like!
  • #693,196
  • Oct 7, 2022 5:50am Oct 7, 2022 5:50am
Quoting Pat Chiko
{quote} Double trouble. It may get spike both way, as I trade using Stop Loss. Unless one no use SL, then spike won't matter.
...or just have TP's ....or BUY/SELL pending orders far apart with small TP's ...the list is endless...
  • #693,197
  • Oct 7, 2022 5:53am Oct 7, 2022 5:53am
Quoting TheWolf
Are there a lot of planes flying around at where you live and are disposing off some white shit in the sky? The sky where I live is basically white from all of these damn planes.. Wonder if it's also where you live too.. And no, this is definitely not normal! I know what normal trail looks like!
Yes.
  • #693,198
  • Oct 7, 2022 5:53am Oct 7, 2022 5:53am
Quoting TheWolf
Are there a lot of planes flying around at where you live and are disposing off some white shit in the sky? The sky where I live is basically white from all of these damn planes.. Wonder if it's also where you live too.. And no, this is definitely not normal! I know what normal trail looks like!
It is not some white shit. The planes are spreading some positivity in the atmosphere.
More time in the market, does not mean you trade better!
  • #693,199
  • Oct 7, 2022 6:01am Oct 7, 2022 6:01am
Quoting TheWolf
Are there a lot of planes flying around at where you live and are disposing off some white shit in the sky? The sky where I live is basically white from all of these damn planes.. Wonder if it's also where you live too.. And no, this is definitely not normal! I know what normal trail looks like!
Hey Wolf,
do you live in Zagreb or Split.
If you're in Split, I may want to come there after Christmas long holiday.

Promise you don't eat me.

BTW, the white stuff is pre-ops for snow coming next month.
They are running trail to test snow machine.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,200
  • Oct 7, 2022 6:06am Oct 7, 2022 6:06am
Quoting Pat Chiko
{quote} Double trouble. It may get spike both way, as I trade using Stop Loss. Unless one no use SL, then spike won't matter. Putting stop small and try to get big return. Photo illustration below explain..{image}
I'm not sure, I'm right or not but if the spike really quick, sl not working, also as pending orders... have seen such stuff several times in my terminal, maybe cause' a broker, I dunno...
Edited: it's like they work but when the price already gone
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