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Cable Update (GBPUSD)

  • #703,901
  • Nov 4, 2022 7:45am Nov 4, 2022 7:45am
Quoting kuroro001
So very good NFP but bad employment rate + Jean-Pierre said the next months will be 150k....she knows already? USD bears could front run the move, watch out
If 4H closes above 1.1200, the position will be better to climb.
The pound has shown in recent weeks (with more important news) that it does not have much desire to go below 1.0300, but it has to be seen that it will succeed, so far, the drops have been sharp & sharp.
There is nothing wrong with being kind & loving to each other
  • #703,902
  • Nov 4, 2022 7:49am Nov 4, 2022 7:49am
GU short at 1.1230 - 10 pip SL

Update: SL HIT
"Exchange of hands"
  • #703,903
  • Nov 4, 2022 7:50am Nov 4, 2022 7:50am
Quoting PapaSmurf-fx
{quote} Consider this.... no need to make a trade call... but if you share your chart and let someone see what you are seeing(with out a trade call) It helps those of us who are learning to see what you and others are seeing and reasoning behind what you are seeing. You can help others become good traders without calling out a trade. I don't understand the resistance. I am new at this and never take anyone's suggested trade...simply because I want to be sure about why I am taking a trade and want to know that the probability of success is more on...
i posted charts on gu and eu a few months ago and they hit targets but i was in drawdown with both pairs and i added to those positions even when i was in loss. So if someone follows me there would be a good chance they might have took a loss when i was building positions. So unless you understand how i trade the chart would be quite useless to you. You could end up taking the loss then see it going to my target the next day or the next week. Thats why i stopped posting them. I think the eu and gu trades a posted are on my thread.

I also posted on Dax which eventually hit long term target but again i was in drawdown for a week i think before the bugger moved. Guys with no patience or understanding of risk woulda probably pulled out with a loss or worse
  • #703,904
  • Nov 4, 2022 7:50am Nov 4, 2022 7:50am
To the upside 1350 is the level I marked in my chart.

Down side , currently 1145. stop level.

Wide range.
Intraday only.
  • #703,905
  • Nov 4, 2022 7:50am Nov 4, 2022 7:50am
ima hit 10k% in one week lets goo
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  • #703,906
  • Nov 4, 2022 7:50am Nov 4, 2022 7:50am
what a spike
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!! Radha Radha !!
  • #703,907
  • Nov 4, 2022 7:50am Nov 4, 2022 7:50am
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My shorts were manually stoped as shown . . . . ASIDE now , watching .

  • #703,908
  • Nov 4, 2022 7:54am Nov 4, 2022 7:54am
Quoting T721
{quote} Hope so. im short gu and eu so double risk
I hope you jumped out of those shorts quickly with a smile on your face.
  • #703,909
  • Nov 4, 2022 7:58am Nov 4, 2022 7:58am
Bought at @1.1190 now clear half
  • #703,910
  • Nov 4, 2022 7:59am Nov 4, 2022 7:59am
  • #703,911
  • Nov 4, 2022 7:59am Nov 4, 2022 7:59am
Quoting RaHaG0D
{quote} If 4H closes above 1.1200, the position will be better to climb. The pound has shown in recent weeks (with more important news) that it does not have much desire to go below 1.0300, but it has to be seen that it will succeed, so far, the drops have been sharp & sharp.
Could be in process here
Thing if FED sees a peak of 4.4 US unemployment, it increased 0.2% already, and from what White House said things won't get better
If CPI next week is weaker (below 8%) then we shall see a monster rally in risky assets until Xmas

So many if though
COT: The precious data ignored
  • #703,912
  • Nov 4, 2022 8:00am Nov 4, 2022 8:00am
So US data was good but GU went up
Insane in the Brain..
  • #703,913
  • Nov 4, 2022 8:01am Nov 4, 2022 8:01am
Quoting BeeTogether
So US data was good but GU went up
Thats how it should be
How to succeed in zero sum game?
  • #703,914
  • Nov 4, 2022 8:02am Nov 4, 2022 8:02am
EURO retest good or not ? we'll see in the coming days
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COT: The precious data ignored
  • #703,915
  • Nov 4, 2022 8:02am Nov 4, 2022 8:02am
Quoting BeeTogether
So US data was good but GU went up
the beauty of market
  • #703,916
  • Nov 4, 2022 8:02am Nov 4, 2022 8:02am
Quoting BeeTogether
So US data was good but GU went up
Because of the slight uptick in US unemployment %. There's a greater chance the Fed will ease the tightening if next week's CPI is weaker.
  • #703,917
  • Nov 4, 2022 8:03am Nov 4, 2022 8:03am
Quoting PapaSmurf-fx
{quote} Consider this.... no need to make a trade call... but if you share your chart and let someone see what you are seeing(with out a trade call) It helps those of us who are learning to see what you and others are seeing and reasoning behind what you are seeing. You can help others become good traders without calling out a trade. I don't understand the resistance. I am new at this and never take anyone's suggested trade...simply because I want to be sure about why I am taking a trade and want to know that the probability of success is more on...
At first, I advise you not to judge other people's opinions and post your own analytical charts so that you can be more successful (it really has a great impact on your own growth)
Maybe our charts and analyzes are not important for anyone, but they are very important for our own growth. Be brave about it
About you saying they are all adults. I don't know because being big is not age.
There are old people who behave like children. If the analysis is wrong, they will quickly write you a mocking message and if it is correct, they will block you!!!! Are these behaviors childish or adult?
If someone wants to learn properly, I would like to advise the youngest member of this experienced forum: first, learn price action and the relationship between ceilings and floors. A correct understanding of market behavior by combining a normal indicator, even such as moving average or MACD or candlestick patterns, can make profitability easier and faster.
I remember hoda sharing a PDF about market structure. Study it
Or read the bilal1947 forum
https://www.forexfactory.com/thread/...-action-system
Good Luck mate
There is nothing wrong with being kind & loving to each other
  • #703,918
  • Nov 4, 2022 8:03am Nov 4, 2022 8:03am
Quoting BeeTogether
So US data was good but GU went up
Market is forward looking dude
Unemployment is bad, +0.2%, and White house said NFP will be worst in coming soon

I guess it helped dollar bears so far
COT: The precious data ignored
  • #703,919
  • Nov 4, 2022 8:04am Nov 4, 2022 8:04am
Quoting T721
{quote} i posted charts on gu and eu a few months ago and they hit targets but i was in drawdown with both pairs and i added to those positions even when i was in loss. So if someone follows me there would be a good chance they might have took a loss when i was building positions. So unless you understand how i trade the chart would be quite useless to you. You could end up taking the loss then see it going to my target the next day or the next week. Thats why i stopped posting them. I think the eu and gu trades a posted are on my thread. I also...

Im in drawdown now on my longs that is getting less and less. But have already made more than my drawdown on my Hedging. Then when we reach the long entry points, which we will, my account will be all the better. But as you say patience is needed, so if traders dont think they have that patience getting themselves into the situation Iv'e been in all week and on many other occasions is not for them.
  • #703,920
  • Nov 4, 2022 8:05am Nov 4, 2022 8:05am
Quoting Chris_35
{quote} I hope you jumped out of those shorts quickly with a smile on your face.
yup, got out of GU at 11168 and EU at 9768 . not the best exit as they went more but ok
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