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Cable Update (GBPUSD)

  • #713,001
  • Dec 9, 2022 7:36am Dec 9, 2022 7:36am
Really good data for USD
  • #713,002
  • Dec 9, 2022 7:36am Dec 9, 2022 7:36am
Quoting Pat Chiko
{quote} Have to adapt with Price Action. I'm just a follower of what price is telling me to do. From where I came from, the key is being able to change our mind and adapt very quickly indeed and to recognize the key levels. S&R level and S&D provide me with these.. but not all the time, markets can drift, but hopefully it works more than it doesn't . There's nothing to beat a nice trend, when the markets drift I think its best to stand aside and look elsewhere... (go for smoke) This thread is very timely as I think cable has made some...

GU

PPI Data release ... gimee that spike...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #713,003
  • Dec 9, 2022 7:37am Dec 9, 2022 7:37am
I would say...Lucky trade too.

But profit is massive.

Nothing more to trade today and loose money made.

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Intraday only.
  • #713,004
  • Dec 9, 2022 7:38am Dec 9, 2022 7:38am
it will come back and break the high.....
  • #713,005
  • Dec 9, 2022 7:40am Dec 9, 2022 7:40am
Not sure if the sudden drop is because of the US PPI as I think US PPI is not that much correlated with its CPI and there is time lag between PPI and CPI. But it may alert market the US CPI result next week.
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  • #713,006
  • Dec 9, 2022 7:40am Dec 9, 2022 7:40am
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yes yes yes
  • #713,007
  • Dec 9, 2022 7:41am Dec 9, 2022 7:41am
Up up up again, 1.23 needs to be broken.
I'm just watching from the side.
And I'm now confident that my analysis is correct and I should trust myself and my hunches as well.
Self-doubt is very destructive. :<
Exhausted
  • #713,008
  • Dec 9, 2022 7:41am Dec 9, 2022 7:41am
Quoting bilal1947
Now my bias is long closed shorts
Long at 1.22529 - take some thing and set at BE. it can hit BE anytime.
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"Exchange of hands"
  • #713,009
  • Dec 9, 2022 7:42am Dec 9, 2022 7:42am
The data is benign at best! It is so close to the expected numbers and as the FED always says it is one data point at a time when they are predisposed to easing rate increases.
  • #713,010
  • Dec 9, 2022 7:42am Dec 9, 2022 7:42am
Why is it going up? Data was good
Insane in the Brain..
  • #713,011
  • Dec 9, 2022 7:43am Dec 9, 2022 7:43am
Quoting Pat Chiko
{quote} GU PPI Data release ... gimee that spike...{image}
GU

Set target..... Friday adventure
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Friday always like........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #713,012
  • Dec 9, 2022 7:45am Dec 9, 2022 7:45am
Quoting LeongPuiy
{quote} demo for sure , you are dare to hold longer time while using your real money, when price is consolidated, you over think and cut it, then it move after you close, you get mad and chase, then market reverse you cut again.
Yeah, I see that too.
Sometimes when I monitor trades, it spike up in the direction favored in me after I closed.
But I've learn to keep myself satisfied with whatever I had from the market and look for next trade instead of chasing it. Not running into FOMO anymore.
Yet I still doubt myself sometimes when I open a trade. Guess I'll have to try longer in my trading system and to trust them instead of doubting them.
Exhausted
  • #713,013
  • Dec 9, 2022 7:46am Dec 9, 2022 7:46am
Quoting Moty
{quote} Fuck ulyou mf {image}
OOPS! Did your big hammer slip??
To free Gazans of Hamas, use whatever it takes.
  • #713,014
  • Dec 9, 2022 7:48am Dec 9, 2022 7:48am
Quoting BeeTogether
Why is it going up? Data was good
Because MM says no. You'll get the shorts after a pullback or a break of high.
It has been happening these few weeks. Data was good but after the push it reverses and break the resistance/support before going all the way down.
Exhausted
  • #713,015
  • Dec 9, 2022 7:52am Dec 9, 2022 7:52am
My guess is that it really doesn't matter what the news is. Volume is less than 1/4 of average, if people are trying to short the MM will push the price up and if people are trying to long the MM will push the price down.
Right now IG Markets has investors short.
  • #713,016
  • Dec 9, 2022 7:52am Dec 9, 2022 7:52am
Quoting BeeTogether
Why is it going up? Data was good
MM never makes it easy bro
  • #713,017
  • Dec 9, 2022 7:52am Dec 9, 2022 7:52am
Quoting BeeTogether
Why is it going up? Data was good
was it? FED is trying to lower inflation, numbers are higher that forecast. Really not seeing that as positive
  • #713,018
  • Dec 9, 2022 7:53am Dec 9, 2022 7:53am
Quoting bilal1947
{quote} Long at 1.22529 - take some thing and set at BE. it can hit BE anytime. {image}
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"Exchange of hands"
  • #713,019
  • Dec 9, 2022 7:54am Dec 9, 2022 7:54am
Quoting Pat Chiko
{quote} GU Set target..... Friday adventure{image} Friday always like........{image}
i think different, the momentum is against me, but let see..

1.21 low will break..
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  • #713,020
  • Dec 9, 2022 7:56am Dec 9, 2022 7:56am
Quoting Pat Chiko
{quote} GU Set target..... Friday adventure{image} Friday always like........{image}
GU

End os scalping.
GTG. Friends are waititng for Party..... TGIF.

Trade Safe and enjoy your weekends Party.

Ciou......
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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