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Cable Update (GBPUSD)

  • #717,801
  • Jan 4, 2023 8:59am Jan 4, 2023 8:59am
Quoting tauhidur
{quote} hello sir, how are you, If you don't mind can you explain this FOMC.
FOMC is Federal Open Market Committee minute meeting of the last monetary meeting that held... Not usually significant except the market makers want to use it as an excuse to spark volatility...
Data + Stat + Risk/Emotions Management
  • #717,802
  • Jan 4, 2023 9:01am Jan 4, 2023 9:01am
I think everyone survived this... this... nothingness..
  • #717,803
  • Jan 4, 2023 9:01am Jan 4, 2023 9:01am
ISM/JOLTS

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I come from the future.
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  • #717,804
  • Jan 4, 2023 9:02am Jan 4, 2023 9:02am
Well...That was an anti-climax
  • #717,805
  • Jan 4, 2023 9:02am Jan 4, 2023 9:02am
Damn, this was a trap inside the trap! Gotta give credit to banks this time..

People, I think we wait for the Fed..

Damn system.. it screamed to my ears, go long USD you piece of shit! LoL
  • #717,806
  • Jan 4, 2023 9:04am Jan 4, 2023 9:04am
Thank god I was out of the trade, forgotten there's news at 11:00pm (gmt+8 my time)
Exhausted
  • #717,807
  • Jan 4, 2023 9:05am Jan 4, 2023 9:05am
The price action is currently happening on the 45mins.
take a look
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  • #717,808
  • Jan 4, 2023 9:05am Jan 4, 2023 9:05am
Quoting bilal1947
GU short at 1.2070 -10pip SL
Bingo !
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"Exchange of hands"
  • #717,809
  • Jan 4, 2023 9:05am Jan 4, 2023 9:05am
Quoting bilal1947
GU short at 1.2070 -10pip SL
Well timed!
  • #717,810
  • Jan 4, 2023 9:07am Jan 4, 2023 9:07am
Remember this is a pull back trade. Price will pull back to 1.19971 where we should look to buy.


Good luck.
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  • #717,811
  • Jan 4, 2023 9:08am Jan 4, 2023 9:08am
Quoting FulMargnAlch
Looks dump to me, but for all we know, it can spike either way. {image}
Hope it goes down more. There's nothing I can do here but mitigate risk.
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The market hides a perfect geometry.
  • #717,812
  • Jan 4, 2023 9:09am Jan 4, 2023 9:09am
Data was bad yet cable going down
Insane in the Brain..
  • #717,813
  • Jan 4, 2023 9:11am Jan 4, 2023 9:11am
USD might close today's gap in the next 2 hours??
  • #717,814
  • Jan 4, 2023 9:11am Jan 4, 2023 9:11am
Quoting BigNumbers
Remember this is a pull back trade. Price will pull back to 1.19971 where we should look to buy. Good luck.
The only thing I'm looking at right now is where this H4 candle will close. Good thing is, it will close an hour before FOMC.. which is great.
This is far from over! Fed can fuc' this all up and again crash USD.. We'll see where this H4 will close.. now, enough of trading for today. See you in Three Hours.
  • #717,815
  • Jan 4, 2023 9:13am Jan 4, 2023 9:13am
Quoting JayBag
{quote} Currently barcoding {image}
I am done barcoding. Just added my last long at 1.202545..
From here, it's now up to MM to respect TA or not

Cheers
  • #717,816
  • Jan 4, 2023 9:14am Jan 4, 2023 9:14am
Will be closing shorts soon.
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  • #717,817
  • Jan 4, 2023 9:14am Jan 4, 2023 9:14am
Quoting BeeTogether
Data was bad yet cable going down
A. Not from the Feds perspective.
B. When has good or bad data ruled what MM's do?
  • #717,818
  • Jan 4, 2023 9:14am Jan 4, 2023 9:14am
Took Profit Too Early, looks like the Big Bearish Move is happening now and not later. I won't Re-enter.

News Trade +$48

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  • #717,819
  • Jan 4, 2023 9:18am Jan 4, 2023 9:18am
Quoting mysterio
I'll go with this, I do think GU will turn bullish in coming days/weeks On news it may dip a bit then pump the highs above 1.21, then take out the support at 1.19 over the course of the week Then bulls But i'm thinking several steps in advance. Getting an entry pre/post news quite tricky and you expose yourself to a lot of risk/stop hunting. Only thing to do is wait unfortunately, I prefer to sell above 1.21-1.2125 and buy below 1.19 Tricky week trying to anticipate moves as it's just a game of sweeping people out of positions for the upcoming trend,...
chanced it

dip, then pump highs

then 1.19 in coming days

guesswork please dont follow anything i say I haven't really found my feet this week
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  • #717,820
  • Jan 4, 2023 9:18am Jan 4, 2023 9:18am
Price action drill across 3 time Frames. H1 H4 and D1
I could not add the weekly and monthly because it will be over packed with lines. So I do weekly and monthly on a different chart.

Everything on the chart is based on liquidity ONLY; of-course time and candlesticks are the only indicators you need.

Good luck
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