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Cable Update (GBPUSD)

  • #718,141
  • Jan 5, 2023 5:16am Jan 5, 2023 5:16am
"High-Impact News"

If this was the real NFP, 100K of difference would produce at least 100 pips or more..
  • #718,142
  • Jan 5, 2023 5:17am Jan 5, 2023 5:17am
ADP data very good, bears in control
Insane in the Brain..
  • #718,143
  • Jan 5, 2023 5:18am Jan 5, 2023 5:18am
Quoting BeeTogether
It feels a 100 pip range at the moment.. 11990-12090
I keep banging on about this but, 1.19-- expect it in the coming days, possibly tomorrow for NFP-- only below it is GU a buy. In the 1.1800s. Will let PA guide when the right moment is. it's not now.
  • #718,144
  • Jan 5, 2023 5:18am Jan 5, 2023 5:18am
Quoting JayBag
{quote} I am not sure I get what you mean DR. Could you please be more direct? What's your take on GU? are you looking towards bull or bear? Thanks
Are you looking towards bull or bear?
Yes, I am!! I made 1 buy and 2 sells so far today.
Remember, my view of direction is time frame dependent, and dynamically adjusts as the price plays out during the day. So the charts show me throughout the day when/where the bias is.

At the start of the day, I could see that D1 is overdue to go up; it is in an unconvincing attempt to do so with 2 inside bars. But for that to happen, the TFs below it will need to get into up trends. Early in the day, H8 was up, giving me an up bias at that level. So when the TFs below it started making down trends, I treated these as pullbacks that I would usually not be trading. However, when H4 joined the pullbacks, this is a big enough TF that had sufficiently large ATR to make it worthwhile to look for counter-trend sells with entries on smaller TFs than H4. H4 turning down also opens the door for H8 to turn down. So technically, I had a bullish view due to the H8, but the turning down of H4 gave a bearish bias, as well as concern about H8.

When analysts have no charts for TFs between H4 and D1, they miss out on a lot of significant information.
To free Gazans of Hamas, use whatever it takes.
  • #718,145
  • Jan 5, 2023 5:21am Jan 5, 2023 5:21am
Wow...Look at all those seasonal Xmas workers who are going to show up on the unemployment figures.
  • #718,146
  • Jan 5, 2023 5:22am Jan 5, 2023 5:22am
Quoting FulMargnAlch
{quote} Hoping to break a little more below from this flimsy structure, otherwise BE. {image}
Thanks for the break? So I will sleep early and not criii.
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The market hides a perfect geometry.
  • #718,147
  • Jan 5, 2023 5:23am Jan 5, 2023 5:23am
Quoting FulMargnAlch
{quote} Thanks for the break? So I will sleep early and not criii. {image}
Good night bears.
Attached Image (click to enlarge)
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The market hides a perfect geometry.
  • #718,148
  • Jan 5, 2023 5:23am Jan 5, 2023 5:23am
Quoting Robinhood1
{quote} 1940 is good too
At least
POSTMASTER
  • #718,149
  • Jan 5, 2023 5:26am Jan 5, 2023 5:26am
Quoting pipfarm
{quote} Structure changed overnight with the last 15 higher L,H, HL, HH making a larger degree swing up but this morning we broke down with a trend swing to get in short @2030, so the previous entry level was no longer valid.
Here are the charts the purple lines are the 15 minute structure used just to get a closer entry, personally rather than try and pick the top of the correction i like to see some trend movement in my direction before entering

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Follow The Markets Structure - Patience and Discipline
  • #718,150
  • Jan 5, 2023 5:27am Jan 5, 2023 5:27am
Quoting Robinhood1
{quote} At least
Inserted Video
POSTMASTER
  • #718,151
  • Jan 5, 2023 5:27am Jan 5, 2023 5:27am
Quoting dantpm
{quote} Mysterio, the Non Farm Payroll news release tomorrow may 'interfere' with the 1.19 price target (wreck it or support it)!
It should break through it with gusto

Then time to buy for a while

DXY, 105 is quite a clear line in the sand-- looks like we're away for another test. Looking forward I think the FED are backing off interest rates for a bit, should be the main driver of any GU trend (UP I think... after the magic 1.19 is broken though.. )

It's not really magic though. On Tuesday we stopped dead on 1.19, a previous daily SWINGLOW. Bulls need to tap into those stops for the up journey

IF it taps it today (starting to look that way ... ) then NFP is probs a BUY
  • #718,152
  • Jan 5, 2023 5:27am Jan 5, 2023 5:27am
all out !!!!
i told you i have penitent
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yes yes yes
  • #718,153
  • Jan 5, 2023 5:30am Jan 5, 2023 5:30am
Quoting Moty
all out !!!! i told you i have penitent {image} {image}
That was luck! Great luck but luck!
  • #718,154
  • Jan 5, 2023 5:30am Jan 5, 2023 5:30am
Quoting BrainBucks
{quote} The pin-point precision measurement of the bounce Not the first time today too Fishy indeed
Everything is Fishy in life you know from Shekhs view
Shekh In Desert
  • #718,155
  • Jan 5, 2023 5:33am Jan 5, 2023 5:33am
The set up posted 5 hours
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Quoting Pat Chiko
{quote} GU Hey Bro. Thanks for your comment. Price may want to play out a bot prior to NFP on Friday. Clearing up Liquidity is favorite pass time for Market Maker. This play is a ritual for MM prior to major news event, " getting as many traders trapped from BOTH side (Sell or Buy)"{image}
GU

End of scalping.
Attached Image (click to enlarge)
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Today set up is very straight forward for GU in comparison to December 2022 chaotic set up.
I come from the future.
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  • #718,156
  • Jan 5, 2023 5:34am Jan 5, 2023 5:34am
It dropped more than I expected..
  • #718,157
  • Jan 5, 2023 5:34am Jan 5, 2023 5:34am
Alright we have more of it tonight

TPD the first one

Now I am in again for the last one for tonight

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Lets See How It Sets Up
Shekh In Desert
  • #718,158
  • Jan 5, 2023 5:35am Jan 5, 2023 5:35am
Shorted GU for +22 pips, that was quick
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  • #718,159
  • Jan 5, 2023 5:37am Jan 5, 2023 5:37am
Some of the Fed members are giving speech today.
Three of them I think.
  • #718,160
  • Jan 5, 2023 5:38am Jan 5, 2023 5:38am
Quoting Pat Chiko
The set up posted 5 hours{image} {quote} GU End of scalping.{image} Today set up is very straight forward for GU in comparison to December 2022 chaotic set up.
GU

approaching target 3.
25 pips to go.
Attached Image (click to enlarge)
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Special thanks to dailychart for his view on my trades.

Thanks Bro Dailychart.
I come from the future.
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