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Cable Update (GBPUSD)

  • #718,681
  • Jan 6, 2023 7:38am Jan 6, 2023 7:38am
As far as NFPs go...a bit tame.
  • #718,682
  • Jan 6, 2023 7:39am Jan 6, 2023 7:39am
I think it will break the LOD, i think thats the only entry i personally see today is buying lower

If not then i'll wait for NYSE and just trade it 'normally' if it presents something

if we get that then i'll target 1.1940 ish.

If it his 1.1940s first then its likely bear for the afternoon

Just my view, could be wrong
  • #718,683
  • Jan 6, 2023 7:39am Jan 6, 2023 7:39am
BUY UC Same setup for me
EU is also sell I do not open more than two trades at the same time, so EU is sell also
  • #718,684
  • Jan 6, 2023 7:40am Jan 6, 2023 7:40am
the support is still ongoing, but if it is destroyed, I will exit the position.
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  • #718,685
  • Jan 6, 2023 7:41am Jan 6, 2023 7:41am
USD is Avg Report But CAD Is Top Notch

Shekh In Desert
  • #718,686
  • Jan 6, 2023 7:41am Jan 6, 2023 7:41am
Well, this looks very bad on H1. We will go up and then down. However this H1 candle needs to be "fixed".

SF
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  • #718,687
  • Jan 6, 2023 7:42am Jan 6, 2023 7:42am
WTF why GBP is going upside
  • #718,688
  • Jan 6, 2023 7:42am Jan 6, 2023 7:42am
Quoting TheWolf
{quote} AUD/USD 15M Chart NZD/USD 15M Chart {image} {image}
Did not catch it. long eurusd & short cadjpy. Closed my cadchf with small profit. I am in positive and market trading against me but will give in eventually. No one can beat the market no matter how strong one thinks he is.
POSTMASTER
  • #718,689
  • Jan 6, 2023 7:43am Jan 6, 2023 7:43am
Quoting dantpm
{quote} These numbers are not as 'bullish' for the USDX as people were expecting!
Doesn't matter what "people" were expecting; all that matters to FED is this:

1. More people are returning to work as stimulus runs out - this keep inflation going; DXY positive

2. Unemployment is going in the wrong direction - Fed NEEDS 4.9% and higher; DXY positive

3. Hourly wages are decreasing - as white collar jobs are lost blue collar jobs increase hence the shift. Not enough for Powell; DXY neutral

Wait for PMI to see if this reverses
...because you never know - until you do!
  • #718,690
  • Jan 6, 2023 7:43am Jan 6, 2023 7:43am
Quoting Robinhood1
{quote} Did not catch it. long eurusd & short cadjpy. Closed my cadchf with small profit.
I am also Long GBP/USD..

Lost some money, was expecting a spike and then down.. now, it should go up. I think..
  • #718,691
  • Jan 6, 2023 7:44am Jan 6, 2023 7:44am
Quoting Moty
show me the 60 $ {image}
Ty mister mf
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yes yes yes
  • #718,692
  • Jan 6, 2023 7:44am Jan 6, 2023 7:44am
Quoting SilentFather
{quote} You should look on tick charts and trade those. I can show you why, if wanted. Of course for free, lol. For anyone wondering. xD SF
I have looked at the tick charts before and quite like the idea. I think I'll revisit this weekend. Thanks
  • #718,693
  • Jan 6, 2023 7:44am Jan 6, 2023 7:44am
OO Baby

Gonna Be A Big One
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Shekh In Desert
  • #718,694
  • Jan 6, 2023 7:45am Jan 6, 2023 7:45am
Quoting TheWolf
{quote} I am also Long GBP/USD.. Lost some money, was expecting a spike and then down.. now, it should go up. I think..
It needs to move up. On H1 the candle is disgusting. Wait longer. Then sell. Wait for price to stabilize properly.

SF
  • #718,695
  • Jan 6, 2023 7:45am Jan 6, 2023 7:45am
1.194 first R on H4..
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  • #718,696
  • Jan 6, 2023 7:47am Jan 6, 2023 7:47am
Quoting Yngwie
Long 1.1855
Funny news results and price action Btw Closed 64 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #718,697
  • Jan 6, 2023 7:48am Jan 6, 2023 7:48am
its not trading its a war
Attached Image (click to enlarge)
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Watch me trade Live on YouTube
  • #718,698
  • Jan 6, 2023 7:48am Jan 6, 2023 7:48am
Non Farm Payrolls + Unemployment Rate
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Using Chaos to Finding Order
  • #718,699
  • Jan 6, 2023 7:48am Jan 6, 2023 7:48am
Quoting TheWolf
{quote} I am also Long GBP/USD.. Lost some money, was expecting a spike and then down.. now, it should go up. I think..
If GU correlates EU expect a nice move up. GL to both of us
POSTMASTER
  • #718,700
  • Jan 6, 2023 7:48am Jan 6, 2023 7:48am
Quoting TheWolf
1.194 first R on H4.. {image}
TP-ed and returned what I lost.. now.. I'm waiting.. we still have ISM Services
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