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Cable Update (GBPUSD)

  • #725,121
  • Feb 1, 2023 6:29am Feb 1, 2023 6:29am
Quoting Headland
...some supply at that prev 1hr/minor 4hr sw hi zone=prev res = pot res then...4hr shows the area @/just above it has held both in the recent past. 4hr below {image}
Thanks Bro for the chart.

To match you analysis and mine, spike on FOMC may take out the H4 RSF/demand zone below.
That's where most LQ is and good place to go LONG.
Not going to hold the current GU trades, as it has wasted my valuable smoking time.

Thanks again for sharing you "REAL TIME" chart and analysis.
Apreciate it.

PAT
Attached Image (click to enlarge)
Click to Enlarge Name: gu 104.jpg Size: 174 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,122
  • Feb 1, 2023 6:33am Feb 1, 2023 6:33am
Quoting Waveskierrob
{quote} Ok " Post of the Month" ...but its only been a day...
He is planning on it being a slow month for great posts on FF!
  • #725,123
  • Feb 1, 2023 6:34am Feb 1, 2023 6:34am
Quoting Waveskierrob
{quote} Ok " Post of the Month" ...but its only been a day...
That's too much Bro...
1st day of the month....
Now I hurt my bladder from reading your post..........
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,124
  • Feb 1, 2023 6:40am Feb 1, 2023 6:40am
"Moreover, the market remains convinced that a rate cut will be delivered by the end of the year."

Source: http://www.marctomarket.com/2023/02/...important.html

So it does seem that market anticipates a rate cut in 2023. This gives Powell a great chance to prop up USD and show a middle finger to the market by saying there are no rate cuts planned this year.
  • #725,125
  • Feb 1, 2023 6:46am Feb 1, 2023 6:46am
Make money....its going down
Attached Image (click to enlarge)
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  • #725,126
  • Feb 1, 2023 6:49am Feb 1, 2023 6:49am
Quoting FederalTrade
Make money....its going down {image}
Interesting pair to post.. is there a reason why one wouldn't Short something else vs Yen instead of AUD (since they all pretty much follow each other against Yen for a good part)?
  • #725,127
  • Feb 1, 2023 6:50am Feb 1, 2023 6:50am
Audjpy going don...knock knock
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  • #725,128
  • Feb 1, 2023 6:53am Feb 1, 2023 6:53am
Back. Wow... it's been six days since I last posted here > here.

Not much going on I believe. Anyway, we're moving in to high impact news later today, through Friday. What I won't do is to enter new trade at this time of the day.

Let's see where we're with my positions in Cable, GBPJPY and USDJPY. On Euro, I kept my long since 0.96, so there was no particuarly new development on my side, unless I close them, of course, I don't intend to.

Cable: P/L at -$700. GBPJPY, USDJPY and EURUSD: all trades in profit.
Attached Image(s) (click to enlarge)
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  • #725,129
  • Feb 1, 2023 7:00am Feb 1, 2023 7:00am
Red news of USD in few minutes

Attached Image
Together we can be strongest
Vantage Return This Month: -97.0%
  • #725,130
  • Feb 1, 2023 7:02am Feb 1, 2023 7:02am
Believe it or not...there's no fancy reason...when money needs to move on the exchange ...i take it... Sometimes it takes longer than usual...however i always remain
  • #725,131
  • Feb 1, 2023 7:05am Feb 1, 2023 7:05am
Sold 1.2328 Sl 1.2350
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #725,132
  • Feb 1, 2023 7:06am Feb 1, 2023 7:06am
I dont know why i sell this, while forecast USD seeming like will be red (GU will be down(, but my broker #USDOLLAR having a gap
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #725,133
  • Feb 1, 2023 7:08am Feb 1, 2023 7:08am
Quoting Pat Chiko
{quote} Some people make hindsight trading posts on this thread. And newbie amazed with mouth opened (They just couldn't handle foresight trades) Few people actually trade in real time. Don’t confuse the two. Big difference mentally. 95% can do one, 5% the other.
I thought everyone makes money here… whaaaat?????
How to succeed in zero sum game?
  • #725,134
  • Feb 1, 2023 7:15am Feb 1, 2023 7:15am
Sell Limit on 1.09000 activated (EUR/USD).

ADP National Employment Report: Private Sector Employment Increased by 106,000 Jobs in January; Annual Pay was Up 7.3%

USD should be up soon.. unless they want to take some orders up there..

It's all going according to the plan so far.. USD down before Fed and up after I hope.
  • #725,135
  • Feb 1, 2023 7:16am Feb 1, 2023 7:16am
Quoting dempire1
{quote} I thought everyone makes money here… whaaaat?????
No, everyone "want to make money"
And everyone will lose while some make
Like this
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230201_201605.jpg Size: 263 KB

But sometimes it is just a shame to post red trade
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #725,136
  • Feb 1, 2023 7:16am Feb 1, 2023 7:16am
Many have explanations, yet charts speak alone...see my chart postings...there's no talking,
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.PNG Size: 12 KB
  • #725,137
  • Feb 1, 2023 7:17am Feb 1, 2023 7:17am
Asked my first question on Chatgpt

How to find a valid Break of structure in market analysis:

AI answer:

A "break of structure" in market analysis refers to a situation where the price of an asset breaks out of its established pattern or trend. Identifying a valid break of structure can help traders identify potential new trends and make trading decisions.
Here are some steps to find a valid break of structure:

  1. Identify the structure: The first step is to identify the existing structure, such as a range, trend line, or chart pattern.
  2. Confirm the break: Once the structure is identified, look for a clear break of the structure, where the price moves outside of its established pattern. The break should be significant and supported by strong volume and momentum.
  3. Wait for confirmation: After a break of structure, wait for confirmation that a new trend has started. This can come in the form of a follow-through move or a continuation of the break.
  4. Look for confluence: Confluence is when multiple technical factors align to reinforce a signal. Look for confluence between the break of structure and other technical indicators, such as support and resistance levels, trendlines, and momentum indicators.
  5. Set stop loss and take profit: Once a valid break of structure is confirmed, set appropriate stop loss and take profit levels to manage risk and protect profits.

It's important to keep in mind that breakouts can sometimes be false, so it's important to approach break of structure analysis with caution and use it as part of a larger trading strategy that includes risk management.

More time in the market, does not mean you trade better!
  • #725,138
  • Feb 1, 2023 7:20am Feb 1, 2023 7:20am
Quoting Wavegarrick
{quote} Hi Iddd, I take it, you fall in the group of naked traders {image}A quick little story from the school of hard knocks: 2006 to 2008 - I started and followed Bloomberg and CNN. Man did I suck at trading. I lost deposit after deposit. 2008 - I started exploring Fx Street. I followed elioticians, harmonic traders, scalpers, long term traders. Information over load and I was jumping from system to system. I sucked at trading and was going nowhere. 2010 - I came across a pragmatic, charismatic, witty, funny prolific trader/poster. This...
Hot & Best likes story 24hours throughout FF history. uncle WG you diserve it congrut
https://breakpullback.com
  • #725,139
  • Feb 1, 2023 7:20am Feb 1, 2023 7:20am
Quoting Pat Chiko
{quote} Thanks Bro for the chart. To match you analysis and mine, spike on FOMC may take out the H4 RSF/demand zone below. That's where most LQ is and good place to go LONG. Not going to hold the current GU trades, as it has wasted my valuable smoking time. Thanks again for sharing you "REAL TIME" chart and analysis. Apreciate it. PAT{image}
GU

This target was compliment from Headland.
If you missed his post, please check it out.

Make life easy by posting real time trades.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 105.jpg Size: 236 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,140
  • Feb 1, 2023 7:21am Feb 1, 2023 7:21am
Quoting SnailFX
{quote} Kind of frustrated I picked the pair that isn't moving hahah.. but alright. It happens..
I had to watch the price action closely..
Directionless for a moment but I think it will go up now.
My telegram: https://t.me/avidforex
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