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Cable Update (GBPUSD)

  • #726,061
  • Feb 3, 2023 7:20am Feb 3, 2023 7:20am
Quoting Headland
...the pot (potential) immediate near-term sb zones likely extend up to 2300 on 4hr. Looking to the immediate downside @/below current dly on 4hr is on chart below. Downside near-term fibs are posted too. 4hr & downside fibs below {image} {image}
A LQ sweep to 2280 on NFP mixed data then down?
Because after closing the 4hr imbalance at 2261, price is still below the 50% fib of the yesterday's move.
More time in the market, does not mean you trade better!
  • #726,062
  • Feb 3, 2023 7:20am Feb 3, 2023 7:20am
Quoting BigNumbers
Protect your position nfp @2:30 pm..

Kind of meaningless without a time zone... how about in 10 min.
  • #726,063
  • Feb 3, 2023 7:21am Feb 3, 2023 7:21am
...so, can NFP # once again defy expectations, or is the mth it finally undershoots?

Forecasts by this site are shown by the arrow
Attached Image (click to enlarge)
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Trader with an Edge.
  • #726,064
  • Feb 3, 2023 7:22am Feb 3, 2023 7:22am
Quoting Headland
...so, can NFP # once again defy expectations, or is the mth it finally undershoots?
It is published by the government, it is kind of like forex, it is whatever they want.
  • #726,065
  • Feb 3, 2023 7:23am Feb 3, 2023 7:23am
Quoting mohrali
I don't know if this chart is correct or not? But this is an analysis and I see it this way {image}
At the moment, I concur, except the focus needs to be moved up to M30. Now need to see how this down swing ends.
To free Gazans of Hamas, use whatever it takes.
  • #726,066
  • Feb 3, 2023 7:24am Feb 3, 2023 7:24am
Push down to 2200 then a push up H1/H15

If it breaks 2182 low then push back up to 2217 and down
Follow The Markets Structure - Patience and Discipline
  • #726,067
  • Feb 3, 2023 7:29am Feb 3, 2023 7:29am
Quoting Whale
Possible scenario based Wyckoff distribution to the yearly open 1.2085 NOT a buy signal! {image}
remember?

if it down don’t try to lift it will be baddddd
  • #726,068
  • Feb 3, 2023 7:29am Feb 3, 2023 7:29am
Quoting pipfarm
{quote} ok same thing then.
In essence, the same. But for the folks that have not yet figured out how to use the samller TFs interacting with the larger TFs, focusing on H4 instead of H8 leads to pre-mature entries via H1 that look absolutely "correct", but that can turn into failures because the H2 wasn't finished yet. And becasue so few people don't look at H2/H8, they don't even realize the explanation for what happened.
To free Gazans of Hamas, use whatever it takes.
  • #726,069
  • Feb 3, 2023 7:30am Feb 3, 2023 7:30am
Price dip below 1.22450. I want to believe it a fake out…
My telegram: https://t.me/avidforex
  • #726,070
  • Feb 3, 2023 7:30am Feb 3, 2023 7:30am
Quoting DrDave
{quote} In essence, the same. But for the folks that have not yet figured out how to use the samller TFs interacting with the larger TFs, focusing on H4 instead of H8 leads to pre-mature entries via H1 that look absolutely "correct", but that can turn into failures because the H2 wasn't finished yet. And becasue so few people don't look at H2/H8, they don't even realize the explanation for what happened.
I have not found that problem myself but will check it out.
Follow The Markets Structure - Patience and Discipline
  • #726,071
  • Edited 8:19am Feb 3, 2023 7:31am | Edited 8:19am
Just in case here is hourly pa for NFP days since Feb 2019. Feel free to find patterns
Attached Image (click to enlarge)
Click to Enlarge Name: nfp pa.png Size: 83 KB
Air force
  • #726,072
  • Feb 3, 2023 7:32am Feb 3, 2023 7:32am
Quoting Whale
{quote} remember? if it down don’t try to lift it will be baddddd
what can we do… 9h later bobobobom!
Attached Image (click to enlarge)
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  • #726,073
  • Feb 3, 2023 7:32am Feb 3, 2023 7:32am
Quoting Yngwie
Test sold 1.2258 SL 1.2272
Closed for 103 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #726,074
  • Feb 3, 2023 7:32am Feb 3, 2023 7:32am
Quoting greenpips4
my gut feeling is telling me NFP will spike up before continouing down so m closing my shorts with +7 pips will place a sell limit above.. I may be wrong
shit man
gut feelings are scam..
missed on so much pips ):
ALWAYS TRADE WHAT YOU SEE NOT WHAT YOU THINK!!
  • #726,075
  • Feb 3, 2023 7:33am Feb 3, 2023 7:33am
517!!!!
More time in the market, does not mean you trade better!
  • #726,076
  • Feb 3, 2023 7:35am Feb 3, 2023 7:35am
Quoting Moty
{image}
Yes yes yes
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_2023-02-03-15-32-51-758_net.metaquotes.metatrader4.jpg Size: 551 KB
yes yes yes
  • #726,077
  • Feb 3, 2023 7:35am Feb 3, 2023 7:35am
Quoting Fardeen1209
517!!!!
Now look at the participation %, flat!
  • #726,078
  • Feb 3, 2023 7:37am Feb 3, 2023 7:37am
My TP has never been hit this fast .
1:10 on this trade .
Finally closed the week in a profit after taking 2 losses.
I wish you all a happy weekend
Patience.....
  • #726,079
  • Feb 3, 2023 7:39am Feb 3, 2023 7:39am
Finally.. it was more than worth it to believe in the system. NFP came out as HOT as it could come. It's over..
  • #726,080
  • Feb 3, 2023 7:40am Feb 3, 2023 7:40am
Quoting Fardeen1209
517!!!!
ISM Non-Manufacturing Index later should carry a bigger punch.

Cheers
Guy
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