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Cable Update (GBPUSD)

  • #734,621
  • Mar 7, 2023 10:51pm Mar 7, 2023 10:51pm
added short@1826
trading is like dancing, don't think and just listen to the music!
  • #734,622
  • Mar 7, 2023 10:53pm Mar 7, 2023 10:53pm
looking for a sell for 50 pips in the 1.1840-50 range.
  • #734,623
  • Mar 7, 2023 10:57pm Mar 7, 2023 10:57pm
If we go lower during LO then I expect long during NY, just go the opposite
Exhausted
  • #734,624
  • Mar 7, 2023 11:00pm Mar 7, 2023 11:00pm
Quoting Elysion
If we go lower during LO then I expect long during NY, just go the opposite
thats what i figured too, London bears with NY reversal below 1.18 in the 1.17s on a RN-- but not totally sure today. take it as it comes. might be solid bear again too.

If frankfurt dumps it below yesterdays low then, i'm out or will just follow the flow see if I can find a good volume/PA entry

50bps rise fully priced into yields now, would have thought this would trigger more selling in equities

dollar index still has an imbalance and daily supply above and above
  • #734,625
  • Mar 7, 2023 11:00pm Mar 7, 2023 11:00pm
Happy International Women's Day!
Share with your female friends, companions and so on. The recognition will be appreciated.
  • #734,626
  • Mar 7, 2023 11:01pm Mar 7, 2023 11:01pm
Quoting mysterio
looking for a sell for 50 pips in the 1.1840-50 range.
Today's move will likely be between 1.1875 - 1.1700 ...

Maybe a brief fall to 1.1790 then bounce to 1.1875 before final collapse to 1.1700...
Data + Stat + Risk/Emotions Management
  • #734,627
  • Mar 7, 2023 11:06pm Mar 7, 2023 11:06pm
Quoting dantpm
Happy International Women's Day! Share with your female friends, companions and so on. The recognition will be appreciated.
no politics please here;-)
trading is like dancing, don't think and just listen to the music!
  • #734,628
  • Mar 7, 2023 11:08pm Mar 7, 2023 11:08pm
Quoting mysterio
{quote} thats what i figured too, London bears with NY reversal below 1.18 in the 1.17s on a RN-- but not totally sure today. take it as it comes. might be solid bear again too. If frankfurt dumps it below yesterdays low then, i'm out or will just follow the flow see if I can find a good volume/PA entry 50bps rise fully priced into yields now, would have thought this would trigger more selling in equities dollar index still has an imbalance and daily supply above and above
non-farm payroll in the US is Friday 8:30am eastern...will it be a lot less than the 517,000 from last month? Probably. So, agree with you...down, up.
  • #734,629
  • Mar 7, 2023 11:15pm Mar 7, 2023 11:15pm
Quoting CashBox
{quote} non-farm payroll in the US is Friday 8:30am eastern...will it be a lot less than the 517,000 from last month? Probably. So, agree with you...down, up.
Lets see what ADP says later

not sure

I think in this case the 25 or 50bps rate rise uncertainty is a bigger driver, now it seems set to be 50, you have to go to the month chart to see when rates were that high last. Although I think this will be a buy the rumor sell the fact situation for the dollar. Would you hold the S&P500 given that we're heading into a recession and you can get 5%+ on treasuries ? not sure.
  • #734,630
  • Mar 7, 2023 11:23pm Mar 7, 2023 11:23pm
Quoting Georginson
{quote} Today's move will likely be between 1.1875 - 1.1700 ... Maybe a brief fall to 1.1790 then bounce to 1.1875 before final collapse to 1.1700...
Same thought...

Cheers Baba
Face 'ur fears & tame 'ur greed
  • #734,631
  • Mar 7, 2023 11:25pm Mar 7, 2023 11:25pm
Buy GBPUSD TP 50pips SL 25pips
  • #734,632
  • Mar 7, 2023 11:27pm Mar 7, 2023 11:27pm
Going long, but seems to be at a risky position. Indecision from market.
Exhausted
  • #734,633
  • Mar 7, 2023 11:30pm Mar 7, 2023 11:30pm
#GBPUSD / H4
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  • #734,634
  • Mar 7, 2023 11:34pm Mar 7, 2023 11:34pm
Quoting Ayax.TSS
#GBPUSD / H4{image}{image}
For me, I believe this year will be a very bad year for the dollar. So maybe your chart will work.
  • #734,635
  • Mar 7, 2023 11:34pm Mar 7, 2023 11:34pm
Quoting Ayax.TSS
#GBPUSD / H4{image}{image}
Oh hey Ayax, thx for the chart
Exhausted
  • #734,636
  • Mar 7, 2023 11:35pm Mar 7, 2023 11:35pm
Quoting AlfieSolomon
Equal highs on 5 min and above that 1 hr fvg good to go short i think
yea, thats where i'm aimed
  • #734,637
  • Mar 7, 2023 11:36pm Mar 7, 2023 11:36pm
Scalp for -12p risk LO
Attached Image (click to enlarge)
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https://breakpullback.com
  • #734,638
  • Mar 7, 2023 11:37pm Mar 7, 2023 11:37pm
Quoting Whale
{quote} so this is the new strategy for tomorrow? or you add the blue and red lines to it?
Yes
The blue and res is the regular supertrend
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yes yes yes
  • #734,639
  • Mar 7, 2023 11:41pm Mar 7, 2023 11:41pm
Quoting Moty
{quote} Yes The blue and res is the regular supertrend {image}
That's Moty for you, testing new strategy every now and then
Exhausted
  • #734,640
  • Mar 7, 2023 11:50pm Mar 7, 2023 11:50pm
Quoting Mitiblotch
{quote} For me, I believe this year will be a very bad year for the dollar. So maybe your chart will work.
1.16 - 1.32 is my forecast for this year... I may end up being brutally wrong.
Data + Stat + Risk/Emotions Management
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