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Cable Update (GBPUSD)

  • #735,281
  • Mar 10, 2023 4:40am Mar 10, 2023 4:40am
Quoting Whale
{quote} i dont have an explanation. dxy will probably will hit 105 and will turnaround to the upside.. am i sure? No.. But this is how i trade the equilibrium
I have a suspicion that wtih NFP coming in around 300k, MM's expect to sell off GU but they don't want to. The solution, drive the price of GU up in pre-market. Just a hunch.
  • #735,282
  • Mar 10, 2023 4:40am Mar 10, 2023 4:40am
Some UK data around 1pm UK time. Let’s see where that takes us. Preferably I’d like to be out of trades before NFP and then join in on the data news
Insane in the Brain..
  • #735,283
  • Mar 10, 2023 4:43am Mar 10, 2023 4:43am
Quoting Robinhood1
Nzdjpy buying area now 83.90 target 88.90
Taken longer than i thought but expect it to go up. I normally hold swing trading drawdown, this is why have long distance targets.

Big numbers, you were right about it going down(first)
POSTMASTER
  • #735,284
  • Mar 10, 2023 4:43am Mar 10, 2023 4:43am
Quoting dantpm
{quote} I have a suspicion that wtih NFP coming in around 300k, MM's expect to sell off GU but they don't want to. The solution, drive the price of GU up in pre-market. Just a hunch.
Might just be that, while using gdp data as a reason to go up.
Exhausted
  • #735,285
  • Mar 10, 2023 4:44am Mar 10, 2023 4:44am
Quoting dantpm
{quote} I have a suspicion that wtih NFP coming in around 300k, MM's expect to sell off GU but they don't want to. The solution, drive the price of GU up in pre-market. Just a hunch.
im not economist, i dont know the meaning of 300K and i dont care, market react to numbers differently than you think.
  • #735,286
  • Mar 10, 2023 4:45am Mar 10, 2023 4:45am
Quoting Alevsky017
{quote} we two always…. I have a opened sell position since 1.192…. And the shit rise up
never easy to be a bear..

But patience probably reward.
  • #735,287
  • Mar 10, 2023 4:46am Mar 10, 2023 4:46am
TP set to 12040 for pre NFP. Will keep an eye open whilst working
Insane in the Brain..
  • #735,288
  • Mar 10, 2023 4:47am Mar 10, 2023 4:47am
Quoting Whale
{quote} im not economist, i dont know the meaning of 300K and i dont care, market react to numbers differently than you think.
That's why I am not shorting it ahead of the news
  • #735,289
  • Mar 10, 2023 4:48am Mar 10, 2023 4:48am
Quoting dantpm
{quote} I have a suspicion that wtih NFP coming in around 300k, MM's expect to sell off GU but they don't want to. The solution, drive the price of GU up in pre-market. Just a hunch.
Well said pal,
Well said and that's what it is.
I suspect all data will be green today, sounds like free buck's, fortunately it is old sport it really is.
I live in the future
  • #735,290
  • Mar 10, 2023 4:50am Mar 10, 2023 4:50am
Quoting Fishbones
{quote} gj mean green candle… think going up to hit w/highs and m/highs.
Thanks i see your point

On H4 i see R1~166 and R2~169 as highs it might hit
Lou Vincii Code
  • #735,291
  • Mar 10, 2023 4:51am Mar 10, 2023 4:51am
Quoting Whale
{quote} never easy to be a bear.. But patience probably reward.
i trade the market structure… that’s the reason why I see a clear downtrend but like I said yesterday the sentiment scares me!

We have a huge number of sellers right now so the MM want to catch our money and take the SL on the upside.

the other point is, we have big DXY news so maybe that’s a fakeout to catch more buyers before the NFP news dumb the price, but no one knows 🥺

im scared and thinking about to close my sell positions with a huge -
  • #735,292
  • Mar 10, 2023 4:58am Mar 10, 2023 4:58am
Quoting Alevsky017
{quote} i trade the market structure… that’s the reason why I see a clear downtrend but like I said yesterday the sentiment scares me! We have a huge number of sellers right now so the MM want to catch our money and take the SL on the upside. the other point is, we have big DXY news so maybe that’s a fakeout to catch more buyers before the NFP news dumb the price, but no one knows 🥺 im scared and thinking about to close my sell positions with a huge -
dont be scared..
it will not help you to change the situation..
wait, 2.5 hours to nfp.. will see where we will be at than.. may hedge.. idk yet.
  • #735,293
  • Mar 10, 2023 4:59am Mar 10, 2023 4:59am
NFP day is upon us, thinking to short from the 4h with a possible bearish flag pattern , no entry as of yet, however we have a close below the previous daily higher low, so will we see a continuation south?


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 38 KB
Follow The Markets Structure - Patience and Discipline
  • #735,294
  • Mar 10, 2023 4:59am Mar 10, 2023 4:59am
Quoting Alevsky017
{quote} i trade the market structure… that’s the reason why I see a clear downtrend but like I said yesterday the sentiment scares me! We have a huge number of sellers right now so the MM want to catch our money and take the SL on the upside. the other point is, we have big DXY news so maybe that’s a fakeout to catch more buyers before the NFP news dumb the price, but no one knows 🥺 im scared and thinking about to close my sell positions with a huge -
overall sentiment

56% long
44% short

BUT

Weekly change

-20% LONGs
+8 Shorts

and DAILY CHANGE

-26% longs
+20% Short
  • #735,295
  • Mar 10, 2023 5:01am Mar 10, 2023 5:01am
Quoting Alevsky017
{quote} overall sentiment 56% long 44% short BUT Weekly change -20% LONGs +8 Shorts and DAILY CHANGE -26% longs +20% Short
where the data from?
  • #735,296
  • Mar 10, 2023 5:02am Mar 10, 2023 5:02am
Quoting pipfarm
NFP day is upon us, thinking to short from the 4h with a possible bearish flag pattern , no entry as of yet, however we have a close below the previous daily higher low, so will we see a continuation south? {image}
Similar pattern on EURUSD , bearish flag on 4H with the previous bar taking liquidity from the top.
Follow The Markets Structure - Patience and Discipline
  • #735,297
  • Mar 10, 2023 5:07am Mar 10, 2023 5:07am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 13 KB
yes yes yes
  • #735,298
  • Edited 5:19am Mar 10, 2023 5:08am | Edited 5:19am
Sell limit 1.2016/ TP open

Buy limit 1.1965/ TP 1.2016
Face 'ur fears & tame 'ur greed
  • #735,299
  • Mar 10, 2023 5:09am Mar 10, 2023 5:09am
Quoting Moty
{image}
  • #735,300
  • Mar 10, 2023 5:15am Mar 10, 2023 5:15am
NFP :

I am planning to short the spike close to 2000 -2020 range.

That could bring down the price to 1950.

Let us see.

Fingers crossed.

Until then, I am happy with my score.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2023-03-10 164412.png Size: 67 KB
Click to Enlarge Name: Screenshot 2023-03-10 164509.png Size: 61 KB
Intraday only.
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