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Cable Update (GBPUSD)

  • #735,341
  • Mar 10, 2023 6:54am Mar 10, 2023 6:54am
let's take a guess today's news

Average Hourly Earnings RED
Non-Farm Employment Change RED
Unemployment Rate GREEN
Trendlines H1,H4, SMC
  • #735,342
  • Mar 10, 2023 6:55am Mar 10, 2023 6:55am
Before this thing cools down 2037-2040 might show up on your screen. Guess what? That's the weekly pivot! 2037 to be precise!! That's why you see those triangles forming at each fake top to let you know more rise is coming.
  • #735,343
  • Mar 10, 2023 6:56am Mar 10, 2023 6:56am
Quoting josip
let's take a guess today's news Average Hourly Earnings RED Non-Farm Employment Change RED Unemployment Rate GREEN
Yes but independent of the data results, which way to the MM's take price?
  • #735,344
  • Mar 10, 2023 6:58am Mar 10, 2023 6:58am
Quoting BrainBucks
{quote} I really envy you. I've blown about a dozen of those prop accounts so far. But I'd rather die than give up!
In this thread, I avoid discussing firm topics.

The one i posted in just analytics and not about firm.
Intraday only.
  • #735,345
  • Mar 10, 2023 7:00am Mar 10, 2023 7:00am
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yes yes yes
  • #735,346
  • Mar 10, 2023 7:01am Mar 10, 2023 7:01am
Quoting JereMi256
Short @1.2000 TP open
Edited.
one spike to pick up last limit @1.2016 before we dump this muff
Face 'ur fears & tame 'ur greed
  • #735,347
  • Mar 10, 2023 7:08am Mar 10, 2023 7:08am
To me it seems like the price wants to reach higher to QM zone or take it out. I would prefer to wipe QM out then sell.

Actually there is hidden QM on Daily also. From that I would sell also if PA shows me to do it.
Attached Image(s) (click to enlarge)
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How to succeed in zero sum game?
  • #735,348
  • Mar 10, 2023 7:08am Mar 10, 2023 7:08am
SL set to 11960 TP set to 12040 b/e 12009.6 time to finish lunch and get some work done
Insane in the Brain..
  • #735,349
  • Mar 10, 2023 7:10am Mar 10, 2023 7:10am
I can't rule out the possibility of more bullish upthrust ahead of NFP, more so after they broke a key level H4 kink @1.1980.
Shorting at these levels is risky, however if the we break below 1.1965, 1.1900 will be a call away

Trade safely,
+256
Face 'ur fears & tame 'ur greed
  • #735,350
  • Mar 10, 2023 7:11am Mar 10, 2023 7:11am
Quoting Moty
break it down mf {image}
Dear Moty, How do you control emotions when you did not use SL and Martingale your trades in your own way.
  • #735,351
  • Mar 10, 2023 7:13am Mar 10, 2023 7:13am
Quoting dantpm
{quote} Yes but independent of the data results, which way to the MM's take price?
Unemployment Rate can be the most important

Technically: we can go in one direction, or up and down and then one direction
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #735,352
  • Mar 10, 2023 7:14am Mar 10, 2023 7:14am
Looks like everyone is selling and hoping for NFP to BE today, not very encouraging.

I am in a sell btw, last trade this week. SL 1.2012, will finish the day at -2%, (99 % sure).


Attached Image (click to enlarge)
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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #735,353
  • Mar 10, 2023 7:14am Mar 10, 2023 7:14am
Just a bit left field we are all expecting US data to be good.. if on the other hand it’s bad am I right in thinking 121 is not out the question
Insane in the Brain..
  • #735,354
  • Mar 10, 2023 7:15am Mar 10, 2023 7:15am
Quoting JereMi256
I can't rule out the possibility of more bullish upthrust ahead of NFP, more so after they broke a key level H4 kink @1.1980. Shorting at these levels is risky, however if the we break below 1.1965, 1.1900 will be a call away Trade safely, +256
On that note, I have closed the short position @1.2 & 1.1997 for +5pips.
1.2016 is my original plan since the spikes are inevitable especially since it's a fuck'n Friday!
Face 'ur fears & tame 'ur greed
  • #735,355
  • Mar 10, 2023 7:18am Mar 10, 2023 7:18am
So! 12 minutes until chaos ensues.
Standing aside and waiting until after NFP bloodbath will be a personal achievement of mine that should deserve a trophy and certificate of recognition.
At least that's what a million voices in my head are teling me.
But there's always gonna be this one other voice that pushes me to jump in before the news, on the alter of potential profits to be missed.
I. WILL. NOT. TRADE. UNTIL. 5-10 MINS. AFTER. NFP!!!!!!
  • #735,356
  • Mar 10, 2023 7:18am Mar 10, 2023 7:18am
Quoting BeeTogether
Just a bit left field we are all expecting US data to be good.. if on the other hand it’s bad am I right in thinking 121 is not out the question
I don't think you can ever rule out 'the numbers that get published' until they get published.
It doesn't have to be 121 to create a profound impact either!
  • #735,357
  • Mar 10, 2023 7:19am Mar 10, 2023 7:19am
Quoting JereMi256
{quote} On that note, I have closed the short position @1.2 & 1.1997 for +5pips. 1.2016 is my original plan since the spikes are inevitable especially since it's a fuck'n Friday!
1.2016 is also Tuesday 7th March Open.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #735,358
  • Mar 10, 2023 7:20am Mar 10, 2023 7:20am
To be honest I'm just forward testing my tweaked system.
Backtesting has proven good trades, almost 70% if I read it correctly.
Now just forward testing it.
Exhausted
  • #735,359
  • Mar 10, 2023 7:23am Mar 10, 2023 7:23am
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  • #735,360
  • Mar 10, 2023 7:25am Mar 10, 2023 7:25am
Quoting Elysion
To be honest I'm just forward testing my tweaked system. Backtesting has proven good trades, almost 70% if I read it correctly. Now just forward testing it.
Will you be sharing your system here?
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