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Cable Update - Continued 61 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

See ya on the other side bye Dubai trading whilst in the air
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Everything happening in this triangle is called shenanigans.
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https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Reverso
Trade is now in my safe zone, you have my blessings, PUMP it to moon bois. {image} {image}
Launch pad under maintenance, didn't take off.
Exited just now with a tiny loss, not trading today in view of GBP holiday and NFP news later, to resume trading next Tuesday (next Monday is a GBP holiday too).
Trading during holiday can have unexpected price action or the dreaded sideways, I do not risk trading under unfavorable condition.

When you choose to buy an item, you wouldn't want the ones with a little faulty here and there right? Same concept, I can wait.

Happy with this week's profit, hope it keep coming.
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GBPUSD only, M15 timeframe only. Aim for strong trend trades.
Do you all think we will see a drop with todays news?

Thank you,
GU　The entrance to London has returned to Tokyo's low price. However, during integration, it is not yet known which way it will swing in the range box.

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Quoting huffy13
Do you all think we will see a drop with todays news? Thank you,
drop or no drop is not depend on us nor whether news is good or bad, it is depend on big bank

and sometime the news like to wipe both side, so it is really subjective question, it even can wipe your stoploss only go to your favour direction
Hi, Traders
My thoughts
M30, GU
Trend: Short
Point: descending channel line resistance + Stoch indicator cross + SMA resistance.
This is not a very good point, but as long as the price does not break 1.2481, I think the trend will not change.
The non-farm payrolls data could spoil that.
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Just follow the trend.
Quoting alienguy123
{quote} drop or no drop is not depend on us nor whether news is good or bad, it is depend on big bank and sometime the news like to wipe both side, so it is really subjective question, it even can wipe your stoploss only go to your favour direction
All the data released so far this week points to poor data in the NFP, which implies that pressure will build on the FED to not raise rates as quickly which puts downward pressure on the dollar.
The banks would have placed their bets earlier in the week.
All that is left is what path will the computers take price over the next few hours.
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Quoting huffy13
Do you all think we will see a drop with todays news? Thank you,
and more key indicator is depend on how much retailer bet on the side
eg: if 80% retailer bet on call , mostly it will wipe the call

or if sudden drop dramatically in the call side switch to put, it will wipe put

LOL... so what we can do is normally not to predict yes or no, it is to do when it happen
Quoting BeeTogether
See ya on the other side bye Dubai trading whilst in the air {image}
Business Class of course? happy fly buddy!
People don't plan to lose. They lose because they don't plan.
You flying GU down she go
People don't plan to lose. They lose because they don't plan.
Quoting dantpm
{quote} All the data released so far this week points to poor data in the NFP, which implies that pressure will build on the FED to not raise rates as quickly which puts downward pressure on the dollar. The banks would have placed their bets earlier in the week. All that is left is what path will the computers take price over the next few hours. {image}
we only can make reasonable assurance what it happen and bet if it happen but we cannot control what will happen, because right of intepretation data whether good or bad is depend on buying power

even big bank also cant really fully control the FOREX market, so normally they also coperate each other to wipe retailer only, if you insist to do different direction from big bank, even you are big bank, you are likely to be wipe also,
Quoting Mitiblotch
Everything happening in this triangle is called shenanigans. {image}
always consider both bull and bear thoughts to be more profitable.
1) the bulls: bull flag in the making, 1.25 TP very possible.
2) the bears: lower highs could very well push down to 1.24.
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Quoting firsttimer
{quote} always consider both bull and bear thoughts to be more profitable. 1) the bulls: bull flag in the making, 1.25 TP very possible. 2) the bears: lower highs could very well push down to 1.24.
always consider both bull and bear thoughts in order to stay out of trades
1) the bulls: bull flag in the making, 1.25 TP very possible.
2) the bears: lower highs could very well push down to 1.24.

If both have a likelihood of 50%, always select number 3:
1) fight
2) flight
3) freeze
my view
gbpusd

it's going to be boring till 14.30
below the red line = short
we can bounce off the support and break R
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Quoting josi
{quote} always consider both bull and bear thoughts in order to stay out of trades 1) the bulls: bull flag in the making, 1.25 TP very possible. 2) the bears: lower highs could very well push down to 1.24. If both have a likelihood of 50%, always select number 3: 1) fight 2) flight 3) freeze
... or sit on your hands...
Quoting Stavros999
I am gaining long from current levels and will close on the approaches to 1.31
same. If it gets 1.31 (I’m confident it will this quarter), I like the looks of 1.42
Compulsions can be hard to resist
Pulchra All Time Return: -88.4%
Quoting trumps
{quote}same. If it gets 1.31 (I’m confident it will this quarter), I like the looks of 1.42
I like 2.0 but maybe next year
People don't plan to lose. They lose because they don't plan.
Quoting ScalaFX
{quote} Business Class of course? happy fly buddy!
cheers mate lol no business class standard economy..
Quoting BeeTogether
{quote} cheers mate lol no business class standard economy..
Most markets are closed today, so you can have a nice drink and enjoy the view under the clouds.
Just follow the trend.
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