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Cable Update (GBPUSD)

  • #743,661
  • May 2, 2023 4:31am May 2, 2023 4:31am
Quoting Fix-it
{quote} So what you are saying that you should always manual entry or exit..
In my case its obvious. I am also saying we are f&cked up and its a long journey, not impossible but only for a few privileged. Cheers
POSTMASTER
  • #743,662
  • May 2, 2023 4:34am May 2, 2023 4:34am
Short 24 lots in 3 positions from 75
  • #743,663
  • May 2, 2023 4:36am May 2, 2023 4:36am
Waiting for a chance to add GU short.
This will be the bottom once, is that correct?

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  • #743,664
  • May 2, 2023 4:39am May 2, 2023 4:39am
Quoting dantpm
{quote} I believe that the difference in trading FX today vs the distant past is the trading algos that move price where it can be profitably moved to. In the past price moved where central banks wanted it without the intermediate trading algo. Today central banks place their orders to influence the market and wait for the algo to react. All of the people with their own algo's are in denial about how sophisticated the trading algo's are! Any strategy designed to 'beat the trading algo' simply becomes an opportunity for the trading algo to...
This one i agree with you, cause the Algo on a rate day, CPI data, NFP, those algo decode the statement faster and react faster, and all react in the same way is usually the reason we get the extended price moment. -
But when it is a normal day, each companies' algo, ig will trade against each other, and each one of them must comes out with a pure trading profit and net profit after covering operating cost over a number of trades/ period.

But do you really think that those wall street guys will go all in for algos for their trading activities, or they still hire traders?
More time in the market, does not mean you trade better!
  • #743,665
  • May 2, 2023 4:40am May 2, 2023 4:40am
GJ will also hit the bottom once, is that correct?
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  • #743,666
  • May 2, 2023 4:42am May 2, 2023 4:42am
Quoting ScalaFX
Short GU 2482 SL 2500 target 2440
partial taken, rest protected
People don't plan to lose. They lose because they don't plan.
  • #743,667
  • May 2, 2023 4:46am May 2, 2023 4:46am
I saw the 1.2500 area tough. Some areas become inpenetrables at specific moments. As i beleive gbpjpy will top around 173.00 making a new high, cable´s run up may happen but not sure if 1.2512 will hold next atempt although swing may have turned south.
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POSTMASTER
  • #743,668
  • May 2, 2023 4:48am May 2, 2023 4:48am
prepare for long.
BB H1 reject it.
feelings will be break high
long 1.246,
sl 1.245
tp open
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  • #743,669
  • May 2, 2023 4:52am May 2, 2023 4:52am
Quoting voeltoez
prepare for long. BB H1 reject it. feelings will be break high long 1.246, sl 1.245 tp open {image}
makes sense, 125 could be back on.. not sure how much above however there is an area from Friday that remains untested around 12580-126
Insane in the Brain..
  • #743,670
  • May 2, 2023 4:54am May 2, 2023 4:54am
Quoting Robinhood1
I saw the 1.2500 area tough. Some areas become inpenetrables at specific moments. As i beleive gbpjpy will top around 173.00 making a new high, cable´s run up may happen but not sure if 1.2512 will hold next atempt although swing may have turned south. {image}
Won´t dare going long though, just in case. just look at euraud drop this morning. Similar pattern as GU from my archives
POSTMASTER
  • #743,671
  • May 2, 2023 5:01am May 2, 2023 5:01am
Went long gold yesterday morning and Algo´s shorts exploded in their hands. It normally happens when you execute Jake mate to Algo but did not think it would bring it back down so i was forced to BE. Is has spent several hours closing shorts and for those who have been trading for some time, notice what a anti natural chart it turned into.


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POSTMASTER
  • #743,672
  • May 2, 2023 5:17am May 2, 2023 5:17am
Quoting Fardeen1209
{quote} There's no gap on my brokers chart mate. One of the reason why i dont not rely on my brokers chart only, i do my analysis on tradingview and placed my entry on a touchscreen device. Very rarely they differs and it usually happened before Tokyo Open
Thanks 4 the info, I am looking at Oanda and My Forex Funds Data. FxPro UK does not have any gaps...
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #743,673
  • May 2, 2023 5:19am May 2, 2023 5:19am
Quoting Phil_GMT
{quote} Thanks 4 the info, I am looking at Oanda and My Forex Funds Data. FxPro UK does not have any gaps...
yes, Fxpro no gaps bro
People don't plan to lose. They lose because they don't plan.
  • #743,674
  • May 2, 2023 5:20am May 2, 2023 5:20am
Quoting eyefeelsix
{quote} again.. yesterday was failed for my bull to get the zone, but let it flow let it slow, my plan for today is bearish in my eyes {image}
zero risk maximum profits, never bored with my own way lol
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https://breakpullback.com
  • #743,675
  • May 2, 2023 5:28am May 2, 2023 5:28am
Couldn’t see any gaps on IG either
Insane in the Brain..
  • #743,676
  • May 2, 2023 5:31am May 2, 2023 5:31am
Quoting Phil_GMT
{image} Fill The Gap 1.2541
i can see the gap too with my broker
  • #743,677
  • May 2, 2023 5:40am May 2, 2023 5:40am
Quoting ScalaFX
{quote}partial taken, rest protected
taken all, switched to long 2460 SL tight under last H1
People don't plan to lose. They lose because they don't plan.
  • #743,678
  • May 2, 2023 5:45am May 2, 2023 5:45am
Very clear gap on Eightcap.
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  • #743,679
  • May 2, 2023 5:47am May 2, 2023 5:47am
Give the 25bps priced in 94% (fully priced in- CME fed watch)
Focus shift to press conference.
Any idea what will the FOMC press conference will be about?
Peak or not, Rate cut this year or next year or actual GDP forecast run lower than our median, bank crisis or something like this?
More time in the market, does not mean you trade better!
  • #743,680
  • May 2, 2023 5:49am May 2, 2023 5:49am
There's no gap in a 24H market, and there are crappy feeds
On-site guru & also FF member's' psychiatrist, when not drinking tea
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