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Cable Update (GBPUSD)

  • #743,701
  • May 2, 2023 7:26am May 2, 2023 7:26am
scalp LTF
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  • #743,702
  • May 2, 2023 7:30am May 2, 2023 7:30am
Quoting BrainBucks
{quote} {image}
That is the problem with Candles. They are often generated by each broker using their own tick data. Transactions get included in different candles to give you different results.
As is the case with all gaps, will the market ignore it or try to fill it.
  • #743,703
  • May 2, 2023 7:32am May 2, 2023 7:32am
Quoting busifx
US Jolts news could be quite volatile. hope to square out my long before then.

isn’t the jolts news a minor low impact event?
Insane in the Brain..
  • #743,704
  • May 2, 2023 7:32am May 2, 2023 7:32am
the market still thinks that the FED will cut rates by year-end and if they are wrong, then the dollar is going to surge higher again

i am going to sell EUR/USD and GBP/USD rallies after the FED this week
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #743,705
  • May 2, 2023 7:33am May 2, 2023 7:33am
M5 preparing for long mode..
take care..
  • #743,706
  • May 2, 2023 7:38am May 2, 2023 7:38am
Quoting BeeTogether
{quote} isn’t the jolts news a minor low impact event?
The problem with high and low-impact events is that the MM's decide what they are going to do and do it anyway.
  • #743,707
  • May 2, 2023 7:41am May 2, 2023 7:41am
Quoting BeeTogether
{quote} isn’t the jolts news a minor low impact event?
It does move 30-50pips sometimes
More time in the market, does not mean you trade better!
  • #743,708
  • May 2, 2023 7:42am May 2, 2023 7:42am
Quoting voeltoez
M5 preparing for long mode.. take care..
failed..
buy stop 1.2485
sell.stop 1.2460
tp 25pips trail
  • #743,709
  • May 2, 2023 7:42am May 2, 2023 7:42am
Quoting ScalaFX
Short GU 2483 SL 2500
SL closly 2490
People don't plan to lose. They lose because they don't plan.
  • #743,710
  • May 2, 2023 7:42am May 2, 2023 7:42am
Sure is quiet.
There - I said the "Q" word.
London was more active than NY so far.
Funded trader
  • #743,711
  • May 2, 2023 7:43am May 2, 2023 7:43am
Quoting BeeTogether
{quote} isn’t the jolts news a minor low impact event?
Thanks for your view Sohail.

Just to refresh our mind that after a sharp decline in the February figure triggered a Dollar sell-off.
Another below consensus reading today could see the currency weaken again.

Jolts doesn't stand alone as we have FOMC meeting tomorrow may temper any sharp losses.

JOLTS report is speaking of labor market data.
Given how much JayPow been talking about the number of job openings (relative to available workers), this measure has become a market mover.

Ahead of JOLTS, the ISM Manufacturing Employment subindex in the United States increased to 50.2 in April 2023, the highest in three months, from 46.9 in March.
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This going to get very interesting….
With Stronger Manufacturing, and Weaker GDP
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,712
  • Edited 7:56am May 2, 2023 7:46am | Edited 7:56am
In reality, there's one feed except for extreme conditions and no gaps during the week.
In a flash crash, I've seen three very different numbers, so I would guess that's the number of actual market makers to retail forex, but they're all connected.

To have a gap, it has to close.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #743,713
  • May 2, 2023 7:46am May 2, 2023 7:46am
Quoting dantpm
{quote} The problem with high and low-impact events is that the MM's decide what they are going to do and do it anyway.
true…although I can’t remember a blue sticker event rocking the market too much in the past… I do think however we maybe in range area until FOMC as the news rumours aren’t really concrete. I think .25 is in the cards and maybe another hike before slowing down. That could drive the USD higher. Any talks of cutting rates will be quite harmful for USD and could tease 1.3 which we’ve not seen for a long time. UK has local elections soon a poor run for sunak and his chums opens the door for lower 1.2 area such as Brains magnet 121
Insane in the Brain..
  • #743,714
  • May 2, 2023 7:58am May 2, 2023 7:58am
Quoting ScalaFX
Short GU 2483 SL 2500
Now protected, no risk
People don't plan to lose. They lose because they don't plan.
  • #743,715
  • May 2, 2023 8:17am May 2, 2023 8:17am
Quoting ScalaFX
{quote} Now protected, no risk
taken partial +40 rest waiting for more
People don't plan to lose. They lose because they don't plan.
  • #743,716
  • May 2, 2023 8:21am May 2, 2023 8:21am
Quoting Pat Chiko
{quote} GU Partial TP I hope ( I wish) GU can reach the target by JOLTS later today....... {image}
GU

Partial TP before major news in a few.
Saving some money to buy dinner...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,717
  • May 2, 2023 8:31am May 2, 2023 8:31am
Cable is overdue for a nice relief rebound
  • #743,718
  • May 2, 2023 8:32am May 2, 2023 8:32am
Quoting Pat Chiko
{quote} GU Partial TP before major news in a few. Saving some money to buy dinner...{image}
Nice dinner for 5 grants
People don't plan to lose. They lose because they don't plan.
  • #743,719
  • May 2, 2023 8:35am May 2, 2023 8:35am
Quoting Pat Chiko
{quote} GU Partial TP before major news in a few. Saving some money to buy dinner...{image}
God bless you more More and more profits
  • #743,720
  • May 2, 2023 8:38am May 2, 2023 8:38am
Close the GU short. GJ is also less profitable, but I'm sleepy, so I'm going to close it.

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