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Cable Update (GBPUSD)

  • #744,001
  • May 3, 2023 6:37pm May 3, 2023 6:37pm
I'm thinking about a possible long situation developing on GU. Value at top of session. Monthly pivot supported as well.
  • #744,002
  • Edited May 4, 2023 12:00am May 3, 2023 7:28pm | Edited May 4, 2023 12:00am
Quoting BeeTogether
What a load of crap today… not seen a FOMC like this.
One thing i'm glad that i've learn, FOMC Or not, CPI or NFP, always follow the market structure. Because, data can be bad as hell, but market structure is upward, the supposed to fall from the data is absorbed by high buying interest.
That US recession or more overleveraged tier 2 banks turmoil, we are going to get it,because of some dumb f*cks running the FED going towards another hike.
Nfp and cpi data will be very crucial, specially CPI, paving the way for another 25bps hike


Fardeen
More time in the market, does not mean you trade better!
  • #744,003
  • May 3, 2023 9:23pm May 3, 2023 9:23pm
Looks like GU wants to reach tops 1.265xx
Consistency.
  • #744,004
  • May 3, 2023 9:27pm May 3, 2023 9:27pm
Quoting sharingan9
I'm thinking about a possible long situation developing on GU. Value at top of session. Monthly pivot supported as well.
I'm considering shorting, not sure tho, EU may drag GU down on ECB rate release, but i dont want to long USD atm.
More time in the market, does not mean you trade better!
  • #744,005
  • May 3, 2023 9:34pm May 3, 2023 9:34pm
Quoting Wavegarrick
{quote} Wow !!!!!????. No creative accounting here Chap. This report is from the beginning of the week with one trade overlapping from last week. That trade alone was 94 pips. The rest are made up with smaller (weaker) trades closed. 15 trades in all this week which make up 202 pips for the week in closed trades and $94.59c. I have been posting in this thread since 2017 and no need to bullshit Folks here. I have nothing to prove. Attached for your perusal. Cheers. {image} {image}
Thanks for showing how you derived your 202 pips very creative accountancy indeed.

You had a net investment long of $7 and made $104 profit from it which equates to 14.96 pips. Not 202 pips.

Still a nice return though.
  • #744,006
  • May 3, 2023 9:42pm May 3, 2023 9:42pm
Quoting Haydel
{quote} I closed one of my trades with a little profit before news, just in case. I left the other open so we will see how far it goes. {image} My target is 1.2626 based on the Weekly chart. {image}
Protected.
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  • #744,007
  • May 3, 2023 11:06pm May 3, 2023 11:06pm
Quoting Haydel
{quote} Protected. {image}
from whom?
  • #744,008
  • Edited May 4, 2023 12:03am May 3, 2023 11:35pm | Edited May 4, 2023 12:03am
PacWest announcment make some mess with Gold, my all positions is underwater and Im waiting todays London session to figure out what I can do to make this green again, GU too but this is I think metter of time we slide to my levels, today some data one more time, price can ride both sides to so be carefull
People don't plan to lose. They lose because they don't plan.
  • #744,009
  • May 3, 2023 11:49pm May 3, 2023 11:49pm
DX and GBP
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #744,010
  • May 4, 2023 12:02am May 4, 2023 12:02am
Quoting ScalaFX
PacWest announcment make some mess with Gold, my all positions is umderwater and Im waiting todays London session to figure out what I can do to make this green again, GU too but this is I think metter of time we slide to my levels, today some data one more time, price can ride both sedes to so be carefull
May reach 2013 and slightly below before making more highs. GL
POSTMASTER
  • #744,011
  • May 4, 2023 12:14am May 4, 2023 12:14am
Scalpit
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Don't mind me.. i'm crazy
  • #744,012
  • May 4, 2023 12:23am May 4, 2023 12:23am
Sold GU at 1.2588 .. target 1.2538...
Second sell limit at 1.2618 ... Target 1.2588.
Data + Stat + Risk/Emotions Management
  • #744,013
  • May 4, 2023 12:27am May 4, 2023 12:27am
I believe we will have 1 more retrace before pushing for a new high. Tight SL
Attached Image (click to enlarge)
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Consistency.
  • #744,014
  • May 4, 2023 12:36am May 4, 2023 12:36am
better follow the trend..bullish is strong
long @1.2588..sl 1.2500
  • #744,015
  • May 4, 2023 12:44am May 4, 2023 12:44am
M1 double bottom @ 1.25820
then rising to 1.25907 makes a double top
with SMA50/200 overlapping, I think it should break above.
But I closed my long anyway.
  • #744,016
  • May 4, 2023 1:09am May 4, 2023 1:09am
Quoting LitEU
I expect FOMC news going on a long stop hunt and a retest of 1.24 only then will i add to my longs, Bullish on gbpusd {image}
Buy the Dip
  • #744,017
  • May 4, 2023 1:13am May 4, 2023 1:13am
Quoting voeltoez
better follow the trend..bullish is strong long @1.2588..sl 1.2500
Thank you, I saw your post and reenter long
had grabbed this spike
  • #744,018
  • May 4, 2023 1:15am May 4, 2023 1:15am
Another big try
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  • #744,019
  • May 4, 2023 1:16am May 4, 2023 1:16am
Quoting Nala66
{quote} Thanks for showing how you derived your 202 pips very creative accountancy indeed. You had a net investment long of $7 and made $104 profit from it which equates to 14.96 pips. Not 202 pips. Still a nice return though.
Nala,
What do you base your $7 dollar investment on?. From what I read between the lines is that you are saying I am trading .50c lots.
So I had 14 buy trades x .50c = $7. Now look carefully at my attached charts and statements. I do not trade .50c lots. I trade .05c lots.
So let's take 14 buy trades x .05c = $ .70c. A huge difference isn't it? Or am I missing something?
Last question: The report is generated automatically from the standard indicator "trade report" available here on FF. So how do I do my magic accounting on this?
Cheers.
Trade to trade another day
  • #744,020
  • May 4, 2023 1:26am May 4, 2023 1:26am
Quoting Whale
Another big try {image}
Thank for posting your trade idea.
GU is still bullish H4.
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