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Cable Update (GBPUSD)

US data good , can’t see 124 yet.. let’s see what tomorrow brings
Insane in the Brain..
Numbers are good, so bad for USD, interesting that it's raising. The numbers on 2nd look are good for USD, may be that is the reason why it gets stronger. The numbers are economy drivers, not price stuff directly. But anyway, more interest rate hikes coming in.
small buy positions entered. Buy order at 1.23. TP 1.26
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Quoting OperaniyiFx
I sold from 1.2375 targeting 1.2350
TP smashed
Quoting Pat Chiko
{quote} My apology to upset few on this subject. Sorry again....and understand that you are upset with my post. {image} I have made it clear that I have never had any deal or association with Market Maker. However, I believe that my post is accurate and that it is important to be aware of the reality of the forex market. It is true that you cannot beat the market using conventional methods. The market makers have access to more information and resources than you do, and they are always looking for ways to make money. If you want to be successful...
Your posts are very informative - keep them coming!
Funded trader
Quoting JackintheBox
Numbers are good, so bad for USD, interesting that it's raising. The numbers on 2nd look are good for USD, may be that is the reason why it gets stronger. The numbers are economy drivers, not price stuff directly. But anyway, more interest rate hikes coming in.
I’d have thought the numbers being good is good for USD?
Insane in the Brain..
Quoting pipfarm
GU H1 is in what currently looks like an upside correction against H4 and H4 has been moving down with the daily So would prefer to short if i get an entry signal. If the 4H swing trend is ending we may see it go up.
Exact same scenario on gold and it dropped like a brick, GU a bit slow to react.
Follow The Markets Structure - Patience and Discipline
Quoting BeeTogether
US data good , can’t see 124 yet.. let’s see what tomorrow brings
The US data supported the economy getting stronger and supports the notion that the FED is on track, nothing suggests changes in rates so the forex impact should be nil, instead we have the USD rallying.
Quoting Pat Chiko
{quote} GU This is the reason, I keep on taking partial profit as market are so manipulaative, price can drive just to grab our SL without any hasistation. Thus taking partial profits is important because prices can fluctuate, finding liquidity and taking advantage of weak positions from retail traders. These price fluctuations are driven by algorithms deployed by brokers, market makers, and banks. These institutions have access to all positions in the market and use algorithms to analyze high-volume positions. They then drive the market to consume...
GU

News Trades
Add position
Cash out some.
Let the balance run to whereever she want to go..
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I come from the future.
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Quoting ashur123
small buy positions entered. Buy order at 1.23. TP 1.26 {image}
good sir
Quoting Pat Chiko
{quote} My apology to upset few on this subject. Sorry again....and understand that you are upset with my post. {image} I have made it clear that I have never had any deal or association with Market Maker. However, I believe that my post is accurate and that it is important to be aware of the reality of the forex market. It is true that you cannot beat the market using conventional methods. The market makers have access to more information and resources than you do, and they are always looking for ways to make money. If you want to be successful...
Pat, wow, that's something...even I don't have that many hardcore admirers. Congrats.
Always trade your own plan...I don't provide trading signals.
Quoting pipfarm
GU H1 is in what currently looks like an upside correction against H4 and H4 has been moving down with the daily So would prefer to short if i get an entry signal. If the 4H swing trend is ending we may see it go up.
GU H1 is in what currently looks like an upside correction against H4
Actually, it has progressed to H2, giving more weight to the possibility that H4 will turn up.
To free Gazans of Hamas, use whatever it takes.
Quoting GODofMC
{quote} ready your horse moty, it still like before cut loss, MC or TP dang, 1 Long position is in the mountain SELL EXECUTED dont know if this a right thing, sell at near bottom {image} {image}
Something hold the market, or it is buyer and seller waiting for the next news, if this going like that im afraid red news will spiked UP


MF, cut here. Very heartbreaking
Green GDP better than prediction but Lower than last month
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,960
I know I sound obsessed with a bearish candle on the DXY but the alternative is that from here on out, until the end of time, there are only going to be bullish 4hour candles.
If there is a close below 1.2330, then Every TF from Weekly to M1 will be going down. If H1/H2 mamage to stay above that level, there is still the possibility of more upswings, trying to get H4 turned up.
To free Gazans of Hamas, use whatever it takes.
Quoting GODofMC
{quote} Something hold the market, or it is buyer and seller waiting for the next news, if this going like that im afraid red news will spiked UP MF, cut here. Very heartbreaking Green GDP better than prediction but Lower than last month {image}
lucky have some reading, price went back to my sell area
while may still goes down to PAT TP, i'll let it go
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,960
Hi All,

My trades are done for today but just interested to see if this scenario plays out just as a learning curve. I'm with pipfarm re longer term downward trend - just look at the daily - and also shorter term correction as per H1/H4.

Rgds, Angus
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I do think ( may be ) a buy here just above 2335.
Intraday only.
Quoting GODofMC
{quote} Something hold the market, or it is buyer and seller waiting for the next news, if this going like that im afraid red news will spiked UP MF, cut here. Very heartbreaking Green GDP better than prediction but Lower than last month {image}
Once i read something about economic data from hedgefunds ceos/founders(from market wizards), he said initially when you put on a trade, chance 50-50.
But if you have a good understanding on how the market react to the data and their deviations, you can put the odds in your favour, and this will happen every month. You keep this day to grow your account significantly with very low risk, since the move is much easier to predict and massive.
Leap of faith can make you go from zero to hero real quick!
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