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Cable Update (GBPUSD)

  • #748,861
  • Jun 1, 2023 3:32am Jun 1, 2023 3:32am
Quoting mysterio
{quote} I think one more low. watch 1.2392. might be wrong. certainly the volume on that kick up was enormous. 618 contracts in one m1 candle.
think i was wrong

missed the buy :/

30 pip from sell though
  • #748,862
  • Jun 1, 2023 3:35am Jun 1, 2023 3:35am
Quoting mysterio
{quote} think i was wrong missed the buy :/ 30 pip from sell though
Idk man, I don't felt like buying now either.
Feels like something's missing.
But it was a good scalp.
Exhausted
  • #748,863
  • Jun 1, 2023 3:38am Jun 1, 2023 3:38am
Entering another short at GJ although it looks like it's heading for 174.2
Exhausted
  • #748,864
  • Jun 1, 2023 3:41am Jun 1, 2023 3:41am
Quoting Cetka
There are some guys here with super weird-looking charts. Like dude, just use a normal one. LOL

Everyone has different system.
Just because it looks weird for you doesn't mean it looks weird for them.
Exhausted
  • #748,865
  • Jun 1, 2023 3:44am Jun 1, 2023 3:44am
Quoting Cetka
There are some guys here with super weird-looking charts. Like dude, just use a normal one. LOL

More important is if the chart works for the author, why would he/she be interested in your directions?
Why not ask for an interpretation?
  • #748,866
  • Jun 1, 2023 3:48am Jun 1, 2023 3:48am
Quoting ninner
{quote} follow me to the promised land!!!!
thanks niner, i almost goes to promised land last hour
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,867
  • Jun 1, 2023 3:48am Jun 1, 2023 3:48am
Quoting Elysion
{quote} Idk man, I don't felt like buying now either. Feels like something's missing. But it was a good scalp.
i cant buy unless it breaks this low

alert set just in case.
  • #748,868
  • Jun 1, 2023 3:56am Jun 1, 2023 3:56am
Quoting GODofMC
{quote} thanks niner, i almost goes to promised land last hour {image}
Exhausted
  • #748,869
  • Jun 1, 2023 4:03am Jun 1, 2023 4:03am
Quoting Scotteyy
{quote} Thank you, I did think this was the case somewhat. So even low impact news could have a large effect if the actual is drastically different to the forecast? {quote} Guess it's time to crack open excel and start grabbing all the data!
I do
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It helps a lot to see the trend in the Data
Know that is is really a pain in the arse to fill this table everyday, and insert the Expected amount on each Sunday Night for the week to come.
But a change in the forecast whether upside or downside always caught my attention
More time in the market, does not mean you trade better!
  • #748,870
  • Jun 1, 2023 4:08am Jun 1, 2023 4:08am
Quoting Robinhood1
Eurjpy long. Prlce now 148.75 Target beyond. 155.00
Target rises 60 pips every 24 hours being 155,25 the actual price
POSTMASTER
  • #748,871
  • Edited 4:20am Jun 1, 2023 4:10am | Edited 4:20am
Quoting Elysion
{quote}
i realy mean it , thought almost goes to neverland
I think it will goes UP in NY, but need to see confirmation and may late enter
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Dammit, my last buy trade Im in need to close it.
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,872
  • Jun 1, 2023 4:13am Jun 1, 2023 4:13am
Quoting Fardeen1209
{quote} I do {image} It helps a lot to see the trend in the Data
So do I see your red/green as red is actual below expected and green is actual above expected? If so, then check Unemployment rate Q2 Apr.
Also, did you mark somehwere/somehow the direction that price went right after the news release?
To free Gazans of Hamas, use whatever it takes.
  • #748,873
  • Jun 1, 2023 4:13am Jun 1, 2023 4:13am
...bulls currently struggling to gain any upside traction on that last 1hr close - a bullish piercing pattern thrust candle.

1hr below
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Trader with an Edge.
  • #748,874
  • Edited 4:32am Jun 1, 2023 4:16am | Edited 4:32am
Quoting DrDave
{quote} So do I see your red/green as red is actual below expected and green is actual above expected? If so, then check Unemployment rate Q2 Apr. Also, did you mark somehwere/somehow the direction that price went right after the news release?
The data is continuously recorded from Q4 2022 Q1 2023, Then Q2 Apr Green meaning the Unemployment figures > Q1 Mar Unemployment Figure
No, Green When actual this month > actual last month, red vise versa and Yellow actual figures between 2 month remains constant.

Edit: Actually, there is an error in the Unemployement Data Color, Q1 Mar 2023 was 3.6% and 3.5% for Apr , Thanks Sir

Also, did you mark somehwere/somehow the direction that price went right after the news release?
No, this one goes to my trading journal.
Because somehow i believe that just because the number deviates by this amount or that amount in the past and market react in certain way, it will do the same with this month data.
I dont really want to associate this data with the prior data number and previous market reaction
More time in the market, does not mean you trade better!
  • #748,875
  • Edited 4:38am Jun 1, 2023 4:19am | Edited 4:38am
small scalp before data.. testing structure

edited,changed my tp RRR:1:2
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  • #748,876
  • Jun 1, 2023 4:25am Jun 1, 2023 4:25am
Crooky mf
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yes yes yes
  • #748,877
  • Jun 1, 2023 4:27am Jun 1, 2023 4:27am
Lesson of the day.
Avoid trading 1st day of the month since orders are getting filled here and there by big boys.

Unless I can focus and scalp quick markets in out.

That's why there are spikes here and there up and down.
Exhausted
  • #748,878
  • Jun 1, 2023 4:32am Jun 1, 2023 4:32am
Quoting Elysion
Lesson of the day. Avoid trading 1st day of the month since orders are getting filled here and there by big boys. Unless I can focus and scalp quick markets in out. That's why there are spikes here and there up and down.
That's not really a lesson. It's like if you don't know how to trade, don't be a trader type a lesson. LOL
It's even better the big boys are in cuz you can't move the market without them anyway. Scrap of them, buddy!
  • #748,879
  • Jun 1, 2023 4:35am Jun 1, 2023 4:35am
Quoting Bella.al
Pre-Trading Analysis : GBPUSD GMT Time :05:10 AM Status : FLAT Trend Change Trigger : 1.24460 Current Trend 4Hrs : Down Trend Daily Pivot : 1.24110 Yesterday's High : 1.24434 Yesterday's Low : 1.23478 An area of support has formed at yesterday's low 1.23478 as traders for whatever reason, determined that swing low is a good value. My Principles of Trend Direction states we are in down trend and require to challenge 1.24460 lvl by Bulls to break and hold. Daily Pivot at 1.24110. On the Downside a break below said support ( pivot ) could re-challange...
Current Rate : 1.24284

I just updated my 4Hrs chart to reflect Trend Identification ;

Using Support and Resistance Framework , Current Barriers are
Resistance : 1.24460
Support : 1.23909

Waiting for this 4HR Bar to close as it will trigger my GMT Switch to Turn on and ready to trade between 13:00-14:00 PM GMT

Bella's Trend Trigger Identification
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Goddess of Thunder..
  • #748,880
  • Jun 1, 2023 4:40am Jun 1, 2023 4:40am
Think we'll get a 40 pip or so drop, mini distribution on m1 now

then can get my buy level in 1.2392
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