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Cable Update (GBPUSD)

  • #756,401
  • Jul 6, 2023 5:57am Jul 6, 2023 5:57am
BOS (with displacement) + RT
​​​​​​
Or simply LQ grab?
More time in the market, does not mean you trade better!
  • #756,402
  • Jul 6, 2023 5:58am Jul 6, 2023 5:58am
If there is another shock coming with US data destroying forecast, then Gold will close the gap at 1880$ today.
  • #756,403
  • Jul 6, 2023 6:00am Jul 6, 2023 6:00am
Quoting TheWraith
Holy shit Gold is drowning.. overreaction if you ask me.
Reversal coming soon for gold.
Big moves for today and tmrw.
Exhausted
  • #756,404
  • Jul 6, 2023 6:03am Jul 6, 2023 6:03am
Quoting Elysion
{quote} Reversal coming soon for gold. Big moves for today and tmrw.
ok bro, i close my sell
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cheers
my loss is your gain
  • #756,405
  • Jul 6, 2023 6:04am Jul 6, 2023 6:04am
Quoting TheWraith
{quote} Gold Went Long @ 1903.900 SL 1900.000 This could be a suicide mission.. {image}
All trades closed.

Seriously, now I wait for ISM and JOLTS. Enough...
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  • #756,406
  • Jul 6, 2023 6:06am Jul 6, 2023 6:06am
Or is this just a pull back to continue the move up?
It's two of those news reactions that don't make sense.
ADP non farm payroll up means that the fed doesn't have to ease up on current rates or planned rate increases. Suggests that growth might be returning. Nothing about price increases. The number is really big!
Unemployment claims up slightly also doesn't support rates price increases.
  • #756,407
  • Jul 6, 2023 6:07am Jul 6, 2023 6:07am
Quoting TheWraith
{quote} All trades closed. Seriously, now I wait for ISM and JOLTS. Enough... {image}
too early to close gold bro

but profit most important

nice trade
cheers
my loss is your gain
  • #756,408
  • Jul 6, 2023 6:07am Jul 6, 2023 6:07am
Quoting Traderview
GBPJPY {image}
still holding it
  • #756,409
  • Jul 6, 2023 6:08am Jul 6, 2023 6:08am
Quoting dantpm
Or is this just a pull back to continue the move up? It's two of those news reactions that don't make sense. ADP non farm payroll up means that the fed doesn't have to ease up on current rates or planned rate increases. Suggests that growth might be returning. Nothing about price increases. The number is really big! Unemployment claims up slightly also doesn't support rates price increases.
We'll see in an hour what's happening.
  • #756,410
  • Jul 6, 2023 6:08am Jul 6, 2023 6:08am
Quoting dantpm
Or is this just a pull back to continue the move up? It's two of those news reactions that don't make sense. ADP non farm payroll up means that the fed doesn't have to ease up on current rates or planned rate increases. Suggests that growth might be returning. Nothing about price increases. The number is really big! Unemployment claims up slightly also doesn't support rates price increases.
I thought the same that the move would cancel each other out…
Insane in the Brain..
  • #756,411
  • Jul 6, 2023 6:09am Jul 6, 2023 6:09am
Negative ISM news could also benefit the USD.

We shall see.
Trade at your own risk.
  • #756,412
  • Jul 6, 2023 6:09am Jul 6, 2023 6:09am
Quoting Bogdanoff
{quote} too early to close gold bro but profit most important nice trade cheers
I'm not sure if Gold is going to close the gap today at 1880 or not, hence why I took the profit as soon as Gold got a kick up when new hourly formed.
I just don't know...

Thanks man!
  • #756,413
  • Jul 6, 2023 6:11am Jul 6, 2023 6:11am
Quoting dantpm
Or is this just a pull back to continue the move up? It's two of those news reactions that don't make sense. ADP non farm payroll up means that the fed doesn't have to ease up on current rates or planned rate increases. Suggests that growth might be returning. Nothing about price increases. The number is really big! Unemployment claims up slightly also doesn't support rates price increases.

Not neccesserčy. The hiring was mostly in hospitality, which is expected as the summer and tourists spike.
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  • #756,414
  • Jul 6, 2023 6:11am Jul 6, 2023 6:11am
Quoting TheWraith
{quote} We'll see in an hour what's happening.
Tomorrow and Monday we will get a better picture of what is happening!
Today and tomorrow, scalp the trend when you can 'see it'.
  • #756,415
  • Jul 6, 2023 6:12am Jul 6, 2023 6:12am
It could level out the shorters, pick liquidity and drop down further.
  • #756,416
  • Jul 6, 2023 6:15am Jul 6, 2023 6:15am
Finally some action haha.
  • #756,417
  • Jul 6, 2023 6:33am Jul 6, 2023 6:33am
Quoting Cetka
{quote} Not neccesserčy. The hiring was mostly in hospitality, which is expected as the summer and tourists spike. {image}
Nothing in this data that supports price increases or drops which is what the FED is supposed to respond to. Higher employment is a 'sign' that the fed is doing the right thing not that they should change anything.
  • #756,418
  • Edited 7:13am Jul 6, 2023 6:35am | Edited 7:13am
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the or gaz mike
12777wait
76,4 niks point for
wait lucifer
burn of
  • #756,419
  • Jul 6, 2023 6:36am Jul 6, 2023 6:36am
Quoting Traderview
{quote} still holding it
Finally it started moving.
Exhausted
  • #756,420
  • Jul 6, 2023 6:37am Jul 6, 2023 6:37am
We don't need to predict anything. We just need volatility.
Trade at your own risk.
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