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Cable Update (GBPUSD)

  • #756,541
  • Jul 6, 2023 11:37pm Jul 6, 2023 11:37pm
Quoting voeltoez
already short.. {image}
Is this a pre NFP news setup or a setup to run until after the news release?
  • #756,542
  • Jul 7, 2023 12:02am Jul 7, 2023 12:02am
Quoting dantpm
{quote} If NFP actually reacts to data, the expectation was set yesterday for a higher employment level so if the level is confirmed or exceeded it would suggest that the economy might be heating up implying that the fed is doing the right thing and might have to raise rates more. Avg. earnings increasing would suggest more tightening by the fed is in the future. How it balances the two impacts, anybody's guess. If it actually reacts to the data, anybody's guess. I suspect that overall we are headed to a lower USD but this might be a speedbump or...
Agreed.
So far no employment forecast has been accurate.
The us labour market is of something else.
Nomura becomes the top of my list dethroning goldman sachs in closest nfp forecast.
Two more fed hike priced in for the rest of the year.
Any indication of wage price spiral - indication for more than 2 more rate hike
More time in the market, does not mean you trade better!
  • #756,543
  • Jul 7, 2023 12:07am Jul 7, 2023 12:07am
Quoting ninner
{quote} That system is unsustainable!!!
...for you yes, but for others who possess proper trading skills it's sustainable, but with time ninner if you shut up and listen you too could become a successful trader....,...you're welcome
  • #756,544
  • Jul 7, 2023 12:34am Jul 7, 2023 12:34am
no successful close above 1.2750 in over 4 days
Even when friday make a close above it for me it’s not enough reason to go long
waiting for some Dip

i am seeing a drop toward next week

1.25
MY OPINION NOT FINANCIAL ADVISE
  • #756,545
  • Jul 7, 2023 12:47am Jul 7, 2023 12:47am
the yen is very very strong tonight.
  • #756,546
  • Jul 7, 2023 12:48am Jul 7, 2023 12:48am
Quoting Fardeen1209
{quote} Agreed. So far no employment forecast has been accurate. The us labour market is of something else. Nomura becomes the top of my list dethroning goldman sachs in closest nfp forecast. Two more fed hike priced in for the rest of the year. Any indication of wage price spiral - indication for more than 2 more rate hike

Nomura has really good forecasts.
  • #756,547
  • Jul 7, 2023 12:49am Jul 7, 2023 12:49am
Quoting BigNumbers
it is only through hard work we can achieve a sl of 3 to 5 pips and Tp of 60 pips. just imagine your strategy having 3 to 5 pips sl. Can you ever have your account blown ? This is what the present day market require to work perfectly. Because your losses will definitely outnumber your wins. So you will recover with a system like this. {image}
ICT says the broker willl open up the spread on ya with such tight SL. And nobody has less then 10 pip SL!
Its in the contract you signed with ur brokerr…
You have an IQ lower than 90 if you interact with this user.
  • #756,548
  • Jul 7, 2023 1:06am Jul 7, 2023 1:06am
Quoting voeltoez
{quote} you are extremely expert..i cant do that..if i do this maybe..100x hits sl..then 2x TP..overall is BE...lol
when they are about to move they can’t hide it from how the candle sticks print.
My telegram: https://t.me/avidforex
  • #756,549
  • Jul 7, 2023 1:07am Jul 7, 2023 1:07am
Quoting Whale
Buy stop {image}
i am long too
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 9 KB
yes yes yes
  • #756,550
  • Edited 1:30am Jul 7, 2023 1:09am | Edited 1:30am
ru wie care
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2023-07-06 23-30-06-025.png Size: 53 KB
  • #756,551
  • Jul 7, 2023 1:13am Jul 7, 2023 1:13am
Quoting dantpm
{quote} Is this a pre NFP news setup or a setup to run until after the news release?
i will leave it until monday
  • #756,552
  • Jul 7, 2023 1:18am Jul 7, 2023 1:18am
I added gold long. 15 pips sl target 200 pips.
the first entry was less than 7 pips.
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #756,553
  • Jul 7, 2023 1:25am Jul 7, 2023 1:25am
GOLD short opened 1914.50, pendings 1916, 1918, 1920
People don't plan to lose. They lose because they don't plan.
  • #756,554
  • Edited 1:44am Jul 7, 2023 1:32am | Edited 1:44am
Quoting Moty
{quote}i am long too {image}
it was yesterday bro..
im do not think buy now wait for below 1.2718

Early for intraday decision
  • #756,555
  • Edited 2:00am Jul 7, 2023 1:47am | Edited 2:00am
we needs the money or we will liquidate your positions.
  • #756,556
  • Jul 7, 2023 1:49am Jul 7, 2023 1:49am
Not trading GU today due to uncertainties.(Altho I'm with short bias due to Daily chart, NY likely a buy as navk says)
Currently shorting GBPAUD, waiting for it to hit my target of 1.916.
Been holding since yesterday. (Currently 13 hours into the trade.)

Might look into gold for scalping opportunities later.
Exhausted
  • #756,557
  • Jul 7, 2023 1:51am Jul 7, 2023 1:51am
Quoting tradexyz
Who needs the money or we will liquidate your positions.
Who needs the We want your money or so we will work to find a creative way to liquidate your positions.
  • #756,558
  • Edited 2:30am Jul 7, 2023 2:01am | Edited 2:30am
Quoting dantpm
{quote} Who needs the We want your money or so we will work to find a creative way to liquidate your positions.
keep cable burried RAVEN other wise lights out richer returns
  • #756,559
  • Jul 7, 2023 2:03am Jul 7, 2023 2:03am
GU will drop massively today ......only joking I haven't a clue...
  • #756,560
  • Jul 7, 2023 2:09am Jul 7, 2023 2:09am
Quoting Waveskierrob
GU will drop massively today ......only joking I haven't a clue...
On the contrary mr .Bond.
Ninner says it might go above 1.30.
You have an IQ lower than 90 if you interact with this user.
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