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Cable Update (GBPUSD)

  • #756,581
  • Jul 7, 2023 3:01am Jul 7, 2023 3:01am
...prev 1hr sw lo zone to asian lo/current dly lo is under threat

1hr below
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Trader with an Edge.
  • #756,582
  • Jul 7, 2023 3:01am Jul 7, 2023 3:01am
Quoting Waveskierrob
{quote} it's a very complicated system I use, which yields about a 50/50 strike rate ...
heads you win tails you don’t?
Insane in the Brain..
  • #756,583
  • Jul 7, 2023 3:06am Jul 7, 2023 3:06am
Quoting BeeTogether
{quote} heads you win tails you don’t?
Coin flipping method
Exhausted
  • #756,584
  • Jul 7, 2023 3:06am Jul 7, 2023 3:06am
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yes yes yes
  • #756,585
  • Jul 7, 2023 3:07am Jul 7, 2023 3:07am
Quoting Moty
the dollar i strong today i am out from long gu , and took short eu {image}

Nice trade !

where is the Stop ?
  • #756,586
  • Jul 7, 2023 3:11am Jul 7, 2023 3:11am
There is a possibility of a strong NFP figure combined with a weak Canadian employment figure.
Trade at your own risk.
  • #756,587
  • Jul 7, 2023 3:11am Jul 7, 2023 3:11am
Quoting BeeTogether
{quote} heads you win tails you don’t?
how could you possibly know that, thought my system was sacrid, just don't tell anyone else...
  • #756,588
  • Jul 7, 2023 3:13am Jul 7, 2023 3:13am
Long 1.2725 SL 1.2700
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #756,589
  • Edited 3:36am Jul 7, 2023 3:20am | Edited 3:36am
...price just dipped below that prev 1hr sw lo zone to Asian lo to print a new current dly lo..in that prev 1hr sw hi zone that had been disrespected as pot rbs on the run down from y/day's hi. Tight stops triggered of long positions? Shake-out of the weak hands?

1hr below

...liquidity is easy at the retail level - we get instant fills and hardly any slippage [these days,] (save maybe for fast-moving immediate post data times) from our brokers cause they are on the other side of the trade (despite what they may say.) But for institutional players interbank, and on even say cme globex futures where the order book is in view, they have to seek it out.
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Trader with an Edge.
  • #756,590
  • Jul 7, 2023 3:38am Jul 7, 2023 3:38am
Quoting Elysion
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.
As an odd thing, cable has copied GA's pattern that occured 13th june. Cable has made a high yesterday while GA made a low.
POSTMASTER
  • #756,591
  • Jul 7, 2023 3:39am Jul 7, 2023 3:39am
Quoting Robinhood1
{quote} As an odd thing, cable has copied GA's pattern that occured 13th june. Cable has made a high while GA made a low.
I am expecting cable to break 1.2591
POSTMASTER
  • #756,592
  • Jul 7, 2023 3:42am Jul 7, 2023 3:42am
Quoting Robinhood1
{quote} I am expecting cable to break 1.2591
GA may start forming wave #3
POSTMASTER
  • #756,593
  • Jul 7, 2023 3:44am Jul 7, 2023 3:44am
This is where the buy limits and sell limits are. As a market maker, what are you going to do to make money in such a situation?
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  • #756,594
  • Jul 7, 2023 3:44am Jul 7, 2023 3:44am
I am going by navk's logic that since asia high was not broken convincingly by LO, it will be bearish for the day....simple
  • #756,595
  • Jul 7, 2023 3:45am Jul 7, 2023 3:45am
"Mr. Yen" said he sees USD/JPY at 160. Time to start preparing Short Orders.

NFP likely to come out hot as hell.
However, this will only provide a better price to start Shorting.

Inflation falling at rapid pace, by 1% each Month in the last 3 Months. If this continues, Fed has messed up and overtightened.

Core inflation lags behind always.
  • #756,596
  • Jul 7, 2023 3:47am Jul 7, 2023 3:47am
Patterns are the result of a mathematical calculation. If done correctly, price will be respected no matter how powerfull the MM is
POSTMASTER
  • #756,597
  • Jul 7, 2023 3:48am Jul 7, 2023 3:48am
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yes yes yes
  • #756,598
  • Jul 7, 2023 3:50am Jul 7, 2023 3:50am
Quoting TonyTepeli
{quote} Well said Buddy, couldn't wait tomorrow though so I have a buy position now, My expectations: NFP number will be green tomorrow If we will have a green NFP number this means there is great chance that cable will be bullish to accomodate tomorrow red spike, of course if there will be a red spike Hey don't get me wrong we are talking in terms of probability here, that's the beauty of it , if am wrong then I'll take a loss gracefully Go bulls go
Hello beeTogether, it turned out my math was right as well as your call ,

Now we are waiting for the second math of probability, if it went as we thought,will the spike be red( bearish) , well we are about to find out but it's my little sweet innocent guess as a newbie, the spike will be bearish
I live in the future
  • #756,599
  • Jul 7, 2023 3:50am Jul 7, 2023 3:50am
Quoting Elysion
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.
im shorting GA too..targetting 1.911 before nfp
  • #756,600
  • Jul 7, 2023 3:53am Jul 7, 2023 3:53am
Quoting Halfcents
This is where the buy limits and sell limits are. As a market maker, what are you going to do to make money in such a situation? {image}
gap up and down twice...then flat
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