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Cable Update (GBPUSD)

  • #764,221
  • Aug 4, 2023 7:43am Aug 4, 2023 7:43am
Quoting BeeTogether
Is it me or was it mixed data? Therefore not too impactful?
The way i saw it
Bad NFP - Dollar sell
Sticky Avg Earning- Dollar buy

P/S- GU downward structure both internal and external structure still intact at time of writing
More time in the market, does not mean you trade better!
  • #764,222
  • Aug 4, 2023 7:44am Aug 4, 2023 7:44am
Quoting Moty
Come on!!! {image}
Up we go
  • #764,223
  • Aug 4, 2023 7:44am Aug 4, 2023 7:44am
Quoting princecaleb
{quote} Nothing happened
I saw the spike and then saw the drop lol data was mixed. Always end up going to McDonald’s during these data releases and lose reception
Insane in the Brain..
  • #764,224
  • Aug 4, 2023 7:45am Aug 4, 2023 7:45am
I hope the EU gets boosted by the liquidity trendline coming up.
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  • #764,225
  • Aug 4, 2023 7:45am Aug 4, 2023 7:45am
Quoting BeeTogether
Is it me or was it mixed data? Therefore not too impactful?

The 'data' is flat to weak IMHO. The reaction appears to be wiping out some of the move that was made this week.
  • #764,226
  • Aug 4, 2023 7:46am Aug 4, 2023 7:46am
Quoting TheWraith
GBP/USD Weekly Chart and Daily Chart. Important, since it's Friday! Now, the chart is suggesting that if Weekly candle closes above 1.27565 that up-trend is very likely to continue. However, if price closes below 1.25212, then this would mean according to the Weekly chart that uptrend is officially over. Candle closing in-between these prices doesn't provide any conclusion. 1.2580 could potentially be the middleground for some time now just as 1.21 was before when price was in a Range between 1.18 and 1.24. {image} {image}
I think it's safe to say now that uptrend will continue. Weekly candle is probably going to close above 1.27565 at this point which means we are attacking 1.33 next.
  • #764,227
  • Aug 4, 2023 7:48am Aug 4, 2023 7:48am
Ight im out of all trades, ended break-even on the day. Think I need to stop trading news days for the most part. Or atleast wait until after, the garbage slow choppy price action before news just eats my stops.
  • #764,228
  • Aug 4, 2023 7:48am Aug 4, 2023 7:48am
Quoting BeeTogether
{quote} I saw the spike and then saw the drop lol data was mixed. Always end up going to McDonald’s during these data releases and lose reception
Lol. The bulls are afraid of letting go down pass 1.26 lol
  • #764,229
  • Aug 4, 2023 7:48am Aug 4, 2023 7:48am
Also enjoying the NFP day with my Orange Juice , My trading is waiting for next week as i need to complete further features of Trend 0.37

Bella's Blue ( beta v1.8 )

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Goddess of Thunder..
  • #764,230
  • Aug 4, 2023 7:48am Aug 4, 2023 7:48am
Quoting imjoshbrown
{quote} EURUSD is exhibiting the same structure. Hopped in long as well. NFP don't mess this up for me, people like my posts {image}
GBPUSD I closed out too early. The pair freaks me out sometimes
EURUSD and USDJPY I set stops that were like 0.1 pips too tight, had to re-enter.

Did anyone find my posts helpful? Let me know!
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Discouragement is the language of the devil. Results over hype.
  • #764,231
  • Aug 4, 2023 7:49am Aug 4, 2023 7:49am
Game over
Show me the money mf
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yes yes yes
  • #764,232
  • Aug 4, 2023 7:49am Aug 4, 2023 7:49am
Quoting Moty
{image}
The target will be around the MA200-H1. A lot of sell orders waiting the bulls there.

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Together we can be strongest
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  • #764,233
  • Aug 4, 2023 7:49am Aug 4, 2023 7:49am
Quoting TheWraith
{quote} I think it's safe to say now that uptrend will continue. Weekly candle is probably going to close above 1.27565 at this point which means we are attacking 1.33 next.
I like this view, although it was quite a deep correction if thats what it was. Im not fully convinced we're back to bull trend just yet but will be trading longs only if the day closes bullish.
  • #764,234
  • Aug 4, 2023 7:55am Aug 4, 2023 7:55am
Quoting tradexyz
aim for DPP take it from there...{image}
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  • #764,235
  • Aug 4, 2023 7:59am Aug 4, 2023 7:59am
Quoting Moty
Game over Show me the money mf {image}
You can buy the top and place the stop loss below the bottom.

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Together we can be strongest
Vantage Return This Month: na
  • #764,236
  • Aug 4, 2023 8:00am Aug 4, 2023 8:00am
Monday saw us opening near 129 but it didn’t cross over instead dropped like crazy from there, it will be interesting to see if this is the bullish turnaround bearing in mind we didn’t test the bottom of 126 either.
Insane in the Brain..
  • #764,237
  • Aug 4, 2023 8:01am Aug 4, 2023 8:01am
Quoting imjoshbrown
I've been waiting all night for this structure. Swing low violates Asia range followed by 3 hours of chop. 2 hours or less is ideal, however the dealer moves when he's ready, obviously finding's value ahead of NFP, going to likely hold the zone before the release. Notice the directional pin bars! ALL of them are to the downside as the dealer flashes their equity in an attempt to show traders "momentum" before pulling back. It's a common scenario, usually before directional swings. {image}
So is it the combination of the low activity at the tails of the distribution along with the directional pin bars that is doing the signaling? Because I see to the left in the area of the POC that there is also a set of direction pin bars and price continued down.
To free Gazans of Hamas, use whatever it takes.
  • #764,238
  • Aug 4, 2023 8:03am Aug 4, 2023 8:03am
Quoting tradexyz
{quote} {image}
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  • #764,239
  • Aug 4, 2023 8:04am Aug 4, 2023 8:04am
Quoting dantpm
{quote} It could also be simply triggering limit orders.
But aren't those limit orders liquidity?? Your reply implies that they are not.
To free Gazans of Hamas, use whatever it takes.
  • #764,240
  • Aug 4, 2023 8:04am Aug 4, 2023 8:04am
Quoting Pat Chiko
GOLD NFP {image}

GOLD

closed at TP all scalping position
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I come from the future.
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