Cable Update (GBPUSD)

Right..got the coconut oil slapped all over my forehead...geez..the memories of all the past 10 NFP trading sessions have come flooding back into view..crystal clear. NFP, PMI, FBI, CIA bring it on !!! I'm ready to whip cable's ass

Ketones are the best. You need to experience it first hand. You will never go back to carbs.

Added 144.76
Usdjpy

Yes sir, The one you draw is 4hr tf,
But the FVG also appears on 1hr and 30mins (idk for timeframe below this).

#1 I always try to mark the lowest timeframe FVG - in my case 30mins because many many times what i frequently saw is the strength of a FVG is stronger when it is overlapped on multiple timeframe and the lowest, i.e in my case on the 30mins tf majority of the time it get filled (hence yielding an entry with the lowest drawdown before the market bounce back after the 30mins FVG get filled, while leaving some space of the overlapped higher timeframe FVG unfilled).

#2 If the width of the FVG is quite large [for FX majors, i consider a FVG as large when the width > 20pips, Gold (just started trading, need to accumulate more data about the market reaction to these technical tools)- but i would consider it as large if the width > $4], then i used Consequent Encroachment which is the midpoint of the large FVG.

#3 How well the FVG will be filled- the whole FVG get filled, not get filled at all, only half way before the market bounce back from the FVG ? I saw it depends on the extended move that leaves the FVG behind; i.e if the extended move produce a Displacement BOS- when the market will do the Break out + Retest, chances are high for the FVG to NOT get filled on the first time back. The last swing high (BOS) becomes a strong support (BOS=> Resistance Support Flip) - These mainly happen in Wave 3, where majority will just wait for the market to retrace which will not come any time soon- they end up just watching the move flying or falling without them.

So far, this is the only data i have regarding FVG.
Trying to trade with only 1 technical tool or took it too literally, i think wont get someone far in this game.

Hope my little explanation sheds some light on the FVG sir.

This is it for USD... and the overall economy not just in US but world wide.
NFP revised down, hourly earnings lower and unemloyment has finally started to rise.

We can safely say that Fed is completely over with rate hikes at this point.

Us unemployment rate disappointed, so did gdp. DUMP USD. September will be all about selling usd

Just as I thought. September, USD is going down.

Time for USD will come again however, when all economies go down and something big finally breaks and they declare recession official.

I think GBP/USD is on it's way to 1.33 before the crash however.

Yen is rising like a safe haven currency that it is and always has been...

More Shorts? OH YEAH!

Wages are lower than expected, employment is up, and GDP is inline. I believe that these are stronger indicators that a US rate increase will probably be put off at least.

UJ UPDATE for any following -- not a target yet but not too bad so far

mix result no trade wait next ISM Manufacturing PMI news

it wipped my sl, however i was right about NFP number , if the deviation in unemployment rate and hourly earning was moderate i would've won.

See y'all on Monday, print my Daily money, tho i'm wrong on the fundamental figure

At the end of the day, being right on the move is all that matters, dgaf bout the fundamental figures, neither my country, nor an economist nor i can do something about it.
Now party time

Yes, in the end recession will happen and usd will appreciate, but for now, September, dump usd

Datas were mixed, but showing some ease off on price pressure, so retrace of GBP/USD was quite sure after datas. I used that on USD/JPY, Setup was better, made my money.

Nevertheless I think one more rate hike will come. Reason: Avg. hourly earnings still rise (>0) and employment rate still too low. You always have to see the whole picture, also inflation is way too high. It could be the start of a recession but that is always the problem of a central banker, you always lack behind.

They will not change behaviour this time, so rate hike highly likely until real turnaround shows.

Bought UJ at 144.5

Stalemate?

I crocked the croocks
Or i maybe i should say , i hooked and cocked the croocks
Just before the data release i moved my sl 10 pips from my be and the last low

PMI/ISM at 10...

Will smart money use it to pull the pair down?