Cable Update (GBPUSD) | Page 39795 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #795,881
  • Dec 8, 2023 4:40am Dec 8, 2023 4:40am
Partial tp 15pips.
I'm not joining NFP today however I'll look at the price later after news to see if the price moved as per my analysis.

Trade safe peeps.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-12-08-18-43-01-611_net.metaquotes.metatrader5.jpg Size: 318 KB
Exhausted
  • #795,882
  • Dec 8, 2023 4:43am Dec 8, 2023 4:43am
...last 30min close bullishly engulf thrust the prev 5 on that t/f, 15min was an engulfing thrust too down there...4hr; top of the falling wedge under threat?

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Trader with an Edge.
  • #795,883
  • Dec 8, 2023 4:44am Dec 8, 2023 4:44am
Quoting Pat Chiko
{quote} GOLD TP earlier position. continue scalping on next set up : QM {image}
GOLD

GOLD having similar set up with GU

Attached Image (click to enlarge)
Click to Enlarge Name: gold 012.jpg Size: 154 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,884
  • Dec 8, 2023 4:47am Dec 8, 2023 4:47am
Interesting move up over 30 pips in less than an hour. Is this a liquidity hunt? Can’t see anything from a data perspective. NFP in less than 3 hours
Insane in the Brain..
  • #795,885
  • Dec 8, 2023 4:50am Dec 8, 2023 4:50am
Quoting pipfarm
NFP day, last month i smashed it with a 200 pip trade long, this month not looking so good for a trade , at least on GU, will make an assessment later on today.

Looking at the charts i think this NFP is not going to be decisive for direction, could be a messy one.


H1 is currently in what looks like a correction to the downside against H4 which is in an upswing

The h4 upswing is against D1 swing which is down with W1 and D1 downswing is assumed corrective as it is moving against W1 which is in an upswing



so the situation is corrective/ corrective/corrective on three timeframes which is why i think it will be messy .

we could see the H1 swing move up to continue the H4 corrective move and then move down to continue the D1 corrective move , so today i will stand aside on GU and let you guys have all the fun.
Follow The Markets Structure - Patience and Discipline
  • #795,886
  • Dec 8, 2023 4:52am Dec 8, 2023 4:52am
Quoting BeeTogether
Interesting move up over 30 pips in less than an hour. Is this a liquidity hunt? Can’t see anything from a data perspective. NFP in less than 3 hours
daily s1, support zone and targeting daily pivot
trading is like dancing, don't think and just listen to the music!
  • #795,887
  • Dec 8, 2023 4:52am Dec 8, 2023 4:52am
Quoting BeeTogether
Interesting move up over 30 pips in less than an hour. Is this a liquidity hunt? Can’t see anything from a data perspective.
NFP in less than 3 hours
That's why they called it NFP “Not For Professionals” and in French they called it “No Fukin Problem”.

Will closed all position before data release and to find a position after the news (depending on price action set up),
I don't open a position at news time.
Always wait for the data to come out,

Take car buddy, stay cool.
Just stay focus, if you want to know how, just ask.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,888
  • Dec 8, 2023 4:54am Dec 8, 2023 4:54am
...bottom of a prev 30min sw lo zone = prev supp = pot sbr, Dly Pivot and 2 x fibs @ current p/back hi of the Asian/current dly hi- current dly lo lo move. 1hr close coming up could bullishly engulf too? 1st downside break of the Asian lo was false.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Trader with an Edge.
  • #795,889
  • Dec 8, 2023 4:56am Dec 8, 2023 4:56am
Gold interestingly enough looks like a clear down trade

H4 in correction against D1 and D1 is in correction move down with W1 , overall the D1/W1 swing down is corrective but the next leg down on H4 is the impulsive part of the correction or leg C , so a possible trade with a close below 2020.15 which would send H4 into the impulse trend down



Keep in mind gold down= dollar up, so if dollar goes up sterling goes down.
Follow The Markets Structure - Patience and Discipline
  • #795,890
  • Dec 8, 2023 4:58am Dec 8, 2023 4:58am
I am leaving these long trades open for TP at 1.2620 or prior to NFP.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxH4.png Size: 21 KB
Intraday only.
  • #795,891
  • Dec 8, 2023 4:59am Dec 8, 2023 4:59am
Quoting pipfarm
{quote} Looking at the charts i think this NFP is not going to be decisive for direction, could be a messy one. H1 is currently in what looks like a correction to the downside against H4 which is in an upswing The h4 upswing is against D1 swing which is down with W1 and D1 downswing is assumed corrective as it is moving against W1 which is in an upswing so the situation is corrective/ corrective/corrective on three timeframes which is why i think it will be messy . we could see the H1 swing move up to continue the H4 corrective move and then move...
a trendline break occurred in the north a few days ago, which may determine the path to the south.

D1.
  • #795,892
  • Dec 8, 2023 5:00am Dec 8, 2023 5:00am
Quoting Pat Chiko
{quote} GU In anticipation of tomorrow's ADP data release, I believe there are potential market manipulations at play. Considering public knowledge suggests the data will be lower than projected, it's plausible that buyers are preparing to sell USD. This could create an opportunity for market makers to manipulate the price downwards, potentially reaching 1.24500 and triggering stop-loss orders. The same was anticipated when JOLTS was low, now ADP still low, NFP will really send DXY home. Or is it another manipulation games by MM to get retail traders...
Seems like the market wanted the 25500 liquidity, a little less expensive than 24500!
  • #795,893
  • Dec 8, 2023 5:02am Dec 8, 2023 5:02am
Quoting Pat Chiko
{quote} That's why they called it NFP “Not For Professionals” and in French they called it “No Fukin Problem”. Will closed all position before data release and to find a position after the news (depending on price action set up), I don't open a position at news time. Always wait for the data to come out, Take car buddy, stay cool. Just stay focus, if you want to know how, just ask.
Hi. Lol!! How true.

My favoured post-NFP release plays are;

a. Get with any momentum (spreads allowing,) particularly on any thrust candle closes 1min+, (pot supp/res factors allowing.)
b. In the event of a strong decisive downside move - buy the 1st lo, sell the 1st p/back.
c. In the event of a strong decisive upside move - sell the 1st hi - buy the 1st p/back.

Of course, as you rightly say, you have to judge the reaction and PA before just jumping in. Many times I am flat until it settles down and of course, like you, always flat going in, unless stop is @ better than b/e with forecasts in favour, then I might hold an open trade going in, but it's a rare event for me.
Trader with an Edge.
  • #795,894
  • Dec 8, 2023 5:03am Dec 8, 2023 5:03am
Quoting pipfarm
Gold interestingly enough looks like a clear down trade H4 in correction against D1 and D1 is in correction move down with W1 , overall the D1/W1 swing down is corrective but the next leg down on H4 is the impulsive part of the correction or leg C , so a possible trade with a close below 2020.15 which would send H4 into the impulse trend down Keep in mind gold down= dollar up, so if dollar goes up sterling goes down.
Gold hasn't been following the typical US$ and GU trading patterns lately. Periodically but not consistently! For the last hour the US$ has been almost flat and gold all over the place.
  • #795,895
  • Dec 8, 2023 5:06am Dec 8, 2023 5:06am
May news time pa, before come neutral now position weekend! 2633 / bounce target 2651 + while previous low to below 2506 limit breaks just! So 150 pips range even possible! Shake the whole tree to harvest all ripe to fall! Take care
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231208-150237.png Size: 73 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #795,896
  • Dec 8, 2023 5:10am Dec 8, 2023 5:10am
Quoting Headland
{quote} Hi. Lol!! How true. My favoured post-NFP release plays are; a. Get with any momentum (spreads allowing,) particularly on any thrust candle closes 1min+, (pot supp/res factors allowing.) b. In the event of a strong decisive downside move - buy the 1st lo, sell the 1st p/back. c. In the event of a strong decisive upside move - sell the 1st hi - buy the 1st p/back. Of course, as you rightly say, you have to judge the reaction and PA before just jumping in. Many times I am flat until it settles down and of course, like you, always flat going...
Same, I do your a,b,c most of the time during news.
Requires precise observation at times
Exhausted
  • #795,897
  • Dec 8, 2023 5:11am Dec 8, 2023 5:11am
Quoting dantpm
{quote} Gold hasn't been following the typical US$ and GU trading patterns lately. Periodically but not consistently! For the last hour the US$ has been almost flat and gold all over the place.
UJ and Gold, both is all over the place.
But GOLD is rangy af. tight channel
Exhausted
  • #795,898
  • Dec 8, 2023 5:11am Dec 8, 2023 5:11am
Daily Pivot being a cock block again for any moves up for the past few days haha
  • #795,899
  • Dec 8, 2023 5:12am Dec 8, 2023 5:12am
Quoting Elysion
I have something that I'll never understand. I have 2 accounts. A: Old account, used to trade in a swing scalp method (holding for at least 20 pips and above) B: New account with aggressive scalping method. My account A tend to lose a lot recently while my account B have close to 100% win rate. Today's data: A: loss 2 trades today B: win 4 trades + 1(in progress) today. Is my account A cursed
dont use different method on same pair..you will lost ur focus..
  • #795,900
  • Dec 8, 2023 5:12am Dec 8, 2023 5:12am
Cable long tp 1.26100
848 traders viewing now