Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} GOLD TP earlier position. continue scalping on next set up : QM {image}

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Quoting pipfarm

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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.

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Quoting BeeTogether

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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

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Quoting BeeTogether

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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

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Quoting pipfarm

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{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...

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Quoting Pat Chiko

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{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...

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Quoting Pat Chiko

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{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.

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Quoting pipfarm

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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.

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Quoting Headland

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{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...

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Quoting dantpm

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{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.

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Quoting Elysion

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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

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