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Cable Update (GBPUSD)

  • #797,061
  • Dec 14, 2023 7:49am Dec 14, 2023 7:49am
Guru and euro all priced in from yesterday tomorrow we come down....holding my floating loss till tomorrow end bell game
average dude treading water
  • #797,062
  • Dec 14, 2023 7:50am Dec 14, 2023 7:50am
Quoting KareemAliFx
fed meeting was dovish enough for the market to not care about the strong numbers today Hold {image} {image}
The market was expecting at least news about rate cuts and the FED was pretty adamant that rate cuts were not on the horizon. Not really dovish.
  • #797,063
  • Dec 14, 2023 7:51am Dec 14, 2023 7:51am
skip morning correction after signal . now testing 2nd leg targets without having 2nd leg and should test the previous high 2732 / 2748 target and up possible . smaller wave wise broken limit 2679 is top failure but 2670/60 better may still support for next action up ! ;let it get the target to breakout opportunity if possible . waiting ! scalping short for next supports 2670/60 ok though at times . others may long also at places !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM151.png Size: 10 KB
Click to Enlarge Name: GBPUSDH4.png Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #797,064
  • Dec 14, 2023 7:52am Dec 14, 2023 7:52am
Quoting Elysion
{quote} Wouldn't daily be difficult to approach? Because the price can still move from one end to another in a single NY session. Highest I've tried to trade directly in it with my system is 1 hour chart. But if you're doing fine I would assume you have your approach on method to trade on daily timeframe view. Nice, hope to see your result publicly one day. and thanks man.
Price move a lot bothers you, OR you can view it as opportunity to capitalize the gainz, reverse psychology babe.
Since you already know it will move a lot, try design a fishing net and cast it at the market, putting buys and sells at reasonable levels that are likely to hit, and set reasonable SL and TP target for each of your trades, as long as you are always ensuring you only enter at "good enough" prices (because you can never get the best price, you dont know where are the tops and bottoms), you can minimize a lot of bad entries and get the gainz relatively stress free because it is a daily TF. My EA behave more or less what I stated in this reply, I revealed more than I should to help a bro in need, of course I won't disclose what tool I use, but you get what I mean, hopefully this reply pushes you to the right direction in approaching daily TF.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 58.1%
  • #797,065
  • Dec 14, 2023 7:53am Dec 14, 2023 7:53am
Quoting dantpm
{quote} The market was expecting at least news about rate cuts and the FED was pretty adamant that rate cuts were not on the horizon. Not really dovish.
read the statement by them again then because they clearly indicated rate cuts are coming . Why else did USD weaken across the board ?
they said at least 3 rate cuts are coming
Master your mind. Master Trading.
  • #797,066
  • Dec 14, 2023 7:54am Dec 14, 2023 7:54am
What is really happening here. ?

Good US data , still market is selling USD ?.

First
PMI is still below 50. (contraction)

Second.
There have been rumors and speculation about Saudi Arabia potentially unpegging its riyal from the US dollar for some time, but there is no official confirmation of any such plans. We will read more about this later.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #797,067
  • Dec 14, 2023 7:56am Dec 14, 2023 7:56am
Quoting KareemAliFx
{quote} read the statement by them again then because they clearly indicated rate cuts are coming . Why else did USD weaken across the board ? they said at least 3 rate cuts are coming
The US$ weakened before the press release and before Powell spoke! They have always said rate cuts are coming when 2% inflation is achieved but not before.
  • #797,068
  • Dec 14, 2023 7:58am Dec 14, 2023 7:58am
Quoting dantpm
{quote} The US$ weakened before the press release and before Powell spoke! They have always said rate cuts are coming when 2% inflation is achieved but not before.
I disagree with you completely . good thing I listen to no one but my self . I view their meeting as dovish yesterday and profiting greatly from it thus far . So don’t matter how others view it I trust my own analysis . Good luck I’m going back to bed now
Master your mind. Master Trading.
  • #797,069
  • Dec 14, 2023 7:59am Dec 14, 2023 7:59am
Sold 1.2730
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #797,070
  • Dec 14, 2023 8:00am Dec 14, 2023 8:00am
Quoting Yngwie
Sold 1.2730
same here, good luck
Risk Management is of utmost importance!
  • #797,071
  • Dec 14, 2023 8:00am Dec 14, 2023 8:00am
Quoting Pat Chiko
What is really happening here. ? Good US data , still market is selling USD ?. First PMI is still below 50. (contraction) Second. There have been rumors and speculation about Saudi Arabia potentially unpegging its riyal from the US dollar for some time, but there is no official confirmation of any such plans. We will read more about this later.
no idea whats going on either its gone up 50 odd pips in a matter of minutes, and that is after US data and EU rate freeze
Insane in the Brain..
  • #797,072
  • Dec 14, 2023 8:01am Dec 14, 2023 8:01am
Quoting Pat Chiko
GU Another BO/RT move ? With next H4 OB as target ? {image} {image}
GU

staright forward set up.
Break out Retest combo
Attached Image (click to enlarge)
Click to Enlarge Name: gu 052.jpg Size: 213 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #797,073
  • Dec 14, 2023 8:01am Dec 14, 2023 8:01am
Quoting Elysion
{quote} 7k is still rookie amount. There are veterans with 100k+ capital
You guy's are living large, 7k is pretty much a boss' salary here in Mozambique. Anyway, guess that make me a super rookie.
  • #797,074
  • Dec 14, 2023 8:01am Dec 14, 2023 8:01am
Quoting Reverso
{quote} Price move a lot bothers you, OR you can view it as opportunity to capitalize the gainz, reverse psychology babe. Since you already know it will move a lot, try design a fishing net and cast it at the market, putting buys and sells at reasonable levels that are likely to hit, and set reasonable SL and TP target for each of your trades, as long as you are always ensuring you only enter at "good enough" prices (because you can never get the best price, you dont know where are the tops and bottoms), you can minimize a lot of bad entries and...
hmm. interesting.
I'm not a fan of EA and do not have the capitals for such trading approach yet.
Probably in future when I'm more relaxed then I might venture into it.
All the best in your trades bro. Although you're already in a more relaxed approach
Exhausted
  • #797,075
  • Dec 14, 2023 8:01am Dec 14, 2023 8:01am
Quoting Pat Chiko
What is really happening here. ? Good US data , still market is selling USD ?. First PMI is still below 50. (contraction) Second. There have been rumors and speculation about Saudi Arabia potentially unpegging its riyal from the US dollar for some time, but there is no official confirmation of any such plans. We will read more about this later.
Pat follow the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: DXY 12.15 daily.png Size: 44 KB
Always trade your own plan...I don't provide trading signals.
  • #797,076
  • Dec 14, 2023 8:01am Dec 14, 2023 8:01am
Gold short at 2048
  • #797,077
  • Dec 14, 2023 8:02am Dec 14, 2023 8:02am
Quoting navk
If the swing high, 2733 breaks, sky high, 1.2800 is destination for this week end, which is likely. Today, may be reprieve for dollar.
it broke.
Intraday only.
  • #797,078
  • Dec 14, 2023 8:03am Dec 14, 2023 8:03am
Lol.. margin call once a week and still let traders think he know something.
  • #797,079
  • Dec 14, 2023 8:05am Dec 14, 2023 8:05am
im a 100 pips underwater from on my 2 shorts from yesterday and was gona close for a loss if retail sales disappointed but since they great i just shorted my 3rd and last one for now at 2730 to bring up my average
short trump and go long the deepstate
  • #797,080
  • Dec 14, 2023 8:06am Dec 14, 2023 8:06am
Sold gu 1.2734... target 1.2684, stop 1.2760
Data + Stat + Risk/Emotions Management
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