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Cable Update (GBPUSD)

  • #806,901
  • Feb 2, 2024 3:03am Feb 2, 2024 3:03am
Now that asian session is closed things well be more clear, for now only trapping retailers.
chaos is just unknown order
  • #806,902
  • Feb 2, 2024 3:04am Feb 2, 2024 3:04am
The liquidity was taken and rejected in 1 hour . waiting for the 4 hour confirmation to add shorts these levels
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Read the chart... Fundies are catalyst...
  • #806,903
  • Feb 2, 2024 3:05am Feb 2, 2024 3:05am
Retest then break out sell
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My telegram: https://t.me/avidforex
  • #806,904
  • Feb 2, 2024 3:07am Feb 2, 2024 3:07am
Quoting montygoldy
{quote} which firm?
I use fundingpips. posted it 2 days ago
#Stay blue. /swinger/scalper/
  • #806,905
  • Feb 2, 2024 3:12am Feb 2, 2024 3:12am
You are supposed to drop mf
Bullshit crooky move
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yes yes yes
  • #806,906
  • Feb 2, 2024 3:19am Feb 2, 2024 3:19am
Hours before news is always annoying
#Stay blue. /swinger/scalper/
  • #806,907
  • Feb 2, 2024 3:21am Feb 2, 2024 3:21am
...gotta luuuuuuuuuuve a bit of rbs

1hr below
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Trader with an Edge.
  • #806,908
  • Feb 2, 2024 3:24am Feb 2, 2024 3:24am
Quoting azhantahir
{quote} Scalps. Target missing OB {image}
GBPUSD H4

Price already hints. Just follow it. IMO
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Look right, we'll see the signs
  • #806,909
  • Feb 2, 2024 3:27am Feb 2, 2024 3:27am
Quoting BeeTogether
{quote} 12730 will be tough to crack however if it does the next barrier is 127-12690
Don't get caught down there by end of NY trading bell guru will touch 29 and pass 2830 that we all talking about
average dude treading water
  • #806,910
  • Feb 2, 2024 3:30am Feb 2, 2024 3:30am
Cable giving me anxiety.
4h chart is up but the range and hourly moves are killing day trades.
But was good for scalpers.

Update: Btw, currently using this acc as my previous one got temporarily suspended due to virus detection.
My laptop kept restarting last night and my FF was log in from France.
  • #806,911
  • Feb 2, 2024 3:31am Feb 2, 2024 3:31am
Price refuse to break below.. when price is coming to retest a level of liquidity, it should create a block either a demand or supply block. Now price came to a level where we should naturally buy from and once this candle finished as a demand… then we can decide!


now I’m still watching price.
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  • #806,912
  • Feb 2, 2024 3:32am Feb 2, 2024 3:32am
Quoting azhantahir
{quote} GBPUSD H4 Price already hints. Just follow it. IMO {image}
Scalps. 2nd round. Target missing OB
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Look right, we'll see the signs
  • #806,913
  • Feb 2, 2024 3:33am Feb 2, 2024 3:33am
Stopped out.

I am out till after NFP or monday
#Stay blue. /swinger/scalper/
  • #806,914
  • Feb 2, 2024 3:34am Feb 2, 2024 3:34am
Recap.. NFP 5 JAN 2024
USD SPIKED DOWN 50 PIPS
THEN POUND SHOT UP 140 PIPS
AND BY NY CLOSE GURU GAVE BACK 40 PIPS
ITS FRIDAY BOTH WAYS WIN WIN
average dude treading water
  • #806,915
  • Feb 2, 2024 3:36am Feb 2, 2024 3:36am
Quoting montygoldy
{quote} risk free trade now.. took on only 3 accounts…. This trade should get me out of drawdown… {image} {image} {image}
positive sl hit…
Extreme gut feeling trader
  • #806,916
  • Feb 2, 2024 3:36am Feb 2, 2024 3:36am
...re NFP later. Market seems to be always expecting one of the great job-creating runs of post-war American history to come to an end (not talking about the 'quality' of jobs here,) but the numbers have thus far generally held up. What will happen this time around? As usual it will depend on market's interpretation of the numbers and particularly -versus- previous, and forecasts.
Trader with an Edge.
  • #806,917
  • Feb 2, 2024 3:36am Feb 2, 2024 3:36am
I just took my first trade for the day.
I am long.
SL 1.27353

TP 1.28128

The condition for exit is simple.

check the H1 time frame! If the present H1 candle does not form a bullish engulfing candle exit the trade.

Note: I normally exit before NFP.
I don’t trade news with risk!!! No guarantee
My telegram: https://t.me/avidforex
  • #806,918
  • Feb 2, 2024 3:39am Feb 2, 2024 3:39am
Quoting BigNumbers
I just took my first trade for the day. I am long. SL 1.27353 The condition for exit is simple. check the H1 time frame! If the present H1 candle does not form a bullish engulfing candle exit the trade.
Hi. If it does bullishly engulf on the close, it will engulf the previous 10 on that 1hr t/f. Good luck with your trade.
Trader with an Edge.
  • #806,919
  • Feb 2, 2024 3:45am Feb 2, 2024 3:45am
Quoting Headland
...re NFP later. Market seems to be always expecting one of the great job-creating runs of post-war American history to come to an end (not talking about the 'quality' of jobs here,) but the numbers have thus far generally held up. What will happen this time around? As usual it will depend on market's interpretation of the numbers and particularly -versus- previous, and forecasts.
Hi Headland sir, revised for last NFP figure will also be in focus, especially if we get a revised down.
Even if we got a > consensus NFP with lower/constant wage earnings, this could temporarily lift the dollar, as many market participants will start priced in the revised down of this NFP.
More time in the market, does not mean you trade better!
  • #806,920
  • Feb 2, 2024 3:47am Feb 2, 2024 3:47am
Quoting Headland
{quote} Hi. If it does bullishly engulf on the close, it will engulf the previous 10 on that 1hr t/f. Good luck with your trade.
I count 14 candles that could potentially by engulfed by a 60 minute candle, but some bullish and some bearish. Do you suspect that this suggests a bullish move because its up?
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