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Cable Update (GBPUSD)

  • #806,961
  • Feb 2, 2024 6:01am Feb 2, 2024 6:01am
Quoting Ferna
{quote} 5 seconds here.
took me much longer but i am 60. you just a kid, well done
  • #806,962
  • Feb 2, 2024 6:06am Feb 2, 2024 6:06am
Quoting BigNumbers
I’m not a fan of NFP. But this is what I think {image}
Most likely what it will be.
  • #806,963
  • Feb 2, 2024 6:11am Feb 2, 2024 6:11am
Quoting azhantahir
{quote} Scalps. 2nd round. Target missing OB {image}


H4 vs H4. Going for buying above 1.275 and SL below 1.274. Targeting missing OB above 1.277 and 1.278. IMO
Look right, we'll see the signs
  • #806,964
  • Feb 2, 2024 6:20am Feb 2, 2024 6:20am
Quoting T721
Just coz market is quite thin b4 news {image}
Last one
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  • #806,965
  • Feb 2, 2024 6:24am Feb 2, 2024 6:24am
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  • #806,966
  • Feb 2, 2024 6:24am Feb 2, 2024 6:24am
Quoting T721
{quote} Last one {image}
Hahahaha... this is horrible but funny!
  • #806,967
  • Edited 6:45am Feb 2, 2024 6:26am | Edited 6:45am
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71% Retail short GU

Source: FXSSI.com


edit: I didn't realise Mitiblotch already posted this, by the time I replied.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 20.2%
  • #806,968
  • Feb 2, 2024 6:26am Feb 2, 2024 6:26am
Quoting JackintheBox
As my stats tell me, pros or whoever initiated that move up, cleared only very few longs yet but some. They hope for weak NFP numbers to spike market up and sell the stuff to the crowd - but forecast of NFP is already lower than last time numbers. We had no big retrace yet, -on any important USD pair which speaks for high risk from pros today. Not sure what will happen if NFP is better than expected. I think they protect their longs with heavy buyings around 1.2720's in case NFP is good before let it drop again. Also avg. hour earnings will have...
Tension is building on next Powells sentence, what ever he says reaction will be grandiose.

Mr Bailey is dreaming, but this is another story. Disolvence agencies rolling sleeves up as people started to queue.
Well, early Feb UK GDP will give as a clue.
  • #806,969
  • Feb 2, 2024 6:35am Feb 2, 2024 6:35am
Quoting Mitiblotch
{image}

typical
I would just reload my longs here @2756 to target straight to 3020 based on this
90% of traders use TA, indicators and prediction
  • #806,970
  • Feb 2, 2024 6:42am Feb 2, 2024 6:42am
Hmm, Could NFP bring this down?
#Stay blue. /swinger/scalper/
  • #806,971
  • Feb 2, 2024 6:47am Feb 2, 2024 6:47am
My first NFP friday in forex experience goes back to 2008 somewhere in the beginning of the year probably february or march.
That day, I didn't know anything about I just had a position which suddendly disappeared due to a massive move.
After that, over the years, I tried to figure out what makes the dollar stronger or weaker.

What I came out in the end, is that it's not only the number itself telling the direction
It's the overall employment report causing important correlation on stock markets and so with dowjones.
In few words, you could have all green and positive numbers for the US employm data, and see USDx tanking heavy.
Or you could have deep red data and see USDx flying like a rocket.

So I look @NFP as a volatility event, which will trigger eventually a good move.
But i will not buy GBPUSD because it's red NFP
Nor I will sell it if green.
I will wait and try to understand what's happening and maybe pick a trade. Or not
90% of traders use TA, indicators and prediction
  • #806,972
  • Feb 2, 2024 6:51am Feb 2, 2024 6:51am
btw, best mover on NFP is usually USD JPY.
on heavy impact NFPs, UJ price is litterally teletransported some 40-50pips away, probably not even filling stops and targets in that hole.
90% of traders use TA, indicators and prediction
  • #806,973
  • Feb 2, 2024 7:01am Feb 2, 2024 7:01am
Quoting _BBKing_
My first NFP friday in forex experience goes back to 2008 somewhere in the beginning of the year probably february or march. That day, I didn't know anything about I just had a position which suddendly disappeared due to a massive move. After that, over the years, I tried to figure out what makes the dollar stronger or weaker. What I came out in the end, is that it's not only the number itself telling the direction It's the overall employment report causing important correlation on stock markets and so with dowjones. In few words, you could have...
I haven't been trading as long as you have but I too have concluded that all news events are 'volatility events' as you call them for the market to rebalance itself. As you point out, the market doesn't react consistently to the data in the news event. As I described recently, the market also 'reacts' faster than possible for it to be a reaction to the release of the data. I believe you are better off simply following the price that the market presents.
  • #806,974
  • Feb 2, 2024 7:07am Feb 2, 2024 7:07am
Quoting firsttimer
{quote} just want to add that high can get higher or low can get lower. trade safe. risk management is key.
Really?
  • #806,975
  • Feb 2, 2024 7:08am Feb 2, 2024 7:08am
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If data pound positive we'll see 1.2800 and beyond....negative 1.2700
Don't Leave Money on the Table
  • #806,976
  • Feb 2, 2024 7:11am Feb 2, 2024 7:11am
Quoting azhantahir
{quote} H4 vs H4. Going for buying above 1.275 and SL below 1.274. Targeting missing OB above 1.277 and 1.278. IMO

3rd times. GBPUSD Focused missing OB
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Look right, we'll see the signs
  • #806,977
  • Feb 2, 2024 7:12am Feb 2, 2024 7:12am
I’m still long I just want price to do 30 pips before the Nfp.
My telegram: https://t.me/avidforex
  • #806,978
  • Feb 2, 2024 7:12am Feb 2, 2024 7:12am
Dxy can reverse now 10260, if not next daily support plenty of space to 10173
  • #806,979
  • Feb 2, 2024 7:13am Feb 2, 2024 7:13am
Quoting _BBKing_
{quote} typical I would just reload my longs here @2756 to target straight to 3020 based on this
Or, wait for a dump and then buy. It could be either way.
  • #806,980
  • Feb 2, 2024 7:16am Feb 2, 2024 7:16am
Quoting dantpm
{quote} I haven't been trading as long as you have but I too have concluded that all news events are 'volatility events' as you call them for the market to rebalance itself. As you point out, the market doesn't react consistently to the data in the news event. As I described recently, the market also 'reacts' faster than possible for it to be a reaction to the release of the data. I believe you are better off simply following the price that the market presents.
So long as I am concerned, all data is in the hands of those it should be with way before data is released. They play a make-believe game for us to believe. And yes, data doesn't set the trend in the short term.
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