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Cable Update (GBPUSD)

  • #807,441
  • Feb 5, 2024 7:45am Feb 5, 2024 7:45am
Quoting Yngwie
{quote} Stubborn bears! Come on 1.2550 going up Hopefully poor result for USD ISM Services PMI news later
Expecting good ISM services
More time in the market, does not mean you trade better!
  • #807,442
  • Feb 5, 2024 7:50am Feb 5, 2024 7:50am
Quoting Fardeen1209
{quote} Expecting good ISM services
Sometimes Shit Happens
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #807,443
  • Feb 5, 2024 7:52am Feb 5, 2024 7:52am
Quoting Fardeen1209
{quote} Expecting good ISM services
Given that the vast, vast majority of jobs created are governmetn jobs (non-productive services) and Hospitality (low-paid services) it might be positive. I'm just surprised to see gold being slaughtered the way that it is. When are people going to wake up about fiat, I have no idea.
  • #807,444
  • Feb 5, 2024 7:54am Feb 5, 2024 7:54am
Quoting Yngwie
{quote} Sometimes Shit Happens
The market doesn't always react to data in the manner that people expect!
  • #807,445
  • Feb 5, 2024 7:54am Feb 5, 2024 7:54am
Quoting MrFanciful
{quote} Notice how they always say it after the fact? Everyone can analyise is hindsight.
I warned everyone that gbpusd is going down its won't be coming back up for now
  • #807,446
  • Feb 5, 2024 7:55am Feb 5, 2024 7:55am
Quoting MrFanciful
{quote} Given that the vast, vast majority of jobs created are governmetn jobs (non-productive services) and Hospitality (low-paid services) it might be positive. I'm just surprised to see gold being slaughtered the way that it is. When are people going to wake up about fiat, I have no idea.
want gold to go to the 1995s got in for a quick scalp
  • #807,447
  • Feb 5, 2024 7:56am Feb 5, 2024 7:56am
I went short in the morning on the 2600 b/o
still holding.
thinking to target near 2500
SL @be
was waiting a b/o since multi weeks! now it came I have no one single reason to buy this thing until there will be good signs on h1 at least.
pretty strong down move atm for what I see.

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also long on UJ. the thing is not really showing weakness.
tight SL atm 148.19 to try the 150
this is bit scary since hovering near last weeks highs.
If stopped out, I will wait a better setup on this one
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edit: did not upload charts
90% of traders use TA, indicators and prediction
  • #807,448
  • Feb 5, 2024 8:01am Feb 5, 2024 8:01am
btw, I spent the whole weekend in wondering why the fuck I didn't short the GU before the NFP.
I got my answer:
I was scared!

that is!

because there was everything suggesting me to pick at least a small one to be increased later.

Lucky who of you is able to avoid fear in trading and to pick all the good setups
90% of traders use TA, indicators and prediction
  • #807,449
  • Feb 5, 2024 8:01am Feb 5, 2024 8:01am
Quoting Godspromise
{quote} want gold to go to the 1995s got in for a quick scalp
Alasdair McLeod from GoldMoney.com, who is a guest on a lot of financial podcasts, advises not to be surprised if gold goes to 1950
I just wasn't expecting the kind of move it's done today, but then I'm rubbish at this so what do I know?
  • #807,450
  • Feb 5, 2024 8:02am Feb 5, 2024 8:02am
Quoting Fardeen1209
{quote} Expecting good ISM services
explain?
  • #807,451
  • Feb 5, 2024 8:12am Feb 5, 2024 8:12am
Though I entered the short very late because my internet was messy. My next level of liquidity is 1.2500.

I’m anticipating 1.2500. So I’m short at the moment
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My telegram: https://t.me/avidforex
  • #807,452
  • Feb 5, 2024 8:13am Feb 5, 2024 8:13am
will close my cable short if I see a bullish b/o similar to this in the chart.
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #807,453
  • Feb 5, 2024 8:13am Feb 5, 2024 8:13am
Quoting MrFanciful
{quote} Alasdair McLeod from GoldMoney.com, who is a guest on a lot of financial podcasts, advises not to be surprised if gold goes to 1950 I just wasn't expecting the kind of move it's done today, but then I'm rubbish at this so what do I know?
look at support areas I'm in profit currently broke support area at 2016 hopefully news just pushes straight down
  • #807,454
  • Feb 5, 2024 8:14am Feb 5, 2024 8:14am
O well Bulls have bailed out leaving me with my D in handTook the loss jumped onto gold hopefully can recover half by closing bell today
It's not revenge trading Gold is quick to give cash back also quick to take it
average dude treading water
  • #807,455
  • Feb 5, 2024 8:18am Feb 5, 2024 8:18am
Quoting _BBKing_
btw, I spent the whole weekend in wondering why the fuck I didn't short the GU before the NFP. I got my answer: I was scared! that is! because there was everything suggesting me to pick at least a small one to be increased later. Lucky who of you is able to avoid fear in trading and to pick all the good setups
me with gold at 2027 now at 2016 miss all that downside and also downside from 2037 darn but sometimes we have to look at both sides suppose it went differently I would be glad so live to learn
  • #807,456
  • Feb 5, 2024 8:18am Feb 5, 2024 8:18am
Quoting Fardeen1209
{quote} Expecting good ISM services
GU buys
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Quoting Whale
{quote} explain?
Some economists opinion dont make up the market.
PA always lead the way
More time in the market, does not mean you trade better!
  • #807,457
  • Feb 5, 2024 8:21am Feb 5, 2024 8:21am
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yes yes yes
  • #807,458
  • Feb 5, 2024 8:23am Feb 5, 2024 8:23am
Quoting Fardeen1209
{quote} GU buys {image} {quote} Some economists opinion dont make up the market. PA always lead the way
very likely to develop this way!
this area can provide a jump up, must be careful imo.
Checking charts last week, I already spotted this 2550 to be not understimated
Quoting _BBKing_
Also i would not underestimate the importance of that 1.25 {image}
indeed i'm looking at charts with finger ready to close my shorts.
90% of traders use TA, indicators and prediction
  • #807,459
  • Feb 5, 2024 8:32am Feb 5, 2024 8:32am
Quoting _BBKing_
{quote} very likely to develop this way! this area can provide a jump up, must be careful imo. Checking charts last week, I already spotted this 2550 to be not understimated {quote} indeed i'm looking at charts with finger ready to close my shorts.
Getting it right or wrong should not be the focus, but instead spending time looking at setup, proves to be more conducive.

Today many are focsuing on Services price paid together with PMIs

ISM news are more likely standalone news with independent surveys.
Same like ADP.
Couple of times MMs make the move wild on the news release to grab retails' attention then they used it as manipulation.
More time in the market, does not mean you trade better!
  • #807,460
  • Feb 5, 2024 8:32am Feb 5, 2024 8:32am
Quoting Zebi
long 2606 to scalp tp 2640 sl 2590

i got stopped out overnite while was sleeping,,,guess i was too optimistic ...price reached 2630

if i go long again will keep profit targets small
short trump and go long the deepstate
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