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Cable Update (GBPUSD)

  • #820,281
  • Apr 5, 2024 5:56am Apr 5, 2024 5:56am
I don't know what I was thinking about
It's all long from lo
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yes yes yes
  • #820,282
  • Apr 5, 2024 5:59am Apr 5, 2024 5:59am
Quoting Moty
{image}
dude it could be a drop all the way to the bottom is NFP is good
Insane in the Brain..
  • #820,283
  • Apr 5, 2024 6:00am Apr 5, 2024 6:00am
Quoting Moty
I don't know what I was thinking about It's all long from lo {image}
its called “bias”
you think it goes down, so you brain deny any evidence telling otherwise.
90% of traders use TA, indicators and prediction
  • #820,284
  • Apr 5, 2024 6:07am Apr 5, 2024 6:07am
Quoting suhas316
{quote} {image}
rejection from resistance, I hope it will go down...let's see
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!! Radha Radha !!
  • #820,285
  • Apr 5, 2024 6:07am Apr 5, 2024 6:07am
Speaking bout bias…
I’m biased short on cable.

But

would be too easy to see a straight move down.
thats what i hope anyway…. Day closing straight into 1.24 area.

stops @be so I will be just watching and at worst, ending with some profits left on the board.
90% of traders use TA, indicators and prediction
  • #820,286
  • Apr 5, 2024 6:20am Apr 5, 2024 6:20am
if you're looking for straight down you're probably wrong
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #820,287
  • Apr 5, 2024 6:22am Apr 5, 2024 6:22am
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Dollar index
  • #820,288
  • Apr 5, 2024 6:23am Apr 5, 2024 6:23am
Quoting eyefeelsix
{quote} nfp today, sl in (+) and I decided to hold my short positions {image}

atm add the last short tp set to 1.2544

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https://breakpullback.com
  • #820,289
  • Apr 5, 2024 6:28am Apr 5, 2024 6:28am
My h1 view
after the move up from 1.2570 price did not find support in the blue rectangle 1.2640/1.2650 area
failed twice going also back below the day open.

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nearest support is today's low and the whole around area 1.2590/1.2615

in case price will move up due to strong reasons (NFP favoring USD weakness), I will be try to find a biy opportunity if the 2640 / 2650 shows as support.
in case price will go down (NFP favoring USD strength), will just watch it falling and waiting to add more shorts along the way.
90% of traders use TA, indicators and prediction
  • #820,290
  • Apr 5, 2024 6:30am Apr 5, 2024 6:30am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #820,291
  • Apr 5, 2024 6:32am Apr 5, 2024 6:32am
Quoting Bones
if you're looking for straight down you're probably wrong {image}
look at the 20/27th august weekly candle
up above previous then down 150 pips from open.
it happens. must be reasons of course.

let's see
90% of traders use TA, indicators and prediction
  • #820,292
  • Apr 5, 2024 6:34am Apr 5, 2024 6:34am
Let's be a bit sarcastic: "Hey, Volatility, where have you been today?" "Well, I was home till NFP, you know..."
"Are you really coming back at NFP?" "Well, depends... only if there is a big surprise for me."
"I see. But how shall I earn money than without you? You know, I need you for that." "Well,...JUST GET A BROKER AND RIP THE PEOPLE WITH THE SPREAD.Period."

F*ck the spread. My broker gets half or even more of my daily earnings due to spread. *rrrrr*

GBP/USD Vola 2 hours: 10 Pips. Spread: 1.5 Pips. How??? I want free markets, damn.
  • #820,293
  • Apr 5, 2024 6:37am Apr 5, 2024 6:37am
Market looks like its begging to go up. Hope NFP isn't a party pooper.
  • #820,294
  • Apr 5, 2024 6:39am Apr 5, 2024 6:39am
Quoting JackintheBox
Let's be a bit sarcastic: "Hey, Volatility, where have you been today?" "Well, I was home till NFP, you know..." "Are you really coming back at NFP?" "Well, depends... only if there is a big surprise for me." "I see. But how shall I earn money than without you? You know, I need you for that." "Well,...JUST GET A BROKER AND RIP THE PEOPLE WITH THE SPREAD.Period." F*ck the spread. My broker gets half or even more of my daily earnings due to spread. *rrrrr* GBP/USD Vola 2 hours: 10 Pips. Spread: 1.5 Pips. How??? I want free markets, damn.
It is a free market.....free for the brokers that is.
  • #820,295
  • Apr 5, 2024 6:41am Apr 5, 2024 6:41am
Quoting eyefeelsix
{quote} atm add the last short tp set to 1.2544 {image}
There is a possibility for nfp to come lower than expected with high number of people quitting their full time and part time jobs.
Got buy in nas100 and us500 while short in GU and EU. Dont even know what the hell am doing
More time in the market, does not mean you trade better!
  • #820,296
  • Apr 5, 2024 6:43am Apr 5, 2024 6:43am
Quoting _BBKing_
{quote} look at the 20/27th august weekly candle up above previous then down 150 pips from open. it happens. must be reasons of course. let's see
that candle only went down
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #820,297
  • Apr 5, 2024 6:45am Apr 5, 2024 6:45am
this candle went down then up, i give a 5% probability of going back to that low this week and thats generous
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #820,298
  • Apr 5, 2024 6:54am Apr 5, 2024 6:54am
NFP day is upon us and i am long from 2634


Looks like the move up could be a nice impulse move within H1 upswing, not expecting a huge move up maybe 40 pips then a sharp turn around for shorts
Follow The Markets Structure - Patience and Discipline
  • #820,299
  • Apr 5, 2024 6:56am Apr 5, 2024 6:56am
Quoting Bones
{quote} that candle only went down
nope
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anyway, it's not the same scenario.
I just don't rely too much on candle formations, mostly as long as they are not closed.

today, there are some tricks on the chart.
we see a strong rise from 1.2540/70 and so we believe it will keep going.
we see a rejection from 1.2680/1.27 and so we believe it will keep going.

let's see what market will do
90% of traders use TA, indicators and prediction
  • #820,300
  • Apr 5, 2024 6:58am Apr 5, 2024 6:58am
Quoting fardeen1209
{quote} there is a possibility for nfp to come lower than expected with high number of people quitting their full time and part time jobs. Got buy in nas100 and us500 while short in gu and eu. Dont even know what the hell am doing
you better exit yo short in gu ....gbpusd is in for an uptrend the 4hr pullback has ended .....and any news now is to support uptrend drive.
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