New Cable Thread & Other Pairs | Page 283 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Problem: S&R/Trend-lines appear in other pairs 19 replies

Charts, Charts, Charts! 1 reply

Link Charts & Floating Charts 4 replies

Attachments: New Cable Thread & Other Pairs
Exit Attachments

New Cable Thread & Other Pairs

  • #5,641
  • Jun 6, 2024 7:22am Jun 6, 2024 7:22am
The gradual grinding down is more of retrace.. it looks like.

There is no impact candle yet.

Will watch out news event
Intraday only.
  • #5,642
  • Jun 6, 2024 7:24am Jun 6, 2024 7:24am
Quoting pedro319
1.0861 {image}
  • #5,643
  • Jun 6, 2024 7:26am Jun 6, 2024 7:26am
Quoting ethmageeth
{quote}
Don't forget to reward yourself with some!
We watch the charts from every angle so you don't have to!!
  • #5,644
  • Jun 6, 2024 7:28am Jun 6, 2024 7:28am
Quoting Mitiblotch
My plan today: {image}
Trade removed. Price didn't touch my entry.
  • #5,645
  • Jun 6, 2024 7:31am Jun 6, 2024 7:31am
Quoting pedro319
{quote} Don't forget to reward yourself with some!
yessir!
  • #5,646
  • Jun 6, 2024 7:41am Jun 6, 2024 7:41am
The stage is now for Madame Lagarde (old bitch)
We watch the charts from every angle so you don't have to!!
  • #5,647
  • Jun 6, 2024 7:45am Jun 6, 2024 7:45am
Quoting Mitiblotch
{quote} Commercio rimosso. Il prezzo non ha toccato la mia voce.
So close
I'll Sell when price is heading to Hell
  • #5,648
  • Jun 6, 2024 7:45am Jun 6, 2024 7:45am
Quoting pedro319
The stage is now for Madame Lagarde (old bitch)
with or without a tie?
...I Bet You Ain't Never Seen A Donkey Fly!
  • #5,649
  • Jun 6, 2024 7:46am Jun 6, 2024 7:46am
Quoting dilidanjaro
{quote} with or without a tie?
If she wants to hang herself only !! (Joking)
That would kill little Euro!!
We watch the charts from every angle so you don't have to!!
  • #5,650
  • Edited Jun 7, 2024 6:08am Jun 6, 2024 7:51am | Edited Jun 7, 2024 6:08am
Sorry NY, the Shop is already closed)
'In the clearing stands a boxer And a fighter by his trade..'
  • #5,651
  • Jun 6, 2024 8:07am Jun 6, 2024 8:07am
think i posted this b4 but always worth watching again. i took a pension out when i was 18. deposited 3k in it, i added at least 1k each year --- some yrs a bit more depending on the business profits. I can tell you it all stacks up a shitloada money ££££$$$$

Inserted Video
  • #5,652
  • Edited 8:21am Jun 6, 2024 8:09am | Edited 8:21am
Sold GU at 2780. It ran above the triangle and came back in. EU cannot save itself from demise. I will short EU at 0880 if it touches it again. I will hold both trades through NFP. Tired of the fakery.

Active trades:
GU short @ 2780. TP: 2650
EU short @ 0880. TP: 0770
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240606_141727.jpg Size: 533 KB
  • #5,653
  • Jun 6, 2024 10:40am Jun 6, 2024 10:40am
Quoting Mitiblotch
Sold GU at 2780. It ran above the triangle and came back in. EU cannot save itself from demise. I will short EU at 0880 if it touches it again. I will hold both trades through NFP. Tired of the fakery. Active trades: GU short @ 2780. TP: 2650 EU short @ 0880. TP: 0770 {image}
good luck, but i think you forgot the most important thing, a sl..
...I Bet You Ain't Never Seen A Donkey Fly!
  • #5,654
  • Jun 6, 2024 10:53am Jun 6, 2024 10:53am
Quoting T721
{quote} Gold Update ---- going in the preferred direction so far but tbh i was expecting a faster move than this {image}
Gold update.... slow n frustrating trade, was in profit then drawdown then profit ---- like WTF..... anyway not too bad if you have Balls n Patience
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2024-06-06 at 16.47.01.png Size: 24 KB
  • #5,655
  • Jun 6, 2024 10:54am Jun 6, 2024 10:54am
Quoting dilidanjaro
{quote} good luck, but i think you forgot the most important thing, a sl..
Thanks for looking out for me. Consider the following points:

1. I have a stop. I intentionally didn't mention it. There is a hard stop in those trades.

2. SL is not the most important thing in trading; money management (MM) is. SL can be part of MM but both are not mutually inclusive. I have a SL in these trades simply because of the calculated risk I put, as it's a prop account. Some other trades I put no stop, I simply hedge out of the trade with overall profit, or even profit on both sides.

Many ways to trade.
  • #5,656
  • Jun 6, 2024 10:56am Jun 6, 2024 10:56am
Quoting T721
{quote} Gold update.... slow n frustrating trade, was in profit then drawdown then profit ---- like WTF..... anyway not too bad if you have Balls n Patience {image}
They want to keep things in the middle until NFP. Imagine ECB which used to produce 300 plus pips back in the day is now a nothing bugger.
  • #5,657
  • Edited 12:57pm Jun 6, 2024 12:46pm | Edited 12:57pm
EURUSD

So the market is saving its cards for tomorrow's big NFP day.

The thing for me is clear, this month should be bearish for USD (no matter what tomorrow's NFP number is), so the only short positions I will open below 1.0964 will be scalps, no positional trades.

That said, tomorrow's NFP report becomes crucial. A lower than expected number in tomorrow's NFP accompanied by a downward revision of March's 313k, would put us on the verge of a first Fed rate cut in July, and the 1.10 resistance would be challenged during this month of June.

So we have 3 scenarios:

1) NFP lower or in line with expectations: This flies up, with the first resistance at 1.0933 (FIB + bearish Butterfly), point where I will try a short scalp (Entry: 1.0933 SL: 1.0944 TP: 1.0905).

2) Lower than expected NFP + considerable downward revision of March's 313k: I add longs, expecting 1.10 to be challenged.

3) Higher than expected NFP: Any downward movement resulting from higher than expected NFP I will consider as manipulation, so I will be looking for buying opportunities. The best of those buying opportunities would be at 1.07785, if they have the generosity to take it there, it's as simple as buying there and selling at 1.0933 (while taking some profits at 1.0884).


Good luck everyone for tomorrow!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-06-06_19-41-11_d0a9c.png Size: 32 KB
@Fran_Trades
  • #5,658
  • Jun 6, 2024 1:04pm Jun 6, 2024 1:04pm
Quoting Kwt4x
{quote} news do not change direction, in uptrend, bad news is a pullback, good news is a push for higher high. vice versa for downtrend. ECB cutting(or not) iRate is irrelevant. {image}
EU week|month direction and range with upper ranges levels to break

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 5306.png Size: 52 KB


EU month|3months direction and range with upper ranges levels to break

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 5307.png Size: 50 KB
"the public is not yet ready for it" W.D. GANN
  • #5,659
  • Jun 6, 2024 1:43pm Jun 6, 2024 1:43pm
Quoting minhtri
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 719.png Size: 30 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 720.png Size: 30 KB
  • #5,660
  • Jun 6, 2024 10:17pm Jun 6, 2024 10:17pm
GBPJPY 15min, strong squeeze. There is only one direction. It went down after that, so I closed two short positions.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-cd(M15)_2024.06.07_120134.jpg Size: 108 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-cd(M5)_2024.06.07_120743.jpg Size: 107 KB
1 trader viewing now