Cable Update (GBPUSD)

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 ££££$$$$

SLim chance for that
I don't see him pass the 1.28000 before major retracement
Look at the rejection of the last candle

maybe if NFP is red

There is an untested supply from March 11 at the level I mentioned.

Fake rise above the triangle and now back in. Im leaning towards a dump to 2650. Add the M pattern which adds confluence. I wanted higher but bears have proven to be solidly holding the forte at the top.

What a Beautiful Week!
I've never been this consistent just doing my thing trading GU only!
Don't you just love GU
Wow!!!

Time to take 1.2743 low..

The chart isn't neat yet, but I still stick to the down move since price couldn't surmount 1.28200...more down move to be expected to cover the imbalance.

If NFP takes price higher tomorrow, I'll still sell....target will be 1.27000!

I don’t want to give specifics targets, only possible swing low to take out.. a lot of possible resistance down.. hope it will crush

Gold traders, high probability for new daily high after low resistance liquidity run

Bears fighting back but OF is bullish

I don't usually trade trend lines, especially in GU but this is holding well for now. Also DXY rose mid week to fill the gap left on Monday and now is melting again. I won't be surprised if we test the recent highs again.

cable short watching support/resistance at 1.27630

so most part of the job done so far , tested 2762 , next breaks for further lows need to finish ! breaks and hold 2761 , target goes 2742,32, 08. watching , formula same morning , short at any high. better with a signal though !

similar for eurusd , so far random top ranging with decision . some sorts may needed. yesterday breaks level 0859 retest and breaks needed there . to see usdx if any chance today!

checking usdx , as last leg up to prove any bull coming within this matured bear formed !so far trustrating . better it to prove to join with her !

@scala

i think there is a chance to see a major drop on gold today or tomorrow

Yes yes yes
I started with 55 $ on Monday
I am the killer

Short in at 1.2780 target 1.2761

Hello Guys,
topic NFP,
most people think FED care a lot about NFP,
but as we our Algorithm is monitoring the Words Gets repeated in FOMC minutes since 2020 and we go back from 2014-2024 also,
anyways it is a process to see what FED cares about,
please have a good look the results we get from FOMC minutes published since 2020-2024
and every minute month and year is mentioned in the file.
anyways my point is traders cares a lot about NFP,
but we see it FED cares more about unemployment and Economic Growth, real estate is $1.3T market that effects the economy,
Core PCE then NFP,
but in short term YES nfp has a very strange effect on currencies,
but we look at bigger picture which tells us this time NFP may even Beat the Expectations 220K+
or 140K
but looking at USD index its not looking bad to be honest,

all i know is how to survive in this market and that Survival will take you a long way,
as i said many time just Try to Survive and to do that,
you must learn to control your Emotions,
don't fall for Fast moves to make quick buck it may work some times and you will be happy but in Long term after year or 2 when you will look and analyze the trading statement you will realize that News time you traded all those trades are in reality cant even balance the Sheet,
for eg if you do 2 trades on news or even 1 trade,
and look at your fx account statement and you will see that from 2023-2024 the trades you have done some made your good profit some made you lose,
but in the end of the year you might actually have not even made enough to call your self Fundamentalist,
because in reality Fundamentals are very very hard thing to learn and specially Predict,
as Romi said *Prediction is very hard Specially about the Future*
so we don't even try to do that,
just do your research if you are programmer Machine Learning is a great tool to minimize your Risk,
have a look at screen shots and then you may understand how far back you may have to do just ot understand one Currency how it works,
why it matters etc.
this just an Example out put of my Algo,
7 years of writing codes try ot understand it finally paid off and gives me a better idea about the market.
its not automatic i only trust my self,
its just a tool to help me Minimize my risk,
that is all what matters, Risk VS reward.
if you risk 100 pips to make 30 pips, trust me in long term even after 10 years you will never be a good trader,
a good trader is not who makes money but knows how to manage it,
money end up with those who knows how to mange it,
trust me many traders my self included did a lot of mistakes,
but finally realized and start learning how Economy actually works,
and its like finger print every single Country in the world is Different,
UK Economy is different then Canada and USA and Australian are Different then Asian or European Countries,
so to understand just US economy we had to do heel of research what matters to FED how they think and operate,
for UK it was different but with some help form AI made it easier actually saved a lot of time to be honest,
what is what humans actually wants Freedom, no boss work when ever you want,
that is what forex offers and that why million of new traders falls for the trap thinking it will be easy like learning a Programming language you did the course that's it,
you know can make software's etc.,
but trading is different it is not a skill anyone ever have mastered,
its not a goal its a process you trade for 30 years still you will see that market surprises you some times,
so its a journey keep learning and you will be fine,
and remember if it worked last time no matter what it was Chart pattern or news, that is not guarantee it will work Next time also,
so be careful guys,
wish you all the very best.
Trade Wisely,
remember its your money you worked hard for it,
don't risk too much,
actually there is no reward without risk, but those who made actual money in long term says,
small risk small reward will keep your account grow at steady pace,
all most big investors and real traders care about is Equity Curve,
if you are making 20% a month but Drawdown is 10-15% its not good enough,
but if you are making 10% and DD is 3% big boys love that,
even if you trade once a day or once a week just be careful about Equity,
its better to make 1% every day then 5% profit one day lose 3% second day that is called reckless trading amateur,
and after years you may read this article again and will realize what i meant,
have a good day Guys,
"spend time before money"

looks not , rather bull continue for 2393!

You are and you've trained a lot more over the years.

the only thing they cannot suppress is correlation trading.