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Cable Update (GBPUSD)

  • #828,601
  • Jun 7, 2024 4:36am Jun 7, 2024 4:36am
Quoting Konichiwhaat
{quote} Thank fuck I'll be well done by then!
some of us have the fire suit
  • #828,602
  • Jun 7, 2024 4:38am Jun 7, 2024 4:38am
Nf today : I will sell.
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  • #828,603
  • Jun 7, 2024 4:42am Jun 7, 2024 4:42am
Quoting JayBag
{quote} some of us have the fire suit
I wish everyone trading the NFP the best of luck. But it's definitely not for me.

Have a great weekend everyone! Be careful with news
Emotional Control. Process, not outcome.
  • #828,604
  • Jun 7, 2024 4:46am Jun 7, 2024 4:46am
Quoting BeeTogether
3 hours till the fireworks are lit.
This one sure is going to be fireworks. So much hangs on it, way more than any NFP the last 12 months (which considering how volatile NFP used to be, it's been very calm). Expecting a lot of whipsaw and likely negative data to add to the latest collection. Think it will take market a while to figure it out and digest what to do with it.
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  • #828,605
  • Jun 7, 2024 4:47am Jun 7, 2024 4:47am
Quoting Konichiwhaat
{quote} I wish everyone trading the NFP the best of luck. But it's definitely not for me. Have a great weekend everyone! Be careful with news
To make money day trading, you need movement. A flat line means no profits. Sometimes, the news gives it the jolt it needs to get things moving.
Don't trade what you think. Just what you see!!!
  • #828,606
  • Jun 7, 2024 4:49am Jun 7, 2024 4:49am
Gold target 2328
  • #828,607
  • Jun 7, 2024 4:49am Jun 7, 2024 4:49am
Quoting Konichiwhaat
{quote} I wish everyone trading the NFP the best of luck. But it's definitely not for me. Have a great weekend everyone! Be careful with news
Thank you.

I am just hoping to be well above to cover before the news hits the wire
Cheers and have a great weekend
  • #828,608
  • Jun 7, 2024 4:52am Jun 7, 2024 4:52am
Quoting Jade Gate
{quote} This one sure is going to be fireworks. So much hangs on it, way more than any NFP the last 12 months (which considering how volatile NFP used to be, it's been very calm). Expecting a lot of whipsaw and likely negative data to add to the latest collection. Think it will take market a while to figure it out and digest what to do with it. {image}
it’s not looking promising at all. For once I will have SL in place for today
Insane in the Brain..
  • #828,609
  • Jun 7, 2024 4:56am Jun 7, 2024 4:56am
Quoting BeeTogether
{quote} it’s not looking promising at all. For once I will have SL in place for today

Headland has a good strategy for trading the news.
He said in a post he watches the 1 minute chart and will take a trade on the 3rd minute.
Slippage and spread are a killer on high impact data news but by the 3rd minutes things have calmed down a bit
Don't Leave Money on the Table
  • #828,610
  • Jun 7, 2024 4:59am Jun 7, 2024 4:59am
Quoting Theoak
{quote} To make money day trading, you need movement. A flat line means no profits. Sometimes, the news gives it the jolt it needs to get things moving.
Correct. But unfortunately, (not unfortunately ) I have a life outside trading, and that will be 9:30pm for me. I only strictly trade between 9am to 6pm Tokyo time. No opportunity then... No worries
Emotional Control. Process, not outcome.
  • #828,611
  • Jun 7, 2024 5:00am Jun 7, 2024 5:00am
Gold drop 500 pips before nfp to let you think? But the dip?lol
  • #828,612
  • Jun 7, 2024 5:00am Jun 7, 2024 5:00am
Quoting Houtbay
Gold target 2328
Bit late wi that call
  • #828,613
  • Jun 7, 2024 5:02am Jun 7, 2024 5:02am
Quoting Houtbay
Gold target 2328
STOP calling out randomfucking numbers and post afucking chart to back up your Bullshitlogic or get thefuck outta here u fanny
  • #828,614
  • Jun 7, 2024 5:03am Jun 7, 2024 5:03am
Quoting HaLBot
{quote} Headland has a good strategy for trading the news. He said in a post he watches the 1 minute chart and will take a trade on the 3rd minute. Slippage and spread are a killer on high impact data news but by the 3rd minutes things have calmed down a bit
Absolutely re slippage and spreads going bat-shit. Like shoving your arm in a meat grinder on purpose. If you can't use wide stops then just don't do it and pray the volatility calms down sooner rather than later. Those spreads will eat you alive otherwise.
  • #828,615
  • Jun 7, 2024 5:06am Jun 7, 2024 5:06am
Quoting Whale
Gold drop 500 pips before nfp to let you think? But the dip?lol

Apparently the 'Big Dip' was in response to China deciding to halt buying up gold....
Don't Leave Money on the Table
  • #828,616
  • Jun 7, 2024 5:07am Jun 7, 2024 5:07am
Quoting Konichiwhaat
{quote} Correct. But unfortunately, (not unfortunately ) I have a life outside trading, and that will be 9:30pm for me. I only strictly trade between 9am to 6pm Tokyo time. No opportunity then... No worries
Nice one buddy. I won't be in any trades when the news hits, but I'll watch how the market reacts.
Don't trade what you think. Just what you see!!!
  • #828,617
  • Jun 7, 2024 5:07am Jun 7, 2024 5:07am
Quoting T721
{quote} STOP calling out randomfucking numbers and post afucking chart to back up your Bullshitlogic or get thefuck outta here u fanny
I do so like it that traders don't mince words This is no place for pussies.
  • #828,618
  • Jun 7, 2024 5:08am Jun 7, 2024 5:08am
Quoting T721
{quote} STOP calling out randomfucking numbers and post afucking chart to back up your Bullshitlogic or get thefuck outta here u fanny
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Emotional Control. Process, not outcome.
  • #828,619
  • Jun 7, 2024 5:10am Jun 7, 2024 5:10am
Quoting HaLBot
{quote} Apparently the 'Big Dip' was in response to China deciding to halt buying up gold....
really, havn't hear about it.
Where did you read it?
i saw it without it, but not that quick.
  • #828,620
  • Jun 7, 2024 5:16am Jun 7, 2024 5:16am
When I was at primary school, the motto was manners make a man. In life we need to learn to respect ourselves and others.
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