Cable Update (GBPUSD)

line gives you trend, ok, good luck

3 hours before I shut this trade down before CPI data release, regardless of where its at. Come on little fella, give us just a little more!

NZDUSD LONG

I’m also long on GBPUSD but for about 2 hours now

SL to 2750 after 2750 re-test and because of slim trading volume. Everything waiting on CPI data

I wish GU = !!!! hheheehee.
---------------

Daily TF.

Staying the course


https://www.forexfactory.com/thread/...3#post14897853

Bullish order flow like that is a mess.

Difficult to trade it.. you need only luck.

bye till FOMC

sell now.


I sell gu & keep my entry.

Tp = 1.25111.

hit BE

1.2780 for now
and 1.3000~1.3030 in couple of days

1 year standard deviation is at 2776
the Time Series projection is 2767

price will probably stall somewhere in that zone.
If it continues upward the next TS level is 2791

Dude, good hunting. You are a fantastic, honest trader. All the best

squeezy mf

Hello Guys,
big day today,
CPI +Powell Speech,
it will be tricy to navigate,
but as long as we use low leverage we will be fine,
we are speaking about or selves,
unlike other traders (no Offence) who doesnt even undersatnd how to use the Leverage,
i can be good at times, but it could kill your account as well,
so my Advise Use it Wisely,
now lets get back to CPI and powell.
but may help today for the GOLD to drop actually well thats what we are hoping for,
so we can buy at cheap price,
but Powell will be Hawkish,
because of Recent data,
and Colleration between USDINDEX and GOLD is almost half then it was 2020,
the reason Central Banks,
so is it wise to stay away and not trade?
or get in the game no matter what, that is most traders delima confusion, and in confusion most of the time you are thinking emotionally not Rationally,
so get your emotions in check and today might be the day to Trade the charts instead of Fundamentals,
because market sentiment will have a huge impact on USDINDEX and gold,
the yen might not much,
for if someone ask me what i am doing i am selling GBPJPY,
and waiting for the GOLD to drop to buy i still ahve one position running just in case gold decide to make high around 2350-60
and it still can,
but it will be tricky to open the trade at right time specially during CPI and Powell speech a lot can happen and these are the times when Big banks, Institutions actually make money,
they buy or sell then dump it and those who are trading with high leverage most of the time traders do,
they get cought in between, then you will walaysh ave a problem because fear of loosing money tend to kich in and we hedge and then we see a reveral in the pair we open hedge boom it is on the wrong path again,
but HOPE i love this WORD,
Most traders fall in love with their positions in HOPE that it will reverse,
it some times does,
and that is actually how big traders make moeny,
they stay calm use low leverage and then add position after certain time and then wait for the short term market reaction to go away lets say end of the week,
and then close and take profits,
trust me you might think trading NFP or CPI is easy money,
but if you look at your record if you keep it for the trades you have done in News times,
check your trading history for past year and you will realize you have lost more time them you have money on news trading,
that is what stat says about news trading,
as i always say,
short term trading results are always random,
look at the Big picture if you are serious about making money you must understand how economy actually works,
if you can't then as we all know 80% traders are technical traders and waoo if you look at stats posted on almost every broker website is 70-80% traders loose money in forex,
my point Technical trading is a skill very usefull actually but it only helps to get in and out of the trade at good levels thats all,
funamentals long term that move the market,
and that is why top analyst get paid millions per year,
if you look closely you will realize that many hedge funds have more analyst then traders working for them,
anyone can execute a trade on techincal levels its easy that's why msot traders choose techincals over fundamentals,
but understand how economy works UK is Different then US Europe is is different then canada and japan is well japan,
my point fundamentals will change with time,
start of the year every one was talking about 3 rate cuts from FED,
but what happened?
not we are in second half still no confirmation, of rate cut maybe in September or Nov,
who knows in three months a lot can change,
so try to understand traders who survived this market is who put in a lot of effort to understand how big boys make money,
and just copied their system and start doing same thing,
.
be careful CPI + Powell will be amazing to watch pairs go crazy specially GOLD,
i love to watch.
good luck guys,

Need your time to wait.

L = Lên ( Vietnamese ) = Up to.

CPI in less than an hour any sign of weakness and FOMC could be a rocket towards 129-130

So basically will there be any price at which we should buy/sell pairs or gold or it will be fly to the moon or a falling knife?