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Cable Update (GBPUSD)

  • #840,321
  • Oct 2, 2024 6:22am Oct 2, 2024 6:22am
Quoting Godspromise
{quote} fell asleep was in good profits then it reverse to my stops then continued downwards
The lesson to learn from this = don't sleep during the week.
Everyone can see the chart, but only a few can actually read it.
  • #840,322
  • Oct 2, 2024 6:27am Oct 2, 2024 6:27am
Quoting Godspromise
{quote} fell asleep was in good profits then it reverse to my stops then continued downwards
Sleep is important. More than trading! Make a plan that fits around your sleep. Forex isn't just about making money, its about making GOOD money with the LEAST amount effort and time invested. Choose a time and a place to trade, and make it work. There is opportunity here every moment of every day... but you only need focus for one moment each to make money. Find your niche, and enjoy your sleep
Emotional Control. Process, not outcome.
  • #840,323
  • Oct 2, 2024 6:28am Oct 2, 2024 6:28am
Quoting OnlineAddict
{quote} The lesson to learn from this = don't sleep during the week.
bro you and you hindsight knowdledge i was awake and konichiwa was the only one awake bro but its true would have caught half take profit if i was awake life bro ill get it back and more
  • #840,324
  • Oct 2, 2024 6:33am Oct 2, 2024 6:33am
Quoting Godspromise
{quote} bro you and you hindsight knowdledge i was awake and konichiwa was the only one awake bro but its true would have caught half take profit if i was awake life bro ill get it back and more
Everyone can see the chart, but only a few can actually read it.
  • #840,325
  • Oct 2, 2024 6:38am Oct 2, 2024 6:38am
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yes yes yes
  • #840,326
  • Oct 2, 2024 6:40am Oct 2, 2024 6:40am
Quoting Moty
{image}
if US data in 40 minutes is good
Insane in the Brain..
  • #840,327
  • Oct 2, 2024 6:46am Oct 2, 2024 6:46am
What about before news ? Earliest signal for bounce still to do and next 1 st confirmation if possible today! Initial response can be down , so others up ! Take care
If signal bounce at 101.18 then correspondingly gbpusd , eurusd breaks previous low as start bear next!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,328
  • Oct 2, 2024 6:53am Oct 2, 2024 6:53am
Quoting fontu
What about before news ? Earliest signal for bounce still to do and next 1 st confirmation if possible today! Initial response can be down , so others up ! Take care If signal bounce at 101.18 then correspondingly gbpusd , eurusd breaks previous low as start bear next! {image} {image}
seems to be picking up liquidity before the news. Problem is if the data is bad we are gonna see a move up potentially 13330 (previous support ) or even 13370
Insane in the Brain..
  • #840,329
  • Oct 2, 2024 6:58am Oct 2, 2024 6:58am
Quoting Konichiwhaat
{quote} Sleep is important. More than trading! Make a plan that fits around your sleep. Forex isn't just about making money, its about making GOOD money with the LEAST amount effort and time invested. Choose a time and a place to trade, and make it work. There is opportunity here every moment of every day... but you only need focus for one moment each to make money. Find your niche, and enjoy your sleep
So try bro im working on my strategy to use volume to mzimize trade so im trading with zones and wathcing at what time it start to move with volume i dont want to be in the market for any extended period of time unless its swing trade.
  • #840,330
  • Oct 2, 2024 7:01am Oct 2, 2024 7:01am
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Follow The Markets Structure - Patience and Discipline
  • #840,331
  • Oct 2, 2024 7:02am Oct 2, 2024 7:02am
Quoting BeeTogether
{quote} seems to be picking up liquidity before the news. Problem is if the data is bad we are gonna see a move up potentially 13330 (previous support ) or even 13370
For me, nothing changes structure and foot print. If the data is bad, it slows down progression to a zone but if complementary makes movement faster to the same zone. Though not all time but in over 80% of the time.

In a nutshell, I see news release as an event that assist in causing liquidity that speed up movement to a zone irrespective of its outcome.
Market Structure is the King.....
  • #840,332
  • Oct 2, 2024 7:08am Oct 2, 2024 7:08am
Quoting Godspromise
{quote} So try bro im working on my strategy to use volume to mzimize trade so im trading with zones and wathcing at what time it start to move with volume i dont want to be in the market for any extended period of time unless its swing trade.
Good. If you are not familiar with a man called Mark Douglas (RIP, a guru before guru's were a thing), check him out. He talks about a thing called the "20 trade challenge". I'm not even kidding, it changed my life. Most people can't even do it, not even for 20 trades! (Sorry Moty). But Google it, watch it, do it, and you will suddenly learn... EVERYTHING works! Let me know how you get on
Emotional Control. Process, not outcome.
  • #840,333
  • Oct 2, 2024 7:12am Oct 2, 2024 7:12am
Quoting p4pramey
{quote} what about xauusd? will it reverse?
this is Middle term analysis lets say this quarter.
not short term.

Depends on Middle east, for now

that is what is helping GOLD ATM
other wise it should have been crossed 2620 on its way back to 2600

usd Index is doing well,
see GBPUSD EURUSD USDJPY
all is doing well,
Well Gold is Gold,
it doesnt rely on specific thing,
like USD or YEN
if you are trading USDJPY
you have 2 economies to analyze
that's all,
but GOLD not ok Fine, China India stopped buying GOLD because if too high prices,
and it may revisit 2500 also,
but the problem how higher it can go before that,
could be 2700 or just drop.
last drop was 100$ when news hit China stopped buying gold after 18 months of Purchasing,
so many things effect GOLD prices,
so be careful which ever way you go,
but if i were you i will not buy GOLD
i will wait for the High and sell
which i might do at NFP
Good luck
usually
Don't compare your Trades with Others
  • #840,334
  • Oct 2, 2024 7:13am Oct 2, 2024 7:13am
Quoting Konichiwhaat
{quote} Good. If you are not familiar with a man called Mark Douglas (RIP, a guru before guru's were a thing), check him out. He talks about a thing called the "20 trade challenge". I'm not even kidding, it changed my life. Most people can't even do it, not even for 20 trades! (Sorry Moty). But Google it, watch it, do it, and you will suddenly learn... EVERYTHING works! Let me know how you get on
thank you brother ill watch it right away knowledge is power
  • #840,335
  • Oct 2, 2024 7:16am Oct 2, 2024 7:16am
Data very green… no response from Cable yet
Insane in the Brain..
  • #840,336
  • Oct 2, 2024 7:17am Oct 2, 2024 7:17am
NFP came out positive, GU is highly likely to become bearish! Like this post if you're in short.

Edit: Also shoring EU to ADR Low.
Discouragement is the language of the devil. Results over hype.
  • #840,337
  • Oct 2, 2024 7:17am Oct 2, 2024 7:17am
Not surprised by the muted reaction . Powell said earlier he isn’t too concerned about the labour market we still have NFP
Master your mind. Master Trading.
  • #840,338
  • Oct 2, 2024 7:19am Oct 2, 2024 7:19am
GBPUSD - Sell

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Together we can be strongest
Vantage Return This Month: na
  • #840,339
  • Oct 2, 2024 7:21am Oct 2, 2024 7:21am
Quoting KareemAliFx
Not surprised by the muted reaction . Powell said earlier he isn’t too concerned about the labour market we still have NFP
theres muted and then there is nothing happening muted lol. This is the later
Insane in the Brain..
  • #840,340
  • Oct 2, 2024 7:23am Oct 2, 2024 7:23am
Quoting BeeTogether
{quote} theres muted and then there is nothing happening muted lol. This is the later
well i don’t know about gbp but here on gold no reaction so holding the buys
Master your mind. Master Trading.
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