Cable Update (GBPUSD)
NFP is selling GBPUSD
{quote} HalBot, why do you give this woke communist activist any credibility? He doesn´t deserve your reply... They are the reason the world is in such a mess. Plus, this is a Forex site not a Trans rally. He should take his propaganda somewhere else or Forex Factory should ban him.
NFP is upon as again so lets take a look at the possibilities Previously i was hoping the daily down trend would continue , however this has not happened and the correction has extended upwards into another 5 wave impulse. So currently D1 is above W1 which gives us a direction of long but things are never quite that simple. On H1 the current up move has come from a 5 wave sideways correction which started on the 5/12/20 the current up move only has one swing up with price making a correction on the 5 minute , the 5m correction only has ab so probably...
{quote} Hit SL{image} {image}
{quote}{quote} Alternatively, the existing trade can be properly managed such that any loss recorded will not have any implications on the account Aside from Scalpers and medium term traders that may want to opt out, long term traders can continue riding because the existing trade is just a free ride. My perspective Konich.
{quote} Hi, I tend to agree re staying in a trade thru it unless your stop is @ b/e or better, and the forecasts are with you. Even then there's the potential for whipsawing to take you out, and of course slippage, in the potential market conditions. But we are all different and I do get involved, should the right hi-prob repeating set-up (s) present themselves on the other side of the release, - if they don't I stay flat. There are always other occasions to get involved in the market.
) are still here speaks volumes I guess. But I still always feel "dirty" whilst in a trade during NFP.
{quote} And there it is the move down followed by the move up, so again for NFP looks like another move down for a correction on 5minute and then another strong move up {image}
