Cable Update (GBPUSD)

Basically, what is your win rate?
If 50% - it's no way.

I took 55% and 1000 trades x 1000 simulations

Whether you can maintain this exponential system for a long time and how your broker will react is another questions

The Non-Farm Payroll (NFP) report is a major economic indicator that can significantly impact the GBP/JPY currency pair. Here's how:
Understanding the NFP Report
* The NFP report, released monthly by the U.S. Bureau of Labor Statistics, reveals the change in the number of employed people in the U.S. during the previous month, excluding certain sectors like farming and government.
* It's a key indicator of the U.S. economy's health. A strong NFP suggests a robust economy, while a weak one can signal a slowdown.
How NFP Affects GBP/JPY
The GBP/JPY pair is influenced by both the British pound (GBP) and the Japanese yen (JPY), and the NFP report's impact is primarily channeled through its effect on the U.S. dollar (USD). Here's the typical chain of events:
* NFP and USD:
* Strong NFP: Generally strengthens the USD as it suggests a healthy U.S. economy, potentially leading to higher interest rates.
* Weak NFP: Usually weakens the USD as it raises concerns about economic growth, possibly delaying interest rate hikes.
* USD and JPY:
* The JPY often acts as a safe-haven currency.
* Strong USD: Can weaken the JPY as investors may move funds into the USD for higher returns.
* Weak USD: Can strengthen the JPY as investors seek safe-haven assets.
* USD and GBP:
* Strong USD: Typically weakens the GBP as the relative strength of the USD increases.
* Weak USD: Usually strengthens the GBP.
* Net Effect on GBP/JPY:
* Strong NFP (Strong USD):
* GBP weakens.
* JPY weakens.
* Net effect on GBP/JPY is uncertain. It depends on the relative strength of the USD against both GBP and JPY.
* Weak NFP (Weak USD):
* GBP strengthens.
* JPY strengthens.
* Net effect on GBP/JPY is uncertain. Again, it depends on the relative strength of the USD against both GBP and JPY.
Important Considerations
* Market Sentiment: The NFP report's impact can be amplified or muted by overall market sentiment and risk appetite.
* Other Factors: GBP/JPY is also influenced by other factors like UK and Japan economic data, central bank policies, and global events.
* Correlation: The relationships described above are general tendencies, not guarantees. Currency markets are complex, and correlations can change.

Took gl for 100 pips

One of the main problems in trading, and in life, is the focus on others.

Anything that does not have USD init, my little brain cannot process it

NFP like...............

im in profit from averaging down my longs and my average price is 2267 so Ill be using a mental stoploss and close out if price closes near that level today in case of a NFP surprise cause I don't want to sit in another DD

my personal belief is we breakout of that invH+S

stagflation

bro my brain is fried good and proper. Old age, end of the week and no sleep

ANYone selling Equities????

So data is neither here or there. Hmm maybe we’ve seen the GJ highs already for the day.

IS it photocopy or ???

No long. No short.

US10y Yield
Close above BO/Rt, sh*t will be interesting for every XXX/USD

A lot of pairs could be giving back their days gains .. data seemed mixed spike down up down etc

News effects cover both sides , as better correct next
Breaks 2420 first

That what cunts do,
they do not how to read price action

Is it my fault if they dont know how???

Lol, DAy trading done, just let the rest ride to 2920. It gonna be a bumpy road ahead. Thats for sure.

Good data actually.

what I meant is hedging is stupid because DD's can be huge compared to the rewards for europeans like today's NFP realtime example

this is just an illustrative example and it doesn't take into account where a tp was placed so lets not all go crazy LOL

and yes its possible to hedge in USA in a half-assed way by opening an account with a different broker which doesn't help much or opening a sub account with the same broker but the problem is ones margin gets tied up and which one cant use to trade anything else...before the financial crisis caused by U.S. banks in 2008 hedging was allowed and I used it sometimes and it always made my losses bigger since I was still learning 9 years after starting trading LOL LOL


that's why I told superman to use inside candles if he attempts to try hedging the American way

Guess we have our cunt buddy who just got his arse burned

His 60 yrs old, and from SA, made me think of someone, but i'll not mention his name.




But for real, i, have been on my laptop since this morning, quickly went to prayer then back to laptop breaking down each of my gold chart, what you think i'm doing watching porn and jerking off all this time. If you dont know how to analyse is it my fault.

Anyway, nothing that i cared about, all that matters to me, another NFP day, another day on the right side. There is only one way, that is to the top. If you dont have what it takes, you fell off, just like boosters from the space rocket.