Cable Update (GBPUSD)

Take a breather....go for a jog

what was your original TP?

Butterfly......

it was 1.6213

X-trainer for me, rains too much outside to go for a jog where I live, especially this time of year !!

you are not greedy mate

I still haven't decided if to have my long till NFP...

i think your entry almost same with me, buy right at the opening candle + spreads.
good luck to you sir...

Nice fib play, pull fib on yesterdays daily, low to high.

I am staying on the sidelines for now....no need for me to jump in yet. I may even keep out now as it is Friday

that;s what were playing mate

Playing pretty normal for a Friday, that does suprise me.

Will NFP screw things up ?

Yeh it was a fair potential support/rbs factor confluence as outlined in post no. 263474. I entered originally on the 1min set-up below but came out for +5, I then entered again on the close of the 1130 1min bull thrust candle b/o and added on the close of the 1130 5min candle, a similar b/o...nice pip gains from both, closing out at the confluence of the 1hr previous swing lo and descending trend line.

haha ill keep this whore open until after gaps on sunday cus im crazy

Current near-term 1hr screenshot is below

Looks like someone is positioning for NFP ?

Speaking of which U.s Nfp etc lin 1/2hr. So many variables and seperate parts of this release from the headline # to the manuf and private sector jobs. Then there is the un-emp rate and av hrly earnings. Always difficult to predict the likely market reaction from any given scenario as a result. What also makes it more difficult is the parallel consideration that an increased U.s economy opens up increased risk apetite across other asset classes (I am simplifying the correlation and effects here) hence what could seem to be a classic $ buy may actually be a $ sell and vice versa.
A Couple of scenarios are outlined below
a. Headline number comes in positive and above forecast (last month -95k forecast +60k,) manuf and private sector jobs also show good additions above forecast (manuf last month -6k, forecast -7k, private sector last month+64k, forecast is +80K) and there is no or a positive revision to last month's headline number and un-emp rate stays at 9.6% or is printed lower....some $ buying on the knee-jerk is the conventional wisdom . Longer term ??
b. . Headline number comes in negative and below forecast (last month -95k, forecast +60k,) manuf and private sector jobs also show well below forecast or losses (manuf last month -6k, forecast -7k, private sector last month+64k, forecast is +80K) and there is no or a negative revision to last month's headline number and un-emp rate stays at 9.6% or is printed higher ....some $ selling on the knee-jerk is the conventional wisdom. Longer term ??
A mixed bag of numbers and it's anyones guess, just go where the money is ! Trade what you see not what you think, (unless of course what you actually see is what you think !)
G/L

Looks like we are going to push for yesterdays high before the news.

price currently contained between weekly R1 and R2 pivots

G/L

looks like heavyweight playa perking up just to get in on the action down south...hardcore G-style!!!

Oh yeah baby...that's how it's done...that's how we love it...

skeed skeed...

where is ur tp on this trade?