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Cable Update (GBPUSD)

  • #667,941
  • Jul 7, 2022 5:51pm Jul 7, 2022 5:51pm
Quoting Pat Chiko
{quote} GU Revenge Trade. Make or Break ! I want my money back from the Stop taken.. {image}

GU - Revenge Trade....

End of scalping @ H4 kink.
Recovers loss trades.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,942
  • Jul 7, 2022 7:19pm Jul 7, 2022 7:19pm
Quoting forexer
Hi, I think there is a strong correlation between GBP and with whats happening to Gold as the downward momentum has been in play for weeks now. In my opinion cable down momentum is in tact for further selling as risk appetite weakening. I think selling high is still the best way let's wait and see. Thanks
Hello Forexer.

Interesting view, and I do share same techinal view on those.

Here's the current chart marked up and possible zone to pick up during NFP later.

I also in process of making some notes on Fundamental/ Econs/Geopolitics that for the US ADP Non-Farm Employment Change; US Weekly Unemployment Claims; FOMC Member Bullard Speaks


For spoiler..... looking at Non-farm payroll employment = jobs.
The change monthly is the job creation widely reported by media.
Robust job creation averaging ~400,000 per month.
(Positive on USD)
Historically, 200,000+ is a good number, especially w/low unemployment of 3.6%.

I will write later on on some other fundamental perspective for the coming NFP event later.
Topic such as :

Jobs (Establishment survey)
Industrial production is rising
Real wholesale retail sales
Real personal consumption expenditures

Chart below is my tech view

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,943
  • Jul 7, 2022 7:29pm Jul 7, 2022 7:29pm
Quoting Pat Chiko
{quote} Hello Forexer. Interesting view, and I do share same techinal view on those. Here's the current chart marked up and possible zone to pick up during NFP later. I also in process of making some notes on Fundamental/ Econs/Geopolitics that for the US ADP Non-Farm Employment Change; US Weekly Unemployment Claims; FOMC Member Bullard Speaks For spoiler..... looking at Non-farm payroll employment = jobs. The change monthly is the job creation widely reported by media. Robust job creation averaging ~400,000 per month. (Positive on USD) Historically,...

Would your target be 1.1952 area?
  • #667,944
  • Jul 7, 2022 7:38pm Jul 7, 2022 7:38pm
Interesting day
My view for today
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  • #667,945
  • Jul 7, 2022 7:44pm Jul 7, 2022 7:44pm
Quoting shakmoney
{quote} Would your target be 1.1952 area?
Hang on Bro.

Let Tokyo and London makes some pattern first.

Just look at what happen during FOMC (MOM), nothing moves becomes there's a lot of volume transact by both buyer and seller during the FOMC MOM.

Only Tokyo open, we can see price start building up to 100 pips moves. It is NOT like the old times (15 years ago where price "SPIKE" during NFP/FOMC). Games has change, we must change with the game.

For FOMC meeting minutes the moves was not immediate, but the after effect : It will be impact US yields.
People eager to know thinking behind 75bps rate hikes & future rate hike expectations
Takes times for Institutional Traders to position themselves. ( They trade in thousand lot)

Your Q : 1.1952 area?
No idea yet, I don't predict.
Need to see chart movement until London to see what's cooking.
In line with Fundamental , sentiment, I will go for it.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,946
  • Jul 7, 2022 7:45pm Jul 7, 2022 7:45pm
Quoting Pat Chiko
{quote} Hang on Bro. Let Tokyo and London makes some pattern first. Just look at what happen during FOMC (MOM), nothing moves becomes there's a lot of volume transact by both buyer and seller during the FOMC MOM. Only Tokyo open, we can see price start building up to 100 pips moves. It is NOT like the old times (15 years ago where price "SPIKE" during NFP/FOMC). Games has change, we must change with the game. For FOMC meeting minutes the moves was not immediate, but the after effect : It will be impact US yields. People eager to know thinking behind...

Thanks brother!
  • #667,947
  • Jul 7, 2022 7:55pm Jul 7, 2022 7:55pm
Former Japanese PM Shinzo Abe collapses during speech, possible gunfire heard - NHK

What is going on here man?!?!?
All of the people connected to OPEC or whatever started to die and now PM's..
  • #667,948
  • Jul 7, 2022 8:06pm Jul 7, 2022 8:06pm
Quoting Pat Chiko
{quote} Hang on Bro. Let Tokyo and London makes some pattern first. Just look at what happen during FOMC (MOM), nothing moves becomes there's a lot of volume transact by both buyer and seller during the FOMC MOM. Only Tokyo open, we can see price start building up to 100 pips moves. It is NOT like the old times (15 years ago where price "SPIKE" during NFP/FOMC). Games has change, we must change with the game. For FOMC meeting minutes the moves was not immediate, but the after effect : It will be impact US yields. People eager to know thinking behind...
My first target is 1.20 GJPY is dropping hard missed it
  • #667,949
  • Jul 7, 2022 8:11pm Jul 7, 2022 8:11pm
Quoting TheWolf
Former Japanese PM Shinzo Abe collapses during speech, possible gunfire heard - NHK What is going on here man?!?!? All of the people connected to OPEC or whatever started to die and now PM's..
He is shot in the chest. Taken to hospital.
Intraday only.
  • #667,950
  • Jul 7, 2022 8:15pm Jul 7, 2022 8:15pm
Quoting TheWolf
Former Japanese PM Shinzo Abe collapses during speech, possible gunfire heard - NHK What is going on here man?!?!? All of the people connected to OPEC or whatever started to die and now PM's..
Interesting.

Now , it going to get more twisted :

WHY the DXY has strengthened ? Maybe it want to test 120 ?
For a while, it seemed that the dollar was losing momentum at levels of over 105 for the DXY.
That led analysts to believe that it was peaking.
However, its recent move past 106 means that these bets are off.
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Mid Term Election ?. or NFP's the excuse for 1 (parity for EUR/USD)


Gold & Silver Are Getting Hammered What's Behind The Drop?
Gold and silver may be down for any one of a number of reasons other than tying to an interest rate or a Fed movements scenario
One of those is the possibility that the Chinese are liquidating metals to meet expenses due to the damage to Chinese debt.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,951
  • Jul 7, 2022 8:22pm Jul 7, 2022 8:22pm
Quoting shakmoney
{quote} My first target is 1.20 GJPY is dropping hard missed it
Am watching if price decide to fill up the gap first before dumping it on NFP ?.

Can London traders push up to re balance it and getting more liquidity from the up gap moves ?.

Shorting now is too early, must wait for what how they want to handle the GAP

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,952
  • Jul 7, 2022 8:32pm Jul 7, 2022 8:32pm
Quoting TheWolf
Former Japanese PM Shinzo Abe collapses during speech, possible gunfire heard - NHK What is going on here man?!?!? All of the people connected to OPEC or whatever started to die and now PM's..
Shinzo Shot...... Yen Up........ is it coincidence or reaction ?

What a timing.........

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,953
  • Jul 7, 2022 8:34pm Jul 7, 2022 8:34pm
Quoting Pat Chiko
{quote} Shinzo Shot...... Yen Up........ is it coincidence or reaction ? What a timing......... {image}{image}
It''s starting to fall now
  • #667,954
  • Jul 7, 2022 8:38pm Jul 7, 2022 8:38pm
This is getting more weird than when Powell speaks.. down up down up..
  • #667,955
  • Jul 7, 2022 8:44pm Jul 7, 2022 8:44pm
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  • #667,956
  • Jul 7, 2022 8:46pm Jul 7, 2022 8:46pm
I know banks move the price, but this now was just plain re.tarded from them..
  • #667,957
  • Jul 7, 2022 8:49pm Jul 7, 2022 8:49pm
I think I'm getting a signal to go short GBP/USD, but will wait 1H to close..
  • #667,958
  • Jul 7, 2022 8:53pm Jul 7, 2022 8:53pm
Quoting TheWolf
I know banks move the price, but this now was just plain re.tarded from them..
I think Jay stimulate the price.........

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,959
  • Jul 7, 2022 8:58pm Jul 7, 2022 8:58pm
Quoting Pat Chiko
{quote} I think Jay stimulate the price......... {image}
Hahaha..
  • #667,960
  • Jul 7, 2022 8:59pm Jul 7, 2022 8:59pm
Quoting TheWolf
I think I'm getting a signal to go short GBP/USD, but will wait 1H to close..

Maybe, you're right Bro.

But, I'm thinking about filling up the GAP first.

Need to see more candles for better judgement.

Or................

You can wait for MOTY.............
(p/s he had a very good day yeserday)

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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