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Cable Update (GBPUSD)

  • #717,781
  • Jan 4, 2023 8:28am Jan 4, 2023 8:28am
I'll go with this, I do think GU will turn bullish in coming days/weeks

On news it may dip a bit then pump the highs above 1.21, then take out the support at 1.19 over the course of the week

Then bulls

But i'm thinking several steps in advance. Getting an entry pre/post news quite tricky and you expose yourself to a lot of risk/stop hunting.

Only thing to do is wait unfortunately, I prefer to sell above 1.21-1.2125 and buy below 1.19

Tricky week trying to anticipate moves as it's just a game of sweeping people out of positions for the upcoming trend, like Dec only with a bigger ADR this month
  • #717,782
  • Jan 4, 2023 8:28am Jan 4, 2023 8:28am
Usually FOMC minutes are quite impact less be interesting to see if the commentary indicates an easing of the rate rises
Insane in the Brain..
  • #717,783
  • Jan 4, 2023 8:31am Jan 4, 2023 8:31am
Quoting Pat Chiko
{quote} Some clue on USD strengthening ? Why these people speak before major news ?{image}
Indeed, why are they?

GBP/USD alone isn't going to help me this time.. let's see USD/JPY..

HAHA!

USD/JPY

15M Long
30M Just Confirmed Long
Hourly same as 30M
H4 same as 30M and Hourly (just confirmed Long).

Strong USD in half an hour? Probably..

VERY RARELY do multiple TF's confirm Short or Long at the same time almost..

USD/JPY Charts... SCREAMING LONG!! We will see about that in a little bit haha..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPY 30M.png Size: 23 KB
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Click to Enlarge Name: USDJPY H4.png Size: 23 KB
  • #717,784
  • Jan 4, 2023 8:34am Jan 4, 2023 8:34am
Quoting Pat Chiko
{quote} Maybe in one hour at Jolts job openings and ISM manufacturing data release. This going to be quick scalp to Liquid. What food today do you have. Show some, I'm hungry ........ You cooking or your mistress ?
Already drunk ~
  • #717,785
  • Jan 4, 2023 8:34am Jan 4, 2023 8:34am
Quoting BeeTogether
Usually FOMC minutes are quite impact less be interesting to see if the commentary indicates an easing of the rate rises
I doubt that the FOMC is going to 'stir the pot' about rates other than with cautionary messages. The greater impact could come form money supply announcements. Are they on track or behind on shrinking the money supply and how do they plan on moving forward? This might be a greater impact. That said, MM's will do what MM's do!
  • #717,786
  • Jan 4, 2023 8:35am Jan 4, 2023 8:35am
Quoting TheWolf
{quote} H4 {image} {image}
I apologize for editing your charts but I had to point out something I noticed.
It looks as though when price closes above or below the MA-like, it usually provides impulse moves. Another thing I noticed is, movement is more accurate when the 3 MA-like lines are very close to each other (intertwine)

Hmmmm interesting stuff you have bro.
Thanks again for the chart.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 28 KB
  • #717,787
  • Jan 4, 2023 8:35am Jan 4, 2023 8:35am
Quoting dantpm
{quote} Do you have a reason for your belief?
Drunk instinc
  • #717,788
  • Jan 4, 2023 8:36am Jan 4, 2023 8:36am
Looks dump to me, but for all we know, it can spike either way.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
The market hides a perfect geometry.
  • #717,789
  • Jan 4, 2023 8:38am Jan 4, 2023 8:38am
Quoting Georginson
{quote} Manually exited at 1.2053... will wait for the close of this 4 hours candle...
hello sir,
how are you,
If you don't mind can you explain this FOMC.
  • #717,790
  • Jan 4, 2023 8:41am Jan 4, 2023 8:41am
Quoting JayBag
{quote} I apologize for editing your charts but I had to point out something I noticed. It looks as though when price closes above or below the MA-like, it usually provides impulse moves. Another thing I noticed is, movement is more accurate when the 3 MA-like lines are very close to each other (intertwine) Hmmmm interesting stuff you have bro. Thanks again for the chart. Cheers {image}
Thanks! To tell you the truth, I am still figuring out this system and all of its secrets..
  • #717,791
  • Jan 4, 2023 8:44am Jan 4, 2023 8:44am
The Wolf's chart just made me realize something.

A trading system is like a puzzle, and here, each of us has pieces of this very puzzle, but if we could just share ideas/tools, we could develop a fail-proof system. To break it down, I may have something to complete your system, and you may have what I need to complete mine. However, we have been led to believe that we cannot share tools. Crazy, but it's thought-provoking nonetheless.
  • #717,792
  • Jan 4, 2023 8:54am Jan 4, 2023 8:54am
IF I HAD TO TRADE, AND I DON'T, I WOULD GO LONG USD, YET AGAIN! Let's see..
Is USD still the King or the King of garbage?

Hahahahah LOOK AT THIS 15M Candle crap.. oh man.. it suggests you should Buy Pound ASAP before the train reached ultimate speed.. OR is it a trap? Hiihihi...
So tempted to go Long on USD.. (USD/JPY).. but no!
  • #717,793
  • Jan 4, 2023 8:56am Jan 4, 2023 8:56am
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-01-04 14_55_31-its a trap - Google Search and 4 more pages - Work - Microsoft​ Edge.png Size: 88 KB
  • #717,794
  • Jan 4, 2023 8:56am Jan 4, 2023 8:56am
Quoting Pat Chiko
GU Pump for LQ{image}
GU

Common GU, push it up to liquid........until FOMC MoM.....
Attached Image (click to enlarge)
Click to Enlarge Name: gu 161.jpg Size: 177 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #717,795
  • Jan 4, 2023 8:56am Jan 4, 2023 8:56am
Who else thinks the news is already priced in? I mean it's just a few mins to hit
  • #717,796
  • Jan 4, 2023 8:57am Jan 4, 2023 8:57am
Quoting JayBag
Who else thinks the news is already priced in? I mean it's just a few mins to hit
I agree with MrFanciful, IT'S A TRAP!
  • #717,797
  • Jan 4, 2023 8:57am Jan 4, 2023 8:57am
GU short at 1.2070 -10pip SL
"Exchange of hands"
  • #717,798
  • Jan 4, 2023 8:58am Jan 4, 2023 8:58am
Quoting MrFanciful
{image}
I don't think so. But, MM doesn't like straight lines.
Attached Image (click to enlarge)
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  • #717,799
  • Jan 4, 2023 8:59am Jan 4, 2023 8:59am
Quoting TheWolf
{quote} I agree with MrFanciful, IT'S A TRAP!
I think they may sweep. Trap? I think not
Let's see though
  • #717,800
  • Jan 4, 2023 8:59am Jan 4, 2023 8:59am
You just have to ask yourself one question.. What does Pat Chiko thinks? Hahaha
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