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Cable Update (GBPUSD)

  • #721,541
  • Jan 18, 2023 12:45am Jan 18, 2023 12:45am
Quoting Pat Chiko
{quote} UJ Partial TP of weak position. Balance to run to Targets.{image}
UJ

Closed all
Let USD fly to the mooon..
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,542
  • Jan 18, 2023 12:48am Jan 18, 2023 12:48am
So with cable bucking the trend till potentially data time in 10 odd minutes am I stupid to think a big drop to below 122 is doable..?? I have set limits to 12180 as a nice TP area.
Insane in the Brain..
  • #721,543
  • Jan 18, 2023 12:49am Jan 18, 2023 12:49am
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  • #721,544
  • Jan 18, 2023 12:49am Jan 18, 2023 12:49am
Quoting Pat Chiko
{quote} Hey Bro. I'm considering buying USD. (Not a financial advice) Since everyone is selling U.S. treasuries at fire sale prices, the U.S. will simply buy up all of its own debt with the skyrocketing Dollar. US can't default on their debt if they own most of it, thus resetting the cycle of U.S. debt being the most stable in the world. Godfather knew the plan decades ago{image} Then, USD become worthless to other nations and get wrecked by inflation... Really ? The American are learning and copying the Japanese....
In line with the bolded, someone posted a line chart of the US CPI numbers. We noticed that it has done a "double top" or "batman" as some others call it.

It is "expected" that the CPI numbers will keep decreasing until at least 4.25

I am of the opinion that a decreasing CPI will translate to strength for the US Dollar.

So your proposition to buy the dollar should be correct.

Note: My fundamental analysis is not really too good. I rely more on the numbers that I crunch to generate my VAP levels.
  • #721,545
  • Jan 18, 2023 12:56am Jan 18, 2023 12:56am
Quoting Pat Chiko
{quote} UJ Closed all Let USD fly to the mooon..{image}
I would like it to come much lower before I consider buying USDJPY.
  • #721,546
  • Jan 18, 2023 12:56am Jan 18, 2023 12:56am
Looking for a takeout of yesterdays high first then a potential sell

GU been refusing to budge down despite dollar strength making me think there are orders higher up in the supply zone to fill
  • #721,547
  • Jan 18, 2023 12:57am Jan 18, 2023 12:57am
Quoting pipcenturion
{quote} In line with the bolded, someone posted a line chart of the US CPI numbers. We noticed that it has done a "double top" or "batman" as some others call it. It is "expected" that the CPI numbers will keep decreasing until at least 4.25 I am of the opinion that a decreasing CPI will translate to strength for the US Dollar. So your proposition to buy the dollar should be correct. Note: My fundamental analysis is not really too good. I rely more on the numbers that I crunch to generate my VAP levels.

I'm watching how Yellen, US treasury policy on market maker of its own debts.
If she wants, she can flip everyday to make profits.

I think we are about to witness the lag effect of QT and the fastest U.S. rate hikes in history.
Its coming…
With 6-9 month lag before taking effect, Junes rate hike is only taking effect around now - 6-8 more months to go.

Seems like the largest blind spot in macro analysis is the assumption that all of the monetary policies are taking price action, data prints, global financial markets, etc etc actual economics into consideration.
Nope.
All political theatre.

and I'm betting on a black swan
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,548
  • Jan 18, 2023 12:58am Jan 18, 2023 12:58am
Quoting BeeTogether
So with cable bucking the trend till potentially data time in 10 odd minutes am I stupid to think a big drop to below 122 is doable..?? I have set limits to 12180 as a nice TP area.
You are a prophet of some sorts, i am also of the believe that cable will dump soon
  • #721,549
  • Jan 18, 2023 1:00am Jan 18, 2023 1:00am
Hello friends

I probably won't be here for long this evening as I have an early start, and then double shifts for the rest of the week. So if I don't make any trades today, I'll see you all next week
I am neither brave nor stupid...I am just a part time trader
  • #721,550
  • Jan 18, 2023 1:01am Jan 18, 2023 1:01am
Quoting pipcenturion
{quote} I would like it to come much lower before I consider buying USDJPY.
I would have been posting LIVE (real time entries) as PAT does but my tiny little account size might make many here laugh at me.

Maybe I should just do it anyway. I refuse to be ashamed of these current days of "little beginnings".
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  • #721,551
  • Jan 18, 2023 1:07am Jan 18, 2023 1:07am
Quoting Pat Chiko
{quote} GU End of scalping. Let is rest for a while before going for next target. Not going for smoke, but drinks.. Been trading for the past 1 hour 20 mins. I'm tired already, it's too long to start chart for more than one hour{image}
GU
Target .
Going to reverse trade for short
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,552
  • Jan 18, 2023 1:09am Jan 18, 2023 1:09am
Quoting Kwt4x
{quote} it's an exit on H4 range but the daily is very tempting to hold for more high's, waiting for next Div on top. {image} {image} cheers,
another HH on daily, time to keep an eye on 4H range for next sideway

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #721,553
  • Jan 18, 2023 1:14am Jan 18, 2023 1:14am
Gbpusd in my opinion still has to finish its up trend. Still has some way to go before we get a reversal downwards. Pat I agree with your usdjpy view.
  • #721,554
  • Jan 18, 2023 1:21am Jan 18, 2023 1:21am
Quoting mysterio
Looking for a takeout of yesterdays high first then a potential sell GU been refusing to budge down despite dollar strength making me think there are orders higher up in the supply zone to fill
Started selling 1.2320. TP open for now. See what happens on dxy.

if dollar takes out this new demand area then close and wait for LO
  • #721,555
  • Jan 18, 2023 1:21am Jan 18, 2023 1:21am
Quoting pipcenturion
{quote} I would have been posting LIVE (real time entries) as PAT does but my tiny little account size might make many here laugh at me. Maybe I should just do it anyway. I refuse to be ashamed of these current days of "little beginnings". {image}
It is about pips, not dollars to prove success. Dollars are supposed to come if you can get pips!
  • #721,556
  • Jan 18, 2023 1:23am Jan 18, 2023 1:23am
Up over 100 pips on my GU...I Mentioned it on sunday and this move is just starting lol
  • #721,557
  • Jan 18, 2023 1:23am Jan 18, 2023 1:23am
Quoting Yngwie
Sell limit 1.2320
Activated
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #721,558
  • Jan 18, 2023 1:25am Jan 18, 2023 1:25am
Quoting pipcenturion
{quote} I would have been posting LIVE (real time entries) as PAT does but my tiny little account size might make many here laugh at me. Maybe I should just do it anyway. I refuse to be ashamed of these current days of "little beginnings". {image}
Be not ashamed, my brother.
Hell I'll go you one better!
I started a 30 USD account on Monday (I bet your "tiny, little" account will best that any day lol).
Just figured if I know what I think I may know, even a 10 or 20 or 30 USD profit would be a victory in my book by weekend.
Just the same way I would expect to handle a 3,000 USD account, I put my head down with my 30 bucks, used SLs more often, scalped the heck outta that shit and it's my 3rd day on the same account (which is a rarity for me cos I'm used to blowing whatever account i have in 24hrs or less!).
I mean, I've even tried the prop trading thing, paying 200-300 USD each time after I blow an account within hours.
Just picked the lessons here and there and just thought, 4uk it, I'll put in the little real money I have and if I'm not as foolish as I was yesterday, I should be able to work with 30 USD in an FX market where the impossible can come to life with belief, hard work, discipline, patience, humility and consistency. But I bet you know ALL this already.


PS: Oh, I almost skipped mentioning, that account is here now...
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  • #721,559
  • Jan 18, 2023 1:25am Jan 18, 2023 1:25am
Quoting suhas316
{quote} I am bullish above 1.21800 because , 1.21800 tested 4 times and it comes between fib levels 50.0 and 61.8. So let's see if it breaks or hold. {image}
140+ pips now
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!! Radha Radha !!
  • #721,560
  • Jan 18, 2023 1:27am Jan 18, 2023 1:27am
I have a Sell on UJ. I will hold this one until TP

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I am neither brave nor stupid...I am just a part time trader
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