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Cable Update (GBPUSD)

  • #770,701
  • Aug 27, 2023 8:47am Aug 27, 2023 8:47am
I’m excited for the upcoming week
  • #770,702
  • Edited 9:36am Aug 27, 2023 9:18am | Edited 9:36am
Quoting Whale
I’m excited for the upcoming week
Which part excites you the most?
Personally for me, it's NFP.

We also have some new Red News, S&P/CS Composite-20 HPI y/y.

This wasn't here before. (Change in the selling price of single-family homes in 20 metropolitan areas).

Don't know how much of an Impact this news will have on USD..

I am also happy to finally have a strong signal to start investing in Yen.
Client sentiment has shifted against USD and somewhat against JPY which means deep correction is probably going to take place.

Kill me if I'm wrong, but just going Long on USD and YEN this Month should be the most profitable thing to do in September.
  • #770,703
  • Aug 27, 2023 9:48am Aug 27, 2023 9:48am
Quoting Luxyus
{image} DX index Wyckoff analysis integrated with Fibonacci speed resistance fan. it looks in Accumulation process, approaching phase D and expecting a mark up before end of the year. I ll continue to short fiber and cable
i will be more than surprised to see dxy above 110.

i do think there is a untested BO zone (aka mitigation block) around 109-110
  • #770,704
  • Edited 10:11am Aug 27, 2023 10:00am | Edited 10:11am
Quoting Zebi
{quote} BOJ officials have been threatening to intervene the past two weeks... FF has been posting their twitters and announcements..you can probably still find them on FF... i suspect theyve been doing it stealthily at usa red news announcements cause the reaction is beyond what normally would happen especially during cpi news...that should have been retraced by now..been over a week and half i feel foolish pointing this out cause i know everybody knows this but as you can see on this weekly chart the last time BOJ intervened to sell dollars...
this quote is from gold thread where i made the same comments a month ago



ok gentlemen...i know im stretching the meaning of that word by using it in here but there a few

here are 3 charts...all of usdjpy. 2 are daily and one weekly. i marked the dates where BOJ last intervened in 2022
Last year, Japan's Finance Ministry intervened with roughly $68 billion to prop up the yen on three separate days: Sept. 22, Oct. 21 and Oct. 24 — as the currency notched 150 against the greenback, weakening to levels not seen since 1990. Interventions are usually unannounced and consist of the central bank buying large amounts of yen using billions in dollar reserves.....from cnbc

again like i said in gold thread i feel foolish pointing this out cause i know everybody knows this LOL

intervention is only temporary..as you can see price is back to those levels so BOJ can do all the shit they want regarding the dollar but it wont help in the longer term..took 10 months for my bad ass mfer dollar to retrace their attempts at strong arming it

the dollar is going back to 106 next couple weeks and ultimately 112 in next couple years and the chinese and japanese cant do shit about it

i never paid ueda any mind or attention so i dont know what kind of person he is....if hes smart he'll wait till dollar goes above the point they intervened last before attempting it again otherwise the dollar may just shit on his head

so please "gentlemen"learn to read a fookin chart and mark some key levels on it before talking stoopid crap like people are all over FF that the yen is going up the rest of the year cause of jackson hole speech by ueda and save me migranes in the process from reading so much tripe
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short trump and go long the deepstate
  • #770,705
  • Aug 27, 2023 10:07am Aug 27, 2023 10:07am
and GU is goin back down to that october 2022 level it sprang up from with the japanese help its just doing it much slower
short trump and go long the deepstate
  • #770,706
  • Aug 27, 2023 10:22am Aug 27, 2023 10:22am
Quoting Wavegarrick
{quote} In my opinion Gu is setting up for another leg down. Having said triple bottom and descending trend line needs to go. Trade safe, Cheers. {image}
Gotta love FF
In the coming week I will be looking for a possible bounce from 1.255000 and scalp towards my future weekly pivot at 1.2640 ish (yellow highlight). Short entries to be considered from there depending on price action for a move towards 1.250000.
Have a great week.
Cheers.
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Trade to trade another day
  • #770,707
  • Aug 27, 2023 10:35am Aug 27, 2023 10:35am
Quoting donfriday
only for swing traders no obligation to follow sometime u need to look for low risk high reward trades {image}

2020 we had very similar parttern

not a trade call
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MY OPINION NOT FINANCIAL ADVISE
  • #770,708
  • Aug 27, 2023 11:05am Aug 27, 2023 11:05am
Quoting Wavegarrick
{quote} Gotta love FF In the coming week I will be looking for a possible bounce from 1.255000 and scalp towards my future weekly pivot at 1.2640 ish (yellow highlight). Short entries to be considered from there depending on price action for a move towards 1.250000. Have a great week. Cheers. {image}
I agree with this set up
Intraday only.
  • #770,709
  • Aug 27, 2023 11:25am Aug 27, 2023 11:25am
so going back to the yen charts

if BOJ intervenes at the same level they did last time that failed does anyone think that psychologically it will have an effect on the dollar?

psychology and emotions are 90% of trading and 10% TA so in my view its not a good thing that theyll shoot a second time at the exact same level cause may be construed as panic or incompetence by the market which will just embolden dollar bulls to keep assualting the yen even more after the kneejerk reaction of course

i dont know the reason why all asian currencies are getting shit on and everyone is running to the safety of the dollar and i dont care but its BIG... kind of war type of BIG in that region
short trump and go long the deepstate
  • #770,710
  • Aug 27, 2023 11:51am Aug 27, 2023 11:51am
Quoting dantpm
{quote} Simple explanation, I am able to separate the US government, both good parts and bad parts, the US as a country and the US people. All different things.
Great post, you know someone somewhere just got bitch slapped again.....
  • #770,711
  • Aug 27, 2023 12:19pm Aug 27, 2023 12:19pm
Quoting Nordling
{quote} Gosh, that speech created no volatility at all. Boring Friday. I am closing all the positions. Not thinking about opening any until the labour data. I don't wanna deal with a ranging market for the next 2 weeks. I may trade the GDP data next week for a few days though. I will share it here if i do it. Happy weekends to you all!
EFF this! Bulls seem exhausted. I am gonna try a small short position on Gold when the market opens. Will put a stop around 1925. They should bring this down to grab liquidity before labor data comes in Friday, but i know i will be risking the GDP data. Eff it, i will switch to long if GDP disappoints.

I hope markets won't open with a gap down. It probably will though, looking at the news...

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You have to have an IQ higher than 90 to interact with this user.
  • #770,712
  • Edited 1:59pm Aug 27, 2023 1:33pm | Edited 1:59pm
Quoting Zebi
{quote} this quote is from gold thread where i made the same comments a month ago ok gentlemen...i know im stretching the meaning of that word by using it in here but there a few here are 3 charts...all of usdjpy. 2 are daily and one weekly. i marked the dates where BOJ last intervened in 2022 Last year, Japan's Finance Ministry intervened with roughly $68 billion to prop up the yen on three separate days: Sept. 22, Oct. 21 and Oct. 24 — as the...
USD/JPY going to 106 in the couple of Weeks?

You're talking about Black Swan?

We know interventions are about 500-600 pips.
You're talking about a drop of 4000 pips in couple of Weeks?

Even I'm not that optimistic!
  • #770,713
  • Aug 27, 2023 2:35pm Aug 27, 2023 2:35pm
Quoting TheWraith
{quote} USD/JPY going to 106 in the couple of Weeks? You're talking about Black Swan? We know interventions are about 500-600 pips. You're talking about a drop of 4000 pips in couple of Weeks? Even I'm not that optimistic!
Zebi is talking about USDX to 106.
  • #770,714
  • Aug 27, 2023 2:39pm Aug 27, 2023 2:39pm
Quoting Eren10
{quote} Zebi is talking about USDX to 106.
Ohhhh... well that makes sense. LoL
  • #770,715
  • Aug 27, 2023 2:52pm Aug 27, 2023 2:52pm
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We are looking at continuing the short AT THIS TIME. although on my pc chart it can look like price has broke a tl came back and is now sitting in a possible bonce lower on that tl . So we note this
  • #770,716
  • Aug 27, 2023 2:55pm Aug 27, 2023 2:55pm
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Day chart
  • #770,717
  • Aug 27, 2023 2:57pm Aug 27, 2023 2:57pm
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If anybody remembers that call . You have or should have made a lot of money by now
  • #770,718
  • Aug 27, 2023 3:33pm Aug 27, 2023 3:33pm
GBPUSD price action on the H4 time frame has gone sideways after a bearish surge below the 1.26130 mini-horizontal support area (blue). As the technical impulse favours bears, any northward move would be temporary.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #770,719
  • Edited 7:31pm Aug 27, 2023 5:03pm | Edited 7:31pm
Quoting dempire1
{quote} You are becoming very good at twisting and lying. Lets see how it started: I see that FX# have deleted more posts which I can proof only with replies. How it all started. Your buddy started to talk. First one was “technical analysis is nonsense” - hmm, okay thinking every successful technical analyst in the world. well Some members started questioning. Nothing major. Second - bragging something about 2016 Third - claimed he has a system with these epic results(see screenshot). Thats where I stepped in. Asked him is this...
For the record I posted results from a back test. I never proclaimed that it was anything different. I said, "The truth speaks for itself" and posted a screenshot of my back testing results. This degenerate freak keeps trying to create a bizarre narrative whereas anything and everything I do must be dishonest. He's a crazed maniac. I also said that technical analysis was nonsense. What he doesn't tell you is that I also said that statistically based technical analysis probably holds more value/weight. For example, moving averages.

He thinks if he repeatedly harasses me and posts the same shit over and over again that you will believe him. He thinks that if he blows up screenshots that it will change the reality of my statements. He's trying to bait me into giving him more trading knowledge, but it doesn't work that way. I might have helped him if he had thought twice about attacking me. In his sick and twisted world, you get information from people by attacking them. On the contrary, because of his actions and the actions of others who I won't mention I will no longer be posting my weekly trades publicly.

PS: Yes, I do have a system with epic results. I chose to send a screenshot of my back testing results instead of real time results for privacy reasons. In addition, I will never ever share my system with this degenerate "dempire" and that is 100% guaranteed. Just so you know, I might have shared it with you if you had been even slightly respectful. I can't even remember the last time I have come into contact with people as disrespectful and rude as the people in this thread.
Trade at your own risk.
  • #770,720
  • Aug 27, 2023 5:09pm Aug 27, 2023 5:09pm
Quoting Nordling
{quote} EFF this! Bulls seem exhausted. I am gonna try a small short position on Gold when the market opens. Will put a stop around 1925. They should bring this down to grab liquidity before labor data comes in Friday, but i know i will be risking the GDP data. Eff it, i will switch to long if GDP disappoints. I hope markets won't open with a gap down. It probably will though, looking at the news... {image}
Got in.
You have to have an IQ higher than 90 to interact with this user.
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