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Cable Update (GBPUSD)

  • #773,681
  • Sep 8, 2023 2:01pm Sep 8, 2023 2:01pm
Quoting Eren10
Are we going towards a huge sell (night) day towards parity
According to the Monthly and Weekly that shouldn't be the case as of now. Lowest possible price this pair can fall at the moment seems to be 1.19.
  • #773,682
  • Sep 8, 2023 2:25pm Sep 8, 2023 2:25pm
Quoting TheWraith
{quote} According to the Monthly and Weekly that shouldn't be the case as of now. Lowest possible price this pair can fall at the moment seems to be 1.19.

I wanted remember the crash night of GBP where it fell about 600 pips in minutes next week with CPI will give more idea if there is panic dollar buying.
  • #773,683
  • Sep 8, 2023 3:45pm Sep 8, 2023 3:45pm
Quoting TheWraith
{quote} Yeah, USD/JPY. What do you mean red flag?
Red diamond, sorry
POSTMASTER
  • #773,684
  • Edited 5:14pm Sep 8, 2023 4:09pm | Edited 5:14pm
Quoting Eren10
{quote} I wanted remember the crash night of GBP where it fell about 600 pips in minutes next week with CPI will give more idea if there is panic dollar buying.

funny you should bring that up cause of course GU is going back there LOL

let me explain...over the course of these past months ive posted a set of charts having to do with japans intervention. just last week i posted a chart of GU stupidity..these are all daily and weekly charts...im tired of telling people to lift their nose out of the 1 or 5 min charts cause theyll get brain damage from watching them LOL. if you want to know the future you have to look at the weekly chart at minimum...weekly/quarterly and of course yearly. most people especially the 95% loser crowd never do and they try to pick a trend reversal off a 5 minute chart ROFLMAO...there was someone here or the gold thread trying to do that yesterday

i always say theres nothing intimidating about the hier up charts...just use whatever shit TA you do on the 5 min and use it on weekly..same fookin results youll get plus youll have a good idea where price will be in 3 to 6 months so you dont trade against it.

back to my charts..im not gona repost them cause im lazy and im not wasting all that time trying to educate people that probably prefer to remain stupid and blame algos and market makers and evrything but themselves so ill just requote myself

1st chart is the yen that ive already posted here today...the first intervention was sept 22nd which corresponds to that massive GU drop you want to see again.

so the japanese started shorting dollars after they wiped their assholes cause they shit themselves all because of liz truss and her stupid ass trying to give the rich a tax cut in her budget LOL...thats the second chart...

thwe third one concerns gold which the japanese saved as well..this was my first post in the continuing saga of the dollars relentless rise which if im correct i think i was the only one to say so unless fx34567 did it too before i showed up fulltime in this thread

but keep in mind the dollar ws so strong back then it took the japanese three times to save their asses and everyone elses with some help from BOE and the chinese so it took a coordinated effort by many central banks to stop the dollars superiority which it has just regained after 10 months

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...
Quoting Zebi
i was reading an article about liz trusses stupid ass so wanted to see what effect she had on GU https://www.theguardian.com/politics...ss-premiership lo and behold she made the pound hit a 37 year low with tax cut for rich so guess what?...thats where its going ...i gave the brexit nuts the benefit and posted a blue line but it will probably diddle the lows and then may make a bottom this how i like reading the chart LOL...helps me keep focus where price will end...
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...

again...all this crap i posted here and yet no one said how its all connected and dependent

the tories and brits with their brexit vote that unleashed liz truss on an unsuspecting world is the reason why the dollar will go back to all those levels...its already retraced the yen...china gave up fighting us yesterday and accepts its second class status...britain isssss well id rather not say cause people will start crying

so gentlemen...gold and GU will retrace to the levels they were at the time of that coordinated world intervention on sept 22 nd when the british almost shot themselves in the asses

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
short trump and go long the deepstate
  • #773,685
  • Edited 4:28pm Sep 8, 2023 4:14pm | Edited 4:28pm
so this brings me to my next point

i like saying "learn to read the chart"
i dont mean watch some dumb useless indicator that will have you lose your account. i dont even mean the candles or volume like i do

what i do mean is mark the significant points with what the hell happened and why so you know why liz and the brits are responsible for the calamity the rest of the world is in and usa is still the shining star

even the rich dont want anymore tax cuts and bitch slapped her when she offered them to them that night...read the article
short trump and go long the deepstate
  • #773,686
  • Sep 8, 2023 4:19pm Sep 8, 2023 4:19pm
so read the charts and the reason why price reversed on sept 22nd and im sure everyone agrees news events almost always get retraced 99% of the time so all currencies and all metals will come back down to that sept 22nd level just like usd has against the yen since it wasnt demand related or TA related just news related
short trump and go long the deepstate
  • #773,687
  • Edited 6:06pm Sep 8, 2023 5:48pm | Edited 6:06pm
Quoting Zebi
{quote} funny you should bring that up cause of course GU is going back there LOL let me explain...over the course of these past months ive posted a set of charts having to do with japans intervention. just last week i posted a chart of GU stupidity..these are all daily and weekly charts...im tired of telling people to lift their nose out of the 1 or 5 min charts cause theyll get brain damage from watching them LOL. if you want to know the future you have to look at the weekly chart at minimum...weekly/quarterly and of course yearly. most people...
i forgot to mention the 2nd and 3rd japanaese interventions with BOE help was the day after and couple days later that truss resigned so it wasnt so much the dollars strength as british stupidity that cause them to dump dollars

i just hope that the usa wasnt too involved shorting our own currency to save that insignificant little island once again
short trump and go long the deepstate
  • #773,688
  • Sep 8, 2023 7:32pm Sep 8, 2023 7:32pm
Quoting Nordling
{quote} Wow you are so different. You escaped the matrix, you are an alpha, even a sigma now. Gigachad Peter
yes just as expected from you. congrats. Live long and learn little.

Peter
Real Trading is not gambling.
  • #773,689
  • Sep 8, 2023 7:33pm Sep 8, 2023 7:33pm
Quoting charlienoble
{quote} What a pathetic, self deluded man.
so says the website.

Attached Image (click to enlarge)
Click to Enlarge Name: abcd.png Size: 56 KB
Real Trading is not gambling.
  • #773,690
  • Sep 8, 2023 7:34pm Sep 8, 2023 7:34pm
Quoting Rich.C
{quote} No apologies needed, its just we hold differing points of view. Learning all that I can, about matters that are important to me, is thoroughly entertaining. Not like make a dog do tricks, but like being able to truly see the order in chaos, the beaty in irony and the best in people with a sense of admiration and boundless curiosity.
ok.
Real Trading is not gambling.
  • #773,691
  • Sep 8, 2023 8:44pm Sep 8, 2023 8:44pm
Quoting navk
Tomorrow is friday. A buy when Asia opens is preferable until NYO. The price likely to stay above 2450 when Asia opens. In NYO... only short trades I prefer. This is just i am posting what happens usually. One can take it leave it. No comments needed on this.
Navk, tell me how you know that price will behave in this manner, and then it actually does!!!
  • #773,692
  • Sep 8, 2023 10:05pm Sep 8, 2023 10:05pm
Quoting Zebi
{quote} i forgot to mention the 2nd and 3rd japanaese interventions with BOE help was the day after and couple days later that truss resigned so it wasnt so much the dollars strength as british stupidity that cause them to dump dollars i just hope that the usa wasnt too involved shorting our own currency to save that insignificant little island once again
It was a joint intervention and as far as I can remember, ECB was accused of having a part in it. One intervention began right after London closed and one on London open.

We will be seeing USD/JPY above 150 really soon according to my charts. In my opinion, Japan will wait for the Fed to get out of the picture before they intervene. So, basically after Fed is out of the picture, it's time to put Sell Stop orders and wait.
  • #773,693
  • Sep 8, 2023 10:28pm Sep 8, 2023 10:28pm
Quoting TheWraith
{quote} It was a joint intervention and as far as I can remember, ECB was accused of having a part in it. One intervention began right after London closed and one on London open. We will be seeing USD/JPY above 150 really soon according to my charts. In my opinion, Japan will wait for the Fed to get out of the picture before they intervene. So, basically after Fed is out of the picture, it's time to put Sell Stop orders and wait.
Please re-read your post.
Do you actually believe, think or envision the FED being out of the picture ever?

You may get a respite where it is unlikely that the FED will intervene in the short term as a best case, but they will never be out of the picture.
  • #773,694
  • Sep 8, 2023 10:51pm Sep 8, 2023 10:51pm
Glad i used a limit order and sold more gbpusd last night to add to my short....alot more downside ...hehehehehehe Merry Christmas to me!!!!
  • #773,695
  • Sep 8, 2023 10:54pm Sep 8, 2023 10:54pm
Zebi while you don't need my agreement, I agree with your interpretation that to trade effectively you have to look at higher and lower timeframes.

I am not as convinced as most here that BOJ intervention is inevitably in the cards. The BOJ doesn't have an endless supply of US$ to flood the markets with. Last year at this time the BOJ was making a lot of noise about the value of UJ. This year at the same or higher levels there is not the same level of noise. Instead the BOJ is talking about raising interest rates above 0.

With respect to GU, Liz Truss isn't around and her successors don't appear to be as academically challenged as she was so I don't see a Liz Truss factor impacting GU in the near term.

I believe that it is far more likely that you will see more coordinated central bank activity than central bank intervention.

We will simply have to see what the markets give us to trade and trade what we are given.
  • #773,696
  • Sep 8, 2023 11:55pm Sep 8, 2023 11:55pm
Quoting dantpm
{quote} Please re-read your post. Do you actually believe, think or envision the FED being out of the picture ever? You may get a respite where it is unlikely that the FED will intervene in the short term as a best case, but they will never be out of the picture.
Correct. Fed will always be in the picture.

However, I was saying that if Japan will intervene, they will intervene after Fed's interest rate decisions and projections. So after Fed, I expect Japan's response.

Japan will intervene, that's 1/1 basically and it's most effective after Fed when all eyes won't be looking at the USD so intensely anymore. Everyone is waiting for the Fed and the impact on USD, after that, not so much.
  • #773,697
  • Sep 9, 2023 12:02am Sep 9, 2023 12:02am
Quoting Robinhood1
{quote} Red diamond, sorry
You're probably right about EUR/JPY reaching 161! I think we will see another 300-400 pips rally coming up.

I pray for CHF/JPY to hit 170!
  • #773,698
  • Sep 9, 2023 12:05am Sep 9, 2023 12:05am
Also, it's not just the Fed. September is almost always a killer month. We have all main central banks deciding their interest rates in September. Great volatility is coming! Do I care about decisions? I don't! I follow what my system tells me to do and that's it. However, I do expect a very good price action in the near future.
  • #773,699
  • Sep 9, 2023 12:39am Sep 9, 2023 12:39am
Michael came up with a brilliant analogy - you know those paddling pools in the garden the kids muck about in? Imagine a butterfly or bee landing on the surface of the water. A slight ripple might occur. Then imagine an elephant stomping through your garden and landing a foot in the paddling pool. Pretty much all that water would be displaced. It’s obvious when that elephant has come through your garden. On a Daily/weekly timeframe that can be seen in the 2/3/4 bar swing pattern. I called it a few weeks ago. Bearish on cable and fibre. Why? Because I saw the elephant’s foot on the weekly. And then shorted it - multiple shorts - as I say I am no soothsayer. I’ve got the scars. For those wanting a trade calling service - this is not it. Go to another place. For sentiment and bias and trade ideas, this is a good place. My latest trade idea is long on Cable and Fibre…waiting for higher TF confirmation… it’s forming on the daily… Patience Paduan
  • #773,700
  • Sep 9, 2023 1:22am Sep 9, 2023 1:22am
Quoting TheWraith
{quote} You're probably right about EUR/JPY reaching 161! I think we will see another 300-400 pips rally coming up. I pray for CHF/JPY to hit 170!
My strategy keeps refining thus i believe eurjpy is going down before reaching 161 if it does short term. I have a main pattern and then several sub-patterns, so far 4. It may take some time to identify them all. Meanwhile, i can produce more profits than loses at this stage.
POSTMASTER
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