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Cable Update (GBPUSD)

  • #773,701
  • Sep 9, 2023 3:26am Sep 9, 2023 3:26am
just sitting idle , so checking pa , daily tf playing underground and so 2420 and 2308 both at risk test and break ! so may to join at some correction up next ! lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #773,702
  • Sep 9, 2023 3:29am Sep 9, 2023 3:29am
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!
At this moment, eurjpy may reach 158.62 Before going down. This is why i closed those positions due to the weekend and a sub-pattern emerging which gives me 2 reversal targets.
POSTMASTER
  • #773,703
  • Sep 9, 2023 3:30am Sep 9, 2023 3:30am
Quoting Robinhood1
{quote} 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.
What I see is this:

In the next couple of weeks, Gold will close the gap at 1865, on the Daily chart this will be one more leg down and then leg up to 2000 (classic W Pattern formation).

GBP/USD will hit at least monthly S2 at 1.215 before reversing.

One more rally against Yen and that's it.

It'll all come together. Gold will finally close the gap, GBP/USD will bounce from significant Support, rally against Yen will break the Range to the upside attracting more Buyers. Then, I think it's Japan that will start the fall of USD once again and Gold will bounce from the gap, GBP/USD from Support and rallies against Yen are over and deep correction will take place, for example CHF/JPY falling to 140, 145.

Alternative scenario (less likely in my opinion): USD sweeping the floor once again with every other major currency.
  • #773,704
  • Sep 9, 2023 3:33am Sep 9, 2023 3:33am
Quoting Robinhood1
{quote} At this moment, eurjpy may reach 158.62 Before going down. This is why i closed those positions due to the weekend and a sub-pattern emerging which gives me 2 reversal targets.
I will not get some targets or entries right still but getting the correct direction will keep me going up.
POSTMASTER
  • #773,705
  • Edited 4:07am Sep 9, 2023 3:50am | Edited 4:07am
Quoting Robinhood1
{quote} I will not get some targets or entries right still but getting the correct direction will keep me going up.
Will try to give an example. If a certain price has to travel from 20 to 80(main pattern) It will not always do 30 x 2 or 10 x 6 (60 is diference between 20 & 80).It might do 6 x 3 -5 +20 etc to reach 80. It will move back and forth pushed by the central Algo. Algo knows everyone 's balance margin positions etc. Before Al appeared, it was random depending on buyers & sellers. Knowing everybody's had makes a big diference. Why if not, do you think retailers have been allowed to participate? Because we have turned into a gold mine for the scammer. Some decades ago only wealthy people could afford to trade. Millions don't make pennies yet pennies make millions.
POSTMASTER
  • #773,706
  • Sep 9, 2023 4:00am Sep 9, 2023 4:00am
Quoting TheWraith
{quote} What I see is this: In the next couple of weeks, Gold will close the gap at 1865, on the Daily chart this will be one more leg down and then leg up to 2000 (classic W Pattern formation). GBP/USD will hit at least monthly S2 at 1.215 before reversing. One more rally against Yen and that's it. It'll all come together. Gold will finally close the gap, GBP/USD will bounce from significant Support, rally against Yen will break the Range to the upside attracting more Buyers. Then, I think it's Japan that will start the fall of USD once again and...
Gold. Going back Up from 1951 to 1910. I need more pattern developing from other pairs yo see what comes after.
GU. I see the reversal 1.2030 which i have posted here. The back & forth if any, do not Know.
Yen. I do not see another rally Up yet. Usdjpy may go down to 140 from where it is now.
We shall see all the scenarios.
POSTMASTER
  • #773,707
  • Sep 9, 2023 4:07am Sep 9, 2023 4:07am
Quoting Robinhood1
{quote} Gold. Going back Up from 1951 to 1910. I need more pattern developing from other pairs yo see what comes after. GU. I see the reversal 1.2030 which i have posted here. The back & forth if any, do not Know. Yen. I do not see another rally Up yet. Usdjpy may go down to 140 from where it is now. We shall see all the scenarios.
Yeah, we'll see.. good thing is that we will see what's really going on relatively soon!

This month will be volatility on max. If big move is coming on Yen, it's coming this month, in that I'm sure 99%!
  • #773,708
  • Sep 9, 2023 5:00am Sep 9, 2023 5:00am
Don't believe the hype about Brexit,

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...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #773,709
  • Sep 9, 2023 6:02am Sep 9, 2023 6:02am
Start viewing ur equity like the trend

you will not grow it in a straight line curve will occurs and growth will happen again.
MY OPINION NOT FINANCIAL ADVISE
  • #773,710
  • Sep 9, 2023 7:03am Sep 9, 2023 7:03am
Quoting ninner
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!!!!
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  • #773,711
  • Sep 9, 2023 8:20am Sep 9, 2023 8:20am
Contemplating whether to shove all my equity into USD or not...
I have almost never seen as strong indication as now.

Charts are screaming to me to buy USD right now.

Not even M1 is bullish on GBP/USD anymore, everything points South.

I really fear for those of you who are waiting for reversal, because you might get destroyed soon.

If I'm wrong, I'm wrong. I just had to share what I see.
Also, the sentiment seems to be shifting aggresively against USD at the moment.

Watch out!
  • #773,712
  • Sep 9, 2023 8:43am Sep 9, 2023 8:43am
Quoting TheWraith
Contemplating whether to shove all my equity into USD or not... I have almost never seen as strong indication as now. Charts are screaming to me to buy USD right now. Not even M1 is bullish on GBP/USD anymore, everything points South. I really fear for those of you who are waiting for reversal, because you might get destroyed soon. If I'm wrong, I'm wrong. I just had to share what I see. Also, the sentiment seems to be shifting aggresively against USD at the moment. Watch out!

you sound like novice

2022 gu drop over 3000 pips

between 2022 low till date gu is up over 2000pips


historically GU is cheap..
MY OPINION NOT FINANCIAL ADVISE
  • #773,713
  • Sep 9, 2023 8:57am Sep 9, 2023 8:57am
Quoting donfriday
{quote} you sound like novice 2022 gu drop over 3000 pips between 2022 low till date gu is up over 2000pips historically GU is cheap..
That is true, historically. This fact however that GU is cheap serves no benefit to traders like us, does it?

Will it still be cheap at 1.21 or perhaps 1.19?
  • #773,714
  • Sep 9, 2023 9:23am Sep 9, 2023 9:23am
Quoting TheWraith
{quote} That is true, historically. This fact however that GU is cheap serves no benefit to traders like us, does it? Will it still be cheap at 1.21 or perhaps 1.19?

below 1.10 is defaulting

meaning beginning to have no value
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MY OPINION NOT FINANCIAL ADVISE
  • #773,715
  • Sep 9, 2023 10:24am Sep 9, 2023 10:24am
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.
how about latest news regarding BOJ Head Ueda interview.? Any comment.?
  • #773,716
  • Edited 10:49am Sep 9, 2023 10:25am | Edited 10:49am
GU : BUY NOW OR BUY GU = 1.24175..................1.23980 NEXT TIME.

I BUY NOW


YOUR TP = 1.26420.


MY TP = 1.27420.
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  • #773,717
  • Sep 9, 2023 10:54am Sep 9, 2023 10:54am
Quoting Rossidi
{quote} how about latest news regarding BOJ Head Ueda interview.? Any comment.?
Yeah, I've read it. Title is misleading. It states in the article that BoJ will need at least few more months of data to determine if inflation is really on sustainable path to 2% or not.

No hike in September. Intervention however, probably yes.

If some new news come out from Japan, maybe that can change something, but so far, no rate hike should be taking place this month.
  • #773,718
  • Sep 9, 2023 10:55am Sep 9, 2023 10:55am
Quoting Kimmymore
GU : BUY NOW OR BUY GU = 1.24175..................1.23980 NEXT TIME. I BUY NOW YOUR TP = 1.26420. MY TP = 1.27420. {image}
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  • #773,719
  • Sep 9, 2023 11:01am Sep 9, 2023 11:01am
Shorting pzfizer, not a bad idea
https://www.armstrongeconomics.com/i...-7-00-a-share/
POSTMASTER
  • #773,720
  • Sep 9, 2023 12:03pm Sep 9, 2023 12:03pm
Quoting Robinhood1
Shorting pzfizer, not a bad idea https://www.armstrongeconomics.com/i...-7-00-a-share/

vvery bad idea..it will probably pop to 37

you should have shorted in the 50's not now
bad news at lows is good
short trump and go long the deepstate
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