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Cable Update (GBPUSD)

  • #773,741
  • Sep 10, 2023 1:25am Sep 10, 2023 1:25am
Quoting Robinhood1
https://youtu.be/4m0vxJelVcg?si=e2mNVWqbjaPQMz_F
We will catch Yen together! Deal?
  • #773,742
  • Sep 10, 2023 1:29am Sep 10, 2023 1:29am
Quoting JereMi256
{quote} That may likely happen on Tuesday. This 12k gap forecast has the volume required for that. {image}

These two weeks are the strongest two weeks in this year and every year actually. From GDP's, to CPI's and IR's decision by 5 main central banks. It'll be crucial to correctly assess the main direction and not to catch retracements in my opinion.

With Claimant Count Change the show begins it seems yes!

Q/Q GDP for UK is at 0.2% right?

Forecast this week is that it'll be negative, dropping by 0.7%.

Next week is what I'm waiting for. This week is also good however.
  • #773,743
  • Sep 10, 2023 1:37am Sep 10, 2023 1:37am
Quoting TheWraith
{quote} We will catch Yen together! Deal?
HI. Are you planning to short usdjpy?
POSTMASTER
  • #773,744
  • Sep 10, 2023 1:42am Sep 10, 2023 1:42am
Quoting Robinhood1
{quote} HI. Are you planning to short usdjpy?
Honestly? Higher probability I won't and will Short GBP/JPY and CHF/JPY instead. If there is a downturn coming, USD won't be doing badly as GBP for example against JPY, that's why.

This week I'll go Long USD/JPY, very probably! When Fed comes, I'm done Buying USD, because I'm scared of Japan after Powell is done talking and propping USD.

In the week with Fed, BoE, SNB this is when I expect a deep correction to finally happen on Yen either via intervention or something else (before CB hikes currency appreciates, on the day of rate hike it falls). I'll have more than enough data by the Fed next week to see if correction is coming or not. So far, the charts are suggesting correction is coming soon!

Even now, Daily chart on CHF/JPY continues to close below the Resistance (main gray line) and trend changing line (blue line) is above candles and other MA's suggesting reversal. It's here, it's either this week or the next one. I think it's next, because as USD/JPY goes up, others will follow as was the case for the last 2 years almost.

Your 140 projection is probably right, just right a little bit too soon it seems. We'll see...

That triple top on H4 chart on CHF/JPY, once broken will attract Buyers and then goodbye Buyers! I think this is how it'll play out.
  • #773,745
  • Sep 10, 2023 2:06am Sep 10, 2023 2:06am
Quoting DrDave
{quote} Still need to see if this swing down on M5 ends in a higher low before deciding if there is buying opportunity.

2019 : An error for buying.
Now : The price can't go down more.
-----------------------------------------

BUY GU : 1.240XX OR BUY NOW..............

TP = 1.327XX
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: WEEK.jpg Size: 146 KB
  • #773,746
  • Sep 10, 2023 2:09am Sep 10, 2023 2:09am
Quoting TheWraith
{quote} These two weeks are the strongest two weeks in this year and every year actually. From GDP's, to CPI's and IR's decision by 5 main central banks. It'll be crucial to correctly assess the main direction and not to catch retracements in my opinion. With Claimant Count Change the show begins it seems yes! Q/Q GDP for UK is at 0.2% right? Forecast this week is that it'll be negative, dropping by 0.7%. Next week is what I'm waiting for. This week is also good however.
Noted, thanks!
Face 'ur fears & tame 'ur greed
  • #773,747
  • Sep 10, 2023 2:33am Sep 10, 2023 2:33am
I am puré TA. Don't believe in a specific direction after economic anouncements. I lost 30k overnight beggining of 2000 when US invaded Iraknever again buddy. Usdjpy price is unable to make a new high over the weekend and although means nothing, there it is, at the moment.
Attached Image (click to enlarge)
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POSTMASTER
  • #773,748
  • Sep 10, 2023 3:41am Sep 10, 2023 3:41am
Quoting Robinhood1
I am puré TA. Don't believe in a specific direction after economic anouncements. I lost 30k overnight beggining of 2000 when US invaded Iraknever again buddy. Usdjpy price is unable to make a new high over the weekend and although means nothing, there it is, at the moment. {image}
It's weekend though!
  • #773,749
  • Edited 4:19am Sep 10, 2023 4:08am | Edited 4:19am
Quoting TheWraith
{quote} It's weekend though!
Should be easier for Algo to push it up considering they have set protocol at the exchange this shows me that eventhough, Market is master. There must be an ocean of selling orders
POSTMASTER
  • #773,750
  • Sep 10, 2023 4:17am Sep 10, 2023 4:17am
This thread has gone back to normal. Very few members left though, and 3 times FF viewing bots. Oh well.
POSTMASTER
  • #773,751
  • Sep 10, 2023 4:27am Sep 10, 2023 4:27am
Inserted Video
POSTMASTER
  • #773,752
  • Sep 10, 2023 4:50am Sep 10, 2023 4:50am
Quoting Robinhood1
{quote} HI. Are you planning to short usdjpy?
There will be better ways to play JPY strength when it comes. I expect USD to be strong for some time yet while GBP, CHF, NZD, EUR etc are all weakening.
UJ will react initially but the longest and quickest ride will be with the crosses.
Its all just one persons opinion
  • #773,753
  • Sep 10, 2023 4:56am Sep 10, 2023 4:56am
Quoting Robinhood1
I am puré TA. Don't believe in a specific direction after economic anouncements. I lost 30k overnight beggining of 2000 when US invaded Iraknever again buddy. Usdjpy price is unable to make a new high over the weekend and although means nothing, there it is, at the moment. {image}
What happend to 3 6 9??
Vortex math and Tesla's 3-6-9
To free Gazans of Hamas, use whatever it takes.
  • #773,754
  • Sep 10, 2023 5:10am Sep 10, 2023 5:10am
Love it , all the forecasters are out when in reality all you have to do is follow what the chart is telling you , so simple yet so overcomplicated.
Follow The Markets Structure - Patience and Discipline
  • #773,755
  • Sep 10, 2023 5:20am Sep 10, 2023 5:20am
monitor the open for weekly bias.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #773,756
  • Sep 10, 2023 5:22am Sep 10, 2023 5:22am
Quoting axecap
{quote} There will be better ways to play JPY strength when it comes. I expect USD to be strong for some time yet while GBP, CHF, NZD, EUR etc are all weakening. UJ will react initially but the longest and quickest ride will be with the crosses.
Sure. As long as there is profit no matter which cross. I chose Usdjpy cos i spotted a pattern there but i could have been any.
POSTMASTER
  • #773,757
  • Edited 5:39am Sep 10, 2023 5:24am | Edited 5:39am
Quoting DrDave
{quote} What happend to 3 6 9?? Vortex math and Tesla's 3-6-9
It is still there. 1440 min in a day x 6 which controls a circle(cycle)= 8640. This parameter cannot be used normally on an indicator through 1 min TF so we use a 10 min TF setting it to 864
POSTMASTER
  • #773,758
  • Sep 10, 2023 5:33am Sep 10, 2023 5:33am
Quoting Robinhood1
{quote} It is still there. 1440 min in a day x 6 which controls a circle= 8640. This parameter cannot be used normally on an indicator through 1 min TF so we use a 10 min TF setting it to 864
You want to use on 15 m TF. Okay, divide it by 15 = 576 which is an 18 which= 9
9 being the key number
POSTMASTER
  • #773,759
  • Sep 10, 2023 7:13am Sep 10, 2023 7:13am
Quoting Robinhood1
{quote} It is still there. 1440 min in a day x 6 which controls a circle(cycle)= 8640. This parameter cannot be used normally on an indicator through 1 min TF so we use a 10 min TF setting it to 864
I see you stated that 8640 "controls a cycle". So is 8640 the cycle, or is it 1440? In any case you have selected 8640 as the important parameter.

It seems to me that you arbitrarily selected 10 minute TF with the parameter 864. And that would yield 1 minute TF of parameter 86.4. What about just rounding that up to 90?

But from another view, if 1440 is the circle and 6 merely a "control" factor, then the 1 minute TF parameter is merely 1X6 = 6, and the 10 minute TF parameter 60.
To free Gazans of Hamas, use whatever it takes.
  • #773,760
  • Sep 10, 2023 7:17am Sep 10, 2023 7:17am
Quoting pipfarm
Love it , all the forecasters are out when in reality all you have to do is follow what the chart is telling you , so simple yet so overcomplicated.
As you have observed, few can even come to grips with looking at more than 2 TFs, so no chance of understanding the interconnections of smaller TFs to larger ones.
To free Gazans of Hamas, use whatever it takes.
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