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Cable Update (GBPUSD)

  • #779,021
  • Sep 29, 2023 4:40am Sep 29, 2023 4:40am
...looking further up, the 2274-2323 area is a prev dly sw lo zone that dates back to early April of this year, it contains the more 'major' 2307-2321 prev dly/wkly sw lo zone from May of this year, and also 2 x pivots, Dly R2 @/around 2287, and Wkly Pivot @/around 2297, as well as the ever present ubiquitous fibs.

dly below
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Trader with an Edge.
  • #779,022
  • Sep 29, 2023 5:20am Sep 29, 2023 5:20am
Starting my shorts, first short @1.2260, sl-- 1.2270

For scalping only--tp-1.2245
  • #779,023
  • Sep 29, 2023 5:23am Sep 29, 2023 5:23am
Quoting DubaiFX
Hello Guys, waoo what a Nice fall it was, but i think that's time to buy Little in the mix, i will prepare for NFP and PCE for sure,
Waoo That was Good decision,
nice 100 pips move it was,
now it is time to wait for PCE,
and it is still sticky situation with PCE
don't be fooled with Inflation numbers,
FED does not care about Inflation numbers as Much as they Do about
Core PCE,
and PCE,
Trust me, i have been here for last 11 Years and one thing is for sure,
it will be Messy today,
and YEN it will be a free fall if Core PCE is down,
and Don't forget,
2 Important things,
1: this is END of Quarter, And Weekend Also, and Big boys do their RISK Assessment and they do take Profits,
2: 149.80 or 148.00 both are Possible,
but above 150.00 i dont see Japan Holding back much Either,
but i will say this i will be selling USDJPY and Cross pairs too specially CADJPY it is gone to 111.00 Nicely,
anyways be careful most of the time i don't trade PCE it is always tricky,
but looking at Yields and USDINDEX i am sure it is over bought on several levels,
and Plus EURO and POUND are at their lowest so Modest Recovery is very much Possible,
Don't compare your Trades with Others
  • #779,024
  • Sep 29, 2023 5:37am Sep 29, 2023 5:37am
Quoting TheWraith
USD/JPY H1! 3 BLACK CROWS!!! Potentially..
Timeframes matter, for reliability
on the cable weekly you saw 4 identical crows (slightly defective) this is still useful information
this up move can't take the crows
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #779,025
  • Sep 29, 2023 5:39am Sep 29, 2023 5:39am
Quoting DubaiFX
{quote} Waoo That was Good decision, nice 100 pips move it was, now it is time to wait for PCE, and it is still sticky situation with PCE don't be fooled with Inflation numbers, FED does not care about Inflation numbers as Much as they Do about Core PCE, and PCE, Trust me, i have been here for last 11 Years and one thing is for sure, it will be Messy today, and YEN it will be a free fall if Core PCE is down, and Don't forget, 2 Important things, 1: this is END of Quarter, And Weekend Also, and Big boys do their RISK Assessment and they do take Profits,...
100% agree.

For which reason the Gap on Gold was closed yesterday and they are doing their last rallies against Yen to both get good positions and eliminate as much Shorts as possible. DXY (USD) should plummet very soon.

If 150 USD/JPY isn't hit, that's because they are done going up against Yen and they don't want to trigger tens of thousands of Sell Limit Orders at 150 if they are about to drop.

Somehow, I also see Core PCE down today. However, the main news still remain and that is US government shutdown which we should know if it'll happen or not today.
  • #779,026
  • Sep 29, 2023 5:41am Sep 29, 2023 5:41am
Quoting Headland
G/M, y/day's dly bullish engulf candle engulfed previous 2 x bearish ones on that t/f. So far today an upside follow thru on it, mainly in Asia so far with a false 1st break of the Asian hi into that prev 4hr sw lo zone that runs 2230-2266 = prev supp = pot sbr, that I discussed y/day. 2259-65 is a 3 fib cluster in it. 2275-79 is a 5 fib cluster. {image}
...testing top of that zone highlighted above in quote from my earlier post, right @ top of the 2259-65 3 fib cluster in that zone. Above this zone and with the top of it coexistent with bottom of that prev dly sw lo zone = prev supp = pot sbr mentioned in my post above, is prev 1hr/4hr sw hi zone = prev res = pot res that extends up to 2285. Next fib cluster is in that zone, 2375-79, a 5 fib cluster. Dly R2 just above the zone @/around 2287.

4hr below
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Trader with an Edge.
  • #779,027
  • Sep 29, 2023 5:42am Sep 29, 2023 5:42am
the range was small, the move low tf tricky, but it's still inline with the monthly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #779,028
  • Sep 29, 2023 5:42am Sep 29, 2023 5:42am
Quoting TheWraith
USD/JPY H1! 3 BLACK CROWS!!! Potentially..

OH GOD...not another one with the black crows

theyre contagious
short trump and go long the deepstate
  • #779,029
  • Sep 29, 2023 5:45am Sep 29, 2023 5:45am
Quoting Zebi
{quote} OH GOD...not another one with the black crows theyre contagious
Buhahahahah
  • #779,030
  • Sep 29, 2023 5:46am Sep 29, 2023 5:46am
"Bad" Core PCE and we have GBP/USD above 1.23.
  • #779,031
  • Sep 29, 2023 5:46am Sep 29, 2023 5:46am
Quoting TheWraith
USD/JPY H1! 3 BLACK CROWS!!! Potentially..

im just joking wraith

just remember location and position of patterns matter

a bearish pattern at lows or support is usually the opposite and bullish
short trump and go long the deepstate
  • #779,032
  • Sep 29, 2023 5:48am Sep 29, 2023 5:48am
Quoting Zebi
{quote} im just joking wraith just remember location and position of patterns matter a bearish pattern at lows or support is usually the opposite and bullish
I know hahaha! This madness with crows was just too funny not to continue with..
  • #779,033
  • Sep 29, 2023 5:50am Sep 29, 2023 5:50am
i just placed stoplosses to protect profits ccause dont want to go back into DD on such a glorious friday morning in america

Inserted Video
short trump and go long the deepstate
  • #779,034
  • Sep 29, 2023 5:52am Sep 29, 2023 5:52am
Quoting TheWraith
"Bad" Core PCE and we have GBP/USD above 1.23.
Plus the risk that they don't report because of the shut down.
  • #779,035
  • Sep 29, 2023 5:54am Sep 29, 2023 5:54am
Quoting dantpm
{quote} Plus the risk that they don't report because of the shut down.
I think today's news will be posted, but from today onwards yeah... agree.
  • #779,036
  • Sep 29, 2023 5:57am Sep 29, 2023 5:57am
Quoting TheWraith
{quote} I think today's news will be posted, but from today onwards yeah... agree.
It will be interesting to see how price reacts to red flag news releases that are blank.
  • #779,037
  • Sep 29, 2023 5:58am Sep 29, 2023 5:58am
...there is a developing pattern of 4hr bearish hidden div right now but could develop further if price continues to rise - may stay valid so long as price below 2421.
91% 30day adr traveled so far today. 72% 13 wk awr traveled, and 141% 6mth amr traveled.
Trader with an Edge.
  • #779,038
  • Sep 29, 2023 6:17am Sep 29, 2023 6:17am
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Mmmm
  • #779,039
  • Sep 29, 2023 6:19am Sep 29, 2023 6:19am
There is currently an 85.1% chance that the uptrend will continue.
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  • #779,040
  • Sep 29, 2023 6:22am Sep 29, 2023 6:22am
It went to even 1.22700 ,mf i hate you
Now next stop 1.22841
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yes yes yes
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