Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} Thanks for the update Zebi. There is no real strength to push UJ higher as it strengthened at the beginning of the week but could not maintain its momentum and turned lower. The reading for my DJIA dollah index is below 13000 (weak). Thinking of abandon this thread, as it look very exhauseive to move higher ,as BOJ may intervene next week. What do you think ?, Carry on or abandon. Thank you Zebi

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Quoting Zebi

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{quote} ill know more after today's close but looks bullish to me so staying with my longs I got 154 target off my monthly chart so have to believe in it ...that's only 250 pips from here so I doubt that will make the island of japan sink below the water people are fixated about a intervention like one will kill the greenback but like I showed before it took 3 interventions in a month to kill the dollar and that was only because every other central bank was dumping dollars too that sept and October

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Quoting Zebi

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{quote} don't forget bulls jammed up a pretty good pmi number that was above 50 to only have it fall back due to reality sinking in of the stupidity of doing that Wednesday and now they're jamming up a spectacular NFP number which means a rate cut is being pushed back to December if it even happens this year like cashkari said I'm gonna short this ramp up on a 4H sell signal if not today than sun/monday and I'm gonna use this cattle prod when I do short {image}

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Quoting Pat Chiko

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{quote} Hi Zebi, I'm a newbie and now Im confused by your statement saying " The markets are rigged, they control the markets." Kashkari act as bad cop and JayPow as good cop. Now lets look at what FED and data say on the possibilities of rate cut. Maybe Kashkari saying the truth, the data says that the USA is still strong, if they were to cut they would have to do so by the summer. The FED can't cut rates in the winter becausec of the election. Thus it will leave only one option for JayPow, rate cuts later in the year, but not as much as expected....

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Quoting Pat Chiko

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{quote} Oh Zebi, before I let you go for the weekends, I would like to ask you some newbie concern/ question. I hopw you can help newbie like to me to understand how you approach at data. Looking at it and analysisng it. Here is my doubt on your statement (marked RED above).: Did you seriously just pick one number, the PMI, to push this "USD strength" narrative? That's like judging a book by its cover! The PMI being above 50 is just one tiny piece of the puzzle. Where's the rest of the data, Zebi? Are you deliberately ignoring the high average job...

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Quoting Pat Chiko

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{quote} Sorry Boss, Youre not Zebi.

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Quoting UST

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{quote} My Bad. I didnt mean to disturb your date.

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Quoting Zebi

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{quote} I have to go so ill answer this later ...my mother called and she wants me to get some shit from the store cause my niece got home from college for spring break and I sold my moms car since shes too old to drive now I wanted to ask her why shes not making the worthless father take his ass to the store but I didn't...ill piss her off in person when I get it LOL

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Quoting Pat Chiko

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GU Anyhow, I wait got pullback to EW2 and get into the rocket.... Maybe later today or Monday. I hope to get lucky. {image} This is not signal service.

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Quoting T721

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Anyone here from New York ... just heard its been hit with a 4.8 earthquake ..... Hope all are OK

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Quoting Coreg2004

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{quote} T, I wouldn't know we had the earthquake if I didn't receive the emergency alert on my cell phone. The laptop (screen) shook for about 15 seconds. All good for now. Thanks for your concern.

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Quoting UST

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{quote} {image}

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Quoting Pat Chiko

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{quote} Hi Zebi, I'm a newbie and now Im confused by your statement saying " The markets are rigged, they control the markets." Kashkari act as bad cop and JayPow as good cop. Now lets look at what FED and data say on the possibilities of rate cut. Maybe Kashkari saying the truth, the data says that the USA is still strong, if they were to cut they would have to do so by the summer. The FED can't cut rates in the winter becausec of the election. Thus it will leave only one option for JayPow, rate cuts later in the year, but not as much as expected....

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Quoting Whatevs

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{quote} I'm still staying with the June rate cut prediction. This is when all of the major central banks have a meeting; Fed, BoE and ECB. Powell knows exactly why he mentioned rate cuts in December even though on Fed meeting and the press he didn't mention rate cuts AT ALL. 13 days later Powell starts talking about rate cuts. The economy is collapsing and the other part of "their mandate" is WAY OF THE MARK. One day... this whole bullshit story about the strong US economy is gonna collapse and Fed will start cutting rates. Some revision or something...

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