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Cable Update (GBPUSD)

  • #821,621
  • Edited 7:17am Apr 15, 2024 7:06am | Edited 7:17am
heres a simplified chart of what GU must do today....

i went countertrend long because of that support level for a temporary bounce Friday...i posted charts about my logic that day

so GU absolutely,positively needs the bulls to keep buying and close above that line otherwise theyre dead meat

lets see if the bulls that haven't been castrated yet could muster up some balls and do that...I'm gonna be looking for sell signals cause I'm done with longs unless I scalp off 15 min chart using a tight sl so I don't sit thru a DD again like I did over the weekend

even tho I think retail sales might disappoint GU may have a hard time getting back into that range on daily and weekly charts... bulls may dance around back in that range for a little while but they'll get shot again like in this clip ...if you haven't watched both bad lieutenant movies you've missed greatness LOL

Inserted Video
short trump and go long the deepstate
  • #821,622
  • Apr 15, 2024 7:10am Apr 15, 2024 7:10am
forgot the chart in the other post

edwards and magee gentlemen...buy the book and learn
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #821,623
  • Apr 15, 2024 7:17am Apr 15, 2024 7:17am
long set-up @ 1.2492 sl 1.2474 an pick your RR TP? anyone? (magic 100 system)
Attached Image (click to enlarge)
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #821,624
  • Apr 15, 2024 7:25am Apr 15, 2024 7:25am
you see how this shit works?

its nothing complicated...keep it simple...

here's my simplified chart with the black support line...my other more detailed charts are friday while I was trading ...draw your shit gentlemen on higher timeframes so when you jump down in time you'll have sup/res levels without screwing around drawing shit on 5 min charts LOL

here's the daily and hourly chart with that black line ....so trade around that line if you're scalpers gentlemen and don't become roadkill like I know many of you will LOL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-15 065712.png Size: 14 KB
Click to Enlarge Name: Screenshot 2024-04-15 071845.png Size: 11 KB
short trump and go long the deepstate
  • #821,625
  • Edited 8:20am Apr 15, 2024 7:30am | Edited 8:20am
1 h will return, wait. But 4 H global trend down maybe it reverse but not today.Its a long story.Today no reverse of 4h, maybe retrace only.
I say. On H4 long only, we dont see 1.23. But no reverse yet.Need wait.maybe one day.
  • #821,626
  • Apr 15, 2024 7:31am Apr 15, 2024 7:31am
Data is predominantly green 125 not yet
Insane in the Brain..
  • #821,627
  • Apr 15, 2024 7:33am Apr 15, 2024 7:33am
holy shit

was a 50/50 chsnce sales would disappoint after I did my homework so I guessed diappoint

seems like we spent lots of money for easter crap last month ...i know my mother did since I had to drive her to the stores
short trump and go long the deepstate
  • #821,628
  • Apr 15, 2024 7:35am Apr 15, 2024 7:35am
Quoting Luxyus
{quote} till now pound has recovered nicely but currently amongst all majors dollar is gaining strenght {image}
boomin
chaos is just unknown order
  • #821,629
  • Apr 15, 2024 7:35am Apr 15, 2024 7:35am
Quoting Zebi
you see how this shit works? its nothing complicated...keep it simple... here's my simplified chart with the black support line...my other more detailed charts are friday while I was trading ...draw your shit gentlemen on higher timeframes so when you jump down in time you'll have sup/res levels without screwing around drawing shit on 5 min charts LOL here's the daily and hourly chart with that black line ....so trade around that line if you're scalpers gentlemen and don't become roadkill like I know many of you will LOL {image} {image}

YOU have no idea
volume and price determine the market #
I drew a line that didn't help the trend channel.

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: screenshot_USR_GBPUSD_2024.04.15_14.35.02.png Size: 124 KB
  • #821,630
  • Apr 15, 2024 7:40am Apr 15, 2024 7:40am
I think Japan is about to intervene...
Today during US Session or tomorrow at latest.

I think this thing is over... USD/JPY won't reach 155 in my opinion.

If I was conducting intervention I would start today before USD/JPY gets out of hand. Intervention produces around 600 pips, so waiting USD/JPY to breach 155 or go even pip more isn't wise. USD/JPY would be above 150 very fast again.

It's now or never.

All CB heads and MoF are gathering due to IMF Meetings and this will be joint intervention.
  • #821,631
  • Apr 15, 2024 7:42am Apr 15, 2024 7:42am
out of my short.
switched to long.

might be a mistake

SL below low
TP I don't know.
maybe 1.28 again?

will decide later during the week.
first thing has to get into 1.25 area
90% of traders use TA, indicators and prediction
  • #821,632
  • Apr 15, 2024 7:43am Apr 15, 2024 7:43am
Quoting kette
{quote} YOU have no idea volume and price determine the market # I drew a line that didn't help the trend channel. {image} {image}

how you doing kette...hang around and show us how you trade..there lots of beginners in here since we get close to 200 people at times that might like to learn volume profile

just do it in realtime....don't wait 20 minutes to an hour to post your profitable trades
short trump and go long the deepstate
  • #821,633
  • Apr 15, 2024 7:45am Apr 15, 2024 7:45am
Quoting 7154Superman
{quote} Try Oanda.com. You can start with only $.01
Thank you very much for the response.
  • #821,634
  • Apr 15, 2024 7:48am Apr 15, 2024 7:48am
Quoting Zebi
{quote} how you doing kette...hang around and show us how you trade..there lots of beginners in here since we get close to 200 people at times that might like to learn volume profile just do it in realtime....don't wait 20 minutes to an hour to post your profitable trades


hello
I had to get in touch, your contributions are brilliant.
by the way, you'll see more in the future.
stay healthy you bandit
Attached Image (click to enlarge)
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  • #821,635
  • Apr 15, 2024 7:48am Apr 15, 2024 7:48am
Quoting _BBKing_
out of my short. switched to long. might be a mistake SL below low TP I don't know. maybe 1.28 again? will decide later during the week. first thing has to get into 1.25 area
I think it's a fakeout. I'm usually wrong.
  • #821,636
  • Apr 15, 2024 7:49am Apr 15, 2024 7:49am
Quoting Whatevs
I think Japan is about to intervene... Today during US Session or tomorrow at latest. I think this thing is over... USD/JPY won't reach 155 in my opinion. If I was conducting intervention I would start today before USD/JPY gets out of hand. Intervention produces around 600 pips, so waiting USD/JPY to breach 155 or go even pip more isn't wise. USD/JPY would be above 150 very fast again. It's now or never. All CB heads and MoF are gathering due to IMF Meetings and this will be joint intervention.

Why would the Japanese intervene? They benefit massively with a devalued yen, can you explain m8??
Don't Leave Money on the Table
  • #821,637
  • Apr 15, 2024 7:59am Apr 15, 2024 7:59am
Quoting HaLBot
{quote} Why would the Japanese intervene? They benefit massively with a devalued yen, can you explain m8??
Mark my words, Japan will highly probably intervene today or do something about the weak JPY, because this is getting ridiculous...

It's bad because whatever Japan imports costs more. Today's move is huge and came out of the blue sky, literally.

Either Japan intervenes here and now or they have decided to destroy Yen's value completely and its purchasing power.

If that's the case, JPY is about to experience a hell ahead.
  • #821,638
  • Apr 15, 2024 8:02am Apr 15, 2024 8:02am
Quoting _BBKing_
out of my short. switched to long. might be a mistake SL below low TP I don't know. maybe 1.28 again? will decide later during the week. first thing has to get into 1.25 area
h1 candle shows exactly what I expected -> not yet ready to go into 1.23 area.
let's see if continues upward.

will be satisfied to target into 1.25 area
90% of traders use TA, indicators and prediction
  • #821,639
  • Apr 15, 2024 8:07am Apr 15, 2024 8:07am
Quoting kette
{quote} hello I had to get in touch, your contributions are brilliant. by the way, you'll see more in the future. stay healthy you bandit {image}
nice to see you in here
have very similar entry + target
let's see hopefully will play out before the CPI so today / tomorrow
90% of traders use TA, indicators and prediction
  • #821,640
  • Apr 15, 2024 8:08am Apr 15, 2024 8:08am
Quoting _BBKing_
{quote} h1 candle shows exactly what I expected -> not yet ready to go into 1.23 area. let's see if continues upward. will be satisfied to target into 1.25 area

After better than expected US sales figures you would have expected GU and EU to continue south but the opposite is happening, the bullish action looks like it will continue into the rest of the NY session
Don't Leave Money on the Table
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