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Cable Update (GBPUSD)

  • #821,981
  • Apr 17, 2024 11:18am Apr 17, 2024 11:18am
Quoting zuko
{quote} Probably because of this: 19:00 GBP BOE Gov Bailey Speaks

BOEs Bailey: I expect next month's inflation number will show quite a strong drop
Don't Leave Money on the Table
  • #821,982
  • Apr 17, 2024 11:23am Apr 17, 2024 11:23am
GBP/USD D chart
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!! Radha Radha !!
  • #821,983
  • Apr 17, 2024 11:40am Apr 17, 2024 11:40am
Quoting Zebi
{quote} I moved down my sell stop to 153.66... under my average cause don't want it hit and have it reverse while I'm awake ill move up my sell stop again when I go to sleep ...that's how I'm fishing and waiting for the intervention to happen using sellstops since I don't want to short manually anymore watching charts all the time everything else is the same {image}


am I glad I did that...cause price would have filled my sell stop and reverse like I was suspicious it might LOL


I'm glad to see the cracks getting bigger in the dam....whatev might be right for once this month about the intervention

if UJ don't fall today ill move my sellstop back up for when I go to sleep
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short trump and go long the deepstate
  • #821,984
  • Apr 17, 2024 11:41am Apr 17, 2024 11:41am
Quoting Zebi
{quote} am I glad I did that...cause price would have filled my sell stop and reverse like I was suspicious it might LOL I'm glad to see the cracks getting bigger in the dam....whatever might be right for once this month and boj will intervene {image}
Shorting near 155 is best. I have one order on the top 154.700. Anything below 155 is fine in my opinion.
When price gets near 155 it should be over.

Gregory Mannarino is warning that it's a game over if the debt market goes "no bid".
  • #821,985
  • Apr 17, 2024 11:44am Apr 17, 2024 11:44am
BoE’s Bailey: I Expect Next Month’s Inflation Number Will Show Quite a Strong Drop

We'll see, but if that's true, then the forecast I share with GM about rate cuts in June for ECB and BOE along with the Fed is actually correct.
  • #821,986
  • Apr 17, 2024 11:46am Apr 17, 2024 11:46am
Quoting Fishbones
{quote} In other words… the house will eventualy win?… Is there any point to get in this trading bussiness unless you have meet the requirements you just mentioned?… i follow your posts for about 2 years meenwhile i made about $4k in 2020 and lost $25k since… looks like i m not getting ahead with this and i was wondering if would be better to quit now instead of slowly bleed out time and money. thanks…
Fishbones.
Thank you for reaching out,
Firstly Halbot, Whatevs and Zebi have given great responses.
Quote
In other words… the house will eventualy win?
It does 95% of the time. You need to figure out a way on beating the house. My personal advice is to trade small until you have figured that out. I still don’t rely on Forex trading as a sole income but rather as an additional income.
Quote
Is there any point to get in this trading bussiness unless you have meet the requirements you just mentioned?
Yes and no, You can slog it out by keeping your full-time Job or getting a job and looking at methods to improve your strategy, or go full. Going Full, leads to extra pressure because you know your income is based solely on that, and extra pressure leads to mistakes. It's a tough one, but I would say having an extra income is the best route for you.
Quote
i follow your posts for about 2 years meenwhile i made about $4k in 2020 and lost $25k since
Yes a sad story indeed, and I have been through similar and unfortunately the reality of forex. My path was not to rely on Forex as a sole income. If I trade in relaxed mode, I tend to get it right more, specifically because I become more patient. Trading higher time frames are also better for me, and crucial to trade small.
Unfortunately, I don't have all the answers, but from what I can see is that you need to make life-changing decisions.
I wish you all the best, Bud,
Cheers.
Trade to trade another day
  • #821,987
  • Apr 17, 2024 11:48am Apr 17, 2024 11:48am
Quoting Whatevs
{quote} Shorting near 155 is best. I have one order on the top 154.700. Anything below 155 is fine in my opinion. When price gets near 155 it should be over. Gregory Mannarino is warning that it's a game over if the debt market goes "no bid".

I'm already short and don't want to average up anymore...BOJ are a bunch of punks that know how to run their mouths and nothing else....traders gona lose respect for them and jam this up to 170 close to my black line if they don't intervene very soon to keep their word
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short trump and go long the deepstate
  • #821,988
  • Apr 17, 2024 11:55am Apr 17, 2024 11:55am
nasdaq
waiting to n3

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  • #821,989
  • Apr 17, 2024 12:02pm Apr 17, 2024 12:02pm
Quoting suhas316
GBP/JPY {image}
90++ pips now
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!! Radha Radha !!
  • #821,990
  • Apr 17, 2024 12:04pm Apr 17, 2024 12:04pm
Quoting Wavegarrick
{quote} Fishbones. Thank you for reaching out, Firstly Halbot, Whatevs and Zebi have given great responses. {quote} It does 95% of the time. You need to figure out a way on beating the house. My personal advice is to trade small until you have figured that out. I still don’t rely on Forex trading as a sole income but rather as an additional income. {quote} Yes and no, You can slog it out by keeping your full-time Job or getting a job and looking at methods to improve your strategy, or go full. Going Full, leads to extra pressure because you know...
...and you mocked me for being underwater, karma moves in funny ways sometimes Leon...
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  • #821,991
  • Apr 17, 2024 12:25pm Apr 17, 2024 12:25pm
Quoting suhas316
{quote} 90++ pips now {image}
I expect more than this in the next coming days
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  • #821,992
  • Apr 17, 2024 12:29pm Apr 17, 2024 12:29pm
Quoting Zebi
{quote} I'm already short and don't want to average up anymore...BOJ are a bunch of punks that know how to run their mouths and nothing else....traders gona lose respect for them and jam this up to 170 close to my black line if they don't intervene very soon to keep their word {image}

that's why I'm starting to worry about my shorts and wont average up....cause even the FF dipshits in the comments section laughing at suzuki and ueda everytime they opened their mouths the past month... can you imagine what big trdaers in banks think about them ?

they're losing their credibility so that's why they need to do it...it wont help in the bigger picture cause the dollar will climb back to these levels cause of that yearly chart I posted earlier but they look like FF dipshits for running their mouths for so long

I bet they're trying to find a partner in BOE or ECB and cash in some of that goodwill they have for helping save the pound and euro in sept 2022... feds not gonna help them cause we'll be raising rates soon ....they gona learn they shudnt have helped dumping dollars to save the shitty pound



so get on the phone or send an email to suzuki and ueda to get their heads out of each others ases and do what they threatened before they lose control of the situation....
short trump and go long the deepstate
  • #821,993
  • Edited 12:48pm Apr 17, 2024 12:32pm | Edited 12:48pm
Quoting Zebi
{quote} I'm already short and don't want to average up anymore...BOJ are a bunch of punks that know how to run their mouths and nothing else....traders gona lose respect for them and jam this up to 170 close to my black line if they don't intervene very soon to keep their word {image}
I have a feeling we won't even see 155... we'll see...

What you and Jolita are suggesting is basically EUR/JPY going over 170, GBP/JPY at least 215 and USD/JPY at least 170.

Of course, everything is possible. However, due to these two sell stop hunts that happened both on Monday and Tuesday I think Japan doesn't want to see 155 let alone 160 or 170.
  • #821,994
  • Apr 17, 2024 12:46pm Apr 17, 2024 12:46pm
Quoting Whatevs
{quote} I have a feeling we won't even see 155... we'll see...

the only thing keeping me from closing my shorts is bonzey

you may remember our argument the other day and how I said ill pm him first with my next UJ trade ...i posted my half of the pm before and now I can post his reply

since my colleague thinks its a dumb trade ill keep holding it
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short trump and go long the deepstate
  • #821,995
  • Apr 17, 2024 12:50pm Apr 17, 2024 12:50pm
Quoting Zebi
{quote} the only thing keeping me from closing my shorts is bonzey you may remember our argument the other day and how I said ill pm first with my next UJ trade ...i posted my half of they pm and now I can post his reply since my collegue thinks its a dumb trade ill keep holding it {image}
Shorting USD/JPY should be correct and Buying PMs should also be correct in my opinion because rate cuts are coming. You have Bailey basically suggesting earlier rate cuts when he mentioned he expects significant drop in inflation next month.

Are they rigging the CPI data, so they can start cutting rates because the economy is collapsing in the background? Of course...

Hedge funds massively bearish on JPY (last time this happened in 2007.)? Something is cooking in the background and we know what meal will be served and by whom.
  • #821,996
  • Apr 17, 2024 12:55pm Apr 17, 2024 12:55pm
USD/JPY M15, M30 and H1 are signalling Sell is incoming. It could have been this one we just witnessed now, but we'll see...

Weekly is also very odd.
  • #821,997
  • Apr 17, 2024 1:21pm Apr 17, 2024 1:21pm
Quoting sharingan9
{quote} {image} USDCAD target of daily S1 reached and now we drag stops. Same setup. Clockwork...
Update USDCAD short. Also USDPLN short, literally the same setup at the same time. Also Long CADHKD

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  • #821,998
  • Apr 17, 2024 1:42pm Apr 17, 2024 1:42pm
gbpjpy 0.15 lots tp profit 192.705
  • #821,999
  • Apr 17, 2024 1:54pm Apr 17, 2024 1:54pm
now a 120 pips in gbpnzd trade based on the 4 hr chart 2.08673 is the zone for a bounce and push to the upside tp is there same as gbpcad for a 4 hr zone at 1.70323

its not the amount of trades you trade but the quality
  • #822,000
  • Apr 17, 2024 1:59pm Apr 17, 2024 1:59pm
No trade, no internet or no mobile network today, checking pa to what to do next day, a bottoming range but limit up intact, 2400 handle test yesterday may 2480.extent ok even before bear continue possible, so m may wait for top failure or limit test attempt. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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