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Cable Update (GBPUSD)

  • #822,381
  • Apr 19, 2024 4:47pm Apr 19, 2024 4:47pm
Gu is breaking support after strong rejection from local 61.8 fib
Looks 1.23 area bound to me after consolidating for 4 days earlier in the week before the breakout.
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Compulsions can be hard to resist
  • #822,382
  • Apr 19, 2024 5:06pm Apr 19, 2024 5:06pm
DOW looks bearish potentially towards 35000 area, which if correct, means more $ strength
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Compulsions can be hard to resist
  • #822,383
  • Apr 19, 2024 5:30pm Apr 19, 2024 5:30pm
Quoting Godspromise
{quote} I'm looking to short gbpjpy I'm looking for a strong rejection on the 4 hr resistance or liquidity area.
Quoting Zebi
{quote} daily sure does look top heavy like its rolling over of course we need bonzeys 17 year experience to make the final declaration and then do the opposite
Quoting Godspromise
{quote} yeah those huge rejections and not much buying pressure to break the resistance area im watching if i get a rejection on the 1 hr jumping in
Quoting Zebi
{quote} I wouldn't short off the hourly on a Friday...wait nearer the close for a 4H or daily signal BOJ eating too much sushi and got their brains infected with fish parasites and cant think straight hedge funds got no respect for them anymore that's why they at record yen shorts so it can fall somemore before suzuki and ueda does something I love sushi and sashimi and used to eat the raw shit till I got too scared so now I just eat the California roll since it doesn't have any raw fish
you quoted me in that first post and brot up a 4H chart so I answered that ultimately it might not be a good idea to short on the hourly since its a Friday...i should have said not a good idea to hold over the weekend so I hope you disregarded my warning if you were "scalping" off the hire timecharts and you arent holding GJ shorts now


here's why I say that...I'm gonna start with a series of charts going up in time so bear with me

just remember orange is weekly adr and green is daily

here's the hourly
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short trump and go long the deepstate
  • #822,384
  • Apr 19, 2024 5:35pm Apr 19, 2024 5:35pm
Quoting Zebi
{quote} {quote} {quote} {quote} you quoted me in that first post and brot up a 4H chart so I answered that ultimately it might not be a good idea to short on the hourly since its a Friday...i should have said not a good idea to hold over the weekend so I hope you disregarded my warning if you were "scalping" off the hire timecharts and you arent holding GJ shorts now here's why I say that...I'm gonna start with a series of charts going up in time so bear with me just remember orange is weekly adr and green is daily here's the hourly {image}
here's a 4H chart...it actually gave me a buy signal on 4H
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short trump and go long the deepstate
  • #822,385
  • Apr 19, 2024 5:50pm Apr 19, 2024 5:50pm
so anyways thats my analysis of GJ and thanks for pointing it out...i rarely trade crosses but ill do this one ...hope others can chime in with their analysis of the pair

the daily looks to be bouncing between weekly adr lines
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short trump and go long the deepstate
  • #822,386
  • Apr 19, 2024 6:05pm Apr 19, 2024 6:05pm
the reason i went long GU with limit orders at last night missle lows was because the dollar was signalling a sell and that's what I got on daily and weekly dollar chart
Quoting Zebi
i put GU buy stops at 2395 and 2387 ill cancel if they don't get hit next couple hours edit: meant buy limits
this will be a retrace like I was saying before in this post so GBP is still a shit currency but will go up for the time being cause dollar will be retracing
Quoting Zebi
as you can see from my long running dollar analysis chart the dollar has entered a resistance zone and will fall to that black line to test it now as support..that's a strong level just because of the breakdown last november it will keep going up to 117ish in bidens second term.... i think I have a bet with superman that biden will win if the dollar keeps going up till the election...how much was it for superman?...think it was a 20 dollar gift card wasn't it but anyways if those stupid ass BOJ dickheads had any brains they would use the...
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short trump and go long the deepstate
  • #822,387
  • Edited 6:59pm Apr 19, 2024 6:27pm | Edited 6:59pm
heres a zoomed in chart of what the dollar did yesterday during the missle attack

don't get swayed by dipshits on this website gentlemen ...i read the news comments for laughs...its good therapy when bonzey isn't here and I cant laugh at him ..you all shud try it

so don't be fooled that shit currencies are gonna fall because the dollar is taking a well deserved rest and retrace back to 105ish for its climb back to 117 when Clinton was president

that's why I said last night the attack was BS in real time in this post
https://www.forexfactory.com/news/12...e#post14836563

follow the dollar and learn TA from edwards and magee gentlemen cause I wont be around here forever and then you'll have bonzey and coreg filling your heads with crap again LOL
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short trump and go long the deepstate
  • #822,388
  • Apr 19, 2024 6:39pm Apr 19, 2024 6:39pm
Quoting Zebi
{quote} here you go... after whatev posted a tweet the other day it took me awhile to stop laughing BOJ consulting with Korea {quote} and after that I read news reports from multiple organizations like these to get a clearer picture of who is gona join the coalition for intervention cause japan cant do it alone...it took them 3 tries back in 2022 when everybody else was dumping dollars too to save their own asses the dollar chart is bullish and ueda gona keep talking out of his ass so maybe it will get near 160 now like in the yearly...
I don't doubt your ability to read the news. Have a good weekend
Emotional Control. Process, not outcome.
  • #822,389
  • Edited 7:14pm Apr 19, 2024 6:57pm | Edited 7:14pm
Quoting Konichiwhaat
...To find out (to myself) I will not post any entries here this week, but I will be trading. Lets see if it makes a difference. And if it does, I'm sure its not related in anyway what so ever First TP hit. Second position to BE and will trail as always. Have a great week everyone. Take losses in your stride. Believe in what you do - forget what others think {image} {image}
Busy week taming the range. 16 trades, 6 small losers, 9 larger winners (always fishing for that big move) and 1 break even. A nice profitable week and a confirmation that I shall no longer call trades here... maybe I became superstitious? Have a good weekend
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Emotional Control. Process, not outcome.
  • #822,390
  • Apr 19, 2024 8:47pm Apr 19, 2024 8:47pm
The BOJ will certainly care about the jpy.
They are just waiting.
Maybe they will don’t even need to touch anything, considered a possible escalation soon to happen in Middle East.

I know, it’s not simple to short Cable after a 400pips move down.
And it’s not simple to buy the UJ after such a steep rise.

if it was simple, the 95% of traders would be in profits and there would be only a 5% stubbornly losing
90% of traders use TA, indicators and prediction
  • #822,391
  • Apr 19, 2024 8:55pm Apr 19, 2024 8:55pm
For what I see, in cable there is a strong pressure down.
i don’t know where this is gonna slow down but atm looks like we go further 300/400 pips down at least.

its about perception, and could be wrong,
No high - new low - no high - new low.

now breakout also the 4h/ daily lower channel.

at this point, the steepness of the move could even increase and be in no buy mode for the whole next week.
maybe, a daily closing back bullish into 1.24 could be a trigger to stop this
90% of traders use TA, indicators and prediction
  • #822,392
  • Apr 19, 2024 8:58pm Apr 19, 2024 8:58pm
Quoting _BBKing_
{image} came around to post this. I don’t remember when, but I’ve already seen a similar setup and price kept falling. Before end of the day, price tanked 150pips straight. Maybe not today same scenario. But be careful. market does not like the actual tensions. It’s clearly on charts.
Depending on the open, GU looks like a straight up sell on Monday.
Compulsions can be hard to resist
  • #822,393
  • Apr 19, 2024 10:37pm Apr 19, 2024 10:37pm
Quoting suhas316
GBP/USD 4H {image}
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!! Radha Radha !!
  • #822,394
  • Apr 19, 2024 10:57pm Apr 19, 2024 10:57pm
Quoting Fardeen1209
Anyone buying indexes for corrective wave B. Amid the risk off, and Iran has no plan to response to morning attack yet, less rate cut. The only 2 thing left to support equities are upcoming earnings and Is QT slowdown still a thing? Bear have no sign of stopping.
Nas100
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More time in the market, does not mean you trade better!
  • #822,395
  • Apr 20, 2024 12:25am Apr 20, 2024 12:25am
Quoting Zebi
i take a day off from posting and all hell breaks loose in the world lol I'm out of my UJ trade at breakeven... when UJ dropped below my average of 153.88 I placed a sl and price reversed since the BOJ don't have any balls cause last night was perfect for them to intervene and dump the dollar and it could have fallen another 500 pips if they did it LOL this is the only post I made and was in the comments section to prove I was here and trading... i wont say what else I did since I didn't post stuff so I wont be one of those braggerts that show up...
Thank God you're back Zeb, we were lost without your wisdom and sage advice.
  • #822,396
  • Apr 20, 2024 1:08am Apr 20, 2024 1:08am
I still keep the SHORT positions @ 1.25171
even when it went up and down for a week very close to 1.25 , I didn't close it.
think it might approach more to the south.
small positions to make my coffee money and no pressure
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  • #822,397
  • Apr 20, 2024 3:08am Apr 20, 2024 3:08am
Quoting fontu
So 2400 handle fall, bear breakOut 2nd h4 caNdle running, 3 rd may range before decision. Price playing around old sr 2373 ., better continue down 2365 as h4 close have enough time, so next sr may 2336. Take care {image}
so same as before , looking for further down immediate sr 2345/36 , next 2270 and 2209! . range down possible
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #822,398
  • Apr 20, 2024 3:23am Apr 20, 2024 3:23am
Intervention produces somewhere between 500 - 550 pips. During intervention however, price did seem to retrace somewhere between 250 - 350 pips only to be pushed down again after retracement ends. Then, the price literally retraces all of the intervention almost. So, the one who is brave would take 350 pips, go long and take retracement and then go Short again until the intervention concludes and go Long again until price gives a sign that another drop is coming.
  • #822,399
  • Apr 20, 2024 3:59am Apr 20, 2024 3:59am
I doubt the boj, Japan gov and their corporations want strong yen.
  • #822,400
  • Apr 20, 2024 4:02am Apr 20, 2024 4:02am
Quoting Zebi
{quote} here's a 4H chart...it actually gave me a buy signal on 4H {image}
don't you think it will continue bleeding until 190.773 on the one hour then follow the usdjpy to 4 hr highs? That's what I am getting looking at the charts also nzdjpy is just coming out of the 4 hr zone as well I think it will continue bleeding in the Sunday asian session then correct to test the 4 hr resistance
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