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Cable Update (GBPUSD)

  • #857,621
  • Apr 3, 2025 1:38am Apr 3, 2025 1:38am
Sold 1.3110
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #857,622
  • Apr 3, 2025 1:41am Apr 3, 2025 1:41am
This is about panic selling the dollar. Get out at any price. Fiat currencies are going to zero.
  • #857,623
  • Apr 3, 2025 1:46am Apr 3, 2025 1:46am
Quoting BeeTogether
Morning all! Yen pairs are killing it! UJ maybe over sold however it’s near 147 so from a psychological zone perspective I’ve gone long here maybe see a correction toward 148
pending @ 145 , smell a flash crash
chaos is just unknown order
  • #857,624
  • Apr 3, 2025 1:51am Apr 3, 2025 1:51am
I'm out, more than 400pips. Any more trades, and I'll be over trading. So I'm calling it a week. Cheers All
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  • #857,625
  • Apr 3, 2025 1:56am Apr 3, 2025 1:56am
Quoting MrFanciful
So far the pattern seems to be, sell the dollar like crazy in the first few days of the month, then consolidate in a 100-120 pip range for the rest of it.
The rise is not a problem. The issue is the consolidation and rise without hitting pivots, fib, or other areas of interest, so that bears remain frustrated and lose while intending bulls cannot enter at good prices.

It's risk off. However, the very reason for selling the dollar is the same reason it was bought up just few months ago. If Trump announced stoppage of tariffs today, the dollar would get sold even more claiming risk on.
  • #857,626
  • Apr 3, 2025 1:58am Apr 3, 2025 1:58am
Big picture: So long as 1.2100 holds the target is 1.4200 for GU. Now this shouldn't happen in a straight line, should it?.
  • #857,627
  • Apr 3, 2025 1:59am Apr 3, 2025 1:59am
Personally, I would have thought that it would be the Euro that is being dumped at any price, given that it's got about 8 months left.

They are introducing the "Digital Euro" to replace the current Euro as an entirely different currency, not as a digital form of the current one. This way they will be able to print as many current Euro's as they want to pay off their massive Euro denominated debts and start a fresh. It's a way of them being about to get out of bankruptcy without having to declare themselves bankrupt.

Get out of it while you can. All fiat currencies are going to zero.
  • #857,628
  • Apr 3, 2025 2:02am Apr 3, 2025 2:02am
Quoting Mitiblotch
Big picture: So long as 1.2100 holds the target is 1.4200 for GU. Now this shouldn't happen in a straight line, should it?.
Well, $Trump always wanted a weak dollar, so the market is giving him exactly that.
  • #857,629
  • Apr 3, 2025 2:05am Apr 3, 2025 2:05am
Quoting Guy1969
{quote} Well, $Trump always wanted a weak dollar, so the market is giving him exactly that.
The market really doesn't care about Trump. The market is going long for financial reasons. The bear stop losses must taste good.
  • #857,630
  • Apr 3, 2025 2:07am Apr 3, 2025 2:07am
From a fundamental point of view, the last 2 sessions showed that the Yen is starting to re-take it's place as the safe-haven. Gold, after a rush up to 3167 is now nowhere to be seen...telling signs.
  • #857,631
  • Apr 3, 2025 2:07am Apr 3, 2025 2:07am
Quoting Yngwie
Sold 1.3110
add 1.3125
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #857,632
  • Apr 3, 2025 2:08am Apr 3, 2025 2:08am
Quoting MrFanciful
Personally, I would have thought that it would be the Euro that is being dumped at any price, given that it's got about 8 months left. They are introducing the "Digital Euro" to replace the current Euro as an entirely different currency, not as a digital form of the current one. This way they will be able to print as many current Euro's as they want to pay off their massive Euro denominated debts and start a fresh. It's a way of them being about to get out of bankruptcy without having to declare themselves bankrupt. Get out of it while you can....
Same is happening behind the scenes for the dollar. The dollar would get even more dumped because people would panic sell it, as it is the world reserve currency. The dollar will flash crash to zero. That's why I said the market doesn't care about Trump. This year my plan is to sell the dollar and buy Euro. But I thought they'd let price come down a bit but it seems they are in a hurry.
  • #857,633
  • Apr 3, 2025 2:08am Apr 3, 2025 2:08am
G/M, so Trump broke the 1hr/4hr/dly recent range lol! Wow! - already @ 194% of 30day adr and a 1st upside b/o of y/day hi, asian hi now, and y/day - last wk's hi. Mthly R1 and Wkly R3 breached to the upside now, and 76.4% of the total 3434-2100 fall reached. @ current dly hi a prev 1hr/4hr sw hi zone = prev res from Oct'2024 that extends up to 3134. Price has traveled 110% of 13wk awr.

4hr below
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Trader with an Edge.
  • #857,634
  • Apr 3, 2025 2:17am Apr 3, 2025 2:17am
Quoting Mitiblotch
{quote} The market really doesn't care about Trump. The market is going long for financial reasons. The bear stop losses must taste good.
I still hold the view the man has too much impact on the markets. He creates huge uncertainty, sometimes too indecisive, and always unpredictable. I mean, when last have we seen this slaughter? This makes any month-end look like kindergarten. My trading style is 80% fundamentals, the technicals only confirms my directional bias. But to be honest, I am having to factor Trump into more and more of my thinking.
  • #857,635
  • Apr 3, 2025 2:17am Apr 3, 2025 2:17am
Quoting Headland
G/M, so Trump broke the 1hr/4hr/dly recent range lol! Wow! - already @ 194% of 30day adr and a 1st upside b/o of y/day hi, asian hi now, and y/day - last wk's hi. Mthly R1 and Wkly R3 breached to the upside now, and 76.4% of the total 3434-2100 fall reached. @ current dly hi a prev 1hr/4hr sw hi zone = prev res from Oct'2024 that extends up to 3134. Price has traveled 110% of 13wk awr. 4hr below {image}
It is indeed a chaotic time in the financial Market. Trump is doing things here.
Data + Stat + Risk/Emotions Management
  • #857,636
  • Apr 3, 2025 2:24am Apr 3, 2025 2:24am
DXY, this is why I held off on any GU selling.
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  • #857,637
  • Apr 3, 2025 2:27am Apr 3, 2025 2:27am
Quoting Mitiblotch
Big picture: So long as 1.2100 holds the target is 1.4200 for GU. Now this shouldn't happen in a straight line, should it?.
No, it should not.
  • #857,638
  • Apr 3, 2025 2:28am Apr 3, 2025 2:28am
Quoting Guy1969
{quote} I still hold the view the man has too much impact on the markets. He creates huge uncertainty, sometimes too indecisive, and always unpredictable. I mean, when last have we seen this slaughter? This makes any month-end look like kindergarten. My trading style is 80% fundamentals, the technicals only confirms my directional bias. But to be honest, I am having to factor Trump into more and more of my thinking.
You are correct. He has a lot of impact on the market. But I think that's only when it aligns with the market's plan. Before Trump was sworn in it was clear as daylight that USD would be sold off this year hece the dump last year. It's just a cycle. This year GU and EU will be up and up only.

My only worry is where to get in. Because, like you said, Trump can give us a 200 pip dump, but then the direction is still up.
  • #857,639
  • Apr 3, 2025 2:28am Apr 3, 2025 2:28am
...Dly R3 is @/around 3184.

1hr below
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Trader with an Edge.
  • #857,640
  • Apr 3, 2025 2:35am Apr 3, 2025 2:35am
3143 is 78.6% fib retracement of the last down move on the daily. Might yield some pips.
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