GBPUSD

[fibo_trader]

Poor fellas, they don't see the cliff with a sheer vertical drop coming. Could be at 1.33 but who wants to go to the edge of the cliff and take a chance on somebody pushing you over?

Go to the Sept 3 low and count the waves up. See that we are in a 5th wave up? What comes after 5 waves up? A solid retracement correction to 38-62%. Those who cannot count from 1 to 5 usually die ignominious deaths - over and over again. I have seen it and seen the funeral processions. There is no excuse for anybody ignoring the warning from heaven, namely the triangle. There is no sight worse than a trader taking it where the sun don't shine for not being able to count from 1 - 5. There is no prosthetic for an amputated spirit

Alert about the triangle being given again to the nice LaLas of LaLaLand.

(Side-show on GBP 1H is rounding top with trend violation in RSI's lower low lower high. This could be circumvented but my basis is all stocks and currencies and commodities are suspect until proven otherwise)


View attachment 271678

see quote for this ........... "See that we are in a 5th wave up and the triangle mentioned?"

How friggin dumb is that to stick one's neck out in calling something anything to do with 5 waves at a place called T2W? Dumb, dumb, dumb. So if wrong, the ridicule will pour in. Hahahaha. Let it come.

See my chart with the clear 5 waves shown on Daily. I didn't know yesterday where the 5th wave would end. Can't say I do today either. But I go by odds and yesterday was a Fibo at 1.33 and today there is one at 1.3537

 

[fibo_trader]

So if I am right and GBP corrects where could she go? Down to 1.2917 or 1.2733 or 1.2549

All are strong tragets but my best guess would be 1.2549. Now mind you, all this conjecture is way before the move down has even gotten started. I like to think ahead

Correction target are shown in the grey rectangle with the most likely one being the low border of he rectangle

 

[fibo_trader]

The motto of a TRADER who always wants to get better? When it comes, take the big swing even if DEATH is staring you in the face and stalking you.

 

[konstantinresto]

perfect performance

The ability to calculate the time interval

Determining the time interval - building a price model subtitles - #2 difficulty watching videos from 9 minutes

www.trade2win.com

 

[fibo_trader]

Closed LONG remainder at 1.3494 = now Flat GBP, no Short considered yet. Just flat

New definition of "prescience" is available in the dictionary as of today. It has my picture in it and the 1.3494 GBP exit. Applies only to hourly timeframe, not Daily.

Just messing with your guys. You cannot imagine how success riles up the Brit gang here. They have me on Ignore but can't help peeking everyday.

 

[fibo_trader]

A much bigger and more serious Fibo resistance level sits at 1.3537. Don't want to get too close to that H-bomb. Can always be wrong in my estimations but early exit is not a big deal.

Slam Dunk!! GBP smelled the 1.3537 and bolted south on 1H. Therefore the 1.3537 is now confirmed as solid resistance that GBP will try to take out if she wants to go higher.

 

[fibo_trader]

See earlier post for mention of the 200-wk ema. Well, we are already there as of today and closed above it. But remember I said that GBP respects this level bigtime. so therefore I am out with the remainder of my Long postion and closed out all Longs. ALL, every single mother's son of a LONG is closed

Slam Dunk! (Just messing with the Brits again)


See my mention of the 200-week ema and that GBP always respects it? Well look at the weekly chart and see the long wick developing. That just shows the bulls bears conflict that its a major resistance. When/if overcome this week, that wick will diminish, otherwise its stays put and gives us a juicy candle with long wick for the Candlesticks specialists to ooh and aah about.

 

[fibo_trader]

Dig this ......... GBP cuddling and caressing my trendline on the 5-min. timeframe correction. Remember the massive candle of the last 24 hrs? GBP is just a tad above a ultra-common 50% retracement. And is attempting to hammer the trendline real good. That sideways stuff could be a mini 4th wave triangle.

Chart is self-explanatory = eeeeezeeeee = obvious what to do if there is a breakout, but don't forget the 200-pd ema is right above and GBP respects all 200-emas regardess the TF.

Let your soul and spirits fly into the mystic

 

[gka]

Slam Dunk!! GBP smelled the 1.3537 and bolted south on 1H. Therefore the 1.3537 is now confirmed as solid resistance that GBP will try to take out if she wants to go higher.

VRM has the weekly H8 level as 1.3532 for GBPUSD. See VRM chart below for today. Fibonacci out by 5 basis points ?

 

[fibo_trader]

VRM has the weekly H8 level as 1.3532 for GBPUSD. See VRM chart below for today. Fibonacci out by 5 basis points ?

View attachment 271774

Thanks amigo, good stuff

 

[fibo_trader]

To Hell with 'em, they're all asleep. Who am I talking about? The brokers and Goldman Sachs and BofA and JP Morgan.

Not a single cat has noticed the stealth move on GBP monthly TF. Now listen up, this is not the 2-min. TF, we are talking the mother of all TFs, the monthly, yeah that one, the one with such sheer dynamic power that it can send a WAVE to Rogue status in a friggin heartbeat.

So wtf does that have to do with GBP? GBP is breaking out on the monthly bar and verified by a stealth breakout on Macd and RSI. Could be a false breakout? Hey hey hey, a trap? I don't think so but its not up to me. Life or Death, I'm here for either one.


The Fibo's GBP party rages on if the Monthly breakout continues ........................... oh my oh my oh my what a treat that will be

 

[fibo_trader]

See my thread for chronological GBP trades

Bear Market almost ready to resume ....... March 12, 2019 posted at ET

Expecting a major BEAR market ............................ SPY short entry 279.2 today, March 12, 2019 Multiple short entries thereafter 2,000 more shares added short last week 293.42 All positions still open Big losses ongoing. Haven't changed a thing.

www.trade2win.com

see post # 1034 first. Why? Because as far back as October 10th, I mentioned the targets for GBP .... in blue below ......

"GBPUSD weeping and gnashing of teeth by Brits all over the place at T2w and London and almost everywhere. there seems to be just nothing that will provide some respite to this currency
Fibo states get ready for rally to the vicinity of 1.4562 - 1.5284 or 1.6137"


So dig this muchachos and muchachas, my target for GBP is not only 1.4562 as already mentioned in this thread, but she can go higher to 1.5284 and/or 1.6137.

 

[fibo_trader]

GBP: some trivia

during the continuous drop in GBP this year, relentless drop, there was not a single fella here at T2W or in London or anywhere in the Forex world that was even considering a breather for GBP. Everywhere there was just "GBP sucks" (the name of a thread here at T2W). There was other negative stuff too like "GBP is going to become toilet paper"

Fibo was licking his chops while all this negative news was pouring in. You see I was milking the short and telling everyone to just stay short while I watched for a bottom so we could TP the short and reverse and go LONG. The public news got so bad that I even read somewhere that GBP could just plunge out of circulation. This is the type of stuff I like to hear when I'm ready to call a significant bottom. FIBO against the crowd = Fibo always wins except with SPY call (bad call)

When I made the call on August 22nd, I remember the song to GBP, "when will you say you'll be mine; when will you say Yes to me, tell me cuando cuando cuando?" On Sept 3 she said YES to Fibo, cott her on the 4H TF.

 

[fibo_trader]

for the enjoyment of the rare one or two who are bored with the view of just a leaf and want to see the whole forest for at least once this lifetime before they die


GBP history from 1920 to the top in 1934 when Britain started becoming a rotter, a bum, an outcast, a reprobate. How much longer will this last? See the wave numbers from Wave 1 to Wave 5. We are in a 5th and final wave down. The thing about 5th waves in currencies and commodities however is that they are brutally long because they are almost always extended. Expected FIBO target for the next major station where refreshments will be served is

0.9248


Now we could go lower still to the final level but that will be discussed after we hit the above target, not before.

 

[fibo_trader]

GBPUSD:

Slam Dunk! (Just messing with the Brits again)


See my mention of the 200-week ema and that GBP always respects it? Well look at the weekly chart and see the long wick developing. That just shows the bulls bears conflict that its a major resistance. When/if overcome this week, that wick will diminish, otherwise its stays put and gives us a juicy candle with long wick for the Candlesticks specialists to ooh and aah about.

Slam Dunk!


Can you dig it now? Dig what? That GBP kneels before her 200-pd average? Can you dig it? See weekly and then see daily. Daily has the longer wick. Here's the thing though: this wick, though huge is not really a mind blower for me because to be a curse it would have to generate a small body, but it does not. so no biggie really, just a trading phenomenon for taking profits confirmation when a simultaneous Fibo target gets hit.

Do you see the massive daily candle drop from the fibo target I mentioned? Yeah, dig it baby. Why of course at the Fibo standard trendline from BASIC TA 101 = a foreign language at T2W. Its sheer poetry hanging out with estupidos gambling to escape the rat race of stupid job but do not want to do the work required to gain excellence - excellence being a sliding scale, one never gets to 100% even after 100 lifetimes.

 

[fibo_trader]

GBPUSD:

Sorry amigos, cannae go down to the 1-minute chart as it belongs in the domain of premature ejaculators, which I am NOT. I'm a daily TF guy, each move gets maximum thrill and lasts along time. However, just to see the hullablaoo that the premature ejacaulators are experiencing, I decided recently to invoke the 5-minute TF just to have a look. I don't go below the 1H but hey, can't turn down the education at Deadbeat Central

The fibo can apply hisssself to any TF and nail it within 4 weeks. But this is too low for me - I'm a lover not a trader and no woman like this sort of fella who hammers 200 times a week and gives her zip. Bad Karma.


Trading is like finding the Philosopher's Stone. Dig it amigos. Ain't nothing better!

 

[fibo_trader]

GBPUSD 5-min. Custard Pudding:

50% retracement level mentioned in earlier post has been hammered and also the 61.8%. And now dig this - for today GBP arrived at the final station where there is a gas station and refreshments are served, namely the 88.3% retracement level. If she don't rally from here, she will take out the entire last wave on the 5-min. timeframe. Can you dig the meaning of this? Look at T2W and note the oooooohs and aahs after the last big bar jump in GBP. This means that all the stupid folk jumped on board and got hammered. See Nowler's post tail end, "Go GBP" He got nailed and so did everyone else. This is what markets do. They sucker in the stupid and kill 'em all in one shot. And there is an overabundance of stupid people, a sheer plethora of estupidos.

Therefore the Downwave continues unabated. I see no reversal just yet on the 5-min. TF. Short should therefore continue on 5-min. only - NOT ON DAILY WHICH IS STILL LONG


The great TEASER by Byron Lee from Trinidad and Tobago - knocked Fibo to his ass in 10 seconds flat, had to visit and check out the girl in green at 1:51. Turned me down flat, married chick so lost out 100%.

 

[fibo_trader]

GBPUSD 5-min. TF:

See chart: a confluence of support - you have the daily timeframe trendline passing through, and other Fibo levels including the 88.3% mentioned above. If she can't rally from here, she's a dead duck. If so, I will have to review and redraw the grids to se where next?

But here's the thing: the BASING POINT (bp) is shown with a question mark because its not yet developed and completed. Therefore my STOP is soooooo far higher up at the previous Basing point that even Goldman sachs cannot find it, hahahahahah = way I like it. They just cannot shake me out of my position. But this luxury can cost me in terms of profit amount because if I don't get a new bp soon and the market rallies, I will give back a lot of short profit. Sucks, but hey, its always generally been good to me by giving me a bp

So, to work out a good compromise, I draw the trendline shown. Take that out and I cash out the short.

 

[fibo_trader]

GBPUSD:

Its not only about trading, its also about living in the real world buying property and cars and whatnot in a foreign country based on strength on one's own home currency. Mine is the dollar, I earn in dollars so when I switch to Thai BAht I want 50 instead of 30 to the dollar. Makes sense right?

GBP is not my home currency but this was to help Rosa, a restaurtant owner in London who was on the verge of going out of business. She is from Chiangmai, Northern thailand. Fibo could not tolerate this happening to her. Had to save her.

the folly of T2W - stupidty rampant and protected with a vengeance. If I was in charge, I'd send them all to Iraq and burn the place down and start from scratch. See the folly in the thread below - Brits here never learn: they are always on the wrong side of the trend AT MAJOR & INTERMEDIATE TURNING POINTS - and never see the turn coming because of their inherent disease = extrapolate an extant trend to infinity = cannot turn on a dime and reverse

See thread for my posts and then dig why GOD helps me = see Rosa, the Thailand restaurant owner in London who was getting screwed because of the weak GBP verusus Thailand Baht making it very expensive for her to import thai spices for her restaurant in London from Bangkok.

I called her and told her to relax, the turn was coming - at leaast for a short time she would have a reprieve. She got the reprieve as promised and is thrilled. Just another day at the office for Fibo. Sheesh! all those Brits living in Paradise and then ditching Paradise to go back to shitty Blighty because the Pound was so weak against the Baht. I told these clowns to STAY STAY STAY, the tun was coming ......... and they would regret leaving.

GBP -It Sucks

Man gbp is so weak, when will we ever see any strength. im thinking the new PM coming in may swing it either way depending who comes in

www.trade2win.com

 

[fibo_trader]

GBP-THB ...................... how Fibo called it correctly for Rosa in London, a thai restaurant owner getting clobbered by the weak GBP-THB. the turn came-d as called

See charts in the thread posted earlier and then this latest update. Nailed it, baby.

GBPTHB=X Interactive Stock Chart | GBP/THB Stock - Yahoo Finance

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