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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked13th to 17th March it will likely be either of these two prices 1.2196 versus 1.1723... ✓1.2196 minus 350 = 1.1846 ✓1.1723 plus 350 = 1.2073 *Below 1.1846 invalidates 1.2196 *Above 1.2073 invalidates 1.1723 1.1960 is the average price and the most likely price to be touched. Expected Range for this coming week is 350 pips. A research excerpt with no obligation to follow.Ignored
Disliked13th to 17th March it will likely be either of these two prices 1.2196 versus 1.1723... ✓1.2196 minus 350 = 1.1846 ✓1.1723 plus 350 = 1.2073 *Below 1.1846 invalidates 1.2196 *Above 1.2073 invalidates 1.1723 1.1960 is the average price and the most likely price to be touched. Expected Range for this coming week is 350 pips. A research excerpt with no obligation to follow.Ignored
Disliked{quote} We nearly have a confluence, 1.1965 is my defence line for a push to 1.2155-1.22 area. Well done for the research, Baba. JereMi.Ignored
Disliked{quote} Yes mate, totally agree with that 1.1965 being a defense line for a push towards 1.2155 - 1.22 area... On the second thought, if you check the weekly candle this year, you will see a case of lower highs and lower lows. Which is to an extent tilting towards a bearish move to 1.16 axis. On the third note, this March is the last month of the first quarter and each quarter usually averages 700 - 850 pips range, so far we are just 645 pips range which means there is still 55 to 200 more pips to equate the average expected range for a quarter...Ignored
Disliked{quote}You have no point, stop trying to act smart, your a losing retail trader who spends all day saying what can happen. Yes you can be right in a binary outcome 50% of the time!Ignored
DislikedI want to take back my 120 pips loss of last week, which necessitated this research work on GBPUSD.. I feel it may be useful to traders here. As always, no obligation to follow. Last 10 Months first 13 trade days range ✓485 pips ✓595 pips ✓395 pips ✓918 pips* ✓570 pips* ✓387 pips ✓290 pips ✓421 pips ✓686 pips ✓480 pips ✓200 pips ✓437 pips Most Repeated and expected: 395 - 480 pips Simulations for 13 - 17th March ✓1.2113 - 395 pips = 1.1718 ✓1.1801 +...Ignored
Disliked{quote} Thank you for sharing your research George! That effort is a real service to this forum. I'd be interested in knowing the same data of the first three months of each year. We're only three weeks away from finishing the first quarter of the year. What is the average range of first quarters and what would be the anticipated high and low this quarter?Ignored
Disliked{quote} Thanks for the positive feedback... As I stated in the post that a quarter usually has average of 700 to 850 pips range, so the above simulation is for this current quarter (January to March) the possible high and low cannot be clearly known but simulations can be made once 60% of the expected range of a quarter has already happened. Though some quarters have much bigger ranges in cases of unusual fundamentals. As for this current quarter, it is pointing at either 1.26 or 1.16 to happen and we have just 3 weeks left. Next quarter starts...Ignored
Disliked{quote} I am sicking to this, some will call guessing. .{image}{image}Ignored
Disliked...Disliked{quote} Yes, I don't use any indicators for SR lines. Actually if we see price action, price reversal areas are figured differently for Bullish or Bearish moves. What I have figured and got successful is that...Price always range in some defined range...After fundamentals change (like Interest Rate...CPI...Employment Data...Officials Talks) that range is broken and new range is created... and Price again gets in new range until new fundamental change. Please see in the picture (I trade EURUSD)...vertical lines are drawn atIgnoredIgnored
DislikedHello all 🙂🍀 Activate selling mode 2030 till 1.17001.1650 will add more if go highera, medium term trade 🍀Ignored
Disliked{quote}{quote} Many thanks for your answer in detail. Looks like you've learned good stuff from all three brilliant tradersv and combined a good strategy together. I wish you the biggest trading success. Drawing lines from monthly, weekly time frames is a good inside where the price will be rejected or moved into the next box. I've learned this form one trader tutorial I follow. Daily chart broke down, retested, broke up, and returned back. To me direction is still bearish as daily 1.2140 was not breached. Weekly - 1.2270 Monthly -1.24 {image} Thanks...Ignored
Disliked{quote} Like previous posts of mine Im added higher 2100 some positions, some closed, some floating at plus, shity 2030 till 2050 closed with small profit, targets still ramain till we dont break 2110, happy trading week for everyone🍀🫶Ignored
Disliked{quote}{quote} Many thanks for your answer in detail. Looks like you've learned good stuff from all three brilliant tradersv and combined a good strategy together. I wish you the biggest trading success. Drawing lines from monthly, weekly time frames is a good inside where the price will be rejected or moved into the next box. I've learned this form one trader tutorial I follow. Daily chart broke down, retested, broke up, and returned back. To me direction is still bearish as daily 1.2140 was not breached. Weekly - 1.2270 Monthly -1.24 {image} Thanks...Ignored