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Cable Update - Continued 61 replies

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Cable Update (GBPUSD)

Quoting DrDave
{quote} None of the TFs from M1-MN are bullish. Even M1 has just made a 3-bar swing low and nothing more.
There is a strong reaction point on weekly
@ 1.22184
In my opinion ofcours
in wondering about yourself, you forgot what you came here to be part of
Quoting DrDave
{quote} None of the TFs from M1-MN are bullish. Even M1 has just made a 3-bar swing low and nothing more.
Anything which goes down..has to go up.

This is theory.

Who would have expected Euro to go up from 0.9519 all the way upto 1.1039 ...

And who knew the drop is over at 0.9519 ?

Chart posted
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Intraday only.
It all depends what one wants ?

If I need 20 pips, i must have proper 1/5 min system

If i need 30/40 pips, I need to have proper 15/30/60 min system

If I need more, I need to have 1hr/4hr, daily systems.

And the pullback starts at 1 min chart.

Remember that
Intraday only.
Quoting navk
{quote} Anything which goes down..has to go up. This is theory. Who would have expected Euro to go up from 0.9519 all the way upto 1.1039 ... And who knew the drop is over at 0.9519 ? Chart posted {image}
For adherents to a chaos model of the markets, there are no expectations for where price will stop. Only limits that are highly unlikely to be breached at a specified scaling ("zoom") factor. And the high of 1.1039 starting from the low of 0.9519 is no more expected than any other price that is above that low. Likewise, the low of 0.9519 could not be known that it is THE low at a specified scaling factor until sometime after it was posted.

This is why playing "follow the leader" and waiting for a retracement to "prove the move" is a better route to stable returns with minor equity curve fluctuations than "guessing" that a swing point has been reached.

In addition, it is impossible to know WHEN the "going down" has stopped and the "going up" starts. It is only known after it is observable that the move up has retraced to a higher low that the earlier low was indeed when the "going up" started.
To free Gazans of Hamas, flatten it--if that is what it takes.
Quoting navk
It all depends what one wants ? If I need 20 pips, i must have proper 1/5 min system If i need 30/40 pips, I need to have proper 15/30/60 min system If I need more, I need to have 1hr/4hr, daily systems. And the pullback starts at 1 min chart. Remember that
And adding to that, remember that there is a scaling factor involved. So the amount of capital needed to survive a retracement must be scaled up as the TF of interest goes up.
To free Gazans of Hamas, flatten it--if that is what it takes.
SP500

Critical Support @ ~4235.

If this Support doesn't hold this month or in October, we have a confirmed start of recession according to the system.

It's been quite lately... we'll see..
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Quoting DrDave
{quote} For adherents to a chaos model of the markets, there are no expectations for where price will stop. Only limits that are highly unlikely to be breached at a specified scaling ("zoom") factor. And the high of 1.1039 starting from the low of 0.9519 is no more expected than any other price that is above that low. Likewise, the low of 0.9519 could not be known that it is THE low at a specified scaling factor until sometime after it was posted. This is why playing "follow the leader" and waiting for a retracement to "prove the move" is a better...
Agree with you.

Being a retail trader, I can not be expecting a 1000 pip move, nether my emotions will allow.

The best expectations i have is :

1:2
1:4
Sometimes 1 : 6
Intraday only.
A few days ago, I did get 1: 8 and that is the time, I passed ph1 in a single shot.

Usually, If i expect more than 1 : 4, the price comes back to me... not only that..it takes my stop .

Intraday only.
Quoting navk
A few days ago, I did get 1: 8 and that is the time, I passed ph1 in a single shot. Usually, If i expect more than 1 : 4, the price comes back to me... not only that..it takes my stop .
could you please share the grid on your charts
without patience how can you be a trader?
Quoting AlfieSolomon
{quote} what are those red blue and green lines?
is the impulse wave lines on a large degree
Legendary Bill & Larry ~
Quoting imwim
{quote} Do you have a link to this Advanced RSI Tradingview indicator ?
Just write rsi advanced
And chose the the first option
Take the signals with the trend
Quoting Bones
Another shaven close, this time I would say it adds weight to the pattern outright, either way, it is totally in line with monthly which is 427 pips down from open, every step down adds to the monthly direction {image} {image}
looks pattern indicator weekly tf ignoring my levels of concern arounds 1600 , 1300 , even your level 1200 to target 0382!!! may too crazy fall after 1802 2nd confirmation !! lets see

daily tf target 1375 ok though !
h4 and low tf showing a bounce to 2328 , if, then over 2330 , logically then 2350 . not include in my analysis yet , as all as per higher tf! so to carefully at market open if !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
How can you folks trade during the weekend?
Anyone else bought Yen?
Quoting Waveskierrob
{quote} been SHORT for months 1.1945 is my break even on that particular trade...
...final furlong 300 pips to go ....go on me babie....
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Soon To Be Temporarily Suspended Again
Quoting TheWraith
How can you folks trade during the weekend?
weekend rates wouldn't advise it, massive spreads ...
Soon To Be Temporarily Suspended Again
Quoting TheWraith
How can you folks trade during the weekend?
Only special folks can
Trade what you see not what you think.
Quoting TheWraith
How can you folks trade during the weekend?
If you really have the desire to trade weekend use Betfair and trade sports prices...
Soon To Be Temporarily Suspended Again
Quoting TheWraith
How can you folks trade during the weekend?
very carefully
in wondering about yourself, you forgot what you came here to be part of
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