Cable Update (GBPUSD)

NINJA STYLE!!!!!!

You like a bit of ninjutsu from time-to-time!!!!!!

This is only a very very DUMB example ( i don't use this technique anymore ,i never trade average values,i trade the extremes values only)
First you want to measure the gain of the MOTHER over a number of ticks or over a certain period let's say last 24 hours.To do it in the right manner you need to extract the gain from all the pairs where is presented as MOTHERxxx but also xxxMOTHER.To extract it from the xxxMOTHER you need to only invert the sign from negative to positive and viceversa example in GBP:

Nr.*******Pair*******Chg%******GBP
------------------------------------------------------------
1******GBP/USD****+0.50%*****+0.50%
2******GBP/NZD****+1.50%*****+1.50%
3******EUR/GBP****+0.25%***** -0.25% //inverted sign
etc,etc,etc...
------------------------------------------------------------
***********GBP gain = (0.5 + 1.5 - 0.25) / 3 (total number of pairs )


In this case last 24 hours GBP gain is +0.58% so in the next 24 hours in any of the GBP pairs we can see a +0.58% gain or as a dumb rule the MOTHER can influence the pair by 58% ,you take only the absolute value(the sign does matter only for direction) ,bigger the number positive or negative = bigger the influence next 24 hours or the given period or tick number etc..
Now you do the same game for all the MOTHERS and finally compare all the resulted MOTHER numbers....then you tray to find patterns logging all the data for a period of time etc...but you already have a good point on choosing how the MOTHER will influence the pair based on this number .Now you only need to find price opportunities converging with MOTHER direction.
PS. In trading nothing is sure but you take the best odds.
It's not Black & White but full of nuances of Gray

Long .. TP 2355

short : 1.23350 --> 1.22980

Boring pa until nfp

GBP is looking for buyers (if any) but much lower.Could lose another 0.5-1% before finding them.

You are a good trader but don't you think you would have avoided this loss if you had waited for the market to make the move first before you react. That way, you would have confirmed the direction before you shoot

The bulls are laying an ambush at 2320: H4 average as well as mid BB/H4. Let's see how the bears handle it when PA gets there. That trip is looking turbulent so far but it is inevitable for GU to take a direction even before NFP

On NFP data i bet on this scenario.Most of the markets will continue their weekly moves USDJPY,CADJPY will make another small leg down, All the US indexes will LOOSE 1-2% ,GBPUSD will find buyers around 1.23000 and will rally to 1.24000++ and THIS SCENARIO WILL INVERT on POWELL speach (GBPUSD will sell,USDJPY will buy ,NASDAQ100 will buy etc).Check this post after POWELL speach and give me a thumb up if you made money today

short gbpusd
target 1.2270-1.2280

In a little bit early but starting to pick up now(possibly?) Euro being bought & EG so GU a laggard, now reversed...
TP @ 2355 but might extend to 2380ish

I think i i kn the plan of the big boys.
They made the pull back yesterday and left a little gap to confuse every body , but they going to keep that for the future.
Little chace the gap will close today after big squeeze drop

Close up
Super close up

A $40.00 draw down(& loss) is chicken feed as far as I'm concerned, but Moty's suffered some whiplash lately and is a bit fragile. Not trying to big note here, just stating fact, if some traders here could see the amounts I'm in draw down sometimes they'd freak, but with an ever increasing ability to trade those draw downs snap back very quickly. In a perfect trading world I'd have little or no draw down...
I know it's not the best strategy sometime but I hate giving my money to the other guy and once you close that trade it's gone....

hey guys, any swings upsides to be sold today. Stop 2413.

Bear flag:

NFP/Powell later today, great day to kill players on both sides. Unless you are ready for big moves both ways, best idea is to stay out
of this market. Moves will be in excess of 150 points.

no much going on today....just testing the extremes...

Prices not able fall with prediction very bad nfp but without good correction bull may be very short lasting so risking few with shorts in eu and gu as natually go below 1.0940 and 2265 respectively to up try if possible.
Usdx not tested the tl even and playing low so far and likely jump up to cover 98.65/69 towards 86 with breakout around 98.55.take extreme care
So nfp reaction can be opposite today, first reaction can be up before sustain down.

Hey Thanx for taking time to give such a expanded answer
This seems a bit like something i was coding last year.
I used Volume & Price change over the last 24 hours and for the last week.

Its great for a current situation, but i found that it can flip very fast.
Which is logical because a larger price movement can flip the percentages fast....

i dug the indi up ...see below.

the first column is the week and the second column for the day.
So if we look at the day values for GBP & USD we see that they are both negative (-5 & -4) which is why price is not moving on GBP/USD.

But this says nothing about the trend ...right?
Its just a snapshot in time ...would you agree?


once again thanx for sharing