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Cable Update (GBPUSD)

  • #531,541
  • Jun 27, 2020 8:06am Jun 27, 2020 8:06am
gu gave me 80 points on the scalper that day ... if the uk 100 index fills the bearish gap ... the pound pairs will still fall. and even make a new bass maybe still...
this will be a mess ... some indices are closer, others are farther to fill the gap below.
  • #531,542
  • Jun 27, 2020 8:30am Jun 27, 2020 8:30am
Some near-term upside analysis:

Friday's/weekly lo (2314) was at the 76.4% of the 2160-2813 move up...and a new trend line can be drawn from the 2072 swing lo to that on 4hr as 2314 is now a fractal swing on 4hr but not yet on daily. Looking upside from that and the 'main' fibs can be plotted from the 2813, 2687 and 2543 hi's to the current 2314 lo...these are shown on 4hr chart below.....1hr provides the steepest desc t/lines and the 1st real upside obstacle is friday's pullback hi off the lo which is now a fractal swing on 1hr/2hr.....above there and other obstacles await as shown on both 1hr and 4hr below.

Scunthorpe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 49 KB
Click to Enlarge Name: Image2.png Size: 46 KB
Trader with an Edge.
  • #531,543
  • Jun 27, 2020 8:40am Jun 27, 2020 8:40am
Quoting Kaysole
{quote} Hi Georginson, I've enjoyed reading your analyses as it views the market from a different perspective. If money can be made from that "angle", it remains to be seen, however. The reason for my post is the quote you mentioned above. I'm only saying this because I wouldn't like people to get misled. You claimed that from the month of May, your calls have been accurate. If my memory serves me right, from the beginning of June, when gpb/usd was around 1.24, you started calling short because of various reasons (e.g. opening price, ranges, statistics,...
First and foremost I'm a swing trader and 300 - 400 pips move takes only 12-16% of my equity and whichever position I place my entry I'm also better placed for recovery... For instance in June, I had my first sell at 1.2435 and price first went to 1.2530, which I placed another sell at 95 pips higher than the first entry, when price retraced to 1.2445 level, I closed the first entry at - 10 pips while the first entry was still in gain.

The second entry being at 1.2535 (now became the first entry) relinquished all its gain and even went negative 195 pips when price surged further to 1.2730, I placed a second sell at 1.2710 level all with a target of 1.2500 and then 1.2310 in mind...

On the 10th of June, price was trading at 1.2770/1.2800 region and I gave a final call that price cannot go beyond 1.2830 level which eventually stopped at 1.2812 level. I did advise those that never had a sell position to sell and stop buying citing June 2013 as a classic example of how price surged by 540 pips before reversing the whole 540 pips and even crashed 40 pips below the opening price for that month... At that time I had my sell positions still at 1.2535 and 1.2710...that same fomc week, the price dropped from 1.2812 to 1.2473 and I closed my sell at 1.2535 in +50 pips and still left my other sell from 1.2710 for a target of 1.2310, which I eventually closed two weeks ago at 1.2350 level...

My swing entries especially if traded at the beginning of the month can suffer 250 pips negative before recovery, while I depend on entry 2 and 3 at other levels to eke out profit in the medium run.

The bottom line is if you wait for the weekly or monthly range to space by at least 205/230 pips before entry, your risk exposure will be very minimal and your reward potential will be consistent.

I will requote my posts from June 7-18 to Butress my point. So swing traders are usually unmoved by 80-250 pips draw down as better levels can still be taken in the same direction and at distant prices.
Data + Stat + Risk/Emotions Management
  • #531,544
  • Jun 27, 2020 8:42am Jun 27, 2020 8:42am
Quoting de5151
{quote} Georginson, You should start a thread on ranges as it is a fascinating subject and all your info would be easily found in one place. Thanks for sharing all your work on this!
I will start a thread with Roszey this early July., hope to see you there.
Data + Stat + Risk/Emotions Management
  • #531,545
  • Jun 27, 2020 8:48am Jun 27, 2020 8:48am
Quoting Georginson
{quote} I already have shorts at 1.25 and this current 1.27 level, no need to add more short for me but if anyone doesn't have any short at the moment, the risk reward is in favour to take a short at this current 1.2770 level for a first target of 1.2500 (as Navk pointed out) and second target of 1.2300 monthly open.
Hello Kaysole, here is my post from June 10 to Burress my point above.... This was response I gave to kuroro back then.
Data + Stat + Risk/Emotions Management
  • #531,546
  • Jun 27, 2020 8:54am Jun 27, 2020 8:54am
Quoting Not-KPMG
{quote} Naaaaaa Ask Onlinus His bull started at 1.32. . Never ended When 1.45 {image}
People should unite because in 1 or 2 years the forex will be much more difficult than today, economies have not even reacted to interest rates yet, when the moves start you will see the strength of gbp that even I am curious to see this movement... is closer than far...

for thief banks, the cheaper the better..
  • #531,547
  • Jun 27, 2020 9:05am Jun 27, 2020 9:05am
Notwithstanding all I have posted here I think making a trading call howsoever derived and posting it here is a brave thing to do because you open yourself up to ridicule if it doesn't play out - like we all haven't had a bad trade or that anyone can be judged on one call ! Whatever, I don't mind sharing analysis and traders reading it will take whatever they want from it including ignoring it but if I were making trading calls - I'd be charging money for them as the justifiable reward for sharing the accumulation of knowledge and market experience that they represent ! (I don't and never will.)
Trader with an Edge.
  • #531,548
  • Jun 27, 2020 9:08am Jun 27, 2020 9:08am
Quoting Georginson
{quote} Hello Kaysole, here is my post from June 10 to Burress my point above.... This was response I gave to kuroro back then.
Yes I remember that, hats off to you.

However, I never insinuated that you lost money on that trade. Apparently you used the retracement and proper money management to your advantage.

What I merely stated was that the word "accurate" might not be the best term for a trade that goes 400 pips against them. For many, it's nothing to sneeze at. Of course, since you were anticipating it, you still made money. To each their own, I guess.

BTW, thank you for being generous with the information you've gathered. I know a lot of people would never give that away for free.
  • #531,549
  • Jun 27, 2020 9:44am Jun 27, 2020 9:44am
Quoting Georginson
{quote} Hello Kaysole, here is my post from June 10 to Burress my point above.... This was response I gave to kuroro back then.
Hello Georginson, please let us have your upcoming weekly analysis
  • #531,550
  • Jun 27, 2020 10:43am Jun 27, 2020 10:43am
Cable submarine gonna dive again in the upcoming week, trust me guys cable gonna punish if you aginst its longterm trend. Hope the best entry point will be 1.2400 at the time of retracement.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,551
  • Jun 27, 2020 10:54am Jun 27, 2020 10:54am
Quoting RRealSoldier
Cable submarine gonna dive again in the upcoming week, trust me guys cable gonna punish if you aginst its longterm trend. Hope the best entry point will be 1.2400 at the time of retracement.
I will follow, the cable has crossed the line, just waiting for some upward pull to enter sell ...See u at Monday
https://investizo.com/investment/view?server=1&login=2141779119
  • #531,552
  • Jun 27, 2020 11:10am Jun 27, 2020 11:10am
weekly chart

Attached Image
COT: The precious data ignored
  • #531,553
  • Jun 27, 2020 12:06pm Jun 27, 2020 12:06pm
Quoting RRealSoldier
Cable submarine gonna dive again in the upcoming week, trust me guys cable gonna punish if you aginst its longterm trend. Hope the best entry point will be 1.2400 at the time of retracement.
What trend? Check the monthly chart, cable is at the same number where it was in 2016, its ranging for 4 years. There is no trend currently.
Everyone can see the chart, but only a few can actually read it.
  • #531,554
  • Jun 27, 2020 12:11pm Jun 27, 2020 12:11pm
Quoting Mho
{quote} Hello Georginson, please let us have your upcoming weekly analysis
I will provide it before market reopen
Data + Stat + Risk/Emotions Management
  • #531,555
  • Edited 12:34pm Jun 27, 2020 12:22pm | Edited 12:34pm
Quoting Georginson
{quote} Hello Kuroro001, I want to take some time to explain how ranges work and the weaknesses too. Ranges are distances between high and low of a given time frame. Ranges help to reduce risk exposure and improve trade accuracy. Ranges work better when also integrated with price behaviour. Each currency pair has its way and pattern of movement over a given period, this pattern of movement if repeated on several occasions will now be seen as a behaviour. Let me start with weekly ranges In the last 13 weeks the weekly ranges of GBPUSD has been 220-400...
good to see some logic for weekly ranges and what determine the next weeks in your analysis so one can enter and exit plan if all goes well before it comes up , say next weeks probable ranges . thanks

say weekly trend big down , and may probable weekly candles if as suck in picture .
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,556
  • Jun 27, 2020 2:17pm Jun 27, 2020 2:17pm
Quoting OnlineAddict
{quote} What trend? Check the monthly chart, cable is blaaaaaaaa a for 4 years. There is no trend currently.

Soooo
When 1.45
Beware of robber banks (RB), bad advisors.
  • #531,557
  • Jun 27, 2020 2:18pm Jun 27, 2020 2:18pm
Quoting Not-KPMG
{quote} Soooo When 1.45
When bitcoin 45k dollars like you keep saying months after months until it happens...
COT: The precious data ignored
  • #531,558
  • Jun 27, 2020 2:23pm Jun 27, 2020 2:23pm
Quoting RRealSoldier
Cable submarine gonna dive again in the upcoming week, trust me ..
the best entry point will be 1.2400 at the time of retracement.
Hi big soldier

Sooo diving again???? You advocate for short???
Your account shows you are long and in red????
Care to explain???

Your account shows $70 value at 1000% profit??.

Real good, so you started at 7 dollars

Ohhh ignored
Beware of robber banks (RB), bad advisors.
  • #531,559
  • Jun 27, 2020 2:55pm Jun 27, 2020 2:55pm
Quoting Not-KPMG
{quote} Hi big soldier Sooo diving again???? You advocate for short??? Your account shows you are long and in red???? Care to explain??? Your account shows $70 value at 1000% profit??. Real good, so you started at 7 dollars Ohhh ignored
1. I know what kinds of characters you have but I am not with that kinds of element and really I don't have ego like you and I don't want it too, before several days I told you- "as a trader we have to manage our emotions besides account"- so after reading this post when you will reply me again; I will not quote you. I will try to maintain trader elements. I know many people dislike u because of your behaviour but I m still count u as human and human can make mistake.

2. My name is not big soldier, try to read correctly.

3. I just expressed my thoughts for cable, that's why the forum is all about, not for poking or arguing with others. As I found it as a sell from the coming week, that's it. But of course there is no any 100% in forex, that's why we have SL option.

4. As per my current account history, looks like taking trades for intraday, so my long is not also for longterm and I know that long wasn't a good trade. But I never argued with that and I m not that kind of person; who make mistakes and encourage others for mistakes. So why I expressed my thoughts clearly mentioned above.

5. I started my account from $10 and after making it $100, withdrawn already $50 and now again the balance is $70, Requesting you to check trade report.

6. Doesn't really any matter, if anybody or you following or ignoring me.

If I can make $10 to $100 then I have very little skill and the blessing of my Almighty. I am proud and If there would be option for $1 deposit then I would try for that.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,560
  • Jun 27, 2020 3:06pm Jun 27, 2020 3:06pm
Quoting fontu
{quote} good to see some logic for weekly ranges and what determine the next weeks in your analysis so one can enter and exit plan if all goes well before it comes up , say next weeks probable ranges . thanks say weekly trend big down , and may probable weekly candles if as suck in picture . {image}
think your chart says it all, we will see
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