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Cable Update (GBPUSD)

  • #531,561
  • Jun 27, 2020 3:10pm Jun 27, 2020 3:10pm
Quoting Moty
{quote} we got bullish hammer on the 50 sma at the hourly followed by a retrace candle , no short here
Blaaaaa

So you longed 1.25

Oh boy I have so much fun
Beware of robber banks (RB), bad advisors.
  • #531,562
  • Jun 27, 2020 3:52pm Jun 27, 2020 3:52pm
Quoting Not-KPMG
{quote} Soooo When 1.45
Pm me please
  • #531,563
  • Jun 27, 2020 4:11pm Jun 27, 2020 4:11pm
Quoting RRealSoldier
{quote} 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...
It is not who has the most money who wins, but who has wisdom .. God bless you.
and that you can multiply more and more.
  • #531,564
  • Jun 27, 2020 5:11pm Jun 27, 2020 5:11pm
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
Dear , I looked up into your stats. Saw some astonishing 700+ ignored persons. You're some bad ass yourself as well dude lol

I dont care taking something personal at all but it would be nice seeing you deliver on your view regarding cable as well
Life is great!!
  • #531,565
  • Edited 11:27pm Jun 27, 2020 6:37pm | Edited 11:27pm
Quoting RRealSoldier
I am proud and If there would be option for $1 deposit then I would try for that.
I did that with Roboforex(1:2000 leverage), its a fun ride. First trade...6 pip drawdown kills the account, so...
Everyone can see the chart, but only a few can actually read it.
  • #531,566
  • Jun 27, 2020 11:23pm Jun 27, 2020 11:23pm
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}
Hello Fontu, June has just two trading days left and next week June two trading days left will be met with three trading days of July which makes for a difficult and yet interesting analysis for next week.

Below are ranges of last 9 years June

JUNE 2011 High 1.6495 - 1.5911 Low = 584 pips range (Close 1.6420) 75 pips recovery from High
JUNE 2012 High 1.5776 - 1.5267 Low = 509 pips range (Close 1.5703) 73 pips recovery from High
JUNE 2013 High 1.5751 - 1.5165 Low = 585 pips range (Close 1.5210) 45 pips recovery from Low
JUNE 2014 High 1.7114 - 1.6698 Low = 416 pips range (Close 1.7104) 10 pips recovery from High
JUNE 2015 High 1.5929 - 1.5169 Low = 760 pips range (Close 1.5711) 218 Pips Recovery from High
JUNE 2016 High 1.5017 - 1.3119 Low = 1898 pips range (Close 1.3307) 188 pips recovery from Low
JUNE 2017 High 1.3029 - 1.2588 Low = 441 pips range (Close 1.3027) 2 pips recovery from High
JUNE 2018 High 1.3472 - 1.3049 Low = 423 pips range (Close 1.3206) 157 pips recovery from Low
JUNE 2019 High 1.2783 - 1.2505 Low = 278 pips range (Close 1.2696) 87 pips recovery from High

June 2020 so far High 1.2812 - 1.2314 Low = 498 pips range (Close 1.2336) 22 pips recovery from Low

From the above, it can be deduced that:-
Maximum range of June in the last 9 years is = 760 pips range (excluding 2016 brexit referendum year)
Average range of June in the last 9 years is = 500 pips range
Minimum range of June in the last 9 years is = 278 pips range

This current JUNE 2020 has equalled average range Being 498 pips (approximately 500)
This current price of 1.2336 has distance of 476 pips to the high of 1.2812
This current price of 1.2336 has distance of 22 pips to the low of 1.2314....

Verdict.... The price can be bought at 1.2310/1.2280 targeting 1.2450. Reason being that once the price reaches 1.2310/1.2280 levels it will have distance of 502/532 pips to the high, which means it has more tendency for upper recovery and 75% risk for the month is already avoided...

The maximum range Being 760 pips = to the maximum risk... So should the maximum range wants to occur, the price will touch 1.2052
Current June High 1.2812 - 760 maximum June Range = 1.2052...

So the maximum possible risk of buying from 1.2310/1.2280 level is 1.2052 being 260 - 230 pips away from potential buying level.... The chances of this risk is less than 10% since 760 pips range only occurred once in 9 years (excluding 2016 brexit Referendum June)

The most probable risk of buying from 1.2310/1.2280 level is 1.2232 being 80 - 50 pips away from potential buying level... The chances of this risk is less than 30% since 580 pips range only occurred twice in 9 years (excluding 2016 brexit Referendum June)....

In summary Buy from 1.2310/1.2280 levels, target 1.2450 for June only....

I hope this is explanatory to an extent...

Peace.
Data + Stat + Risk/Emotions Management
  • #531,567
  • Jun 28, 2020 12:01am Jun 28, 2020 12:01am
two trading days left and next week June two trading days left will be met with three trading days of July which makes for a difficult and yet interesting analysis for next week. Below are ranges of last 9 years June JUNE 2011 High 1.6495 - 1.5911 Low = 584 pips range (Close 1.6420) 75 pips recovery from High JUNE 2012 High 1.5776 - 1.5267 Low = 509 pips range (Close 1.5703) 73 pips recovery from High JUNE 2013 High 1.5751 - 1.5165 Low = 585 pips range (Close 1.5210) 45 pips recovery from Low JUNE 2014 High 1.7114 - 1.6698 Low = 416 pips range (Close 1.7104) 10 pips recovery from High JUNE 2015 High 1.5929 - 1.5169 Low = 760 pips range (Close 1.5711) 218 Pips Recovery from High JUNE 2016 High 1.5017 - 1.3119 Low = 1898 pips range (Close 1.3307) 188 pips recovery from Low JUNE 2017 High 1.3029 - 1.2588 Low = 441 pips range (Close 1.3027) 2 pips recovery from High JUNE 2018 High 1.3472 - 1.3049 Low = 423 pips range (Close 1.3206) 157 pips recovery from Low JUNE 2019 High 1.2783 - 1.2505 Low = 278 pips range


Wonderful
  • #531,568
  • Jun 28, 2020 12:25am Jun 28, 2020 12:25am
Quoting despichtt
{quote} Dear , I looked up into your stats. Saw some astonishing 700+ ignored persons. You're some bad ass yourself as well dude lol I dont care taking something personal at all but it would be nice seeing you deliver on your view regarding cable as well
I didn't get you, could you please explain? 700+ ignored person?? my profile?? I found only 1
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 53 KB
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,569
  • Jun 28, 2020 12:28am Jun 28, 2020 12:28am
Quoting Georginson
{quote} Hello Fontu, June has just two trading days left and next week June two trading days left will be met with three trading days of July which makes for a difficult and yet interesting analysis for next week. Below are ranges of last 9 years June JUNE 2011 High 1.6495 - 1.5911 Low = 584 pips range (Close 1.6420) 75 pips recovery from High JUNE 2012 High 1.5776 - 1.5267 Low = 509 pips range (Close 1.5703) 73 pips recovery from High JUNE 2013 High ) .
OK! The chart below depicts the possible scenarios. It could clearly see that this June has made about 498pips range already according to my indicator
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jun 28 05-25-54.png Size: 52 KB

Well, happen anything can happen..
Cheers
Le$$ I$ More
  • #531,570
  • Jun 28, 2020 12:28am Jun 28, 2020 12:28am
Quoting OnlineAddict
{quote} I did that with Roboforex(1:2000 leverage), its a fun ride. First trade...6 pip drawdown kills the account, so...
I lost many times but a trader should have "Never Give Up" element which is the common element of all successful entrepreneurs as well.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,571
  • Jun 28, 2020 12:37am Jun 28, 2020 12:37am
Price is in Bullish Sandwich Zone (aka. Demand Zone.)
Note Daily SWZ are strong for a 100pips pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jun 28 05-35-39.png Size: 45 KB
Le$$ I$ More
  • #531,572
  • Jun 28, 2020 12:47am Jun 28, 2020 12:47am
Quoting Roszey
{quote} OK! The chart below depicts the possible scenarios. It could clearly see that this June has made about 498pips range already according to my indicator {image} Well, happen anything can happen.. Cheers
Yes... Roszey. This is confirmatory chart of the scenarios and potential target. Weldone.
Data + Stat + Risk/Emotions Management
  • #531,573
  • Jun 28, 2020 12:50am Jun 28, 2020 12:50am
Analysis for month of July and possible scenarios will be provided on Tuesday after New York close.
Data + Stat + Risk/Emotions Management
  • #531,574
  • Jun 28, 2020 12:53am Jun 28, 2020 12:53am
From the chart. The last 3 weeks range are 339pips, 343pips which extended beyond the weekly average rage of 250pips. Thus, there have been a pullback of more than 100pips when prices exceed this weekly average range. But last week GU made only 228pips. Hence it is short of 22pips more to complete the downside before rising. So hopefully 2291 might be seen before it climbs up.

Let wait and see. It's just my opinion, not a fact.
We are still learning. I stand to be corrected.
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jun 28 05-42-50.png Size: 67 KB
Le$$ I$ More
  • #531,575
  • Jun 28, 2020 12:53am Jun 28, 2020 12:53am
Quoting RRealSoldier
{quote} I lost many times but a trader should have "Never Give Up" element which is the common element of all successful entrepreneurs as well.
That's the spirit mate. Continue with your good work as you do not need anyone's validation. I wonder why someone will be throwing tantrums at fellow traders and the thread administrator will continue to tolerate such behaviour.

Keep up the good work and never feel alone or discouraged.

Cheers!
Data + Stat + Risk/Emotions Management
  • #531,576
  • Jun 28, 2020 1:02am Jun 28, 2020 1:02am
Quoting Roszey
From the chart. The last 3 weeks range are 339pips, 343pips which extended beyond the weekly average rage of 250pips. Thus, there have been a pullback of more than 100pips when prices exceed this weekly average range. But last week GU made only 228pips. Hence it is short of 22pips more to complete the downside before rising. So hopefully 2291 might be seen before it climbs up. Let wait and see. It's just my opinion, not a fact. We are still learning. I stand to be corrected. Cheers {image}
You have good analysis in it but the weekly Pin bar can make it false after very little bull. And the point is Monthly close too.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,577
  • Edited 3:27am Jun 28, 2020 1:20am | Edited 3:27am
Quoting Georginson
{quote} Hello Fontu, June has just two trading days left and next week June two trading days left will be met with three trading days of July which makes for a difficult and yet interesting analysis for next week. Below are ranges of last 9 years June JUNE 2011 High 1.6495 - 1.5911 Low = 584 pips range (Close 1.6420) 75 pips recovery from High JUNE 2012 High 1.5776 - 1.5267 Low = 509 pips range (Close 1.5703) 73 pips recovery from High JUNE 2013 High 1.5751 - 1.5165 Low = 585 pips range (Close 1.5210) 45 pips recovery from Low JUNE 2014 High 1.7114...
very nice analysis technique, strict to it , no early decision or exit or entry. well covered all srs , like immediate minimum breaks 2289 , 2232 covered , even previous low just fake out below 2074. all 3 levels are strong bounce areas and all likely play next with bounce tries . take care , fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 37 KB
Click to Enlarge Name: GBPUSDH1.png Size: 26 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,578
  • Jun 28, 2020 1:24am Jun 28, 2020 1:24am
Quoting RRealSoldier
{quote} You have good analysis in it but the weekly Pin bar can make it false after very little bull. And the point is Monthly close too.
You are right my friend. Sometimes the market can be full of tricks.
fingers crossed
Le$$ I$ More
  • #531,579
  • Jun 28, 2020 2:30am Jun 28, 2020 2:30am
Quoting RRealSoldier
{quote} I didn't get you, could you please explain? 700+ ignored person?? my profile?? I found only 1 {image}
He/She was talking to NKPMG.
He ignores 700+ people.
Compulsions can be hard to resist
  • #531,580
  • Jun 28, 2020 2:35am Jun 28, 2020 2:35am
On Monday, we opened below the ascending weekly trend line. We then retested it and dropped.
Weekly is a pin bar as a result.
Looks like more bear this week with Asian sessions rallying being the usual pattern of play.
Compulsions can be hard to resist
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