Cable Update (GBPUSD)

In love with that button

ME2!!!

Buy 2900 daily binary option at $50.00 for the 7am expiry if anyone is trading nadex.

Also sell 2940 7am binary option at $50.00 through asian session until opening of european(3:30 am). Collect all profits at this time. Do not hold until expiry

Expected range means what ? it can hit your range then carry on ,if you can't see the flaw in range comparisons like that to forecast swings what can I say.
Ive seen this many times traders keep adding blind to a losing position on every level while monthly prints bullish like that.I don't think the monthly outlook can be altered easy, in a few days.
It can go higher, are you really expecting us to accept that you as a retail can weather it all for weeks.
Theres been at least 3 different levels you called as "its bearish under that level don't be fooled", with high confidence.
You want to wait to see what the monthly looks like, but I can assure you your model is flawed considering you don't know what happens once it hits the range limit or even if thats this months limit, without some other kind of confirmation/pattern /reason.

One other thing is, how hard would it be to have a chart to put up, with the info you're relaying.
500 is from what I remember as your first entry to 1.3 which looks very likely.

SELL GBPUSD & EURUSD & anything against dollar when u see DXY inside the pink circle

Akim0895, it would be interesting to learn your strategy but I never see you post a chart to see your insight.

stop by my threads mate..
️

Hey akim today we spoked about you here
About your popcorn factory (me and jaybag were kidding)
Any thoughts about gbp/usd for the day?
Good trades all

Long
Will sleep now
Thiink by tomorow tp will be easy achived

What will happen if the price falls below the pink bubble

https://www.forexfactory.com/thread/...2#post13084512

will drop later at my threads before london..
now busy a little..

price should be contained above 2900 to go above 2953 to test R1 2978 or more today

I wouldn't mind 1.3160 area

2011 to 2020 JULY RANGES

July 2011 High 1.6469 - 1.5780 Low = 689 pips
July 2012 High 1.5766 - 1.5392 Low = 374 pips
July 2013 High 1.5433 - 1.4813 Low = 620 pips
July 2014 High 1.7189 - 1.6856 Low = 333 pips
July 2015 High 1.5731 - 1.5329 Low = 402 pips
July 2016 High 1.3479 - 1.2795 Low = 684 pips
July 2017 High 1.3223 - 1.2811 Low = 412 pips
July 2018 High 1.3362 - 1.2956 Low = 406 pips
July 2019 High 1.2704 - 1.2118 Low = 586 pips

July 2020 High 1.2951 - 1.2358 Low = 593 pips

Minimum Range = 333 pips
Average Range = 511 pips
Maximum Range = 689 pips

The highest/lowest RATE from July 2011 - July 2020
(2014) 1.7189 - 1.2118 (2020) = 5071 pips difference

The highest/lowest RANGE from July 2011 - July 2020
(2011) 689 - 333 (2014) = 356 distance difference

The above shows 5071 pips disparity in rates, while just 336 disparity in ranges.

2011 - 2020 YEARLY RANGES

2011 High 1.6744 - 1.5272 Low = 1472 pips
2012 High 1.6308 - 1.5235 Low = 1073 pips
2013 High 1.6577 - 1.4813 Low = 1764 pips
2014 High 1.7189 - 1.5485 Low = 1704 pips
2015 High 1.5928 - 1.4565 Low = 1363 pips
2017 High 1.3656 - 1.1986 Low = 1670 pips
2018 High 1.4375 - 1.2475 Low = 1900 pips
2019 High 1.3513 - 1.1957 Low = 1556 pips

2020 High 1.3229 - 1.1409 Low = 1820 pips

Minimum Range = 1363 pips
Average Range = 1631 pips
Maximum Range = 1900 pips

The highest/lowest RATE from Year 2011 - 2020
(2014) 1.7189 - 1.1409 (2020) = 5780 pips difference

The highest/lowest RANGE from Year 2011 - Year 2020
(2018) 1900 - 1073 (2012) = 827 distance difference.

The above shows 5780 pips disparity in rates, while just 827 disparity in ranges.

APPLICATION OF MONTHLY RANGES
Using this July 2020 as an example

Since it is the high that keeps breaking, this makes the Low a constant price.

1.2358 + 333 pips = 1.2691 (Sellable price 1)
1.2358 + 511 pips = 1.2969 (Sellable price 2)
1.2358 + 689 pips = 1.3047 (Sellable price 3)

The profit target of each sellable price will also be the difference of each sellable prices. Sellable Price 2 is 1.2969, target will be 1.2691 (Sellable price 1). The maximum range being 689 pips will be the risk of sellable Price 2 which is situated at 1.3047.

IMPORTANCE OF RANGES
* It helps in reducing risk exposure as it involves waiting for certain distance to be seen before placing a trade due to the unpredictable nature of exchange rates as seen above.

* It clearly shows risk levels before placing a trade, which will also help in the application of money management

* It shows possible places of reversals and let's you anticipate levels ahead of time.

10 years sample is good enough to ascertain the effectiveness of ranges, as seen above the exchange rates are miles apart while the ranges are closely aligned. This shows that exchange rates respond to ranges which translates to distance covered.

You are always free to disagree but the stats do say something very cogent.

Peace.

overbought conditions may push the price down, be careful in London open

going to be wild day... lot of pips both sides.

dxy ended bullish after.... hard to count bearish days with nice tail.

can test the high of yesterday, i found a lot of reason for why usd can develop some momentum but i wont put my money on it right now.
a lot of R and he let me down too many times lately.

i will wait LO, i will buy the deeps first one at 2895 if h1 and h4 will close below.. reverse layup.

we will get there..
but need step by step