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Cable Update (GBPUSD)

  • #557,301
  • Nov 5, 2020 10:59am Nov 5, 2020 10:59am
Quoting gatenio
{quote} that’s because they already short and this is their hope.. this is FF
It is FF, but not stocktwits. It could be worse.
If you're gonna be a bear, be a grizzly
  • #557,302
  • Nov 5, 2020 10:59am Nov 5, 2020 10:59am
That's me out of £/$ all long and start to look for shorts with small entry
  • #557,303
  • Nov 5, 2020 11:01am Nov 5, 2020 11:01am
Quoting pipcenturion
{quote} Range as a measure of dispersion has a few draw backs. It is easy to have outliers that greatly exceed the average range and this will cause huge distortion in your choice of levels from which to trade. As a result of this, I prefer using another measure of dispersion - standard deviation which "adjusts" itself according to the volatility in the market. One last thing, I am of the opinion that price needs to be adjusted by volume. There will therefore be a one - to -one mapping of price and its corresponding volume adjusted price per time....
The current market VOLATILITY is what I factor in as cyclical range behaviour.

For instance this November, I have already forecasted a possible range between 600 - 800 pips, which I clearly outlined 1.2840 and 1.3174 levels as areas to watch as these areas when broken will lead to break out of price to 1.2660 or 1.3380.

This week isn't expected to break above 1.3174.
Data + Stat + Risk/Emotions Management
  • #557,304
  • Nov 5, 2020 11:02am Nov 5, 2020 11:02am
Quoting Stefan90csk
1,31300 might be tested today.
Inserted Video
Patience and Discipline.
  • #557,305
  • Nov 5, 2020 11:03am Nov 5, 2020 11:03am
Quoting pipcenturion
{quote} Range as a measure of dispersion has a few draw backs. It is easy to have outliers that greatly exceed the average range and this will cause huge distortion in your choice of levels from which to trade. As a result of this, I prefer using another measure of dispersion - standard deviation which "adjusts" itself according to the volatility in the market. One last thing, I am of the opinion that price needs to be adjusted by volume. There will therefore be a one - to -one mapping of price and its corresponding volume adjusted price per time....
Here is the analysis made for this month since 31/10/2020
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Data + Stat + Risk/Emotions Management
  • #557,306
  • Nov 5, 2020 11:04am Nov 5, 2020 11:04am
Quoting Stefan90csk
{quote} https://www.youtube.com/watch?v=CduA0TULnow
Let's do 1.300 now?
I will tear the world apart for you.
  • #557,307
  • Nov 5, 2020 11:04am Nov 5, 2020 11:04am
Hammer NOW Moty...
I will work to Objectively Identify my Edges
  • #557,308
  • Nov 5, 2020 11:05am Nov 5, 2020 11:05am
Quoting ChiForex
I keep reading members here complaining about loosing money through these election days and pre/post Well, these days are the easiest for trading as you must simply sell high buy low, you never enter midway as many did then cry... Like now I see no low risk opportunity, you should wait for 1.3120s to short and just above 1.29 to buy. If you had done that so far you could had made lot of money with low risk SL!
Posted this 9 hours ago & explained why.., just to come back now here and find some sold GU midway
Seriously, are you dumb OR dumb to not understand a clear advice.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #557,309
  • Nov 5, 2020 11:06am Nov 5, 2020 11:06am
there is still a way up to 1.3200
  • #557,310
  • Nov 5, 2020 11:06am Nov 5, 2020 11:06am
Pals, please, jump on the sell button. Please.
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We need you to reach 67%...
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Maadik Hugiis. IQ 69.
  • #557,311
  • Nov 5, 2020 11:07am Nov 5, 2020 11:07am
Quoting Moty
SECOND TIME I AM LOSING MONEY BECAUSE OF CROOKS TRAP ENGULFING CANDLE THAT GET CANCELED SO EASILY {image} {image}
Moty,
You played what either was an edge- or you thought was an edge.
It's ok- Swat it off your shoulder & move on...

Meanwhile, -Bring me out that Hammer-
As Coreg said, that was a "Shallow" Wave-4 we might have got caught up in,
as she is bullish w/Dow, etc...
Bring us your HAMMER!
I will work to Objectively Identify my Edges
  • #557,312
  • Nov 5, 2020 11:11am Nov 5, 2020 11:11am
stops on profit locked in, waiting for FOMC, usually a non event but you never know
Follow The Markets Structure - Patience and Discipline
  • #557,313
  • Nov 5, 2020 11:14am Nov 5, 2020 11:14am
Quoting Moty
SECOND TIME I AM LOSING MONEY BECAUSE OF CROOKS TRAP ENGULFING CANDLE THAT GET CANCELED SO EASILY {image} {image}
hey, what broker do u use? looks like they are fooling u.

Yesterday daily candle should look more like this one:

I had the same problem with my broker. The closing time should be at 10gmt. After 10 they should print a new candle. If the fool the daily probably the 4h and 2h are fooled too.
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Twitter: Rummer_grapes
  • #557,314
  • Nov 5, 2020 11:14am Nov 5, 2020 11:14am
Quoting TerpFan2
{quote} Moty, You played what either was an edge- or you thought was an edge. It's ok- Swat it off your shoulder & move on... Meanwhile, -Bring me out that Hammer- As Coreg said, that was a "Shallow" Wave-4 we might have got caught up in, as she is bullish w/Dow, etc... Bring us your HAMMER!
drop drop and below
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yes yes yes
  • #557,315
  • Nov 5, 2020 11:15am Nov 5, 2020 11:15am
...hit the shallowest desc 4hr t/line in that prev sw hi zone...4hr below.
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Trader with an Edge.
  • #557,316
  • Nov 5, 2020 11:16am Nov 5, 2020 11:16am
Quoting TerpFan2
{quote} Moty, You played what either was an edge- or you thought was an edge. It's ok- Swat it off your shoulder & move on... Meanwhile, -Bring me out that Hammer- As Coreg said, that was a "Shallow" Wave-4 we might have got caught up in, as she is bullish w/Dow, etc... Bring us your HAMMER!

Please, tell Moty, today will be another engulfing D1 candle.

Life and forex behave similarly. They always offer a second chance!
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Maadik Hugiis. IQ 69.
  • #557,317
  • Nov 5, 2020 11:19am Nov 5, 2020 11:19am
Doowwnnnn u mother fu***......
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Trade with prediction = witch with her visions lol
  • #557,318
  • Nov 5, 2020 11:21am Nov 5, 2020 11:21am
Quoting dimitricss
Doowwnnnn u mother fu***...... {image}
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Trade with prediction = witch with her visions lol
  • #557,319
  • Nov 5, 2020 11:25am Nov 5, 2020 11:25am
I would wait for FOMC manipulation, there is a perfect double bottom on 4 hr on dollar..
that will probs get spiked during the meeting or something before the real move

Easy manipulation potential
  • #557,320
  • Nov 5, 2020 11:26am Nov 5, 2020 11:26am
test 1.33 is possible for strong pound
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