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Cable Update (GBPUSD)

Quoting maheeee
{quote} I think everyone pocketed good profit........ last 4 days candle closed according to my prediction....... i too happy with my powerful candle closing strategy.............. All praise goes to God, Glory to God..................
Excellent work, hope to see more from you. All praise goes to God, Glory to God.
Quoting Moty
{quote} usually , the dx give a 0.5 point per day , so aspect a little drop until the weekend {image} break up {image}
I think this isn't a good time to go Long, I was looking for a setup at the same price point but didn't found a good setup, anyways Good Luck.
Quoting shahab8b
I think buying the dips can still work above 1.36. But if GU breaks below 1.36/1.3625, it will form a double top on H4. {image}
The H4 double top formation I pointed out earlier is confirmed now. I think we will see a retest of the neckline @ 1.3625.
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Quoting afzalwada
{quote} i think this isn't a good time to go long, i was looking for a setup at the same price point but didn't found a good setup, anyways good luck.
this is the perfect time
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Quoting helioss
{quote} I have to trust in VOLUME, .3610/.3600 breakout with VERY HIGH VOLUME BEARISH, so SL -20 and now i'm SHORT from .3599 {image}
CLosed +23 ....we will Monday!!!
Have a great WeekEnd & Stay Safe
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
A significant loss today here
It is these days that I am very happy to have small leverage
I keep my business in silver only, expecting 25.50 on Monday.
As for the cable, at the moment I have no idea where it is going next. She may try to test 13380 before passing 37 again.
Good weekend to everyone.
Cheers from Portugal, confined again.
Studing..............
Daily Analysis Volume is BEARISH: double top with decreasing volume & bearish divergence on ITM......we will see what happens next week
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Quoting kk300
Sold the top yesterday.. i want to have hunter beef of that bull from tuesday in dinner...
Its ready now i think.. added some Spice Lee in it...enjoying my dinner... Closed all.. Great weekend all..
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long at 3187.

stop 3171.

will leave it open tonight , if stop not hit.
Intraday only.
Quoting navk
long at 3187. stop 3171. will leave it open tonight , if stop not hit.
I believe you mean 1.3587
Swing and Intraday
Quoting shahab8b
{quote} The H4 double top formation I pointed out earlier is confirmed now. I think we will see a retest of the neckline @ 1.3625. {image}
Hi Shahab,
This can absolutely work for me with subtle bearish hints from a 4hr perspective. A retrace to your projected area and who knows?. We could have a nice move to the downside.
Thanks again for your valuable input.
Cheers.
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Trade to trade another day
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Together we can be strongest
Quoting palpite
{image}
Really? I don't think so buddy. There's a lot of room to go down. Let's see what the charts tell us on Monday
when you can accurately predict the future, you leave nothing to chance.
Quoting zizoo
{quote} Really? I don't think so buddy. There's a lot of room to go down. Let's see what the charts tell us on Monday
I know, but look the candles M15, is showing a pullback. I closed my trade.
Together we can be strongest
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Quoting zizoo
{quote} Really? I don't think so buddy. There's a lot of room to go down. Let's see what the charts tell us on Monday
Next week we can buy or sell, let the market finish the week.
Together we can be strongest
have a nice weekend all
Quoting maheeee
{quote} I think everyone pocketed good profit........ last 4 days candle closed according to my prediction....... i too happy with my powerful candle closing strategy.............. All praise goes to God, Glory to God..................
Good for you. But ego trips are little annoying.

Would you mind to test your 'divine' strategy against the coin flip?
Distribution of daily candles from 01.01.2012 to 07.01.2021 (closing at 22:00 GMT+0) is approximately equal. Hence, coin toss is a good alternative.
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And here are the stats of daily range for this period (far outliers was filtered out, so there are 2336/2362 candles in dataset)
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Did you make your predictions during Asian session or even at the end of a day? Because if price has moved, lets say 40 - 50 pips in range, it is much easier to guess. Not to mention other factors: lower TF PA, trend, patterns, etc.

Not an attack, but a suggestion to improve your strategy.
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