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Cable Update (GBPUSD)

  • #577,261
  • Feb 10, 2021 7:46am Feb 10, 2021 7:46am
nice bad news USD

hold GU short
  • #577,262
  • Feb 10, 2021 7:49am Feb 10, 2021 7:49am
Quoting SteadyAsItGo
nice bad news USD hold GU short
No- it means the Fed have more room for asset purchases/QE. It is dollar bearish

DXY having trouble breaking through 9.25/3 though
  • #577,263
  • Feb 10, 2021 7:54am Feb 10, 2021 7:54am
Quoting pipfarm
{quote} Classic, you can see i took the first screen cap just before it started to push up again My word of advice to you all, STOP TRYING TO PICK THE TOPS AND BOTTOMS

Most, here, don’t even know how to enter a top or a bottom...
Maadik Hugiis. IQ 69.
  • #577,264
  • Feb 10, 2021 7:54am Feb 10, 2021 7:54am
Quoting Coreg2004
{quote} W0lfram, I look for high/low of the week on Tuesday/ early Wednesday...please check the charts and draw your own conclusion...I know you are a pretty savvy statistician.
Hi.
Dealing with unequal week length (holidays) was a pain in the ass.

Sample 2009.11.16 - 2021.02.09. Here's what I got finally
Most often High/Low of the week occurs on Monday or Friday

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: HL distribution.png Size: 8 KB
Air force
  • #577,265
  • Feb 10, 2021 7:58am Feb 10, 2021 7:58am
Happeey b day tom at 60 y man
  • #577,266
  • Feb 10, 2021 7:58am Feb 10, 2021 7:58am
@wolfram Thanks for sharing!
  • #577,267
  • Feb 10, 2021 8:00am Feb 10, 2021 8:00am
Quoting pipfarm
My word of advice to you all, STOP TRYING TO PICK THE TOPS AND BOTTOMS
Why? Tops and bottoms are very tasty
Observer effect
  • #577,268
  • Feb 10, 2021 8:02am Feb 10, 2021 8:02am
REP
Attached Image (click to enlarge)
Click to Enlarge Name: REP.png Size: 48 KB
  • #577,269
  • Feb 10, 2021 8:03am Feb 10, 2021 8:03am
Quoting MoneyZilla
{quote} Most, here, don’t even know how to enter a top or a bottom...

I should of added , stop trying to pick tops and bottoms for a reversal, its fine to pick tops and bottoms of continuations as that is where the money is to be made, picking t/bs for a reversal is a far more difficult thing to do and it is necessary to know the difference between corrective reversal and full reversal.
Follow The Markets Structure - Patience and Discipline
  • #577,270
  • Feb 10, 2021 8:06am Feb 10, 2021 8:06am
My god, what a crap... haven't seen that for a while on GBP/USD, especially at that time, wtf. are they doing??
  • #577,271
  • Feb 10, 2021 8:08am Feb 10, 2021 8:08am
Quoting ryuryu
{quote} Why? Tops and bottoms are very tasty

LOL, if that is what you think go ahead , except your not allowed to pick this top on cable as we might be close to it and you get lucky, no one has to take my advice , i give it freely to who chooses to listen.


Follow The Markets Structure - Patience and Discipline
  • #577,272
  • Feb 10, 2021 8:09am Feb 10, 2021 8:09am
Quoting JackintheBox
My god, what a crap... haven't seen that for a while on GBP/USD, especially at that time, wtf. are they doing??
Nothing trading towards value, cable was always bullish the sell before the news was just the earlier buy profit taking.
  • #577,273
  • Feb 10, 2021 8:13am Feb 10, 2021 8:13am
Quoting ryuryu
{quote} Why? Tops and bottoms are very tasty
HAHA You Are Right
  • #577,274
  • Feb 10, 2021 8:15am Feb 10, 2021 8:15am
So How Is It Going GBP

We Are Heading Up like I had told before

Anyway See You

HAHA
  • #577,275
  • Feb 10, 2021 8:23am Feb 10, 2021 8:23am
I squeeze out every drop of that market but it really makes no fun, have to lower my initial position for that, so annoying, get headache of today... let's hope for us-open in 7 mins.
  • #577,276
  • Feb 10, 2021 8:40am Feb 10, 2021 8:40am
I cannot believe that, they really want to go higher... they catch up what they can. I ripped them a bit with the last pop up, trippled my initial position to short, bad deal for them, good for me... anyway, I think they are not yet satisfied with the volume.

Problem is there is no (unusual) big volume coming up, i really don't know where they want to go. But one good thing it has: The drop will be harder than normal because of averaging in for them... may be now they good enough sh*t sold to the public or sqeezed some more shorties...
  • #577,277
  • Feb 10, 2021 8:44am Feb 10, 2021 8:44am
how many times mf ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 40 KB
Click to Enlarge Name: dx.png Size: 33 KB
yes yes yes
  • #577,278
  • Feb 10, 2021 8:46am Feb 10, 2021 8:46am
Stochastics ready to dive... all over the board, nice devergence on 1 hour, rsi still ok, unfortunately. SKS coming up, Neckline 1,3849... aim 1,3835...
Let's say it like that: They dig their hole deeper and deeper. You can ignore technical analyse and market flow for a while, but it will bite you in the ass, sooner or later...
  • #577,279
  • Feb 10, 2021 8:47am Feb 10, 2021 8:47am
Quoting Moty
how many times mf ? {image} {image}
LOL let's see, tighten seat belts lol
  • #577,280
  • Feb 10, 2021 8:48am Feb 10, 2021 8:48am
Quoting Moty
how many times mf ? {image} {image}
looks hammer time ain’t coming anytime soon! Personally I’d be happy to TP at 13800 at b/e on the 2 trades.
Insane in the Brain..
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