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Cable Update (GBPUSD)

  • #578,941
  • Feb 18, 2021 6:54am Feb 18, 2021 6:54am
Quoting DailyChart
1.405
So Many short ? Load buy again
  • #578,942
  • Feb 18, 2021 6:55am Feb 18, 2021 6:55am
Couldn't resist shorting 1.3967, stop to BE already, just a scalp, looking for 1.3920
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  • #578,943
  • Feb 18, 2021 6:56am Feb 18, 2021 6:56am
The mf went for the gap
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yes yes yes
  • #578,944
  • Feb 18, 2021 6:57am Feb 18, 2021 6:57am
Quoting navk
previous daily high is broken. next target 3980 ho...
breaking highs doesnt mean anything, short sl are fished at this area, it can easily go down now from here
  • #578,945
  • Feb 18, 2021 6:58am Feb 18, 2021 6:58am
Quoting abconqq7
You guys just keep thinking of shorting / retrace... lol and keep calling hammer and hammer... Just like gambling but not trading
We're all just waiting for the sales pitch now
  • #578,946
  • Feb 18, 2021 6:59am Feb 18, 2021 6:59am
Quoting Moty
The mf went for the gap {image}
Keep finding anything to blame but yourself for blowing your account as always....

I’ll give you a hint that helped me with my trading exponentially, become a reactive trader, not a predictive one

You are gambling, plain and simple
  • #578,947
  • Feb 18, 2021 7:00am Feb 18, 2021 7:00am
Quoting ZTrader123
{quote} Keep finding anything to blame but yourself for blowing your account as always.... I’ll give you a hint that helped me with my trading exponentially, become a reactive trader, not a predictive one You are gambling, plain and simple

You said it right 100%

" become a reactive trader, not a predictive one You are gambling, plain and simple"
Follow The Markets Structure - Patience and Discipline
  • #578,948
  • Feb 18, 2021 7:02am Feb 18, 2021 7:02am
Go Bulls Go
  • #578,949
  • Feb 18, 2021 7:03am Feb 18, 2021 7:03am
Seldom occurance happened: a 10 pips retrace on EUR/GBP. What happenend? ECB took a nab after eating for 10000 Euro lunch tax money?

My comment to USD/GBP: LOL. I don't know when we had sth. like that ever back for years. I made my money again with shorts but that is hillarious. These days eat up usually a lot of my gains. Today nothing. So I did good but that driving is crazy. I wouldn't wonder if we retrace now without a stop to 1,39 again.

I stay away from longing now. Nice try su**ckers. Someone else can buy your stuff.
  • #578,950
  • Feb 18, 2021 7:03am Feb 18, 2021 7:03am
Cable isn't going anywhere until I take my profits.
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  • #578,951
  • Feb 18, 2021 7:04am Feb 18, 2021 7:04am
Quoting pipfarm
{quote} That is correct also because when the last larger degree hourly swing is viewed against the 4 Hour larger degree swing it is going the opposite way so the larger degree hourly swing is potentially corrective especially as the hourly larger swing support was still intact, so hopefully we will see a 1H larger degree swing new high in line with trend continuation but in between there could be some smaller corrections to come which is where retail will trade short trying to pick the top as usual.

New high reached in line with trend continuation
Follow The Markets Structure - Patience and Discipline
  • #578,952
  • Feb 18, 2021 7:08am Feb 18, 2021 7:08am
She wants to get back inside me channel?
Maybe we can stay forever? Together? Inside there?
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Maadik Hugiis. IQ 69.
  • #578,953
  • Feb 18, 2021 7:10am Feb 18, 2021 7:10am
Wedges by definition: longer than 3 weeks, vol. divergence, decreasing momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: download (12).png Size: 59 KB

I've mentioned already that on Daily TF ema(12) and ema(26) haven't seen each other for 77 days (including today) - three times deviated from its mean (19 days).
Historical maximum for uptrend is 79 days. Considering that this is a lagging indicator - we observing new maximum.
From a statistical point of view, yes, something dubious is happening.

If the market is always right and statistics simply do not apply to it - it don't give a shit about its own empirical distributions. Ok ¯\_(ツ)_/¯
Air force
  • #578,954
  • Feb 18, 2021 7:15am Feb 18, 2021 7:15am
Attached Image (click to enlarge)
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yes yes yes
  • #578,955
  • Feb 18, 2021 7:17am Feb 18, 2021 7:17am
Its likely to hit 1.402 before coming down. My sell order there.
  • #578,956
  • Feb 18, 2021 7:18am Feb 18, 2021 7:18am
Looks like the pair won’t fall now. 1.4 in view...
Attached Image (click to enlarge)
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Insane in the Brain..
  • #578,957
  • Feb 18, 2021 7:19am Feb 18, 2021 7:19am
shorted again 1,3961... enough is enough. Look at order book on EUR/GBP. LOL. Never seen that before. Only buy orders, everywhere. Can someone ring the EU-Guys and give a hint to stop buying GBP for a day to get better quotes?? Gosh and I have to live in that monster state. Lucky UK.
  • #578,958
  • Feb 18, 2021 7:20am Feb 18, 2021 7:20am
Quoting pipcenturion
{quote} I think 14 periods is not statistically significant to use in determining the average daily range of any market instrument. I personally use 260 periods because in one year, we have 52 weeks with 5 trading days each week. So 52 * 5 = 260 The 14 period ADR shows 40 pips as daily average while the 260 period ADR shows 75 pips as daily average range. We should also remember that GBP is the counter currency here which means that each pip will be worth about 1.38 USD If we put this pip value into consideration, the 260 period ADR will be more...
Sorry but why you multiply on 1.38? It must be 0.00001 * 100000 / 1.38 = 0.72
and then 75 * 0.72 = 54 pips.
Observer effect
  • #578,959
  • Feb 18, 2021 7:22am Feb 18, 2021 7:22am
Quoting JackintheBox
shorted again 1,3961... enough is enough. Look at order book on EUR/GBP. LOL. Never seen that before. Only buy orders, everywhere. Can someone ring the EU-Guys and give a hint to stop buying GBP for a day to get better quotes?? Gosh and I have to live in that monster state. Lucky UK.
you've got to get lucky sometime maybe this is your time, don't get angry, learn, good luck
  • #578,960
  • Feb 18, 2021 7:31am Feb 18, 2021 7:31am
Quoting MoneyZilla
She wants to get back inside me channel? Maybe we can stay forever? Together? Inside there? {image}
1.40
maybe......today?
Twitter: Rummer_grapes
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