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Is it just me or is cable acting random? 44 replies

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Cable Update (GBPUSD)

Quoting OnlineAddict
{quote} Not saying what anyone should trade...I think USDx will go up...possibly for a long time...but the more people will be selling it, the better...the sooner it will happen then.
retail is buying usd still.

Quoting AlfieSolomon
The reason behind the bull today, hedge funds added numerous longs {image}
and retail added numerous sorts

i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know
Attached Images
All i can say.No short now H1,when i see sign i will go short H1.Do not short now.some up is poosible.it didnt reverse.
Quoting nikosk0
{quote} retail is buying usd still. {quote} and retail added numerous sorts i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know {image} {image} {image} {image}
That might be interesting. There are certain tools that we could use but I need to know details. Get in touch with a pm and will see from there.
My observation may be wrong but intent correct. Stay calm!
Quoting nikosk0
{quote} retail is buying usd still. {quote} and retail added numerous sorts i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know {image} {image} {image} {image}
It's always useful to see the actual data isn't it
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting nAVIN2007
{quote} Your fib is the wrong way round, its obviously not retrace 61.8 that way up
thank you for your attention
...and 38.2 retrace that way???

"my point"
I like to have "100" on the top and "0" on the bottom.., but sometime I draw "upside down".., doesn't matter
because it's doesn't change anything,
(as I use...) all the levels (between "0"and "100"):
9&91,
14.6&85.4
23.6&76.4
38.2&61,8
are symmetrical with respect to 50
I do draw fib for several reasons and we could discuss it if you could tell me your point of view
if you are not interested,no problem,
thank you anyway



P.S. I have received already same notice from

Quoting Headland
{quote} Your fibs are upside down lol - you start at 100 and go to zero when plotting them - so actually it's 76.4% (no practical difference I know as 100-76.4% is 23.6%.) but just for accuracy's sake.
we are talking about only replacement of numbers (levels?)??
my apology if my "fib drawings" are so glaring to your eyes
sorry
dolce vita
Quoting nikosk0
{quote} retail is buying usd still. {quote} and retail added numerous sorts i only wish i could make some type of histogram with those metrics. if anyone knows how to code let me know {image} {image} {image} {image}
I'm working on it....but better lines then hystogram ...my indicator will plot mean value
its not a miss but flatlining at record highs
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  •  W0lfram
  • Joined Dec 2020 | Status: Crossed over into the Twilight Zone | 1,191 Posts | Online Now
Quoting Bones
{quote} dark cloud is two candle thats why it matters your wrong ,honestly I'm dealing with a imbecile {image}
As I said, logic has more weight than a 'experienced' noname with pictures. Make more collages.

Please, read one more time, braindead 2007 guy.
Quote
schematic illustration of it, but is was not a complete set of what this pattern may looks like. In real life, the patterns do not have to look exactly like in the search results
Fade to black
Update COT
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Quoting helioss
Update COT {image}
the COT showing both USD and GBP as long.. let’s see who has the strength
Quoting helioss
Update COT {image}

You are very smart & intelligent Excellect dashbord in excel just enter data and get the right analysis ...just would like to know is it how accurate it is ???
i am so stubborn sometime
the trend was changed but i was fixed that it's going down
trade the chart , not what you think
last high was broken up
price got above the band
price broke descending trendline
take long stupide
all profit of the week gone , back to squire 1 , 150 $
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hey everyone
I hope you're having a great weekend
If you're not, watch this to instantly feel calm and positive

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TESTING MY STRATEGIES...
Quoting Moty
i am so stubborn sometime the trend was changed but i was fixed that it's going down trade the chart , not what you think last high was broken up price got above the band price broke descending trendline take long stupide all profit of the week gone , back to squire 1 , 150 $ {image}

dont beat yourself bro, try to figure out why u thought it would go down?..then tell me why you think buy here might be risky or not? Interested to know your thoughts

To me it is not clear cut, price is right at resistance but it does appear that the momentum is up, as the immediate downtrend may have changed
Notice the blue line is thicker? This is my thor hammer LOL
The interesting thing is USD got weaker but GBP did not gain to much, still fightning 1.41, euro is 1.21 approx Perhaps £ is already strong. I have not idea
Thoughts, counter arguments welcome? ..what yah thinking tony?
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Quoting Moty
i am so stubborn sometime the trend was changed but i was fixed that it's going down trade the chart , not what you think last high was broken up price got above the band price broke descending trendline take long stupide all profit of the week gone , back to squire 1 , 150 $ {image}
Price still respected the broken 1.4000 after many times test
I dont think price will down quite fast .if the price still mear the key and not conyinues more .maybe we cam see back below it
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting Moty
i am so stubborn sometime the trend was changed but i was fixed that it's going down trade the chart , not what you think last high was broken up price got above the band price broke descending trendline take long stupide all profit of the week gone , back to squire 1 , 150 $ {image}
The problem is you are trying to be in every move...you can't catch 20 different trades a week, both up and down...and be right with all of them. And even be profitable with all of them...this can't work long term! Make a plan ahead of each week and wait for certain trades you expect, if they don't come, keep waiting. This is the only thing that will work on a year to year basis, long term. And it will be less stressful, too. You trade high leverage, so WAIT FOR THE CLEAR PATTERNS, don't predict every single trade from the 5m chart.
Everyone can see the chart, but only a few can actually read it.
Still looks a rising wedge to me.
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Quoting babayaga
{quote} thank you for your attention ...and 38.2 retrace that way??? "my point" I like to have "100" on the top and "0" on the bottom.., but sometime I draw "upside down".., doesn't matter because it's doesn't change anything, (as I use...) all the levels (between "0"and "100"): 9&91, 14.6&85.4 23.6&76.4 38.2&61,8 are symmetrical with respect to 50 I do draw fib for several reasons and we could discuss it if you could tell me your point of view if you are not interested,no problem, thank you anyway ...
It does not really matter that much, most of the time u think it maybea fib but its support or resistance..I was just pointing it out incase u were not aware
Quoting Moty
i am so stubborn sometime the trend was changed but i was fixed that it's going down trade the chart , not what you think last high was broken up price got above the band price broke descending trendline take long stupide all profit of the week gone , back to squire 1 , 150 $ {image}
Don't beat yourself up! I spent a few hours studying Fridays price action and comparing it to my rules/methodology and counted three very clear bullish signals and opportunities to get long that I was blinded to at the time. It happens, what matters is to be aware of your limitations and be prepared for the next time it happens. I like to just grab a handful of quick scalps whilst leaving small runners and not over-commit to the daily direction so you can still profit when you're wrong about the direction..it is more than enough to live on
Quoting OnlineAddict
{quote} The problem is you are trying to be in every move...you can't catch 20 different trades a week, both up and down...and be right with all of them. And even be profitable with all of them...this can't work long term! Make a plan ahead of each week and wait for certain trades you expect, if they don't come, keep waiting. This is the only thing that will work on a year to year basis, long term. And it will be less stressful, too. You trade high leverage, so WAIT FOR THE CLEAR PATTERNS, don't predict every single trade from the 5m chart.
That’s great advice OA, it’s been a rough two weeks for me and it comes down to overtrading, for months I’ve been taking only 1-3 trades a week, occasionally none, and since joining FF I have been trading far more - not blaming FF of course as I’m entirely responsible for the trades I put on, but it is easy to read these posts and get carried away by all the ‘opportunities’ and trades others are putting on. In poker game selection is the most important factor to being consistently profitable, you can be average and still make money over time if you only select games with players worse than you, and you can be great and consistently lose money if you only play experts. For me, it’s the easy trades that used to get my attention and everything else was filtered out - hence my tagline. Back to the old ways!
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