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Cable Update (GBPUSD)

  • #598,521
  • May 30, 2021 2:16am May 30, 2021 2:16am
Quoting traderock
{quote} If EG drop so GU will be to the upside.
Price below 1.403 is a good point for to sell. While the price stay above, not is good try to sell.

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  • #598,522
  • May 30, 2021 2:19am May 30, 2021 2:19am
[quote = palpx; 13559893] {quote} Hăy nghĩ xem, nếu EURGBP giảm. Bán hay mua GBP là tốt hơn? {image} [/ quote]
Hope the chart below will answer your question.
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  • #598,523
  • May 30, 2021 2:23am May 30, 2021 2:23am
[quote = Sang.Real; 13559891] Chào buổi sáng Chúc tôi may mắn giành chiến thắng trong cuộc đua hôm nay. Cuộc đua ngày hôm qua chỉ giành được vị trí thứ 5. p / s lạc đà đi trước từ chối đeo mặt nạ ... anh chàng cứng đầu! {image} [/ quote]
why are all the racing camels wearing masks and yours doesn't? or did he get a vaccine like stoploss?
  • #598,524
  • May 30, 2021 2:31am May 30, 2021 2:31am
i am not sure if it is the right time to sell cable
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  • #598,525
  • May 30, 2021 2:45am May 30, 2021 2:45am
Depends on what you mean sell. If you are looking at a longer term short than as long as we don’t see over 14230 it should be ok. From a intraday/scalping mindset having seen 142 rejected a few times there is potentially a chance it will drop to the mid 141 areas. Either to refuel for an up trend or stay within range. Below 14130 opens up the chance for a drop towards 14080 area which might be then next support area.
Insane in the Brain..
  • #598,526
  • May 30, 2021 3:15am May 30, 2021 3:15am
Quoting BeeTogether
Depends on what you mean sell. If you are looking at a longer term short than as long as we don’t see over 14230 it should be ok. From a intraday/scalping mindset having seen 142 rejected a few times there is potentially a chance it will drop to the mid 141 areas. Either to refuel for an up trend or stay within range. Below 14130 opens up the chance for a drop towards 14080 area which might be then next support area.
excellent view
  • #598,527
  • May 30, 2021 4:44am May 30, 2021 4:44am
Quoting PatienceFx
i am not sure if it is the right time to sell cable {image}
1.4312 - 1.4370 is the next destination. Sellers may need to wait before 1.36 will be touched.
Data + Stat + Risk/Emotions Management
  • #598,528
  • Edited 6:20am May 30, 2021 6:03am | Edited 6:20am
Quoting Ihlas
{quote} I appreciate what you have written here. As I see you have developed your own system. From my 4-5 months studies on charts I have seen two large cycles on 5M TF and 1 micro cycle on 1M TF. I don't know if you pay attentions to small details, but looking at the smaller timeframes can give the edge and market direction bias exactly. My accumulation/distribution cycle observation has finished and it was mostly right. But trending forecasts were mostly wrong (Now it will be right too). Now GU has started accumulation/distribution phase....
Ihlas, thank you for your interess to this old trading technique.GU just ended the distribution phase.From 1.41 to 1.42300 it's full distribution, now is going back to 1.39 where the accumulation who pushed the market at this levels ended.Accumulation range 1.38-1.39, but won't trade back into that accumulation to let the trapped traders, TRAPPED !!!.Will trade starting from the top of that range aka 1.39 and will go higher.
I only watch tick data.Because what you don't see on the smallest of the chart timeframes aka M1 is the distribution of the volume at micro levels.Never used charts , everything is on a vertical scale to me, my market and my levels look like this.You can clearly see the same old mechanism.Trapping traders into trading volume(accumulation range) and running out from them with a mark up , looking a higher range to start the distribution.The cycle is an infinite loop.Who control the cycle ,control the distribution of wealth in the market.Who can track this type of tactic can take a small portion of it.This is going to happen on different scales(ranges),in the picture the accumulation range has only 8 pips , the market trap a few scalpers and run away of them 19 pips ,2x time the accumulation.
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  • #598,529
  • May 30, 2021 6:46am May 30, 2021 6:46am
Quoting Pipa1
{quote} Ihlas, thank you for your interess to this old trading technique.GU just ended the distribution phase.From 1.41 to 1.42300 it's full distribution, now is going back to 1.39 where the accumulation who pushed the market at this levels ended.Accumulation range 1.38-1.39, but won't trade back into that accumulation to let the trapped traders, TRAPPED !!!.Will trade starting from the top of that range aka 1.39 and will go higher. I only watch tick data.Because what you don't see on the smallest of the chart timeframes aka M1 is the distribution...
really could do with the major drop! However shouldn’t we have hit those low levels already?
Insane in the Brain..
  • #598,530
  • May 30, 2021 6:52am May 30, 2021 6:52am
I think it will make HH before drop.
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  • #598,531
  • Edited 7:26am May 30, 2021 7:14am | Edited 7:26am
Quoting BeeTogether
{quote} really could do with the major drop! However shouldn’t we have hit those low levels already?
The party is about to begin.We traded in 100 pips range for 10 days.Friday was another retest of Distribution volume POC 1.41900.If not a gap down on the open, a major drop 100%.Now we have tons of longs above 1.41.I don't trade the "planetary cycles"
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #598,532
  • May 30, 2021 7:51am May 30, 2021 7:51am
Quoting Pipa1
{quote} Ihlas, thank you for your interess to this old trading technique.GU just ended the distribution phase.From 1.41 to 1.42300 it's full distribution, now is going back to 1.39 where the accumulation who pushed the market at this levels ended.Accumulation range 1.38-1.39, but won't trade back into that accumulation to let the trapped traders, TRAPPED !!!.Will trade starting from the top of that range aka 1.39 and will go higher. I only watch tick data.Because what you don't see on the smallest of the chart timeframes aka M1 is the distribution...
Thank you for your time Pipa. Hope we will continue fruitful discussion.
  • #598,533
  • May 30, 2021 8:30am May 30, 2021 8:30am
Quoting Ihlas
{quote} Thank you for your time Pipa. Hope we will continue fruitful discussion.
One day i'll show you how the market is traded at micro level(live).Most traders trade the weekly chart where i maybe am focused on the spread chart.I give you a link of a full interview of a well known bad dog in trading industry John "Rambo" Moulton, about how the spread is gonna change when the market hit important levels or topping out. https://www.youtube.com/watch?v=EkRw6NC0Jew
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  • #598,534
  • May 30, 2021 9:01am May 30, 2021 9:01am
Quoting Pipa1
{quote} One day i'll show you how the market is traded at micro level(live).Most traders trade the weekly chart where i maybe am focused on the spread chart.I give you a link of a full interview of a well known bad dog in trading industry John "Rambo" Moulton, about how the spread is gonna change when the market hit important levels or topping out. https://www.youtube.com/watch?v=EkRw6NC0Jew{image}

I will be glad to look at your live trades and learn something. I also believe that market is driven from important levels. The difference is that I find those levels looking on the chart.
About spread: I read about spread changes from CJ's thread. He used spread changes when the market hits the important levels. But I haven't put energy what he was talking about. But I will study it further.
Currently I'm busy with my own method that finds reversal levels and daily levels exactly. What I'm studying and developing shows me that market is very well balanced and it has daily, weekly priorities.
Thank you for your time. I will look at the video.
Good luck
  • #598,535
  • May 30, 2021 9:17am May 30, 2021 9:17am
Quoting Ihlas
{quote} I will be glad to look at your live trades and learn something.
Not how i trade live ,but how the market is traded live.I am not important, the market is.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #598,536
  • May 30, 2021 9:21am May 30, 2021 9:21am
Quoting Pipa1
{quote} Not how i trade live ,but how the market is traded live.I am not important, the market is.
Haha, now I reread your first sentence from the above now I got it. My mistake. Thanks
  • #598,537
  • Edited 11:29am May 30, 2021 11:18am | Edited 11:29am
Quoting Pipa1
{quote} One day i'll show you how the market is traded at micro level(live).Most traders trade the weekly chart where i maybe am focused on the spread chart.I give you a link of a full interview of a well known bad dog in trading industry John "Rambo" Moulton, about how the spread is gonna change when the market hit important levels or topping out. https://www.youtube.com/watch?v=EkRw6NC0Jew{image}
Thank you for sharing, that interview was fascinating and has intrigued me about trading the spread. Rambo is an awesome human being and trader! I am currently reading The Master and His Emissary by Iain McGilchrist and love Rambo’s descriptions of listening to the market and being in the now moment; TMAHE is about our split brains and how we’ve come to this misguided belief that the left brain is superior to the right whereas thought starts in the right brain (The Master) is then given to the left brain which acts as emissary, finding details, and then ends with the right brain which is whole-oriented and really free from categories and dogma. The right brain is often superior to the left (although both are needed of course) and the left brain is kind of idiotic when given control. Iain McGilchrist suggests that the proper relationship is where the right brain is Master and the left brain in a support role, although culturally we seem to have things backwards; listening to Rambo speak it is really clear that his right brain is in charge in trading and in life, and he’s not afraid to shut down the reality gap created by left brain logic, and yet he can use logic creatively to assist his trading.
  • #598,538
  • May 30, 2021 11:19am May 30, 2021 11:19am
Quoting Pipa1
{quote} The party is about to begin.We traded in 100 pips range for 10 days.Friday was another retest of Distribution volume POC 1.41900.If not a gap down on the open, a major drop 100%.Now we have tons of longs above 1.41.I don't trade the "planetary cycles"
I fully agree....although it may not happen until June 1.
They want this monthly candle to hover around 1.4180 - 1.4200.
However, I will short when I get a double top confirmation at 1.4233 tomorrow.
Lost....
  • #598,539
  • May 30, 2021 11:27am May 30, 2021 11:27am
Cable can't reverse unless it hits 1.42600. I have three factors so, is almost guaranteed to hit that level. Just from my point of view. Let's see what market gives to us
  • #598,540
  • May 30, 2021 12:16pm May 30, 2021 12:16pm
Quoting Ihlas
Cable can't reverse unless it hits 1.42600. I have three factors so, is almost guaranteed to hit that level. Just from my point of view. Let's see what market gives to us
Really ? Guarantee with what ? There's no is sure thing in this market i think..
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