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Cable Update (GBPUSD)

  • #600,281
  • Jun 6, 2021 6:48am Jun 6, 2021 6:48am
Quoting simnz
{quote} Both are hustlers. I agree. Both have commercial agendas. It is a marketing technique of playing on fear and greed popular since ages. Caveat Emptor (buyers beware) is blinded by the strong feelings of fear and greed. I was just testing the way FF members get wedded to their own opinion and then how they go out all out to waste their energy in proving each other wrong without ever thinking whether it is humanly possible or not. Since I have no agenda, I am not going to produce my trading record, but I will show you the logic of accepting...
I don't watch and listen to Charlatan traders. That is all they are, they have followers and that is it. I am not follower. Actually Anton Kreil and his institute of trading and other professional trader, they are all legit. You just have to do a big of digging and you will see that they all have been traders at banks and institutions for years. So no I would not say that Anton is hustling. And their education that they offer is real, is how real institutional professional traders trade. But the problem is probably 99% of traders here on FF have that retail mind set and most likely will be stuck there, and unfortunately will never make a living from trading. They will just struggle the whole time wondering what happened, how come they are trying everything and not making money. Start by understanding that you can't turn $40,000 into $465,000 in couple of hours. Thinking to trade big money on a one minute chart and that is that, it ain't that easy and it won't happen. Also traders need to understand that you are not market makers and you will never be able to trade like them. But there are ways to do it, so for us retail traders from home, is better to learn macro trading and apply it into trading. It does, work, you just have to do research and keep the information into your excel or other.
  • #600,282
  • Jun 6, 2021 6:54am Jun 6, 2021 6:54am
Quoting SCopier
Its still weekend guys It can be up or down on Monday but I saw price on preparing for the down side Here my view {image}or {image}
the big downside trend is due soon. Possible rise to the resistance level over 14220 and then boom..
Insane in the Brain..
  • #600,283
  • Jun 6, 2021 7:02am Jun 6, 2021 7:02am
Market Sentiment June 2021

Looking at Daily charts mostly.

GBP Index - Bullish
US Dollar Index - Bearish

Bonds:
US 10Y T-Note - Bearish
US 10Y Bond - Bearish
US 5Y - Bearish

Commodities:
A glance at the performance table reveals that most commodities are bullish.
CRB commodity Index (CRY:IND) - Bullish
Gold - Bullish

Equities:
S&P 500 - Bullish
Nasdaq Comp & 100 - Bullish
VIX - Low

Conclusion:
Markets are risk-on as money is flowing out of safe assets into riskier assets, as the US Dollar is considered a safe asset (maybe not so much anymore) this could mean GBP will climb however it may continue to range - at least I cannot see bears entering in a strong way in the near future, certainly not a trend reversal - but anything can happen.
  • #600,284
  • Jun 6, 2021 7:11am Jun 6, 2021 7:11am
Just remembered a story of some mentor, called ICT, who craped himself up with proving he is a profitable trader using his own methods. It was somewhere on BabyPips.
But he make a living from mentoring. ¯\_(ツ)_/¯
Air force
  • #600,285
  • Jun 6, 2021 7:19am Jun 6, 2021 7:19am
Quoting Georginson
FIRST 9 TRADE DAYS OF LAST 12 MONTHS STATISTICS 488 pips, 311, 205, 720, 263, 460, 405, 260, 302, 240, 250 and 365pips FIRST 9 TRADE DAYS Minimum: 205 Average: 462 Maximum:720 Most repeated: 205 - 260 pips JUNE 2021 FIRST 9 DAYS SCENARIOS (7th to 11th June) 1.4083 + 205 = 1.4288 1.4083 + 240 = 1.4323 1.4083 + 260 = 1.4343 1.4249 - 205 = 1.4044 1.4249 - 240 = 1.4009 1.4249 - 260 = 1.3989 THIS WEEK MOST DEFINITE PRICES ARE: 1.4288 or 1.4049 (90% chance) 1.4323 or 1.4009 (60% chance) 1.4343 or 1.3989 (20% chance) KEY LEVELS TO EXPOSE 1.4288 OR 1.4044...
I really appreciate the way @Georginson shares his statistical approach to the markets. Gives a lot of great insight. Keep up the great work man.

Would like to confirm what informs the reference prices. As in where 1.4083 and 1.4249 is taken from; and last but not least, how we arrive at the 90%, 60% and 20% estimations.

Much Respect,
PA Supreme
  • #600,286
  • Jun 6, 2021 7:24am Jun 6, 2021 7:24am
gbp / cad.
i think there will be a good chance of a southward correction on monday.
d1.
  • #600,287
  • Jun 6, 2021 7:33am Jun 6, 2021 7:33am
Quoting PASupreme
{quote} I really appreciate the way @Georginson shares his statistical approach to the markets. Gives a lot of great insight. Keep up the great work man. Would like to confirm what informs the reference prices. As in where 1.4083 and 1.4249 is taken from; and last but not least, how we arrive at the 90%, 60% and 20% estimations. Much Respect, PA Supreme
Thanks for the feedback on the research posted.

1.4083 and 1.4249 were the high and low prices of last week being the first 4 trade days in June 2021, so I added and subtracted 205 pips to these prices which gave 1.4388 and/or 1.4044.

205 pips is the lowest range of the last first 9 trade days of the last 12 months (1 year)

The 90%, 60% and 20% chances were given based on the number of repetition and ease of attainment of smaller ranges instead of bigger ranges. In summary it is easier to see 205 pips range in the first 9 trade days than it is to see 720 pips range in the first 9 trade days.
Data + Stat + Risk/Emotions Management
  • #600,288
  • Jun 6, 2021 9:01am Jun 6, 2021 9:01am
Quoting PASupreme
{quote} I really appreciate the way @Georginson shares his statistical approach to the markets. Gives a lot of great insight. Keep up the great work man. Would like to confirm what informs the reference prices. As in where 1.4083 and 1.4249 is taken from; and last but not least, how we arrive at the 90%, 60% and 20% estimations. Much Respect, PA Supreme
You can derive it using quantiles, i.e. dividing sample into equal-sized subgroups. And interpret this as a chance to see a certain range
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Air force
  • #600,289
  • Jun 6, 2021 12:29pm Jun 6, 2021 12:29pm
lol , market is never be right so ( play ur) winner winner chicken dinner
  • #600,290
  • Jun 6, 2021 1:37pm Jun 6, 2021 1:37pm
i am ready for the new trading week with 6 new system , 5 technical and 1 based on news trading that i will reveal on Tuesday at the 1st big news of the week
come on crooks mf , i ready to take you down
no more dx , no more eg , just and only gu
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yes yes yes
  • #600,291
  • Jun 6, 2021 2:23pm Jun 6, 2021 2:23pm
Quoting Moty
i am ready for the new trading week with 6 new system , 5 technical and 1 based on news trading that i will reveal on Tuesday at the 1st big news of the week come on crooks mf , i ready to take you down no more dx , no more eg , just and only gu {image}
looks good moty
just my 2 pence
no need for indicators etc
all you need is key lvls and flows
anyway to each their own

my best trading came from trading like a bank
just pure PA

wish you a profitable week
  • #600,292
  • Jun 6, 2021 2:30pm Jun 6, 2021 2:30pm
Quoting SCopier
Its still weekend guys It can be up or down on Monday but I saw price on preparing for the down side Here my view {image}or {image}

Thanks SCopier,

Am looking and analyzing same chart with identical set up.

But I've a bit of twist to the manipulation zone before the price moves to the intended direction.

Part of trading is to manipulate market participant to move into wrong direction and take out SL.

Just my one cent view to share. Have to be confirmed with Price Action when price reached those marked zones.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #600,293
  • Jun 6, 2021 2:44pm Jun 6, 2021 2:44pm
Quoting Pat Chiko
{quote} Thanks SCopier, Am looking and analyzing same chart with identical set up. But I've a bit of twist to the manipulation zone before the price moves to the intended direction. Part of trading is to manipulate market participant to move into wrong direction and take out SL. Just my one cent view to share. Have to be confirmed with Price Action when price reached those marked zones. {image}
You realy are Sang...
  • #600,294
  • Jun 6, 2021 2:56pm Jun 6, 2021 2:56pm
1.43800 this month
  • #600,295
  • Jun 6, 2021 3:01pm Jun 6, 2021 3:01pm
I hope the bears run the market on the first day of the week
Lost in Narrative
  • #600,296
  • Jun 6, 2021 3:25pm Jun 6, 2021 3:25pm
Quoting R4sh
I hope the bears run the market on the first day of the week
hope is the worst trading strategy
My Currency is Urgency
  • #600,297
  • Jun 6, 2021 3:29pm Jun 6, 2021 3:29pm
Quoting Ihlas
1.43800 this month
3950 this month
Everyone can see the chart, but only a few can actually read it.
  • #600,298
  • Jun 6, 2021 3:41pm Jun 6, 2021 3:41pm
Quoting OnlineAddict
{quote} 3950 this month
Agree a quick rise 14220 area before a drop down all the way to 13950-14000
Insane in the Brain..
  • #600,299
  • Jun 6, 2021 3:41pm Jun 6, 2021 3:41pm
Here's my technical perspective on the GBPUSD. I'm a swing trader. Although the GBPUSD technical bullish structure is still intact, price action on the daily time frame is in a sideways mode. The market is tackling the multi-year horizontal resistance at the 1.41460/1.43370 zone (red). Last Friday, price action printed a bullish candlestick which, in real sense, is an inside-bar to the bearish candlestick printed on Thursday. Technically, the market is ambivalent owing to increased bearish pressure. Nevertheless, we cannot rule out some bullish move for liquidity grab northward before any daring bearish drive.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #600,300
  • Jun 6, 2021 4:26pm Jun 6, 2021 4:26pm
Spread too big at the moment, but suspect these highs will be tested
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Don't trade what you think. Just what you see!!!
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