Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#610,301
Jul 17, 2021 11:06pm Jul 17, 2021 11:06pm

AnfieldLife
| Joined Dec 2019 | Status: Trader | 31 Posts

In my head is bear but we need more confirmed next week. Trade safe all bros

#610,302
Jul 18, 2021 12:36am Jul 18, 2021 12:36am

MTF Test
Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts

I see this for next week. More towards to south.

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Fools Rushing

#610,303
Jul 18, 2021 1:49am Jul 18, 2021 1:49am

Nala66
Joined Mar 2016 | Status: Trader | 6,383 Posts

Quoting MTF Test

Disliked

I see this for next week. More towards to south. {image}

Ignored

We could draw lines like this all day long but they mean little to nothing. They are just lines you have drawn in the sand.

Why not like this...

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#610,304
Jul 18, 2021 3:48am Jul 18, 2021 3:48am

tiborf71
Joined Apr 2011 | Status: survivor | 4,131 Posts

Quoting Nala66

Disliked

{quote} We could draw lines like this all day long but they mean little to nothing. They are just lines you have drawn in the sand. Why not like this... {image}

Ignored

so I don’t even use trend lines because it’s just an illusion.

#610,305
Jul 18, 2021 4:01am Jul 18, 2021 4:01am

iqyu5an
Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts

Waterfall

not euphoria follower

#610,306
Jul 18, 2021 4:26am Jul 18, 2021 4:26am

Whale
Joined Jun 2013 | Status: Trader | 14,547 Posts

Quoting Nala66

Disliked

{quote} We could draw lines like this all day long but they mean little to nothing. They are just lines you have drawn in the sand. Why not like this... {image}

Ignored

LOL, one of the best.

#610,307
Jul 18, 2021 4:32am Jul 18, 2021 4:32am

iqyu5an
Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts

Quoting MTF Test

Disliked

I see this for next week. More towards to south. {image}

Ignored

Confirmed Bearish + 3 black crow

not euphoria follower

#610,308
Jul 18, 2021 4:43am Jul 18, 2021 4:43am

Houtbay
Joined Nov 2020 | Status: Trader | 4,573 Posts

The Gbpusd chart presents on all time frames
Initially a move upwards a few hundred pips sucking in buyers and then a sharp sell off downwards.

#610,309
Jul 18, 2021 4:52am Jul 18, 2021 4:52am

ChiForex
Joined Jan 2019 | Status: Trader | 2,812 Posts

As I said at start of month, GU would not rest before hitting at least around 1.3700 this month, it reached 1.3730s many times so far, which makes 1.3700 vulnerable to break some 20-30 pips but the main struggle for bears vs bulls is keeping price basing below 1.3700 for some 100-150 pips more fall. Watch that carefully guys.

My technical analysis leading trades depend on Daily/Weekly/Monthly Chart

#610,310
Jul 18, 2021 4:58am Jul 18, 2021 4:58am

Houtbay
Joined Nov 2020 | Status: Trader | 4,573 Posts

Price should fall past the levels chiforex specifies

#610,311
Jul 18, 2021 5:12am Jul 18, 2021 5:12am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting MTF Test

Disliked

I see this for next week. More towards to south. {image}

Ignored

loving your charts..I feel u are moving in the right direction in terms of how u analyse your charts..more accurate trendlines and general approach to trading

#610,312
Jul 18, 2021 5:38am Jul 18, 2021 5:38am

Houtbay
Joined Nov 2020 | Status: Trader | 4,573 Posts

This week the general trend will be down, next week the trend will be up again.

#610,313
Jul 18, 2021 6:09am Jul 18, 2021 6:09am

superamigo
| Joined Jul 2021 | Status: Swinger Member | 184 Posts

Attached Image

Future Capital

Va

Present Capital

Ap

deposits or frequent withdrawals from shorter periods

As

deposits or withdrawals from longer periods

i

expected rate

n

period numbers

p

period indicator if p =1 then n = 1 month , if p = 12 then n = 1 year.

q

deposits or frequent withdrawals from shorter periods indicator if q=1 deposits or withdrawals each month if q=6 deposits or withdrawals each 6 month

m

deposits or frequent withdrawals from longer periods indicator if m=2 deposits or withdrawals each 2 month if q=12 deposits or withdrawals each 12 month

r

remainder from n / (q/p)

s

remainder from n / (m/p)

t

r-s= t

For those who are interested in calculating the possible capital in the future in relation to the past return there is the formula.

#610,314
Jul 18, 2021 6:12am Jul 18, 2021 6:12am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting MTF Test

Disliked

I see this for next week. More towards to south. {image}

Ignored

Quoting Nala66

Disliked

{quote} We could draw lines like this all day long but they mean little to nothing. They are just lines you have drawn in the sand. Why not like this... {image}

Ignored

Both of you have points in presenting the Channel/trendline.
All those statements are valid from a particular perspective each one.

But as for me, I do know channels can be traded off in a thousand of different ways depending on the price structure..
I think that finished patterns are only reference points and that one should not trade them.

For me, patterns are reference points, I do know that market participants spent a considerable amount of time negotiating these prices, therefore the volume present at these levels (and the liquidity) was important.

After price leaves a range within the TL, that means that participants do not have more interest on that price area.
That there will be more open interest outside it and, if the net position is contrarian to the initial movement, the channel should not hold, since that area was already traded recently and, therefore, low in terms of liquidity.

My 2 pips count.

Good luck with your trade.

PAT

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#610,315
Jul 18, 2021 6:18am Jul 18, 2021 6:18am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting iqyu5an

Disliked

{quote} Confirmed Bearish + 3 black crow

Ignored

Regarding patterns and probability.
The pattern you mentioned above, is the sequence you define.
Data visualization can be numerical and/or visual; therefore you can find patterns on charts and expect them to repeat in the future.

This approach is merely probabilistic, you could see the frequency of certain events to occur. How often it occurs what percentage of those pattern are successfully executed.

Then you can estimate the compound probability for a pattern to occur n consecutive times and then, maybe, going against that pattern when the compound probability is lower than 5%.

This could be useful if you consider that your market is purely random and that the events are not connected.

That's my 2 pips view only.
Trade Safe & Wish you all the best

PAT

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#610,316
Jul 18, 2021 6:41am Jul 18, 2021 6:41am

ayoayo
| Joined Mar 2016 | Status: Trader | 98 Posts

Quoting Pat Chiko

Disliked

{quote} It's a good question. Price will often come back to revisit untested levels. So, these are levels that price is most likely to reach on its way up or down, & where it is most likely to turn around. As for untested demand zone (same as Support zone) price hasn't revisited the levels since it last left them, If look to the left (from price's current location) and up to find the next supply level, and down for the next demand level. We know the market moves between supply and demand, and this knowledge can help us in terms of where to enter...

Ignored

Thank you for your help. With this am sure we get a better understanding of what you are trying to convey as you kindly share your trade entry and exits with us. And again if you have the time you may share your beginning of the week charts for daily and intraday as it will help in following up.
Thank you and regards

#610,317
Jul 18, 2021 7:22am Jul 18, 2021 7:22am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Weekend activities

From the Tree/ my orchard

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Send it back Home

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To the plate

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then...Durian Day Done.

What do you do over the weekends ?

Best wishes to all.

PAT

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#610,318
Edited 7:37am Jul 18, 2021 7:27am | Edited 7:37am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting ayoayo

Disliked

{quote} Thank you for your help. With this am sure we get a better understanding of what you are trying to convey as you kindly share your trade entry and exits with us. And again if you have the time you may share your beginning of the week charts for daily and intraday as it will help in following up. Thank you and regards

Ignored

No.

As long as the chart is not moving, I cannot predict anything.

I'm scalper, day trader, not swing.
Within trading week, price may go down and up for hundred of pips.
As scalper, I just capitalize on those movement.
For me there's no bull or bear. If the set up show me short, I sell and vice versa.

Scalp entry, if wronged, cut losses, if right let it go to the next S&R/S&D level.

Simple and effective.

Have nice weekends.

PAT

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104