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Cable Update (GBPUSD)

  • #622,921
  • Sep 11, 2021 3:20am Sep 11, 2021 3:20am
Quoting fxmasterdxb
I will be looking forward to buy GU next week around 1.3820 Enjoy the weekend fellow traders
That's my pending buy area
  • #622,922
  • Sep 11, 2021 3:24am Sep 11, 2021 3:24am
Quoting Bakker
Does the gravestone doji on daily tells you nothing?? This a shocker. Gbp will open with a gap down on Monday. Reason? Weekly ended bar 7 in a red pin and since daily ended in gravestone doji, chances are just too good for GBP not fall. As I've said in previous post, this week's candle retreated from almost the same high as previous week. 1.3899 is a huge resistance area, look back on the weekly chart, only 2 weeks out of a range of 12 were able to break above that line. Gbp is as exhausted to the upside as can be.
Dual sign on the weekend. Doji Daily and Hanging Man Weekly
not euphoria follower
  • #622,923
  • Edited 3:39am Sep 11, 2021 3:27am | Edited 3:39am
The DOLLAR has started its move higher, it took some time to gather momentum but it's on its way for sure. Turning higher against the CHF, CAD and YEN, so why will GBP, EUR and AUD not go down??
I don't want to brag, but I call the drop in the DOW and DAX futures 3 in a row correctly, early in the day futures ran high in positive area, but my indicators told me "wait for the US session" and bang! there it goes. On DAX 80p on 7th, 100+ on 8th and 100+ yesterday!!

Correction: It wasn't actually three in a row, I didn't make a call on 9th.
  • #622,924
  • Sep 11, 2021 3:29am Sep 11, 2021 3:29am
Inserted Video
not euphoria follower
  • #622,925
  • Sep 11, 2021 3:36am Sep 11, 2021 3:36am
Quoting fxmasterdxb
{quote} Lets see, for me I think EU will drop a little further, probably to 1.1785 before aggressive bull action
I agree on EU using W1 and D1. Though D1 somewhat confuses with the up flow. I would expect to wait and trade up till 1.2 and subsequent crash to 1.16
  • #622,926
  • Sep 11, 2021 3:37am Sep 11, 2021 3:37am
GJ has been really messy. W1 clearly downtrend with D1 countering it seriously
  • #622,927
  • Sep 11, 2021 4:20am Sep 11, 2021 4:20am
Quoting Nd10
GJ has been really messy. W1 clearly downtrend with D1 countering it seriously
JPY : underpressure mode
not euphoria follower
  • #622,928
  • Sep 11, 2021 4:29am Sep 11, 2021 4:29am
Quoting hasib
{quote} Hi Buddy My trading improve when I started to keep an eye on Daily chart. Daily chart filter out most of the noise.
Thanks for your input. means that your looking at the Daily for Structure. right ? So, the decisions will be based on daily. am i right here ?
Fools Rushing
  • #622,929
  • Sep 11, 2021 4:55am Sep 11, 2021 4:55am
Quoting hasib
{quote} Hi Buddy My trading improve when I started to keep an eye on Daily chart. Daily chart filter out most of the noise.

The tf you trade determines the type of trader you want to be.

daily profit 15-1hr
weekly 4hrs-daily
monthly 4hrs-daily
3months daily-weekly
MY OPINION NOT FINANCIAL ADVISE
  • #622,930
  • Sep 11, 2021 5:01am Sep 11, 2021 5:01am
Quoting bilal1947
{quote} not yet, is it availabe on youtube? as per ICT 80,20,50,00 are important numbers.
Yes, Gday fx video is available on Youtube.
  • #622,931
  • Edited 5:27am Sep 11, 2021 5:07am | Edited 5:27am
Quoting MTF Test
{quote} Thanks for your input. means that your looking at the Daily for Structure. right ? So, the decisions will be based on daily. am i right here ?
Hi MTF

Daily bais is not very easy to me, why?

even i know where price will go next it wont immediately go there, but makes 3-4 days small body candles and on day 5 it moves similarly in next week only two days will give good move rest three only ranging or small bodies only break previous day with small range.

so in these small daily candle days, there are mainly four session's (not considering frankfurt)
- asian, london, newyork and london close and in all these session price moves in opposite directions to take out both the sides.

Due to which in ranging days one gets so irritated with against moves, and totally forget the order flow and even miss the main moves at times.

Big funds/position/swing trader, having bigger pockets, can hold for a draw down attached to their bias based on fundamentals and COT, since they have bigger pockets retailers may not be able to hold a draw down trades specifically myself. and for that a retailer has to be excellent in his position size and best at scalping intra day.

hope others will share how they make their daily bias considering different sessions

regards
bilal
"Exchange of hands"
  • #622,932
  • Sep 11, 2021 5:10am Sep 11, 2021 5:10am
Quoting ServerUang
{quote} Hallo Moty and hoda drain the bank... here is my screen shot of GbpUsd and UsdCad before the market closes. See you next Monday. ServerUang {image} {image}
yes, next Monday we would like to see your performance and you must show your profit at the end of day.

Remember, I am not your enemy.

Wishing you good luck in whatever you do, May Joy and Happiness be with you. May Peace and Love fill your days, and I hope that you win every Race.
Good Luck to you.
Intraday Trading is an Art _ hoda
  • #622,933
  • Sep 11, 2021 5:13am Sep 11, 2021 5:13am
Quoting Georginson
Weekly high 1.3888 versus 1.3880 forecasted High (-8 pips difference) Weekly Low 1.3726 versus 1.3630 forecasted Low (-96 pips difference) Accuracy level 68%. Next week forecast to be updated on Sunday. Cheers, George. {image}
Good work!

Have a question.
Are you using the Open price in your accuracy calculations and/or averaging it with prev. results?
Doing something similar with Implied Volatility on daily basis, estimating accuracy by an eye...
Thanks.
Air force
  • #622,934
  • Sep 11, 2021 5:31am Sep 11, 2021 5:31am
Quoting MTF Test
{quote} Thanks for your input. means that your looking at the Daily for Structure. right ? So, the decisions will be based on daily. am i right here ?
Yes, You are absolutely right, Daily chart give the structure of the market, we can manage our expectations according to market conditions.

Quoting donfriday
{quote} The tf you trade determines the type of trader you want to be. daily profit 15-1hr weekly 4hrs-daily monthly 4hrs-daily 3months daily-weekly
Thanks for your input.
MA provides the market's current direction and strength.
  • #622,935
  • Sep 11, 2021 5:49am Sep 11, 2021 5:49am
Imo, good bearish close, almost all the volume (92.5%) in the shadow.
Below Friday's low --> 1.378, sell-scalping only for me
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Air force
  • #622,936
  • Sep 11, 2021 5:49am Sep 11, 2021 5:49am
Quoting ServerUang
{quote} Hallo Moty and hoda drain the bank... here is my screen shot of GbpUsd and UsdCad before the market closes. See you next Monday. ServerUang {image} {image}
Living with the dream
Attached Image (click to enlarge)
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Intraday Trading is an Art _ hoda
  • #622,937
  • Sep 11, 2021 6:04am Sep 11, 2021 6:04am
The accuracy of ones technique and implementation is more important than the size time frame being used. The larger the time frame the larger the risk. The biggest risk is the trader and his/ her approach.
  • #622,938
  • Sep 11, 2021 6:18am Sep 11, 2021 6:18am
Quoting bilal1947
{quote} Hi MTF Daily bais is not very easy to me, why? even i know where price will go next it wont immediately go there, but makes 3-4 days small body candles and on day 5 it moves similarly in next week only two days will give good move rest three only ranging or small bodies only break previous day with small range. so in these small daily candle days, there are mainly four session's (not considering frankfurt) - asian, london, newyork and london close and in all these session price moves in opposite directions to take out both the sides. Due...
I only trade the D1 bias when the D1 TF is "in control". When preparing for battle, the commander wants as much Intel from all areas as possible. Intel from the western front may very well be of critical importance today where heavy activity has been occurring , but if he gets no Intel from the eastern front the next day and relies on the western front Intel, then he risks being annihilated by a "surprise" from the east.

Why in the world do so many people adamantly refuse to get Intel from ALL of the TFs before making important decisions?

When you see small ranging bars on D1, why would you fix your attention there when it is OBVIOUS that if there is any worthwhile activity developing, it MUST be on smaller TFs.

Change comes from the bottom up. If price can't get out of a range on a small TF, isn't it obvious that no TF above it is going anywhere either?
To free Gazans of Hamas, use whatever it takes.
  • #622,939
  • Sep 11, 2021 6:44am Sep 11, 2021 6:44am
Quoting iqyu5an
{quote} Dual sign on the weekend. Doji Daily and Hanging Man Weekly
You're right. You may also take a look at the Gbp/Yen's H4 chart. See that evening star right at the top? After that GBP rush down with a bang!
  • #622,940
  • Sep 11, 2021 7:01am Sep 11, 2021 7:01am
Quoting Houtbay
The accuracy of ones technique and implementation is more important than the size time frame being used. The larger the time frame the larger the risk. The biggest risk is the trader and his/ her approach.

not necessarily ...but I will say in order to cut the risk u have to be aggressive, so instead of following the movement u kinda getting in where u think there is a block..it requires experience and complete trust in your ability to forecast appropriately, so I can see why traders do not like trading this way.

Scalping on the other hand requires different skills..u need to be quick, not have a bias and not emotionally impaired..u gotta take a hit when wrong far quicker. I think it actually requires more skill
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Olumington