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Cable Update (GBPUSD)

  • #624,201
  • Sep 17, 2021 12:25pm Sep 17, 2021 12:25pm
Quoting Wavegarrick
{quote} Oki Doki folks, Had some interest in this indicator setting. Can't understand why I cannot upload a set file here, So, manual typing: My settings are: period - 1 method - Non lag moving average - NLMA price - Typical The rest remains the same. Hope it helps Cheers
Thanks for sharing the indicator settings.
I'm looking at it and observing how it can be applied to trading and got some ideas.
But just wondering if you could also share the specific rules for applying this indicator in trading, only if it's convenient for you to do so.
Otherwise please ignore
Aim for what's achievable and don't be a dreamer.
  • #624,202
  • Sep 17, 2021 12:30pm Sep 17, 2021 12:30pm
Quoting Georginson
{quote} That 'n' means 'and'... Mobile app is different from PC app. It shows open price and close price... More examples of scalp trades below... {image} {image}


i respect the fact that you trade on mobile, but why do you? been wondering cus i have tried to but i can but few times i scalp 10-25 pips on if i am away from home and set price Alarm
MY OPINION NOT FINANCIAL ADVISE
  • #624,203
  • Edited Sep 18, 2021 3:06am Sep 17, 2021 12:35pm | Edited Sep 18, 2021 3:06am
Weekly High 1.3913 versus 1.3900 Forecasted High (-13 pips difference.
Weekly Low 1.3725 versus 1.3670 Forecasted Low (-55 pips difference.

Accuracy Level: 80%

next week Forecast will be updated on Sunday.

Cheers,
George.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210917-065217.png Size: 111 KB
Data + Stat + Risk/Emotions Management
  • #624,204
  • Sep 17, 2021 12:38pm Sep 17, 2021 12:38pm
Quoting DLTrader
{quote} Thanks for sharing the indicator settings. I'm looking at it and observing how it can be applied to trading and got some ideas. But just wondering if you could also share the specific rules for applying this indicator in trading, only if it's convenient for you to do so. Otherwise please ignore
Hi DL,
Look at it as an indicator that would slice through the middle of ranging periods. I trade in the direction of the colour in ranging periods. It is extremely potent when a retrace is made towards it in trendy periods, I usually look for entries when price touches it. It is most useful on the 4hr timeframe but daily, weekly and monthly timeframes are extremely strong. It is almost like a moving pivot and one of the best indicators out there. Thanks to MLaden.
Cheers.
Trade to trade another day
  • #624,205
  • Sep 17, 2021 12:50pm Sep 17, 2021 12:50pm
Quoting Georginson
{quote} Mobile enhances mobility for me and I get to analyse more accurately with it. For the discipline part, being a full time trader, i watch lots of movies and play tennis too in order to stay away from the market for sometime. Weekly High 1.3913 versus 1.3900 Forecasted High (-13 pips difference. Weekly Low 1.3740 versus 1.3670 Forecasted Low (-70 pips difference. Accuracy Level: 75% next week Forecast will be updated on Sunday. Cheers, George. {image}


keep it up
MY OPINION NOT FINANCIAL ADVISE
  • #624,206
  • Sep 17, 2021 12:52pm Sep 17, 2021 12:52pm
I don't think its ready for reality yet
Maybe
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-09-17 at 18.48.51.png Size: 222 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #624,207
  • Edited 2:40pm Sep 17, 2021 1:06pm | Edited 2:40pm
Quoting Bones
I don't think its ready for reality yet Maybe {image}
I guess a lot of people underestimated the powerful DXY falling wedge structure.
Attached Image
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #624,208
  • Sep 17, 2021 1:14pm Sep 17, 2021 1:14pm
Always trust your analysis
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 59 KB
  • #624,209
  • Sep 17, 2021 1:22pm Sep 17, 2021 1:22pm
here is a swing high and low of the consolidation zone with price pointing toward fibo 25%
its my settings actually
if the sell is strong enough it will break it and drop 300-400pips down but if it doesnt as mostly i classify this as a cheap price of fibo retracement
we should see 300-400 pips up if it bounce from fibo 25%
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20210917_18.18.png Size: 69 KB
MY OPINION NOT FINANCIAL ADVISE
  • #624,210
  • Sep 17, 2021 1:42pm Sep 17, 2021 1:42pm
Quoting donfriday
here is a swing high and low of the consolidation zone with price pointing toward fibo 25% its my settings actually if the sell is strong enough it will break it and drop 300-400pips down but if it doesnt as mostly i classify this as a cheap price of fibo retracement we should see 300-400 pips up if it bounce from fibo 25% {image}
300 up would be great !
Insane in the Brain..
  • #624,211
  • Sep 17, 2021 1:43pm Sep 17, 2021 1:43pm
Quoting thevisitor
Current H4 movement down is a dynamic one. Target for my sells still 1.3730
Closed all manually
Out for weekend...
  • #624,212
  • Sep 17, 2021 1:46pm Sep 17, 2021 1:46pm
Quoting BeeTogether
{quote} 300 up would be great !

in anyway will be great
MY OPINION NOT FINANCIAL ADVISE
  • #624,213
  • Sep 17, 2021 1:53pm Sep 17, 2021 1:53pm
Exited all trade...fresh start Monday
  • #624,214
  • Sep 17, 2021 2:43pm Sep 17, 2021 2:43pm
Quoting Georginson
I'm of similar view with Wavegarrick, the year is fast coming to an end and we keep having the highs being dwindled, something has to break here and I see 1.28 area by or before December. Here is my forecast for September 13th to 17th Possible High: 1.3900 Possible Low: 1.3670 Note: Thursday 16th and Friday 17th is expected to be range breaking days of high Volatility. Trade with utmost caution.
Time for reality check of the challenge pal:

Your expected high: 1.39, actual: 1.3912 = - 22 pips
Your expected low: 1.3670, actual 1.3735 = -65 pips

My expected high: 1.4130, actual: 1.3912 = -217 pips
My expected low: 1.3808, actual: 1.3735 = -73

Clear win pal, congrats!
  • #624,215
  • Sep 17, 2021 2:46pm Sep 17, 2021 2:46pm
Quoting fxmasterdxb
{quote} Time for reality check of the challenge pal: Your expected high: 1.39, actual: 1.3912 = - 22 pips Your expected low: 1.3670, actual 1.3735 = -65 pips My expected high: 1.4130, actual: 1.3912 = -217 pips My expected low: 1.3808, actual: 1.3735 = -73 Clear win pal, congrats!
Thanks mate. Another awaits us next week. Best of luck to us.
Data + Stat + Risk/Emotions Management
  • #624,216
  • Sep 17, 2021 2:59pm Sep 17, 2021 2:59pm
Quoting Georginson
{quote} Thanks mate. Another awaits us next week. Best of luck to us.
I love the way u are so analytical..
Learning heaps from u..You are a great man in my book for sharing this amazing insight.

Thank You
  • #624,217
  • Sep 17, 2021 3:17pm Sep 17, 2021 3:17pm
Quoting nAVIN2007
{quote} I love the way u are so analytical.. Learning heaps from u..You are a great man in my book for sharing this amazing insight. Thank You
Thanks mate, I'm glad about your positive feedback, it means a lot.
Data + Stat + Risk/Emotions Management
  • #624,218
  • Edited 3:37pm Sep 17, 2021 3:24pm | Edited 3:37pm
GBPUSD vs USDGBP. D2 Chart.

Clear Inverse H & S seen on the USDGBP Chart. 2 beautiful dojis on the trendline and support, a strong bullish bar close to the upside + HL,HL. RSI above 50 and USDi crosses above GBPi.

Descending Triangle on the GBPUSD chart as well and a slight bearish divergence + LH, LH. Till next week.

Nice wkend buddies.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDGBP D2 TDview.JPG Size: 87 KB
Click to Enlarge Name: GBPUSD TDview D2.JPG Size: 107 KB
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #624,219
  • Sep 17, 2021 3:36pm Sep 17, 2021 3:36pm
Quoting Jolita
4hour red candle looks creapy, I think is ready complete M.
M pattern has completed
  • #624,220
  • Sep 17, 2021 3:37pm Sep 17, 2021 3:37pm
Quoting Dethorn
1,3725 here we come
Nicely done!
Air force
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