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Cable Update (GBPUSD)

  • #624,221
  • Edited Sep 18, 2021 2:25pm Sep 17, 2021 3:39pm | Edited Sep 18, 2021 2:25pm
Quoting Jolita
{quote} Absolutely. Could also test last week's low. Trade safe
We have re-visited last week's low too. What's next? Really boring week has been... need some action up.
  • #624,222
  • Sep 17, 2021 3:56pm Sep 17, 2021 3:56pm
Quoting Pat Chiko
{quote} GOLD today is heaven for scalpers... You're right about short and they are also long there. 150 pips each round. Have a great weekends Navin.
u too
  • #624,223
  • Sep 17, 2021 4:08pm Sep 17, 2021 4:08pm
Quoting Wavegarrick
{quote} Yes, I think 1.37500 and perhaps your area at 3726 for an overshoot. If the daily closes above 1.37500 we could probably see a retrace back to 1.38000 and Stevepat sums it up well. We could look for more shorts there. Having said 1.3726 is crucial for bears and they need to clear it by tomorrow if they want a weekly lower low. We could be in for some nice moves today or tomorrow. Cheers.
And here we have it, Folks,
Pop goes the weasel on the stroke of market close we have a new weekly low just below 1.3726 and a full weekly bar close. Bearish to me.
Enjoy the weekend,
Cheers
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Trade to trade another day
  • #624,224
  • Sep 17, 2021 4:13pm Sep 17, 2021 4:13pm
Quoting trumps
{quote} Looks like 3778 on the way first {image}
With 3778 gone, it could be retested next week before potentially dropping to 3670
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Compulsions can be hard to resist
  • #624,225
  • Edited 6:25pm Sep 17, 2021 4:52pm | Edited 6:25pm
I can give you 45 years of data which shows theres no way you can predict the following ranges from too far back
(without actually attempting to read the data on a chart)
This thing is continually changing ,
close in time ranges are the most useful ,
It also shows clearly just how unusual the markets acted this year to date , with no reason whatsoever this range couldn't hold in theory.
It does not need to meet any past range of any timeframe in the past at all and there is a major flaw in any thought process with that in mind at the core of a strategy.

However it would be the smallest range in 45 years should it hold, going by eye
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #624,226
  • Sep 17, 2021 5:03pm Sep 17, 2021 5:03pm
Weekly close of 3728, I expect a gap up on sunday and then a run towards 3845 next week. Bullish until mid week, at least.
Everyone can see the chart, but only a few can actually read it.
  • #624,227
  • Edited 6:03pm Sep 17, 2021 5:45pm | Edited 6:03pm
Quoting Bones
I can give you 45 years of data which shows theres no way you can predict the following ranges from too far back (without actually attempting to read the data on a chart) This thing is continually changing , close in time ranges are the most useful , It also shows to me just how unusual the markets been this year, with no reason whatsoever this range couldn't hold in theory. It does not need to meet any past range of any timeframe in the past at all and there is a major flaw in any thought process with that in mind at the core of a strategy. However...
Interesting data.
My most favourite 1980's, second 2007.
We are now back in time to 2014, range from 17200 - 15500 = 1700.
If we follow according to year 2014, due to candle similarity we should touch 12900 (better not) and close year at current level 13700.
As you say - no year is the same and this years change in % is the lowest so far, not even 0.5%.

Another yearly analysis by high/low.
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  • #624,228
  • Sep 17, 2021 6:38pm Sep 17, 2021 6:38pm
Quoting Jolita
{quote} Interesting data. My most favourite 1980's, second 2007. We are now back in time to 2014, range from 17200 - 15500 = 1700. If we follow according to year 2014, due to candle similarity we should touch 12900 (better not) and close year at current level 13700. As you say - no year is the same and this years change in % is the lowest so far, not even 0.5%. Another yearly analysis by high/low. {image}
2 digit. Yes that's what i use in trading. Life is gonna full of fun... and not worried about spike / noise . Trend is clear.

Enjoy the weekend
not euphoria follower
  • #624,229
  • Sep 17, 2021 7:06pm Sep 17, 2021 7:06pm
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yes yes yes
  • #624,230
  • Sep 17, 2021 7:38pm Sep 17, 2021 7:38pm
Quoting Moty
{image}
Length of your leg 3 ... is a matter
not euphoria follower
  • #624,231
  • Sep 17, 2021 8:43pm Sep 17, 2021 8:43pm
Quoting iqyu5an
{quote} Length of your leg 3 ... is a matter
pokoke senin turun sikit bli bli .com terus haha

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raw drawing
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #624,232
  • Sep 17, 2021 8:50pm Sep 17, 2021 8:50pm
Quoting kris89
{quote} pokoke senin turun sikit bli bli .com terus haha {image}raw drawing
Jangan lupa lapor ke pak RT eh ke pak SL qlo nginep ya
not euphoria follower
  • #624,233
  • Sep 17, 2021 9:07pm Sep 17, 2021 9:07pm
good weekend all and have fun , good beef
  • #624,234
  • Sep 17, 2021 10:29pm Sep 17, 2021 10:29pm
Quoting iqyu5an
{quote} Jangan lupa lapor ke pak RT eh ke pak SL qlo nginep ya
yes hahahaa ,
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #624,235
  • Sep 17, 2021 11:57pm Sep 17, 2021 11:57pm
Quoting iqyu5an
{quote} Jangan lupa lapor ke pak RT eh ke pak SL qlo nginep ya
Stay low, Go fast - No luck, All skill
  • #624,236
  • Sep 18, 2021 1:08am Sep 18, 2021 1:08am
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yes yes yes
  • #624,237
  • Sep 18, 2021 2:05am Sep 18, 2021 2:05am
Quoting Wavegarrick
{quote} 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.
Got it Sir.
You are so kind to share...Thanks again!
Aim for what's achievable and don't be a dreamer.
  • #624,238
  • Sep 18, 2021 2:07am Sep 18, 2021 2:07am
Quoting Wavegarrick
{quote} And here we have it, Folks, Pop goes the weasel on the stroke of market close we have a new weekly low just below 1.3726 and a full weekly bar close. Bearish to me. Enjoy the weekend, Cheers {image}
congrat budd, still a long journey right, I'm still trying to catch correction to join the flow

here's my view If and always if

from shark to megalodon lol

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--- Have a nice weekend
Daddy, Brother, Lover, Little Boy
  • #624,239
  • Sep 18, 2021 2:56am Sep 18, 2021 2:56am
Quoting Jolita
{quote} Interesting data. My most favourite 1980's, second 2007. We are now back in time to 2014, range from 17200 - 15500 = 1700. If we follow according to year 2014, due to candle similarity we should touch 12900 (better not) and close year at current level 13700. As you say - no year is the same and this years change in % is the lowest so far, not even 0.5%. Another yearly analysis by high/low. {image}

that is interesting..I did not realise that the yearly last year was this bullish..anyways I got out of my trade because I want to try different currencies and new methods to trade

heres to a new week..
  • #624,240
  • Edited 3:37am Sep 18, 2021 3:13am | Edited 3:37am
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✓Immediate Bias
22/02/2021 to 09/04/2021

Actual High 1.4240 Versus 1.4100 Forecasted
= (-140 pips difference)
Actual Low 1.3669 Versus 1.3650 Forecasted Low
= (-19 pips difference)
Accuracy Level = 72%

✓Medium/Long Term Bias
March 2021 to July 2021

Actual High 1.4249 Versus 1.4300 Forecasted
= (-51 pips difference)
Actual Low 1.3570 Versus 1.3600 Forecasted Low
= (-30 pips difference)
Accuracy Level = 88%

✓AUGUST 2021 to DECEMBER 2021

Actual High ???? Versus 1.4200 Forecasted
Actual Low ???? Versus 1.2800 Forecasted Low

Possibility of 1.28 is looking likely into year end.

I hope this information helps to an extent and please no obligation to follow as I may be wrong.

Cheers,
George.
Data + Stat + Risk/Emotions Management
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