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Cable Update (GBPUSD)

  • #629,441
  • Oct 9, 2021 2:16pm Oct 9, 2021 2:16pm
Quoting Ihlas
{quote} blow shit = взрывай дерьмо Stay away I can't stop myself laughing {quote} IMHO your office is in a restroom as a like\dislike manager of Pat Big Boy.
hope u not taking drugs?
  • #629,442
  • Oct 9, 2021 2:16pm Oct 9, 2021 2:16pm
now many disagree with me.
I think the human factor should definitely be left out of trading, because that is a logical task that we need to solve.
talk about dry facts, logical connections, data should only be traded on the basis of these.
but human nature must not be placed on the market.
you can’t make a good decision based on how you feel.


peace.
  • #629,443
  • Oct 9, 2021 2:17pm Oct 9, 2021 2:17pm
Waveski and Pat gang thinks that I want their attention
Oh poor boys
  • #629,444
  • Oct 9, 2021 2:20pm Oct 9, 2021 2:20pm
Quoting nAVIN2007
{quote} hope u not taking drugs?
Against or for what?
I'm just having fun. Sorry if I offended you. But you started first.
I will remove you form EW theory if behave good again. J/K
  • #629,445
  • Oct 9, 2021 2:26pm Oct 9, 2021 2:26pm
'Deep meaning' Russian joke. About how important it is not to confuse things...

A hedgehog sits on the bank of the river and clogs a joint.
A beaver approaches him and says:
Hedgehog, what are you doing?
H: I'm hammering a jamb.
B: Will you give me a drag?
H: You don't know how.
B: Teach me.
H: In short, now you drag on and dive, but on the other side you exhale and catch a buzz, understand?
The beaver drags on and dives. Comes out, exhales and lies, gets high. A hippo walks past, and asks the beaver, why is he lying so happy?
And the beaver says to him:
There, on the other bank, the hedgehog lets you drag on, if you want to catch a high, swim to him.
Well, the hippo dives and dives out on the other side right in front of the hedgehog. The hedgehog looked at him (with square eyes) and screamed: Beaver!!! Exhale!!! Exhale!!!
Air force
  • #629,446
  • Oct 9, 2021 2:27pm Oct 9, 2021 2:27pm
Quoting Nordling00
{quote} Aga Turk oldugunu bastan soyleseydin ya Kac aydir konusuyoruz insan hic mi belli etmez
I have almost lost you among this eshshek kafalar. Later
Let me enjoy this. I think all will be silent from now on.
  • #629,447
  • Oct 9, 2021 2:40pm Oct 9, 2021 2:40pm
Quoting W0lfram
{quote} Since money is made or lost due to price movements, I think price matters. Volume moves price. From a statistical analysis POV it is much easier to slice price and estimate probability of movement by n pips after the price has already moved by k pips. Reason for swing: supply/demand laws I guess. I'm not familiar with Williams works. Unfortunately, all the books about trading that I tried to read are too boring, the matter did not go beyond the first chapter. On a scale of 1 to 10, how interesting is it to read Williams for...
Think it's winter time and you want eat melon or watermelon, mostly you can't find melon and watermelon everywhere. Obviously you pay more money than summer time.
  • #629,448
  • Oct 9, 2021 2:43pm Oct 9, 2021 2:43pm
Quoting Ihlas
{quote} Think it's winter time and you want eat melon or watermelon, mostly you can't find melon and watermelon everywhere. Obviously you pay more money than summer time.
Supply/Demand?
https://atas.net/volume-analysis/bas...and-no-supply/
Air force
  • #629,449
  • Oct 9, 2021 2:55pm Oct 9, 2021 2:55pm
Quoting W0lfram
{quote} Supply/Demand? https://atas.net/volume-analysis/bas...and-no-supply/
This a little bit controversial. This makes sense. BUT there is big BUT. Why then price goes against cumulative delta? IMHO this is broken car.
  • #629,450
  • Oct 9, 2021 3:11pm Oct 9, 2021 3:11pm
Quoting Ihlas
{quote} This a little bit controversial. This makes sense. BUT there is big BUT. Why then price goes against cumulative delta? IMHO this is broken car.
What exactly is controversial? What moves price then?

I think I explained the order matching mechanics in basic terms and why price can fall with rising delta a couple of times before
Ask - market buy/sell-limit
Bid - market sell/buy-limit
Otherwise it would be the holy grail, obviously.

Large divergences occur if we look over a long period of time. Will show chart tomorrow.
Air force
  • #629,451
  • Edited 5:35pm Oct 9, 2021 3:33pm | Edited 5:35pm
Quoting W0lfram
{quote} What exactly is controversial? What moves price then? I think I explained the order matching mechanics in basic terms and why price can fall with rising delta a couple of times. Ask - market buy/sell-limit Bid - market sell/buy-limit Otherwise it would be the holy grail, obviously. Large divergences occur if we look over a long period of time. Will show chart tomorrow.
I got the point. But how can price almost close at the same zones every week? Before last week I posted GBPSEK chart and the price closed around my marked zone. To make such precision everybody should come to one decision in the fx market. Example: LOOK for EJ next week. On Tuesday it will start dropping previous weeks low. Just observe EJ next week.If it doesn't, I'm wrong

Here is the chart. Marked that line before the fact. Even on Tuesday I think. Just to show how precise the market can be.

Quoting W0lfram
{quote} Since money is made or lost due to price movements, I think price matters. Volume moves price. From a statistical analysis POV it is much easier to slice price and estimate probability of movement by n pips after the price has already moved by k pips. Reason for swing: supply/demand laws I guess. I'm not familiar with Williams works. Unfortunately, all the books about trading that I tried to read are too boring, the matter did not go beyond the first chapter. On a scale of 1 to 10, how interesting is it to read Williams for...
BTW I haven't read any trading books to be honest. The summary will do enough and save time. Better reading classics. No straight thing to apply. They are just bla bla bla like Pat CEO. Averaging probable movement will help a lot I think. MA does the same job. But not accurate as always.
Attached Image (click to enlarge)
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  • #629,452
  • Edited Oct 10, 2021 7:54am Oct 9, 2021 5:45pm | Edited Oct 10, 2021 7:54am
Quoting donfriday
{quote} i am not so good in write up on technical analysis if we look at the weekly chart there is a possibility of retest to 13550 and maybe 13450 i am bearish on GU for correction but also something is telling me its not the right time {image}

Hi. None of us know what will happen next to an absolute certainty, Even those that think they do, and worse; through their postings on forums for example, convince others that it is possible to know or indeed that it is necessary to know. All we have is our respective edges and sometimes they can tell us what the greater probability is based on history to that point in time, whether or not on that particular next occasion they present themselves and we act upon them by entering the market, the greater probability actually plays out, which is also not known to us in advance. If our edges do not indicate to us the greater p[robability then they should be based on more gain than loss being available historically when they have set-up to that point in time, in such a ratio as to achieve a net gain over any given future sample of trades.

Re this particular gbpusd situation as of friday's market close; I think it depends on which t/f's you are operating on as to what your bias might be, (ie for eg; 1hr/4hr are generally bullish at friday close, dly/wkly generally bearish @ close.) It's a conflicting situation so always better to wait and see what the market begins to do in the most liquid part of the day (ie LO forwards,) and act on your edge accordingly.
Trader with an Edge.
  • #629,453
  • Edited 6:03pm Oct 9, 2021 5:53pm | Edited 6:03pm
Market told me that it will drop to 1.36700 and rise up again. Just 0.00000000000000000001 cents. Hope market didn't lie to me. If London drags it down, NY is up. If not vice verse. IMHO this will be my last weather forecast

Quoting Headland
{quote} Hi. None of us know what will happen next to an absolute certainty, Even those that think they do, and worse; through their postings on forums for example, convince others that it is possible to know or indeed that it is necessary to know. All we have is our respective edges and sometimes they can tell us what the greater probability is based on history to that point in time, whether or not on that particular next occasion they present themselves and we act upon them by entering the market, the greater probability actually plays out, which...
No need to convince others and a lot of people gave hints about price precision. They don't post because people want easy way, don't want to hit their head to the wall so that it can work better. Why burn nerves? Sit and enjoy the fun.
  • #629,454
  • Oct 9, 2021 11:58pm Oct 9, 2021 11:58pm
We have weekly close inside bar. We will have many oppotunity to scalp these pair before downward.
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #629,455
  • Oct 10, 2021 2:06am Oct 10, 2021 2:06am
Quoting tauhidur
{quote} hi navin, finally can i expect in this position some revers in the down 20 or30 pips or what you thing this position.

how many pips drawdown are u willing to accept from current position
  • #629,456
  • Oct 10, 2021 3:14am Oct 10, 2021 3:14am
Think I've got enough now to put a hotel on Mayfair
Attached Image (click to enlarge)
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  • #629,457
  • Oct 10, 2021 3:37am Oct 10, 2021 3:37am
Quoting Headland
{quote} Hi. None of us know what will happen next to an absolute certainty, Even those that think they do, and worse; through their postings on forums for example, convince others that it is possible to know or indeed that it is necessary to know. All we have is our respective edges and sometimes they can tell us what the greater probability is based on history to that point in time, whether or not on that particular next occasion they present themselves and we act upon them by entering the market, the greater probability actually plays out, which...

try and limit your novel sometime, i only post what i think so you dont need to give a whole book, nobody knows we are here to predict direction
MY OPINION NOT FINANCIAL ADVISE
  • #629,458
  • Oct 10, 2021 3:40am Oct 10, 2021 3:40am
Quoting donfriday
{quote} try and limit your novel sometime, i only post what i think so you dont need to give a whole book, nobody knows we are here to predict direction
He just laid his thought. And this dude is angry!Blown shit affected you? Calm down Pat
  • #629,459
  • Oct 10, 2021 3:42am Oct 10, 2021 3:42am
Quoting Headland
{quote} Hi. None of us know what will happen next to an absolute certainty, Even those that think they do, and worse; through their postings on forums for example, convince others that it is possible to know or indeed that it is necessary to know. All we have is our respective edges and sometimes they can tell us what the greater probability is based on history to that point in time, whether or not on that particular next occasion they present themselves and we act upon them by entering the market, the greater probability actually plays out, which...
Great post better than the " I think that the market will go in this direction" posts
  • #629,460
  • Edited 4:13am Oct 10, 2021 3:48am | Edited 4:13am
Quoting Ihlas
{quote} I got the point. But how can price almost close at the same zones every week? Before last week I posted GBPSEK chart and the price closed around my marked zone. To make such precision everybody should come to one decision in the fx market. Example: LOOK for EJ next week. On Tuesday it will start dropping previous weeks low. Just observe EJ next week.If it doesn't, I'm wrong Here is the chart. Marked that line before the fact. Even on Tuesday I think. Just to show how precise the market can be. {image}
Wait a minute, you shifted topic to your analysis.
What exactly is controversial? Do you agree that the price is driven by market participants, supply/demand? (I have no idea how to argue with this)


Quoting Ihlas
But how can price almost close at the same zones every week?
In Option analysis there is Max Pain theory: the price moves to the zone where the maximum amount of strikes (by Open Interest) will expire out of the money. Sometimes works well...
It's good that you found your way and it works.



Quoting Ihlas
Why then price goes against cumulative delta? IMHO this is broken car.
It depends on the density of limit-orders (liquidity) and the activity of the aggressive participants and price just follows the path of least resistance
Buy-limits > Sell-market and Buy-market > Sell-limits. Easier to understand when watching live...
Result: demand outweighed and the price went up, but Delta is negative because
Quoting W0lfram
Ask - market buy/sell-limit
Bid - market sell/buy-limit
And it can be used as an advantage in the medium term. Bc limit orders has heavier hand in this terms

For scalping I look for price/bar delta to coincide (I do not post trades because I'm a muppet)
Attached Image (click to enlarge)
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Quoting Ihlas
On Tuesday it will start dropping previous weeks low. Just observe EJ next week.If it doesn't, I'm wrong
Ok
Air force
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