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Cable Update (GBPUSD)

  • #645,981
  • Edited 12:45pm Dec 25, 2021 12:27pm | Edited 12:45pm
Quoting DrDave
{quote} I did a quick check on the nearest 45 degree values to 13550 and don't see that as one. I get 13573 (or 13690 at lower precision and 134323 at higher precision). My broker posted a high of 1.34377
Well, i do not spot the price to the pip(that woud be great!!). It is a range between 13550(maybe a bit less, and 13630). As a swing trader i try to catch reversals and thus do not use SL, that is for scalping in my opinion. I can even hold 200 pips against, no problem. Therefore if target lies around 12920 its about 600 pips. its my opinion ofcourse. Most of the time i cannot hold that stretch, maybe 80 pips lets say. I will get to that stage of holding though. As regards to how you use the square of nine could not necessarely be the same way as i do. I will not reveal it ofcourse and mainly because i got over 60 reports(in one day)to the FF moderators bringing the subject up. There are traders who do not consider it a proper subject citing Gannīs method but a disruption to others. happy new year
POSTMASTER
  • #645,982
  • Dec 25, 2021 12:40pm Dec 25, 2021 12:40pm
Quoting DrDave
{quote} I did a quick check on the nearest 45 degree values to 13550 and don't see that as one. I get 13573 (or 13690 at lower precision and 134323 at higher precision). My broker posted a high of 1.34377
I do a have a complete EU scenario. Lowest price around 10300 after hitting around 11430. It will be totally safe adding an equivalent of 25% to the 11430 entry (short) at around the following prices: 11190, 10960, 10735, 10550. They should be bouncing on the 45š
POSTMASTER
  • #645,983
  • Edited Dec 26, 2021 5:23am Dec 25, 2021 3:33pm | Edited Dec 26, 2021 5:23am
Quoting Robinhood1
{quote} Well, i do not spot the price to the pip(that woud be great!!). It is a range between 13550(maybe a bit less, and 13630). As a swing trader i try to catch reversals and thus do not use SL, that is for scalping in my opinion. I can even hold 200 pips against, no problem. Therefore if target lies around 12920 its about 600 pips. its my opinion ofcourse. Most of the time i cannot hold that stretch, maybe 80 pips lets say. I will get to that stage of holding though. As regards to how you use the square of nine could not necessarely be the same...
i got over 60 reports(in one day)to the FF moderators bringing the subject up.

LOL. That's like saying you got reported for bringing up Fibonacci ratios--they're both just tools--some like one tool, others hate it.
To free Gazans of Hamas, use whatever it takes.
  • #645,984
  • Edited 11:40pm Dec 25, 2021 11:28pm | Edited 11:40pm
Quoting Coreg2004
{quote} Finally, the GU behaves by the book. The standard objective is 50-61.8% retracement of the last swing down @ 1.3501-1.3580. Are we get there? Time will tell. {image}
Good analysis.

There were people here expecting 3000 before year end.

True, it was falling for long period, but any body who is in this game for longer period knows week end, month end, year end are profit booking period

Nice bounce of the lows.
Intraday only.
  • #645,985
  • Edited 3:35am Dec 26, 2021 3:08am | Edited 3:35am
https://www.bloomberg.com/news/artic...discrimination
Quote
Russia illegally discriminated against 290 billion euros ($328 billion) worth of European goods.

Now, at least, the price of the sanctions is known. But the price was paid slightly by the wrong people.

Дбл блд
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Air force
  • #645,986
  • Dec 26, 2021 8:35am Dec 26, 2021 8:35am
Quoting Robinhood1
{quote} Well, i do not spot the price to the pip(that woud be great!!). It is a range between 13550(maybe a bit less, and 13630). As a swing trader i try to catch reversals and thus do not use SL, that is for scalping in my opinion. I can even hold 200 pips against, no problem. Therefore if target lies around 12920 its about 600 pips. its my opinion ofcourse. Most of the time i cannot hold that stretch, maybe 80 pips lets say. I will get to that stage of holding though. As regards to how you use the square of nine could not necessarely be the same...
I agree completely regarding te swing trading aspect
  • #645,987
  • Dec 26, 2021 10:10am Dec 26, 2021 10:10am
Quoting DrDave
{quote} i got over 60 reports(in one day)to the FF moderators bringing the subject up. LOL. That's like saying you got reported for bringing up Fibonacci ratios--they're both just tools--some like one tool, others hate it.
Not exactly, fibonacci, support & resistence, trendlines, candles, etc are well accepted by the mayority but other system which is not fully understood even being a winning one does not square well into the orthodox mindset or interest so mockery takes place and thus the fire starts.
POSTMASTER
  • #645,988
  • Dec 26, 2021 2:09pm Dec 26, 2021 2:09pm
Quoting Robinhood1
{quote} Well, i do not spot the price to the pip(that woud be great!!). It is a range between 13550(maybe a bit less, and 13630). As a swing trader i try to catch reversals and thus do not use SL, that is for scalping in my opinion. I can even hold 200 pips against, no problem. Therefore if target lies around 12920 its about 600 pips. its my opinion ofcourse. Most of the time i cannot hold that stretch, maybe 80 pips lets say. I will get to that stage of holding though. As regards to how you use the square of nine could not necessarely be the same...
It's not about spotting to the pip, but rather it is about determining the values at the 45 degree points of the square of 9. And because a square has been used as a matter of convenience for finding APPROXIMATE values at 45 degrees around a circle, the smaller the square the smaller the diameter of the enclosing circle, hence, the greater the error seen in the calculated value from the square versus the exact value on a circle.

As you saw, I reported 3 values, all of which are 45 degrees on the square of 9, but each on a different sized square. The more digits I reported, the closer the square of 9 value is to the value that would be found on the circle that is the closest to your 13550. As I am sure you know, there are many reasons why price can go beyond this value or not reach it. The value is nothing more than a marker on the road alerting you that this is an important spot to be looking at.
To free Gazans of Hamas, use whatever it takes.
  • #645,989
  • Dec 26, 2021 3:26pm Dec 26, 2021 3:26pm
GBPUSD price action on the daily time frame is experiencing bearish pressure after a bullish drive from the 1.32430/1.31730 demand zone (green) on Tuesday. Should bears succeed in their pressure, we may see a southward retest of the demand zone before a bullish market engineering to an area of value such as the 1.36080/1.36770 area (blue). We should note, however, that any such bullish move is likely to be temporary as the technical market structure still favours bears.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #645,990
  • Edited 4:12pm Dec 26, 2021 3:46pm | Edited 4:12pm
Quoting DrDave
{quote} It's not about spotting to the pip, but rather it is about determining the values at the 45 degree points of the square of 9. And because a square has been used as a matter of convenience for finding APPROXIMATE values at 45 degrees around a circle, the smaller the square the smaller the diameter of the enclosing circle, hence, the greater the error seen in the calculated value from the square versus the exact value on a circle. As you saw, I reported 3 values, all of which are 45 degrees on the square of 9, but each on a different sized...
Ok, i feel generous today and will broaden traderīs knowledge who are familiar with Gannīs square of 9 with a clue. 3 levels beyond the center is a 360š cycle (green box) 1st level from the centre 90š cycle and the 2nd level 180š cycle similar to a fib retracement

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POSTMASTER
  • #645,991
  • Dec 26, 2021 5:01pm Dec 26, 2021 5:01pm
Two Gbp pairs, possible scenarios
GU 4hr, sentiment bearish
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GJ Daily, sentiment bullish
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  • #645,992
  • Dec 26, 2021 5:38pm Dec 26, 2021 5:38pm
H4
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  • #645,993
  • Dec 26, 2021 5:49pm Dec 26, 2021 5:49pm
Quoting Robinhood1
{quote} Ok, i feel generous today and will broaden traderīs knowledge who are familiar with Gannīs square of 9 with a clue. 3 levels beyond the center is a 360š cycle (green box) 1st level from the centre 90š cycle and the 2nd level 180š cycle similar to a fib retracement {image}
This only fosters confusion. It is not helpful for trading. It does not provide any advantage. Prove me wrong.
Learn from your mistakes and march on.
  • #645,994
  • Dec 26, 2021 6:54pm Dec 26, 2021 6:54pm
Quoting here2there
{quote} This only fosters confusion. It is not helpful for trading. It does not provide any advantage. Prove me wrong.
After you enter the trade, the only things left to do are manage risk and manage the money.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #645,995
  • Dec 26, 2021 6:56pm Dec 26, 2021 6:56pm
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not euphoria follower
  • #645,996
  • Dec 26, 2021 8:01pm Dec 26, 2021 8:01pm
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uptrend channel is making
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,997
  • Dec 26, 2021 8:01pm Dec 26, 2021 8:01pm
Led Zeppelin - Whole Lotta Love (cover by Sershen & Zaritskaya)


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Together we can be strongest
Vantage Return This Month: -97.0%
  • #645,998
  • Dec 26, 2021 9:05pm Dec 26, 2021 9:05pm
Quoting here2there
{quote} This only fosters confusion. It is not helpful for trading. It does not provide any advantage. Prove me wrong.
Go to school to learn it
POSTMASTER
  • #645,999
  • Dec 26, 2021 9:32pm Dec 26, 2021 9:32pm
learn how to manage risk its the first important lesson , the rest of it just a trading style , people have own style trading that help them to entry even to forsee the trade plan well .

no risk management then you should learn how to see how invalidation work
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #646,000
  • Dec 26, 2021 11:55pm Dec 26, 2021 11:55pm
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yes yes yes
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