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Cable Update (GBPUSD)

  • #647,581
  • Jan 8, 2022 8:36am Jan 8, 2022 8:36am
nothing one hundred percent in the market
but
it looks like down trend to me.., still..., on monthly

in addition
Attached Image (click to enlarge)
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dolce vita
  • #647,582
  • Jan 8, 2022 8:40am Jan 8, 2022 8:40am
Quoting babayaga
{quote} no, we don't or you can show me what I am missing thank you
I already provided much info ,core reasoning is thats piercing line which broke week 1
the weekly is in an uptrend
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,583
  • Jan 8, 2022 8:43am Jan 8, 2022 8:43am
Campaign - Stop Dumb Explorer Warriors with ludicrous chat V decent fully explained information posters…

Criteria to be a dummy

Micro accounts with no reveal to account size or lots traded.
Often can be right much later with nothing backing up the original target & no detail whatsoever of the actual trade ,they have the micro account explorer! thats good enough for them.
These people want to talk percentages.The Level of risk matters ,it’s not easy to scale up at all.
A classic situ is the people that start explorer only threads, when within months can’t post themselves due to that missing display of any account.Last year we saw this happen when every person who went they're blew up in real time.
The other classic of the warriors is offering another trader out on some contest.
They often have secret systems or systems they made up and can’t be explained.
They believe they add to the community because you could follow their explorer and learn somehow.
Often never wrong swing traders who sit morally higher than everyone else who don’t have a dumb badge
Warriors generally have a really bad attitude.
Conclusion
What forex Factory should do is stop people being able to blank out any information ,then we all know what we're talking about if someone wants to talk £$ numbers.
If you have a 100$ account and double it thats not the same as 100$k account doubling for a fact.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot 2022-01-08 at 14.50.34.png Size: 52 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,584
  • Jan 8, 2022 9:05am Jan 8, 2022 9:05am
possible target above and bellow
or
missing pivot

charting with fxstreet

Attached Image (click to enlarge)
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dolce vita
  • #647,585
  • Jan 8, 2022 9:10am Jan 8, 2022 9:10am
Quoting Robinhood1
{quote} Hi eurgbp: I see target at around 8556. I guess thats where you have your red stripe.
Hi RH,
Yes, that is a very realistic target for a medium-term trade.
Cheers.
Trade to trade another day
  • #647,586
  • Jan 8, 2022 9:11am Jan 8, 2022 9:11am
Quoting Jolita
{quote} This is from prof chartists and their opinion on GU is- 56% Sell with a Weakening short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend. Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal. Hope this helps , J
Update: 24% Sell Opinion based on 13 indicator view (from previous 56% Sell, couple of days ago)

https://www.barchart.com/forex/quotes/%5EGBPUSD/opinion
  • #647,587
  • Jan 8, 2022 9:45am Jan 8, 2022 9:45am
Quoting Bones
the monthly now broke is telling you for sure its not going to break the other side , cable is over brought if it broke the other side it would not stop {image}
hi Bones,
if I have gotten it right
you was talking about this post.., cable monthly chart

and please, read what you wrote ( on January 5th ) again...
with all my respect


with lines of monthly inside bar(s)..,
Attached Image (click to enlarge)
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dolce vita
  • #647,588
  • Jan 8, 2022 10:00am Jan 8, 2022 10:00am
Market will clear any arguments, i love it
COT: The precious data ignored
  • #647,589
  • Jan 8, 2022 10:04am Jan 8, 2022 10:04am
almost naked
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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dolce vita
  • #647,590
  • Jan 8, 2022 10:07am Jan 8, 2022 10:07am
Quoting Jolita
To: The person who disliked my post , Please tell me why you disliked my post? Thanks
Don't worry Jollita my post earned me 2 dislikes just before yours (1 dislike). As long as you get more likes than dislikes it is fulfilling. The thing is that some traders don't appreciate how much time and effort we put in to help them until we are not around anymore.
Cheers.
Trade to trade another day
  • #647,591
  • Edited 11:56am Jan 8, 2022 10:14am | Edited 11:56am
...when the dly and wkly candles close strongly bullish on a friday it at least feels like there is a high likelihood that there will be an upside follow thru to new hi's (@ some point, perhaps after the pullback that began late on friday,?) particularly when the 1hr - dly t/f's are in uptrends. Whether it is actually the greater probability over any meaningful representative recorded/demonstrable empirical evidence of historical sample (s) on this instrument re these specific t/f's, I don't know. If we don't know the actual probability (as described,) and just have a 'feeling' based on anecdotal/observation over the years, then we are just speculating. It may even be a case of confirmation bias as postulated by NNT in his writings?

EDIT: I have amended this text as I labeled the fractal's wrongly on pic below which has been amended to show correct fractal labels.

Re Bones's assertion about the wkly being in an uptrend, it's hard to see why you would assert that from a technical perspective,? It has 3 consecutive LH's (after the last H was lower than the HH,) and 2 consecutive LL's. It has however shown signs of strength with the last 3 candle closes on the t/f being very bullish. Perhaps a decisive upside break above the descending t/line / descending channel top, (that on monday's dly candle comes thru circa 3610-15) would add to the recent feeling of bullishness on that t/f. Certainly a decisive upside break above the last LH in it's current downtrend that is higher up @ 3834, would aid this recent bullishness too, and put the current downtrend in doubt.

wkly below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #647,592
  • Jan 8, 2022 10:15am Jan 8, 2022 10:15am
Quoting Wavegarrick
{quote} Don't worry Jollita my post earned me 2 dislikes just before yours (1 dislike). As long as you get more likes than dislikes it is fulfilling. The thing is that traders don't realize how much we help them until we are not around anymore. Cheers.
I could get 20 dislikes per posts, i couldn't careless at all

We shouldn't care of such meaningless stuffs
COT: The precious data ignored
  • #647,593
  • Jan 8, 2022 10:21am Jan 8, 2022 10:21am
Quoting Jolita
To: The person who disliked my post , Please tell me why you disliked my post? Thanks
Mate, you haven't arrived till you get a dislike lol! Don't take it personally, it will likely be some spotty no-mark sat in his bedroom at his parent's house that has done nothing/seen nothing/achieved nothing, and probably never will, let alone posting anything of use/interest here. If it isn't they would come out of the shadows and offer a reasoned and friendly honest argument as to why they disliked the post, but I suspect that this might be beyond them.
Trader with an Edge.
  • #647,594
  • Jan 8, 2022 10:26am Jan 8, 2022 10:26am
Brexit will be back in play next week, take care.
  • #647,595
  • Jan 8, 2022 10:33am Jan 8, 2022 10:33am
Quoting IgorGG
Brexit will be back in play next week, take care.
you left already, why do we need to discuss and react to it again?
  • #647,596
  • Jan 8, 2022 10:50am Jan 8, 2022 10:50am
Keep in mind the pair is coming back (up) from a 38.2 Fib on monthly/weekly and pierced 23.6 on Friday. It could push a little higher before coming down for a breather after completing wave 5 on daily.
  • #647,597
  • Jan 8, 2022 11:04am Jan 8, 2022 11:04am
My sequence for cable:

from around 13599, down to around 13260, up to around 13365 and finally down to around 12900. I should think we will either see a reversal or a strong pullback from 12900.
POSTMASTER
  • #647,598
  • Jan 8, 2022 11:20am Jan 8, 2022 11:20am
Quoting Headland
...when the dly and wkly candles close strongly bullish on a friday it at least feels like there is a high likelihood that there will be an upside follow thru to new hi's (@ some point, perhaps after the pullback that began late on friday,?) particularly when the 1hr - dly t/f's are in uptrends. Whether it is actually the greater probability over any meaningful representative recorded/demonstrable empirical evidence of historical sample (s) on this instrument re these specific t/f's, I don't know. If we don't know the actual probability (as described,)...
Your thoughts/analysis always great keep up the good work

I am also on the upside follow through camp, a deeper push into daily supply. Changed my mind from earlier in the week. 1.36 is being set up as resistance. I look for a dip to buy next wk.
  • #647,599
  • Jan 8, 2022 11:30am Jan 8, 2022 11:30am
Quoting Bakker
Keep in mind the pair is coming back (up) from a 38.2 Fib on monthly/weekly and pierced 23.6 on Friday. It could push a little higher before coming down for a breather after completing wave 5 on daily.
Bakker, can you post the chart with your waves labeling for slow people like me, please? I better understand the charts.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 01.07 daily..png Size: 102 KB
Always trade your own plan...I don't provide trading signals.
  • #647,600
  • Jan 8, 2022 1:24pm Jan 8, 2022 1:24pm
Quoting Robinhood1
My sequence for cable: from around 13599, down to around 13260, up to around 13365 and finally down to around 12900. I should think we will either see a reversal or a strong pullback from 12900.
Its obvious that this sequence of yours isn't seeing 1.3670 - 1.3750 area which cannot be ruled out if price fails to close below 1.3480 on daily candle.
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