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Cable Update (GBPUSD)

  • #647,641
  • Jan 9, 2022 3:43am Jan 9, 2022 3:43am
Quoting Georginson
{quote} Hello Mate, I'm sincerely sorry for not answering your previous question, it is not deliberate. Now to answer these questions of yours: - January trading is the most unpredictable in any given time frame of the year, I will back this up by giving you January Ranges from 2011 - 2021 outlined below: January 2021 = 308 pips January 2020 = 277 pips January 2019 = 810 pips January 2018 = 887 pips January 2017 = 687 pips January 2016 = 735 pips January 2015 = 595 pips January 2014 = 359 pips January 2013 = 664 pips January 2012 = 560 pips January...

thats brilliant write up
MY OPINION NOT FINANCIAL ADVISE
  • #647,642
  • Jan 9, 2022 3:59am Jan 9, 2022 3:59am
Quoting iqyu5an
{image}

thats very possible

looking at ucad i think GU have some more room to the upside ,
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MY OPINION NOT FINANCIAL ADVISE
  • #647,643
  • Jan 9, 2022 4:00am Jan 9, 2022 4:00am
Quoting Georginson
{quote} Ranges from 2011 - 2021 outlined below: January 2021 = 308 pips January 2020 = 277 pips January 2019 = 810 pips January 2018 = 887 pips January 2017 = 687 pips January 2016 = 735 pips January 2015 = 595 pips January 2014 = 359 pips January 2013 = 664 pips January 2012 = 560 pips January 2011 = 652 pips Minimum Range: 277 pips Average Range: 560 pips Maximum Range: 887 pips
1. This is called the median.
2. Should be calculated from the entire set, not from the extreme values.
...
Air force
  • #647,644
  • Jan 9, 2022 4:10am Jan 9, 2022 4:10am
Quoting Nordling00
{quote} Even though I totally agree with your words, some people test the limits. They pretend to be winners, they try to teach people "lessons" without knowing anything. They try to patronise. They abuse this whole being "anonymous" thing.
this is a very good writing.
I fully agree with him.
  • #647,645
  • Jan 9, 2022 4:13am Jan 9, 2022 4:13am
Quoting W0lfram
{quote} 1. This is called the median. 2. Should be calculated from the entire set, not from the extreme values. ...
I can pick whatever I want to pick and call it whatever name I want to call it. I deliberately picked the data closest to the average/median. It is not in your place to teach me maths or use of English as I remember our arguments from last year which almost discouraged me from posting but I still kept on and have to an extent been useful to the thread. Please kindly keep your correction to yourself.
Data + Stat + Risk/Emotions Management
  • #647,646
  • Jan 9, 2022 4:14am Jan 9, 2022 4:14am
Quoting Robinhood1
The first 6 days of january can determine the final year´s trend of any instrument and if we take this into account, cable has been up so possibilty to end the year higher is there. If 12900 works out to be the lowest then i might be able to see where the final price may reach on the upside.
Now this is the Robinhood I want to be reading his post. . I'm still on the sell wagon till atleast 1.30. I still see 1.29 area though. Hopefully, we hit before the real rise of GU.
  • #647,647
  • Jan 9, 2022 4:15am Jan 9, 2022 4:15am
Quoting donfriday
{quote} thats brilliant write up
This is more like it mate, let's be encouraging each other and not be looking for each other's mistake. I'm happy with this feedback of yours.
Data + Stat + Risk/Emotions Management
  • #647,648
  • Jan 9, 2022 4:17am Jan 9, 2022 4:17am
I'm still sell biased. Will keep adding till 1.37 area. For me, full invalidation of sell would be if 1.37 is violated porously. From where I would reconsider Sells and switch to buy. The buys would be from every dip though
  • #647,649
  • Jan 9, 2022 4:18am Jan 9, 2022 4:18am
Quoting Georginson
{quote} This is more like it mate, let's be encouraging each other and not be looking for each other's mistake. I'm happy with this feedback of yours.
Gbayi
  • #647,650
  • Jan 9, 2022 4:19am Jan 9, 2022 4:19am
Quoting W0lfram
{quote} 1. This is called the median. 2. Should be calculated from the entire set, not from the extreme values. ...
What entire set are you referring to? Share please
  • #647,651
  • Jan 9, 2022 4:22am Jan 9, 2022 4:22am
Quoting Georginson
{quote} I can pick whatever I want to pick and call it whatever name I want to call it. I deliberately picked the data closest to the average/median. It is not in your place to teach me maths or use of English as I remember our arguments from last year which almost discouraged me from posting but I still kept on and have to an extent been useful to the thread. Please kindly keep your correction to yourself.
Explains your knowledge of primary school level statistics.
Call and do things properly if you are the kind of trying to do seasonal analysis of financial instruments.
Air force
  • #647,652
  • Jan 9, 2022 4:24am Jan 9, 2022 4:24am
Quoting Nd10
{quote} What entire set are you referring to? Share please
11 values of Monthly ranges provided by George
Air force
  • #647,653
  • Jan 9, 2022 4:27am Jan 9, 2022 4:27am
Quoting W0lfram
{quote} Explains your knowledge of primary school level statistics. Call things properly if you are the kind of trying to do seasonal analysis of financial instruments.
Mr almighty know all, please kindly share your knowledge and ideas and stay off my posts. I can see your pettiness trying to make a mountain out of molehill over difference between median/range calculations with 17 pips difference other than looking into the thought process of sharing an information that may be of value to others.
Data + Stat + Risk/Emotions Management
  • #647,654
  • Jan 9, 2022 4:32am Jan 9, 2022 4:32am
Quoting Nd10
I'm still sell biased. Will keep adding till 1.37 area. For me, full invalidation of sell would be if 1.37 is violated porously. From where I would reconsider Sells and switch to buy. The buys would be from every dip though

you will deal with some DD maybe 138 looking very possible
just my opinion

prepare for 1.3750 and 1.38
MY OPINION NOT FINANCIAL ADVISE
  • #647,655
  • Jan 9, 2022 4:37am Jan 9, 2022 4:37am
Quoting Georginson
{quote} Hello Mate, I'm sincerely sorry for not answering your previous question, it is not deliberate. Now to answer these questions of yours: - January trading is the most unpredictable in any given time frame of the year, I will back this up by giving you January Ranges from 2011 - 2021 outlined below: January 2021 = 308 pips January 2020 = 277 pips January 2019 = 810 pips January 2018 = 887 pips January 2017 = 687 pips January 2016 = 735 pips January 2015 = 595 pips January 2014 = 359 pips January 2013 = 664 pips January 2012 = 560 pips January...
dude.
This data, which has been stored in history, is worthless in terms of trading.
my question would be how do you open a position and when based on this historical data?
and how much DD do you count?
don't be offended by the question, it's a professional question and nothing personal.
  • #647,656
  • Jan 9, 2022 4:38am Jan 9, 2022 4:38am
Quoting Georginson
{quote} Mr almighty know all, please kindly share your knowledge and ideas and stay off my posts. I can see your pettiness trying to make a mountain out of molehill over difference between median/range calculations with 17 pips difference other than looking into the thought process of sharing an information that may be of value to others.
I'm not almighty
Quote
17 pips
...
Sharing wrong calculations isn't useful

Yes, last time you tried to get away from questions about your "accuracy level", which turned out to be slightly overestimated.
Air force
  • #647,657
  • Jan 9, 2022 5:09am Jan 9, 2022 5:09am
Quoting W0lfram
{quote} I'm not almighty {quote} ... Sharing wrong calculations isn't useful Yes, last time you tried to get away from questions about your "accuracy level", which turned out to be slightly overestimated.
How wrong did this eventually play out? This was October 30 post from the so called wrong statistics... What have you contributed to this thread... Quit your pettiness, as it will take you no where...

Final 2021 range was 1089 pips (1.4249 - 1.3160) just 11 pips shy of the projected 1100 pips.

August to December range minimum forecasted range was 820 pips, final result was 797 pips (1.3957 to 1.3160) just missed by 23 pips.

My projected Target from the working was 1.3150, it did get to 1.3160 just missed by 10 pips... Below are proofs of post from end of October 2021...

Pay attention to these Range data, it does work with high accuracy if applied with the right models.

Quoting tiborf71
{quote} dude. This data, which has been stored in history, is worthless in terms of trading. my question would be how do you open a position and when based on this historical data? and how much DD do you count? don't be offended by the question, it's a professional question and nothing personal.
Some answers in this post here...
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Data + Stat + Risk/Emotions Management
  • #647,658
  • Jan 9, 2022 5:21am Jan 9, 2022 5:21am
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,)...
technically with lower lows its in a down trend
the weekly candles pure pa are in an uptrend ,the monthly is piercing line with a lower wick off major is high probability up
candles are uptrend ,you can't show a bearish weekly print

the weekly 2 point trend line is not a trend line by 3 point
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,659
  • Jan 9, 2022 5:29am Jan 9, 2022 5:29am
this guy is classic who I'm talking about ,he went from a detailed poster with a bad attitude to a link of proof dummy with a really bad attitude ,
my fx book link he just posted did not work
from memory his account went minus 60% down to 150% up then last time I looked it was up 100% ,it's 1-1000 leverage over a few months =he thinks thats good
no doubt thats a very small account you can't live off any country ,we don't know because vital info is blocked, but we can guess off that performance.
This account link is fast becoming all he's about ,
he's not helping people who existed decades before him with his fundamental analysis off an outdated book he read since leaving school ...
no way
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,660
  • Jan 9, 2022 5:30am Jan 9, 2022 5:30am
Quoting Georginson
{quote} To be honest I'm not good with chart presentation to bring home my observation and bias, I'm more comfortable with write-ups to drive home my point. I have indulged myself by making use of your interesting chart to explain couple of things... ✓ Why this prolonged and seeming unending delay of a break out? My humble answer is, last year (2020) move to 1.14 was not in anyway realistic but no thanks to Covid the whole financial instruments had abnormal movements which affected the world economy to a great extent, which means that this...
@tiborf71... This post gives quite some explanation, you may check it to answer if the use of historical ranges is useless.
Data + Stat + Risk/Emotions Management
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