"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Cable Update (GBPUSD)
- #650,102
- Jan 30, 2022 9:43pm Jan 30, 2022 9:43pm
- Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
{quote}aftershocks, complex corrections --- he urged me to retreat back, pile up orders at the bottom on the ground
{image} --- my best moment for long, no pain no gain
have a great weekend everyone
my Cable Update (GBPUSD)
Daddy, Brother, Lover, Little Boy
- #650,103
- Jan 30, 2022 9:44pm Jan 30, 2022 9:44pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #650,104
- Jan 30, 2022 9:54pm Jan 30, 2022 9:54pm
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
{quote} Possible weekly, as it down so it up too, if signal to confirmation of the bounce takes place. Lets see the bottom retest and breakout first likely before signal or not at all! Take care {image}
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #650,105
- Jan 30, 2022 10:21pm Jan 30, 2022 10:21pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #650,106
- Jan 30, 2022 10:36pm Jan 30, 2022 10:36pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #650,108
- Jan 31, 2022 12:22am Jan 31, 2022 12:22am
- Joined Mar 2020 | Status: Trader | 3,499 Posts
Compulsions can be hard to resist
- #650,110
- Jan 31, 2022 1:25am Jan 31, 2022 1:25am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #650,112
- Jan 31, 2022 1:36am Jan 31, 2022 1:36am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
{quote} Hi G, if the volatility within 400 pips, that mean breaking a major level (1.33) heading to it's 50% (1.30). {image} but the last move up was 100% of a major 1/8th (600 pips) , from 6/8 (1.315) to 6/8 (1.375) , and retraced 5 levels = 62.5% (major retracement level for both GANN and Fibonacci(61.8%)). {image} if the price hold above 1.33 , we should see an equal move size of 100% up (600 pips) around 1.39 I agree with you, we should trade with caution the next week. cheers,
I always find it amusing to see Fibonacci retracement numbers being tossed about that include NON-EXISTANT values such as 50% when clearly, the eighths not only cover the commonly used Fib levels, they are a better model for important levels and are simpler to calculate. But of course, simple rarely trumps complex when it comes to devising models for financial time series. After all, that is complex behavior, so there MUST be a complex model to describe it adequately.
50% retracements are VERY common in a wide variety of financial instruments. So does it make sense to adopt a model that does not even have the 50% value?
To free Gazans of Hamas, use whatever it takes.
- #650,114
- Jan 31, 2022 2:14am Jan 31, 2022 2:14am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #650,115
- Jan 31, 2022 2:17am Jan 31, 2022 2:17am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
I expect a retracement from above the line around 13470
POSTMASTER
- #650,116
- Jan 31, 2022 2:22am Jan 31, 2022 2:22am
- Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
{quote} Good Day everyone.. today's closing month, will be interesting
Daddy, Brother, Lover, Little Boy
- #650,117
- Jan 31, 2022 2:28am Jan 31, 2022 2:28am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} The last day of the month tomorrow, and my monthly pivot at 1.34159 (magnet) reached, unsurprisingly. My future weekly pivot at 1.34360 should be tested and 1.34500 for an overshoot. I will be looking for rejection signals around here. We are clearly in a medium-term downtrend but a break above 1.34500 will leave me waiting for a strong close above 1.35000 before considering longs. Have a great week, Cheers {image}
. Let's see if we get an overshoot from my weekly pivot to 1.34500 and of course the big question is if we get a rejection from here.Have a great day Folks.
Cheers.
Trade to trade another day
- #650,119
- Jan 31, 2022 2:37am Jan 31, 2022 2:37am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #650,120
- Jan 31, 2022 2:39am Jan 31, 2022 2:39am
- Joined Apr 2015 | Status: Trader | 1,067 Posts
{quote} You are on the right track with using eighths. I always find it amusing to see Fibonacci retracement numbers being tossed about that include NON-EXISTANT values such as 50% when clearly, the eighths not only cover the commonly used Fib levels, they are a better model for important levels and are simpler to calculate. But of course, simple rarely trumps complex when it comes to devising models for financial time series. After all, that is complex behavior, so there MUST be a complex model to describe it adequately. 50% retracements are VERY...
the digital era might use tenths now, but the market still behave in 1/8th's, my last post I used the SQ9 aka "Natural CYCLE of Numbers"
but this is what the exchange market in real life look like using GANN "Natural Price Levels", which is dividing the dollar by 2 4 8 ... etc
inner 1/8th's=156 pips=1.56 cent in exchange market
Fibonacci sequence 1 1 2 3 5 8 ...etc , is pure math that apply even in nature, but GANN traded the market, so his sequence is specific for financial markets.
cheers,
"the public is not yet ready for it" W.D. GANN