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Cable Update (GBPUSD)

  • #650,161
  • Jan 31, 2022 6:28am Jan 31, 2022 6:28am
Quoting Mr.Burger
{quote} lol kidding brother don't be serious
no worries bro, I was joking too just stop kicking me LOL
"the public is not yet ready for it" W.D. GANN
  • #650,162
  • Jan 31, 2022 6:31am Jan 31, 2022 6:31am
Quoting Kwt4x
{quote} no worries bro, I was joking too just stop kicking me LOL
no no no forget it and my apologies, I just need some fun
Daddy, Brother, Lover, Little Boy
  • #650,163
  • Jan 31, 2022 6:34am Jan 31, 2022 6:34am
Quoting DrDave
{quote} The D1 (really, D2) is moving inside the W2 up swing. This view holds unless price continues far enough down to invalidate it.
Thanks for that.

On the t/f's I operate on it doesn't really matter what the dly + t/f's are doing re trend/range but I keep up to speed with it more just for a rounded view of what is happening with the instrument across these longer t/f horizons.
Trader with an Edge.
  • #650,164
  • Jan 31, 2022 6:36am Jan 31, 2022 6:36am
Quoting Mr.Burger
{quote} Base's not fresh anymore, point ( B ) is the culprit, the zone has been kick {image}
too much resistance before reversal, I missed a lot of unexpected movement lock trade on BE

Attached Image (click to enlarge)
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Daddy, Brother, Lover, Little Boy
  • #650,165
  • Jan 31, 2022 6:37am Jan 31, 2022 6:37am
Quoting Mitiblotch
I hate sell limits! But I want to try something: Sell limit: 3440. SL: 3470. TP: at least 3400. I don't think today is a sell day like that. More like break up, break down then range.
Out at 3412. +28 pips in my pocket. I was busy as usual and missed the run to 3395. But profit is profit and 28 pips is no joke in this market!
  • #650,166
  • Jan 31, 2022 6:52am Jan 31, 2022 6:52am
Quoting Headland
{quote} Thanks for that. On the t/f's I operate on it doesn't really matter what the dly + t/f's are doing re trend/range but I keep up to speed with it more just for a rounded view of what is happening with the instrument across these longer t/f horizons.
Actually, the "state" of a swing on a higher TF is dictated by the behavior of smaller TFs. But keeping in mind that swings have a tendency to run about 5-10 bars, it should be obvious why a W1 on bar 2 of a new swing results in smaller TFs tending to yield better results with short positions. The W1 down swing can only end by smaller TFs going into up trends that must propagate up through the TF until price is able to progress upward far enough to turn the W1 up. If the "next" TF in the progression fails to sustain the uptrend and turns back, then every TF below that must repeat the process of going into up trends. When this failure-repeat cycle on smaller TFs happens several times, this will appear on the larger TFs as ranging, stalling, or, for big enough TF, not even register (because it is all happening inside of a single open bar on that big TF).
To free Gazans of Hamas, use whatever it takes.
  • #650,167
  • Jan 31, 2022 7:03am Jan 31, 2022 7:03am
Quoting DrDave
{quote} Actually, the "state" of a swing on a higher TF is dictated by the behavior of smaller TFs. But keeping in mind that swings have a tendency to run about 5-10 bars, it should be obvious why a W1 on bar 2 of a new swing results in smaller TFs tending to yield better results with short positions. The W1 down swing can only end by smaller TFs going into up trends that must propagate up through the TF until price is able to progress upward far enough to turn the W1 up. If the "next" TF in the progression fails to sustain the uptrend and turns...
Nice exposition of that 'process.' If for eg the 30min (+) are in downtrends and support is encountered resulting in t/f's to say 5min going into uptrends, even though 5min may be @ a HH ( per 3 candle fractal analysis,) but this coincides with a potential LH on 30min, (in the 1min/30min/2hr triple t/fcombo.) [Potential because it won't be fractal yet.] This would not necessarily stop me getting short again (to join or re-join the 30min [+] downtrend @ a discount) @ potential sbr on the 2hr t/f, on a 30min bearish hidden divergence signal particularly if combined with regular bearish div or extreme o/b reads on 5min to potentially better time the entry. What it would do however is see me exercise caution in that the t/f's to 5min have exhibited strength to that point, off support, and this might be the start of 'the process' of trend reversal or ranging on the 30min (+) t/f (s.) As you indicate, it starts bottom up.
Trader with an Edge.
  • #650,168
  • Jan 31, 2022 7:18am Jan 31, 2022 7:18am
mileuristas corporativos
POSTMASTER
  • #650,169
  • Jan 31, 2022 7:19am Jan 31, 2022 7:19am
Strong movement breaking the trend lines, expecting bearish movement until some consolidation.
Attached Image (click to enlarge)
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The trend lines you see on my charts, are created using Neural Networks
  • #650,170
  • Jan 31, 2022 7:42am Jan 31, 2022 7:42am
Quoting mysterio
{quote} Alright now no buys until 1.3358 is surpassed Classic PA this morning, compression, run on liquidity, sellers primed and stop hunted, sell off
Hii mysterio , could you please post a chart explaining all these it will be of great help please
  • #650,171
  • Jan 31, 2022 7:52am Jan 31, 2022 7:52am
Quoting Headland
{quote} Nice exposition of that 'process.' If for eg the 30min (+) are in downtrends and support is encountered resulting in t/f's to say 5min going into uptrends, even though 5min may be @ a HH ( per 3 candle fractal analysis,) but this coincides with a potential LH on 30min, (in the 1min/30min/2hr triple t/fcombo.) [Potential because it won't be fractal yet.] This would not necessarily stop me getting short again (to join or re-join the 30min [+] downtrend @ a discount) @ potential sbr on the 2hr t/f, on a 30min bearish hidden divergence signal...
This would not necessarily stop me getting short again (to join or re-join the 30min [+] downtrend @ a discount) ...

This is one of the advantages of actually using all of the TFs that are at your disposal rather than staying rigidly fixed to 1 or 2. For example, if smaller TFs are progressing with trends in the opposite direction from your trade, you can already be making analyses of what action to take if the progression continues to the next higher TF, or if it fails at this TF. Often times acting on the failures brings unexpected large gains. In addition, when the volatility is great enough, it makes possible trading both the impulse swings and corrective swing in a trend with essentially the same rules.

Those who select a high TF for direction and then drop to a quite small TF for entry and trade management will miss these kinds of opportunities and warnings of likely problems ahead that unfold on the TFs that are located in between their 2 chosen TFs.
To free Gazans of Hamas, use whatever it takes.
  • #650,172
  • Jan 31, 2022 8:00am Jan 31, 2022 8:00am
Quoting DrDave
{quote} Jolita, Here is what I see on GBPUSD. It is highly likely that the D2 down swing has ended. H8 has begun a lackluster up swing, so now watching smaller TFs that have already turned down to see if they continue down far enough to reverse the poor H8 up swing and send it either into a pullback or even further to a bona fide continuation of the down swings of the TFs above it. At the start of the new week, especially interested in M30 to see if it is ending its rally and starting a down continuation. Although M30 is a bit far from H8, the H8's...
Clearly, buyers stepped in and took the H8 significantly higher. It is highly likely that H8 has now run its course, so I am biased for shorting opportunities on smaller TFs, but keeping an eye out for failures that might provide buy setups.
To free Gazans of Hamas, use whatever it takes.
  • #650,173
  • Jan 31, 2022 8:10am Jan 31, 2022 8:10am
Quoting Robinhood1
{quote} I may be wrong {image}
My 2 scenarios:

1.- 13470 closing my longs as it could head below 13300.

2:- adding below 13374 as it should reach 13795 and thus start an uptrend

Simple & Clean

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POSTMASTER
  • #650,174
  • Jan 31, 2022 8:11am Jan 31, 2022 8:11am
Quoting Robinhood1
mileuristas corporativos
no rush , you are swing
  • #650,175
  • Jan 31, 2022 8:15am Jan 31, 2022 8:15am
Quoting mysterio
{quote} Alright now no buys until 1.3358 is surpassed Classic PA this morning, compression, run on liquidity, sellers primed and stop hunted, sell off
I forgot to say-- it is Monday and end of month so the usual rules don't apply

I stopped trading for the day and won't try to be a hero here, everything closed

trade safe
  • #650,176
  • Edited 8:46am Jan 31, 2022 8:35am | Edited 8:46am
too early to think but lets see how it plays ! , now targeting 3454/ towards 3467only, if not ++, limit down 3423, so likely down 3426 to try as high as possible or correct again as failure !! so no bias here. 3426 important if top extension while 3423 as limit and both likely in play before ot after 3454 /even 67 reach!
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #650,177
  • Edited 9:54am Jan 31, 2022 8:42am | Edited 9:54am
Quoting Mr.Burger
{quote} too much resistance before reversal, I missed a lot of unexpected movement lock trade on BE {image}
when I doubt, I have to get-out, closed all positions OK

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 68 KB


edit : add text reason

--- sideways in my eyes
Daddy, Brother, Lover, Little Boy
  • #650,178
  • Jan 31, 2022 8:44am Jan 31, 2022 8:44am
Quoting Isabella_D
{quote} no rush , you are swing
I am scalping a little bit today which is not my style. I will hold 50% longs if i beleive its heading below 13300. I have adjusted Gannīs mathematical formula to 1/10. Iīll see the outcome, so far so good. cheers
POSTMASTER
  • #650,179
  • Jan 31, 2022 8:49am Jan 31, 2022 8:49am
Quoting Isabella_D
{quote} no rush , you are swing
Attached Image (click to enlarge)
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POSTMASTER
  • #650,180
  • Jan 31, 2022 8:55am Jan 31, 2022 8:55am
Bears can try to sell from 1.345 with a stop above 1.352. Target 1.33 and below.

I still expect a bigger bullish candle after a hawkish BOE this week.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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