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Cable Update (GBPUSD)

  • #651,041
  • Feb 6, 2022 1:34pm Feb 6, 2022 1:34pm
Quoting parisboy
{quote} We cannot compare a 4 H Chart / Trend and a Monthly Chart {image}
I'm not.
Where did you get the idea I was trying to compare the two.
I never said anything about 4hr.

I was trying to understand what DrDave meant by a higher TF uptrend.
Compulsions can be hard to resist
  • #651,043
  • Feb 6, 2022 1:37pm Feb 6, 2022 1:37pm
Quoting parisboy
{quote} We cannot compare a 4 H Chart / Trend and a Monthly Chart {image}
Of course an H4 and MN chart can be compared. After all, look how the H4 swings move during the entire month that the MN1 bar is forming.

But outside of that, with the charts to Line Charts, zoom out, cover up the price and time axes, and just look at how the price line moves.

There is no difference in the structures that form. None. Do this with any TFs that you want, print them out, and give them to anyone and ask them what the TF is. The only correct guesses are the result of chance, not because of "clues" in the structure.

You can already see this with many "unmarked" images that I have posted. Without some "clues", there is no way to tell what TF those images are taken from.
To free Gazans of Hamas, use whatever it takes.
  • #651,044
  • Feb 6, 2022 1:39pm Feb 6, 2022 1:39pm
Quoting NotSoHard
Hidden
LOL
To free Gazans of Hamas, use whatever it takes.
  • #651,045
  • Feb 6, 2022 1:39pm Feb 6, 2022 1:39pm
A rate hike of 0.25% did not impress market participants. But bullish bias still stands.
Are the bulls serious?
Risk Management is of utmost importance!
  • #651,046
  • Feb 6, 2022 1:43pm Feb 6, 2022 1:43pm
A rate hike,
Then this
https://www.forexfactory.com/news/11...tells-observer

Confusion in the markets
Compulsions can be hard to resist
  • #651,047
  • Feb 6, 2022 1:47pm Feb 6, 2022 1:47pm
Quoting DrDave
{quote} At the time that I posted it, there was no need to specify TFs because it was merely an example. {image} Until MN8 turns down, no chance of the "big" direction being down.
MN1 = 1 minute? 1 month? Something else? Thanks, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #651,048
  • Feb 6, 2022 1:50pm Feb 6, 2022 1:50pm
GBPUSD Monthly

Centered Moving Averages 16 (months° and 32 (months) have turned UP
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  • #651,049
  • Feb 6, 2022 1:53pm Feb 6, 2022 1:53pm
Quoting NotSoHard
Hidden
Did I missed the party, wtf is going on? Waverick actually directed that message to me????
  • #651,050
  • Feb 6, 2022 3:28pm Feb 6, 2022 3:28pm
Quoting NotSoHard
Hidden
Hello mate, first and foremost I do want you to know that this post is not intended to attack or confront you in anyway. I don't see reasons Wave (Leon) should be attacked this way, as he's one of the best contributors in this thread and has been consistent for years here. I do assume you are new to this thread and you also have a lot to share to help others too. Please refrain from your attacks on Leon or any other member you may not agree with in the future. We have already lost a lot of fantastic contributors in this thread. Let's respect one another and politely disagree with one another too if need be. Your contributions are useful and I look forward to more useful posts from you.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #651,051
  • Feb 6, 2022 3:35pm Feb 6, 2022 3:35pm
Quoting TooSlow
{quote} MN1 = 1 minute? 1 month? Something else? Thanks, Mate.
A very common convention:
M minute
H hour
W week
MN month
Q quarter
Y year
To free Gazans of Hamas, use whatever it takes.
  • #651,052
  • Feb 6, 2022 3:37pm Feb 6, 2022 3:37pm
GBPUSD price action on the daily time frame is sideways. Price action was bullish for the first three days of last week but after market indecision on Thursday, bears seized on bullish missteps on Friday. Presently, bearish price action has printed a rejection candlestick below the horizontal resistance at the 1.35900/1.36420 area (red) and breaking below the 1.37450/1.35600 weekly supply zone (purple). However, the shadows on both ends of the bearish candlestick indicate that bears are not fully in control of market operation. We can expect further sideway, or even northward move, of price action in the early part of this week should bulls regain control of price action.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #651,053
  • Feb 6, 2022 4:22pm Feb 6, 2022 4:22pm
Market open. Who's taking their first sell trade???? let ride this shit down to 1.3373
  • #651,054
  • Feb 6, 2022 5:03pm Feb 6, 2022 5:03pm
Quoting 7division
Market open. Who's taking their first sell trade???? let ride this shit down to 1.3373
Imo London buy from low and sell from friday high, could be tricky, after NY buy could be very interesting
  • #651,055
  • Feb 6, 2022 5:20pm Feb 6, 2022 5:20pm
closed shorts 13532. BE

opened longs 13534
POSTMASTER
  • #651,056
  • Feb 6, 2022 5:22pm Feb 6, 2022 5:22pm
Quoting Gym4life
{quote} Imo London buy from low and sell from friday high, could be tricky, after NY buy could be very interesting
Let see what happen. Robot gave a sell signal so we go for it. Trying to flip a small account quick yo
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  • #651,057
  • Feb 6, 2022 6:17pm Feb 6, 2022 6:17pm
Let the price move whenever it want. We just follow.
Dont order market to follow you xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #651,058
  • Feb 6, 2022 6:31pm Feb 6, 2022 6:31pm
Sell until 1.34xx demand zone. Trade safe.
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  • #651,059
  • Feb 6, 2022 7:12pm Feb 6, 2022 7:12pm
Swing that started at 13159 will resume around 14800. I maybe wrong
POSTMASTER
  • #651,060
  • Feb 6, 2022 7:18pm Feb 6, 2022 7:18pm
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.
No 12900 this year. I may be wrong
POSTMASTER
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