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Cable Update (GBPUSD)

  • #690,761
  • Oct 2, 2022 8:36am Oct 2, 2022 8:36am
Quoting Pat Chiko
{quote} Trading gold is worst than playing roulette in casino. It spike up down taking out everyone. I got my hand burned many many times........ I hate when profit got wiped out in one spike of 200 pips Making my bladder burst........
Hahahahahahah, i tried and got lucky after noticing what you just said.
I don't go anywhere without my fix stop loss so i knew it will be smashing my stop losses
and if don't want it to smash my stop losses then it meant that i have to extend my SL's and that was a no go area for me so i had pack my loads.
Cheers to those who can stay with it, for me i don't have that strength for the emotional beatings.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #690,762
  • Oct 2, 2022 8:37am Oct 2, 2022 8:37am
Quoting bluesteele
{quote} Hey B.. Hope all is well Saw your post and thought id share how I approach.... I mainly am a intraday trader..Im in and out either in the session im trading or by EOD NY... with that said Im normally not going on any Fundamental Bias... Sometimes I will have a larger TF technical bias...and I execute on the 1m and 5m charts... With that said... ASIA was a simple straightfwd short setup..3 session push London NY ASIA...price is above my 100 pip box....and wheres the normal stophunts.. 25-50 pips above/below the 100 pip box... we have...
I appreciated the effort you put in to detail of this post, I would like to learn more from your experience.

My impression is your work show a very good composition of a trading day. The quarterly are the sell above the 75% mark and buy below the 25% of the session range, for Asia after opening price went down giving us the Asian Low, then after the 3 pushes and few action which formed the DT the Asian range is completed and we have the quarterly defined at 25% or 75%, right?

Between the London session and New York session there is a gap time, not very clear when is the gap time start and end in order to read the gap time High or Low; then after the US session start, there is one more important marker, the equity open,... Here you press in case of a reversal of London move, (as we see price movement on chart) buy below the quarterly, but here the US session is not end how can we define the o to 100% fib to read the quarterly?

Also you said there is a pattern If I could ask for a similar break down not GU or EU (both are strong runner in the London session) but Au or UJ they are typically strong in Asian or in US session would the behavior still can be break down like these so that we can have a completed picture of how to read/expect the would-be trading day move from different session participants

Further more how is it for a market not open/close like FX, but running through out like we have in Crypto 7 days week closing 1 or 2 hrs a day. Take the BTCUSD like the attached picture would you still see clear pattern repeat like here in the case of EU
- first is the 1 week Sat to Sat 17/9 to 26/9 so you see the weekly movement
- second I take of one trading day (you chose any and why Tuesday, Thursday or Sat) I see price moving up down seemly not followed any rule, with a lot of wicks to both sides, would you still could see clearly the movement in the 3 sessions you divide the trading day similarly to EU

I am sorry the question is very long and would occupy a lot of your time, but I think for an expert in his field these challenging question is no work only a nice puzzle game of pasture I will appreciated very much when receive your break down so I could compare to the very good example in EU to learn more of this method, Reading that post of your has captured immediately my attention, I thik it does make sense, but maybe I am too inexperience, and too easy prey for others to impress
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: BTCUSD Fri.png Size: 28 KB
Click to Enlarge Name: BTCUSD Tue.png Size: 26 KB
Click to Enlarge Name: BTCUSD 1 week.png Size: 48 KB
  • #690,763
  • Oct 2, 2022 8:53am Oct 2, 2022 8:53am
Quoting bluesteele
{quote} Hey B.. Hope all is well Saw your post and thought id share how I approach.... I mainly am a intraday trader..Im in and out either in the session im trading or by EOD NY... with that said Im normally not going on any Fundamental Bias... Sometimes I will have a larger TF technical bias...and I execute on the 1m and 5m charts... With that said... ASIA was a simple straightfwd short setup..3 session push London NY ASIA...price is above my 100 pip box....and wheres the normal stophunts.. 25-50 pips above/below the 100 pip box... we have...
I think the Asian trading box you given 100P, is not as short written in pips, is it correct? no you said pip added to 100, not even pips... now I am confused

Does it mean after Asian moved up down, in a definite time period like 4hrs, giving you a range, you have your box and can pull fibo from 0 to 100, to get your quarterly at 25 or 75%, then only now you could have your height of SH box either 25P to 50P on top or at bottom of the defined Asian box to use for the rest of the day, ... Is my interpretation of the P correct?

Otherwise I dont understand if the Asian box is 100 pips high, then the SH stack on top would be 25 to 50 pips, and at bottom 25 to 50 pips to, then we have 200 pips box in total, what for and the question is from where you will position the 200 pips box? and why the 200 pips drawing at begin of a day, does it means you or this method assume price move more a less 200 pips a day?
  • #690,764
  • Oct 2, 2022 9:05am Oct 2, 2022 9:05am
Never watch or take noticed of news, spoils my judgement but as always its always thrusted upon us if we like it or not ....just seen this...coincidence I'll let you be the judge...
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  • #690,765
  • Oct 2, 2022 9:09am Oct 2, 2022 9:09am
Quoting Waveskierrob
Never watch or take noticed of news, spoils my judgement but as always its always thrusted upon us if we like it or not ....just seen this...coincidence I'll let you be the judge...{image}
of course he did… then Odey blamed Remainers sentiments for the fall of the pound…

a bit like Truss blaming BMW for the failing economy

https://www.topgear.com/car-news/sat...ays-government
Insane in the Brain..
  • #690,766
  • Oct 2, 2022 9:11am Oct 2, 2022 9:11am
Quoting Waveskierrob
Never watch or take noticed of news, spoils my judgement but as always its always thrusted upon us if we like it or not ....just seen this...coincidence I'll let you be the judge...{image}
...if you think this is true, ask yourself why are you still using tech and fundie analysis, serious question ( I know I can't believe either but have been told I only make jokes and fool around)........
Attached Image (click to enlarge)
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  • #690,767
  • Oct 2, 2022 9:15am Oct 2, 2022 9:15am
Quoting BeeTogether
{quote} of course he did… then Odey blamed Remainers sentiments for the fall of the pound… a bit like Truss blaming BMW for the failing economy https://www.topgear.com/car-news/sat...ays-government
Blaming BMW that's a new one on me ....still there are many excuses to choose from (notice I didn't put a full stop after my sentence. F minus Patski go to back of class)....
  • #690,768
  • Oct 2, 2022 9:16am Oct 2, 2022 9:16am
Quoting Aussi
{image}{image} and one should look
Hi Aussi
I sent you a pm on 7th Sept simply asking if your trading approach has changed since your first post. Then I find you banned me ?
every Saint has a past. Every Sinner has a Future
  • #690,769
  • Oct 2, 2022 9:32am Oct 2, 2022 9:32am
Quoting Waveskierrob
Never watch or take noticed of news, spoils my judgement but as always its always thrusted upon us if we like it or not ....just seen this...coincidence I'll let you be the judge...{image}

is here not what was called a conflict of interest or insider trading?

My first impression that I lived too long into the non-fitting era,and that we are living in a "civilized and modern time" is when Pres. Clinton has a sex tap in the Oval office but no no it was no more a ground for someone to resign anymore, nor feel ashamed at all, being a single or married reside on high level Goverment office sit. When these meeting of future treasurer and hedgefund managers become the norm regularity, then thank you very much for the ice on my birthday's cake
  • #690,770
  • Oct 2, 2022 9:38am Oct 2, 2022 9:38am
Quoting Waveskierrob
Never watch or take noticed of news, spoils my judgement but as always its always thrusted upon us if we like it or not ....just seen this...coincidence I'll let you be the judge...{image}
That came up in a TV programme at 9am in the UK today. Truss was asked about K's meetings and she simply said," I don't manage his diary."
Interesting times. Some think Truss will go down in history as the prime minister who F@ck@d up the UK economy and battered the reputation of the Tory Party, and all within a week.
She also refused to show any research prior to her mini (wrecking) budget being announced on her selection as prime minister. She said she wants to hit the ground running - yes - and, at the same time - ran straight into an economic brick wall.
Next week is Tory conference week - should be entertaining. Look for opportunities for cable shorts?
every Saint has a past. Every Sinner has a Future
  • #690,771
  • Oct 2, 2022 9:56am Oct 2, 2022 9:56am
Just stumbled upon the existence of this thread..

https://www.forexfactory.com/thread/1017657-cable-update-gbpusd-without-idiots?

  • #690,772
  • Oct 2, 2022 10:03am Oct 2, 2022 10:03am
Quoting tenkanzen
Just stumbled upon the existence of this thread.. https://www.forexfactory.com/thread/1017657-cable-update-gbpusd-without-idiots?
A thread with no charts , thought I died and gone to heaven, but there was charts and no traffic...
  • #690,773
  • Oct 2, 2022 10:27am Oct 2, 2022 10:27am
Hourly chart:
Engulfing Bearish
Three Outside Down Bearish.

Daily chart:
Doji Star Bullish
Three Inside Up Bullsih.

Weekly:
N/A.

Monthly:
Dragon Fly Doji.

Take your pick.
  • #690,774
  • Oct 2, 2022 10:42am Oct 2, 2022 10:42am
Quoting Waveskierrob
Never watch or take noticed of news, spoils my judgement but as always its always thrusted upon us if we like it or not ....just seen this...coincidence I'll let you be the judge...{image}
Of course he did, was clear reading his past experience, also called inside trading.
  • #690,775
  • Oct 2, 2022 10:56am Oct 2, 2022 10:56am
Quoting Wavegarrick
{quote} A Final word for you numb nut, it is lose not loose, Crumbs and English is my second language. Good luck with your new found friendship.
I think this forum is for trading and not for improving English skills....with respect
  • #690,776
  • Oct 2, 2022 11:19am Oct 2, 2022 11:19am
Quoting Robinhood1
{quote} Nothing better to do on a sunday mate? {image}
At last Target above 20181
POSTMASTER
  • #690,777
  • Oct 2, 2022 11:25am Oct 2, 2022 11:25am
Quoting Indiara
{quote} It definitely is not easy! For me there is no 'cutting the corners'....just like in my car. If I cut the corners, I might get away with for a while. But for sure, I will meet a car coming the other way one day, and I will get hurt. So, no cutting the corners, no trading outside the plan, ever!! Is hard to do, especially when other traders make many pips and I cannot. But is necessary. I lost no pips for this whole month. I am very proud of that. Other traders made many more pips than me, and I am happy for them. One day I might be able to...
BE this month especially is quite a feat. This aggressiveness is not seen every month and account wipping has been predominant. congratulations
POSTMASTER
  • #690,778
  • Oct 2, 2022 11:27am Oct 2, 2022 11:27am
Quoting Waveskierrob
{quote} So far so good
Waveski, are you telling me that predicting, forecasting, identifying, or modeling future behavior based on history actually works? I gotcha, finally.
Always trade your own plan...I don't provide trading signals.
  • #690,779
  • Oct 2, 2022 11:34am Oct 2, 2022 11:34am
Just for fun...

and I repeat...just for fun...

Let's just do a fun grouping..

Members who believe Cable opens Green:

Members who believes Cable opens Red:
  • #690,780
  • Oct 2, 2022 11:48am Oct 2, 2022 11:48am
Quoting tenkanzen
Just for fun... and I repeat...just for fun... Let's just do a fun grouping.. Members who believe Cable opens Green: Members who believes Cable opens Red:
red for me… useless Liz spoke this morning always a bad start
Insane in the Brain..
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saidi01