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Cable Update (GBPUSD)

  • #701,901
  • Oct 30, 2022 9:05am Oct 30, 2022 9:05am
My m30 still bearish, at res

Could be a dip towards some m1/m5 support
Time will tell
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COT: The precious data ignored
  • #701,902
  • Oct 30, 2022 9:21am Oct 30, 2022 9:21am
Quoting dantpm
{quote} Isn't everything below 30 minutes getting reset essentially by the end of the day Friday and start of the day Sunday?
Not in my system. Resets occur because of price failing to complete a cycle in the "normal " manner, not by time.
To free Gazans of Hamas, use whatever it takes.
  • #701,903
  • Oct 30, 2022 9:40am Oct 30, 2022 9:40am
Will this continue its hike even after the the US Fed raises the rates by 75 bp? Or will it retrace back first?
"No trade is still a trade." - Peter Borish
  • #701,904
  • Oct 30, 2022 10:22am Oct 30, 2022 10:22am
Quoting Waveskierrob
{quote} Thanks for your answer, so the second part of my question how do you know that an indicator is working and not just coincidental...cheers
Because I tested and tested indicators. My laptop starts @ 8 am and I shut down @ 12 am. All time I only spend time on charts. In morning I trade in indian market and from noon Forex. I use only one indicator RSI. And I do not use like overbought or oversold, 60-40, 70-30 or 80-20. I do not use these setting for buying and selling. I use RSI for stop loss... RSI tells you when to exit. I also use some candlestick as support and resistance using RSI. RSI tells you which is candlestick is support and which is resistance.
I will also soon share my live account on MQL5..
I hope you satisfied with my answer.. Cheers
!! Radha Radha !!
  • #701,905
  • Oct 30, 2022 10:59am Oct 30, 2022 10:59am
Quoting suhas316
{quote} Because I tested and tested indicators. My laptop starts @ 8 am and I shut down @ 12 am. All time I only spend time on charts. In morning I trade in indian market and from noon Forex. I use only one indicator RSI. And I do not use like overbought or oversold, 60-40, 70-30 or 80-20. I do not use these setting for buying and selling. I use RSI for stop loss... RSI tells you when to exit. I also use some candlestick as support and resistance using RSI. RSI tells you which is candlestick is support and which is resistance. I will also soon share...
Sorry still doesn't tell me how you know, but many thanks for trying to answer my question, will look forward to seeing your live trades ...Good luck ...
  • #701,906
  • Oct 30, 2022 11:04am Oct 30, 2022 11:04am
Quoting Milan
{quote} There is market structure shift - engulfing to short. P.S. I changed the counting a bit {image}
Quoting SocTrang83
{quote} your analysis of waves is very good , I'm just a rookie , maybe me and you waiting for more confirmation from Coreg204 to be sure not to lose money lol , I like his analysis and learn a lot , maybe both We all follow him
I wish I had a crystal ball knowing what's going to happen next or be a village philosopher to have answers to everything and advice for everyone. It's not the case so let's examine the charts. If you believe that Friday's support zone (1.1514-1.1452) will hold, the next play should be to the upside with two zones as a target: shallow 1.1685-1.1734 and extended 1.1778-1.1871.
Attached Image (click to enlarge)
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here is the short time frame with possible plays to take in that direction
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Now, I will leave the interested party to prove/disapprove what's working or not, have fun. ...
Always trade your own plan...I don't provide trading signals.
  • #701,907
  • Oct 30, 2022 11:24am Oct 30, 2022 11:24am
GU
D chart
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!! Radha Radha !!
  • #701,908
  • Oct 30, 2022 11:31am Oct 30, 2022 11:31am
Cable in my view is more likely to move downwards over the course of time towards 1.13500
  • #701,909
  • Oct 30, 2022 11:38am Oct 30, 2022 11:38am
Quoting PatienceFx
immediate problems facing UK & EU gas diesel wheat - Russia blocked exports from Ukraine - food basket of Europe making this winter the harshest for many people {image} {image}
Despite all issues you mentioned, biggest concern is Brexit and pressure is on Sunak to deliver what was promised.
  • #701,910
  • Oct 30, 2022 11:45am Oct 30, 2022 11:45am
Old but GOLD
Inserted Video
  • #701,911
  • Oct 30, 2022 12:03pm Oct 30, 2022 12:03pm
Quoting suhas316
GU D chart {image}
where is your RSI ??
in wondering about yourself, you forgot what you came here to be part of
  • #701,912
  • Oct 30, 2022 12:05pm Oct 30, 2022 12:05pm
Quoting Reda.el
{quote} Daily chart for me {image}
500 pips untill now ... with 0 draw
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #701,913
  • Oct 30, 2022 12:07pm Oct 30, 2022 12:07pm
Quoting knkie
{quote} where is your RSI ??
lol its not for others... it is only for me.... my trading chart setup is really different... I just show d levels here
!! Radha Radha !!
  • #701,914
  • Oct 30, 2022 12:11pm Oct 30, 2022 12:11pm
Quoting suhas316
{quote} lol its not for others... it is only for me.... my trading chart setup is really different... I just show d levels here
then why even mention it?
in wondering about yourself, you forgot what you came here to be part of
  • #701,915
  • Oct 30, 2022 12:13pm Oct 30, 2022 12:13pm
Quoting Houtbay
Cable in my view is more likely to move downwards over the course of time towards 1.13500
I will be looking closely at the 8m to see if it can continue further down, lending credence to 32m swinging down. However, the effort by the 8m is weak, so if the buyers come in strongly and close convincingly above 1.1625, there is another reset and the up swings must begin their upward progression from the 1m once again.
To free Gazans of Hamas, use whatever it takes.
  • #701,916
  • Oct 30, 2022 12:14pm Oct 30, 2022 12:14pm
Quoting knkie
{quote} then why even mention it?
Bro like I just said above ... I was just showing imp levels .... thats it... why you want RSI in it?
!! Radha Radha !!
  • #701,917
  • Oct 30, 2022 12:22pm Oct 30, 2022 12:22pm
Quoting Wavegarrick
{quote} A shot at it at 1.15705 for 1.16500 at least, Cheers. {image}
Hi Guys,
I am starting to get serious bullish signals from a weekly perspective. Take note. It is not a blind entry as I look at higher daily and 4hr candle open and close formations, patterns, support areas and so forth. Signals merely alert me to a possible scenario and I react with a bias towards it. Weekly time frames should also be seen in context and can have retracements amounting to a few hundred pips.
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Future weekly pivot just above 1.1500 and comforting would be a monthly candle close above 1.16000 which is at end of day tomorrow. Well we have a weekly close above 1.16000 at least. I will be looking for retraces towards 1.150000 for possible buy entries.
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Have a great week,
Cheers
Trade to trade another day
  • #701,918
  • Oct 30, 2022 12:34pm Oct 30, 2022 12:34pm
For me i see a fake up manipulation about 150 pips (Monday) and after a bearish trend ...
Attached Image (click to enlarge)
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #701,919
  • Oct 30, 2022 1:13pm Oct 30, 2022 1:13pm
Quoting suhas316
{quote} Bro like I just said above ... I was just showing imp levels .... thats it... why you want RSI in it?
Look, Bro
You are the one who first said you could use indicators for trading
But then it turns out you actually dont use any indicators for triggers but SR levels and RSI for Stoploss.

You are the one that brought up RSI as a Stoploss indi. Not me.
And then you said it was special and you dont want to show it.

If your RSI is so mysterious then dont bring it up.
in wondering about yourself, you forgot what you came here to be part of
  • #701,920
  • Oct 30, 2022 1:20pm Oct 30, 2022 1:20pm
Quoting knkie
{quote} Look, Bro You are the one who first said you could use indicators for trading But then it turns out you actually dont use any indicators for triggers but SR levels and RSI for Stoploss. You are the one that brought up RSI as a Stoploss indi. Not me. And then you said it was special and you dont want to show it. If your RSI is so mysterious then dont bring it up.
It's not so mysterious lol... you taking it personally .... I think you haven't read my first post about "everything works in this trading world if you know how to use it"
That was my line... I am saying everything works... not just RSI or some special indicators...

And I posted this because someone on this forum was saying indicator and chart doesn't matter. Thats why I posted it.
!! Radha Radha !!
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