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Cable Update (GBPUSD)

  • #712,181
  • Dec 7, 2022 7:16am Dec 7, 2022 7:16am
Quoting kuroro001
{quote} He will sooner or later And i like Williams indicator, WPR is the best to me
hmmm i will look at that one.

I went through an indicator fase years ago and then came to the conclusion that every indicator is just a delayed reaction to what price is doing.
I threw out all the indicators and just started looking at price.
Sometimes its tough but in the end i think its the best way to trade. Just price action.

but to each his/her own. If it works use it !
but if its clearly not working get rid of it lol
in wondering about yourself, you forgot what you came here to be part of
  • #712,182
  • Dec 7, 2022 7:19am Dec 7, 2022 7:19am
Look like same pattern as yesterday, especially EU, as i trade there, but i take GU as reference because GU forum most active
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #712,183
  • Dec 7, 2022 7:22am Dec 7, 2022 7:22am
Quoting knkie
{quote} hmmm i will look at that one. I went through an indicator fase years ago and then came to the conclusion that every indicator is just a delayed reaction to what price is doing. I threw out all the indicators and just started looking at price. Sometimes its tough but in the end i think its the best way to trade. Just price action. but to each his/her own. If it works use it ! but if its clearly not working get rid of it lol
Its very true, price is telling you what to do first

But WPR applied directly on chart (aka coloring candles) is working nicely.

But as you said "to each his/her own", as long as it works
COT: The precious data ignored
  • #712,184
  • Dec 7, 2022 7:24am Dec 7, 2022 7:24am
Another EU/GU daily pivot retest, this time from above, would be good, and below it would be better
COT: The precious data ignored
  • #712,185
  • Dec 7, 2022 7:27am Dec 7, 2022 7:27am
Quoting shakmoney
{quote} you have been on the short side , what side now ?
I already pointed at 1.19 area in my previous post but a close today above 1.2250 will invalidate 1.19 this week.
Data + Stat + Risk/Emotions Management
  • #712,186
  • Dec 7, 2022 7:34am Dec 7, 2022 7:34am
This 40 pip range is quite sleepy… heads it will break up tails it will correct downwards
Insane in the Brain..
  • #712,187
  • Dec 7, 2022 7:34am Dec 7, 2022 7:34am
Quoting kuroro001
{quote} Its very true, price is telling you what to do first But WPR applied directly on chart (aka coloring candles) is working nicely. But as you said "to each his/her own", as long as it works
There are very few indicators that perform accuratelty all the time, perhaps none. In my view, used as support to a unique system.
POSTMASTER
  • #712,188
  • Dec 7, 2022 7:39am Dec 7, 2022 7:39am
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yes yes yes
  • #712,189
  • Dec 7, 2022 7:43am Dec 7, 2022 7:43am
Quoting knkie
{quote} yes agreed but i was hoping Moty would see that The AO is a Bill WIlliams indicator. 5/34 MA crosses. It is meant to be used with other Bill Williams indicators like his 5 bar fractal
From a technical standpoint, either 4/32 or 5/40 would be a bit better than 5/34.
To free Gazans of Hamas, use whatever it takes.
  • #712,190
  • Dec 7, 2022 7:44am Dec 7, 2022 7:44am
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!! Radha Radha !!
  • #712,191
  • Dec 7, 2022 7:46am Dec 7, 2022 7:46am
Quoting knkie
{quote} hmmm i will look at that one. I went through an indicator fase years ago and then came to the conclusion that every indicator is just a delayed reaction to what price is doing. I threw out all the indicators and just started looking at price. Sometimes its tough but in the end i think its the best way to trade. Just price action. but to each his/her own. If it works use it ! but if its clearly not working get rid of it lol
So, you look just at the incoming ticks??? Because price bars are also just another indicator that "hides" via agglomeration what price is doing.
To free Gazans of Hamas, use whatever it takes.
  • #712,192
  • Dec 7, 2022 7:49am Dec 7, 2022 7:49am
come on !!!!!
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yes yes yes
  • #712,193
  • Dec 7, 2022 7:55am Dec 7, 2022 7:55am
Quoting Georginson
{quote} I already pointed at 1.19 area in my previous post but a close today above 1.2250 will invalidate 1.19 this week.
Georginson, I saw your previous post with the target @1.19 and agreed with your comment. I contemplated "accusing" you (again) of using EW analysis... but I restrained myself. What is so significant about 1.2250?
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #712,194
  • Dec 7, 2022 7:57am Dec 7, 2022 7:57am
Quoting Robinhood1
{quote} There are very few indicators that perform accuratelty all the time, perhaps none. In my view, used as support to a unique system.
Indicators are a visual display of the results of mathematical calculations. As long as the equipment doing the calculations has no errors, then the indicators perform accurately ALL THE TIME, EVERY TIME. However, a person's interpretation of some kind of signal from that indicator, such as entering a trade or exiting a trade, when checked for correlation with a winning outcome for a series of trades can certainly show poor correlation. But that is not due to the indicator not performing accurately, but rather from how the person uses the indicator.

Because nearly any indicator that uses price as input can have its parameters adjusted to give nearly the same signal as any other indicator in the group, there are many, many indicators available to the trader that simply need to have the parameters adjusted to produce satisfactory results.
To free Gazans of Hamas, use whatever it takes.
  • #712,195
  • Dec 7, 2022 7:59am Dec 7, 2022 7:59am
Quoting DrDave
{quote} From a technical standpoint, either 4/32 or 5/40 would be a bit better than 5/34.
i was just quoting the BW definition
in wondering about yourself, you forgot what you came here to be part of
  • #712,196
  • Dec 7, 2022 7:59am Dec 7, 2022 7:59am
Quoting Bella.al
{quote} Current Rate :1.22034 Slow Market . However, 'Bella's Price Momentum +0.12' still on my side Positive. I still haven't protected the position by moving stoploss . Looking for Objective 1 -Bella's Blue {image}
Current Rate : 1.21857

It's again doing the "Bella's Support : 1.21724" Test... waiting for an Update:

-Bella's Blue
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Goddess of Thunder..
  • #712,197
  • Dec 7, 2022 8:00am Dec 7, 2022 8:00am
Quoting DrDave
{quote} So, you look just at the incoming ticks??? Because price bars are also just another indicator that "hides" via agglomeration what price is doing.
i agree that price bars are a first derivative of price ticks
indicators are a second derivative.

Price bars are good enough for me
As long as there is momentum from M30 down to M5 i usually trade well.
in wondering about yourself, you forgot what you came here to be part of
  • #712,198
  • Dec 7, 2022 8:01am Dec 7, 2022 8:01am
4pm here feeling sleepy now… work is boring me as is the movement today time to hibernate

SL set to b/e 12213 TP 12100
Insane in the Brain..
  • #712,199
  • Dec 7, 2022 8:19am Dec 7, 2022 8:19am
Quoting knkie
{quote} i was just quoting the BW definition
I understood that. I just provided some technical information for anyone that would like to try tweaking some settings to see if they yield any better results than the default values.
To free Gazans of Hamas, use whatever it takes.
  • #712,200
  • Edited 8:36am Dec 7, 2022 8:20am | Edited 8:36am
POdium 38.2 wait to dip iv ot green$booster switchonetime ldn close$trends line up each can draw your own whatever... / or baal watch paint dry
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