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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

How can you create a channel if the spike (red arrow) is missing. Look it up on MT4/5
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PHASE II running 666
GU imp level 1.2640 and 1.3000 on upside
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Quoting mysterio
I'll post a full analysis later but I think we'll sweep both sides of this range next week. Probably upside first so buy the dip, but we'll see how asia pans out. I expect bears to kick in big style after last Mondays high is swept {image}
On m30 i'm seeing this. On bookmap most of the liquidity is residing above but we'll have a clearer picture on Monday morning
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Quoting TheWolf
Tried my best to outline those Resistance and Support areas as best as I could. I might have missed on some pair, but all in all, should be good. {image} {image} {image} {image} {image} {image}
Hi Sir Wolf. Congrats. Croacia and the area always provides good athletes in many modalities having a limited population. Did you know that Tesla was Croatian?
PHASE II running 666
Quoting gjgriff
Hi Friends, I don't know who posted this image/projection a couple of weeks ago. I'm wondering if anyone would also care to make their 2023 projections for the next twelve months. {image}
Quoting Bainbrito
GBPUSD should remain bullish for the near future and possibly medium future - 1.3 in sight, this area is a 'fair price zone' or volume Point of Control where cable was balanced for a significant time, I think we are almost certain to reach it although a retrace seems overdue, 5 consecutive bull weeks, however this last week has printed an inside bar which to me looks prime to break out in a new uptrend. {image} This view is supported by the indices, DXY in a downtrend, BXY in an uptrend. {image}{image}
Quoting nAVIN2007
{quote} Yes that is an important turning point in a trader mindset, we can know everything about market movement and still it can go wrong, must understand money management is key to any trade and what will happen will happen. long term trend is paramount and key to everything, all else is noise..gotta stick to your conviction and understand, this is zero sum game..the fish will be shot in the barrel..and we need to understand this I thought your analysis was top notch and 1 year back im not sure if u had the same hindsight,...
Very interesting mates, thanks a lot for sharing ! Especially interesting to me because I am a data junkie and GBPUSD only has +-40 year candles to go on for whole year analysis, which is too little for me to work with. I don't use fundamentals, only technicals... For whole year, I guess that fundamental traders have more insight worth looking into, more to act upon? Nonetheless, I do position trading when I get lucky with a swing setup that happens to happen at the right moment; example: prior to a pick up in volatility within a trend(without which position trading is impossible).

With price right back up and now struggling in the low shadows of year 2020, 2019 and 2016 and 2017, it is close to not being worth it again even for me, who has got a decent appetite for holding, as seen even through live shares here, among which a few are still open, from .31 and around...
Quoting mtako
{quote} Lost that one with the 1H BO of >3030(-39), now finally selling again Sold 3112.
We have yet to see if this historically strong support level will resist, as price just got here! It's just as likely to fall in ranging flat or with growing volatility both ways for a while.

So, all in all, more patience is needed for me, for any analysis with next year in mind... But of course, as long as price is under main supports shared above, and seen in chart below, I'm more actively seeking any sign of resistance to sell than support to buy. <1.25 = probably more short setups, >1.25 more longs, one day at a time.
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If I don't mention SL and TP = longer-term setup possibly in the works!
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PHASE II running 666
BTC may have definitley bottomed and getting ready to go up. Imay be wrong
PHASE II running 666
Quoting mysterio
{quote} On m30 i'm seeing this. On bookmap most of the liquidity is residing above but we'll have a clearer picture on Monday morning {image}
On the dollar it might look something like this on Monday
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PHASE II running 666
see you tomorrow fellow traders
PHASE II running 666
Quoting Robinhood1
How can you create a channel if the spike (red arrow) is missing. Look it up on MT4/5 {image}
November 13th is a Sunday. How come you have price moves on that day?
Please check your btc chart for today, I have about 2 hours data missing on my mt4.
Quoting Robinhood1
{quote} Hi Sir Wolf. Congrats. Croacia and the area always provides good athletes in many modalities having a limited population. Did you know that Tesla was Croatian?
Hello!
Haha I knew of course.

You know, I also wonder..
IG Markets is indicating that 57% of their clients are short on GU as of Friday and 80% are short as of the weekend trading with only a 10pt drop in price now.
Stubborn, often slow but still learning!
Quoting mysterio
{quote} On m30 i'm seeing this. On bookmap most of the liquidity is residing above but we'll have a clearer picture on Monday morning {image}
OK Just gonna consolidate this. I think we'll have a buy the dip situation next week then sell off later in the week.

HTF, what do we see. Weekly indecision candle. IMO the wick is likely to be filled. We are in monthly supply not shown.

Daily and H4 in an up trend and H1 a sideways market.

DXY, Weekly indecision candle in a weak weekly demand zone. Daily and H4 in a down-trend, H1 a sideways market.

Intraday I'm treating it as a range and looking at reversals but also cognizant of continuations. First i'm looking to buy the dip if it happens, targeting last weeks high, and the high volume area above it. Might get an opportunity for a sell first. Then I'm looking for a sell off above last weeks high around 1.2380

Dollar we might see a rise and a sell off above 9 Dec NY High.

GU there's a tonne of volume down at 1.22 and confluence so a dip down there then a rise would be my first scenario for Monday. Zooming out, the ultimate target next week is last Thursdays low then Last weeks low. I think these will be hit. We have a bearish US equity market-- Check the S&P500 Weekly engulfing candle. This gives me extra weight that there will be a risk off flavor next week. Given this I think we'll see Thursdays POC on dxy (attached) hit next week.
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Dxy up move monday is expected
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Keep it simple, stupid.
Quoting Robinhood1
{quote} Hi PC, I understand you are talking about displaying the lines to find direction which i have quoted a few times. I do not comprehend "slanting" even in my own language "oblicuo" tried to read the meaning and still not. Never thought how i see the charts but will try to explain, difficult for me too. The conviction, since I read WD: Gann, that markets are ruled by mathematics fits with my mindset naturally so my research went in that direction. Basically squaring price & time. Since I am unable to find out time in advance,...
Time=TF bars
square of 100 = 100 pips / 100 bars

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cheers,
"the public is not yet ready for it" W.D. GANN
Quoting pipcenturion
{quote} November 13th is a Sunday. How come you have price moves on that day? Please check your btc chart for today, I have about 2 hours data missing on my mt4.
Hi PC.
Candle closing friday 11th nov 22 hours and candle opening sunday 22 houers. My BTC chart is ok today. It disconected for about 45 minutes yesterday on all platforms, not MT4/5 only. This i can understand as a technical issue. Cheers

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PHASE II running 666
Quoting Kwt4x
{quote} Time=TF bars square of 100 = 100 pips / 100 bars {image} cheers,
Hi KT

Well done if you can spot time in advance. cheers
PHASE II running 666
Quoting Robinhood1
{quote} Hi PC. Candle closing friday 11th nov 22 hours and candle opening sunday 22 houers. My BTC chart is ok today. It disconected for about 45 minutes yesterday on all platforms, not MT4/5 only. This i can understand as a technical issue. Cheers {image}{image}
My MT platform closes 3 minutes before Real market does.
PHASE II running 666
squaring the month

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"the public is not yet ready for it" W.D. GANN
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