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Cable Update (GBPUSD)

  • #713,261
  • Dec 11, 2022 8:54am Dec 11, 2022 8:54am
Inserted Video
POSTMASTER
  • #713,262
  • Dec 11, 2022 8:57am Dec 11, 2022 8:57am
see you tomorrow fellow traders
POSTMASTER
  • #713,263
  • Dec 11, 2022 9:20am Dec 11, 2022 9:20am
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.
  • #713,264
  • Dec 11, 2022 9:37am Dec 11, 2022 9:37am
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..
  • #713,265
  • Dec 11, 2022 9:40am Dec 11, 2022 9:40am
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.
  • #713,266
  • Dec 11, 2022 9:46am Dec 11, 2022 9:46am
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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  • #713,267
  • Dec 11, 2022 10:27am Dec 11, 2022 10:27am
Dxy up move monday is expected
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  • #713,268
  • Dec 11, 2022 10:36am Dec 11, 2022 10:36am
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
  • #713,269
  • Dec 11, 2022 10:43am Dec 11, 2022 10:43am
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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POSTMASTER
  • #713,270
  • Dec 11, 2022 10:45am Dec 11, 2022 10:45am
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
POSTMASTER
  • #713,271
  • Dec 11, 2022 10:48am Dec 11, 2022 10:48am
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.
POSTMASTER
  • #713,272
  • Dec 11, 2022 10:50am Dec 11, 2022 10:50am
squaring the month

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"the public is not yet ready for it" W.D. GANN
  • #713,273
  • Dec 11, 2022 10:56am Dec 11, 2022 10:56am
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.
The anomaly today is that the BTC has reached 17247 and in MT5 17196, that is, I could not close with profits if I wanted to.

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POSTMASTER
  • #713,274
  • Dec 11, 2022 10:58am Dec 11, 2022 10:58am
Quoting Robinhood1
{quote} Just read your post, thanks buddy. Try inserting this indicator with tf & same settings to help your strategy {image}
When I saw the %R(864) on your chart, it looked very familiar. So below is GBPUSD 8.6 minute (516 seconds) TF with
Donchian(86)
TDI
Williams %R(864)

From what I see, the TDI and %R tell essentially the same story. Maybe you see something different?

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To free Gazans of Hamas, use whatever it takes.
  • #713,275
  • Dec 11, 2022 11:09am Dec 11, 2022 11:09am
Quoting DrDave
{quote} When I saw the %R(864) on your chart, it looked very familiar. So below is GBPUSD 8.6 minute (516 seconds) TF with Donchian(86) TDI Williams %R(864) From what I see, the TDI and %R tell essentially the same story. Maybe you see something different? {image}
Set 1 min tf to 8640
POSTMASTER
  • #713,276
  • Dec 11, 2022 11:37am Dec 11, 2022 11:37am
Quoting suhas316
Cable..... I do not try to predict where market will go..I am not good in that I am bullish above 1.23 and will try to see where I can enter for long and I will go short below 1.21500 or when the trend line breaks Let's see... {image}
Are you using Renko and/or Heiken Ashi in that chart ??
thanx
in wondering about yourself, you forgot what you came here to be part of
  • #713,277
  • Edited 11:51am Dec 11, 2022 11:39am | Edited 11:51am
Quoting LvMMT
{quote} exactly...you said it right... thank you RH! God bless you RH and God bless everyone!
I want to correct settings for W%R indiccator i sent you yesterday 1m tf 8640. If you cannot get this 4 digit into period.
1728 on 5m tf. It will work well entering on the trend, if enter against the trend it could keep bouncing against like an RSI or BB for example. Its upto you to try it. Do your reseach though. Cheers Buddy
POSTMASTER
  • #713,278
  • Dec 11, 2022 11:43am Dec 11, 2022 11:43am
Quoting DrDave
{quote} When I saw the %R(864) on your chart, it looked very familiar. So below is GBPUSD 8.6 minute (516 seconds) TF with Donchian(86) TDI Williams %R(864) From what I see, the TDI and %R tell essentially the same story. Maybe you see something different? {image}
I have arrived home, can see more clearly. W%R touches upper band 0, while TDI does not seem to have clear bands from what i see but as i said set 1m tf to 8640 and if not possible 5m tf to 1728. it is the equivalent, or 1h tf to 144. cheers
POSTMASTER
  • #713,279
  • Edited 12:00pm Dec 11, 2022 11:45am | Edited 12:00pm
Quoting Robinhood1
{quote} I want to correct settings for W%R indiccator i sent you yesterday 1m tf 8640. If you cannot get this 4 digit into period. 1728 on 5m tf. It will work well entering the trend, if not i could keep bouncing against like an RSI or BB for example. Its upto you to try it. Do your reseach though. Cheers Buddy
or 1h tf 144
POSTMASTER
  • #713,280
  • Dec 11, 2022 11:50am Dec 11, 2022 11:50am
Quoting knkie
{quote} Are you using Renko and/or Heiken Ashi in that chart ?? thanx
Renko
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