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Cable Update (GBPUSD)

  • #722,461
  • Jan 22, 2023 3:37am Jan 22, 2023 3:37am
Quoting FulMargnAlch
{quote} Consistently trading support and resistance at swing points on all pairs, identify swing, range breakout, enter at retracement, nothing more?
What more do you need?
POSTMASTER
  • #722,462
  • Jan 22, 2023 3:43am Jan 22, 2023 3:43am
Quoting Robinhood1
Gbpnzd: target 1.8600 {image}
Is this how you considered that trade? More or less maybe?
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The market hides a perfect geometry.
  • #722,463
  • Jan 22, 2023 3:47am Jan 22, 2023 3:47am
Quoting Robinhood1
{quote} This month i have dobled my account so far but stuck for las 7 busness days. I may post my account results till december. I know what i am talking about. Trading since week after 11 sept 2001. BTW, I should think that Moty is a reflex of true daytrader. I like him/her. Honesty. {image}
Did you consider this, more or less, on EU?
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Click to Enlarge Name: screenshot.png Size: 15 KB
The market hides a perfect geometry.
  • #722,464
  • Jan 22, 2023 3:49am Jan 22, 2023 3:49am
Quoting FulMargnAlch
{quote} Is this how you considered that trade? More or less maybe?{image}
I see that you have recovered one of my most recent short entries(gbpnzd) at the highest zone that I already closed. What you present is not bad. Although I think the retracement is still to come.
POSTMASTER
  • #722,465
  • Jan 22, 2023 3:51am Jan 22, 2023 3:51am
Quoting Robinhood1
{quote} I see that you have recovered one of my most recent short entries(gbpnzd) at the highest zone that I already closed. What you present is not bad. Although I think the retracement is still to come.
How do you set your TP?
The market hides a perfect geometry.
  • #722,466
  • Jan 22, 2023 3:55am Jan 22, 2023 3:55am
Hello Guys, we are entering the business end of January and the trend still appears bullish.

I dug deep into previous January Months and discovered this 2023 January has similarities with January 2019, 2018 and 2017.

The above listed January months had ranges between 687 to 888 pips and coincidentally, they recorded their highs around 25th day of such January Years... So far, January 2023 has produced 594 pips (1.1841 - 1.2435), which may still extend to 680 - 750 pips...

Below are possible simulated scenarios for January 2023...
✓1.1841 + 687 pips = 1.2528 (70% possibility)
✓1.1841 + 750 pips = 1.2591 (60% possibility)
✓1.1841 + 888 pips = 1.2729 (20% possibility)

Traders should pay attention to this 25th of January 2023 (This Wednesday), last week Wednesday produced 266 pips range which happened to be the high and low of the concluded week...

This coming Wednesday also happens to be 25th of January, if History is anything to go by, then we may see a possible 1.2550 - 1.2600 recorded on that day.

Should 1.2330 - 1.2310 stay unbroken by or before Wednesday, do prepare for a possible 1.2550 - 1.2600 by Wednesday.

This is a mere research work and observation with no obligation to follow as I may end up being brutally wrong.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #722,467
  • Jan 22, 2023 3:55am Jan 22, 2023 3:55am
to be Honest i Don't like this..
but facts are Facts,,
so here we go,
this is Long term Expectations are end of 2023 not now but still, it can change things for Pound in near term. HSBC
.
.
GBP to benefit from the UK’s improving external balance
“With inflation in the UK having likely peaked and potentially set to decelerate more than consensus expects, a less aggressive tightening tone from the BoE now may mean a less abrupt turn of stance later in the year, which may end up becoming a marginal positive for the GBP in the months ahead. A shift towards better-than-expected domestic data should also be positive for the GBP.”
.

“The UK’s external rebalancing continues at pace, due to the combination of a cheaper currency and higher interest rates. Indeed, the UK’s trade balance for 3Q22 showed the narrowest deficit since December 2021. This may bode well for the GBP.”
“GBP has a very strong tie to global risk appetite in recent years. A bottoming out in global growth dynamics (compared to excessively pessimistic expectations), as well as a peak in global interest rates on the back of softening inflation pressure could allow the GBP to strengthen against the USD in an environment where risk appetite looks less febrile.”
.
.

"Patience is When you are Supposed to be MAD, but you choose to Understand"
Don't compare your Trades with Others
  • #722,468
  • Jan 22, 2023 3:56am Jan 22, 2023 3:56am
Quoting Robinhood1
{quote} I see that you have recovered one of my most recent short entries(gbpnzd) at the highest zone that I already closed. What you present is not bad. Although I think the retracement is still to come.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
The market hides a perfect geometry.
  • #722,469
  • Jan 22, 2023 3:57am Jan 22, 2023 3:57am
Quoting Robinhood1
{quote} I see that you have recovered one of my most recent short entries(gbpnzd) at the highest zone that I already closed. What you present is not bad. Although I think the retracement is still to come.

Is there specific timeframe necessary?
The market hides a perfect geometry.
  • #722,470
  • Jan 22, 2023 3:59am Jan 22, 2023 3:59am
Quoting FulMargnAlch
{quote} Did you consider this, more or less, on EU?{image}
Yes, this is good. If you go wrong you can always close with small loss and if it goes well expect 1.0050 to be the target although closing at 1.0101 is safer.
POSTMASTER
  • #722,471
  • Jan 22, 2023 4:02am Jan 22, 2023 4:02am
Quoting FulMargnAlch
{quote} {image}
Possible
POSTMASTER
  • #722,472
  • Jan 22, 2023 4:06am Jan 22, 2023 4:06am
Quoting FulMargnAlch
{quote} Did you consider this, more or less, on EU?{image}
I understand your question now "anything else".

Before visualizing the pattern, I expect that it occurs with the time factor that I execute mathematically. Something similar to the Tesla concept.
POSTMASTER
  • #722,473
  • Jan 22, 2023 4:11am Jan 22, 2023 4:11am
Quoting Robinhood1
{quote} I understand your question now "anything else". Before visualizing the pattern, I expect that it occurs with the time factor that I execute mathematically. Something similar to the Tesla concept.
Sorry. I do not understand your jargon. I am just a visual layman.
The market hides a perfect geometry.
  • #722,474
  • Jan 22, 2023 4:16am Jan 22, 2023 4:16am
Quoting Robinhood1
{quote} One more thing and most important. Why would the industry track you down when you are transferred to Abook (real market)? They are freeing the broker to put money out of his pocket, I accept that and you are already winning from the market. Is it for fear that you will teach more traders how to win is the only explanation. I do not teach anyone but if the line is crossed outside the ring I assure you that they will have to put a lot of traders in Abook.
May I ask how you know when one is transferred to A Book?
  • #722,475
  • Jan 22, 2023 4:32am Jan 22, 2023 4:32am
Quoting timeandprice
{quote} May I ask how you know when one is transferred to A Book?
Do you have a ticket# on your buy/sell position on your chart?
POSTMASTER
  • #722,476
  • Jan 22, 2023 4:45am Jan 22, 2023 4:45am
Quoting suhas316
Next week view.... For me Cable is still bullish even though it made LH... but I want to see if it breaks HL and and create another LH for to go short for me 1.23114 and 1.23237 is important ... if Cable is bullish, it's high chances of bounce from these levels... I will go short only if 1.23114 breaks and create LH Let's see... See you on Monday {image}
Buy Cable @ 1.23617 or in d zone ( in whole day when Cable will come in this zone buy it )
Stop loss 30 pips
Target 45-75 pips
Attached Image (click to enlarge)
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!! Radha Radha !!
  • #722,477
  • Jan 22, 2023 4:48am Jan 22, 2023 4:48am
Quoting Georginson
Hello Guys, we are entering the business end of January and the trend still appears bullish. I dug deep into previous January Months and discovered this 2023 January has similarities with January 2019, 2018 and 2017. The above listed January months had ranges between 687 to 888 pips and coincidentally, they recorded their highs around 25th day of such January Years... So far, January 2023 has produced 594 pips (1.1841 - 1.2435), which may still extend to 680 - 750 pips... Below are possible simulated scenarios for January 2023... ✓1.1841...
Do you have any analysis on the USDX? It appears to be moving out of (inverse) sync with GU. I suspect that more of this 'out of sync movement' would probably be required to achieve the kind of target that you are proposing.
  • #722,478
  • Jan 22, 2023 5:47am Jan 22, 2023 5:47am
Quoting dantpm
{quote} Do you have any analysis on the USDX? It appears to be moving out of (inverse) sync with GU. I suspect that more of this 'out of sync movement' would probably be required to achieve the kind of target that you are proposing.
I don't have analysis on dxy due to the fact that GU carries less than 15% weight on it.
Data + Stat + Risk/Emotions Management
  • #722,479
  • Jan 22, 2023 6:43am Jan 22, 2023 6:43am
Hiya all, not much in terms of important data from the UK side I see for the early part of the week. My guess is it will be slow moving for a few days .. look out for spikes
Insane in the Brain..
  • #722,480
  • Jan 22, 2023 7:39am Jan 22, 2023 7:39am
Quoting Pat Chiko
{quote} GU Partial TP 1{image}
GU

Update position as I left in hurry on Friday for party and clubbing.
Only one target achieved, next one still open and hoping to see a gap up on Monday (if got luck.)

Daily TF
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H4
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M30
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Weekly Calender
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DXY
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Got to run now, as tonight attending another party with few friends in Kuala Lumpur for Chinese New Year Party/Clubbing.
Tomoroow is holiday.......... (Not sure if I wake up until NYO)

Take care and trade safely, May all the green pips with us.

PAT Chiko

P/S The best part about Malaysia, even Chinese New Year, everyone celebrate regardless of our differnt races. Real Multi Racial Country.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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