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Cable Update (GBPUSD)

  • #724,761
  • Jan 31, 2023 6:05am Jan 31, 2023 6:05am
I told you so, target reached for EURUSD GOING DOWN, USDCAD TARGET REACHED GOING UP, NZDUSD TARGET REACHED GOING DOWN, GBPUSD TARGET REACHED GOING DOWN..
  • #724,762
  • Jan 31, 2023 6:14am Jan 31, 2023 6:14am
Quoting BigNumbers
When we are pulling back on the monthly time frame. Many traders lose money because they see the market as bullish. Monthly pull back look like a major move on the lower time frame. Good luck.
Many traders lose money because they see the market as bullish.

No problem if the traders see the MN TIME FRAME as bullish rather than the MARKET as bullish, because EVERY time frame below the MN MUST go into up trends to build the MN up swing. So, why would traders that are looking for buys on TFs below MN have a lot of losing entries if they know that down swings on lower TFs are retracements and up swings are in agreement with the MN direction???

The main reason I see that many traders lose money is because they do not do a top-down analysis to discover which TF is in control of the TFs from H4 and smaller. This is especially problematic for the traders that have chosen to stick with viewing a limited number of TFs, say M15, M30, H1. Intraday, those TFs not only change direction due to the swings that comprise a trend series, but they also change trend direction. And without understanding that the trend has changed, a swing that is BELIEVED to be a trend continuation can easily be a retracement, making a trade in that direction unlikely to progress as anticipated, and more likely to end in a loss.
To free Gazans of Hamas, use whatever it takes.
  • #724,763
  • Jan 31, 2023 6:18am Jan 31, 2023 6:18am
Market becomes more challenging when people have knowledge that you lacking that gives them advantage over u
I'm enjoying the wins because I was once terrified by loses
  • #724,764
  • Jan 31, 2023 6:20am Jan 31, 2023 6:20am
are we going to the moon tonight, dear cable fighter?
  • #724,765
  • Jan 31, 2023 6:21am Jan 31, 2023 6:21am
Quoting dantpm
{quote} It is interesting how close the 1 day 10 period EMA and the 1 hr 200 period EMA track one another .
No, it is not amazing at all. What would be amazing is if they did NOT track each other.

The H1 EMA200 is the D1 EMA8.33
To free Gazans of Hamas, use whatever it takes.
  • #724,766
  • Jan 31, 2023 6:22am Jan 31, 2023 6:22am
Quoting DrDave
{quote} Many traders lose money because they see the market as bullish. No problem if the traders see the MN TIME FRAME as bullish rather than the MARKET as bullish, because EVERY time frame below the MN MUST go into up trends to build the MN up swing. So, why would traders that are looking for buys on TFs below MN have a lot of losing entries if they know that down swings on lower TFs are retracements and up swings are in agreement with the MN direction??? The main reason I see that many traders lose money is because they do not do a top-down analysis...
Aren't large TF trend changes start with low TF trend changes?
  • #724,767
  • Jan 31, 2023 6:24am Jan 31, 2023 6:24am
...pullback from current dly lo has banged it's head @ the prev 30min sw hi zone = prev res = pot res, this coexistent with a prev 1hr sw lo zone = prev supp = pot sbr/fib, (always fibs!)

1hr below
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Trader with an Edge.
  • #724,768
  • Jan 31, 2023 6:25am Jan 31, 2023 6:25am
Quoting silverjazz
are we going to the moon tonight, dear cable fighter?
I think we will swim some little more
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but im not shaman

____________________________
Road to Zero Plus
Quoting GODofMC
{quote} -2900 to -1700 to -1400 to - 661 Wish me luck {image}
Though it was bad trade today but they let me recover some
-2900 to -1700 to -1400 to -661 to -229
Few more day or weeks, i'll try to recover losses from last years.
Not need for the haste, wish me luck
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,769
  • Jan 31, 2023 6:27am Jan 31, 2023 6:27am
Quoting Waveskierrob
Quoting shay14
still not convinced that we going straight down, i expect a 100 pip plus spike up
Any particular reason why you think this
The H8 TF is making a down swing. TFs below it are going to make rallies to it. So it depends on how far down price has progressed before the rallies have reached to about H1 as to how high the retracement is LIKELY to go. 3/8-5/8 range for the retracement is quite common. No need for Spike Lee to make an appearance, but he CAN pop up at any time.
To free Gazans of Hamas, use whatever it takes.
  • #724,770
  • Jan 31, 2023 6:30am Jan 31, 2023 6:30am
Quoting donfriday
{quote} monthly pull back have not yet started pull back pay happen in different way but mostly happen after NFP before continuation my view
monthly pull back have not yet started

The Weekly has to show the pullback before the monthly can do it.
To free Gazans of Hamas, use whatever it takes.
  • #724,771
  • Jan 31, 2023 6:35am Jan 31, 2023 6:35am
YES, ITS GOING DOWN
  • #724,772
  • Jan 31, 2023 6:35am Jan 31, 2023 6:35am
...there are repeating patterns of reg bull div from 5min - 1hr @ current dly lo - make of that what you will...clearly this prev 30min sw hi/prev 1hr sw lo zone is the 1st upside hurdle for the bulls right now.

1hr below
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Trader with an Edge.
  • #724,773
  • Jan 31, 2023 6:38am Jan 31, 2023 6:38am
Quoting noox
{quote} Aren't large TF trend changes start with low TF trend changes?
Of COURSE they do: Smaller TFs BUILD larger TFs. The smaller TFs are ZOOMED IN views of what is happening on higher TFs. For example, take a single bar of a large TF. Looking only at that bar, you have no idea how price was moving inside of that bar as it was formed. But start moving down the TFs and you get more details about the price movement as the bar was forming. The same type of analysis applies to swings and trends.
To free Gazans of Hamas, use whatever it takes.
  • #724,774
  • Jan 31, 2023 6:41am Jan 31, 2023 6:41am
My #Dollar index? Not updating for 3 hours on mt4 till now, anyone ?
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,775
  • Jan 31, 2023 6:42am Jan 31, 2023 6:42am
Quoting FederalTrade
YES, ITS GOING DOWN
Let's see if CB Consumer Confidence will deliver the nail to the Pound, possibly seeing that 1.227 level. We could very well be given the direction today and the answer to if the rally is over or not.
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  • #724,776
  • Jan 31, 2023 6:42am Jan 31, 2023 6:42am
Its descending everybody, i'm in... Look at my chart
  • #724,777
  • Jan 31, 2023 6:46am Jan 31, 2023 6:46am
Quoting SnailFX
{quote} Let's see if CB Consumer Confidence will deliver the nail to the Pound, possibly seeing that 1.227 level. We could very well be given the direction today and the answer to if the rally is over or not.
Had the same view of the level 1.227-8.
But im not in, i will watch from the coroner
Will hunt fo 5 pips only
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,778
  • Jan 31, 2023 6:48am Jan 31, 2023 6:48am
Quoting GODofMC
{quote} Had the same view of the level 1.227-8. But im not in, i will watch from the coroner Will hunt fo 5 pips only
I don't think you'll miss that much since the Fed is tommorow anyway. Patience, yes!
  • #724,779
  • Jan 31, 2023 6:49am Jan 31, 2023 6:49am
I went on the internet to check if forecasting is some evil thing. That's what I found out.

What is the best definition of forecasting?
What Is Forecasting? Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time.

What does forecasting mean in business?
Forecasting is a decision-making tool used by many businesses to help in budgeting, planning, and estimating future growth. In the simplest terms, forecasting is the attempt to predict future outcomes based on past events and management insight.

What is forecasting in short term?
So, with that in mind, Short Term Forecasting is the process of predicting what's going to happen in the near future (we typically think of it as hour-by-hour) and then using that information to create a plan to meet those needs.

What is the goal of forecasting?
https://encrypted-tbn0.gstatic.com/i...MTCnIOgvrJ-g&s
Thus, the primary goal of forecasting is to identify the full range of possibilities, not a limited set of illusory certainties.
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Always trade your own plan...I don't provide trading signals.
  • #724,780
  • Jan 31, 2023 6:51am Jan 31, 2023 6:51am
You will not understand my point of view. I have said it over and over again when it is obvious you can no longer make money from it then it is subject to manipulation. I’m telling you again that there is a pull back on the way just relax and watch it happen.

By the time the weekly and monthly time frame indicate the pull back, then you can no longer make money from the move. You have to see them happening even before it happen.

I already knew there will be a pull back today so you see my levels are pointing down and prices are reacting perfectly to those levels.. I may not know the extent to which prices will pull back.

Good luck.
My telegram: https://t.me/avidforex
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