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Cable Update (GBPUSD)

  • #727,241
  • Feb 8, 2023 8:31am Feb 8, 2023 8:31am
Quoting DrDave
{quote} = 7 hmmm...
I would choose 48/12. 48--->12--->3 12--->3[/quote]

= 6. Yes, better
POSTMASTER
  • #727,242
  • Feb 8, 2023 8:33am Feb 8, 2023 8:33am
Will not take a short , very short term i think it will go down to retest after the H1 structure break, looks too easy to expect a down continuation from this point.

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #727,243
  • Feb 8, 2023 8:33am Feb 8, 2023 8:33am
a bit more drawdown on the entry than i expected but i9ts working out nicely now.
nice drop

m5 chart
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #727,244
  • Feb 8, 2023 8:37am Feb 8, 2023 8:37am
Quoting Whale
{quote} BTW there is a theory among the waves counters.. if we are looking for 3 wave pattern, lets say ABC move, and after C made the high above A's high and close again in the range of AB price will drop below A {image}
The problem i see with that 3 wave pattern is that it should have another 3 wave pattern at B but it does not, because b itself is a correction in the ABC.
Follow The Markets Structure - Patience and Discipline
  • #727,245
  • Feb 8, 2023 8:38am Feb 8, 2023 8:38am
Nasdaq reversed down around 12900 last week
POSTMASTER
  • #727,246
  • Feb 8, 2023 8:40am Feb 8, 2023 8:40am
Financial time series and repeating patterns.
GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
To free Gazans of Hamas, use whatever it takes.
  • #727,247
  • Feb 8, 2023 8:43am Feb 8, 2023 8:43am
The only pattern that is reliable in trading is probability which is approximated by how much risk you're willing to take for a certain amount of profit.
  • #727,248
  • Feb 8, 2023 8:44am Feb 8, 2023 8:44am
Quoting Robinhood1
Nasdaq reversed down around 12900 last week
So did SP500
POSTMASTER
  • #727,249
  • Feb 8, 2023 8:44am Feb 8, 2023 8:44am
Quoting OnlineAddict
Guys, anyone here using Dukascopy? Looking for some reviews. I used them back in 2009-2010, but thats long time ago. Want to know if they are safe enough for a $100k+ deposit. Thanks in advance.
dukascopy is good with no worries, time tested and well established… very fast execution, you can also look at saxo bank, it has an advantage as it also offers trading in commodity, stocks, bonds etc all under one platform.
  • #727,250
  • Feb 8, 2023 8:45am Feb 8, 2023 8:45am
Quoting DrDave
Financial time series and repeating patterns. GBPUSD {image}
I asked ChatGpt. This is his answer:

Financial time series can have repeating patterns, but it is not guaranteed. Some of the patterns that can be observed in financial time series include trends, seasonality, and cycles. However, the financial market is inherently unpredictable and complex, and it is difficult to identify and predict repeating patterns with certainty. Additionally, repeating patterns can change over time, so even if a pattern is observed in the past, it may not persist in the future.
in wondering about yourself, you forgot what you came here to be part of
  • #727,251
  • Feb 8, 2023 8:45am Feb 8, 2023 8:45am
Quoting DrDave
Financial time series and repeating patterns. GBPUSD {image}
fractals repeat on various tfs
POSTMASTER
  • #727,252
  • Feb 8, 2023 8:46am Feb 8, 2023 8:46am
Quoting pipfarm
{quote} The problem i see with that 3 wave pattern is that it should have another 3 wave pattern at B but it does not, because b itself is a correction in the ABC.
we see things differently, and its totally OK
  • #727,253
  • Feb 8, 2023 8:46am Feb 8, 2023 8:46am
Bears need 1hr close below 1.2060. This would put 1.2072 - 1.2084 - 1.2092 as RESISATNCE.

Little more patience is needed.
  • #727,254
  • Feb 8, 2023 8:47am Feb 8, 2023 8:47am
Quoting Robinhood1
{quote} So did SP500
They are essentially the same. NQ is more volatile in the size of the moves is all.
Mark ... Everything you have been told is a LIE
  • #727,255
  • Feb 8, 2023 8:48am Feb 8, 2023 8:48am
Quoting spzd
{quote} This inflationary period is the result of the "Green New Deal" and "Build Back Better" policies. They basically shut down new oil production and overnight made the US energy dependent (oil) again. Among only the mildest of things these policies are creating.
Blaming inflation on those policies instead of the huge supply of money created from 2018-2020??
US on verge of producing more oil than ever before,currently back to 12 million barrels per day...had Trump not agreed to production cuts that lasted until April 2022 US would already be at all time high...that,along with statements from the oil companies themselves and Wall St saying prices won't stay high long enough to justify further investments in new wells at this time.
  • #727,256
  • Feb 8, 2023 8:50am Feb 8, 2023 8:50am
Quoting Whale
{quote} i so want to copy, but im standing aside still.. waiting with my hand on the gun, the bullet is in the barrel
WHERE IS THE GUN POINTED???!!!???
To free Gazans of Hamas, use whatever it takes.
  • #727,257
  • Feb 8, 2023 8:52am Feb 8, 2023 8:52am
shorts start shining
chaos is just unknown order
  • #727,258
  • Feb 8, 2023 8:52am Feb 8, 2023 8:52am
Quoting Waveskierrob
The GU ATM, SHORT 1.2095 no sl no tp
Go on me babies...
  • #727,259
  • Feb 8, 2023 8:53am Feb 8, 2023 8:53am
Quoting Whale
{quote} i so want to copy, but im standing aside still.. waiting with my hand on the gun, the bullet is in the barrel
thats what Alec said
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #727,260
  • Feb 8, 2023 8:53am Feb 8, 2023 8:53am
Quoting DrDave
{quote} WHERE IS THE GUN POINTED???!!!???
to parity
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