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Cable Update (GBPUSD)

  • #730,561
  • Feb 21, 2023 12:40am Feb 21, 2023 12:40am
Quoting KareemAliFx
Btc looking like it’s about break out so hard north , tmwr?
im selling to 20K....
demo tok kenal barey boh!
  • #730,562
  • Feb 21, 2023 12:43am Feb 21, 2023 12:43am
Quoting ninner
{quote} doesnt matter gu going lower!!!
Can you provide some charts maybe?
How to succeed in zero sum game?
  • #730,563
  • Feb 21, 2023 12:48am Feb 21, 2023 12:48am
Quoting RemyLou
{quote} Thanks Pat
Not yet.
Until you can help me with this. Thank you in advance.
The above I've put the set up using HTF to fit into LTF to find the N3.

How about , if I say that concept of analysis is FALSE ?....
What is your opinion on the concept of multi-timeframe biasing in trend-following trading?
Do you believe that the larger timeframes are truly predictors for the lower timeframes, or do you think it is actually the other way around and the smaller timeframes are building into the larger timeframes?

In my view, I think that the idea of larger timeframes predicting the lower timeframes is a bit simplistic and not entirely accurate.
It's more likely that the smaller timeframes are contributing to the larger timeframes, and what we see on the bigger charts is a summation of what's happening on the smaller ones.

So, instead of looking at the 30-minute chart as the sole predictor of market direction, it makes more sense to study the smaller timeframes and use that information to make trading decisions on higher timeframes, even intraday.

In summary, while the concept of multi-timeframe biasing has some merit, it is important to understand the complexities of how smaller timeframes contribute to larger ones and not simply rely on the larger timeframe charts to make trading decisions.

Let me hear your thought about this, then I can thank you...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,564
  • Feb 21, 2023 12:59am Feb 21, 2023 12:59am
Quoting Pat Chiko
Do you believe that the larger timeframes are truly predictors for the lower timeframes, or do you think it is actually the other way around and the smaller timeframes are building into the larger timeframes? In my view, I think that the idea of larger timeframes predicting the lower timeframes is a bit simplistic and not entirely accurate. It's more likely that the smaller timeframes are contributing to the larger timeframes, and what we see on the bigger charts is a summation of what's happening on the smaller ones. So, instead of looking at the...
Well - as DrDave has preached for a very, very long time - it is both.
a) the smaller TFs (the smallest being the movement of price itself) create what we perceive as trending moves
b) as long as higher TFs are in a strong trending phase the likelihood of the smaller TFs showing the stronger moves in this trend direction follows logically
c) price having moved away from the average for a longer time will eventually come back to it (this can be interpreted as a weakening of the trend movement - i. e. the slope of any MA will tell you - if you look closely - how strong trend (still) is at any given moment etc)
d) as all indicators (and TFs) are (visual) simplifications of one ongoing price movement that shouldn't come as a surprise.
Just saying...
  • #730,565
  • Feb 21, 2023 1:11am Feb 21, 2023 1:11am
Quoting pipfarm
Time to take the short with H1 three swing up correction is done, if we get the impulse down should be very nice for swing 3 , possibly 2-300 pips

Had to hold overnight but short seems ok at the moment
Follow The Markets Structure - Patience and Discipline
  • #730,566
  • Feb 21, 2023 1:24am Feb 21, 2023 1:24am
Dreams of 2100 fading away
  • #730,567
  • Feb 21, 2023 1:26am Feb 21, 2023 1:26am
Quoting Waveskierrob
3 x SHORTS still underwater -50 pips, maybe tomorrow will be my lucky day for me FF GU trades...
3 x SHORTS now at BE, Let's make some mula..
  • #730,568
  • Feb 21, 2023 1:27am Feb 21, 2023 1:27am
Quoting Pat Chiko
GU Warm up trade pre LO.{image}
Don't buy or sell a consolidation. buy after consolidation low has been taken out or sell after the connsolidation high has been taken out. my 2 cent
  • #730,569
  • Feb 21, 2023 1:28am Feb 21, 2023 1:28am
Quoting Whale
{quote} i think 1.1986 and below are better. i will wait
Quite belatedly but starting to make some sense now.
  • #730,570
  • Feb 21, 2023 1:29am Feb 21, 2023 1:29am
Quoting pipfarm
{quote} Had to hold overnight but short seems ok at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 47 KB
Follow The Markets Structure - Patience and Discipline
  • #730,571
  • Feb 21, 2023 1:37am Feb 21, 2023 1:37am
Quoting BrainBucks
Dreams of 2100 fading away
still think we can see 121 before a bigger drop down
Insane in the Brain..
  • #730,572
  • Feb 21, 2023 1:38am Feb 21, 2023 1:38am
Only just started messing with MT5.
Anybody know how I can have the OHLC displayed on the MT5 desktop version, pls?
I've got it displayed on mobile, but desktop has been harder to figure.
  • #730,573
  • Feb 21, 2023 1:51am Feb 21, 2023 1:51am

Classic pull back...21 will c u later today.....
average dude treading water
  • #730,574
  • Feb 21, 2023 1:51am Feb 21, 2023 1:51am
… pmi data in 1.5h - keep eye on risk management.
  • #730,575
  • Feb 21, 2023 1:52am Feb 21, 2023 1:52am
This picture explains MTFs but it is not quite what it seems, each major wave is one cycle of any timeframe you are looking at , if you can find the major swings in 2 timeframes you can find out where you are. The thing to look for is the major corrective swing then look at the higher timeframe to see if it is also a correction within the higher timeframe major swing trend.


Attached Image (click to enlarge)
Click to Enlarge Name: relationship-between-minor-intermediate-major-waves.gif Size: 78 KB
Follow The Markets Structure - Patience and Discipline
  • #730,576
  • Feb 21, 2023 1:59am Feb 21, 2023 1:59am
Attached Image (click to enlarge)
Click to Enlarge Name: london%2Bbridge%2Bis%2Bfalling%2Bdown.png Size: 7 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h8-raw-trading-ltd.png Size: 14 KB
chaos is just unknown order
  • #730,577
  • Feb 21, 2023 1:59am Feb 21, 2023 1:59am
Quoting pipfarm
This picture explains MTFs but it is not quite what it seems, each major wave is one cycle of any timeframe you are looking at , if you can find the major swings in 2 timeframes you can find out where you are. The thing to look for is the major corrective swing then look at the higher timeframe to see if it is also a correction within the higher timeframe major swing trend. {image}
It's too complicated.
Just follow the trend.
  • #730,578
  • Feb 21, 2023 2:07am Feb 21, 2023 2:07am
Quoting lucaswalliam
{quote} It's too complicated.
Yes it seems that way, which is why most information on MTF is wrong, i have watched dozens of videos on Market structure and they all fail to explain this concept correctly because all they are doing by using 2 timeframes is looking at the same swing from a lower tf to a higher which is pointless
Follow The Markets Structure - Patience and Discipline
  • #730,579
  • Feb 21, 2023 2:11am Feb 21, 2023 2:11am
Let's go bulls
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-02-21-13-26-34-42_a068875e8d70110f8d1ec48729c67374.jpg Size: 548 KB
  • #730,580
  • Feb 21, 2023 2:12am Feb 21, 2023 2:12am
Quoting pipfarm
{quote} Yes it seems that way, which is why most information on MTF is wrong, i have watched dozens of videos on Market structure and they all fail to explain this concept correctly because all they are doing by using 2 timeframes is looking at the same swing from a lower tf to a higher which is pointless
Market structure? I'm also looking into it, but I can't find the key issues, it all seems too subjective.
Just follow the trend.
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