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Cable Update (GBPUSD)

  • #731,101
  • Feb 22, 2023 8:41am Feb 22, 2023 8:41am
Quoting france001
does correlation exist between xauusd and gbpusd, I noticed that they often go the same direction hand by hand
The strongest and logical correlation between them is usd
  • #731,102
  • Feb 22, 2023 8:42am Feb 22, 2023 8:42am
Quoting DrDave
{quote} I think that most of us are trying to get a "view" of how price vs time has unfolded on some particular TF(s). When making scatter plots, it is common to apply some visual aid, such as a regression plot, to gain a better "view" of what likely represents the main features of that data. As I have posted before, I similarly make a "smoothed view" via indicators without even having price bars displayed. Only after this smoothed view indicates something of interest do I display the price bars. So for me, the price bars are actually a noisy distraction...
Same m15 chart, but purely using a channel and Fib Levels on the angle to show what's happening. So different strokes for different folks I guess.

Cheers
Guy
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  • #731,103
  • Feb 22, 2023 8:46am Feb 22, 2023 8:46am
Quoting Pat Chiko
{quote} GU Real time Scammer set up.........{image} Later you can see "hind sight" posting will follow......
unless it goes against you then you just don't post it and hope folks forget about it ....is this the correct procedure of the "scammer"
  • #731,104
  • Feb 22, 2023 9:03am Feb 22, 2023 9:03am
Quoting Pat Chiko
{quote} GU Waititng for N3. New H4 candle.{image}
Pat, sorry for this question but I don't know the answer so...

What is N3? I understand all the other letters on the chart but N3?
...because you never know - until you do!
  • #731,105
  • Feb 22, 2023 9:04am Feb 22, 2023 9:04am
Quoting fxsport
{quote} Pat, sorry for this question but I don't know the answer so... What is N3? I understand all the other letters on the chart but N3?
"Entry"....maybe we are the same person ...
  • #731,106
  • Feb 22, 2023 9:05am Feb 22, 2023 9:05am
Quoting pipcenturion
{quote} Hello sir, I really am sorry for the delayed response. On my spreadsheet for Feb 15, I had the maximum cumulative volume at a point that corresponds to 1.2096 See the screenshot below {image}
Yesterday, I expected sellers to be at the 1.2096 level but the supply failed to hold.

Now, being tested from the upside, the level ought to act as a demand level.

Buyers could be there waiting.
  • #731,107
  • Feb 22, 2023 9:05am Feb 22, 2023 9:05am
Quoting greenpips4
SHORT at 2105 targeting todays lows
closed at BE, I dont like the PA.
guess there will be no action until FOMC.
  • #731,108
  • Feb 22, 2023 9:06am Feb 22, 2023 9:06am
Hello guys, the price seem to be confined to a tight range less than 100 pips so far. Fomc is set to provide some fireworks but the range is still expected to be limited to 100 - 120 pips as 88% of this month's expected range is already complete.

Price is expected to stay within the confines of 1.2220 to 1.1885 for the rest of this February...

Sellable price for the rest of February is 1.2175 - 1.2220
Buyable price for the rest of February is 1.1920 - 1.1885...

Average target of 1.2030 - 1.2050... so expect a lot of price hovering within these levels in the remaining days of February...

Trade safely and remember we gain nothing by hating on others.
Data + Stat + Risk/Emotions Management
  • #731,109
  • Feb 22, 2023 9:08am Feb 22, 2023 9:08am
Quoting Moty
come on {image}
I think tomorrow we can see this up movement.
Together we can be strongest
Vantage Return This Month: na
  • #731,110
  • Feb 22, 2023 9:10am Feb 22, 2023 9:10am
Quoting Waveskierrob
{quote} unless it goes against you then you just don't post it and hope folks forget about it ....is this the correct procedure of the "scammer"
This is what defines a scammer right here, but could it also be the fact that they can’t admit losses ? I lose too… we all lose
Master your mind. Master Trading.
  • #731,111
  • Feb 22, 2023 9:15am Feb 22, 2023 9:15am
Quoting fxsport
{quote} Pat, sorry for this question but I don't know the answer so... What is N3? I understand all the other letters on the chart but N3?
N3 is short form of ENTRY in Forex.
  • #731,112
  • Feb 22, 2023 9:15am Feb 22, 2023 9:15am
Quoting Georginson
Hello guys, the price seem to be confined to a tight range less than 100 pips so far. Fomc is set to provide some fireworks but the range is still expected to be limited to 100 - 120 pips as 88% of this month's expected range is already complete. Price is expected to stay within the confines of 1.2220 to 1.1885 for the rest of this February... Sellable price for the rest of February is 1.2175 - 1.2220 Buyable price for the rest of February is 1.1920 - 1.1885... Average target of 1.2030 - 1.2050... so expect a lot of price hovering within these levels...
Thanks for your post Georginson, the question I'm asking myself is this, what exactly happened in that range? Was it accumulation or distribution. Then there's just the small matter of month-end flows that gets brought into the picture.

Cheers
Guy
  • #731,113
  • Feb 22, 2023 9:16am Feb 22, 2023 9:16am
Quoting Indigo45
{quote} N3 is short form of ENTRY in Forex.
been here for years and that’s new to me, thanks
Master your mind. Master Trading.
  • #731,114
  • Feb 22, 2023 9:17am Feb 22, 2023 9:17am
Quoting DrDave
{quote} I think that most of us are trying to get a "view" of how price vs time has unfolded on some particular TF(s). When making scatter plots, it is common to apply some visual aid, such as a regression plot, to gain a better "view" of what likely represents the main features of that data. As I have posted before, I similarly make a "smoothed view" via indicators without even having price bars displayed. Only after this smoothed view indicates something of interest do I display the price bars. So for me, the price bars are actually a noisy distraction...

Cyndi Lauper - True Colors (Official HD Video)

Inserted Video
Together we can be strongest
Vantage Return This Month: na
  • #731,115
  • Feb 22, 2023 9:20am Feb 22, 2023 9:20am
Quoting KareemAliFx
{quote} This is what defines a scammer right here, but could it also be the fact that they can’t admit losses ? I lose too… we all lose
Correct when folks say they never lose, alarm bells start ringing ....ps I never lose ...
  • #731,116
  • Feb 22, 2023 9:21am Feb 22, 2023 9:21am
Quoting pipcenturion
{quote} Yesterday, I expected sellers to be at the 1.2096 level but the supply failed to hold. Now, being tested from the upside, the level ought to act as a demand level. Buyers could be there waiting.

GU

Hello Pip Centurion,

I highly value and anticipate your insights, and I appreciate you sharing them here.
In light of the upcoming FOMC meeting, I wanted to share my current trade projection.
This is just my perspective, and I welcome the opportunity to exchange ideas with you.

Regards
PAT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #731,117
  • Feb 22, 2023 9:24am Feb 22, 2023 9:24am
Quoting KareemAliFx
{quote} been here for years and that’s new to me, thanks
It just show how lazy I am.........
Entry posted as N3

I hope I did not violate any trader protocols or disciplines by doing so.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #731,118
  • Feb 22, 2023 9:24am Feb 22, 2023 9:24am
Quoting Guy1969
{quote} Thanks for your post Georginson, the question I'm asking myself is this, what exactly happened in that range? Was it accumulation or distribution. Then there's just the small matter of month-end flows that gets brought into the picture. Cheers Guy
I may not fully understand your question but let me lazily reply by saying it is more of accumulation of various macro Fundamentals which have already happened and also characteristics of February Months from the perspective of its range behavior.

Checking the fundamentals calendar for the rest of this February looks quite insignificant, hence the range will be limited.

February usually produces between 450 - 600 pips (except if something extraordinary happens do we have more) and so far we already have 485 pips this February...

I hope this answers your question to an extent.

Regards,
George.
Data + Stat + Risk/Emotions Management
  • #731,119
  • Feb 22, 2023 9:30am Feb 22, 2023 9:30am
Quoting Pat Chiko
{quote} It just show how lazy I am......... Entry posted as N3 I hope I did not violate any trader protocols or disciplines by doing so.
as a guy who likes to code, I know the very definition of lazy
Master your mind. Master Trading.
  • #731,120
  • Feb 22, 2023 9:36am Feb 22, 2023 9:36am
Quoting fxmasterdxb
{quote} 1st target 1.1770 and final target 1.1540 {image}
closed my shorts overall +15, we re-enter after the FOMC
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