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Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Robinhood1
usdchf short 0.9385 target below 0.9050
Starting nevt week
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PHASE II running 666
Quoting DrDave
{quote} In addition, look at some EURXXX pairs: So is EURCHF going up so nicely because of a strong EUR?? Not at all. Therefore, CHF must be floating in the toilet.
So flushing the toilet is next
PHASE II running 666
Quoting tradexyz
{quote} check $cam Level$ Brk Out Short 1.19688
I had the wrong directional bais. It's very costly to think of one side of the coin.
1.2145 was the key for the drop!
Face 'ur fear & Tame 'ur greed
Weekend fun shorted btc from 15 min fvg
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Hi, my plan for the upcoming week.
DXY is very bullish and it will keep rising long term as in believe it will go at least to 107.8
BUT, not so fast
still im positive on my prior plan that dxy need to clear some areas below.
So I will keep long and long and long gbpusd on every LtF shifts.
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Inglorious scalper
Quoting JereMi256
{quote} I had the wrong directional bais. It's very costly to think of one side of the coin. 1.2145 was the key for the drop!
I am leaning towards using the 9 period EMA ribbon and 9 period DEMA as confirmations of trend and directional bias.
Candles below the 9 period ribbon are a sure sign of which direction the market is moving in. A sharp cross by the DEMA of the EMA is a pretty good signal of a change in direction.
The attached chart shows by day how these work in the 5 min time frame to confirm the trend for most of last week..
48 period and 144 period high low ribbons confirm the trend on higher time frame.
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FOUND THIS GEM TODAY ..
a must watch to overcome psylogical barriers

Inserted Video
trying best and in strong hand at last , at least trying to do ! not any signal till breaks and hold 1.1840 and even do may correct enough till 1.2028 breaks down but at the same in both care price may breaks and back/ fake out anytime to bull again and even if down further 0922 by chance also bullish . as all afterall yealy pin bar candle in place now , not necessarily always work but chances more presently. anyway next week may decide 1940 breaks or no before further bull . so may range easily at the top still and even breaks still may bull , lates see what happen and top failure or correction it mat do from next week at an earliest !! critical and unrest , unexpected very likely happen but we may predict the rand so play may be comfortable without marrying any side !! smaller range can be 1886 -2026 while bigger on 1842 -2058 +-.take care

usdx very confident get the bull target next week and little more even but still not any easy for any sustainable bull this year , or my next even !
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Not understand?never follow my analyses!
Quoting pipcenturion
{quote} Hello sir, which instrument did you do these trades on? What is the 260 day ATR for the instrument? Could it be possible to find the relationship between the drawdown ranges as compared to the ATR of the instrument? Finally kindly permit me to ask . . . are you a medical doctor ? You seem to be very knowledgeable about many subject topics.
1. which instrument did you do these trades on?
GBPUSD

2. What is the 260 day ATR for the instrument?
No idea. Of course, you can check it yourself.

3. Could it be possible to find the relationship between the drawdown ranges as compared to the ATR of the instrument?
Of course it is possible to find such a relationship. You can make a follow up post when you have it completed. However, I suspect there is not much of interest to be found using a big ADR like 260. If you are looking for a small target, such as 5-10 pips, then I think you would want to be looking at very small ATR values on whichever TF you are using.
The markets are speaking to you. Do you know their language? I M T
Quoting Robinhood1
{quote} BTC to start dancing now that i am in Getting weekemd entertainment
Will they hold the rugby mele
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PHASE II running 666
Quoting Robinhood1
{quote} Will they hold the rugby mele {image}
Their purchasing power needs increasing for the umpteenth time
PHASE II running 666
Quoting DrDave
{quote} 1. which instrument did you do these trades on? GBPUSD 2. What is the 260 day ATR for the instrument? No idea. Of course, you can check it yourself. 3. Could it be possible to find the relationship between the drawdown ranges as compared to the ATR of the instrument? Of course it is possible to find such a relationship. You can make a follow up post when you have it completed. However, I suspect there is not much of interest to be found using a big ADR like 260. If you are looking for a small target, such as 5-10 pips, then I think you...
First let me say a big thanks to you sir for taking out time to answer my questions.
Regarding the bolded, I am of the opinion that a higher sample population will give a more precise and stable value.
Secondly, I do not target little pips like 10 or 20. For any pair that I trade, I aim at making at least 70% of the instrument's average daily range. Sometimes I make slightly less than 70% but that is the baseline with which I measure my performance.
Where I come from, 70% is the lower limit for an A. So I always use this as the metric for my performance in things that I do.
Thanks again for the wealth of knowledge that you share with us on this thread.
Quoting dantpm
{quote} I am leaning towards using the 9 period EMA ribbon and 9 period DEMA as confirmations of trend and directional bias. Candles below the 9 period ribbon are a sure sign of which direction the market is moving in. A sharp cross by the DEMA of the EMA is a pretty good signal of a change in direction. The attached chart shows by day how these work in the 5 min time frame to confirm the trend for most of last week.. 48 period and 144 period high low ribbons confirm the trend on higher time frame. {image}
I am not into indicators.
Hope that works out for you though
Face 'ur fear & Tame 'ur greed
Quoting AlfieSolomon
Weekend fun shorted btc from 15 min fvg {image}
Closing this here for 221 points
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USD is very strong. All my forecast is in favor of the dollar and also the Canadian dollar
Whatever it takes…
Is like the dollar index is headed to 105.400...
Whatever it takes…
I am buying USDCAD!
Why?
As a Canadian , I see it myself but we are indeed in a recession. The US, the exact opposite. At least for now the US economy is not only resilient during geopolitical turmoil but actually performing very strong so far in 2023. Judging from the price action, we are at a very critical level for this pair.
Looking at sentiment, shorts abnormally high on the retail side, I’m seeing a 90% short ratio at very critical level. Which means this will very likely squeeze high this coming week.
this is a nice opportunity for this pair and my focus !
Master your mind. Master Trading.
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
Quoting KareemAliFx
I am buying USDCAD! Why? As a Canadian , I see it myself but we are indeed in a recession. The US, the exact opposite. At least for now the US economy is not only resilient during geopolitical turmoil but actually performing very strong so far in 2023. Judging from the price action, we are at a very critical level for this pair. Looking at sentiment, shorts abnormally high on the retail side, I’m seeing a 90% short ratio at very critical level. Which means this will very likely squeeze high this coming week. this is a nice opportunity for this...
Dollar is reversing for most pairs for a few weeks. My 2 cents. Cheers

I am dragging the Algo with me next week, usdchf. Flushing the toilet.
PHASE II running 666
Quoting Robinhood1
{quote} Will they hold the rugby mele {image}
Mele broken. Not sure if i said it right "mele"
PHASE II running 666
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