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Cable Update (GBPUSD)

  • #732,021
  • Edited 8:12am Feb 25, 2023 7:46am | Edited 8:12am
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?better not follow my analyses!doubt clearer first, risks ++
  • #732,022
  • Edited 10:19am Feb 25, 2023 10:04am | Edited 10:19am
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.
To free Gazans of Hamas, use whatever it takes.
  • #732,023
  • Feb 25, 2023 10:18am Feb 25, 2023 10:18am
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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POSTMASTER
  • #732,024
  • Edited 10:50am Feb 25, 2023 10:28am | Edited 10:50am
Quoting Robinhood1
{quote} Will they hold the rugby mele {image}
Their purchasing power needs increasing for the umpteenth time
POSTMASTER
  • #732,025
  • Feb 25, 2023 10:31am Feb 25, 2023 10:31am
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.
  • #732,026
  • Feb 25, 2023 11:01am Feb 25, 2023 11:01am
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 fears & tame 'ur greed
  • #732,027
  • Feb 25, 2023 2:29pm Feb 25, 2023 2:29pm
Quoting AlfieSolomon
Weekend fun shorted btc from 15 min fvg {image}
Closing this here for 221 points
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  • #732,028
  • Feb 25, 2023 2:49pm Feb 25, 2023 2:49pm
USD is very strong. All my forecast is in favor of the dollar and also the Canadian dollar
My telegram: https://t.me/avidforex
  • #732,029
  • Feb 25, 2023 3:49pm Feb 25, 2023 3:49pm
Is like the dollar index is headed to 105.400...
My telegram: https://t.me/avidforex
  • #732,030
  • Feb 25, 2023 4:49pm Feb 25, 2023 4:49pm
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.
  • #732,031
  • Feb 25, 2023 5:01pm Feb 25, 2023 5:01pm
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #732,032
  • Edited 5:54pm Feb 25, 2023 5:17pm | Edited 5:54pm
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.
POSTMASTER
  • #732,033
  • Feb 25, 2023 5:18pm Feb 25, 2023 5:18pm
Quoting Robinhood1
{quote} Will they hold the rugby mele {image}
Mele broken. Not sure if i said it right "mele"
POSTMASTER
  • #732,034
  • Feb 25, 2023 5:20pm Feb 25, 2023 5:20pm
Quoting Reda.el
{image}
Mayor reverse to the upside today. I am dragging the Algo with me.
POSTMASTER
  • #732,035
  • Feb 25, 2023 5:39pm Feb 25, 2023 5:39pm
Quoting Robinhood1
{quote} Mayor reverse to the upside today. I am dragging the Algo with me.
Every thing is possible but not yet for my setup.
REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #732,036
  • Feb 25, 2023 6:06pm Feb 25, 2023 6:06pm
Quoting Pat Chiko
{quote} {quote} Hello Walliam, I am still in Singapore and finished my paper about three hours ago. I would like to share some basic insights on how I view supply and demand in conjunction with price action, rather than as a standalone concept. We will be looking at a real-time live example to help you better understand how the law of supply and demand works. However, it typically takes an average trader around five years to fully understand supply and demand. I will try to explain it in one post, but I doubt it will be possible to make anyone fully...
Is this the same Pat Chiko who started a thread a couple weeks before this presentation stating "The Trend Following System is Dead?"
And is he talking about supply/demand? Supply/Demand being a cornerstone of trend reversals and trend continuations and "seeing" big$ accumulation on the charts and riding the big$'s coat tails? The same Supply/Demand he alluded to no longer working because "The Trend Following System is Dead."

Hmm, it almost seems like someone asked him to speak about trends/Supply/Demand so he started that thread so he could get ideas for his presentation. Although he did miss that G/U has been in a sideways channel for 3 months, not 3 weeks.

In fact, it's very interesting that what I wrote on that thread on Feb 15 seems to have become the basis for his presentation:

  1. Feb 15, 2023 10:16pm

  1. CashBox
  2. Joined Jun 2007 | Status: Member | 824 Posts

"It's strange to declare "The Trend Following System is Dead" when we're in a large sideways channel where Supply/Demand has to be chewed through before a new trend can start. It's only been around 3 months. Sideways happens. Markets have been doing this since the beginning of time. So, start yourself your own new trend of trading from top to bottom of the channel until you're wrong and then you'll have a breakout into a new trend. Or, better yet, find something to trade that isn't in a sideways channel and don't crap where others are happy making big $ trading from top to bottom and bottom to top sideways on the larger time frames."

You're welcome for me writing the idea and summary of your presentation. Does anyone have any ideas on what charity ole Pat can make a check out to for my half of his presentation fee?

Also interesting is the poster has not started an actual trading thread since 2013 when he disappeared off of FF only to pop up again in 2021 with threads that seem to only skirt the edges of trading, but no trading system or trading charts to show for his 7 years of absence.

Pardon me for being a tad sarcastic here, but I feel it is disingenuous for someone to take a dump on something that works consistently as a way to ride the big$'s coat tails one day and then give a presentation praising it ten or so days later. Something very off about that.

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  • #732,037
  • Feb 25, 2023 6:06pm Feb 25, 2023 6:06pm
Quoting Robinhood1
{quote} 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.
Good, please go and sell USD.

good luck
Master your mind. Master Trading.
  • #732,038
  • Feb 25, 2023 6:46pm Feb 25, 2023 6:46pm
Quoting KareemAliFx
{quote} Good, please go and sell USD. good luck
Already done on friday. Do not need good luck but thanks anyway, take care.
POSTMASTER
  • #732,039
  • Feb 25, 2023 6:50pm Feb 25, 2023 6:50pm
Quoting Robinhood1
{quote} Already done on friday. Do not need good luck but thanks anyway, take care.
no I have seen ur under water buys for this pair earlier last week, don’t fool me. I’m ignoring you now , again . Good luck
Master your mind. Master Trading.
  • #732,040
  • Feb 25, 2023 6:58pm Feb 25, 2023 6:58pm
Quoting Robinhood1
usdchf short 0.9385 target below 0.9050
Yes, i already said last week i am short usdchf. You sound like another corporative "FX" (revealing) employee tracking me. Your Algo is shitting from now on. Good choice ignoring, I wish more do like you.
POSTMASTER
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