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Cable Update (GBPUSD)

  • #749,741
  • Jun 5, 2023 6:46pm Jun 5, 2023 6:46pm
Quoting navk
Hey guys, For tuesday buy above 2400. If this situation changes I shall post here
same here too..if H1 can close below 1.24 will invalidate all bullish moves..and return to bearish with target 1.2330 first
  • #749,742
  • Jun 5, 2023 6:48pm Jun 5, 2023 6:48pm
Quoting Moty
{image} {image}
base on your m15 chart...i choose wait candle break and close above 1.2450 to confirm bullish and going to pivot
  • #749,743
  • Jun 5, 2023 9:07pm Jun 5, 2023 9:07pm
Price unlikely to fall below even 2415 today.

Even if it falls 2400 might hold.

As I see from my HA chart, 4hr and daily aligned.

100 pip move i expect today.
Intraday only.
  • #749,744
  • Jun 5, 2023 9:19pm Jun 5, 2023 9:19pm
Quoting Moty
{image} {image}
Can you share with me super trend indicator pls.
I guess red and blue indicatoe is super trend
Intraday only.
  • #749,745
  • Jun 5, 2023 9:23pm Jun 5, 2023 9:23pm
Quoting navk
{quote} Can you share with me super trend indicator pls. I guess red and blue indicatoe is super trend
its bollinger bands stop indicator
  • #749,746
  • Jun 5, 2023 9:58pm Jun 5, 2023 9:58pm
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  • #749,747
  • Edited 11:45pm Jun 5, 2023 10:45pm | Edited 11:45pm
Rechecking before any engage, weekly bullish, daily at resistance, h4 and Lower tf may extend up above 2458, may even test and break 2494.. Better below 2400 to catch 2494 be fine for now if. Anyway more turmoils possible here both sides, take care
One last leu up running, top failure signal 2438, ist confirmation 2432.earliest signal2446 and 42, final 2nd confirmation 2421 for bottom play.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #749,748
  • Jun 5, 2023 11:29pm Jun 5, 2023 11:29pm
Quoting Ferna
{quote} I immediately withdraw all my money when a young hot girl called me saying she used to be a professional algorhitmic trader. I asked her why she worked at customers service now if she been a successful trader at such an early age. She wanted to focus on me instead.
In this industry the only thing that worked with greater chance is old stuff developed in late 1800s and/or early 1900 and is free.
Anything can come with a price tag on it, it is another BS created in 2000s.

Majority of todays hedge funds billionaire were once floor traders at either CME or Goldman sachs (other prestigious firms), and back in those days there were nothing to be paid instead they need to buy books and read those oldie stuff and most importantly applied them correctly.
When they were once floor trader, their orders were manipulative and need to them manually to catch a trend which comes with human error especially they will need to get the reversal point only after the fourth or fifth try.

Todays with their billions of dollar invested in algo to eliminate human error, the algos do that for them to eliminate the human psychology/emotion especially after their fifth failed attempt.
Algo used market orders with high leverage to push price to LQ where their Limit orders with low to no Leverage will be placed. Or decode statement or economic data faster than human
Every market participants will everything at their disposal to put the odds in their favour
Even tho algos are always present at any given point in time, the market move anticipation will always rely on human decision. That why they still hired traders, otherwise couple years ago, no trading firms should be hiring human traders if Algos were doing everything!

It is always well-informed traders vs uninformed traders!

Just my 2 cents!
More time in the market, does not mean you trade better!
  • #749,749
  • Jun 5, 2023 11:30pm Jun 5, 2023 11:30pm
Quoting navk
{quote} Can you share with me super trend indicator pls. I guess red and blue indicatoe is super trend

https://www.mql5.com/en/market/produ...ource=External
Attached File(s)
File Type: ex4 SuperTrend Indicator.ex4   12 KB | 375 downloads
yes yes yes
  • #749,750
  • Jun 5, 2023 11:51pm Jun 5, 2023 11:51pm
#GBPUSD / H4
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  • #749,751
  • Jun 5, 2023 11:57pm Jun 5, 2023 11:57pm
Quoting Fardeen1209
{quote} In this industry the only thing that worked with greater chance is old stuff developed in late 1800s and/or early 1900 and is free. Anything can come with a price tag on it, it is another BS created in 2000s. Majority of todays hedge funds billionaire were once floor traders at either CME or Goldman sachs (other prestigious firms), and back in those days there were nothing to be paid instead they need to buy books and read those oldie stuff and most importantly applied them correctly. When they were once floor trader, their orders were manipulative...
One of the biggest challenges that traders face today is understanding how the market works. There is a lot of incorrect information floating around! The main players are the same. Computer controlled markets have been around for a couple of decades and for many the way that these computerized trading markets work is unclear. I believe that clearest explanation is that computerized markets move price to match open orders in a profitable manner for the market. (Nothing in this explanation about news, bias, sentiment, and so on). Central banks are the most influential players and always have been. The tools that they use to influence the market have changed. Central banks all have plans about where they want rates and virtually unlimited funds to move the markets towards desired rates. Central banks react to news, market conditions, actual exchange rates and so on. Hedge funds, etfs and so on then come into the picture as you outlined and finally there are the traders. The role of commercial banks, and businesses in the markets remains unchanged from the past, they simply want to eliminate risk to their operations.
My 2 cents.
  • #749,752
  • Jun 6, 2023 12:03am Jun 6, 2023 12:03am
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yes yes yes
  • #749,753
  • Jun 6, 2023 12:13am Jun 6, 2023 12:13am
Quoting Coreg2004
{quote} karankeni, that's what I talked about in PM. Also, I use the Gann principle to establish the end of the section. I marked Wave I differently than your software b/c of his rule. W.D. Gann called this an overbalance of time and/or price (the greatest move in time and amplitude). It is a simple way to help determine whether a section is complete. {image}
starting points would give more accurate angles by squaring of price/time

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #749,754
  • Jun 6, 2023 12:13am Jun 6, 2023 12:13am
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  • #749,755
  • Jun 6, 2023 12:32am Jun 6, 2023 12:32am
i don't like this rejection
i am out for now
took short gj
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yes yes yes
  • #749,756
  • Jun 6, 2023 12:35am Jun 6, 2023 12:35am
Quoting mysterio
This is my estimate at the following two days See how todays UK daily open deflected price in late asia cannot believe i didn't see that {image}
i see something like this today

buy from either 1.2420 or 1.2433

as high as 1.2496 but use judgement then sells
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  • #749,757
  • Jun 6, 2023 12:57am Jun 6, 2023 12:57am
its going down .. rejection bounce from H4 middle BB..
if cant close above 1.2470 its all way down this week..
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  • #749,758
  • Jun 6, 2023 12:59am Jun 6, 2023 12:59am
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  • #749,759
  • Jun 6, 2023 1:03am Jun 6, 2023 1:03am
Come on bears
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yes yes yes
  • #749,760
  • Jun 6, 2023 1:06am Jun 6, 2023 1:06am
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