Cable Update (GBPUSD) | Page 37888 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #757,741
  • Jul 12, 2023 3:43am Jul 12, 2023 3:43am
Contribute some chicken scratch and spaghetti string charts to the thread...

Oh yeah, I get off on that.
Attached Image (click to enlarge)
Click to Enlarge Name: R.jpg Size: 32 KB
Trade at your own risk.
  • #757,742
  • Edited 3:58am Jul 12, 2023 3:47am | Edited 3:58am
"Double star"

https://www.dallasfed.org/research/economics/2023/0703

Reduce liquidity fragility globally/Lower lending leverage = Less volatility and trading opportunities = More towards fixed currency rates than free floating currency.
You have an IQ lower than 90 if you interact with this user.
  • #757,743
  • Edited 4:13am Jul 12, 2023 3:52am | Edited 4:13am
...it's all 1hr or below re pot supp/rbs zones until 2850 when prev 4hr and 4hr/dly pot rbs zones starts...1st 'meaningful' fib is 2917 (23.6% 2850-2970.) Price still in Asian lo-hi pip range right now and has spent all London session so far there. 109% of 13wk awr traveled so far this week. Gmt+3 4hr candle likely to close as a bear engulf/bear engulf thrust, in a few mins.

EDIT: chart added

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Trader with an Edge.
  • #757,744
  • Jul 12, 2023 4:06am Jul 12, 2023 4:06am
Quoting voeltoez
{quote} {image}
my 2nd sell opened...lets down to 1.2810 first
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20230712_160758.JPG Size: 76 KB
  • #757,745
  • Jul 12, 2023 4:08am Jul 12, 2023 4:08am
Yeah i think the last sentence Bailey said, was something about repossessing the houses of those with mortgage.
You have an IQ lower than 90 if you interact with this user.
  • #757,746
  • Edited 4:48am Jul 12, 2023 4:12am | Edited 4:48am
Quoting GEfx
{quote} Peter, I trade the 4H and 1H charts, with entry and exit work on the 10M chart. All that bullshit you just spewed comes from your 1M charts, and means absolutely nothing to me. It makes no sense, and it makes no difference to how I trade. So your critique of my trading is from the perspective of a 1M chart reader. Think about this: a bank trader trades the Day chart, and enters and exits on the 1H chart. Do you think any of what you just typed has any impact on actual trading? It does not, because the market movers don't think about the...
I know that the forex is not random on the 4H and day charts, but it is clearly random on the 1M chart, and your 1M observations mean nothing in the real forex trade.
Interesting, because a fractal model (chaotic) of financial time series seems to be better at modeling/explaining many aspects of the series than models based on either random or other non-random properties.

Quoting A Fractal Forecasting Model for Financial Time Series
Financial market time series exhibit high degrees of non-linear variability, and frequently have fractal properties . . . this is associated with two features: (1) inhomogeneity— extreme fluctuations at irregular intervals, and (2) scaling symmetries— proportionality relationships between fluctuations over different separation distances.
Quoting Financial Time Series Modelling Using Fractal Interpolation Functions
. . . financial time series often present fluctuations or abrupt changes which the fractal interpolants can inherently model.
For example, the fractal nature (related to self-similarity) results in EVERY time frame containing the same patterns. The TFs merely present scaled (zoomed) views, revealing the pattern on any TF. So with this model, if you have random on one TF, then you have random on EVERY TF. Likewise if you have "not random" on one TF, then you have "not random" on EVERY TF. In addition, we are prone to make decisions based on the data at hand with little consideration for scaling effects. For example, place 2 points anywhere on a sheet of paper. Now connect them. What "model" did you use to connect them? Likely you simply drew a straight line between them. Now zoom out---W-A-Y out. Now I will lay the circumference of a circle with a really big radius over your line, and my model says that your "straight line" is not straight at all, but is actually an arc of my circle.

Although if a strictly chaotic model is chosen, then fractality is deterministic, and the price "turning points" are strange attractors and the use of statistical measures are invalid, there is still debate about whether the fractality is stochastic or deterministic.

I think the biggest problem with conventional bar charts is the fact that, for whatever reason, a decision was made that for each selected TF, exactly 4 price/time values (O,H,L,C) are pulled out from the tick data and stacked vertically with all of the other tick data (which can easily be thousands of data points even on a 1-hour bar) that was accumulated during that time interval completely ignored.

Attached File(s)
File Type: pdf 2004_Richards_AFractalForecastingModelForFinancialTimeSeries.pdf   149 KB | 260 downloads


Attached File(s)
File Type: pdf 2023_Manousopoulos_Financial Time Series Modelling Using Fractal Interpolation Functions.pdf   2.8 MB | 273 downloads
To free Gazans of Hamas, use whatever it takes.
  • #757,747
  • Jul 12, 2023 4:13am Jul 12, 2023 4:13am
Quoting Bogdanoff
lets try long for 20 pips Cheers
Stopped -10
my loss is your gain
  • #757,748
  • Jul 12, 2023 4:15am Jul 12, 2023 4:15am
Quoting Pat Chiko
{quote} GU Based on the current price action (PA) on the chart, I believe that the market maker (MM) will be engaging in a ranging and spiking dance performance between now and the next major news event in 4 hours. I'm not a fan of these types of ritual dance pre major impact news, so I'm going to close out all of my open positions and wait until the MM's ritual dance is over before I rejoin the market. Take care and play safe.{image}
I want to be like you in Equity..
You're an asset on FF!
Thanks for always sharing your charts
  • #757,749
  • Jul 12, 2023 4:17am Jul 12, 2023 4:17am
.... last 2 downside p/backs on the rise from 2592-2970 have been 109 then 100 pips. This so far - 48pips.
Trader with an Edge.
  • #757,750
  • Jul 12, 2023 4:19am Jul 12, 2023 4:19am
Asian low broke.

Would call it daily sell candle.

But, considering the news event, I booked my profits.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-07-12 051807.png Size: 11 KB
Intraday only.
  • #757,751
  • Jul 12, 2023 4:23am Jul 12, 2023 4:23am
SL moved to b/e at 12952
Insane in the Brain..
  • #757,752
  • Jul 12, 2023 4:25am Jul 12, 2023 4:25am
Quoting Headland
{quote} I wonder? The forecasts for a drop in U.s cpi could be $ negative/equities positive if they come to be. Re Uk Gdp, again if -0.3% or worse comes to be, re the forecasts, then equities negative but more difficult to say re £ as Boe Mpc still more likely than fed to riase again. Just speculating, not predicting, what will be will be, trade what we see, not what we think/expect.
Mr Headland.

Thanks for sharing your view.

Your last point bring me to this.
I see, but I refuse to think
If I fixate my sight I still able to see it............
Attached Image (click to enlarge)
Click to Enlarge Name: deception.jpeg Size: 63 KB


This is what the market offer us everyday.
Deception
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,753
  • Jul 12, 2023 4:28am Jul 12, 2023 4:28am
Pat which broker or brokers do you use?
People don't plan to lose. They lose because they don't plan.
  • #757,754
  • Jul 12, 2023 4:34am Jul 12, 2023 4:34am
Quoting ScalaFX
Pat which broker or brokers do you use?

I am currently using three brokers after negotiating hard with them on the terms and conditions of the accounts I want to trade.
I have shunned the other four, and I cannot give you their names as that would constitute commercial promotion.

Sincerely.
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,755
  • Jul 12, 2023 4:38am Jul 12, 2023 4:38am
Quoting ScalaFX
Pat which broker or brokers do you use?
His commission per lot amazed me. Lowest i get is $4 per lot.
Tried to negotiate below, the broker told me to take it or leave it.
I guess i need to work on my negotiation skill
More time in the market, does not mean you trade better!
  • #757,756
  • Jul 12, 2023 4:39am Jul 12, 2023 4:39am
Quoting Pat Chiko
{quote} I am currently using three brokers after negotiating hard with them on the terms and conditions of the accounts I want to trade. I have shunned the other four, and I cannot give you their names as that would constitute commercial promotion. Sincerely. PAT
I understand, this all accounts are ECN?
People don't plan to lose. They lose because they don't plan.
  • #757,757
  • Jul 12, 2023 4:41am Jul 12, 2023 4:41am
Quoting Fardeen1209
{quote} His commission per lot amazed me. Lowest i get is $4 per lot. Tried to negotiate below, the broker told me to take it or leave it. I guess i need to work on my negotiation skill
when you start withdrawal 10k everyday like Pat you can negotiate all
People don't plan to lose. They lose because they don't plan.
  • #757,758
  • Jul 12, 2023 4:43am Jul 12, 2023 4:43am
Quoting Fardeen1209
{quote} His commission per lot amazed me. Lowest i get is $4 per lot. Tried to negotiate below, the broker told me to take it or leave it. I guess i need to work on my negotiation skill
There are a couple of brokers who I know that won't charge commissions, they have all in feed with competitive spreads.
Negotiating commissions are difficult most brokers wont do it unless you have large trading volumes.
  • #757,759
  • Jul 12, 2023 4:45am Jul 12, 2023 4:45am
No guess work, I shorted at right place... but then...If I follow this every day correctly, I am winner everyday.

Yeah it starts with 1 min chart !!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-07-12 054315.png Size: 18 KB
Intraday only.
  • #757,760
  • Jul 12, 2023 4:48am Jul 12, 2023 4:48am
Quoting ScalaFX
{quote} when you start withdrawal 10k everyday like Pat you can negotiate all
Attached Image (click to enlarge)
Click to Enlarge Name: 10kday tradert.png Size: 94 KB
More time in the market, does not mean you trade better!
1,120 traders viewing now