Cable Update (GBPUSD)

Am I reading the forex factory news calender wrong or something, CAD news comes out in 20 mins right? Why have we just seen this massive spike on CAD pairs, something been leaked?

opec

...Back for NFP...price takes another excursion south below the Asian lo - a downside break of the 5/15/30min rangy channel that had developed, it then encounters buyers at top of a prev 1hr sw hi zone = prev res = pot rbs.

1hr below

So im going with my degenerate strategy for NFP, take in both directions 2 mins before release, SL 20 pips, TP open. I don't care about the direction as long as it goes one way hehe.

OK, so you have brought up an import point. There is indeed a difference between just self-similarity, fractal patterns, and chaos. Chaos includes aperiodic cycles, so it cannot have "perfect" self-similarity and repeating fractals such as in the Sierpiński triangle. This partially explains why the 1-2-3 pattern of a "trend" does not have swings 1 and 3 of exactly the same length and slope. Also, the fact that the location of the strange attractor that is "pulling" price to a swing point is not known until after the fact, means that the actual path that price will take to reach the strange attractor cannot be determined. Plus, there is not some probablity that can be invoked to get an idea of what the price will be at the strange attractor because the value of that future point is unknown and UNKOWABLE. And so we have these many different types of patterns that unfold on a specified TF. But the GENERAL pattern is that price stretches space as it travels (makes a motive or trend move), folds space (goes into a retracement/correction of some type--simple consolidation with ranging; all of the wide-variety of Elliott wave corrections), followed by another stretch (motive or trend).

Chaos also explains why breakouts from consolidation zones take a variety of forms: Because we cannot predict nor know what the next price point will be. It may be yet another point in the folding phase, or it may be the first point in the stretch phase. But even if we would know ahead of time that it will be the first point of the stretch, we have no idea what that actual price will be--just a small move, or a huge jump, or something in between? And no probability distribution to give us a clue, either. It does not matter that the folding has gone on for 5 bars or 500 bars on the viewed TF; we have no way of knowing when the price will start stretching space and the breakout occur.

As promised!



I like watching M1 Chart on news releases...

GOLD

NFP

Heh, rekt.

USD CAD

NFP

NFP REVISED DOWN!

I was watching M1 Chart and it's fascinating how algo first went down to pick up SL's and only then went up. It was quite interesting watch. It seems a lot of orders were sitting at 1.2680.

Come on!!!

trade is open.

Thank you NASA!

Is it me or was it mixed data? Therefore not too impactful?

1.27 holding on for dear life lol. Will be going full margin next week lol

Mr Coreg mind i get your EW opinion, Wave still in play?


Was expecting 30 mins timeframe wave (ii) to be a spike higher in case NFP is bad but close below starts of Wave (i)

I'll change the target to 1.2793 too.

Nothing happened

EU had a beautiful setup. Way clearer than GU.