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Cable Update (GBPUSD)

  • #764,381
  • Aug 4, 2023 11:17am Aug 4, 2023 11:17am
Quoting T721
THIS IS MY THOUGHTS ON EU ----- AND YES ITS A REAL TIME CHART NOT SOME AFTER THE FACT BULLSHIT FOLLOW AT YOUR OWN PERIL I COULD BE WRONG ---- BUT AT LEAST I CONTRIBUTE AND ITS NON CRYPTIC --- CHART SPEAKS PS, this could even turn up from here. I scale in to bottoms and scale tops --- Like Waveskierrob says BIG BANK SMALL LOTS {image}
EUR/USD UPDATE --- not too fuckinshabby but fuckme it requires some fuckinpatience
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  • #764,382
  • Aug 4, 2023 11:18am Aug 4, 2023 11:18am
Quoting Scotteyy
{quote} Do you do all your trading on the 1 minute? I've considered trading solely on the 1m for a bit to see how it goes. Seems like you would get plenty of set ups to keep you busy, only downside would be spreads being proportionately bigger I guess.
Dont be stupid --- 1min will fuckuup big time--- too much fuckin-noise
  • #764,383
  • Aug 4, 2023 11:20am Aug 4, 2023 11:20am
Quoting Scotteyy
{quote} That's a pretty cool way to look at it, what indicator is that? Something similar to supertrend or MA crosses but on multiple timeframes?
It is a custom indicator that I put together.

But really, the actual indicator is not the "secret", but it is the periods that you set. There are a shipload of indicators that will give you essentially the same information. Look at the customized MACDs like here. That has more cognitive load than the simple lines, but tells the same story.
To free Gazans of Hamas, use whatever it takes.
  • #764,384
  • Aug 4, 2023 11:21am Aug 4, 2023 11:21am
Quoting Solve_Forex
{quote} That is a very interesting chart up top, though I'm not quite sure how I should be reading it?! I'd be grateful if you could explain.
Hi.
Nothing important there. This is a table with August candles metrics for previous years and just a distribution chart of it's values (including outliers like 1600+ pips)
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Air force
  • #764,385
  • Aug 4, 2023 11:22am Aug 4, 2023 11:22am
Quoting T721
{quote} Meant to be good but i only drink wine now n again so couldnt say. Last time i drank beer it was Coors
Drinking Coors, that explains why you gave up beer!
  • #764,386
  • Aug 4, 2023 11:24am Aug 4, 2023 11:24am
Quoting dantpm
{quote} Drinking Coors, that explains why you gave up beer!
I am a lightweight pal
  • #764,387
  • Aug 4, 2023 11:25am Aug 4, 2023 11:25am
Quoting palpite
{quote} Look how i used the stochastic. I closed the trade when the stochastic touched the level 20. Exactly the opposite as everything you can read about the stochastic. And i stay bought when the stochastic was overbought. https://www.forexfactory.com/thread/...8#post14524448
And i stay bought when the stochastic was overbought.
EXACTLY as should be done, when you actually understand what the stochastic is doing and "overbought" is totally wrong thinking. And, running into "OB" tells you to look at higher TFs until you find where it first is no longer "OB".
To free Gazans of Hamas, use whatever it takes.
  • #764,388
  • Aug 4, 2023 11:25am Aug 4, 2023 11:25am
Quoting pipfarm
{quote} I would see it different the current move up is a small rally within W1 swing down- Red is the whole W1 with blue the subdivisions as seen on D1 {image}

Far from moving into any week 2 when price is nowhere near W1 yet, so current up move at the present moment is an H4 subdivision of D1

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Follow The Markets Structure - Patience and Discipline
  • #764,389
  • Aug 4, 2023 11:29am Aug 4, 2023 11:29am
This is my favorite thread. And it has nothing to do with cable. Some of you guys are Dave Chapelle level of humor.
  • #764,390
  • Aug 4, 2023 11:30am Aug 4, 2023 11:30am
I'm out! My Elliott Wave analysis still stands . Now I'm only one trade away to becoming a funded trader.
My plan is to wait this out and buy the new pullback, because I think that in this instance it won't matter whether the new wave is going to be A/1. That is if everything goes according to my plan .

GBP/USD 4H
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EUR/USD 4H
There was a better setup on the EUR/USD. Bullish divergence before price went up.
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Have a good weekend!
  • #764,391
  • Aug 4, 2023 11:34am Aug 4, 2023 11:34am
Quoting dempire1
Im out. Hopefully you all catched real pips. Stay strong. Enjoy weekend. {image}
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  • #764,392
  • Aug 4, 2023 11:35am Aug 4, 2023 11:35am
Quoting pipfarm
{quote} I would see it different the current move up is a small rally within W1 swing down- Red is the whole W1 with blue the subdivisions as seen on D1 {image}
I have D1 trying to move into a corrective rally because D2 needs to rally. And D2 cannot rally unless D1 rallies first. Plus the fact that H8 has already started its swing up and is likely the begining of it going into an up trend, which will be the D1 rally commencing.
To free Gazans of Hamas, use whatever it takes.
  • #764,393
  • Aug 4, 2023 11:35am Aug 4, 2023 11:35am
Quoting LetsGoPitt
I'm out! My Elliott Wave analysis still stands . Now I'm only one trade away to becoming a funded trader. My plan is to wait this out and buy the new pullback, because I think that in this instance it won't matter whether the new wave is going to be A/1. That is if everything goes according to my plan . GBP/USD 4H {image} EUR/USD 4H There was a better setup on the EUR/USD. Bullish divergence before price went up. {image} Have a good weekend!
Brilliant hope you get funded pal
  • #764,394
  • Aug 4, 2023 11:37am Aug 4, 2023 11:37am
Quoting pipfarm
{quote} Far from moving into any week 2 when price is nowhere near W1 yet, so current up move at the present moment is an H4 subdivision of D1 {image}
Btw the white dips within a swing signify minor pullbacks or impulses and can be traded from the lower timeframes. The current H4 upswing had a nice white dip for a long trade.
Follow The Markets Structure - Patience and Discipline
  • #764,395
  • Aug 4, 2023 11:37am Aug 4, 2023 11:37am
I now give the daily a 96% chance of printing bullish.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #764,396
  • Aug 4, 2023 11:45am Aug 4, 2023 11:45am
Add it up
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #764,397
  • Edited 11:57am Aug 4, 2023 11:46am | Edited 11:57am
Quoting T721
{quote} EUR/USD UPDATE --- not too fuckinshabby but fuckme it requires some fuckinpatience {image}
Just wondering Do you think our boy Caleb caught all this move.... Prolly come back later to say he did

See you on zoom tomorrow pal
  • #764,398
  • Aug 4, 2023 11:46am Aug 4, 2023 11:46am
Quoting DrDave
{quote} I have D1 trying to move into a corrective rally because D2 needs to rally. And D2 cannot rally unless D1 rallies first. Plus the fact that H8 has already started its swing up and is likely the begining of it going into an up trend, which will be the D1 rally commencing.
Honestly, without knowing what your using to define these swings i can not make a meaningful comment which probably applies to you with regard to what i am using.

I trust that my W1 is correct because i have seen it in action for over 20 years now, so i know for sure what i am showing is W1 with D1 subs and D1 with H4 subs, of course there are all sort of other timeframes in between so i get what your saying.
Follow The Markets Structure - Patience and Discipline
  • #764,399
  • Aug 4, 2023 11:49am Aug 4, 2023 11:49am
Quoting T721
{quote} Dont be stupid --- 1min will fuckuup big time--- too much fuckin-noise
How can there be "too much noise"? In fact, how can there be ANY noise when EVERY bar of EVERY TF is created from the SAME tick data???????

The OHLC of every bar on M1 FILTERED OUT every bit of tick data EXCEPT FOR those four pieces, OHLC. Likewise, every bar of every other TF has FILTERED OUT every bit of tick data except for the OHLC. So, where is the noise?????

But lets say that there is indeed noise in the tick data. Then for M1 to be "noisy", the 4 values that are selected out of all of the tick data during that 1-minute interval somehow "happened" to be noisy ones. And if the noise is a constant in the incoming tick data, then the LARGER the TF the NOISIER it should be, because as the TF increases, the number of ticks coming in during the time interval also increases. So now, those 4 tick values selected (OHLC) during this larger TF bar's period are being slected from a LARGER pool of values, making the probablility of selecting NOISY values even greater!

(Did you actually think about the subject before you posted, or did you simply regurgitate what you learned on YouTube?)
To free Gazans of Hamas, use whatever it takes.
  • #764,400
  • Aug 4, 2023 11:50am Aug 4, 2023 11:50am
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Do not get emotional when you gain or lose
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