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Cable Update (GBPUSD)

  • #765,541
  • Aug 9, 2023 8:04am Aug 9, 2023 8:04am
2800 is r1 for today.

Keep an eye on this number.

This makes 85 pips ADR.

2715 to 2800
Intraday only.
  • #765,542
  • Aug 9, 2023 8:09am Aug 9, 2023 8:09am
IF confirmed, target may be above 1.2950 on Monday

Attached Image (click to enlarge)
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  • #765,543
  • Aug 9, 2023 8:12am Aug 9, 2023 8:12am
Hourly confirmed Short already and H4 is really close to doing so too.

My bet is that H4 will confirm Short before CPI even takes place.

This Hourly candle doesn't have a wick to the downside. The whole candle will probably blow off and go down.
I'll share H4 Chart again if it confirms Short.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD H4.png Size: 19 KB
  • #765,544
  • Aug 9, 2023 8:17am Aug 9, 2023 8:17am
buy - 1.2738

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 21 KB
Together we can be strongest
Vantage Return This Month: na
  • #765,545
  • Aug 9, 2023 8:17am Aug 9, 2023 8:17am
Short 1.2737
Sl 1.2750
TP 1.2680
  • #765,546
  • Aug 9, 2023 8:19am Aug 9, 2023 8:19am
Quoting Kez-m
I have thought long and hard about whether to write this post. And, on balance, have decided to do it. I have some suggestions: a) take all and I mean ALL indicators off your charts. Yep Trendlines and moving averages and stochastics and RSIs etc etc etc - what are they? Mathematical representations of price. The bars/candles before you. They are no indication of future price. b) study pivots - and I don’t mean P-R1-S1-R2-S2 etc pivots. Pivots are swing highs and swing lows. 2, 3 and 4 bar patterns - look at major turns in the market you’ll see...
Great input from you man!!!, i learnt some successful traders that put indicators on their charts only use the them for confirmation, but do real analysis based on what you said above
  • #765,547
  • Aug 9, 2023 8:23am Aug 9, 2023 8:23am
Quoting TheWraith
Hourly confirmed Short already and H4 is really close to doing so too. My bet is that H4 will confirm Short before CPI even takes place. This Hourly candle doesn't have a wick to the downside. The whole candle will probably blow off and go down. I'll share H4 Chart again if it confirms Short. {image} {image}
What time zone are you using for your 4 hour candle? It makes a difference. They don't all align with the market reset!
  • #765,548
  • Aug 9, 2023 8:33am Aug 9, 2023 8:33am
Quoting dantpm
{quote} What time zone are you using for your 4 hour candle? It makes a difference. They don't all align with the market reset!
GMT+1

3AM, 7AM, 11AM, 3PM, 7PM, 11PM.
  • #765,549
  • Aug 9, 2023 8:34am Aug 9, 2023 8:34am
Quoting FulMargnAlch
{image}
i'm with you mate, 'don't fiddle in the middle'. Waiting till either extreme is reached before I commit to anything. This stuff in the middle is chop slop
We don't see things as they are - we see things as we are.
  • #765,550
  • Aug 9, 2023 8:43am Aug 9, 2023 8:43am
Quoting palpite
buy - 1.2738 {image}
stop loss - 1.2723
Together we can be strongest
Vantage Return This Month: na
  • #765,551
  • Aug 9, 2023 8:44am Aug 9, 2023 8:44am
Quoting TheWraith
{quote} GMT+1 3AM, 7AM, 11AM, 3PM, 7PM, 11PM.
This will make a difference to your candles!
EST
1am 5am 9am 1pm 5pm 9pm
GMT +1
8pm 12am 4am 8am 12pm 4pm
  • #765,552
  • Aug 9, 2023 8:45am Aug 9, 2023 8:45am
Quoting dantpm
{quote} What time zone are you using for your 4 hour candle? It makes a difference. They don't all align with the market reset!
Market reset?
You have an IQ lower than 90 if you interact with this user.
  • #765,553
  • Edited 9:03am Aug 9, 2023 8:46am | Edited 9:03am
I started phase 2 just today.

Have to make 5 % ( without violating losses ) in order to earn another 100k funded account.

So, this 1.4 % enuff for this day. First day.

Do not want to go bang...bang..as I usually do.

ha..ha..
Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 66 KB
Intraday only.
  • #765,554
  • Aug 9, 2023 8:47am Aug 9, 2023 8:47am
Quoting Ferna
{quote} Market reset?
5 pm EST market roll over for the day.
  • #765,555
  • Aug 9, 2023 8:49am Aug 9, 2023 8:49am
Quoting dantpm
{quote} This will make a difference to your candles! EST 1am 5am 9am 1pm 5pm 9pm GMT +1 8pm 12am 4am 8am 12pm 4pm
What kind of difference, don't understand haha...
I like it the way it is now.. last H4 closes at exactly 11PM (in Croatia) when market resets.

You're saying I would get different signals and candle bodies if I used different time zones?

That's interesting actually.
  • #765,556
  • Aug 9, 2023 8:49am Aug 9, 2023 8:49am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #765,557
  • Aug 9, 2023 8:51am Aug 9, 2023 8:51am
Quoting TheWraith
{quote} What kind of difference, don't understand haha... I like it the way it is now.. last H4 closes at exactly 11PM (in Croatia) when market resets.
Your broker might reset at that time but the markets don't!
It will impact volatility. Use Tradingview and experiment with the time localize adjustment and you will see the difference.
  • #765,558
  • Aug 9, 2023 8:56am Aug 9, 2023 8:56am
Quoting dantpm
{quote} Your broker might reset at that time but the markets don't! It will impact volatility. Use Tradingview and experiment with the time localize adjustment and you will see the difference.
I never thought of that.. thanks!

Perhaps if I would combine let's say all the time zones I would get even better signals...
  • #765,559
  • Aug 9, 2023 8:59am Aug 9, 2023 8:59am
Quoting TheWraith
{quote} I never thought of that.. thanks! Perhaps if I would combine let's say all the time zones I would get even better signals...
There is no impact on the 1 hour and faster but over 1 hour there is an impact. It also impacts the day range and volatility!
I use manual lines and the sessions indicator to compensate in tradingview for the day impact. Time zone for higher timeframe candles.
  • #765,560
  • Aug 9, 2023 9:00am Aug 9, 2023 9:00am
Look like 1.2808 is a minimum target right now.
but it switching momentum too fast..

hate it.
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