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Cable Update (GBPUSD)

  • #789,921
  • Nov 13, 2023 9:16am Nov 13, 2023 9:16am
Quoting zuko
Hmm... strange (I don't get it) price action today When I though we have finally broke out of todays range and at least 5M/15M closed below 1,2235, then right away we are back at 1,2255 and attacking it. I was lucky to close my short at BE. I guess it is better to stay away today.
sometimes best thing to do is to stick with bigger TF, smaller TF only works when market is moving in one direction or if its ranging
  • #789,922
  • Nov 13, 2023 9:20am Nov 13, 2023 9:20am
Quoting fxmasterdxb
{quote} sometimes best thing to do is to stick with bigger TF, smaller TF only works when market is moving in one direction or if its ranging
looking at small timeframes is like looking through a slit in a blindfold, tunnel vision
  • #789,923
  • Nov 13, 2023 9:24am Nov 13, 2023 9:24am
Quoting mkvy
{quote} looking at small timeframes is like looking through a slit in a blindfold, tunnel vision
i like looking @ 5 min TF when market is going in one direction, offers awesome entries
  • #789,924
  • Nov 13, 2023 9:28am Nov 13, 2023 9:28am
I am waiting for the price to break my sl
https://breakpullback.com
  • #789,925
  • Nov 13, 2023 9:31am Nov 13, 2023 9:31am
Quoting zuko
Hmm... strange (I don't get it) price action today When I though we have finally broke out of todays range and at least 5M/15M closed below 1,2235, then right away we are back at 1,2255 and attacking it. I was lucky to close my short at BE. I guess it is better to stay away today.
So NOW will you believe that the bears are only getting the crumbs that the bulls are leaving in their tracks?

By the way, it is highly likely that the H1 pullback is finished. But with the rangey kind of movement today, the smaller TFs could still go through another sequence of down moves to extend it a bit further down.
To free Gazans of Hamas, use whatever it takes.
  • #789,926
  • Nov 13, 2023 9:36am Nov 13, 2023 9:36am
My system is showing like this since asia open.

hourly in chart.

4 hr in sub window

Daily in sub window.

Entires are bands.
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Intraday only.
  • #789,927
  • Nov 13, 2023 9:37am Nov 13, 2023 9:37am
Quoting fxmasterdxb
{quote} sometimes best thing to do is to stick with bigger TF, smaller TF only works when market is moving in one direction or if its ranging
Totally wrong. "The market" is ALWAYS moving in 2 directions in sequence!!!! How it SEEMS to be moving comes down to what "viewport" you have chosen to view it from. EVERY TF is only a very, very small bit of the entire pool of TICK DATA that comprise "the market". So that should make it very obvious that how you decide to aggregate (and eliminate) parts of the data has a huge impact on what you "see".
To free Gazans of Hamas, use whatever it takes.
  • #789,928
  • Nov 13, 2023 9:40am Nov 13, 2023 9:40am
this PA is insane/////waaaat
MY OPINION NOT FINANCIAL ADVISE
  • #789,929
  • Nov 13, 2023 9:41am Nov 13, 2023 9:41am
Quoting mkvy
{quote} looking at small timeframes is like looking through a slit in a blindfold, tunnel vision
Sometime tunnel vision is REQUIRED. In order to pull the ticks off of an elelphant, you MUST zoom in. If you don't care at the moment about the tick problem but want to measure how tall it is, then you must ZOOM OUT from your tick view, and now you will not see a single tick. Yet EVERY tick is right there!
To free Gazans of Hamas, use whatever it takes.
  • #789,930
  • Nov 13, 2023 9:42am Nov 13, 2023 9:42am
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yes yes yes
  • #789,931
  • Edited 10:07am Nov 13, 2023 9:49am | Edited 10:07am
CPI...

May be spike up... then sell off.

Then the lows are to be bought.

For the week.

This is my guess and not analysis.

What is the point in analysis before hand and totally going in opposite direction .



Better to trade what the chart says.. tomorrow.
Attached Image (click to enlarge)
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Intraday only.
  • #789,932
  • Nov 13, 2023 9:55am Nov 13, 2023 9:55am
Wooow guru who rubbed you up....been waiting for you up here
average dude treading water
  • #789,933
  • Nov 13, 2023 9:58am Nov 13, 2023 9:58am
Quoting DrDave
{quote} Totally wrong. "The market" is ALWAYS moving in 2 directions in sequence!!!! How it SEEMS to be moving comes down to what "viewport" you have chosen to view it from. EVERY TF is only a very, very small bit of the entire pool of TICK DATA that comprise "the market". So that should make it very obvious that how you decide to aggregate (and eliminate) parts of the data has a huge impact on what you "see".
well, i shared my view!

if you have opposing view you may very well say it but you cant claim what im saying is wrong!
  • #789,934
  • Nov 13, 2023 9:59am Nov 13, 2023 9:59am
I promise... no more today.

The spike on the upper band, I sold and booked 250 bucks.

That makes two grands,

Done.

There will be question why i sell.

As long as daily says sell, 4 hr , 1 hr says buy, I can do both.
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Intraday only.
  • #789,935
  • Nov 13, 2023 10:05am Nov 13, 2023 10:05am
Quoting GODofMC
The plan today is to take every 5-10 pips profit
still up and down for 5-10 pips.
Glad i didnt take any order
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #789,936
  • Nov 13, 2023 10:05am Nov 13, 2023 10:05am
Quoting Moty
{image} {image}
This mf is repainting
Good bye mf
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yes yes yes
  • #789,937
  • Nov 13, 2023 10:05am Nov 13, 2023 10:05am
chart example, wherin 1hr, 4 hr, daily..all buy..

I can not sell.
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Intraday only.
  • #789,938
  • Nov 13, 2023 10:10am Nov 13, 2023 10:10am
Quoting Moty
{quote} This mf is repainting Good bye mf {image}
lower TF always Repainting mate.
I think we should see H4, H1, M30, M15 then lower TF.
It is hard but worth i think
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #789,939
  • Nov 13, 2023 10:11am Nov 13, 2023 10:11am
Quoting Moty
{quote} This mf is repainting Good bye mf {image}
yes, another change in strategy, a different one for every candle
what does mf mean? I can guess its not a very nice phrase
we should rename this thread to Motys FU'ps
  • #789,940
  • Nov 13, 2023 10:12am Nov 13, 2023 10:12am
Quoting fxmasterdxb
{quote} well, i shared my view! if you have opposing view you may very well say it but you cant claim what im saying is wrong!
but you cant claim what im saying is wrong
LOL. BUT I JUST DID!!! And I explained why.
To free Gazans of Hamas, use whatever it takes.
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