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Cable Update (GBPUSD)

  • #794,701
  • Dec 1, 2023 9:20pm Dec 1, 2023 9:20pm
Quoting fxmasterdxb
{quote} GU was very very very manipulative this week, so many fake signals pointing to shorting or longing, I dont blame pat, he had all the reasons in the world to short it!
Sounds like "It didn't go my way, therefore, it's manipulated". Leave that smooth brain thinking for Moty.

The market moves where it needs to move. No need to demonize your failings and impart it onto amateur market mysticism
Congratulations ScalaFX for coming out of the closet!
  • #794,702
  • Dec 1, 2023 9:59pm Dec 1, 2023 9:59pm
Waiting for the speculators to go long and big money to go short then I will be more cautious. It hasn’t happened yet.
  • #794,703
  • Dec 1, 2023 11:01pm Dec 1, 2023 11:01pm
Quoting dantpm
{quote} Dave, how often does the 10 am spike occur with no news vs the 8:30 spike with now news? Just asking for a friend.
No idea. I don't pay much attention to news, so no interest in checking the time correlations.
To free Gazans of Hamas, use whatever it takes.
  • #794,704
  • Dec 1, 2023 11:12pm Dec 1, 2023 11:12pm
I have always noticed that taking trades after 9 pm est or 9 am est or 5 am est gives better results.

This is the time, 4 hr candle opens.
Intraday only.
  • #794,705
  • Dec 1, 2023 11:19pm Dec 1, 2023 11:19pm
Quoting ninner
Waiting for the speculators to go long and big money to go short then I will be more cautious. It hasn’t happened yet.
Yes, back nearing the level where it was three weeks ago, it's a critical point, though far from "entries", so, still, to be cautious should be put to priority.
  • #794,706
  • Dec 2, 2023 1:18am Dec 2, 2023 1:18am
  •  Oylux
  • | Joined Nov 2023 | Status: Natures Best. Nig 🇳🇬 | 66 Posts
lol I use to think only women couldn’t stand each other in real life and online but FF has proved me wrong . How grown men stay trolling their fellows all day long . Some can’t wait to see each other fail analysis setup trades etc. Another man’s failure don’t add nothing to your life Lol . I personally enjoy reading the comments here . Some are educative Regardless. @navk you are a polite man
  • #794,707
  • Dec 2, 2023 4:19am Dec 2, 2023 4:19am
Quoting DrDave
{quote} No idea. I don't pay much attention to news, so no interest in checking the time correlations.
Yeah, who needs to know about silly things like the news. Never makes a difference. The market never moves when a news event happens, nor changes direction, nor injects volatility. Nah.

Now, an MA cross mixed with RSI... oh baby, that's what causes economic shifts and where the money is MADE!

Fed shmed. Powell can lick my tech balls.

The last time I had to get cash out of an ATM it told me it was waiting for an Ichimoku cloud or something... stupid fucking thing. Give me my cash.
Congratulations ScalaFX for coming out of the closet!
  • #794,708
  • Dec 2, 2023 4:37am Dec 2, 2023 4:37am
Quoting nubcake
{quote} Yeah, who needs to know about silly things like the news. Never makes a difference. The market never moves when a news event happens, nor changes direction, nor injects volatility. Nah. Now, an MA cross mixed with RSI... oh baby, that's what causes economic shifts and where the money is MADE! Fed shmed. Powell can lick my tech balls. The last time I had to get cash out of an ATM it told me it was waiting for an Ichimoku cloud or something... stupid fucking thing. Give me my cash.
Now, an MA cross mixed with RSI... oh baby, that's what causes economic shifts and where the money is MADE!
  • #794,709
  • Edited 1:02pm Dec 2, 2023 5:56am | Edited 1:02pm
What happened / where we are:
* Thursday saw the Mthly candle (104% 6mth amr) close as a bullish thrust creating a consecutive HL @ 2038 on that t/f, after the pullback from it's 3142 H.
* Wkly candle ( 68% 13wk awr) too closed as (the 2nd consecutive) bullish thrust, and the 3rd bullish candle consecutively on that t/f. A LH @ 2337, HL @ 2069, and now what will be a H on that t/f @ the wk's hi 2732 or higher, when it forms fractally.
* Friday's Dly candle (112% 30day adr) closed as a bullish thrust engulfing of the previous 2 x candle bodies on that t/f. It's close creates the 6th consecutive HL @ 2603 ( after 3 consec HH's) The t/f remains in a classic uptrend.
* 4hr too remains in an uptrend, - a general uptrend, and it's last candle close was bullish.
-------------------------------------------------------------------------------------------------------
What's next?

** The Mtly candle close has already seen some upside follow-through with Friday's move up, and with the Wkly and Dly candles closing so bullishly near to their hi's, there is likely a good probability of more upside follow-through, at some point? As usual, scheduled event risks like U.s NFP this coming week, (and unscheduled,) may influence the near-term direction of price.

The prev 1hr/4hr/minor Dly sw hi zone = prev res = pot res that extends up to 2732, is partly coexistent with the prev 4hr/Dly sw hi zone that extends up to 2747. Price has already entered the wkly part of the prev 4hr/Dly/Wkly sw hi zone that extends up to 2800, and this would be the next 'major' potential res zone above the aforementioned ones to 2732, then 2747. Price at the close of the week closed in the 4hr and Dly parts of the prev 1hr/4hr/minor Dly sw hi zone that extends to 2732 - the Wkly hi. There is probably still a rising wedge on the Dly t/f?

NB: Look on any t/f over a representative sample (s) and see (per 3 candle fractal swing analysis) how many times you get 3 consecutive HH's and 6 consecutive HL's...not many - it's low in probability and points towards a greater probability of a L -or- a HL-LH-then a L, being created next (even after a 4th HH) than another HL that goes on to another HH. Caution: Just because the probability may be low for something happening - doesn't mean to say it won't. Anything can happen.

Dly below
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Trader with an Edge.
  • #794,710
  • Dec 2, 2023 6:10am Dec 2, 2023 6:10am
Hello Guys, for those trading Gold should know it's in a break out phase and possible destination is 2150. It may sound insane but the possibility is there... Shorting it can be extremely dangerous and buying it can also mean buying the top... Apply stop or stand aside till 21xx is seen which will come with very sharp and aggressive decline.

GU.... Always mad and erratic... Possible destination is 1.30 - 1.31 this December as far as price trades above 1.2550.
Data + Stat + Risk/Emotions Management
  • #794,711
  • Dec 2, 2023 6:23am Dec 2, 2023 6:23am
This is the best ever stupid statement I read ever in FF.
The technicals just represent what happened in the market.
The funda or manipulation drives the market.
It is because most of us do not know to analyse the market based funda, we, retailers use technicals to measure the short term movement.
Who will say pound is strongest currency against dollar?
Who will say uk is doing well compared to US?
Intraday only.
  • #794,712
  • Dec 2, 2023 6:30am Dec 2, 2023 6:30am
Quoting Oylux
lol I use to think only women couldn’t stand each other in real life and online but FF has proved me wrong . How grown men stay trolling their fellows all day long . Some can’t wait to see each other fail analysis setup trades etc. Another man’s failure don’t add nothing to your life Lol . I personally enjoy reading the comments here . Some are educative Regardless. @navk you are a polite man
Best ever message posted.
Not by a man. But by a woman.
Other man's s failure does not add to your success.
Golden words.
Hope the trollers read this and become mature.
It sends clean up message to this thread.
Mods not needed. This kind of punches enough to slap on faces of some
Intraday only.
  • #794,713
  • Dec 2, 2023 6:30am Dec 2, 2023 6:30am
Quoting navk
It is because most of us do not know
No need to be so modest.
Congratulations ScalaFX for coming out of the closet!
  • #794,714
  • Dec 2, 2023 6:33am Dec 2, 2023 6:33am
monthly chart clear downtrend, and i expect strong selling will start above 1.2900-1.3150
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trading is like dancing, don't think and just listen to the music!
  • #794,715
  • Dec 2, 2023 6:54am Dec 2, 2023 6:54am
I am polite because I have seen every thing in life.
All ups and downs.
Success and failures.
And now matured anough to be least bothered about trollers and egoists.
The ignore list in my profile will show who are trollers and egoists.
For long, I was not using button to anybody.
In the recent past, TWEE advised me to use ignore button and clean up button when need arises after reporting to him, which I am doing.
Intraday only.
  • #794,716
  • Dec 2, 2023 6:55am Dec 2, 2023 6:55am
Daily whispers: "North..."
But I think, the range 27200-28200 will blocked that wind
Hello everyone! Nice getting to know you!
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ynklink Return Today: na
  • #794,717
  • Dec 2, 2023 7:17am Dec 2, 2023 7:17am
Quoting navk
{quote} FXIFY
Thanks Navk, love this, signed for January challenge x 2
  • #794,718
  • Dec 2, 2023 7:18am Dec 2, 2023 7:18am
Quoting navk
I am polite because I have seen every thing in life. All ups and downs. Success and failures. And now matured anough to be least bothered about trollers and egoists. The ignore list in my profile will show who are trollers and egoists. For long, I was not using button to anybody. In the recent past, TWEE advised me to use ignore button and clean up button when need arises after reporting to him, which I am doing.
Respect. So many stalkers, noobs and trolls lately. Need to do some cleaning.
  • #794,719
  • Dec 2, 2023 7:22am Dec 2, 2023 7:22am
Quoting Jolita
{quote} Thanks Navk, love this, signed for January challenge x 2
you need to be very very very aggressive in this.
If you can make 150 % profit in 20 days, you can win.
Intraday only.
  • #794,720
  • Edited 7:41am Dec 2, 2023 7:24am | Edited 7:41am
EUR/GBP
it has been quite weak for the past few days, the bears dominated, but I see that I have to slowly look for pullback opportunities.
I mapped the D1 resistance levels and I see that it is worth thinking about long positions.
the scalp mode can be good.

I'll see.
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