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Cable Update (GBPUSD)

  • #805,561
  • Jan 28, 2024 12:59am Jan 28, 2024 12:59am
Quoting navk
{quote} Thanks for PDF on FVG. It is great.
Anything else you need let me know. if i dont have it you aint gonna need it
  • #805,562
  • Jan 28, 2024 2:02am Jan 28, 2024 2:02am
Refreshed charts setup.
will keep the h1 chart.

on a separated pane will have the m1 to use when need of additional or late entries.

when required, will check of course the higher timeframes but I don’t really need them other than having a larger view on what is happening. I mostly use the monthly btw.

I will try to use a reversed color on charts. The rising candle will be red. The falling candle will be green.
this is simply possible on desk platforms, while on tablet this is somehow complicated…

don’t really understand why developers are not developing mobile platforms to improve them to be at least as good as desk platforms.
actually, my tablet is far more powerfull than my desk. Even my phone btw,….

maybe few people are using mobile devices to trade?! For what I see lately in the forum pretty a lot of people are posting from mobile devices…. This will be a mistery (as always).

will have to sell this tablet and go for a surface.
90% of traders use TA, indicators and prediction
  • #805,563
  • Jan 28, 2024 2:09am Jan 28, 2024 2:09am
I forgot 1 point

i will screw diagonal lines. They don’t help my trade decision.
will use Emas only on fast tfs maybe but I will probably hide also there soon.
so overall, the less diagonals I have, the better I feel.
its just personal perception of course.
90% of traders use TA, indicators and prediction
  • #805,564
  • Jan 28, 2024 3:43am Jan 28, 2024 3:43am
This week is known as BIG bear week...........................nah sorry just made that up but I can hope ...
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  • #805,565
  • Jan 28, 2024 3:51am Jan 28, 2024 3:51am
Thursday big calendar big moves.
Personally I don’t see reasons why uk would keep higher interest rates.
or better, maybe they are not gonna change this week, but should be confirmed a vote up on rates cut.

the big question here is:

let’s say they decide to increase consensus for a rate cut, can we consider it as bearish for the gbp?
I don’t think so. Maybe an impulsive move but then market could get a strong punch upward to finally reach those 2860, 2920, 3070 etc levels.

im not an economist, sharing what I think in the hope to meet other people insights
90% of traders use TA, indicators and prediction
  • #805,566
  • Jan 28, 2024 3:56am Jan 28, 2024 3:56am
What a calendar.
i didn’t remember about Tuesday, Wednesday, and Friday.

90% of traders use TA, indicators and prediction
  • #805,567
  • Edited 4:40am Jan 28, 2024 4:16am | Edited 4:40am
...an interesting chart posted by BBKing late last week that may have been missed was the 4Hr. It is replicated below on my own charts. The grey shaded areas show the extremes of the 'main body' of this t/f's recent range, and the white circled areas could be considered to be false breaks of it. The pattern that seems to have repeated is the downside break of the ascending trend-lines and the test of the lower shaded area (support) ...this has happened again on the latest one, but there has been no test of the grey shaded area so far. Will this pattern repeat? It's a plausible scenario, amongst others. Interestingly price closed mid-range again this week just gone. This range is gonna break @ some point - isn't it? Lol.

Some traders here may have taken a mid-longer term view of the future direction of price over these time horizons based on some fundie analysis, (Zebi and others' 'strong $' stance for eg,) but from 4hr to Wkly, - technically I am not sure there is anything that gives us much of a clue currently, which way this 4hr/dly range will break? Others may have a different view based on their own analysis.

4hr below
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Trader with an Edge.
  • #805,568
  • Jan 28, 2024 4:23am Jan 28, 2024 4:23am
Quoting Waveskierrob
This week is known as BIG bear week...........................nah sorry just made that up but I can hope ... {image}
yeah! Im in but.. I will be copying this week nubdick signals becouse he is the best and I know I will make money with him sorry guys
People don't plan to lose. They lose because they don't plan.
  • #805,569
  • Jan 28, 2024 4:36am Jan 28, 2024 4:36am
one day it will leave its cage and then there will be a proper trend movement;-)
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trading is like dancing, don't think and just listen to the music!
  • #805,570
  • Jan 28, 2024 4:46am Jan 28, 2024 4:46am
GBP/NZD
out of all the gbp pairs, I see a possibility of correction in this pair assuming movement in a southerly direction. Of course, the extent of this movement cannot be known, but it can be filtered with good SETTINGS.
D1.
  • #805,571
  • Jan 28, 2024 4:50am Jan 28, 2024 4:50am
Let’s go for killer weekly candle
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up to close a bullish monthly then down to fuck it up, then up again just for the taste to kill all bears
LOL

just playing with charts
90% of traders use TA, indicators and prediction
  • #805,572
  • Jan 28, 2024 4:57am Jan 28, 2024 4:57am
Quoting birdland
one day it will leave its cage and then there will be a proper trend movement;-) {image}
My target for shorts till 2770 is not cracked
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People don't plan to lose. They lose because they don't plan.
  • #805,573
  • Jan 28, 2024 5:03am Jan 28, 2024 5:03am
Quoting Headland
...an interesting chart posted by BBKing late last week that may have been missed was the 4Hr. It is replicated below on my own charts. The grey shaded areas show the extremes of the 'main body' of this t/f's recent range, and the white circled areas could be considered to be false breaks of it. The pattern that seems to have repeated is the downside break of the ascending trend-lines and the test of the lower shaded area (support) ...this has happened again on the latest one, but there has been no test of the grey shaded area so far. Will this...

btw, I was posting in reply to patchiko’s post
Quoting Pat Chiko
{quote} GU and this is on LTF for scalping. Any constructive comment and view welcome. Let go BULL....... Thanks in advannce CHIKO {image} P/S Nothing recorded here is in anyway a financial advice - This is my technical analysis for this pair.
90% of traders use TA, indicators and prediction
  • #805,574
  • Jan 28, 2024 5:11am Jan 28, 2024 5:11am
Quoting _BBKing_
Let’s go for killer weekly candle{image} up to close a bullish monthly then down to fuck it up, then up again just for the taste to kill all bears LOL just playing with charts

Yes indecision candle with the sell wick a little bit longer than the buy so slightly skewed to sellers, my opinion is there is more movement upside this coming week but that's just my opinion lol.....
Need to break 2780 to go higher though
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Don't Leave Money on the Table
  • #805,575
  • Jan 28, 2024 5:13am Jan 28, 2024 5:13am
Quoting _BBKing_
I forgot 1 point i will screw diagonal lines. They don’t help my trade decision. will use Emas only on fast tfs maybe but I will probably hide also there soon. so overall, the less diagonals I have, the better I feel. its just personal perception of course.
I recommend that you study the different MOving AVERAGE settings and try to look at the chart in a different way.
if you are interested in the DELTA approach.
  • #805,576
  • Jan 28, 2024 5:39am Jan 28, 2024 5:39am
I use a moving average in the delta approach, so I am not limited by external data.
the chart has everything you need.
I think many people think this is unimaginable, but everything you need is there, you just have to interpret things differently.
  • #805,577
  • Jan 28, 2024 7:01am Jan 28, 2024 7:01am
My view for dollar and GBPUSD.
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  • #805,578
  • Jan 28, 2024 8:05am Jan 28, 2024 8:05am
Hi. My analysis. i see a trading range of 1.2573-1.2815 this week. I expect both to hit , just a question of which one first.

watch 1.2650 as an intraday bounce area. thats more like 1.2630 on spot i think.

extremes wont hit until the big prints (FOMC, NFP etc)
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  • #805,579
  • Jan 28, 2024 8:46am Jan 28, 2024 8:46am
Quoting tiborf71
I use a moving average in the delta approach, so I am not limited by external data. the chart has everything you need. I think many people think this is unimaginable, but everything you need is there, you just have to interpret things differently.
well,
I started my trading experience with Moving Averages. Then after some years I did not use them anymore.
Lately, looking for something additional to filter entries, I started using them again in faster timeframes.

The real problem about moving averages is that they , same as all indicators, tells you what happened until that moment, but they don't tell you wher is better enter or exit a trade. And when they do, that's because, by chance, the line comes closed to important S/R levels. So I came to a simple conclusion:

1. I need them to help me while on faster timeframes to recognise quickly where's main direction suppposed to be going and eventually, if I see price near the correct S/R + coincidence with MA then the trade has more % to be correct.
2. I don't need them to decide a trade. I mean, first thing first I need to find where are key levels, then MA comes in 2nd or even 3rd ranking in deciding a trade.

In summary... on a 1-10 scale priority, MAs have a full 6 when on faster TFs, scaling down for a shy 2/4 when on higher TFs (m30/h1/h4)

Indeed, their best application is on trend markets so it's easier to find a m1 uptrend even during an h1 / h4 range trend (just like we have in cable lately) while the slower the trend, the less you will have a clean trend.
90% of traders use TA, indicators and prediction
  • #805,580
  • Jan 28, 2024 9:14am Jan 28, 2024 9:14am
Quoting _BBKing_
{quote} well, I started my trading experience with Moving Averages. Then after some years I did not use them anymore. Lately, looking for something additional to filter entries, I started using them again in faster timeframes. The real problem about moving averages is that they , same as all indicators, tells you what happened until that moment, but they don't tell you wher is better enter or exit a trade. And when they do, that's because, by chance, the line comes closed to important S/R levels. So I came to a simple conclusion: 1. I need them...
All Indicators say what happened. But ... unlike other indicators... moving averages say the trend will continue for that session, for example friday NY session.
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Intraday only.
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