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Cable Update (GBPUSD)

  • #806,841
  • Feb 1, 2024 9:00pm Feb 1, 2024 9:00pm
Bought some gold to test yesterday highs.. lets see sl anything below 2050
Extreme gut feeling trader
  • #806,842
  • Feb 1, 2024 11:31pm Feb 1, 2024 11:31pm
Quoting montygoldy
Bought some gold to test yesterday highs.. lets see sl anything below 2050
The jdehorty machine learning and nadaraya watson rational quadratic kernel combo of indicators makes an awesome combo for verifying short term trends in gold. The volatility of gold has discouraged me from trading it. With the right settings the slope and spread between these two curves appears to be pretty reliable. Had to tweek the settings a bit as well as ignore the candle colors and arrows. Use the trade stats to get the slope of the machine learning kernel optimized.


Edit: Here is the run up yesterday.
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  • #806,843
  • Feb 1, 2024 11:45pm Feb 1, 2024 11:45pm
Quoting montygoldy
Bought some gold to test yesterday highs.. lets see sl anything below 2050
risk free position…
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Extreme gut feeling trader
  • #806,844
  • Feb 1, 2024 11:48pm Feb 1, 2024 11:48pm
Quoting dantpm
{quote} The jdehorty machine learning and nadaraya watson rational quadratic kernel combo of indicators makes an awesome combo for verifying short term trends in gold. The volatility of gold has discouraged me from trading it. With the right settings the slope and spread between these two curves appears to be pretty reliable. Had to tweek the settings a bit as well as ignore the candle colors and arrows. Use the trade stats to get the slope of the machine learning kernel optimized. Edit: Here is...
my days of using, looking for holy grail indicators and depending on them is way gone…. My strategy for gold… check the yesterday daily candle then check weekly, monthly for direction and then on daily entry from resistance and support or if it close to ma200 thats it … the moment trade goes in my direction stoploss at breakeven coz gold can go against at any instant…
Extreme gut feeling trader
  • #806,845
  • Feb 2, 2024 12:09am Feb 2, 2024 12:09am
selling till the breakout;-)
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trading is like dancing, don't think and just listen to the music!
  • #806,846
  • Feb 2, 2024 12:11am Feb 2, 2024 12:11am
Quoting montygoldy
{quote} risk free position… {image}
daily candle turned green huge potential upside atleast test yesterday high
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Extreme gut feeling trader
  • #806,847
  • Feb 2, 2024 12:16am Feb 2, 2024 12:16am
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yes yes yes
  • #806,848
  • Feb 2, 2024 12:20am Feb 2, 2024 12:20am
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yes yes yes
  • #806,849
  • Feb 2, 2024 12:36am Feb 2, 2024 12:36am
Not going down, not going up.
Asians took holiday or what?
Intraday only.
  • #806,850
  • Feb 2, 2024 12:36am Feb 2, 2024 12:36am
Gbpusd is showing strong signs of bullish continuation, since the Asian session couldn't bring it down; which is quite unusual.
  • #806,851
  • Edited 12:57am Feb 2, 2024 12:40am | Edited 12:57am
Again play extreme, now daily close above 2706, so top 2781, previous top and a new top all possible in a last leg up scnerios! In smaller tf, breakout now may 2740, while signal 2727 for further low , watch level 2685.. If again to crazy then 2727 fakeout likely for further up next, avoiding test 2685 it 2706 even. Lets see take care
Anyway to check usdx, what happening lately.
Usdx correcting mode, but not still signal for bear leg yet, may do more tiwards 101.60 or even low if go bear next.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #806,852
  • Feb 2, 2024 12:54am Feb 2, 2024 12:54am
im short gold with average 2054 and GU at 2745 from earlier today

GU tp is 2700 and gold 1st tp is 2044 and 2nd is 2034

goin to sleep
short trump and go long the deepstate
  • #806,853
  • Feb 2, 2024 12:57am Feb 2, 2024 12:57am
Quoting montygoldy
{quote} daily candle turned green huge potential upside atleast test yesterday high {image}
positive sl hit
Extreme gut feeling trader
  • #806,854
  • Feb 2, 2024 12:59am Feb 2, 2024 12:59am
Okkk. I’m taking a short

edit, ohh. I took short
#Stay blue. /swinger/scalper/
  • #806,855
  • Feb 2, 2024 1:00am Feb 2, 2024 1:00am
This can also just range until NFP..
  • #806,856
  • Feb 2, 2024 1:06am Feb 2, 2024 1:06am
DXY

Filled OB vs Missing OB

Personal opinion. Missed something. Lower Low?? Discount??
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Look right, we'll see the signs
  • #806,857
  • Feb 2, 2024 1:20am Feb 2, 2024 1:20am
As per my view will buy if price down to 1.2685. if it breaks upside will sell @ 1.2801 or 1.2875 with price action. If it passes all levels then next potential price to sell is 1.3035
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Read the chart... Fundies are catalyst...
  • #806,858
  • Feb 2, 2024 1:23am Feb 2, 2024 1:23am
Quoting azhantahir
GBPUSD missing OB Possibility is there IMO {image}
Updated GBPUSD

Missing OB vs Filled OB vs Break OB
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Look right, we'll see the signs
  • #806,859
  • Feb 2, 2024 1:32am Feb 2, 2024 1:32am
Quoting dantpm
This can also just range until NFP..
and possibly the market is satisfied with yesterday’s downs and ups for awhile
  • #806,860
  • Feb 2, 2024 1:32am Feb 2, 2024 1:32am
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TP - 1.26800

Might add further entries above the gold zone to short
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