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Cable Update (GBPUSD)

  • #810,541
  • Edited 5:32am Feb 20, 2024 5:17am | Edited 5:32am
...Nice!.....I've shown enough of the exp tri eg's both before they played out and after, in this thread, not to have had to mention the one on 1min @ current dly hi - pt.5

The cyan-coloured line is the previous day's hi and lo....look when you get a whole reversal candle closing outside the 'bands' the prev dly hi and lo they create. There are plenty of ways to get an edge...spot a repeating pattern, back-test it over a representative sample on your t/f (s) of choice, then forward-test it over the same, forward-test it again over the same sample and if it holds up, you might have found an edge. Optimize your risk, trade management and personal risk tolerance [so as not to de-stabilise yourself if get a loss (s)] to it's win rate, and bingo! -you might have a ball game.

dly below
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Trader with an Edge.
  • #810,542
  • Feb 20, 2024 5:20am Feb 20, 2024 5:20am
Quoting Moty
short gold will add at 2032 area {image} {image}
what cause gold drop like that??? The first time?
  • #810,543
  • Feb 20, 2024 5:23am Feb 20, 2024 5:23am
nice drop cable..my sell pending are waiting 2590
dont teach me how to buy. im sellers!!
  • #810,544
  • Feb 20, 2024 5:27am Feb 20, 2024 5:27am
... updated. So, 1st upside b/o of Asian hi was false to 30min (so far.)

1hr below
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Trader with an Edge.
  • #810,545
  • Feb 20, 2024 5:30am Feb 20, 2024 5:30am
Quoting Luxyus
LSPY on TF H1 touched i m in with some shorts
what a beauty
chaos is just unknown order
  • #810,546
  • Feb 20, 2024 5:33am Feb 20, 2024 5:33am
Wooah that’s some drop
Insane in the Brain..
  • #810,547
  • Feb 20, 2024 5:34am Feb 20, 2024 5:34am
Quoting TraderFX.Id
nice drop cable..my sell pending are waiting 2590
now wait..just small size
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dont teach me how to buy. im sellers!!
  • #810,548
  • Feb 20, 2024 5:35am Feb 20, 2024 5:35am
Quoting _BBKing_
I’m short Maybe I got it right or not {image}
enlarged Sl a bit I noticed good resistance 2614
missed my sl

holding for a while this short maybe will go lower
90% of traders use TA, indicators and prediction
  • #810,549
  • Feb 20, 2024 5:39am Feb 20, 2024 5:39am
targeting 1.2562 (monthly MA10)
chaos is just unknown order
  • #810,550
  • Feb 20, 2024 5:41am Feb 20, 2024 5:41am
Quoting _BBKing_
{quote} enlarged Sl a bit I noticed good resistance 2614 missed my sl holding for a while this short maybe will go lower
Hi, what did you have there re '.. noticed good res..' in your post? I had that prev 1hr minor sw lo zone = pot sbr that price just popped it's head above, but that's all. Thanks.

EDIT: added 1hr below
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Trader with an Edge.
  • #810,551
  • Feb 20, 2024 5:52am Feb 20, 2024 5:52am
CAD/JPY 112 today?
Let's see how much can the toilet paper resist CAD.

Japan's intervention is inevitable and will be the best trade one can make in my opinion in this liquidity forsaken times.
  • #810,552
  • Feb 20, 2024 5:58am Feb 20, 2024 5:58am
long us30
  • #810,553
  • Feb 20, 2024 5:58am Feb 20, 2024 5:58am
Took short eu
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yes yes yes
  • #810,554
  • Feb 20, 2024 5:59am Feb 20, 2024 5:59am
Quoting Whatevs
CAD/JPY 112 today? Let's see how much can the toilet paper resist CAD. Japan's intervention is inevitable and will be the best trade one can make in my opinion in this liquidity forsaken times.
however, inevitable does not mean predictable
  • #810,555
  • Feb 20, 2024 5:59am Feb 20, 2024 5:59am
...1hr's gonna close v.bearish in a few secs ?

1hr below
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Trader with an Edge.
  • #810,556
  • Feb 20, 2024 6:04am Feb 20, 2024 6:04am
Quoting danloprod
long us30
good job i added more with the wild moves … average at 38500… targetting tp1 38650 tp2 38740
Low of the day is my sl
waiting for current 4h to flip green then it’ll smooth ride upside
Extreme gut feeling trader
  • #810,557
  • Feb 20, 2024 6:07am Feb 20, 2024 6:07am
Opened a dow long, it tends to correlate with GU:
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You have to have an IQ higher than 90 to interact with this user.
  • #810,558
  • Feb 20, 2024 6:13am Feb 20, 2024 6:13am
Quoting billGU
{quote} however, inevitable does not mean predictable
True! However, one only needs to pay attention to USD/JPY exchange rate. When USD/JPY breaks the highs at 152, then I'd prepare for very possible intervention by Japan.
  • #810,559
  • Feb 20, 2024 6:19am Feb 20, 2024 6:19am
Quoting Headland
{quote} Hi, what did you have there re '.. noticed good res..' in your post? I had that prev 1hr minor sw lo zone = pot sbr that price just popped it's head above, but that's all. Thanks. EDIT: added 1hr below {image}
hey
i read chart through volume profile
the poc of the recent move down

i set sl right above it.

if goes up and brakes that structure, will use that prev high as support entry long
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90% of traders use TA, indicators and prediction
  • #810,560
  • Feb 20, 2024 6:19am Feb 20, 2024 6:19am
Quoting Whatevs
{quote} True! However, one only needs to pay attention to USD/JPY exchange rate. When USD/JPY breaks the highs at 152, then I'd prepare for very possible intervention by Japan.
Hi...interesting. BOJ are generally the most interventionist of the main central banks, and they can do it 'blind,' (ie without pre-notification to the markets.) We'll see if your prophecy comes true if USDJPY reaches there.
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