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Cable Update (GBPUSD)

  • #813,241
  • Mar 2, 2024 4:54am Mar 2, 2024 4:54am
* The Mthly candle closed this week just ended, - a sub 6mth amr (67%) bearish-bodied doji-esq candle, the 2nd consecutively on this t/f. H, HL, and LH are the last 3 x fractal prints on this t/f which could be said to be rangy? Fri's 2600 lo was @/about the asc t/line that joins 0327 with 2069 on this t/f.
* The Wkly candle closed in a similar way to the Mthly, again a sub 13wk awr bearish-bodied candle. The t/f is in a tight multi-month range/consolidation between 2500-2828.
* Friday's Dly candle closed as a bullish engulfing after the U.s data reaction inspired recovery off a 2600 dly lo. The t/f like the Wkly described above is in a multi-month range between 2500-2828, and before the H @ 2710 recorded 2 x HL's, within this overall range. Fri's close fell just short of the 2664 midpoint of this range, but price within it is currently and probably looking more bullish than bearish?
* The 4Hr t/f broke the asc channel structure to the downside earlier in the week, and price remains outside of it, having rallied off y/day's 2600 lo. The t/f is probably rangy right now, more than anything, with a more bullish than bearish tone as of Friday's close?

Mthly, Wkly, Dly, and 4Hr below
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Trader with an Edge.
  • #813,242
  • Mar 2, 2024 4:55am Mar 2, 2024 4:55am
Quoting nubcake
{quote} This little back and forth all comes down to the fact that some of you don't follow sarcasm very well (i.e. at all). JFC, let me spell it out for you so you can shut the fuck up about it and move on already: DrDave said that ninner had posted a chart for every trade ninner has ever taken. Now, think REAL FUCKING HARD if you've seen any trade charts from ninner, as you keep claiming you haven't seen any trade charts. Keep thinking... maybe it'll click. THAT'S RIGHT BIG BRAINS, the implication being that there have BEEN NO CHARTS because there...
So where are these trades that everyone is going on about...
  • #813,243
  • Edited 7:11am Mar 2, 2024 5:00am | Edited 7:11am
Quoting HaLBot
..... No one truly knows where the markets heading and find it both amusing and childish the people who are so set on saying they are right and others wrong {image}
Hi. It's a theme we visit often in this thread. There are those that from a fundamental/global macro analysis (howsoever thorough) have formed a view about the likely future overall direction of price, over whatsoever future time horizon, but from a technical point of view all we can do is look to the left of the current prevailing price, and our edge's sometimes give us the probability of what may be to come, (over whatsoever future time horizon,) whether or not that probability (for a fundie or tech trade,) plays out on that particular occasion or not. Some traders don't understand this, or at least refuse to accept it. They prefer instead the 'certainty/comfort' of prediction lol! I know which ones are more likely to be profitable over the medium to longer-term.

Quoting Zebi
{quote} bonzey ...i know your still smarting over your defeat with the weekly 3 black crows LOL in september....you were so proud of that discovery and announced it to the room until i said quite innocentley that those 3 crows are late and that most likely signal a boolish reversal....which is what happened...your anticipated 1000 pip decline didnt happen and price ranged in october and reversed to where it is now LOL i know your trying to salvage some shred of dignity for yourself by continuing to lie about me LOL we both know you meant NO to my...

Hi. I always understood 3 black crows or their opposite 3 white soldiers are highest in probability when they occur at a turning point, ie when the 1st of those candles is exactly @ the turning point, but I could be wrong about this. Re Bones's 3 black crows call, - well the close of the 3rd candle was 2237 and the resultant down move achieved a lo of 2038 before the turn up to (eventually) 2828, so it was a +201 pip correct call, and probably at worst a B/E result, as far as I can tell. Even if you had put your stop above the hi of the 3rd candle in the formation, it was still a 1:1 R:R achieved at best. Anyways, it's in the past.

Zebi's chart below
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Trader with an Edge.
  • #813,244
  • Mar 2, 2024 5:21am Mar 2, 2024 5:21am
Quoting HaLBot
Cable on monthly looks to me to be forming a bullish continuation flag targetting 1.3150.....could be wrong about that No one truly knows where the markets heading and find it both amusing and childish the people who are so set on saying they are right and others wrong {image}
1.315 - 1.32 is MN target, yeah, but whether the price will go up or not we don't know yet.
  • #813,245
  • Mar 2, 2024 5:28am Mar 2, 2024 5:28am
Quoting Waveskierrob
{quote} Why's that Whale...
For your health
  • #813,246
  • Edited 5:49am Mar 2, 2024 5:32am | Edited 5:49am
Quoting Headland
* The Mthly candle closed this week just ended, - a sub 6mth amr (67%) bearish-bodied doji-esq candle, the 2nd consecutively on this t/f. H, HL, and LH are the last 3 x fractal prints on this t/f which could be said to be rangy? Fri's 2600 lo was @/about the asc t/line that joins 0327 with 2069 on this t/f. * The Wkly candle closed in a similar way to the Mthly, again a sub 13wk awr bearish-bodied candle. The t/f is in a tight multi-month range/consolidation between 2500-2828. * Friday's Dly candle closed as a bullish engulfing after the U.s data...
As much as the charts show trends and patterns, there is a REALLY BIG ELEPHANT that has ENTERED the room! Federal elections in many countries are a part of it, the US saber rattling with a possible (direct and indirect) Russia / China war and the associated spending, increasing the money supply to deal with election promises and the war commitments while attempting to perpetuate that myth that there is some kind of 2% inflation in place that preserves the value of all of the currencies are all components of this elephant. To some degree since all the currencies in the DXY are doing pretty much the same thing it might all be a non issue but each country has its own take on the above which simply creates a new dynamic in the background.
My plan.
I will 'listen' to those with interpretations that make sense, look for evidence that supports their interpretations, supported as time unfolds and attempt to make trading decisions that appear to follow clear trends that are supported by interpretations that make some sense to me.
  • #813,247
  • Mar 2, 2024 5:40am Mar 2, 2024 5:40am
Quoting Whale
{quote} For your health
Ok thanks...
  • #813,248
  • Mar 2, 2024 6:15am Mar 2, 2024 6:15am
Quoting Whale
{quote} For your health
Take a deep breath Whale. With 1200 of your fellow civilians, raped, slaughtered and taken hostage by the Hamas savages, I understand your rage. But lashing out here won't help . Cheers mate
  • #813,249
  • Mar 2, 2024 6:42am Mar 2, 2024 6:42am
Quoting ScalaFX
{quote} hard is reading you dumb fuck! Every post you write is even more bottomless than you, please do us a favoure and revoke you membership
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Sorry, man, but you got it wrong. It is every post EXCEPT that last one. That one is spot on!
To free Gazans of Hamas, use whatever it takes.
  • #813,250
  • Mar 2, 2024 6:44am Mar 2, 2024 6:44am
Quoting Waveskierrob
{quote} So where are these trades that everyone is going on about...
Man, are you playing stupid, or is this just your natural state?
To free Gazans of Hamas, use whatever it takes.
  • #813,251
  • Mar 2, 2024 6:48am Mar 2, 2024 6:48am
Quoting Whale
{quote} For your health
A lot of people in this forum weren't raised in an environment where good hygiene is practiced, and then failed to catch on to it in adult life. So good hygiene and healthy habits are foreign to them.
To free Gazans of Hamas, use whatever it takes.
  • #813,252
  • Mar 2, 2024 7:00am Mar 2, 2024 7:00am
Quoting DrDave
{quote} Man, are you playing stupid, or is this just your natural state?
Both....but still doesn't solve the problem of the missing trades...
  • #813,253
  • Mar 2, 2024 7:00am Mar 2, 2024 7:00am
Another temporary suspension... this time we got a big fish caught, Whale himself. Big fish, you understand? No? Whatever...
  • #813,254
  • Mar 2, 2024 7:02am Mar 2, 2024 7:02am
Quoting DrDave
{quote} A lot of people in this forum weren't raised in an environment where good hygiene is practiced, and then failed to catch on to it in adult life. So good hygiene and healthy habits are foreign to them.
What is "hygiene" please ?
  • #813,255
  • Mar 2, 2024 7:14am Mar 2, 2024 7:14am
I don't know how Whale will react to this suspension. I think it would be best for the person that suspended him to remain... in the shadow. Savvy?
  • #813,256
  • Mar 2, 2024 7:26am Mar 2, 2024 7:26am
Quoting Whatevs
I don't know how Whale will react to this suspension. I think it would be best for the person that suspended him to remain... in the shadow. Savvy?
Defo not me this time i can sense that nubcake and his friends are getting ready to pick me as the scapegoat
You have to have an IQ higher than 90 to interact with this user.
  • #813,257
  • Mar 2, 2024 7:55am Mar 2, 2024 7:55am
Quoting Nordling
{quote} Defo not me this time i can sense that nubcake and his friends are getting ready to pick me as the scapegoat
nubcrack needs to get his mind right....hes the biggest troll in here so out of everybody hes the only one that deserves suspensions LOL...

id hate to see him banned because hes a good contrarian indicator and id miss him for that reason LOL

once he'd get his mind right maybe hed even make a trading related post....sometimes cool people need a beating so they dont back sass LOL

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short trump and go long the deepstate
  • #813,258
  • Edited 8:19am Mar 2, 2024 8:06am | Edited 8:19am
I looked once again daily chat . it started up 16.02 without bottom(on Chart channel) 1.24740. This is is mystery. Usually it goes top and bottom,of course it can be 1.24-124300. But 1.24740 this is channel. i think in some place it change direction this place can before going up to 1.28450 and more. i think first should be 1.24740 before 1.30.
H4 only imho.1.26 from here Gu start to rise. Gold 2080 ,and GU will go up after gold.
  • #813,259
  • Mar 2, 2024 8:07am Mar 2, 2024 8:07am
Quoting trumps
{quote} Nevermind, found your response here.
That's not the response, the discussion started the day before, then the day after, that's my response to dim-wittery the day after that.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #813,260
  • Edited 9:01am Mar 2, 2024 8:18am | Edited 9:01am
Quoting Headland
{quote} Hi. It's a theme we visit often in this thread. There are those that from a fundamental/global macro analysis (howsoever thorough) have formed a view about the likely future overall direction of price, over whatsoever future time horizon, but from a technical point of view all we can do is look to the left of the current prevailing price, and our edge's sometimes give us the probability of what may be to come, (over whatsoever future time horizon,) whether or not that probability (for a fundie or tech trade,) plays out on that particular...
i regret ever having tried warning bonzey his 3 black crows showed up too late and too close to support in the weekly down trend and will be bullish ....instead of accepting my advice with good grace he took affront and has kept trying to fight with me and twist my calls and lie about my trades since then LOL

when i first came to this room permanently from the gold thread i dont think anyone especially bonzey knew of or seen a contrarian trader in person so they started fighting with me cause they didnt understand how i traded LOL

i even posted a link to a site that explained in more detail why 3 black crows at support are bullish than i wanted to since i type with just one finger and dont use typing apps like everybody else so didnt want to waste too much time educating bonzey and others LOL....its better if ones enemies remain ignorant

https://www.tradingwithrayner.com/th...s-candlestick/

i hope beginners clicked that link and read that article so they wont blindly follow dipshit bonzeys calls or any other red diamond that just offers conventional wisdom cause theyll end up part of the 95% losers


so now i dont offer help unless asked so i dont get anymore dummies heckling me but they still come at me like coreq2004 with his ewave
short trump and go long the deepstate
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