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Cable Update (GBPUSD)

  • #839,621
  • Sep 26, 2024 6:29am Sep 26, 2024 6:29am
Quoting DailyChart
{quote} Told you already 30M - 1H after LO Open
yea...I dont think you understand the engulfing pattern.
Its all just one persons opinion
  • #839,622
  • Sep 26, 2024 6:29am Sep 26, 2024 6:29am
LO Earlier formed Down Trend but Price did not break down yet after Open & Consolidation ( Fake & Shake )
Now we must wait and watch how NY play IF Price still can't break it down @15M Before US Red News Release
  • #839,623
  • Sep 26, 2024 6:30am Sep 26, 2024 6:30am
Quoting axecap
{quote} yea...I dont think you understand the engulfing pattern.
And I think you don't know about market at all
  • #839,624
  • Sep 26, 2024 6:31am Sep 26, 2024 6:31am
...just hanging around for the data. 76.4% of that 3413 p/back hi y/day (before the big drop from there,) - y/day's lo move reached @ current dly hi. Price is again above last wk's 3340 hi,and the 2nd upside b/o of the Asian hi remains true so far.

1hr below
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Trader with an Edge.
  • #839,625
  • Sep 26, 2024 6:33am Sep 26, 2024 6:33am
Quoting axecap
{quote} yea...I dont think you understand the engulfing pattern.

Dailychart has been around for a while....
Don't Leave Money on the Table
  • #839,626
  • Sep 26, 2024 6:38am Sep 26, 2024 6:38am
GBPUSD - Sell

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #839,627
  • Sep 26, 2024 6:38am Sep 26, 2024 6:38am
Quoting HaLBot
{quote} Dailychart has been around for a while....
ok....but I dont get what hes trying to say...it doesnt make sense... If someone is looking at a daily chart for a swing trade trend reversal based on engulfing candle....then a 30m candle at the london open wont cut it.
Its all just one persons opinion
  • #839,628
  • Sep 26, 2024 6:41am Sep 26, 2024 6:41am
...speaking of that bearish engulfing on dly t/f y/day...anyone entering @ it's close and looking for a 1:2 risk:reward with stop above it, will need to see price reach 3069, and on a 1:1 R:R 3189.
Trader with an Edge.
  • #839,629
  • Sep 26, 2024 6:41am Sep 26, 2024 6:41am
Quoting axecap
{quote} ok....but I dont get what hes trying to say...it doesnt make sense... If someone is looking at a daily chart for a swing trade trend reversal based on engulfing candle....then a 30m candle at the london open wont cut it.

Yes I see your point but isn't Daily saying after 30 minutes to one hour after LO you take a trade and can be very profitable going by his own experience? Doesn't always happen but if your patient will be successful.
Maybe I'm missing something but that's what I thought he said

Or was he just talking about this LO and not every LO?
Don't Leave Money on the Table
  • #839,630
  • Sep 26, 2024 6:43am Sep 26, 2024 6:43am
Quoting Alorente
{quote} You are right in everything you say, but I believe the trade is solid based on many other factors aside from the engulfing candle. That was just the icing on the cake for me. If I am wrong, I take my loss and move on. No big deal...
you're not have a decent conversation with headland about candles
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #839,631
  • Sep 26, 2024 6:46am Sep 26, 2024 6:46am
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yes yes yes
  • #839,632
  • Sep 26, 2024 6:47am Sep 26, 2024 6:47am
Quoting HaLBot
{quote} Yes I see your point but isn't Daily saying after 30 minutes to one hour after LO you take a trade and can be very profitable going by his own experience? Doesn't always happen but if your patient will be successful. Maybe I'm missing something but that's what I thought he said Or was he just talking about this LO and not every LO?

I have no argument with what you have just quoted in isolation, but you need to go back to his first comment in response to a discussion regarding GU Daily engulfing pattren being reliable.
This was his comment. i asked what time frame

Quoting DailyChart
{quote} The True & only engulfing pattern that work one is formed @LO Open
Its all just one persons opinion
  • #839,633
  • Sep 26, 2024 6:47am Sep 26, 2024 6:47am
Quoting HaLBot
{quote} Yes I see your point but isn't Daily saying after 30 minutes to one hour after LO you take a trade and can be very profitable going by his own experience? Doesn't always happen but if your patient will be successful. Maybe I'm missing something but that's what I thought he said Or was he just talking about this LO and not every LO?
I don't need to him understand
I don't care about that
I am only need made money everyday week and month
  • #839,634
  • Sep 26, 2024 6:48am Sep 26, 2024 6:48am
Quoting meugampong
where are you man @Waveskierrob vs @Wavegarrick need some meme and your jokes pal.. .. sleepy.. zzzzzz
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...don't know where Leon's gone ...
  • #839,635
  • Sep 26, 2024 6:48am Sep 26, 2024 6:48am
Quoting Bones
{quote} you're not have a decent conversation with headland about candles
Hi. The candle is incidental, the point I am making is about the value of large sample representative empirical evidence -vs- anecdotal/observational evidence, and how making a decision based on the later is invariably less reliable over any forward sample.
Trader with an Edge.
  • #839,636
  • Sep 26, 2024 6:51am Sep 26, 2024 6:51am
Quoting axecap
{quote} I have no argument with what you have just quoted in isolation, but you need to go back to his first comment in response to a discussion regarding GU Daily engulfing pattren being reliable. This was his comment. i asked what time frame Quoting DailyChart {quote} The True & only engulfing pattern that work one is formed @LO Open
Think you'll need to back test Dailycharts theory to see if it works
Don't Leave Money on the Table
  • #839,637
  • Sep 26, 2024 6:55am Sep 26, 2024 6:55am
Quoting ricmaj
{quote} What price is your tp for the day.
13450 but as always will be looking to take it early if I see exhaustion..

on the SL side I will look to cut my losses around 13340 ish
Insane in the Brain..
  • #839,638
  • Sep 26, 2024 6:59am Sep 26, 2024 6:59am
Quoting Waveskierrob
{quote} {image} ...don't know where Leon's gone ...
you melted my heart
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  • #839,639
  • Sep 26, 2024 7:07am Sep 26, 2024 7:07am
Quoting Headland
{quote} Hi. The candle is incidental, the point I am making is about the value of large sample representative empirical evidence -vs- anecdotal/observational evidence, and how making a decision based on the later is invariably less reliable over any forward sample.
It is about the candle because people have to consider the situ at hand, unlike what you're saying about fixed perimeters. Im not arguing either way.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #839,640
  • Edited 7:21am Sep 26, 2024 7:10am | Edited 7:21am
Quoting HaLBot
{quote} Think you'll need to back test Dailycharts theory to see if it works
Identify the trend @daily and H4
Then watch how the candle play in the first 30M - 1H @LO Open ( engulfing pattern )
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