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Cable Update (GBPUSD)

  • #848,881
  • Dec 17, 2024 4:44am Dec 17, 2024 4:44am
Quoting ThaoAnh
{quote} {image}
Inserted Video


welcome
  • #848,882
  • Dec 17, 2024 4:48am Dec 17, 2024 4:48am
Quoting Alorente
{quote} Yes. The fundamentals of the UK economy are terrible compared to the US. That is the main reason I am looking for a lower GBPUSD. GDP growth is near 0% in the UK while US GDP is estimated at over 2% for 2025.
I agree with your deductions. There is no way UK can have a positive rate differential over the US. This means weakness of GBP against the US$ going forward. The strength or weakness against other currencies is a different matter though. EurGbp is 'tanking' because GBP is outperforming at the moment. Talk about the blind leading the blind...
If you think you can or cannot do it you are correct
  • #848,883
  • Edited 5:05am Dec 17, 2024 4:54am | Edited 5:05am
since its the holiday season when consumers spend the most on shit they don't need and started on black Friday in November retail sales have to surprise by a big margin like close to double for it to effect the dollar to keep rising other than just the initial kneejerk reaction so now that uve been warned ill scream and pull out my hair if some idiot in the room asks why GU going up since retail sales are green LOL

if you want some good laughs read the comments in the news section cause several will ask that question

if retail sales disappoint the dollar gona drop hard and fast and GU go up towards my 1.3000 target I've been talking about now for a month and getting flak from dumb fuks that trade ewave
short trump and go long the deepstate
  • #848,884
  • Dec 17, 2024 4:58am Dec 17, 2024 4:58am
Quoting Konichiwhaat
{quote} Adding on the hour close at the big 2700. Targeting the bottom of the data impulse move
Close. Long. The story has changed across the majors
Emotional Control. Process, not outcome.
  • #848,885
  • Dec 17, 2024 5:03am Dec 17, 2024 5:03am
Quoting Zebi
since its the holiday season when consumers spend the most on shit they don't need and started on black Friday in November retail sales have to surprise by a big margin like close to double for it to effect the dollar to keep rising other than just the initial kneejerk reaction if retail sales disappoint the dollar gona drop hard and fast and GU go up towards my 1.3000 target I've been talking about now for a month and getting flak from dumb fuks that trade ewave
Elliott wave theory is not a bad thing.
I do use EW when there is the clearest of signals and like any methodology has worked for me more often than not.
I don't deal with the WXY things but any other clear count like 12345 or abc after a 12345 works like a charm.
When we start to go into the wxy or wxywz I log out because this usually means ranging.
If you think you can or cannot do it you are correct
  • #848,886
  • Dec 17, 2024 5:08am Dec 17, 2024 5:08am
Quoting maxi444
{quote} https://www.youtube.com/watch?v=m6ndiBURmlQ welcome
Thanks bro.
You are so funny.
  • #848,887
  • Dec 17, 2024 5:10am Dec 17, 2024 5:10am
Quoting Olu
{quote} Elliott wave theory is not a bad thing. I do use EW when there is the clearest of signals and like any methodology has worked for me more often than not. I don't deal with the WXY things but any other clear count like 12345 or abc after a 12345 works like a charm. When we start to go into the wxy or wxywz I log out because this usually means ranging.

let me ask you this....

in your experience trading the markets is it more psychological and emotional or do you think its more mathematical like ewave

can the market be reduced to a mathematical equation?


which side represents the market better?
short trump and go long the deepstate
  • #848,888
  • Dec 17, 2024 5:13am Dec 17, 2024 5:13am
Quoting ThaoAnh
{quote} Thanks bro. You are so funny.
I was three times in Ho Chi Minh City...great
  • #848,889
  • Dec 17, 2024 5:27am Dec 17, 2024 5:27am
Quoting Zebi
{quote} let me ask you this.... in your experience trading the markets is it more psychological and emotional or do you think its more mathematical like ewave can the market be reduced to a mathematical equation? which side represents the market better?
It's emotionally and psychologically driven but can be mechanically extracted from.
  • #848,890
  • Dec 17, 2024 5:28am Dec 17, 2024 5:28am
Attached Image (click to enlarge)
Click to Enlarge Name: TradingView_Screenshot_1734434840939.jpg Size: 361 KB
!! Radha Radha !!
  • #848,891
  • Dec 17, 2024 5:36am Dec 17, 2024 5:36am
Quoting Zebi
{quote} let me ask you this.... in your experience trading the markets is it more psychological and emotional or do you think its more mathematical like ewave can the market be reduced to a mathematical equation? which side represents the market better?
EW is mathematical I agree. It is also psychological as well. The creators of EW have observed that human psychology for example can present in the 5 waves motive structure etc. Everyone using moving averages as support, resistance and trend are using maths as well imho
If you think you can or cannot do it you are correct
  • #848,892
  • Dec 17, 2024 5:55am Dec 17, 2024 5:55am
Quoting Olu
{quote} EW is mathematical I agree. It is also psychological as well. The creators of EW have observed that human psychology for example can present in the 5 waves motive structure etc. Everyone using moving averages as support, resistance and trend are using maths as well imho

the inventor was an accountant and bureaucrat that never made money trading his creation

the only money he made with his ewave was by selling books LOL...just like every other proponent from prechter to neeley to whoever is the current ewave guru on youtube

https://thismatter.com/money/technic...-biography.htm

good luck
short trump and go long the deepstate
  • #848,893
  • Dec 17, 2024 5:59am Dec 17, 2024 5:59am
I can say during maybe 2 weeks daily goes up its question of time target 1.3130 min. this is picture of daily 4 h can go up or down,but daily stays like this. It can be 1.25 again before going up.I dont know how it goes.
  • #848,894
  • Dec 17, 2024 5:59am Dec 17, 2024 5:59am
Quoting ThaoAnh
{quote} {image}
Hit SL
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  • #848,895
  • Dec 17, 2024 6:33am Dec 17, 2024 6:33am
Quoting W0lfram
{quote} Who said so? lol You can, bc its just a line. Use platform's regression tool for trendlines, use your hands for everything else. You connected two lows, then in the future another low (almost-)touched the line - holy fuck, how cool is that! {image} {image} For better visual, I'll take highs and lows only {image} This supposed to be candles and gaps are just visual artefacts {image} Your drawing tools have no objective value. All patterns are present in random data too, with the same performance. If someone tells me, that 'trendlines' and...
righto
im going to ignore the stupid points like about more than 1 dimensional tech,
to be clear
you're saying that price isn't respecting the line and thats not where orders are or people are watching, its random
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #848,896
  • Dec 17, 2024 6:36am Dec 17, 2024 6:36am
Quoting dempire1
{quote} You do realise there is no difference between line chart or OHLC? You can put chikos and fardeens and coregs there it won’t make a difference. All of it is just an average of….? Lets see can a street smart answer that?
there is a difference of what it records, its not an average
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #848,897
  • Dec 17, 2024 6:50am Dec 17, 2024 6:50am
4 h perspective 1.28100,support 1.26.Daily stays at bottom.1 h can go down till 126( picture or some support) . 4 h wlll show 1.28100
  • #848,898
  • Dec 17, 2024 6:53am Dec 17, 2024 6:53am
Quoting Bones
{quote} there is a difference of what it records, its not an average
what does it record?
Attached Image (click to enlarge)
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How to succeed in zero sum game?
  • #848,899
  • Dec 17, 2024 7:00am Dec 17, 2024 7:00am
Quoting dempire1
{quote} what does it record? {image}
candle/ohlc V line chart
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #848,900
  • Dec 17, 2024 7:01am Dec 17, 2024 7:01am
Quoting Bones
{quote} righto im going to ignore the stupid points like about more than 1 dimensional tech, to be clear you're saying that price isn't respecting the line and thats not where orders are or people are watching, its random
Good. You realized, that you don't need a 'load of data' to draw a line, just a flat list of values {v1, v2, ...}. Since you using only highs/lows/close.
So no problem with line charts.
Your point was stupid. Congratulations. No surprises.

btw, you call ohlc 'a load of data'?
Quoting Bones
{quote} you do realise line charts miss a load of data?
Air force
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