Cable Update (GBPUSD)

I don't remember a week when all 5 days' pip ranges were > the 30day adr, helping bring this metric up to a current 100pips. The week too saw a large pip range, @ 192% of it's 13wk awr, and so far the mth has seen price travel 79% of it's 6mth amr. This is what can happen when one (or more) dominant and pressing fundie themes drive price.

* Very bearish Wkly, and Friday's Dly candle closes. Mthly candle is looking bearish right now - but a long way to go till it's close, so anything can happen to it.
* Wkly, Dly, 4Hr and 1Hr close the week in downtrends.
* Price remains below the Mthly and Yrly pivots, and closes the week below Mthly S2.
* Uk fundamentals are generally unsupportive of a strong £ right now.

* You have to go back to Nov 2023 for the prev 4hr sw lo zone = prev supp (now) = pot supp that contains Fri's /the wkly 2191 lo, @/around 2 x longer-term fibs, and in the dly part of a prev 4hr/dly sw lo zone = prev supp = pot supp that extends down to 2187, again from Nov 2023. This later zone is coexistent and a 1st test of a prev dly sw hi zone = pres res = prev rbs = pot rbs that started @ 2199 and extends down to circa 2159, and is from 31st Oct 2023.
* The next 'major' wkly + prev sw lo zone is the one that extends down to 2038, it contains Yrly S1 @/around 2063.
* 50% of the 0327-3434 major move up (Sept 2022 -Sept 2024 [last yr's hi,]) is @ 1880.
* The downside b/o of last year's 2300 lo remains true as of the wk's close. The same goes for the 2nd downside b/o's of both last mth's 2475 lo, and last wk's 2351 lo.

So, a bearish picture overall, particularly (technically) on 1hr + t/f's. Due a pullback at some point,? any £ bulls nursing long positions will be hoping so!

EDIT: added a bit, and corrected typos.


Wkly, Dly, & 4Hr (with 10/20/40 ema crosses graphic,) below

Filtered by - 0.032 < x < - 0.028
Out of it
6 cases: mth close below 7_day low
3 cases: close below, when low < -0.03

[trích dẫn=boodvah;15113107]{hình ảnh}[/trích dẫn]
Thanks so much.
I remember seeing a chart somewhere.. ? Is renko

renko adaptive from forex station

Traders analyze calendar data. But is it special?

Month looks like this:


What if we resample daily data by 22 with offset 1 to make 'artificial' months?
From 2 we got 20
'Real' monthly dataset: 286
'Real' daily: 5954
'Artificial' monthly: 5933
Difference max. 2.2%
So.. Start a month from any day


I'm becoming more and more convinced that it make no sense trying to rationalize price with 'real' data and events.
Is there anything real except statistical properties of a given stochastic process aka symbol/ticker?
Fundamentals, Trump's tweets?

the first image is the setup
second and third image shows sub window confirmaition

Just because it's the start of a new year, and because I've noticed quite a lot of new names on the thread, I thought I would explain again the charts that I post. The key is below.

Charts posted:
Re the rectangles - they represent areas where there has been a fractal swing hi or lo - ie where there has been a recent imbalance of supply over demand (Swing hi) = potential res/rbs, [resistance becomes support,] -or- demand over supply (swing lo) = potential supp/sbr, [support becomes resistance.] The colours represent what t/f they exist on. So;

Light blue - on that t/f
Dark blue on that t/f, and tested and held as support or resistance at least once.
Light grey - the fractal swing exists on the next higher t/f also (so for 1hr, next higher t/f in this t/f combo is 4hr.)
Dark Grey - as above and has been tested and held as either supp or res at least once.
Pink - a fractal swing hi or lo on the t/f below that it is shown on - so on 1hr that means 30min for me.
Hollow zone – a previous swing hi or lo that has been disrespected as potential supp/res/sbr/rbs at least once.
-----------------------------------------------------------------------------------------------------------------------------

I don't make trade calls here, and I don't know where price will go next. I don't predict, I use probabilities - based on large empirical multi-year historical sample(s) of what happened when my edge has set-up before. That's all. I know some posters here think that amounts to 'sitting on the fence,' and seem not to understand that you don't have to know what is going to happen next to make money, but there it is.

I use a self-developed edge that is comprised of repeating technical patterns that includes price action as the confirmer (or not,) and trigger for entry, in a rule-based methodology. So for example, I do not know until price arrives @ a potential supp/res/sbr/rbs zone and/or other factors used, (ie: Fibs, Trend Lines, and Calculated pivots,) whether there exists a greater chance of a break-thru it in the direction of the prevailing price action, -or- a bounce away from it in the opposite direction, and I only know the probability sometimes, ie when one or more of the aforementioned repeating patterns sets-up on one or more t/f's. If I enter the market on a set-up (s) I still don't know what will actually happen, - it might be that the greater probability plays out, and it's a winner -or- that the lesser probability plays out, and it's a loser. All I know is that if I stick to the rules of my edge (including money and trade management,) then over a certain future sample size of instances, I will realise a net profit. My trading signature at the bottom of every post sums this all up.

If I understand correctly, the monthly candle does not hold any intrinsic value. It is possible to generate one monthly candle covering the period from December 15 to January 15?Do you think we can apply the same principle to Daily Candle? Start the day from any hour? Since we have multiple sessions in a day, should we call it a cycle?

Learning the tools still

- Correct. No intrinsic value for any candle.*
- Should be fair for any TF.
- Some brokers do start a daily TF from NY session or whatever
__________
- Starting from any point we get continuous TF, some sort of atr. As can be seen from state, no principal difference

*Lately I test all new and old ideas on synthetic data too, it shows same performance as with actual data.
Although, session is kinda real thing, I tested previously posted idea about London session - same patterns persist

With a good US CPI and Trump inauguration coming in, we could see 1.19

How do you insert the human brain into the calculations when you lack your own?

If you think everything is random, show us how you're going to tackle this game. You are wasting your time, without any doubt!
The beggar's belief is that you are letting people like Zebi basically shout random numbers without challenge (while being spectacularly wrong) and complaining about charts and idea posters, a lot of which is useful.

The opinion of old imbeciles who don't know how to have a constructive conversation is not valued. Why did you crawl out of your kennel again?

I'll repeat my questions once more:
// I generated ohlc aka 'a load of data'. No difference in terms of drawing lines, 'respecting tl'.
Any street-food smart objections?

// any fucking difference for your TA if you connecting lows or closes?
//Have you calculated the failure rate for dark cloud pattern?

You're an idiot who doesn't understand what other people are talking about, no doubt.

edit:
I'm gonna draw some lines calling it a super useful idea without trading and teach other what to do while being a retard. Oh wait... isn't it you?

Thanks, what can I say shit falls out of my mouth some find it funny others not so, beauty of the internet you can be anyone you want to be ...