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Cable Update (GBPUSD)

  • #853,641
  • Feb 11, 2025 4:29am Feb 11, 2025 4:29am
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yes yes yes
  • #853,642
  • Feb 11, 2025 5:08am Feb 11, 2025 5:08am
Mf !!!!!!!
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yes yes yes
  • #853,643
  • Feb 11, 2025 5:25am Feb 11, 2025 5:25am
good day GU traders possible liquidity sweep of the last five days of trading in the Asian/London sessions still patiently holding long positions from: 1.2165, 1.2245, 1.2377, and 1.2457. the rest of this week could be significantly revealing as to the degree of near term pullback. nothing is absolute successful navigation of any financial instrument requires the mindset of "degrees of probability". humble reminder: pip is 100th of a penny, low leverage/small positioning, daily bars, patience are all helpful strategies. good fortune today
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"The Rich Never Pay Retail"
  • #853,644
  • Feb 11, 2025 5:28am Feb 11, 2025 5:28am
I told you shell not pass 1.23733 mf
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yes yes yes
  • #853,645
  • Feb 11, 2025 5:46am Feb 11, 2025 5:46am
Quoting Guy1969
H4 expanded view, for those trading harmonics. {image}
Guy1969, why C has to be at 82.2% ret. level?
Always trade your own plan...I don't provide trading signals.
  • #853,646
  • Feb 11, 2025 6:08am Feb 11, 2025 6:08am
Quoting Coreg2004
{quote} Guy1969, why C has to be at 82.2% ret. level?

Hi Coreg2004,

This was my count, I was thrown by the A as you can see . And based on my understanding, C should end up somewhere in that upper zone. Your comments are appreciated.
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  • #853,647
  • Feb 11, 2025 6:11am Feb 11, 2025 6:11am
Yes yes yes
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yes yes yes
  • #853,648
  • Feb 11, 2025 6:12am Feb 11, 2025 6:12am
Sold more GU @1.24000
  • #853,649
  • Feb 11, 2025 6:13am Feb 11, 2025 6:13am
Quoting teprewitt23
{quote} Monty Python? {image}
No
Gandalf
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yes yes yes
  • #853,650
  • Feb 11, 2025 6:25am Feb 11, 2025 6:25am
Quoting Guy1969
{quote} Hi Coreg2004, This was my count, I was thrown by the A as you can see . And based on my understanding, C should end up somewhere in that upper zone. Your comments are appreciated. {image}
Guy1969, I like your analysis. I use the same methods to set my support/resistance zones (EW, HP, PP, ATR). You can check my here.
https://www.forexfactory.com/thread/...5#post15146155
Always trade your own plan...I don't provide trading signals.
  • #853,651
  • Feb 11, 2025 6:37am Feb 11, 2025 6:37am
Quoting Waveskierrob
{quote} said it before and I'll say it again, what's easier to do 100 x 1 pip trades or 1 x 100 pip trade, give it some thought...
How about 10 x 10 pip or 5 x 20 pip trades? I think that's a better balance and easier to accomplish than either 1 x 100 pip or 100 x 1 pip trades.
You cannot fail if you never give up.
  • #853,652
  • Feb 11, 2025 7:01am Feb 11, 2025 7:01am
I'm presuming that at some point there will be a bearish 30 minute candle?
Nope, doesn't look like it. Lets go for #10
  • #853,653
  • Feb 11, 2025 7:05am Feb 11, 2025 7:05am
Quoting 7154Superman
{quote} So I got stopped out. Longs beware! EUR/USD price just broke down through a strong support. Now it's down to the floor. Time to look for good short entries. Previous support at 1.03044 should now be resistance. If price breaks back up above 1.03105 within 2 hours and hourly candle closes above, then that should negate the bearish breakout, rendering it false. {image}
I think the odds for a short is more favorable right now.
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You cannot fail if you never give up.
  • #853,654
  • Feb 11, 2025 7:09am Feb 11, 2025 7:09am
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“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #853,655
  • Feb 11, 2025 7:21am Feb 11, 2025 7:21am
Quoting 7154Superman
{quote} I think the odds for a short is more favorable right now. {image} {image}
Bayesian statistics would agree.
Whatever probability of their being 9 consecutive 30 minute candles, the probability of have 10 is less, 11 lesser, etc etc. That's not to say that it won't post 10 or 11, it's just that the probability of doing so declines.
  • #853,656
  • Feb 11, 2025 7:32am Feb 11, 2025 7:32am
Quoting 7154Superman
{quote} How about 10 x 10 pip or 5 x 20 pip trades? I think that's a better balance and easier to accomplish than either 1 x 100 pip or 100 x 1 pip trades.
yep what ever you think, not saying I'm right, was just making a point, whatever you are comfortable with, was just trying make folks think about it .... and by some of the posts looks like I succeeded...
  • #853,657
  • Feb 11, 2025 7:58am Feb 11, 2025 7:58am
Quoting MrFanciful
{quote} Bayesian statistics would agree. Whatever probability of their being 9 consecutive 30 minute candles, the probability of have 10 is less, 11 lesser, etc etc. That's not to say that it won't post 10 or 11, it's just that the probability of doing so declines.
Streak ending or continuation is still 50%, easy to write computational experiment.
In a sample of N candles (or coin tosses) you will have lesser number of 10-streak than 9-streak.
Looking at actual counts in a finite sample: every 10-streak contains a 9-streak within it (obviously), you will always have at least as many 9-streaks as 10-streaks.
That doesn't mean probability is lower but a sample is small.
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Air force
  • #853,658
  • Feb 11, 2025 8:02am Feb 11, 2025 8:02am
Quoting MrFanciful
{quote} Bayesian statistics would agree. Whatever probability of their being 9 consecutive 30 minute candles, the probability of have 10 is less, 11 lesser, etc etc. That's not to say that it won't post 10 or 11, it's just that the probability of doing so declines.
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Frequency distribution of M30 same color candles in a row over last 100 bars.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #853,659
  • Feb 11, 2025 8:07am Feb 11, 2025 8:07am
No good signal for short today ,continue bounce eurusd , now testing good resistance but odd time to play ! Let's see how reacts!
Earliest signal 0343 , /better 0340 !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #853,660
  • Feb 11, 2025 8:15am Feb 11, 2025 8:15am
Quoting 7154Superman
{quote} I think the odds for a short is more favorable right now. {image} {image}
Never mind. I got stopped out again. I am driving and can't focus anymore on trading for today. Try again tomorrow.
Total results since Thursday night = 3 losses, 2 wins. Now I need 3 more wins to finish my second +5% ROI win cycle. If my driving keeps getting in the way, then it'll be hard to make +5% ROI per day. Sometimes it could take a week or more.
You cannot fail if you never give up.
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