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Cable Update (GBPUSD)

  • #854,181
  • Feb 15, 2025 3:47am Feb 15, 2025 3:47am
Quoting Waveskierrob
{quote} Nothing special with very bad reviews, here's one example....{image} IG been going since the 1970's I think I'll stick with them, thanks for the heads up though, you never know....
Wow, maybe we have it good at Darwinex Zero. It's working great for me and a few other guys participating in it as far as I know.

Weird, I even chatted with the founder/ceo...both bros..
Really amazing people.

Maybe that is what RoelsMajor is referring to as 'point of view'.
  • #854,182
  • Feb 15, 2025 5:22am Feb 15, 2025 5:22am
W/e analysis

So far this mth price has traveled 77% of the 6mth amr. Price closes the week above the Mthly pivot (which is @/around 2354,) but below the Yrly pivot (which is @/around 2749.)

* Wkly This candle closed bullishly @ 122% of it's 13wk (1/4yr) awr. There was therefore an upside follow-thru on the previous week's inverted hammer candle on this t/f. The t/f remains in a pullback it's overall bearish state, if not in a general downtrend, but the close of this week's candle makes for a HL @ 2249 (the current mth lo) on the t/f. The new wk (assuming no gaps,) will open above the new Wkly pivot which will be @/around 2516.
* Dly Fri's (< 30day adr) dly candle closed with a bullish body but a long upper wick - hammer-esq, (upper wick longer than the body,) after the p/back from 2630 -the day's/week's/current mthly & yrly hi. It was however still an upside follow-thru on thur's bullish thrust candle.The t/f is probably in a general uptrend,? and it's last few fractal prints have been a H (@22550,) above the last HH (@ 2524,) a HL (@ 2332,) and what will be a HH @ Friday's 2630 high or higher when it forms fractally on the t/f. Overlapping (coexistent) potential rbs zones (ie prev sw hi's) exist on the t/f, (in increasing order of time proximity to current PA,) and extending down to circa 2506. The p/back lo/closing price is challenging the 1st one.
*4Hr This t/f (like the 1Hr below it,) closed in pullback mode re it's current general uptrend. It's last candle close was a bearish thrust, - a downside follow-thru on the hammer candle before it.

NB: The week just closed was punctuated by, and has seen price react to, the general theme of Trump's economic and trade policy as it manifests itself in a drip- drip feed frenzy of tariffs and announcements/threats toward the U.s's trading partners/competitors, resulting in a generally weaker $. The week closes looking bullish overall, but the market is prone to pullbacks and reactions to events, and it is important to assess the character of each trend on each t/f to see whether anything changes. Assuming nothing happens over the w/e (particularly re Trump,) the 1st question going into the new week will be how far the downside p/back begun from Fri's/the week's 2630 hi will continue?

Wkly, Dly, 4Hr, and Potential Res factors (with new Wkly pivots) to the upside of 2630, below.
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Trader with an Edge.
  • #854,183
  • Feb 15, 2025 6:16am Feb 15, 2025 6:16am
Weekly on the run already:
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  • #854,184
  • Feb 15, 2025 6:23am Feb 15, 2025 6:23am
Should have posted this much earlier, sorry for that.

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  • #854,185
  • Feb 15, 2025 6:58am Feb 15, 2025 6:58am
Quoting Bakker
Weekly on the run already: {image}
Now on course to touch 1.2749... but a pullback to 1.2500 is expected before further upward move.
Data + Stat + Risk/Emotions Management
  • #854,186
  • Edited 7:14am Feb 15, 2025 7:04am | Edited 7:14am
USD/CHF in big trouble
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  • #854,187
  • Feb 15, 2025 7:06am Feb 15, 2025 7:06am
Quoting Georginson
{quote} Now on course to touch 1.2749... but a pullback to 1.2500 is expected before further upward move.
that would be the area I’d likely buy from
Insane in the Brain..
  • #854,188
  • Feb 15, 2025 7:17am Feb 15, 2025 7:17am
Quoting Bakker
USD/CHF in big trouble {image}
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  • #854,189
  • Feb 15, 2025 8:40am Feb 15, 2025 8:40am
Quoting Bakker
{quote} {image}
Holy shit! Brother of Jesus came to GBPUSD Update to share his holy grail! Pray for us Jesus to make some money! He saw the Lord! And Lord gave him a forex system! Pray!
People don't plan to lose. They lose because they don't plan.
  • #854,190
  • Feb 15, 2025 8:55am Feb 15, 2025 8:55am
Quoting ThaoAnh
{quote} {image}
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  • #854,191
  • Feb 15, 2025 9:12am Feb 15, 2025 9:12am
1. Measuring one fiat currency against another basket of fiat junk is meaningless, and even if you did, it's not very revealing.
2. The deficits need cutting, or for a mathematical fact, the entire Western financial system will explode from stupidity; if successful, there will be short-term pain.
3. Intervention is off the chart, especially since QE, for any metric to have meaning, including stock market valuations.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #854,192
  • Feb 15, 2025 9:24am Feb 15, 2025 9:24am
Cable has failed to break the range, and it's not too early to look at the monthly.
It's not an official hammer due to its close, but it is worth monitoring for medium term direction on the fly.
It's as simple as, Blue print is likely bullish.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #854,193
  • Feb 15, 2025 9:37am Feb 15, 2025 9:37am
Quoting BeeTogether
{quote} that would be the area I’d likely buy from
There may even be an overshoot sell to 1.24 area to scare the bulls. Overall we are in strong bull territory. Expected range this quarter is between 650 - 800 pips, this means 1.2750 - 1.2900 is a real possibility within 6 weeks.
Data + Stat + Risk/Emotions Management
  • #854,194
  • Feb 15, 2025 9:43am Feb 15, 2025 9:43am
Quoting Bones
1. Measuring one fiat currency against another basket of fiat junk is meaningless, and even if you did, it's not very revealing. 2. The deficits need cutting, or for a mathematical fact, the entire Western financial system will explode from stupidity; if successful, there will be short-term pain. 3. Intervention is off the chart, especially since QE, for any metric to have meaning, including stock market valuations. {image} {image}
We could say that the whole world has been financially stupid. I mean we as Western World or should we say America made China rich with opening all manufacturing there. China is in bad shape with their economy, so everyone will get affected. But either way you do make a good point.
  • #854,195
  • Feb 15, 2025 9:49am Feb 15, 2025 9:49am
Quoting RoelsMajor
{quote} No, this is just a psychological perspective or suggestion to make the mind perceive it that way. Try giving each upward turn a different color, and I guarantee each president will have their rise and fall periods (red and blue) rather than just using one color for one president. I will bargain for looks like magic, Lel
I would have to disagree. The point of this is, whenever Democrat candidate gets elected, Dollar is up for about a year give or take. When Republican president gets elected, Dollar goes down again a year give or take. It does not mean that it will go straight up for four years or down. But it is kind of a good indication to keep it in the analysis.
  • #854,196
  • Feb 15, 2025 9:56am Feb 15, 2025 9:56am
Quoting OutThere
I forgot to wish Zeb happy Valentine's day. So I drew a painting of him sitting under a candle light. An old hand drawn chart in front of him with parallel lines drawn at tops and bottoms of the chart. He is deep in thought about how to take advantage of the price movent. As always, the question is when to buy, sell, hold... What would Wyckoff do indeed? {image}

that's funny OT...you made me laugh

but most people wont understand or get the joke of the hand drawing in candlelight meme

thanks a lot for making me so handsome
short trump and go long the deepstate
  • #854,197
  • Edited 10:24am Feb 15, 2025 9:58am | Edited 10:24am
Quoting OutThere
{quote} Wow, maybe we have it good at Darwinex Zero. It's working great for me and a few other guys participating in it as far as I know. Weird, I even chatted with the founder/ceo...both bros.. Really amazing people. Maybe that is what RoelsMajor is referring to as 'point of view'.

interactivebrokers in that review has the bad customer service tho its gotten better...that's where all the whales trade so the company not too concerned about us pissant retailers
short trump and go long the deepstate
  • #854,198
  • Feb 15, 2025 10:25am Feb 15, 2025 10:25am
Popular topic today?

Dates: from election to election
max.depr = from open (election) to low during a term

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Air force
  • #854,199
  • Feb 15, 2025 10:35am Feb 15, 2025 10:35am
.it's a blessing to be on a thread that has so many political experts, suprises me why they bother with this little thread and not be off running some country...
  • #854,200
  • Edited 11:14am Feb 15, 2025 10:39am | Edited 11:14am
Quoting Datatrades1
{quote} I would have to disagree. The point of this is, whenever Democrat candidate gets elected, Dollar is up for about a year give or take. When Republican president gets elected, Dollar goes down again a year give or take. It does not mean that it will go straight up for four years or down. But it is kind of a good indication to keep it in the analysis.
I said again and again, actually, there’s no connection at all. Many studies have investigated it, and none of them show any significant results of 0.99 or 1; it’s just suggestion, and this is no better than astrology predictions. It’s up to you. I think it’s wiser to look at the table year by year showing who printed more money during their time, rather than blaming the Democratic or Republican parties. That will clearly show who has poor control over the budget deficit and who can’t restrain themselves from printing more money through credit.

Cheerz
https://www.statista.com/statistics/...-president-us/
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