Cable Update (GBPUSD)

H. --- My target 1.26 50 is upon us , NOW..................

I noticed for quite some time pat that your 4H charts are different than everyone else's LOL

now even your daily chart has different candles

did you purposely switch servers so the new start time is midnight instead of new york close on your charts or is this a broker thing?

I want to trade in
CHF/JPY but never tried once any suggestions or entry points, cz I major is xau,usd,Eur, cad

Pat, yeah, Feb. 21 for a high would be nice. MY SYSTEM told me this date in the middle of January. The day before or after Feb.21 is permissible. PA is tiresome. 1.2675 target still to be reached.

Sold at 1.26470 - lets see where it goes ....

Pat, Waveski, after closing his shorts on Friday looks like a visionary for the 4th day.

i dont want to influence bulls but looks to me like new yorks price action just wanted to grab stops above this weeks highs

I still believe in 2450. I think this spike was necessary to harvest the stops. I just need Asia to sell tonight and I can patiently wait for the dump in London and NY tomorrow.

Edit: Looked at the chart and it doesn't look good. This thing might slash through 1.27 tomorrow.

Zeb,

I usually modified my server time to align with Liquidity Providers & Market Hours.
Many brokers align with GMT+2/GMT+3 (with daylight savings) to match the New York & London market overlap.

Thus, in this way, I always see pattern with H4 candle formation bit different from normal MT4.
And normally some brokers use the timezone of their HQ or data center.
This doesn't gives true candle formation to my trading styles which are on H4.

And just a note, many brokers avoid using GMT±0 to ensure that Sunday candles don’t appear on daily charts.
This will screw up and can mess up analysis to everyone.

As im always on the move, I usually change the setting to match the local time.
Since most of my broker are from Europe-based, I adjust it to GMT+2 / GMT+3 (EET - Eastern European Time)
And for broker in Asia, i use GMT+7 to GMT+9

At the same time i also use Arbitrage Trading. The reason are :
As you're aware broker does use a plugin tool or software modification to manipulate order execution to their advantage.
It's a trick used by dishonest brokers to make it harder for traders to win.

By using arbitrage trading it requires expensive equipment and infrastructure.
In general if you arbitage trading minimum cost are as follow :
Software (Arbitrage program) → $5,000+ per month for 3 terminals.
LMAX Feeds (Fast Market Data) → LMAX is a premium liquidity provider that offers ultra-fast price feeds, costing several thousand dollars per month.
Server Costs → A powerful server is needed for fast execution, also expensive.

Therefore, you may see my H4 and Daily chart are not the same with anyone else.

Put my money where my mouth is. Long 2650. TP 2720.

How crazy is this, my GBPJPY sell gave me 160 pips, and GU running the other way . I closed 15 pips from my stop, got something out at least. Will risk really go into the weekend on the back foot? The dollar is rarely weak over month-end, just thinking...

PatWaveskie one word plese.........as her wish.

Fulfill her wish and she'll be happy.

Maybe you sold quite early

This monthly bar bothers me so much...never seen such formation. Clearly in the overbought territory.

I expect a massive tail downwards till the end of February.

Why this two similar set up gives two different result.

The RED set up failed to bounce up after clearing the RBS zone
The BLUE set up price bounce the RBS zone.

Have I missed the opportunity to go long? Is there still a chance?

Trade like real Jesse Livermore. I hope you read @TooSlow posts yesterday.

H. Short , as shown.........................................................................