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Cable Update (GBPUSD)

  • #857,361
  • Mar 28, 2025 11:27am Mar 28, 2025 11:27am
Quoting W0lfram
{quote} There is no lower wick on monthly candle yet. Your broker may have it, but I trust CME
First case of no_lower_wick bullish (calendar-) monthly candle.

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Air force
  • #857,362
  • Mar 28, 2025 11:45am Mar 28, 2025 11:45am
Quoting Guy1969
I took 50pips from this USDCAD trade, and 45pips from long EU. My weekend starts now. {image} {image}
You have no SL? My Long EU SL hit -0.5% (30 pips).
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #857,363
  • Mar 28, 2025 11:46am Mar 28, 2025 11:46am
Quoting RoelsMajor
{quote} You have no SL? My Long EU SL hit -0.5% (30 pips).
Nope, I watch candle formations, the 2 trend lines are my price traps. If P/A plays out within those lines, my analysis remains valid.
  • #857,364
  • Mar 28, 2025 11:54am Mar 28, 2025 11:54am
if look monthly candles.this candle bullish first bullish,february neutral.before was several short red candles.lets hope. THis is monthly,no weekly.
  • #857,365
  • Mar 28, 2025 12:15pm Mar 28, 2025 12:15pm
Quoting W0lfram
{quote} First case of no_lower_wick bullish (calendar-) monthly candle. {image} {image}
There is always a first time... This is a very weird month.
Data + Stat + Risk/Emotions Management
  • #857,366
  • Mar 28, 2025 12:44pm Mar 28, 2025 12:44pm
Quoting W0lfram
{quote} First case of no_lower_wick bullish (calendar-) monthly candle. {image} {image}
The first case of no lower monthly wick is plain wrong. Look with your eyes.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,367
  • Mar 28, 2025 12:47pm Mar 28, 2025 12:47pm
I count at least 4 in a random section
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,368
  • Mar 28, 2025 1:04pm Mar 28, 2025 1:04pm
Quoting Bones
I count at least 4 in a random section {image}
Hi Bones. I look with eyes and with code.
1. All of the candles from your chart have lower wick. And I'm talking only about 'bullish' ones
2. I use CME for data, you are using IG I guess
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Check 6B
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Air force
  • #857,369
  • Mar 28, 2025 1:23pm Mar 28, 2025 1:23pm
[quote=W0lfram;15197528]{quote} Hi Bones. I look with eyes and with code. 1. All of the candles from your chart have lower wick. And I'm talking only about 'bullish' ones 2. I use CME for data, you are using IG I guess{image} Check 6B {image}[/quote
Yes, it is a monthly chart that opens on a Sunday. You may well have missing data.
If you account for the fact of so much data in a month, there is no difference to all the candles I mentioned.
There all shaven.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,370
  • Mar 28, 2025 1:31pm Mar 28, 2025 1:31pm
My March has a John Wick
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Leave Israel alone and Palestine will be free
  • #857,371
  • Mar 28, 2025 1:33pm Mar 28, 2025 1:33pm
Quoting Moty
Last time eu touched 1.08925 , it dropped 30 pips Took short gu ,eu ,goldi {image} {image}
Ty mister mf and gu
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yes yes yes
  • #857,372
  • Mar 28, 2025 1:41pm Mar 28, 2025 1:41pm
One final short of the day GJ at 19406 TP open will see how the tariffs work out
Insane in the Brain..
  • #857,373
  • Mar 28, 2025 2:21pm Mar 28, 2025 2:21pm
DXY is still bearish, Eurusd and Gbpusd are still bullish. Just in range now, waiting for accumulation where big banks will add more longs on GBP and EUR. Core PCE Price Index MoM inflation today was hotter then expected that is not a good news, s&p500 fell further, there could be more correction to the down side for s&p500.

AAII sentiment needs to go below 50% bearishness to be more positive toward bullish in stock market like s&p500.
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  • #857,374
  • Mar 28, 2025 2:23pm Mar 28, 2025 2:23pm
Quoting W0lfram
{quote} First case of no_lower_wick bullish (calendar-) monthly candle. {image} {image}
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Hi W0lfram,
Not all brokers have monthly candle lower wicks
  • #857,375
  • Mar 28, 2025 2:25pm Mar 28, 2025 2:25pm
GU is still within a 46-pip range today; at least another 44 or 54 pips are needed to reach a total range of around 90 or 100 pips. A big bullish candle is needed. Lel
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #857,376
  • Mar 28, 2025 2:37pm Mar 28, 2025 2:37pm
Quoting RoelsMajor
GU is still within a 46-pip range today; at least another 44 or 54 pips are needed to reach a total range of around 90 or 100 pips. A big bullish candle is needed. Lel
Quoting elude
Mapping
GBPJPY {image}
GBPJPY D1 Bias depending on one's perception GBPUSD {image}
GBPUSD D1 {image} GBPUSD H4
Since the beginning of this week, some traders maintain a bullish outlook, while others have a bearish bias, often fixated on prices needing to reach specific levels. \
Me? It's ranging or consolidating and will be so until at least tomorrow or next week. I will follow what I see next. However, at a glance, today, I see it as bullish. Since it is ranging I think it is safe to swing-scalp on H4 TF, using the sell high and buy low...
Hi RoelsMajor.
I mentioned the range the other day.
  • #857,377
  • Mar 28, 2025 2:45pm Mar 28, 2025 2:45pm
Quoting elude
{quote} {image} Hi W0lfram, Not all brokers have monthly candle lower wicks
Hi, yes. And some of them may have long 'scam' wicks, but fortunately this happens rarely.
That's why I always refer to a centralized futures exchange.
I think I'm repeating this for the fourth time.
Air force
  • #857,378
  • Mar 28, 2025 3:22pm Mar 28, 2025 3:22pm
Quoting W0lfram
{quote} Hi, yes. And some of them may have long 'scam' wicks, but fortunately this happens rarely. That's why I always refer to a centralized futures exchange. I think I'm repeating this for the fourth time.
You're worrying about a few pips on a monthly. It depends on when they open on that Sunday 1st.
My feed comes from IT finance, and I've never experienced any problems. However, the retail forex feeds are decentralised to at least 4 feeds I know about.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,379
  • Edited 6:57pm Mar 28, 2025 4:08pm | Edited 6:57pm
Quoting Bones
{quote} You're worrying about a few pips on a monthly. It depends on when they open on that Sunday 1st. My feed comes from IT finance, and I've never experienced any problems. However, the retail forex feeds are decentralised to at least 4 feeds I know about.
I'm not worried and not experiencing any problems with that.
It's more like you having problems with what I've posted.

Price is continuous and how you slice it to a candle doesn't matter at all; hourly can start at 00:05 - end at 01:05, etc. I guess I don't need to explain TF arithmetics to such experienced trader.

I analyze one source of data which I consider the most relevant.

Logic:
- aggregate tick data into a candle (done by a platform)
- see whether there is a no lower wick on some bullish candle
- look forward into the future to see if the low of that candle was broken
I've attached stats for three different timeframes: hourly, daily, monthly (1st time no lower wick).
Some broker can make 100 pips wick aka 'liquidity provider issue', but you can't blame CME for missing data bc of that.

So your comments about data feeds - bucket shop brokers - make no sense to me. Hope that's simple enough.
Air force
  • #857,380
  • Edited 7:00pm Mar 28, 2025 5:50pm | Edited 7:00pm
Before possible further nonsense misunderstandings.
Here are the dates where Open = Low for 6B Futures (GU), Daily. Check with you broker if the Open of these days has been broken at some point in future. Answer - yes.
We can even ignore the fact that Futures open an hour later.
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Air force
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