Cable Update (GBPUSD)

Quoting W0lfram

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{quote} 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...

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Quoting Bones

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{quote} Either this is a once-in-generation event, or your idea is flawed. Btw banking isn't centralized, and nor is the forex market. Why you believe your feed is right is flawed off bat. German engineering can't be applied to something like this.

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Btw banking isn't centralized, and nor is the forex market.

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Either this is a once-in-generation event, or your idea is flawed.

Quoting W0lfram

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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. {image}

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Quoting W0lfram

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{quote} One can take any time-series and analyze it. It just happened to be that price action on 6B and GU ticker is (mostly) identical and symbols have the minimal price difference. Why you believe your feed is right? According to your logic, you may be looking at the wrong price in your IT-Finance lol. How can you trade it if it's not right feed? {quote} I'm talking about CME traded futures. I don't fucking care about other feeds and what's happening there. {quote} {quote} .

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Quoting Bones

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{quote} it must be once-in-generation in your mind then, making a big deal about futures like that makes any difference to the feed {image}

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Quoting Bones

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I don't know what you're talking about only its a nut job idea that will NEVER work

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Quoting Bones

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I don't know what you're talking about only its a nut job idea that will NEVER work

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Quoting Bones

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come back and say sorry bones im a dick and ill forgive you {image} {image}

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Quoting W0lfram

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Which candles aren't meaningless? It's funny to watch someone argue with statistics with their opinions. Well, one don't understand anything at all. ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

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Quoting W0lfram

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On a final note: candles bracketing some specific metric - time, price (renko, etc), volume (one can build a chart by a chunks of n contracts traded, etc. Find some characteristic in the past samples, see what happens in the future. Backtesting 101, objective data. Not drawings. Nevertheless, some idiot is brave to argue.

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Quoting Nala66

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{quote} I don't believe any candle has any meaning; traders just impart meaning to them. That is not to say it is a bad idea to do so provided there are entry and exit signals with stops for good money management. Simply draw a line on the chart to place a pending order in the trading direction with a target and a stop and then go away and let it run. If the order is taken up it may run to your target or it may run to the stop. If the target is twice that of the stop, you have a fairly good trading system. What you are saying here is price will...

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If the target is twice that of the stop, you have a fairly good trading system.

Quoting W0lfram

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{quote} I have the expected return stats, as well (how far price will go below that low, but it's usually ends up with avg position). Since this is a reversion targets, I trade it w/out leverage per entry and usually have up to 6 entries using DCA. Actually little to no risk for me, works fine for 3 years.¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯ But this one is not the best 'pattern'. Rare and fiil time can be high. {quote} R:R is a derivative from strategy, tested rules, it can't be "I want 2:1 ratio entering here...

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Quoting Nala66

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{quote} But where is the entry? Price can move a long way before running for home. On my charts I can see my entry, my stop and my expected target very clearly. However, I use the MT4 platform which may not appeal to people who think their platform is better or their feed is better, this has nothing to do with being a successful trader at all. Pretty charts should be hung in art galleries. I don't trade upon opinion but what is reality right in front of my eyes for the past 35 years though it took a lot of that time to work the whole process out....

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Quoting Nala66

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{quote} Mind you I still think Bones is a "Dick" who thinks lines have magic powers. Looks at the radii he has here, one can only draw this after the fact which is useless to a trader.

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Quoting Bones

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its hammer + confirm + break, day one that's how I know those bears are wrong to target the open this month with very high probability, now proven {image}

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Quoting Terminalf12

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{quote} In this day and age 2025, I can't believe that retail traders are still relying on charts and no one I mean.... {image} {image} {image}

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