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Cable Update (GBPUSD)

  • #861,041
  • Jun 6, 2025 6:37am Jun 6, 2025 6:37am
watching limit signal 2564 while weekly health for close try above 3582, somehow managed reaction tl at 3535, take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #861,042
  • Jun 6, 2025 6:45am Jun 6, 2025 6:45am
...that 3616/17 new current yrly hi y/day was probably enough to take out some/a lot of (?) 'big' stops above the 3593 previous current yrly hi? That's the thing about these prev sw hi or lo zones, there can be stops above/below them, retail or bigger, and this usually depends on the t/f and the 'significance' of the swing. How often do we see a zone just break to the up or downside and reverse, where the stops are being used as liquidity for those doing the reversing? It's fairly common phenomenon.
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I started later today so could catch U.s NFP ,which I don't usually hang around for these days. (It's not what it was,!) but if the soft ADP # is any indication, we might see a similarly soft print on this,? and some movement? Who knows?

1hr below
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Trader with an Edge.
  • #861,043
  • Jun 6, 2025 6:48am Jun 6, 2025 6:48am
Quoting Abeylyn
{quote} You must be a genius. Honestly, these will take 100 years for me to learn. Is there any Indicator that can plot this graph. The circle edge seems to equate a good Resistant points.
I understand that for many a circle means nothing BUT you know that the radius is the same for the entire circle so the vertical distance (the price) is converted into horizontal distance (the time)...that's all...you just have to understand this concept...you don't have to be a genius, I'm not otherwise I wouldn't be here writing on this forum like all of you..obviously!!

the difficult thing is to understand how to scale the MT4 or MT5...it took me several months
  • #861,044
  • Jun 6, 2025 7:09am Jun 6, 2025 7:09am
then there are the idiots who, when they see a graph with lines they have never seen (the circles) instead of politely asking what it means, prefer to denigrate... that's why they are idiots.

and that's why I ignore them...I have more important things to do than answer...
  • #861,045
  • Jun 6, 2025 7:10am Jun 6, 2025 7:10am
Quoting carbonmimeti
{quote} I understand that for many a circle means nothing BUT you know that the radius is the same for the entire circle so the vertical distance (the price) is converted into horizontal distance (the time)...that's all...you just have to understand this concept...you don't have to be a genius, I'm not otherwise I wouldn't be here writing on this forum like all of you..obviously!! the difficult thing is to understand how to scale the MT4 or MT5...it took me several months
If a new layer of circle is drawn on the existing ones, what precisely is your next TP ? Incase price is able to continue the uptrend....

I will appreciate a graphical representation.

Thanks bro.
Market Structure is the King.....
  • #861,046
  • Jun 6, 2025 7:13am Jun 6, 2025 7:13am
GBPUSD daily chart
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  • #861,047
  • Jun 6, 2025 7:16am Jun 6, 2025 7:16am
Quoting Abeylyn
{quote} If a new layer of circle is drawn on the existing ones, what precisely is your next TP ? Incase price is able to continue the uptrend.... I will appreciate a graphical representation. Thanks bro.
please...if you want read some example you ask
https://www.forexfactory.com/thread/...sion?page=4513
even before and after pages
  • #861,048
  • Jun 6, 2025 7:19am Jun 6, 2025 7:19am
some interesting example here in real time on 5 min charts:

https://www.forexfactory.com/thread/...sion?page=4515
  • #861,049
  • Jun 6, 2025 7:19am Jun 6, 2025 7:19am
Quoting carbonmimeti
{quote} please...if you want read some example you ask https://www.forexfactory.com/thread/...sion?page=4513 even before and after pages
Last page on these thread is 2259.
Market Structure is the King.....
  • #861,050
  • Jun 6, 2025 7:25am Jun 6, 2025 7:25am
Quoting Abeylyn
{quote} If a new layer of circle is drawn on the existing ones, what precisely is your next TP ? Incase price is able to continue the uptrend.... I will appreciate a graphical representation. Thanks bro.
I answer your question briefly:
1) the radius of the circle is the low high swing
2) to this swing you apply the ratios that can be the classic Fibonacci ones (1.382..1.618...) 3) or
3) the geometric ones... I use these for example 1.4142 which derives from the diagonal of the square
  • #861,051
  • Jun 6, 2025 7:50am Jun 6, 2025 7:50am
...the aforementioned 4 fib cluster is where the immediate post NFP bounce came. Mixed reaction but a couple of tradeable swings on the 1min/3min.

4hr then 1hr below
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Trader with an Edge.
  • #861,052
  • Jun 6, 2025 7:50am Jun 6, 2025 7:50am
I removed all the lines to make the graph clean...H1:
the radius of the circle is the very first swing downhill...it is he who determines everything
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  • #861,053
  • Jun 6, 2025 7:51am Jun 6, 2025 7:51am
and I applied the geometric raios which I obviously darkened except 1.4142
could it go down further?? who knows..maybe could it go up from here??

working in progres...
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  • #861,054
  • Jun 6, 2025 7:56am Jun 6, 2025 7:56am
as USDJPY moves in reverse, I think it's worth taking a look at H1...resistance hit
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  • #861,055
  • Jun 6, 2025 8:17am Jun 6, 2025 8:17am
Quoting carbonmimeti
and I applied the geometric raios which I obviously darkened except 1.4142 could it go down further?? who knows..maybe could it go up from here?? working in progres... {image}
Interesting.

It tends to pick high and low with certain degree of accuracy....

Nice 1.
Market Structure is the King.....
  • #861,056
  • Jun 6, 2025 8:33am Jun 6, 2025 8:33am
actual situation on H1

doble support
rebound in progress on 1 min chart
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  • #861,057
  • Jun 6, 2025 8:34am Jun 6, 2025 8:34am
yes
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yes yes yes
  • #861,058
  • Jun 6, 2025 8:35am Jun 6, 2025 8:35am
Gold come on at least hit 3380
Insane in the Brain..
  • #861,059
  • Jun 6, 2025 8:39am Jun 6, 2025 8:39am
Quoting BeeTogether
Gold come on at least hit 3380
Loving GOLD at the moment, scalping LONG and SHORT, finding it too easy which troubles me...
  • #861,060
  • Jun 6, 2025 8:39am Jun 6, 2025 8:39am
Quoting BeeTogether
Gold come on at least hit 3380
goldi in an perfect h&s pattern
took short to 3305
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yes yes yes
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