Cable Update (GBPUSD)

Quoting Whale

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Waiting is virtue {image}

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Quoting cobblecop

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Entry taken. Let profits run till 1:1 atleast. {image}

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Quoting AK.47

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{quote} on what confluences did you take this trade if I may ask?

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Quoting cobblecop

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{quote} Strong dollar buys at the moment and multiple rejections around the 1.35200 level. Entry after a simple trendline break.

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Quoting AK.47

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{quote} 100% whale. I was eyeing at 1.3568-1.3578 level to be filled as well. Just need a proper confirmation in this wretched market, I hope you agree

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Quoting AK.47

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{quote} right that's my thinking too but look at the last breakouts, none of them get respected. the hourly candle bearish close 3 candles ago still hasn't done anything and yesterday's bullish candle's range breakout just got obliterated the next hour with a bearish candle break of structure. It's all over the place

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Quoting W0lfram

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May seasonality median oh - 107 pips median ol - -290 pips upper quartile for the same metrics 33 -178 {image} Disproportional and shifted compared to base or April (for example)

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Quoting Whale

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{quote} The range... we will not bet against it at this moment.. Trump tomorrow will get back to the US and we will see what on his mind. but extra cautious here

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Quoting W0lfram

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{quote} Market is highly efficient (reflects almost all available information) and follows random walk behavior (Geometric Brownian Motion) --> No point in candle patterns, harmonics, trendlines, triangles and other drawing fantasies (usually meant by TA)

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Quoting Schultz

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{quote} Fractional Brownian Motion, actually. Geometric Brownian motion, also known as a Wiener process, is just one process of FBM. This rather significant nuance is not well understood by proponents of GBM such as the very clever Nobel Laureates who were behind the failed hedge fund Long-Term Capital Management.

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Quote

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Geometric Brownian motion, also known as a Wiener process, is just one process of FBM.

Quoting W0lfram

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{quote} fbm is one framework that tries to capture fat tails, drift (e.g for /NQ it's ~0.55 if I remember correctly) but this part: {quote} == Car is a special case of an engine.. gbm isn't inside fbm LTCM failed not because of gbm was wrong diffusion process, afaik edit: yeah, I googled to refresh the memory: it was operational/risk-management failure.

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Quoting Bflyfx

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{quote} euro could go back to the lows 1.14 big bullish pattern on dollar index 1.1640 is next target for bears.

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Quoting cobblecop

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Another entry on GBPUSD. Aiming for a 1:1. {image}

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Quoting AK.47

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{quote} wolf is that what you work with? GBM? FBM?

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Quoting Bflyfx

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{quote} come to Pappa Ta doesn't work if your IQ is less than 60!

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Quoting W0lfram

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{quote} Well, not directly. For swing trades I use statistical properties of a given time-series to model volatility, check whether it can be explained by synthetic data. And a lot of other tools, e.g. volume profile visible on my charts I post here A well-know fact that if you show people random data in any form (line, candlesticks, renko, etc) alongside the actual price of any asset, they won't be able to tell with a probability any better than random guessing which is real. at least by a naked eye If random data being shown -...

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