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Cable Update (GBPUSD)

  • #419,441
  • Sep 16, 2015 8:11am Sep 16, 2015 8:11am
lol no I'm not ,I think it will go higher

Quoting Hickson
{quote} Are you serious? lol ... well, sometimes it holds, sometimes not? But you can never know, pivots are pivots lol
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,442
  • Sep 16, 2015 8:19am Sep 16, 2015 8:19am
Quoting Bones
really such a surprise that pivot held ,really random {quote} {image}
I made an EA, which do nothing trade, just I let him to back test to historical data.
I have set 2 important news release for analysis. The USD news at 15:30 ( my time) and the GBP news at 11:30 ( my time)

I have checked how is related the news releasse candle on 1M, 5M, 15M, 1H with the previous one. Also the next one.
Sadly the result was random enough ( 45-55% probability)

I have checked what if the first candle makes a huge spike and the second is a pullback do the 3rd follow the first one: the result is random again.

Ony 2-3 candles can be found on 5M chart which has a probability around 75% for relative prev candle direction and is movement in average barely covers the spread + comission.

I havn't tested with Pivot Point, because:
- the daily candle vary from Boker to broker: GMT, EST, PST daily candles aren't the same
- if a day has low movement then the R1,S1..R1,S3 are close enough to be touched, bypassed even the level 3 on the next day.
- to many type of formulas are to calculate the Pivot, just check the S3,R3 value on different sites: http://www.forexfactory.com/showthread.php?t=556700 6 site 6 diff value?
I want to buy PATIENCE
  • #419,443
  • Sep 16, 2015 8:22am Sep 16, 2015 8:22am
Quoting matheszabi
{quote} I made an EA, which do nothing trade, just I let him to back test to historical data. I have set 2 important news release for analysis. The USD news at 15:30 ( my time) and the GBP news at 11:30 ( my time) I have checked how is related the news releasse candle on 1M, 5M, 15M, 1H with the previous one. Also the next one. Sadly the result was random enough ( 45-55% probability) I have checked what if the first candle makes a huge spike and the second is a pullback do the 3rd follow the first one: the result is random again. Ony 2-3 candles...
so in lay mans terms where will it go,,regardsE
Attached Image (click to enlarge)
Click to Enlarge Name: 1 h.png Size: 52 KB
  • #419,444
  • Sep 16, 2015 8:28am Sep 16, 2015 8:28am
charts are made by humans ,
you wont get a computer to act like one yet


Quoting matheszabi
{quote} I made an EA, which do nothing trade, just I let him to back test to historical data. I have set 2 important news release for analysis. The USD news at 15:30 ( my time) and the GBP news at 11:30 ( my time) I have checked how is related the news releasse candle on 1M, 5M, 15M, 1H with the previous one. Also the next one. Sadly the result was random enough ( 45-55% probability) I have checked what if the first candle makes a huge spike and the second is a pullback do the 3rd follow the first one: the result is random again. Ony 2-3 candles...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,445
  • Sep 16, 2015 8:33am Sep 16, 2015 8:33am
pivot = calculation
S/R is by your eye from price


Quoting Marco-Kanto
Can someone please explain to me the difference between a pivot point and S/R line? I'm confused!! Many thanks guys!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,446
  • Sep 16, 2015 8:34am Sep 16, 2015 8:34am
Quoting Bones
pivot = calculation S/R is your by eye from price {quote}
Thanks Bones!

Can you point me in the right direction for some info on the pivot calculation please.

Thanks man!
Focus.
  • #419,447
  • Sep 16, 2015 8:35am Sep 16, 2015 8:35am
Quoting elbert3
{quote} so in lay mans terms where will it go,,regardsE{image}
Attached Image


I think he has moved enough for today

+
Resistance zone expected

=> I set a few short pending orders above the price
I want to buy PATIENCE
  • #419,448
  • Sep 16, 2015 8:36am Sep 16, 2015 8:36am
for that its better to let your platform do ,for mt4 you can download off FF


Quoting Marco-Kanto
{quote} Thanks Bones! Can you point me in the right direction for some info on the pivot calculation please. Thanks man!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,449
  • Sep 16, 2015 8:37am Sep 16, 2015 8:37am
Quoting Marco-Kanto
{quote} Thanks Bones! Can you point me in the right direction for some info on the pivot calculation please. Thanks man!
You don't deserve Internet if you can't use Google : https://en.wikipedia.org/wiki/Pivot_...nical_analysis)
I want to buy PATIENCE
  • #419,450
  • Sep 16, 2015 8:40am Sep 16, 2015 8:40am
thats right its gone up 142 pips today ,best thing is short now without any price confirmation


Quoting matheszabi
{quote} {image} I think he has moved enough for today + Resistance zone expected => I set a few short pending orders above the price
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,451
  • Sep 16, 2015 8:44am Sep 16, 2015 8:44am
Quoting Bones
for that its better to let your platform do ,for mt4 you can download off FF {quote}
I'm a mac man Bones - so I'm running MT4 on mobile devices - I use Trade Interceptor on my desktop to make more refined decisions (ie how to throw all my money away) - do you know anything that could help me out on these platforms?

Thanks Bones.
Focus.
  • #419,452
  • Sep 16, 2015 8:45am Sep 16, 2015 8:45am
Quoting matheszabi
{quote} You don't deserve Internet if you can't use Google : https://en.wikipedia.org/wiki/Pivot_...nical_analysis)
I'd rather take direct advice from those here than anything else - but I'll read up on that Wiki entry. Thanks!
Focus.
  • #419,453
  • Sep 16, 2015 8:45am Sep 16, 2015 8:45am
Quoting Bones
thats right its gone up 142 pips today ,best thing is short now without any price confirmation {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: weakening.png Size: 45 KB

It is already weaking, I don't expect to be a spike down.

Also I am not targeting 200 pip
I want to buy PATIENCE
  • #419,454
  • Sep 16, 2015 8:49am Sep 16, 2015 8:49am
Hi Marco ,im also Mac ,its a personal opinion but I'm not a lover MT4 ,I use Pro realtime I don't know Interceptor ,hey look its easier to learn from someone ,than a book ,lots good guys here

Quoting Marco-Kanto
{quote} I'm a mac man Bones - so I'm running MT4 on mobile devices - I use Trade Interceptor on my desktop to make more refined decisions (ie how to throw all my money away) - do you know anything that could help me out on these platforms? Thanks Bones.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,455
  • Sep 16, 2015 9:00am Sep 16, 2015 9:00am
well I see the res ,but nothing to say no higher now ,poss consolidation ,

Quoting matheszabi
{quote} {image} It is already weaking, I don't expect to be a spike down. Also I am not targeting 200 pip
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,456
  • Sep 16, 2015 9:01am Sep 16, 2015 9:01am
Quoting Bones
Hi Marco ,im also Mac ,its a personal opinion but I'm not a lover MT4 ,I use Pro realtime I don't know Interceptor ,hey look its easier to learn from someone ,than a book ,lots good guys here {quote}
THANK YOU BONES. I've been looking for a direct recommendation on software. I'll check it out.
Focus.
  • #419,457
  • Sep 16, 2015 9:11am Sep 16, 2015 9:11am
50% fib worth a pull back ???
  • #419,458
  • Sep 16, 2015 9:18am Sep 16, 2015 9:18am
Quoting edyraper
{quote} {image} and some thing like this . {image}
who wants to short 5529 & 5567
  • #419,459
  • Sep 16, 2015 9:32am Sep 16, 2015 9:32am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 186 KB
  • #419,460
  • Sep 16, 2015 9:36am Sep 16, 2015 9:36am
Who is going to short? Again after hour uncertainty came then it will move down again till fed release. As per me 450 is on card..
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