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Cable Update (GBPUSD)

  • #424,501
  • Feb 18, 2016 3:32pm Feb 18, 2016 3:32pm
Quoting elbert3
{quote} Hi D got your shout, sorry not been here but i have a big multi building plots on the go somit is taking up my time,i am even getting stuck in hard working on the site , and its great to come home feeling thatbyou have worked for your dinner, even thou i train weights still doe not beet hard work , but it looks like your nailing it , you acc must be up there, . Regards B
Nice to hear E ..
Yeh accs looking back at me and smiling thanks E ..

Btw sounds like fun out there
  • #424,502
  • Feb 18, 2016 3:32pm Feb 18, 2016 3:32pm
Quoting Mr. Scott
{quote} GA we have ab cd, alt bat, GU you have cypher/gartley with 1618 confluence http://www.forexfactory.com/showthre...44#post8757144
Hey boss just catching up andbyour posting a lot on gb whats going on .lol hope your well ,regards B
  • #424,503
  • Feb 18, 2016 3:40pm Feb 18, 2016 3:40pm
Quoting dean1star
{quote} Nice to hear E .. Yeh accs looking back at me and smiling thanks E .. Btw sounds like fun out there
Good to hear about your acc , , yes coming home with more aches and pains ,lol. I wanted to buy some eggs to kick up my food intake, i dont normaly shop but i had to, so i go into the shop i could not fine any eggs ? I asked the boy, do you have any eggs in,, yes he said and showed me to a load of easter eggs ?????? I was gob smacked . Cock came to mind lol .
  • #424,504
  • Feb 18, 2016 3:42pm Feb 18, 2016 3:42pm
ok say I accept there technically correct ,then by your own reckoning its on lower edge at support , yet you hold short ?
I assume your happy its breached ,not really respecting at all

Quoting Ill-b-back
{quote} man I loved those guys as a kid.But honestly, they could be shovels for all I care, they work beautifully
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,505
  • Feb 18, 2016 3:59pm Feb 18, 2016 3:59pm
Quoting elbert3
{quote} Hey boss just catching up andbyour posting a lot on gb whats going on .lol hope your well ,regards B
Hey B,

glad to hear the wife finally put you to work. Well you know, just happened to be on it of late(GA and GU), and saw some good charts in here, thought I would chime in.

Taking off for a few days, so take care and be well.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #424,506
  • Feb 18, 2016 4:04pm Feb 18, 2016 4:04pm
Quoting Mr. Scott
{quote} Hey B, glad to hear the wife finally put you to work. Well you know, just happened to be on it of late(GA and GU), and saw some good charts in here, thought I would chime in. Taking off for a few days, so take care and be well.
Lol not the wife i came accross a guy that needed to build with no money to do it, so i thought lets build it , so i have been cleaning the site ready for the adverts , i like the hard work, ? Lol. Thing is one glass and its all over,lol..???hic lol hope your well ,there is more to life than fx, regards as ever B
  • #424,507
  • Feb 18, 2016 4:07pm Feb 18, 2016 4:07pm
Quoting Mr. Scott
{quote} Hey B, glad to hear the wife finally put you to work. Well you know, just happened to be on it of late(GA and GU), and saw some good charts in here, thought I would chime in. Taking off for a few days, so take care and be well.
I will have a look , where do you think gb is going .? ,on my i pad so no charts and i cant be bothered to lol. Hic
  • #424,508
  • Feb 18, 2016 5:42pm Feb 18, 2016 5:42pm
Quoting Bones
ok say I accept there technically correct ,then by your own reckoning its on lower edge at support , yet you hold short ? I assume your happy its breached ,not really respecting at all {quote}
January breached the lower line, Feb is retesting it and "currently" showing rejection south off of it. So yep, I'm very happy with my shorts. In one of your previous posts you highlighted we are retesting the monthly pivot and 50 fib (from below)!! yet said probability is with bulls?? Not sure how this is, but as long as you are happy with your position as am I. The market will decide. Heading back into next conference session. All the best
Come with me if you want to live....
  • #424,509
  • Feb 18, 2016 6:11pm Feb 18, 2016 6:11pm
ok,then it falls further 500 pips then what do you do with a pitch fork ,thats hardly respected bar near the points of reference
regarding monthly pivot ,and the upper wick ,failure of pivot
theres a lot of false ,end of day you have to think whats real here ,
cable has to the end of the month to take the low ,

Quoting Ill-b-back
{quote} January breached the lower line, Feb is retesting it and "currently" showing rejection south off of it. So yep, I'm very happy with my shorts. In one of your previous posts you highlighted we are retesting the monthly pivot and 50 fib (from below)!! yet said probability is with bulls?? Not sure how this is, but as long as you are happy with your position as am I. The market will decide. Heading back into next conference session. All the best
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,510
  • Feb 18, 2016 6:33pm Feb 18, 2016 6:33pm
Quoting Bones
ok,then it falls further 500 pips then what do you do with a pitch fork ,thats hardly respected bar near the points of reference regarding monthly pivot ,and the upper wick ,failure of pivot theres a lot of false ,end of day you have to think whats real here , cable has to the end of the month to take the low , {quote} {image}
they are reference points for future market turns (as history in my monthly chart shows). Honestly, we could discuss this in circles for a long time, I'm 46 and not getting any younger. We can theorise speculate and question until the cows come home. I'm on my small phone with fat fingers and it's frustrating and juggling quite a bit in life right now. Don't mean to be rude but I am finished discussing. I have outlined my reasons with different time frame Cable charts and the DOW. Use it or throw it out, it's everyones' own choice. I no longer feel the desperate need to try prove myself right to others, I'm past it. Have a good day.
Come with me if you want to live....
  • #424,511
  • Feb 18, 2016 7:02pm Feb 18, 2016 7:02pm
Quoting nixdem
{quote} What's the name of the soundtrack?
I just picked up from the random radio station last night. sorry not sure what the name is. I still feel the music is not fast enough. Maybe next time I go faster.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #424,512
  • Feb 18, 2016 7:09pm Feb 18, 2016 7:09pm
Quoting Bones
but I want to warn you (while he sleeps )nothing works including history ,pivots,trendlines and patterns according to M the only thing that works is a home made dynamic system {quote}
The only thing that works is just to read the game. Read the tape. Look at the order pockets being attacked, see the follow-through after the attack, did a sell stop pocket being hit and the fast price spike attract additional impulse sellers? If it can't go down any more, it can only go up...

Market movement is fundamentally a continual process of forming bubbles. Not to the scale of the tulip bulbs bubble... The everyday speculative bubbles in the GU are smaller scale, but fundamentally it's all just tulip bulbs!

Attached Image (click to enlarge)
Click to Enlarge Name: tulipFrenzyForGU.png Size: 16 KB
"Don't fear a bubble until it starts to burst."
  • #424,513
  • Feb 18, 2016 7:17pm Feb 18, 2016 7:17pm
ok M ,you know I think you do know your system very well ,and you are a good character to have
just very frustrating to me when you say things like history dosent matter etc ,maybe it shouldn't ,


Quoting meanvel
{quote} The only thing that works is just to read the game. Read the tape. Look at the order pockets being attacked, see the follow-through after the attack, did a sell stop pocket being hit and the fast price spike attract additional impulse sellers? If it can't go down any more, it can only go up... Market movement is fundamentally a continual process of forming bubbles. Not to the scale of the tulip bulbs bubble... The everyday speculative bubbles in the GU are smaller scale, but fundamentally it's all just tulip bulbs! {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,514
  • Feb 18, 2016 7:21pm Feb 18, 2016 7:21pm
yes we could talk in circles ,thats cause who you are rather than me ,imo
I'm no expert on pitchfork ,maybe someone else can say who knows ,but quick look makes no sense at all ,nor is it respected like you say
wrong tool ,wrong job
your the one quoting me ,when I'm speaking to Dean


Quoting Ill-b-back
{quote} they are reference points for future market turns (as history in my monthly chart shows). Honestly, we could discuss this in circles for a long time, I'm 46 and not getting any younger. We can theorise speculate and question until the cows come home. I'm on my small phone with fat fingers and it's frustrating and juggling quite a bit in life right now. Don't mean to be rude but I am finished discussing. I have outlined my reasons with different time frame Cable charts and the DOW. Use it or throw it out, it's everyones' own choice. I...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,515
  • Feb 18, 2016 7:26pm Feb 18, 2016 7:26pm
Quoting Bones
ok M ,you know I think you do know your system very well ,and you are a good character to have just very frustrating to me when you say things like history dosent matter etc ,maybe it shouldn't , {quote}
I just think that extrapolating historical data to predict a current scenario is a bad idea...

If you think this scenario is bullish or bearish based upon a historical pattern... Suddenly US CPI data comes out and shellshocks the market Friday... Bringing in a flood of buyers or sellers causing a totally different pattern.

When it comes to history, it's good to know about market frenzies like the tulips bubble, Bitcoins three month frenzy from $100 to $1000 as half the people in the country got excited and piled in. The Ebola panic and how it drove a short term S&P crash. This knowledge of history is useful to know for understanding the market.
"Don't fear a bubble until it starts to burst."
  • #424,516
  • Feb 18, 2016 7:36pm Feb 18, 2016 7:36pm
Here is the problem... Markets are semi-chaotic. They are not too chaotic, but chaotic enough that a few people buying a trendline touch can be enough to turn the market via the butterfly effect sometimes. But, you also have to realize that this also means that any large trader can slam the market with a aggressive exploratory order... And in the right market conditions, it causes a sustained move which can last fifteen minutes, or even trigger a move lasting hours with effects that echo for days.

The reason the market turns exactly at Fibonacci numbers sometimes has nothing to do with Fibonacci being present in mass behavior or human emotions, it just has to do with people who believe it does buying or selling at those numbers... And the butterfly effect doing the rest. However, it only works when the market is pushing weakly into the number where it can be turned by just a few buyers or sellers, or the market is overextended and ready to turn at any moment.

But, when people really get riled up about some speech out of the UN, or some central banker making a policy shift... Someone can slam the market with yards of currency and they cannot diffuse the crowd and stop them from staying in a frenzy and driving the market hard.
"Don't fear a bubble until it starts to burst."
  • #424,517
  • Edited 8:28pm Feb 18, 2016 7:55pm | Edited 8:28pm
When it comes to Fibs, there is actually only one tool and number with strong statistical significance... The golden ratio projections. A lot of people trade off the golden ratio projection. Statisticians have actually analyzed market data and proven that there is statistical evidence of a Fibonacci fractal structure, but the reality is... There isn't one there "naturally". It's just an effect caused by traders trading off the numbers.

I mean, look at how many hedge fund managers and traders have read the Elliott Wave books... Of course the bloody magic numbers are going to have "some" effect upon the market. And, in a lot of cases, enough people will be trading off the numbers to butterfly effect a turn in the market if the conditions are right.

It would be much simpler if people only traded off swing highs, swing lows, even numbers, and 50% retraces... Need to somehow retract every person on the planets knowledge of Fibonacci, then there would be zero market reaction to them...

Attached Image (click to enlarge)
Click to Enlarge Name: goldenRatioProjections.png Size: 12 KB
"Don't fear a bubble until it starts to burst."
  • #424,518
  • Feb 18, 2016 7:57pm Feb 18, 2016 7:57pm
btw im not seeking to be right like you imply ,
you can check if you like ,I'm right a lot ,can only come with screen time
I said be careful not to change the daily after such a move this is what I meant
another reason I'm thinking cable will find support ,
http://www.forexfactory.com/showthre...61#post8761961

Quoting Ill-b-back
{quote} I no longer feel the desperate need to try prove myself right to others, I'm past it. Have a good day.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD (DFB).png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,519
  • Feb 18, 2016 7:58pm Feb 18, 2016 7:58pm
I tried to be nice but not torturing myself any longer
Come with me if you want to live....
  • #424,520
  • Edited 8:37pm Feb 18, 2016 8:07pm | Edited 8:37pm
From now on, I am just posting the critical numbers to watch for the day... The sell stop pockets look most likely to be visited and tested before the market returns to that high. They are quite a ways away though... Probably going to need CPI data to catalyze a market move to reach any of these before next week.

Sell stop pockets just below... Ill be looking to trade longs after each of these are breached and cleared. If they are...
1.4255
1.4235

Buy stop pocket just above...
1.4393
Getting here is a long shot... The only way would be a big CPI data reaction. It is still a better idea to play the market short until later next week, so if you do get a short setup above here, it's the best trade.
"Don't fear a bubble until it starts to burst."
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