I think it is - as yet - undecided. There is a possibility for up, but also - W-formation - for down.

Cable Update (GBPUSD)

one way to look at it, I suppose

Cable Update (GBPUSD)

well, I don't try to be critical but maybe you just don't understand the concepts of statistical edge and gaussian distribution

Cable Update (GBPUSD)

trading is based on the assumption that what has worked in the past will work in the present: every new trade adds to the already existing statistical corpus (and as long as the incoming data back up the historical data you keep following your ...

Cable Update (GBPUSD)

if your approach has a statistcal edge (which must have been tested, of course) and you have a sound money management in place it isn't - it is called profitable trading.

Cable Update (GBPUSD)

the method some use here is called gambling there was no buy signal anywhere and yet...

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

you may be right, you may be wrong - pure speculation, so to speak. I wonder how this can be useful information. What we actually have is a retracement after the last breakout but certainly not a sell signal on this TF: (on H4 things look ...

Cable Update (GBPUSD)

regardless of the instrument you trade? regardless of the timeframe you look at? Seems like a trustworthy, reliable and well-informed source.

EURUSD

always consider both bull and bear thoughts in order to stay out of trades 1) the bulls: bull flag in the making, 1.25 TP very possible. 2) the bears: lower highs could very well push down to 1.24. If both have a likelihood of 50%, always select ...

Cable Update (GBPUSD)

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Indi by ChatGPT

Do you know the phrase: Stating the obvious? The whole thread is an accumulation of people again and again: stating the obious...

Cable Update (GBPUSD)

crazy, huh?

Cable Update (GBPUSD)

But, of course, logically this lack of clarity and differentiation results in a fallacy. Bow and arrow don't work as a weapon. Why? Because most people asked to try a bow and arrow miss the target. This example may tell us something about "most ...

(binned per thread starter’s request) Intraday swing trading

we are still in an uptrend, after all: price produced a new high, then with Frankfurt open price retraced to daily open (at least where I live) and from there it did what price does in an uptrend: it moved up again. Nevertheless momentum is fading ...

Cable Update (GBPUSD)

you are two weeks late, my friend

Gold, Daily

Actually, I think, you could have seen it coming because you price made a number of lower highs.

(binned per thread starter’s request) Intraday swing trading

Thank you for insulting me - you seem to be a nice person. If you look at the last thirteen candles (for example on M15), you can see where their highs were. If you draw a line along these highs, you see an area for a possible sell entry (as long as ...

Cable Update (GBPUSD)

Looking at H1 for bias - GBPUSD: only down since London open; if this is true, you want to enter sell trades if you want to enter sell trades, you want to enter as high as possible (so - for example - you draw a trendline above the highs - on your ...

Cable Update (GBPUSD)

I think - at the moment - anything can happen: if you look at the last monthly and weekly candle: they tell the whole story

Cable Update (GBPUSD)