Short-term golden levels for scalping the range.
http://www.forexfactory.com/showthre...32#post8850532
http://www.forexfactory.com/showthre...32#post8850532
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DislikedShort-term golden levels for scalping the range. http://www.forexfactory.com/showthre...32#post8850532 {image}Ignored
DislikedMy outlook on Cable for this week Cable, also as expected, reversed from the major support as indicated in the last weeks analysis. GBPUSD moved from 1.4050 towards 1.4450 and closed the week at 1.4222 giving up most of the gains. I managed to close some of that rally see GBPUSD short trade setup I still see cable to be a rather bearish case in the short to midterm. There is no indication from the Commitments of traders that markets are turning bullish yet. The double bottom at 1.3850 could be possible...Ignored
DislikedThere is no indication from the Commitments of traders that markets are turning bullish yet.Ignored
DislikedHow about this. We are all correct. Let's open a hedge fund, raise 500 million, put our ideas in play, and buy our own island!! I'm ready....Ignored
Disliked{quote}\ this is true, however COT is not a leading indicator, there could be a flip in COT positioning and index when market moved 500+ pips from the bottom. COT is useful but it won't give you a precise entry / turning point.Ignored
Disliked{quote} True. COT report is not designed as a market entry tool. The market can be short term bullish in a long term downtrend. COT report is designed to gauge supply and demand of important market participants. I use it to confirm mid/long term fundamental bias in a given market.Ignored
DislikedMy outlook on Cable for this week Cable, also as expected, reversed from the major support as indicated in the last weeks analysis. GBPUSD moved from 1.4050 towards 1.4450 and closed the week at 1.4222 giving up most of the gains. I managed to close some of that rally see GBPUSD short trade setup I still see cable to be a rather bearish case in the short to midterm. There is no indication from the Commitments of traders that markets are turning bullish yet. The double bottom at 1.3850 could be possible...Ignored