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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting OnlineAddict
{quote} Stocks will definitely crash...and then they will be heavily bought and go into new highs again, like always.
Are you suggesting the rate rises and tapering will be abandond after a mini crash then buisness as usual?
DISCLAIMER: If indeed they actually do either of those things.
Every day is a schoolday.
Quoting UKBanter
{quote} Are you suggesting the rate rises and tapering will be abandond after a mini crash then buisness as usual? DISCLAIMER: If indeed they actually do either of those things.
I don't even think they will raise rates 3 or more times this year, as they claim. But whatever happens, stock market is going up for how long, 100 years? Every dip was bought and made a new high...we don't need to reinvent the wheel here.
Everyone can see the chart, but only a few can actually read it.
Quoting OnlineAddict
{quote} I think the bigger picture is 1.5, not below 1.20.
Even bigger picture than previous, you're also right, imho first down(As EU/EG long-term bullish, 1.5 also might be the first)
For me EU 1.19+, if GU can climb with EU, we're already there
Maybe it will take 2-3 years
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Quoting Wavegarrick
{quote} Yes, Sir, it was 35 pips. In fact, I closed it for 30 pips on the break of 1.36000 but also offset it against a buy trade taken earlier in January. I am completely flat now and await clearer direction. As I said, January is not an easy month for me. Have a great day, Cheers. {image}
Anyway Folks,
For now, I see at least a test of my future weekly pivot at 1.35957 ish (highlighted area)for a 42 pipper and possibly an overshoot to 1.36000. Mid-round numbers when tested for the first time like to retrace back to round numbers. I also have my weekly support 1 here. Much will be decided around 1.3600 in the coming week. We are also going into month-end and volatile moves with profit-taking and so forth.
Trade safe,
Cheers.
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Trade to Trade another day.
Quoting pipibrasci
Now I have this...going into next week. Something interesting. Weekly chart vs Daily chart. Consistent reversal candlestick patterns on the upper trendline (weekly chart). Strong Fib levels. 0.382 as support and 0.236. as resistance (although broken but price retraced). Price bouncing off them. Likely to retrace back to the 0.382 fib level?? Currently hovering around a support zone 1.35580 - 1.35250 Momentum and volatility no doubt is high as channel expands. Next level of support (Targets) i see are 1.3460 - 1.3408 Head & Shoulder pattern (weekly)...
POSSIBLE TARGETS IN THE WEEK

LONGS/PullBack/retracement levels (1.3575; 1.3609)

SHORTS (1.3525; 1.3500; 1.3460; 1.3408)

Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
Quoting Bones
{quote} hi Nav ,they banned it in the uk for retail

why did they ban it..I have friend who just believes it will go up?
whats your thoughts on it..
Quoting Georginson
If there any certainty I see ahead, it's either 1.3200 or 1.3980 happens within 5 weeks (January 25th to February 28). Which do we get 1.3200 OR 1.3980 by or before February 28, 2022?
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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H4 Supply Demand Zones.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting Bones
{quote} it is logical but not reliable ,2020 bitcoin had an halving 2020 $ tanked,2021 bitcoin rallied bitcoin is fatally flawed because of stable coins like tether if stocks fall those stable coins will likely go bust ,then bitcoin could go up after from a much lower level Its a bit like comparing fed chat with $ when the environment is completely different ,we have inflation not seen for 39 years whatever the fed do it won't be enough to curb it and its highly likely something will blow up before they get there thats not a guess because they carry...
Yep I get you.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting Kwt4x
retail traders: don't have to file a report for COT, small shares = dump money non-commercial: have to file daily report for COT, have no direct business interests in the commodity(profit motive), large positions = smart money commercial: have to file daily report for COT, direct business interests in the commodity, hedge for protection(defensive motive) = nothing smart about that cheers,

  1. Commercial traders (Hedgers)
  2. Non-commercial traders (Large Speculators)
  3. Retail traders (Small Speculators)

Basically follow the Large Trader or also known as Non Commercial Trader.
Commercial Traders safeguard the opposite side, when chart gap is furthest away between them, trade is called extreme and reversal is happening.
You will be making good pips by only following the large trader.

I find this info very useful, follow the pages
https://www.babypips.com/learn/forex...ading-strategy

Staying positive
Stocks have def. maxed out at the ext point.
If we get to the 50 fib retrace, buy the dip Fed signals could well start to appear
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Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting Jolita
{quote} Commercial traders (Hedgers) Non-commercial traders (Large Speculators) Retail traders (Small Speculators) Basically follow the Large Trader or also known as Non Commercial Trader. Commercial Traders safeguard the opposite side, when chart gap is furthest away between them, trade is called extreme and reversal is happening. You will be making good pips by only following the large trader. I find this info very useful, follow the pages https://www.babypips.com/learn/forex...ading-strategy
I don't get it.
The comparison charts provided by Kuroro, show non-commercials load up heavy shorts at the bottom and heavy longs at the top.
I don't think we should do the same.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting kuroro001
{quote} Nope sir, its the opposite, for sure Check charts below, and tell me about it On the left yellow commercials aka smart money On the right green non commercials aka dumb money Lets look at the non commercial (green chart). So for you, the smart money is going long on top, and short on bottom ? They aren't that smart But we agree that both smart and dumb money can be right and wrong {image}
Looking at the dynamics of two curves: price and long positions - dealers add to longs in a downtrend and vice versa
so the correlation is negative
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While it's positive for positions of non-commercials from Legacy report
https://www.forexfactory.com/thread/...2#post13419322
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Quoting trumps
{quote} I don't get it. The comparison charts provided by Kuroro, show non-commercials load up heavy shorts at the bottom and heavy longs at the top. I don't think we should do the same.
Kuroro report wasnt filtered to show all traders at once.

I was refering to COT report template example on Babypips.
Staying positive
Does anyone have COT Graph indicator to share please?
Staying positive
Quoting Jolita
{quote} Commercial traders (Hedgers) Non-commercial traders (Large Speculators) Retail traders (Small Speculators) Basically follow the Large Trader or also known as Non Commercial Trader. Commercial Traders safeguard the opposite side, when chart gap is furthest away between them, trade is called extreme and reversal is happening. You will be making good pips by only following the large trader. I find this info very useful, follow the pages https://www.babypips.com/learn/forex...ading-strategy
thanks Jolita,

I've done COT reports years ago but found out it's more like long term swing trading, so I left it for math and time-trading since I can get direction for daytrading.

cheers,
Quoting Jolita
Does anyone have COT Graph indicator to share please?
https://www.tradingview.com/script/1...egacy-Metrics/
Choose 'Auto' in COT Selection Mode for automatic data retrieval for current ticker. Other settings are up to you
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Quoting W0lfram
{quote} https://www.tradingview.com/script/1...egacy-Metrics/ Choose 'Auto' in COT Selection Mode for automatic data retrieval for current ticker. Other settings are up to you{image}{image}
Thanks a lot!
Staying positive
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