Cable Update (GBPUSD)

Quoting Crypt

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{quote} Are you expecting a bearish continuation or a retracement? if you don't mind me asking.

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Quoting donfriday

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{quote} Bro we've been doing this for years to be caution of move like this......nice write up

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Quoting malcolmb14

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{quote} One thing I have learnt in my years of trading is that a trend can continue longer than you think it will . we could go up 1000 pips before we find out that Brexit news was bs ... can you withstand that kind of draw down ? As my video early says we may be forming multi year lows Anyway forget all that . Fact is 4 hour is now in an uptrend and a very strong one at that with the biggest move in months why would you be selling the up move currently ? You think you can beat the Bank of England and their billions ? Its a good way to wipe out...

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Quoting malcolmb14

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{quote} Don you still kicking around in here all these years later ? I did not post for ages and ages .. yeah i I would like to see a down move and see price reaction to that trading using volume spread analysis these days essentially price and volume only around keys level

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Quoting HaLBot

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{quote} As they say picture tells a thousand words... Daily supported by 100sma and resisted by 200sma.....one day I'll be able to see all that b4 it rises 3.75% {image}

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Quoting malcolmb14

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{quote} It was clear and this is how smart money works at 1 we had buyers... see the wicks on the bottom of the candles at 2 they tested that buying i had had been a bit bullish on gbp for a couple of weeks now but missed lift off was was focused on Dow and Dax which have had insane movements last two weeks {image}

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Quoting malcolmb14

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{quote} One thing I have learnt in my years of trading is that a trend can continue longer than you think it will . we could go up 1000 pips before we find out that Brexit news was bs ... can you withstand that kind of draw down ? As my video early says we may be forming multi year lows Anyway forget all that . Fact is 4 hour is now in an uptrend and a very strong one at that with the biggest move in months why would you be selling the up move currently ? You think you can beat the Bank of England and their billions ? Its a good way to wipe out...

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Quoting HaLBot

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{quote} You know you mentioned something I never considered b4 that B.O.E actually will be trading the countries currency, makes a whole lotter sense cause if they are smart about it could add billions to countries bottom line....

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Quoting malcolmb14

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{quote} There are are a few major players in all markets Governments .. aka Bank of England etc major banks and trading house ( Citibank , Deutsche bank etc, Goldman Sachs) major hedge funds major corporations .. Apple Samsung etc retial traders make up a very very small percent of overall volume on the market

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Quoting HaLBot

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{quote} You know you mentioned something I never considered b4 that B.O.E actually will be trading the countries currency, makes a whole lotter sense cause if they are smart about it could add billions to countries bottom line....

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Quoting asgcorp

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been enjoying the show since you shorted near 2240, before GU started to pump. You must be trading with a 7 figure account. {image}

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Quoting malcolmb14

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{quote} There are are a few major players in all markets Governments .. aka Bank of England etc major banks and trading house ( Citibank , Deutsche bank etc, Goldman Sachs) major hedge funds major corporations .. Apple Samsung etc retial traders make up a very very small percent of overall volume on the market

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Quoting htcone

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{quote} major corporations are net long...they do not matter much since they are not in the market to speculate but hedge their currency exposure... on the other hand, non commercials , in other words banks which takes speculative positions are net shorts... they are the one who always win...they are the one, one should be following...

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Quoting RobyTurboSS

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{quote} Cycle vs Trend vs Rally ..... the market will rally if the cycle will allow this ....the market will trend if the cycle will allow this .... all the Friday gains + interests will be lost next week because the new cycle who started just before Friday close won't allow any bull gains....simple as that.Stay tuned and enjoy the show.Possible gap down on Monday open will consolidate more this concept.Most likely GBPUSD will end bellow 1.20 in 2 weeks.

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Quoting p1rate

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little bit messy but i think the message is clear. Volume confirming the recent bottom. Lots of confluence in that rectangle around 27ish. equal legs move plus its a little more than 50 back from the recent swing to the 9/19 low. Ideally id like to see a pullback to that 2340 level. Maybe Sun or Monday. If so im loading the boat and looking for 2650+ {image}

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Quoting htcone

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{quote} if you take into consideration net positioning of both commercials aka major corporations and non commercials aka banks their positioning is more longs than shorts...52.5 % longs and 47.5% shorts...but that is not a correct way to put this out as per my knowledge...

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Quoting donfriday

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{quote} still here bro, only few from those years still remain here.. 1.27 - 1.28 is a critical point i will be looking for rejection this area.. You have been VSA for many years and so proud of you. How is Canada and your boy? a Man now i guess

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