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Cable Update (GBPUSD)

  • #507,241
  • Dec 29, 2019 2:57am Dec 29, 2019 2:57am
Quoting Ra.
{quote} this is awesome... thanks a bunch. Will spend some time making sense of it. ....and 40 minutes later i'm learning about swaps... particularly because I found a section on ERIS swaps... Got me thinking....could you gauge the strength/weakness of a currency based off of certain swap demands? Could it technically be another gauge for interest rates?
Swap dealers are the same as commercials. If you can understand how commercials work, swap dealers work the same way.

So i don't think it can be of any use to gauge interest rates of a currency, but if you find a way let me know
COT: The precious data ignored
  • #507,242
  • Dec 29, 2019 3:16am Dec 29, 2019 3:16am
Quoting krst8
{quote} yes this is great data! And even more i find it rather "scary" to see how clear it is that the retailers are in general always on the other side/wrong side of the institutional traders! :-( I also as a newbie find it interesting the way that positions appears to be buildup time by the institutions, as example this 20 years chart. Selling into the tops ahead and buying into the dips, but there is an overlap of keeping positions for a while until they get profitable, little bit longer time that i was expecting maybe, i am reading this correct...
For your first point :
If you want to see more clearly what the small specs do, check cotbase.com, but its a paying service.

For your second point :
You can't just take positions solely based on the COT, you need to use price action, oscillator, sentiment, whatever you like.
But you can see that very extreme positions often leads (if not always) to correction/reversal
And you need to know that commercials (red line) are very good at spoting highest/lowest point, and Large specs are bad at it, they are trend followers. They accumulate positions as we move in one direction

For your third point :

Check this FF thread, people are discussing the COT strategy, its better than to spam this GBP thread

https://www.energyexch.com/showthrea...0#post12679390
COT: The precious data ignored
  • #507,243
  • Dec 29, 2019 3:44am Dec 29, 2019 3:44am
GBPUSD continuing uptrend towards 350 pips up

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  • #507,244
  • Dec 29, 2019 5:15am Dec 29, 2019 5:15am
GBPUSD MULTIYEAR BREAKOUT
OVERALL GROUND 1.2
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  • #507,245
  • Dec 29, 2019 2:11pm Dec 29, 2019 2:11pm
#GBPUSD / Weekly, Daily & H4
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  • #507,246
  • Dec 29, 2019 3:26pm Dec 29, 2019 3:26pm
Check out my analysis of a recent large GBP/USD movement.

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instagram: stepbystepforex
  • #507,247
  • Dec 29, 2019 3:36pm Dec 29, 2019 3:36pm
If you are tracking the GBPUSD this week, consider this technical perspective.

Cable is operating in a positive mode but with limited momentum. On the weekly time frame, two weeks ago, price action printed a relatively big bearish candlestick to retest the significant 1.29820/1.28480 horizontal congestion area (bound by purple horizontal lines), near the breached falling trendline (blue) seen on the monthly time frame. Last week, the market printed a relatively small bullish candlestick from the zone. But this candlestick is not significant enough to flip the zone for a bullish drive and we may have to await further price action.

On the daily time frame, price action is on a northward mode but located near the 1.31190/1.32000 horizontal resistance zone (bound by magenta horizontal lines). So, we have to await further price action in the area.


I may be wrong. Trade safe and prosper.

I wish you all a successful and rewarding year 2020.

KP

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Do your homework, follow the footprints of smart money
  • #507,248
  • Dec 29, 2019 5:16pm Dec 29, 2019 5:16pm
Looks like gbp dont want to close in previuos MN candle.

BTW, maybe somebody knows where I can find currency strenght against other currencies? Oanda heatmap is too difficult. Some indicator i saw on forexsignals.com, but they want to subscribe.
  • #507,249
  • Edited 11:50pm Dec 29, 2019 10:12pm | Edited 11:50pm
Good morning, so goes underground and next support goes to 96 usdx. Good bounce areas but failed again to hold. Anyway still nice areas to bounce from next support weekly! So weekwise an apparent bottom forming activities /weekly ranges down for one last time for usdx.
So others likely continue up ranges! gbpusd likely test retest 3281 and 2947 and 2800 .Take care.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #507,250
  • Dec 29, 2019 10:45pm Dec 29, 2019 10:45pm
GBPUSD 1.3110
i think it will go down and we can got a profits now
One Day U Will Miss me!
  • #507,251
  • Dec 29, 2019 11:21pm Dec 29, 2019 11:21pm
Quoting aliqazi
GBPUSD 1.3110 i think it will go down and we can got a profits now
i don't see the sign of GBPUSD go down. May be tomorrow, the last day of this year.
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  • #507,252
  • Dec 30, 2019 12:03am Dec 30, 2019 12:03am
miss someone who always tell people try to sell and sell last week ... when he was so wrong ... he hiding ... (online ..a...)
  • #507,253
  • Dec 30, 2019 12:06am Dec 30, 2019 12:06am
Quoting FloatingCha
miss someone who always tell people try to sell and sell last week ... when he was so wrong ... he hiding ... (online ..a...)
ha ha..
you will see him when price start to drop as always
just for a cup of coffee...
  • #507,254
  • Dec 30, 2019 12:17am Dec 30, 2019 12:17am
lots of bulls around..
i’m with bears
come on bears
give some action please
just for a cup of coffee...
  • #507,255
  • Dec 30, 2019 12:28am Dec 30, 2019 12:28am
Quoting zoolc
{quote} i don't see the sign of GBPUSD go down. May be tomorrow, the last day of this year. {image}
Hope you've taken your profit. PA has begun heading southwards
  • #507,256
  • Dec 30, 2019 12:45am Dec 30, 2019 12:45am
The old H1 swing average at 3095 appears to be the next port of call. If the bulls don't halt the trip there, the DP at 3056 will beckon
  • #507,257
  • Dec 30, 2019 12:57am Dec 30, 2019 12:57am
Quoting zoolc
{quote} i don't see the sign of GBPUSD go down. May be tomorrow, the last day of this year. {image}
trading forex sometimes same we at a tallest building..
one from downside watching at upside
one more from upside watching at downside
cheers..
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just for a cup of coffee...
  • #507,258
  • Dec 30, 2019 1:27am Dec 30, 2019 1:27am
Quoting vaidas7777
Looks like gbp dont want to close in previuos MN candle. BTW, maybe somebody knows where I can find currency strenght against other currencies? Oanda heatmap is too difficult. Some indicator i saw on forexsignals.com, but they want to subscribe.
I know what you mean. Try this
http://www.livecharts.co.uk/currency-strength.php
  • #507,259
  • Dec 30, 2019 2:20am Dec 30, 2019 2:20am
Quoting aliqazi
GBPUSD 1.3110 i think it will go down and we can got a profits now
For the time being it will not go down... Wait some more time...
  • #507,260
  • Dec 30, 2019 2:22am Dec 30, 2019 2:22am
My analysis:

https://www.tradingview.com/chart/GB...ekly-Analysis/

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Technical Analyst & Trader @ Vikinsa
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