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Cable Update (GBPUSD)

  • #510,421
  • Jan 31, 2020 5:34pm Jan 31, 2020 5:34pm
hence forth my set up in 15 min chart will look like this. for trading.

This is with asian box break out with trend 15 min, 30 min, hourly and 4hr.
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Intraday only.
  • #510,422
  • Feb 1, 2020 2:17am Feb 1, 2020 2:17am
Quoting msniper
{quote} why do you want the long to be reduced !!! long reduce that's mean more upside for GU u need more long ratio for small traders so the market maker will do apposite of them
On the chart i posted its different, it englobes smart and dumb money. Overall it prints high reading, meaning GBP is overextended.
The fact prices are going up while longs being reduced could mean they are not interesting in the upside.

Something you won't see on this chart is a big rise up in prices with longs going negative

I'll still look for opportunities to sell rallies, GBP and EURO.

I may start selling next week depending on the PA
COT: The precious data ignored
  • #510,423
  • Edited 3:03am Feb 1, 2020 2:44am | Edited 3:03am
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yes yes yes
  • #510,424
  • Feb 1, 2020 3:32am Feb 1, 2020 3:32am
Quoting kuroro001
{quote} On the chart i posted its different, it englobes smart and dumb money. Overall it prints high reading, meaning GBP is overextended. The fact prices are going up while longs being reduced could mean they are not interesting in the upside. Something you won't see on this chart is a big rise up in prices with longs going negative I'll still look for opportunities to sell rallies, GBP and EURO. I may start selling next week depending on the PA
for sure the rise is not a trap and the best thing is to short but I mentioned 3 weeks ago best area to sell is between 1.33 to 1.34

and the target would be between 1.24 to 1.27 god knows lool
  • #510,425
  • Feb 1, 2020 7:49am Feb 1, 2020 7:49am
Quoting Ponimin2000
My imagination {image}
Now my dream come true..lol...
  • #510,426
  • Feb 1, 2020 8:56am Feb 1, 2020 8:56am
seeing big entries next week might start early monday at 1.32300? sell he fact right?
cheers and good luck to allya mates
Let me fill my acount wallet then will take Ur advice
  • #510,427
  • Feb 1, 2020 9:08am Feb 1, 2020 9:08am
Quoting rafat habeb
seeing big entries next week might start early monday at 1.32300? sell he fact right? cheers and good luck to allya mates
More likely a gap down.
Everyone can see the chart, but only a few can actually read it.
  • #510,428
  • Feb 1, 2020 9:25am Feb 1, 2020 9:25am
Quoting OnlineAddict
{quote} More likely a gap down.
more likly will help here is a link from ig weekend trade virtual, good luck
https://www.ig.com/uk/indices/market...ekend%20GBPUSD
Let me fill my acount wallet then will take Ur advice
  • #510,429
  • Edited 12:14pm Feb 1, 2020 11:42am | Edited 12:14pm
Gu daily support-resist-1.30960,h4 support-1.30880.1h support-1.31420 for a moment.H4 support stays under daily support.GU touched H4 channel 2 times .But didnt touch lower channel even in a very strong trend up Gu did it.So wait.1.29590.Channel h4 up-it reached 1.32000(second time).Daily channel up(but i dont believe it can touch)-1.33420
  • #510,430
  • Feb 1, 2020 12:28pm Feb 1, 2020 12:28pm
GBP is gonna be very volatile for a while be careful and choose your entries wisely.
instagram: stepbystepforex
  • #510,431
  • Feb 1, 2020 1:16pm Feb 1, 2020 1:16pm
Quoting rafat habeb
{quote} more likly will help here is a link from ig weekend trade virtual, good luck https://www.ig.com/uk/indices/market...ekend%20GBPUSD

91% of IG WEEKEND traders are short! While i guess that IG weekend trading is fully internal at IG only, interesting number :-)
  • #510,432
  • Edited Feb 2, 2020 5:20am Feb 1, 2020 11:45pm | Edited Feb 2, 2020 5:20am
waiting for "down candle" for reversal confirmation
Attached Image (click to enlarge)
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  • #510,433
  • Feb 2, 2020 2:46am Feb 2, 2020 2:46am
According to the live data, i will return to break even with my positions at the beginning of the trading week .
my average entry is about 1.31860, and you can see that the price has already encountered a resistance of 1.32118 over the weekend and dropped
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yes yes yes
  • #510,434
  • Feb 2, 2020 4:07am Feb 2, 2020 4:07am
Bullish still dominan
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  • #510,435
  • Feb 2, 2020 4:38am Feb 2, 2020 4:38am
Usdx on daily...
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  • #510,436
  • Feb 2, 2020 4:43am Feb 2, 2020 4:43am
Quoting Moty
According to the live data, i will return to break even with my positions at the beginning of the trading week . my average entry is about 1.31860, and you can see that the price has already encountered a resistance of 1.32118 over the weekend and dropped {image} {image}
Be greedy this time, don't close the short too early, on monday.
Everyone can see the chart, but only a few can actually read it.
  • #510,437
  • Edited 5:20am Feb 2, 2020 4:57am | Edited 5:20am
Quoting Moty
{quote} You also have the channle on 5m chart. Btw ,what is your tp ? Don't go to the weekend with those positions,very denserous {image}
Sorry for my late answer, You are right, the weekend was very dangerous, so i put my TP on safe price (see picture bellow)
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  • #510,438
  • Feb 2, 2020 5:53am Feb 2, 2020 5:53am
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  • #510,439
  • Feb 2, 2020 9:41am Feb 2, 2020 9:41am
#GBPUSD / H4 / Four Counters
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  • #510,440
  • Feb 2, 2020 11:15am Feb 2, 2020 11:15am
#GBPUSD has been confusing traders with its #ukelections #brexit fundamentals, price action and consolidation. in this video we look at all reasons why I think it is about to go down. Hint: Hammer on monthly timeframe suggesting more downside in a short while?

Inserted Video
Technical Analyst & Trader @ Vikinsa
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