More food for thought... increasing short positions on COT report.
The big boys move the market, we're just along for the ride.
The big boys move the market, we're just along for the ride.
Attached Image (click to enlarge)
2
Cable Update (GBPUSD)
- #515,822
- Apr 8, 2020 3:59am Apr 8, 2020 3:59am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #515,823
- Apr 8, 2020 4:02am Apr 8, 2020 4:02am
- Joined Jul 2015 | Status: Trader | 2,762 Posts
{quote} BE
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
- #515,824
- Apr 8, 2020 4:07am Apr 8, 2020 4:07am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #515,827
- Apr 8, 2020 4:22am Apr 8, 2020 4:22am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} yeh..GU in UGLY mode
H4 and H1 are not in agreement
thats the issue i think
in wondering about yourself, you forgot what you came here to be part of
- #515,828
- Apr 8, 2020 4:22am Apr 8, 2020 4:22am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #515,830
- Apr 8, 2020 4:27am Apr 8, 2020 4:27am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote} yeh..GU in UGLY mode
yes yes yes
- #515,833
- Apr 8, 2020 4:32am Apr 8, 2020 4:32am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
See attached. Advisably, only a brief directional trade may be taken. Any swing trader may have to step aside for now.
KP
KP
Cable is still sideways, check the D1 and H4 tfs. So, play it safe and don't commit to a directional momentum trade. KP
Do your homework, follow the footprints of smart money
- #515,834
- Apr 8, 2020 4:34am Apr 8, 2020 4:34am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #515,835
- Apr 8, 2020 4:41am Apr 8, 2020 4:41am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #515,836
- Apr 8, 2020 4:57am Apr 8, 2020 4:57am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
I am a swing trader, but often do intra-day trades. Here's how I will approach the GBPUSD intraday.
Probable breakout zone and targets:
present price action channel: 1.23435/1.23070 (sandy brown lines)
probable target for a northward breakout: 1.24780/1.25420 (magenta lines)
probable target for a southward breakout: 1.21690/1.20910 (light green lines)
I may be wrong.
KP
Probable breakout zone and targets:
present price action channel: 1.23435/1.23070 (sandy brown lines)
probable target for a northward breakout: 1.24780/1.25420 (magenta lines)
probable target for a southward breakout: 1.21690/1.20910 (light green lines)
I may be wrong.
KP
Do your homework, follow the footprints of smart money
- #515,837
- Apr 8, 2020 5:15am Apr 8, 2020 5:15am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #515,838
- Apr 8, 2020 5:19am Apr 8, 2020 5:19am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #515,839
- Apr 8, 2020 5:19am Apr 8, 2020 5:19am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #515,840
- Apr 8, 2020 5:24am Apr 8, 2020 5:24am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
