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GBP/JPY

  • #2,041
  • Apr 24, 2020 3:28am Apr 24, 2020 3:28am
Quoting adam.green
{image}
I agree with the daily bearish candle but I just didn't like the way it moves so tricky. maybe more patience needed until its really show the sell momentum god knows lets see
  • #2,042
  • Apr 24, 2020 4:05am Apr 24, 2020 4:05am
5 times bouncing from the trend

that's annoying
Attached Image (click to enlarge)
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  • #2,043
  • Apr 24, 2020 4:07am Apr 24, 2020 4:07am
Quoting msniper
5 times bouncing from the trend that's annoying {image}
Everything is screaming 'fall' but somehow it remains to be stubborn and erratic.. need to take some patience pills because as soon as I give up, it's going to fall like a rock as usual
Trade what you see, not what you think.
  • #2,044
  • Apr 24, 2020 4:10am Apr 24, 2020 4:10am
Quoting msniper
5 times bouncing from the trend that's annoying {image}
I agree its a bit stuck. Only a bearish flag.
  • #2,045
  • Apr 24, 2020 4:18am Apr 24, 2020 4:18am
Quoting karmostaji
{quote} Everything is screaming 'fall' but somehow it remains to be stubborn and erratic.. need to take some patience pills because as soon as I give up, it's going to fall like a rock as usual
hahaha I totally agree bro
  • #2,046
  • Apr 24, 2020 4:33am Apr 24, 2020 4:33am
lets take a look at these 4 currencies
they area all closing below 4h gann line only GJ is being stubborn !

only explanation GJ is faking and soon it will dump and close below it
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  • #2,047
  • Apr 24, 2020 12:17pm Apr 24, 2020 12:17pm
tue JPY interest rate
Wed USD interest rate
Thu EUR interest rate

this is why market is slow maybe
  • #2,048
  • Apr 25, 2020 5:08am Apr 25, 2020 5:08am
Hi all,

From my point the price is in bearish sentiment. I have opened short postion after break channel. The price rejected twice kijun line. We will see what happen in next week.

SIncerely
Kef
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  • #2,049
  • Apr 26, 2020 3:12am Apr 26, 2020 3:12am
Long term GBPJPY

Attached Image
COT: The precious data ignored
  • #2,050
  • Apr 26, 2020 5:26am Apr 26, 2020 5:26am
Quoting kuroro001
Long term GBPJPY {image}
Hi Kuroro001

Interesting, I have looked what does mean COT. Where can I to find more information about COT and how it use in practise? I think it can be helpful to trade with the trend when you see how big players behave on markets.

Thank you

Sincerely
Kef
  • #2,051
  • Apr 26, 2020 9:31am Apr 26, 2020 9:31am
Quoting kuroro001
Long term GBPJPY {image}
I think ur chart says GJ is bullish.

but does it say it can drop 200 to 400 pips before it can fly ?
  • #2,052
  • Apr 26, 2020 9:44am Apr 26, 2020 9:44am
Quoting msniper
{quote} I think ur chart says GJ is bullish. but does it say it can drop 200 to 400 pips before it can fly ?
I think asset manager need to drop again.

CMIIW (correct me if im wrong)
  • #2,053
  • Apr 26, 2020 9:52am Apr 26, 2020 9:52am
Quoting msniper
{quote} I think ur chart says GJ is bullish. but does it say it can drop 200 to 400 pips before it can fly ?

Very true, it says positionning is getting extreme on the downside. But it still can fall in order to collect more longs

Technical side comes into play
COT: The precious data ignored
  • #2,054
  • Apr 26, 2020 10:00am Apr 26, 2020 10:00am
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  • #2,055
  • Apr 26, 2020 10:49am Apr 26, 2020 10:49am
the possible Elliott waves scenario I am thinking about
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  • #2,056
  • Apr 27, 2020 4:07am Apr 27, 2020 4:07am
Quoting karmostaji
{quote} Everything is screaming 'fall' but somehow it remains to be stubborn and erratic.. need to take some patience pills because as soon as I give up, it's going to fall like a rock as usual
Still expecting to see 128.50 area, but first it needs to break the stubborn support around 132.50 area.
Trade what you see, not what you think.
  • #2,057
  • Apr 27, 2020 7:23am Apr 27, 2020 7:23am
Quoting Kef
{quote} Hi Kuroro001 Interesting, I have looked what does mean COT. Where can I to find more information about COT and how it use in practise? I think it can be helpful to trade with the trend when you see how big players behave on markets. Thank you Sincerely Kef
Raw datas here : cftc.gov

Else check here :
barcharts.com
cotunchained.com
freecotdata.com

etc..
COT: The precious data ignored
  • #2,058
  • Apr 28, 2020 3:40am Apr 28, 2020 3:40am
Quoting kuroro001
{quote} Raw datas here : cftc.gov Else check here : barcharts.com cotunchained.com freecotdata.com etc..

Hi Kuroro001,

Thank you

@ Kuroro001 - I have tried to write on your thread but as Junior Member I have no the possibility to do it. What is your experience using COT data? I will do my homework. Maybe COT add positive value in strategy.

With reference to GBP/JPY, JPY seems to be more weaker,GBP more stronger. For me market is not decided which the side.


Thank you

SIncerely
  • #2,059
  • Apr 28, 2020 4:50am Apr 28, 2020 4:50am
L GY 133.25 TP 133.42
  • #2,060
  • Apr 28, 2020 5:01am Apr 28, 2020 5:01am
Quoting Kef
{quote} Hi Kuroro001, Thank you @ Kuroro001 - I have tried to write on your thread but as Junior Member I have no the possibility to do it. What is your experience using COT data? I will do my homework. Maybe COT add positive value in strategy. With reference to GBP/JPY, JPY seems to be more weaker,GBP more stronger. For me market is not decided which the side. Thank you SIncerely
Hello

You're welcome

It adds positive value only if you trade long term and don't day trade.

Trading COT is not perfect and you need to be ready to have 500 pips drawdown (if you trade GBPJPY) to get a return of more than 1000 pips.
Trading COT you need to do like those market participants are doing, aka adding more positions on the way up/down. So its like increasing slowly and steadily a position in order to have one or two big ones before the move happens.

And looking at it, GBP is getting stronger (dealers are accumulating longs), while JPY is getting weaker (dealers are accumulating shorts).

You need to be patient, it doesn't happen overnight
COT: The precious data ignored
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