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Cable Update (GBPUSD)

  • #573,681
  • Jan 23, 2021 1:40pm Jan 23, 2021 1:40pm
Quoting ruben247
{quote} Moty, When your only tool is a hammer, all you see is a nail. If things happened repeatedly in fx, majority would be wealthy Something to ponder
the logic is to go long , that's why i am going short
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look at that , this is real crooky
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yes yes yes
  • #573,682
  • Jan 23, 2021 2:06pm Jan 23, 2021 2:06pm
Quoting salvomazzar
I read your posts regularly, looking at the graph I think a head and shoulder is being created on 4H, what do you think?
yes , i think it will drop
yes yes yes
  • #573,683
  • Edited 2:39pm Jan 23, 2021 2:29pm | Edited 2:39pm
GBPUSD. Weekly broadening... Broadening Wedge Bottoms...
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  • #573,684
  • Jan 23, 2021 2:39pm Jan 23, 2021 2:39pm
Moty my friend, thinking is not good enough. One needs to know, one needs to recognise patterns. At the end right or wrong one learns a lesson. I am impressed with you dedication,a word of advice follow larger time frames. You have the ability to stand on giants shoulders, you have the interest, determination and perseverance to be a great trader.
  • #573,685
  • Edited 3:27pm Jan 23, 2021 3:13pm | Edited 3:27pm
I'm studing my COT Table and i see a very interesting thing: SMART MONEY during last week have reduced 1% their OI SHORT on GBP-FX. On the contrary their OI LONGs aren't changed

This should be a BULLISH SIGNAL

ALERT CHF: closed many OI LONG, i think CHF will be weak next week
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  • #573,686
  • Jan 23, 2021 5:31pm Jan 23, 2021 5:31pm
This week the bears will have to endure final pain has price has very strong chance of attacking 1.3850/1.3880 area.

Note that failure to break 1.3580 makes 1.38 to be imminent this week, only a break of 1.3580 will invalidate 1.38 this week.

I will be buying from 1.3625/1.3640 area this week for a target of 1.38 only a break of 1.3580 will make me close my potential buy trades.

This week expected zones are 1.3620 - 1.3860

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #573,687
  • Jan 23, 2021 5:42pm Jan 23, 2021 5:42pm
gbpusd Penetrated all the resistors before it can only visit FIBO 61.8%
  • #573,688
  • Jan 23, 2021 5:43pm Jan 23, 2021 5:43pm
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  • #573,689
  • Jan 23, 2021 10:55pm Jan 23, 2021 10:55pm
Watching UFC now In North Korea

Alhamdulillah
  • #573,690
  • Jan 23, 2021 11:20pm Jan 23, 2021 11:20pm
Quoting helioss
OnCOT seems SMART MONEY buy GBP {image}
That chart is outdated. GBP was bullish on 01/19/2021.
But now, COT should show longs cashing out and shorts jumping in. We got a big dump coming on Monday.
You cannot fail if you never give up.
  • #573,691
  • Jan 24, 2021 1:04am Jan 24, 2021 1:04am
The daily and 4 hour chart point to a possible retracement in the Gbpusd, however the bigger picture for the week is support off the daily, weekly and monthly which will possibly push the Gbpusd to new highs.
  • #573,692
  • Jan 24, 2021 1:26am Jan 24, 2021 1:26am
Bear Monday i think but not a big drop.
Just some down before continuing up.
Could be wrong though.
in wondering about yourself, you forgot what you came here to be part of
  • #573,693
  • Jan 24, 2021 2:54am Jan 24, 2021 2:54am
Quoting 7154Superman
{quote} That chart is outdated. GBP was bullish on 01/19/2021. But now, COT should show longs cashing out and shorts jumping in. We got a big dump coming on Monday.
I based my analysis on real data of corse with all limits of delayed cot publication.

Nobody has Cristal Ball, we Will see, for sure until 01/19 smart Money were BULLISH
  • #573,694
  • Jan 24, 2021 3:02am Jan 24, 2021 3:02am
Quoting Moty
{quote} yes my strategy goes like that . i enter with full used margin , and if the trade goes in my favor , i am adding 0.01 lot trade when ever i get the free margin to add that
Yes, the GAMBLERS STRATEGY...

If it goes in your favour you add 0.01 lot AND
if it don't go in your favour what do you do bro?

Just wait until you receive the MARGIN call....
My goal is what keeps me going...
  • #573,695
  • Jan 24, 2021 4:09am Jan 24, 2021 4:09am
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #573,696
  • Jan 24, 2021 4:11am Jan 24, 2021 4:11am
+12 pips gap so far
  • #573,697
  • Jan 24, 2021 4:29am Jan 24, 2021 4:29am
hello all
a new article has been written of just a simple breakdown of some of my trades this week
5 trades on there with screenshots, for a total of around 100+ pips,
4 min read
any feedback would be great
hope all have had a good weekend

https://joeshrwood.medium.com/price-...s-fd944ffea43b

ps the platform I wrote on is where I journal etc, its all free to view

just thought id make it for the people who come here looking for help on technical analysis, trade breakdowns etc

Thanks
  • #573,698
  • Jan 24, 2021 5:42am Jan 24, 2021 5:42am
Quoting knkie
Bear Monday i think but not a big drop. Just some down before continuing up. Could be wrong though.
Breaking and closing below 1.36 is the key for continuation of the bullish move or completing the retrace to 1.33/1.32
  • #573,699
  • Jan 24, 2021 6:25am Jan 24, 2021 6:25am
Quoting fxmasterdxb
{quote} Breaking and closing below 1.36 is the key for continuation of the bullish move or completing the retrace to 1.33/1.32
agree
support should be found somewhere above 3580 for continuation up
in wondering about yourself, you forgot what you came here to be part of
  • #573,700
  • Jan 24, 2021 8:43am Jan 24, 2021 8:43am
Quoting Roszey
{quote} its just an application of the tick volume. Pipcenturion use it another form and i use it another form but same result. {image}One Volume to another.
Hey Roszey,
First let me say that I really love your chart.
Recently I was watching a video of a strategy and the chart looked pretty much of yours.
Unfortunally I can't review or go back to re-watch.
Can you enlight me if or style, where to start or so?
You pm me if you please.
Stay cool.
If you don't know how to earn money, don't loose it.
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