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Cable Update (GBPUSD)

  • #573,721
  • Jan 24, 2021 6:17pm Jan 24, 2021 6:17pm
Quoting helioss
I have analyzed COT on last 12 months. I choose only SMART MONEY position. I try this simple rule: - if SMART MONEY goes LONG, i see if HIGH NEXT WEEK was HIGHER than CLOSE CURRENT WEEK - if SMART MONEY goes SHORT, i see if LOW NEXT WEEK was LOWER than CLOSE CURRENT WEEK Results: 100% signals GOOD Average pips HIGH/LOW from PREVIOUS CLOSE: 145,6pips So this week on GBP we have a LONG SIGNAL, so HIGH NEXT WEEK will BE HIGHER than FRIDAY CLOSE (1.3680) {image}
what website you getting this data from?
  • #573,722
  • Jan 24, 2021 6:53pm Jan 24, 2021 6:53pm
A quick summary for the week and month end, I say 1.3740s is a crucial level, a base above might not mean holding on a strong resistance @1.3770s but might open the door to clear it on the way to 1.3850s and that will be very strong move on monthly.

On downside, around 1.3620 is a strong support then comes 100pips down 1.3520, any further fall and base below there this week might mean change of trend for next month/s

IMO, falling below 1.3390s is not in the cards and 1.3740-70s seem strong resistance zone

Play your cards right...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #573,723
  • Jan 24, 2021 9:56pm Jan 24, 2021 9:56pm
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yes yes yes
  • #573,724
  • Jan 24, 2021 10:00pm Jan 24, 2021 10:00pm
Quoting Moty
{image}{image}
I enter short with your analysis :')

OP 1.370 - TP 1.367
fflush was here
  • #573,725
  • Jan 24, 2021 10:12pm Jan 24, 2021 10:12pm
Attached Image (click to enlarge)
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yes yes yes
  • #573,726
  • Jan 24, 2021 10:18pm Jan 24, 2021 10:18pm
Quoting fflush
{quote} I enter short with your analysis :') OP 1.370 - TP 1.367
better wait for break of last h4 candle low
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yes yes yes
  • #573,727
  • Jan 24, 2021 10:39pm Jan 24, 2021 10:39pm
Quoting Moty
{quote} better wait for break of last h4 candle low {image}
I have opened the order without SL, if it reached top. Will open another layer
fflush was here
  • #573,728
  • Jan 24, 2021 10:48pm Jan 24, 2021 10:48pm
1.3707 should be a good place to sell today.

Trade safe everyone!
  • #573,729
  • Jan 24, 2021 11:05pm Jan 24, 2021 11:05pm
Selling here @ 1.3704, SL 1.3715 and TP 1.3585
  • #573,730
  • Jan 24, 2021 11:09pm Jan 24, 2021 11:09pm
Quoting fxmasterdxb
Selling here @ 1.3704, SL 1.3715 and TP 1.3585
Now that is the mother of all R:Rs.
  • #573,731
  • Jan 24, 2021 11:12pm Jan 24, 2021 11:12pm
Quoting Kaysole
{quote} Now that is the mother of all R:Rs.
Hahaha thats the point, im taking a risk here as the trend is bullish, but the reward is crazy! Im willing to give away 11 pips for the chance of making approx 110 pips!
  • #573,732
  • Jan 24, 2021 11:15pm Jan 24, 2021 11:15pm
Quoting fxmasterdxb
{quote} Hahaha thats the point, im taking a risk here as the trend is bullish, but the reward is crazy! Im willing to give away 11 pips for the chance of making approx 110 pips!
If I ever came across such a situation, I would take it in a heartbeat as well.
  • #573,733
  • Jan 24, 2021 11:17pm Jan 24, 2021 11:17pm
I'm buying GBPUSD 2 hours after Australia Open, and I think will go to -34% or even -68% in my chart
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Become ambassador of happiness, Follow with your own risk
  • #573,734
  • Jan 24, 2021 11:37pm Jan 24, 2021 11:37pm
Morning Gang,

What are the chances of 1.3900 this week? Once we close above 1.37146 ..

Peace and Profit
SS
  • #573,735
  • Jan 25, 2021 12:06am Jan 25, 2021 12:06am
Who want to sell
  • #573,736
  • Jan 25, 2021 12:07am Jan 25, 2021 12:07am
Switch to longt target at least 1.37452
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yes yes yes
  • #573,737
  • Jan 25, 2021 12:07am Jan 25, 2021 12:07am
Quoting Onlytrader
Who want to sell
The Phoenix Trader....
  • #573,738
  • Jan 25, 2021 12:11am Jan 25, 2021 12:11am
Quoting Onlytrader
Who want to sell
a part of me feels this is a pump just to dump it... Waiting on london to see where we may be headed
  • #573,739
  • Jan 25, 2021 12:14am Jan 25, 2021 12:14am
Quoting JayBag
Morning Gang, What are the chances of 1.3900 this week? Once we close above 1.37146 .. Peace and Profit SS
Jay, you'd better gear yourself up for the drive down to at least 1.3630
  • #573,740
  • Jan 25, 2021 12:22am Jan 25, 2021 12:22am
Quoting Kaysole
{quote} Jay, you'd better gear yourself up for the drive down to at least 1.3630
Fair enough bud. However, long as we remain above 1.37146, I stick with the bulls.. Today’s candle looks like it may end a LONG green bull candle ..

Remember those one side Mondays? Could be facing one. London should help verify this by not retracing

Lets see
SS
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