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Cable Update (GBPUSD)

  • #575,301
  • Jan 31, 2021 9:04am Jan 31, 2021 9:04am
4H the same, a good SHORT entry could be breakout .3680
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  • #575,302
  • Jan 31, 2021 9:21am Jan 31, 2021 9:21am
Quoting helioss
COT ANALYSYS: SMART MONEY HAVE INCREASED SHORT POSITION ON: GBP, AUD, NZD, JPY SMART MONEY HAVE INCREASED LONG POSITION ON: EUR, CHF, CAD So i'm think WEAKNESS on CABLE NEXT WEAK with LOW < FRIDAY CLOSED Have a nice weekend & stay safe {image}
Hmm helios. How is Things.

INCREASED LONG POSITION ON: CAD --- IS WHAT I WANT TO KNOW

DOES THIS MEAN USDCAD BEARISH BECAUSE LONG CAD OR BULLISH USDCAD
  • #575,303
  • Jan 31, 2021 9:23am Jan 31, 2021 9:23am
Quoting TrTT
{quote} Hmm helios. How is Things. INCREASED LONG POSITION ON: CAD --- IS WHAT I WANT TO KNOW DOES THIS MEAN USDCAD BEARISH BECAUSE LONG CAD OR BULLISH USDCAD
Exactly, it means that CAD should be STRONG, so USDCAD should go DONW
  • #575,304
  • Jan 31, 2021 9:27am Jan 31, 2021 9:27am
Quoting pipprincess
I've just closed the short from 740 @ 699 for +41. It was moving stupid and nearly market close so that's enough for me, things can be assessed again on Monday morning. Btw what do traders think of this channel? I feel like the shorts are more laboured than the longs, which make decisive moves and hit targets quickly. But the consensus (only from things I've read in the last days) is that it will break to the downside? {image}
Well When you gotta go.... you gotta go

HAHA
  • #575,305
  • Jan 31, 2021 9:38am Jan 31, 2021 9:38am
Quoting helioss
{quote} exactly, it means that cad should be strong, so usdcad should go donw
HAHA VERY NICE. I AM AWAITING TPS DOWN HAHA

SEE YOU
  • #575,306
  • Jan 31, 2021 9:41am Jan 31, 2021 9:41am
Next Week is Loaded With News.

GBPUSD Hail the Queen Please Could Break to the Upside. I Expect Hard Move

Lets See How It Goes
  • #575,307
  • Jan 31, 2021 9:46am Jan 31, 2021 9:46am
GBPUSD && Gold both bullish on monday
in wondering about yourself, you forgot what you came here to be part of
  • #575,308
  • Jan 31, 2021 10:55am Jan 31, 2021 10:55am
Dig some data too (from Oanda MT4 history).
Usually Feb has less range/volume than Jan.
But last year there was minimum range since 1994 - 276 pips; and this January we have 308 pips. Median is 647 pips.
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It can be seen from the paired barchart below that if there was a relative small range in January compared to previous years, in February it is higher than in January of the same year. If count range < 500 pips - 5 times out of 6. So, with probability 0.83 (83%) this Feb range will beat Jan.
Feb median range - 529 pips
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Air force
  • #575,309
  • Jan 31, 2021 11:11am Jan 31, 2021 11:11am
Quoting gatenio
{quote} i didnt bought it today, but idk what the real direction right now.. all pairs drive like drunk
https://www.zerohedge.com/markets/re...squeeze-silver

For u
Twitter: Rummer_grapes
  • #575,310
  • Jan 31, 2021 1:14pm Jan 31, 2021 1:14pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Bacco
{quote} https://www.zerohedge.com/markets/re...squeeze-silver For u
Buy xag
Realy i dont know if is it possible. Lets see
Studing..............
  • #575,311
  • Jan 31, 2021 1:14pm Jan 31, 2021 1:14pm
Quoting KiwiTrada
... nothing compared to the 2 week dump mid March prior, she has taken 19weeks to fade that dump, and site sentiment is worthless...

I was referring to up moves not down moves in my post, but yes that dumping of £ in March was heavy - a particularly exceptional event in an environment of a growing frequency of exceptional events. Re the site sentiment - not completely worthless - I was referring to it as a potential contrary indicator, ie the more retailers getting long the better it might be to get short, lol.
Trader with an Edge.
  • #575,312
  • Jan 31, 2021 1:31pm Jan 31, 2021 1:31pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
In my humble opinion, I think this shit that the "reddit retarded's" are doing with GME, will cause some panic in the market tomorrow, raising the price of usd.
It sounds crazy, but what's going on, it could unleash a fucked up market crash.
I look forward to seeing what happens.
Studing..............
  • #575,313
  • Jan 31, 2021 2:03pm Jan 31, 2021 2:03pm
Quoting Rgkc
In my humble opinion, I think this shit that the "reddit retarded's" are doing with GME, will cause some panic in the market tomorrow, raising the price of usd. It sounds crazy, but what's going on, it could unleash a fucked up market crash. I look forward to seeing what happens.
But wait, there is more!



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It takes a lot for me to IGNORE you, but you can try.
  • #575,314
  • Jan 31, 2021 2:27pm Jan 31, 2021 2:27pm
Quoting Rgkc
In my humble opinion, I think this shit that the "reddit retarded's" are doing with GME, will cause some panic in the market tomorrow, raising the price of usd. It sounds crazy, but what's going on, it could unleash a fucked up market crash. I look forward to seeing what happens.
Hedge fund have to cover the loss selling their winning position= market in red.
And the squeeze didn't happen yet. So far....gme +1600%.
Next weeks are gonna be tough. and the most sad thing.....now brokers have restricted the leverage for gme. Is 1:1
Reddit retarded are my heros.
Twitter: Rummer_grapes
  • #575,315
  • Jan 31, 2021 2:29pm Jan 31, 2021 2:29pm
Quoting Rgkc
{quote} Buy xag Realy i dont know if is it possible. Lets see
Very very hard. As they said....is the most manipulated market.....

But is gonna be weird week for dollar if they manage to move gold and silver

USA index down=dollar up
Precious metal up= dollar down
Twitter: Rummer_grapes
  • #575,316
  • Jan 31, 2021 2:33pm Jan 31, 2021 2:33pm
Hi erebus, will be watching XRP like a hawk at 13.30gmt, thank you for all the info you post, been lurking on here a while, but haven't replied to a post until now
find a way to make money in your sleep or you work until you die
  • #575,317
  • Jan 31, 2021 2:45pm Jan 31, 2021 2:45pm
Pre-market suggesting USD strength...
  • #575,318
  • Jan 31, 2021 2:46pm Jan 31, 2021 2:46pm
Quoting Bacco
{quote} https://www.zerohedge.com/markets/re...squeeze-silver For u
So funny bacco, after you mention wbs i see it everywhere.
Probably that what happen that im focus on the charts all day and night.
This is the only thing i know.
  • #575,319
  • Jan 31, 2021 3:39pm Jan 31, 2021 3:39pm
I expect further bearish pressure on GBPUSD this week. Here's why, from the technical perspective of a swing trader. GBPUSD price action on the daily time frame is printing topping candlesticks at a confluence of the 1.37220 horizontal resistance (red) and the resistance trendline of a rising wedge (red) seen on the weekly time frame. This technically portends the likelihood of a bearish turnaround from the area.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #575,320
  • Edited 4:10pm Jan 31, 2021 4:00pm | Edited 4:10pm
Edit....I just looked back above and saw that Bacco already shared the zero hedge article. Here is a link to a video about the silver market and the reddit issue. And an article about run on silver coins.

https://www.bnnbloomberg.ca/silver-r...oins-1.1556949

Inserted Video



Quoting Bacco
{quote} Very very hard. As they said....is the most manipulated market..... But is gonna be weird week for dollar if they manage to move gold and silver USA index down=dollar up Precious metal up= dollar down
https://www.zerohedge.com/markets/re...squeeze-silver

"In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.
In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).
However, everyone we talk to is afraid of a gap up at Sunday night market open.
This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close."
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