Cable Update (GBPUSD)

LOL that was good. But if so it would be the other way around. Most retails are (unfortunately) short.

my tp is 1.38441

some cheap shorts have been bought by the market on friday. friday's movement was suspicious and yes retail are short but retail dont matter much in any case. thats what wallstreetbets episode proved us. its what the large hedge funds want and what central banks shorts. at the moment boe are not sounding either hawkish or dovish.. so we have to see what the hedge funds want. it is banging against resistance at 3920. if we dont fall back to 3860 that may be hit soon.

new attack to .391/.3915

Stick to the plan PA still bullish

The hammer is not destroying the rocket yet

How To Kill A Bear With Your Bare Hands

Toxicity levels just started rising on this thread

drop of 11 pips then strong bull momentum, accumulation triangle in progress

Yep, not picking sides for now, could go either way at this point.

Moty it will shoot to 3970 first before correcting lower. R u prepared for that???

So better hedge it with a long position. And enter long in EUR/USD at 1.2132 for t/p 2190 s/l 1.2080.

UPDATE: ascending triangle on M15

Before jumping on the Buy USD button?
May I try to remind you, to wait, just for a one short day to close on the chart?

p.s. I would wait for two short days, not that two short days did work during the last 4-5 months, but still... This will, at least limit the number of SLs hit while trying to Buy the USD?

now the hammer is here

Tend to consider divergences as another bullshit

It's so funny... because GBP/USD looks really bullish, all expect a spike up. But when you look at main supporters (EUR/GBP, EUR/USD) you see no support for any lifting, even not to 1,3950. EUR/USD is on a turning point now, good short setup. Either Eur/Gbp or Eur/Usd has to lift up, I cannot see one of them doing that.

But the fun part ist, may be the GBP/USD is conolidating longer, showing weakness (no new highs etc.) and finally also in the technical analyse of GBP/USD is showing weakness so longs switch to short.

I like that big picture of all traders.

What makes trading on Forex so difficult is the dependency on other factors. I think everyone who can survive on Forex can easily make money on US-Market with stocks - as long as you are a trend trader.

The dependencies would also declare why candle stick patterns on forex work worse than on other trading instruments. I like that dependencies because sometimes you have a market edge because of that.

Let's short the GBP/USD. Now. -As i'm writing GBP/USD corrects accordingly. Good boyy...

22 min to a reasonable drop.?

Failed with LOW Volume....

The triangle was broken on the way down. Let's monitor and see if it continues the bearish drive.

if you are right," I quit my job and come and work for you"