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Cable Update (GBPUSD)

  • #582,421
  • Mar 5, 2021 4:21pm Mar 5, 2021 4:21pm
she died at 1.3853


Inserted Video



one position left
Attached Image (click to enlarge)
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dolce vita
  • #582,422
  • Mar 5, 2021 4:49pm Mar 5, 2021 4:49pm
Quoting Ilvez
Interesting entries, some of those in good DD. Would you care to explain your strategy? {quote}

to say the true I have no the "exact" strategy.., probably we could call it "scalping" (?!)

I look at charts
I check some numbers (PP, Fib, etc.)
I am looking for reverse point (mostly)..,
I hate trend

about DD...
I know what I can loose and I try to stick to it
dolce vita
  • #582,423
  • Edited 5:57pm Mar 5, 2021 5:35pm | Edited 5:57pm
Quoting Theoak
{quote} Looked at the chart and slashing and increasing the rate had the same effect on the stock market it went up! When the economy is booming the governments take the credit. When it's not booming it always something else.
the market knows they can't go up ,until something breaks
-googled chart attached
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #582,424
  • Edited 8:38pm Mar 5, 2021 5:44pm | Edited 8:38pm
Quoting Bones
you cannot change it even on NFP {image}
shooting star + confirm ,you could not change it
even at that time

Data is v green and will go greener any more helicopter drops, should be able to prove it in real time.
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #582,425
  • Mar 5, 2021 6:21pm Mar 5, 2021 6:21pm
Quoting Olabanji-Tex
Hello everybody, Please does anybody know why the non-farm payroll news did not move the GBPUSD market that much? I thought the price would go down because the news favors USD. Maybe some other factors are to be considered. Maybe some other fundamentals are at play here. Please can anyone explain the current movement on the GBPUSD chart? Thank you.
Because GBP is a RISK-ON currency and the stock market had a monster rally today. GBP/USD will usually move up and down with stocks in a positive correlation.
Be humble or be humbled.
  • #582,426
  • Mar 6, 2021 2:52am Mar 6, 2021 2:52am
Gbpusd is in a sell mode. Tp 1.37700
  • #582,427
  • Mar 6, 2021 3:26am Mar 6, 2021 3:26am
Quoting babayaga
{quote} to say the true I have no the "exact" strategy.., probably we could call it "scalping" (?!) I look at charts I check some numbers (PP, Fib, etc.) I am looking for reverse point (mostly).., I hate trend about DD... I know what I can loose and I try to stick to it

...trying "to archive" this level first..,

Inserted Video


have a nice weekend everyone
dolce vita
  • #582,428
  • Mar 6, 2021 4:00am Mar 6, 2021 4:00am
Quoting coyoteuglyxxx
{quote} Hi gettoefl This is a very interesting calculation and I guess your approach is trading time rather price. Would you mind explaining what you mean by ‘’take the 48 divided by 5 times 2 equal nineteen point two hours from the start of the day, which is twelve minutes past seven pm london time’’ Thank you
48 is the hours in two days, usually it works with the rule of 3 namely 48/3 = 16 hour cycle ... cable lately has been following rule of 5, that is why we had to subdivide into 5 in the calc above, that gave us the time for the relative maximum to close out the week

ps i delete posts that don't get engagement, people be seeing gold before their eyes and they think it's plastic
twitter: @gettoefl
  • #582,429
  • Mar 6, 2021 4:01am Mar 6, 2021 4:01am
Quoting mysterio
{quote} Just a theory but it comes down to the government fixed income market. People have been selling US treasuries for a while, essentially betting on higher inflation in the States. This is why the dollar has been bullish. US 10 y treasury yields reached a psych level 1.6 so rates traders took profits here I think. Especially on a Friday before the weekend. Draw a line at the big round numbers on that chart (1.4, 1.5, 1.6 etc) and you'll see what I mean. It's never as simple as good news=good for currency. There is a complex interplay between...
Add that OPEC decided not to increase oil production, this strengthens the usd.
  • #582,430
  • Mar 6, 2021 4:07am Mar 6, 2021 4:07am
Quoting redoan
{quote} Add that OPEC decided not to increase oil production, this strengthens the usd.
Yea sounds right, I don't really follow the oil market but this makes sense

Funny, I wrote my undergrad dissertation on how oil prices affect equity markets using vector autoregressions to show the interplay..need to dig that up
  • #582,431
  • Mar 6, 2021 4:20am Mar 6, 2021 4:20am
COT DATA show a very interesting thing: SMART MONEY have increased their LONG POSITION on USD very heavy (+18%)

BUT on GBP in the same time they CLOSED so high SHORT POSITIONS -24% and only 3% of LONG POSITIONs.

From Jen 05 2021 they have INCREASED LONG POSITION +72% and reduced SHORT POSITION -19%, why they don' closed LONG? GBPUSD is passed 1.355 to 1.42 so they should be closed they LONG position if GBP was at the end of LONG RUN....

This can be read, IMHO, that they think GBP will be strong & they are waiting new HIGH to closed their LONG positions
Attached Image (click to enlarge)
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  • #582,432
  • Mar 6, 2021 5:16am Mar 6, 2021 5:16am
Making a checkpoint on multitimeframes based just on MA 10/50/100/200.

M15) last candle shows a rejection on MA50 with price sitting exaclty on MA10 @1.3843. High probabilty for movements 1.3826<>1.3854.

H1) after a rejection on MA200 and a negation of MA10-50cross, price was unable even to hold on MA10 till final candle showing an imminent try to touch MA50 @.3899.

H4)Strong rejection on MA50 followed by a break of MA200 with MA10 pointing to cross more decisively MA200 for a retest of psycological figure of .3800 followed by a ranging between 3830<>.3955 (respectively Ma200-Ma100).

D1) After been unable to hold above MA10 now located @1.3982 price seems to search for a touch of MA50 @1.3752 before to resume uptrend.

W1) Last weekly candle failed the attempt to touch MA10 while MA50 located @1.3009 is approaching [email protected] ready for a decisive cross.

MN) after a test of previous candle of MA100 is already notable an attempt to climb above 1.4121 in the next 2-3 months.

Attached Image (click to enlarge)
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chaos is just unknown order
  • #582,433
  • Mar 6, 2021 5:20am Mar 6, 2021 5:20am
Here is useful info as well, plotted on timeline.

https://www.barchart.com/futures/com...al-charts/B6*0


Quoting helioss
COT DATA show a very interesting thing: SMART MONEY have increased their LONG POSITION on USD very heavy (+18%) BUT on GBP in the same time they CLOSED so high SHORT POSITIONS -24% and only 3% of LONG POSITIONs. From Jen 05 2021 they have INCREASED LONG POSITION +72% and reduced SHORT POSITION -19%, why they don' closed LONG? GBPUSD is passed 1.355 to 1.42 so they should be closed they LONG position if GBP was at the end of LONG RUN.... This can be read, IMHO, that they think GBP will be strong & they are waiting new HIGH to closed their LONG positions...
  • #582,434
  • Mar 6, 2021 5:27am Mar 6, 2021 5:27am
Quoting Ilvez
Here is useful info as well, plotted on timeline. https://www.barchart.com/futures/com...al-charts/B6*0 {quote}
Yep but it's only net position, i'd like to analyze more deeper data
  • #582,435
  • Mar 6, 2021 5:33am Mar 6, 2021 5:33am
the week there was a bull correction on Tuesday.ok.
since Tuesday the price is occupying a place that does not require any adjustment. so anything can be next week
d1.
  • #582,436
  • Mar 6, 2021 5:34am Mar 6, 2021 5:34am
Thats fine but ultimately change in total net position can drive the price. Although its good only as a reference.

Quoting helioss
{quote} Yep but it's only net position, i'd like to analyze more deeper data
  • #582,437
  • Mar 6, 2021 5:50am Mar 6, 2021 5:50am
I am not sure whether GBPUSD is there
Attached Image (click to enlarge)
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  • #582,438
  • Mar 6, 2021 6:23am Mar 6, 2021 6:23am
Also OI balance is BULLISH
Attached Image (click to enlarge)
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  • #582,439
  • Mar 6, 2021 6:24am Mar 6, 2021 6:24am
Quoting helioss
COT DATA show a very interesting thing: SMART MONEY have increased their LONG POSITION on USD very heavy (+18%) BUT on GBP in the same time they CLOSED so high SHORT POSITIONS -24% and only 3% of LONG POSITIONs. From Jen 05 2021 they have INCREASED LONG POSITION +72% and reduced SHORT POSITION -19%, why they don' closed LONG? GBPUSD is passed 1.355 to 1.42 so they should be closed they LONG position if GBP was at the end of LONG RUN.... This can be read, IMHO, that they think GBP will be strong & they are waiting new HIGH to closed their LONG positions...
that looks like further downward trend for GU
Insane in the Brain..
  • #582,440
  • Mar 6, 2021 6:25am Mar 6, 2021 6:25am
Quoting helioss
Also OI balance is BULLISH {image}
Does that mean there are more long positions now opened?
Insane in the Brain..
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