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Cable Update (GBPUSD)

  • #582,461
  • Mar 6, 2021 8:05pm Mar 6, 2021 8:05pm
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...
Quoting helioss
{quote} On the contrary, they have closed SHORT positions, why close SHORT positions if u think that price will go down??? But it's my humble idea
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Just to add, I also follow the COT data... I think that way it becomes clearer to understand. Long positions really went up. And finally, schools back 8 March in England... I'm long in GBPUSD
Fortis Fortuna Adiuvat...
  • #582,462
  • Mar 6, 2021 9:35pm Mar 6, 2021 9:35pm
Quoting Sang.Real
{quote} GU Diamond Bottom Inverted HNS "W" Pattern {image}
UFC time
  • #582,463
  • Mar 6, 2021 11:58pm Mar 6, 2021 11:58pm
Quoting Ilvez
FYI, this is FF sentiment only and these good 300 folks hardly move the market by a single pip. {quote} Here is another retail sentiment link. Most of the time your signals should be opposite of this: https://fxssi.com/tools/current-ratio?filter=GBPUSD
Would be cool to have a historical dataset of this and plot it against the price
Air force
  • #582,464
  • Mar 7, 2021 12:56am Mar 7, 2021 12:56am
Quoting buddha-
good spring for everyone and good money for everybody’s 🕶
it is snowing
  • #582,465
  • Edited 8:11am Mar 7, 2021 6:56am | Edited 8:11am
U.s senate passes Biden's $1.9trln stimulus plan, likely to come into law next week...

Dly t/f + ascending t/lines.

In the event of more downside...that 'main' (as yet untested) ascending mthly/wkly/dly trend line that joins 1410 with 2854 comes through circa 3635 on this coming Monday's daily candle and is of course ascending so this will be higher on subsequent days. Dly below shows this. It is the least steep darker blue line shown. Above that the ascending t/line joining 2854 with 3133 (middle light blue line) was tested @ 3188 and held, and comes through circa 3695 on Monday's candle, The ascending t/line joining that 3188 with 3566, and the steeper one joining 3566 with 3859 have already been breached to the downside. (both light blue dashed lines.)
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Trader with an Edge.
  • #582,466
  • Mar 7, 2021 7:39am Mar 7, 2021 7:39am
Quoting Beyfor
{image}

Pound performed PERFECTLY as anticipated.
Click on GIF chart below to active it.

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  • #582,467
  • Mar 7, 2021 7:56am Mar 7, 2021 7:56am
Another nice one to look out for over the next week or two guys - clean break of 149.50 should lead to a nice drop - a few hundred pips
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  • #582,468
  • Mar 7, 2021 8:08am Mar 7, 2021 8:08am
I'm still expecting the cable to drop in to 1.35 before we see a bounce. Big pattern off some support down there too which with any luck to be a 300 pip bounce. I'll be on the sidelines waiting till we get that opportunity next week (fingers crossed).
Attached Image (click to enlarge)
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  • #582,469
  • Mar 7, 2021 8:19am Mar 7, 2021 8:19am
Quoting W0lfram
{quote} Would be cool to have a historical dataset of this and plot it against the price
Strange dates here on FF... month zero Anyway.
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I took data from Positions/Live Accounts block from Feb 3, 2020 to Mar 5, 2021.
Attached Image

Split into 2 plots for better visibility.
Lots_ratio = % of lots on the Long side
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Correlation between sentiment and price direction over that period is -0.2.
-0.3 for the last 6 months. Not bad counter indicator, actually.
Air force
  • #582,470
  • Mar 7, 2021 8:32am Mar 7, 2021 8:32am
Hey, @maheeee! It would be nice to get 500% prediction, please. If you don't mind.
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Air force
  • #582,471
  • Mar 7, 2021 9:09am Mar 7, 2021 9:09am
Quoting W0lfram
Hey, @maheeee! It would be nice to get 500% prediction, please. If you don't mind.{image}
Yes Maheeee daddy needs a new car
  • #582,472
  • Mar 7, 2021 9:15am Mar 7, 2021 9:15am
Quoting greengp
https://youtu.be/DGVJtAHzzDQ
Thats A Nice One Greengp. Good Try. That Indian Faggot is Misplaced. Do You Want My Picture There. I Tell You She Will Be Mesmerized And Crumble With Wetness All Over. Trust Me I Am Not Joking. THATS THE PROBLEM With You You Let It Be Let IT SHARE And WE HAVE IT ALL. Thats How You Survive On This Planet
  • #582,473
  • Edited 10:44am Mar 7, 2021 9:45am | Edited 10:44am
no biggie ...
twitter: @gettoefl
  • #582,474
  • Mar 7, 2021 10:26am Mar 7, 2021 10:26am
Quoting Wavegarrick
{quote} And this is how it goes, I have no indication of buy trades yet. Thanks to DailyChart I did not post my short stack entries. I believe he is long. Nevertheless, the daily chart speaks volumes. All trades locked in and price must do what it has to. Cheers. {image} {image}
Hi Guys,
The pound strength has been very prevalent against the Euro for many months since Dec last year. Eurgbp has had a nice ride to the downside. It must also be noted that Eurusd was the first to turn lower from its high on the 7th of January this year, Gbpusd followed suit on the 24th of Feb this year. I am just thinking that Pound's weakness may accelerate with the euro and dollar consolidating. It's all cyclic in my opinion. So we could see further Gu weakness.
Cheers
Trade to trade another day
  • #582,475
  • Edited 2:23pm Mar 7, 2021 11:19am | Edited 2:23pm
Expecting some bullish movement to 1h supply up at 1.3875-91ish before another decent push down early next week. Although if DXY goes where I think there's a chance it could push up to 1.39-1.3950

DXY down to 91.60ish then 92.82ish. From there we are in weekly supply 92.235-93.208 so we'll need to see if we can take this out or if its going to be the top. Breaking that would be a strong bullish sign and the next weekly supply isn't until 96.810-97.802. Lets see, it wont be a smooth ride if it does go up there as there are plenty of daily supplies to take out. Lots of data, US inflation and treasury auctions etc. The inflation numbers might decide whether dollar forms a top or breaks through.
  • #582,476
  • Mar 7, 2021 11:45am Mar 7, 2021 11:45am
gold maybe
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #582,477
  • Mar 7, 2021 12:01pm Mar 7, 2021 12:01pm
Quoting TrTT
{quote} Thats A Nice One Greengp. Good Try. That Indian Faggot is Misplaced. Do You Want My Picture There. I Tell You She Will Be Mesmerized And Crumble With Wetness All Over. Trust Me I Am Not Joking. THATS THE PROBLEM With You You Let It Be Let IT SHARE And WE HAVE IT ALL. Thats How You Survive On This Planet
?
  • #582,478
  • Mar 7, 2021 12:35pm Mar 7, 2021 12:35pm
Hi guys!
See my newest chart on tradingview. GBPUSD March in the Spotlight 2021
Risk Management is of utmost importance!
  • #582,479
  • Mar 7, 2021 1:00pm Mar 7, 2021 1:00pm
Monday is BUY for sure
  • #582,480
  • Mar 7, 2021 2:03pm Mar 7, 2021 2:03pm
There is bullish hidden divergence present on the daily t/f and this will probably be valid should more downside occur so long as price stays above 3566. No touch of the lower 20bol yet.Dly Below.
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Trader with an Edge.
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