Cable Update (GBPUSD)

True colours shining through now

i took it 1703 and they took my sl on be, then enter again 1702 and tp 1725
so i just earn all my money back after awful awful week.
thanks god.

i think you right, i will enter long on monday for another fly..

Updated Cot Dashboard Forex

Sentiment SMART MONEY

Very very interesting HOW SMART MONEY MOVED MONEY

Where did you find this chart?

It's my Excel Spreadsheet

Do you pay for these charts? Or did you make them yourself?

I make it

That's awesome! I don't have a subscription for COT charts, so I just look them up. Where do you go to get your info for this?

On https://www.cftc.gov/ u can find all data u need. Anyway in my tread i post all week dashboard updated for free... https://www.forexfactory.com/thread/...ks-risk-on-off

Just back to GBP: LONG TRADERS are always MORE than SHORT ONE.This chart showa how they changed from Jen 05 2021

Thanks for the info. I subscribed to your thread.

Mar21 Future Volume

This is great.. would u share it ?

Jun21 Future Volume

https://www.tradingster.com/
https://freecotdata.com/currencies-2

Will wait and see how Monday morning looks but I still believe this is an area to look for short trades. I posted my fundamental views earlier, add to that the COT is adding USD longs and closing GBP longs. From a supply/demand perspective,

Daily

We're in an area of daily supply (responsible for taking out daily demand on the 5th) shorts can be taken in here since we pulled back on Friday. The daily trendline has held strong so this would need to be taken out in order to get to the next daily demand area around the 1.3700 mark. TP levels could be at 1.3850, 1.3800 etc. On the bulls side we'd need to take out the supply we're in so once 1.4000 is comfortably taken out we can wait for a return to the demand area that is created. From there we can aim for the last swing high. Not shown, but the weekly supply is currently in control after making that evening star formation. 1.4010 is also the 50pc retrace of the daily downtrend.

Intraday

We technically breached the supply area on 1h but I thought a short order was doable on the fib level, which I closed out for a tiny profit. On Monday I'll be looking out for a short in the 1h supply area around the 0.618 fib retrace level, dependent on confirmation on the 5m chart. It's also looking like a channel retest which is a bearish sign. I'll still take long scalps in the green demand area especially, dependent on PA, not shown but I like to add LTF trendlines, fibs, 5m SD areas etc to help with this.

DXY is a different story but we broke out of a descending TL/falling wedge and are re-entering the demand area which created the major move. We've just completed a retrace between 0.5 and stopped just shy of 0.618. Unfortunately the TLs are ambiguous so I just put them all on there. Dollar always seems to do that, after breaking a major TL it does a dramatic impulsive retest of it at some point in the day, that's what I was bleating about on Friday but kept mis-timing.. Last thing, pretty important- on the daily it's created a large overextended W formation of which the bearish movement last week was the retrace leg, the next step in this is an impulsive bullish move. Keeping an eye on US10Y, I'd like to see it test the 1h demand around 160bps and see if it can build a base there, so if this pulls back it could mean the dollar will drop a bit more before going up. Everything depends on FOMC though

My intraday trading Thursday and Friday was.. pretty stupid, I managed to close both days with a profit but they were very impatient top & bottom picking. I was expecting both the move down and move up late Friday but tried to pre-empt them without waiting for adequate confirmation. Focusing on patience next week! Tuesday/Wednesday were great, Monday was positive but pretty crappy. Kicking myself for shorting at 1.3977 when the short from 1.40 was much more obvious.

Hi Guys,
Usdx Index futures from a daily perspective, tick all the boxes for future strength. I await in anticipation. My yearly pivot at 94.3707 an attractive target. Of course, it could all turn on a dime but an important area for the dollar.
Have a great weekend.
Cheers.