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Cable Update (GBPUSD)

  • #587,941
  • Apr 5, 2021 6:35am Apr 5, 2021 6:35am
enough for today< see u 2 morow
good night all
Like me, cuts losses quickly. But has more patience and lets his winn
  • #587,942
  • Apr 5, 2021 6:41am Apr 5, 2021 6:41am
Quoting segarann
{image}
what is the logic behind buy/sell ?
  • #587,943
  • Edited 7:08am Apr 5, 2021 6:47am | Edited 7:08am
Quoting mrluckystar
Next stop 3834/40 as long today high not broken..
My chart looks very bookish. Don’t know about yours.

Edit: bookish = bullish of course
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #587,944
  • Apr 5, 2021 6:55am Apr 5, 2021 6:55am
Attached Image
  • #587,945
  • Apr 5, 2021 6:55am Apr 5, 2021 6:55am
Quoting NotAtrader
{quote} My chart looks very bookish. Don’t know about yours.
its bullish. The dollar May retrace a bit but looking at the trend line the drop zone is getting smaller and smaller
Insane in the Brain..
  • #587,946
  • Apr 5, 2021 6:57am Apr 5, 2021 6:57am
Quoting lostup
{quote} what is the logic behind buy/sell ?
Based on the chart data...
  • #587,947
  • Apr 5, 2021 7:05am Apr 5, 2021 7:05am
Quoting helioss
{quote} Study COT data dear " professional" trader, numbers are numbers not assumptions. By the way as i told market will show us.... Anyway if u don't like my posts, u can ignore me My best regards MONEY MACHINE
Hi! How did the COT numbers and your short term bearish mood work out for you? By the looks of things not so well. It looks also like you just disappeared. Are you afraid to face the fact that you just blew it?

Do you know what? You can probably become a good trader but there is something you need to do first.
1. You can apologize to all inexperienced traders who might have followed you and lost money.
2. You can apologize to me for being offensive and then remove me from your ignore list because as long as you have me on ignore you may miss some good tricks and hints that I sometimes share with the good guys around here. And after you’ve done that you can ask me kindly to tell you how I became a money machine.

Alternatively you can just learn how to use the COT numbers

Good luck
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #587,948
  • Apr 5, 2021 7:05am Apr 5, 2021 7:05am
took short on 1.39
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 34 KB
Click to Enlarge Name: dx.png Size: 31 KB
yes yes yes
  • #587,949
  • Apr 5, 2021 7:07am Apr 5, 2021 7:07am
Quoting BeeTogether
{quote} its bullish. The dollar May retrace a bit but looking at the trend line the drop zone is getting smaller and smaller
Yes bullish, not bookish... just a type
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #587,950
  • Apr 5, 2021 7:08am Apr 5, 2021 7:08am
Quoting OnlineAddict
3890-3900 soon...
Done.
Everyone can see the chart, but only a few can actually read it.
  • #587,951
  • Apr 5, 2021 7:13am Apr 5, 2021 7:13am
expecting a big bullish move in the coming days.

No way to short on higher TF.

However, on lower TF, I can take short.
Intraday only.
  • #587,952
  • Apr 5, 2021 7:13am Apr 5, 2021 7:13am
Quoting OnlineAddict
{quote} Done.
Good call buddy

PS: It looks like you didn’t pay attention to the COT numbers or you probably just know how to use them.

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #587,953
  • Apr 5, 2021 7:15am Apr 5, 2021 7:15am
Quoting BeeTogether
The bull run is impressive considering Uk not trading today keeping out of longs until I see a path forward. If we see a drop back towards 13820 I will re enter there
Not complaining, but exactly what I was thinking....
Don't trade what you think. Just what you see!!!
  • #587,954
  • Edited 7:29am Apr 5, 2021 7:18am | Edited 7:29am
Quoting Coreg2004
{quote} ...and we are there...decision time... {image}

Hi Coreg,
I have a question if you could please answer.
How many pips invalidate the pattern?
Thank you in advance.
I know why it didn't reverse there. I have one lesson learnt today.
I was wrong about 27 pips wrong. The price will reverse at the round number.
  • #587,955
  • Apr 5, 2021 7:19am Apr 5, 2021 7:19am
Quoting mysterio
{quote} I don't plan more than a week an advance, I have been posting some daily charts with arrows on with a broad guess at what was next, but over the weekend, thinking about it I was 50/50 on the next move. Because of the Doji on the descending TL it was more wait and see. Not sure I said sell at 1.39?? If you can quote me then I'll retract that hah. Current thinking.. dxy fall this week then see what happens around 92.5-.92.7, it may pump up again from there. Euro COT is loading up shorts so am expecting dxy to rise again. I think GU COT is...
This has played out on the dxy (well half of it). We might have some bounce here on dxy and a daily top on GU here, or at least a drop temporarily on GU. Then wait to see if the wedge/ending diagonal on dxy bounces or breaks.
  • #587,956
  • Apr 5, 2021 7:27am Apr 5, 2021 7:27am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 46 KB
yes yes yes
  • #587,957
  • Apr 5, 2021 7:28am Apr 5, 2021 7:28am
DXY COT.... seems to be LONG
Attached Image (click to enlarge)
Click to Enlarge Name: cot.png Size: 71 KB
  • #587,958
  • Apr 5, 2021 7:30am Apr 5, 2021 7:30am
Quoting Moty
took short on 1.39 {image} {image}
Hold on to today's profit
Patience.....
  • #587,959
  • Apr 5, 2021 7:30am Apr 5, 2021 7:30am
Quoting Moty
{image}
Moty, there is actually no reason for fall, except ADR is reached.

It might work most of days.

On some days, it goes on.....and on... I have seen.

It would be riskier to go opposite based on ADR.

imo.
Intraday only.
  • #587,960
  • Apr 5, 2021 7:30am Apr 5, 2021 7:30am
GBP COT
Attached Image (click to enlarge)
Click to Enlarge Name: cot.png Size: 77 KB
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