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Cable Update (GBPUSD)

  • #644,581
  • Dec 11, 2021 1:15am Dec 11, 2021 1:15am
Quoting kuroro001
For the bulls....Potential big rally coming {image}
With a pretty decent daily price action and weekly showing some signs of bulls coming back in... Won't be surprised if we get a decent push back up to around 1.336. Bought in 3 positions from 1.323 to 1.3211, closed 2 of them and in a nice breakeven trade now. Hope fundamentals don't screw me over
A 1 pip gain is better than a 1 pip loss.
  • #644,582
  • Dec 11, 2021 2:44am Dec 11, 2021 2:44am
Quoting kuroro001
For the bulls....Potential big rally coming {image}
Can you elaborate buddy? Related to COT, I guess.
  • #644,583
  • Dec 11, 2021 4:08am Dec 11, 2021 4:08am
Quoting LvMMT
{quote} Thank you Kimmymore! {file} This is the indi. if you refer to CCI... God bless you Kimmymore and God bless everyone!
this is what im looking for.
thank you so much for sharing buddy. @LvMMT
be blessed.
  • #644,584
  • Dec 11, 2021 4:54am Dec 11, 2021 4:54am
I ignore active forums.
I watch the news every day at most because that’s important.
because there are those who treat this forum as if they had their own private school. and tells others what to think
but I have no time for stupidity.
  • #644,585
  • Dec 11, 2021 5:24am Dec 11, 2021 5:24am
Quoting tiborf71
I ignore active forums. I watch the news every day at most because that’s important. because there are those who treat this forum as if they had their own private school. and tells others what to think but I have no time for stupidity.
things have happened in this thread this week which is why i will be avoiding active foruming.
good luck for everyone.
  • #644,586
  • Dec 11, 2021 5:52am Dec 11, 2021 5:52am
Quoting kostas1
{quote} Can you elaborate buddy? Related to COT, I guess.
Yes sir, datas from the COT report

Dumb money increasing their short, smart money on the long side

Of course you can see a more stretched move.....but from the Asset managers part its aleady extremely stretched. A close of their big short bet will lead to a quick and furious rally
COT: The precious data ignored
  • #644,587
  • Dec 11, 2021 5:58am Dec 11, 2021 5:58am
Quoting kuroro001
{quote} Yes sir, datas from the COT report Dumb money increasing their short, smart money on the long side Of course you can see a more stretched move.....but from the Asset managers part its aleady extremely stretched. A close of their big short bet will lead to a quick and furious rally
We are getting to that time in December when things just rally -- EU and GU -- nonstop and retail shorts keep screaming blood. I have been there before, begging for mercy from the price movers for a little retracement. Just a little drop of water to cool the thirst, as the rich man cried and begged Abraham while in hell. That's how it feels to be short when those mad rallies happen. Good news upon good news will keep coming out causing spikes upon spikes. I will look really well before ever shorting. And if I do my stop will be very close.

I need money for my school so no losses allowed. Lol
  • #644,588
  • Dec 11, 2021 5:58am Dec 11, 2021 5:58am
o
Quoting kuroro001
{quote} Yes sir, datas from the COT report Dumb money increasing their short, smart money on the long side Of course you can see a more stretched move.....but from the Asset managers part its aleady extremely stretched. A close of their big short bet will lead to a quick and furious rally
Attached Image (click to enlarge)
Click to Enlarge Name: COT 2021 12 07.png Size: 25 KB


yes, they increasing longs, but they do it so insignificantly
  • #644,589
  • Dec 11, 2021 6:01am Dec 11, 2021 6:01am
Quoting Moty
{image}{image}
Scary good chart, Moty. Once shouldn't be caught shorting this irresponsibly. Shorts must be at strategic places with good SL in place.
  • #644,590
  • Dec 11, 2021 6:03am Dec 11, 2021 6:03am
Quoting Juliefa
{quote} this is what im looking for. thank you so much for sharing buddy. @LvMMT be blessed.
Hey Juliefa,

I'm glad this indicator helps you.

some traders... trade only with it...

Here's everything I have:


CCI
Double CCI Woodies
CCI Trigger
Real Woodie

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File Type: mq4 CCI.mq4   4 KB | 262 downloads
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File Type: mq4 CCI_Email_Alerts.mq4   4 KB | 250 downloads
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File Type: mq4 CCI_Histogram.mq4   4 KB | 298 downloads
Attached File(s)
File Type: mq4 DoubleCCI_Woodies.mq4   7 KB | 220 downloads
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File Type: mq4 FX_Snipers_Ergodic_CCI_Trigger.mq4   4 KB | 267 downloads
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File Type: mq4 FX_Snipers_Ergodic_CCI_Trigger_Signals.mq4   2 KB | 276 downloads
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File Type: mq4 FX_Snipers_T3_CCI.mq4   3 KB | 275 downloads
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File Type: mq4 Real_Woodie_CCI.mq4   8 KB | 283 downloads
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God bless you Juliefa and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #644,591
  • Edited 9:33am Dec 11, 2021 6:30am | Edited 9:33am
its still at bottom of channel ,and pivot ,
there is a mounting story that could escalate that could change things ,Boris is in trouble for sure
possibly a new year story
it's actually all about the Fed next week and how much they to let the market down.
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #644,592
  • Dec 11, 2021 6:40am Dec 11, 2021 6:40am
Attached Image (click to enlarge)
Click to Enlarge Name: 1 DX-Weekly.png Size: 51 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #644,593
  • Dec 11, 2021 7:21am Dec 11, 2021 7:21am
we have now a clear rejection of the lower channel on the daily AND a clear divergence on every indicator (macd, rsi, williams, tdi, etc...). i show only the stoch.

and a TL break.

but keep in mind it could also be a false breakout;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 60 KB
trading is like dancing, don't think and just listen to the music!
  • #644,594
  • Dec 11, 2021 7:37am Dec 11, 2021 7:37am
Quoting tiborf71
I ignore active forums. I watch the news every day at most because that’s important. because there are those who treat this forum as if they had their own private school. and tells others what to think but I have no time for stupidity.
I ignore active forums.

If that is true, then it looks like Cable Update (GBPUSD) is not an active forum. Good to know. Maybe it is ready to die from inactivity?
To free Gazans of Hamas, use whatever it takes.
  • #644,595
  • Edited 11:38am Dec 11, 2021 7:49am | Edited 11:38am
Quoting Bones
its still at bottom of channel ,and pivot , there is a mounting story that could escalate that could change things ,Boris is in trouble for sure possibly a new year story it's actually all about the Fed next week and how much they to let the market down. {image} {image} {image} {image}
But you should be looking at many more TFs to get a view of what's coming up from below.

W2 has not made it's rally to the MN2 down swing. W2 cannot rally unless lower TFs go into uptrends. H4 has gone into the uptrend.

H4 is still rather far from W2, so there can be a lot of "stalls" or "consolidations"--and even resets if the bears go on a feeding frenzy--as the uptrends try to progress to W2.
To free Gazans of Hamas, use whatever it takes.
  • #644,596
  • Dec 11, 2021 8:18am Dec 11, 2021 8:18am
Quoting Bones
its still at bottom of channel ,and pivot , there is a mounting story that could escalate that could change things ,Boris is in trouble for sure possibly a new year story it's actually all about the Fed next week and how much they to let the market down. {image} {image} {image} {image}
I see exactly the same thing on my chart..I think pound will bounce, I need it too lol
  • #644,597
  • Dec 11, 2021 8:27am Dec 11, 2021 8:27am
Quoting LvMMT
{quote} Hey Juliefa, I'm glad this indicator helps you. some traders... trade only with it... Here's everything I have: CCI Double CCI Woodies CCI Trigger Real Woodie {file}{file}{file}{file}{file}{file}{file}{file}{file} God bless you Juliefa and God bless everyone!
Hi LvMMT,

Again, thank you so much. for sure these would add to my strats and analysis, really a big help.
Be blessed.
  • #644,598
  • Dec 11, 2021 8:34am Dec 11, 2021 8:34am
Quoting DrDave
{quote} But you should be looking at many more TFs to get a view of what's coming up from below. W2 has not made it's rally to the MN2 down swing. W2 cannot rally unless lower TFs go into uptrends. H4 has gone into the uptrend. H4 is still rather far from W2, so there can be a lot of "stalls" or "consolidations"--an even resets if the bears go on a feeding frenzy--as the uptrends try to progress to W2.
your going to need to put a chart up
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #644,599
  • Edited 11:34am Dec 11, 2021 8:38am | Edited 11:34am
Playing with the charts this weekend. My view for GBPUSD and possible scenario. D1 chart

Short term target 1.3320 - 1.3340 confluence point 1 (fib.ret. 0.238 level/lower channel) very achievable next week. Thanks to the "falling wedge" pattern which should be a catalyst to take price back into the channel and target area. 1.3420 (fib ret. 0382) level also achievable.

"Falling wedge" pattern target 1.3495/resistance level coincides with the Fib. ret. (0.50) level. Strong confluence2 point! as DXY seems overbought at the moment. No doubt we will experience pull backs along the way!

Updated.

Enjoy your weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 121 KB
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #644,600
  • Dec 11, 2021 8:42am Dec 11, 2021 8:42am
Quoting Bones
{image}
Nice
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
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