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Cable Update (GBPUSD)

  • #649,181
  • Jan 23, 2022 8:53am Jan 23, 2022 8:53am
Quoting OnlineAddict
{quote} I think the bigger picture is 1.5, not below 1.20.
To me below 1,22 is a must

Before or after your 1,50 i couldn't tell
COT: The precious data ignored
  • #649,182
  • Jan 23, 2022 8:59am Jan 23, 2022 8:59am
Quoting kuroro001
{quote} To me below 1,22 is a must Before or after your 1,50 i couldn't tell
I don't see any reason to go towards 1.20 anymore...maybe 1.25 in worst case scenario...but for me pound is a "buy the dip" for 10 years to come or more. Brexit was the best thing they could have done.
Everyone can see the chart, but only a few can actually read it.
  • #649,183
  • Jan 23, 2022 9:03am Jan 23, 2022 9:03am
Quoting kuroro001
{quote} Nope sir, its the opposite, for sure Check charts below, and tell me about it On the left yellow commercials aka smart money On the right green non commercials aka dumb money Lets look at the non commercial (green chart). So for you, the smart money is going long on top, and short on bottom ? They aren't that smart But we agree that both smart and dumb money can be right and wrong {image}
you are the COT expert, I can't argue with you. but you left out "retail traders", what are we going to call them ?
"the public is not yet ready for it" W.D. GANN
  • #649,184
  • Jan 23, 2022 9:08am Jan 23, 2022 9:08am
Quoting OnlineAddict
{quote} I don't see any reason to go towards 1.20 anymore...maybe 1.25 in worst case scenario...but for me pound is a "buy the dip" for 10 years to come or more. Brexit was the best thing they could have done.
It will depend on the worldwide macro environment imo
If stocks decide to crash big time, safe haven dollar
COT: The precious data ignored
  • #649,185
  • Jan 23, 2022 9:08am Jan 23, 2022 9:08am
Quoting Kwt4x
{quote} you are the COT expert, I can't argue with you. but you left out "retail traders", what are we going to call them ?
I'm no expert in nothing

Retail are clearly dumb, but i personnally don't look at what they do. Too small to have an impact
COT: The precious data ignored
  • #649,186
  • Jan 23, 2022 9:10am Jan 23, 2022 9:10am
This is another sound to calm and Relax your nerves so you can see the world from a better perspective .....

Inserted Video
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #649,187
  • Jan 23, 2022 9:16am Jan 23, 2022 9:16am
Quoting kuroro001
{quote} I'm no expert in nothing Retail are clearly dumb, but i personnally don't look at what they do. Too small to have an impact
your signature says you are and it's true, COT is a precious data ignored.
since we don't have impact, our money is smart
"the public is not yet ready for it" W.D. GANN
  • #649,188
  • Jan 23, 2022 9:17am Jan 23, 2022 9:17am
Quoting kuroro001
{quote} It will depend on the worldwide macro environment imo If stocks decide to crash big time, safe haven dollar
Stocks will definitely crash...and then they will be heavily bought and go into new highs again, like always.
Everyone can see the chart, but only a few can actually read it.
  • #649,189
  • Jan 23, 2022 9:27am Jan 23, 2022 9:27am
My scenario.

Short term: possible around 1.3905 and down being first target around 1.3019. 1.4004 cannot be broken as it was 1.4248´s retracement.

Long term unless it crashes: around 1.1538 and from there will reverse breaking 1.4248 high.

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POSTMASTER
  • #649,190
  • Jan 23, 2022 9:29am Jan 23, 2022 9:29am
Dow will retrace to around 26000, maybe 23000 and continue going up
POSTMASTER
  • #649,191
  • Jan 23, 2022 9:35am Jan 23, 2022 9:35am
Quoting Robinhood1
Dow will retrace to around 26000, maybe 23000 and continue going up
By March
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POSTMASTER
  • #649,192
  • Jan 23, 2022 10:02am Jan 23, 2022 10:02am
Quoting OnlineAddict
{quote} Stocks will definitely crash...and then they will be heavily bought and go into new highs again, like always.
Are you suggesting the rate rises and tapering will be abandond after a mini crash then buisness as usual?
DISCLAIMER: If indeed they actually do either of those things.
The elites think we are stupid. They are in the main quite correct.
  • #649,193
  • Jan 23, 2022 10:12am Jan 23, 2022 10:12am
Quoting UKBanter
{quote} Are you suggesting the rate rises and tapering will be abandond after a mini crash then buisness as usual? DISCLAIMER: If indeed they actually do either of those things.
I don't even think they will raise rates 3 or more times this year, as they claim. But whatever happens, stock market is going up for how long, 100 years? Every dip was bought and made a new high...we don't need to reinvent the wheel here.
Everyone can see the chart, but only a few can actually read it.
  • #649,194
  • Jan 23, 2022 10:28am Jan 23, 2022 10:28am
Quoting OnlineAddict
{quote} I think the bigger picture is 1.5, not below 1.20.
Even bigger picture than previous, you're also right, imho first down(As EU/EG long-term bullish, 1.5 also might be the first)
For me EU 1.19+, if GU can climb with EU, we're already there
Maybe it will take 2-3 years
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  • #649,195
  • Jan 23, 2022 10:50am Jan 23, 2022 10:50am
Quoting Wavegarrick
{quote} Yes, Sir, it was 35 pips. In fact, I closed it for 30 pips on the break of 1.36000 but also offset it against a buy trade taken earlier in January. I am completely flat now and await clearer direction. As I said, January is not an easy month for me. Have a great day, Cheers. {image}
Anyway Folks,
For now, I see at least a test of my future weekly pivot at 1.35957 ish (highlighted area)for a 42 pipper and possibly an overshoot to 1.36000. Mid-round numbers when tested for the first time like to retrace back to round numbers. I also have my weekly support 1 here. Much will be decided around 1.3600 in the coming week. We are also going into month-end and volatile moves with profit-taking and so forth.
Trade safe,
Cheers.
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Trade to trade another day
  • #649,196
  • Edited 1:11pm Jan 23, 2022 11:33am | Edited 1:11pm
Quoting pipibrasci
Now I have this...going into next week. Something interesting. Weekly chart vs Daily chart. Consistent reversal candlestick patterns on the upper trendline (weekly chart). Strong Fib levels. 0.382 as support and 0.236. as resistance (although broken but price retraced). Price bouncing off them. Likely to retrace back to the 0.382 fib level?? Currently hovering around a support zone 1.35580 - 1.35250 Momentum and volatility no doubt is high as channel expands. Next level of support (Targets) i see are 1.3460 - 1.3408 Head & Shoulder pattern (weekly)...
POSSIBLE TARGETS IN THE WEEK

LONGS/PullBack/retracement levels (1.3575; 1.3609)

SHORTS (1.3525; 1.3500; 1.3460; 1.3408)

Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #649,197
  • Jan 23, 2022 12:25pm Jan 23, 2022 12:25pm
Quoting Bones
{quote} hi Nav ,they banned it in the uk for retail

why did they ban it..I have friend who just believes it will go up?
whats your thoughts on it..
  • #649,198
  • Jan 23, 2022 12:45pm Jan 23, 2022 12:45pm
Quoting Georginson
If there any certainty I see ahead, it's either 1.3200 or 1.3980 happens within 5 weeks (January 25th to February 28). Which do we get 1.3200 OR 1.3980 by or before February 28, 2022?
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #649,199
  • Jan 23, 2022 12:46pm Jan 23, 2022 12:46pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #649,200
  • Jan 23, 2022 12:49pm Jan 23, 2022 12:49pm
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H4 Supply Demand Zones.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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