For me EU 1.19+, if GU can climb with EU, we're already there
Maybe it will take 2-3 years
1
Cable Update - Continued 102 replies
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Disliked{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}Ignored
DislikedNow 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)...Ignored
DislikedIf 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?Ignored
Disliked{quote} it is logical but not reliable ,2020 bitcoin had an halving 2020 $ tanked,2021 bitcoin rallied bitcoin is fatally flawed because of stable coins like tether if stocks fall those stable coins will likely go bust ,then bitcoin could go up after from a much lower level Its a bit like comparing fed chat with $ when the environment is completely different ,we have inflation not seen for 39 years whatever the fed do it won't be enough to curb it and its highly likely something will blow up before they get there thats not a guess because they carry...Ignored
Dislikedretail traders: don't have to file a report for COT, small shares = dump money non-commercial: have to file daily report for COT, have no direct business interests in the commodity(profit motive), large positions = smart money commercial: have to file daily report for COT, direct business interests in the commodity, hedge for protection(defensive motive) = nothing smart about that cheers,Ignored
Basically follow the Large Trader or also known as Non Commercial Trader.
Commercial Traders safeguard the opposite side, when chart gap is furthest away between them, trade is called extreme and reversal is happening.
You will be making good pips by only following the large trader.
I find this info very useful, follow the pages
https://www.babypips.com/learn/forex...ading-strategy
Disliked{quote} Commercial traders (Hedgers) Non-commercial traders (Large Speculators) Retail traders (Small Speculators) Basically follow the Large Trader or also known as Non Commercial Trader. Commercial Traders safeguard the opposite side, when chart gap is furthest away between them, trade is called extreme and reversal is happening. You will be making good pips by only following the large trader. I find this info very useful, follow the pages https://www.babypips.com/learn/forex...ading-strategyIgnored
Disliked{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}Ignored
Disliked{quote} I don't get it. The comparison charts provided by Kuroro, show non-commercials load up heavy shorts at the bottom and heavy longs at the top. I don't think we should do the same.Ignored
Disliked{quote} Commercial traders (Hedgers) Non-commercial traders (Large Speculators) Retail traders (Small Speculators) Basically follow the Large Trader or also known as Non Commercial Trader. Commercial Traders safeguard the opposite side, when chart gap is furthest away between them, trade is called extreme and reversal is happening. You will be making good pips by only following the large trader. I find this info very useful, follow the pages https://www.babypips.com/learn/forex...ading-strategyIgnored
Disliked{quote} https://www.tradingview.com/script/1...egacy-Metrics/ Choose 'Auto' in COT Selection Mode for automatic data retrieval for current ticker. Other settings are up to you{image}{image}Ignored
Disliked{quote} Looking at the dynamics of two curves: price and long positions - dealers add to longs in a downtrend and vice versa so the correlation is negative{image} While it's positive for positions of non-commercials from Legacy report https://www.forexfactory.com/thread/...2#post13419322Ignored
Disliked{quote} Kuroro report wasnt filtered to show all traders at once. I was refering to COT report template example on Babypips.Ignored