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Cable Update (GBPUSD)

  • #735,301
  • Mar 10, 2023 5:17am Mar 10, 2023 5:17am
Quoting Whale
{quote} where the data from?
i believe he has this data from IG Clients (https://www.dailyfx.com/sentiment), but coincidentally the FF sentiment is the same on the cable.

but nevertheless, knowing your posts here on FF i believe you would agree that these "sentiments" do not really give you any real insight, as i tried to point out before.

Quote
To whom it may concern, i want to point out for everyone my view on this and similar "sentiment-charts" on how much of an impact they have in the forex market.
So the forex market has a daily average volume around ~6 trillion $ (give or take) and all retail trader combined are accountable for approximately 2% of this volume.

To put this in more tangible perspective, imagine having a scientific study for a new medicine and out of 100 participant, 98 of them have serious side effects. Would you take the medicine? Of cause this is deliberately exaggerate,...
https://www.forexfactory.com/thread/...8#post14106358


for example if you look at the myfxbook sentiment on the cable https://www.myfxbook.com/community/outlook/GBPUSD you see a totally different picture.

greetings


edit: i also want to point out that regarding to for example indicies i have a totally different opinion and i believe sentiment-data is a great tool for trading.
  • #735,302
  • Mar 10, 2023 5:18am Mar 10, 2023 5:18am
Quoting W0lfram
{image}{image} Today POC?
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Air force
  • #735,303
  • Mar 10, 2023 5:19am Mar 10, 2023 5:19am
Quoting Moty
{quote} {image} クローズアップ {image}
to Moty
Don't give up yet! I don't think D1's BearishCandle will be filled like this. Wait for your chance.
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  • #735,304
  • Mar 10, 2023 5:25am Mar 10, 2023 5:25am
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yes yes yes
  • #735,305
  • Mar 10, 2023 5:27am Mar 10, 2023 5:27am
Price has made double top on 5min to spike through it
  • #735,306
  • Mar 10, 2023 5:37am Mar 10, 2023 5:37am
NFP PREP.
EURUSD LONG
Targeting the week’s high.
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My telegram: https://t.me/avidforex
  • #735,307
  • Mar 10, 2023 5:38am Mar 10, 2023 5:38am
I keep wondering where the VAP Dr. @pipcenturion is at during these times of turbulent expectations

One of those "Invisible" here maybe?
  • #735,308
  • Mar 10, 2023 5:41am Mar 10, 2023 5:41am
I will sell at 1.2220 with stop loss at 1.2260, target at 1.1950...
Data + Stat + Risk/Emotions Management
  • #735,309
  • Mar 10, 2023 5:43am Mar 10, 2023 5:43am
Quoting greed
{quote} i believe he has this data from IG Clients (https://www.dailyfx.com/sentiment), but coincidentally the FF sentiment is the same on the cable. but nevertheless, knowing your posts here on FF i believe you would agree that these "sentiments" do not really give you any real insight, as i tried to point out before. {quote} https://www.forexfactory.com/thread/...8#post14106358 for example if you look at the myfxbook sentiment on the cable https://www.myfxbook.com/community/outlook/GBPUSD you see a totally...
you´re right , i have that data from IG Clients, and i belive also that sentiment data is a great tool for trading and also nice as confluence for a Strategy!
And i think all profitable trader thinking like the MM, so we have to find out "what is the next move" -> Right?

And when 70% of retail trader short, i dont belive the MM will give them money ^^
  • #735,310
  • Mar 10, 2023 5:43am Mar 10, 2023 5:43am
Quoting BrainBucks
I keep wondering where the VAP Dr. @pipcenturion is at during these times of turbulent expectations One of those "Invisible" here maybe?
He is posting on the fun factory forum on this site. If you search his name you can call up his profile and see his recent posts on all forums.
  • #735,311
  • Mar 10, 2023 5:43am Mar 10, 2023 5:43am
I would short from top of channel when it gets there.
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  • #735,312
  • Edited 6:59am Mar 10, 2023 5:44am | Edited 6:59am
Short @1.2000
TP open
Face 'ur fears & tame 'ur greed
  • #735,313
  • Mar 10, 2023 5:46am Mar 10, 2023 5:46am
Quoting shay14
going to 1.20 no matter what
boom
  • #735,314
  • Mar 10, 2023 5:51am Mar 10, 2023 5:51am
Quoting dantpm
{quote} He is posting on the fun factory forum on this site. If you search his name you can call up his profile and see his recent posts on all forums.
Ahh seems like he's finally had it with us Cable loyalists lol
Oh well, hopefully he has a change of heart.
Alrighty thanks for the pointer!
  • #735,315
  • Mar 10, 2023 5:51am Mar 10, 2023 5:51am
come on mister 1.20000
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yes yes yes
  • #735,316
  • Mar 10, 2023 5:51am Mar 10, 2023 5:51am
gbpusd update
we have a new line of support cca 1.1972
above S = continue long
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Trendlines H1,H4, SMC
  • #735,317
  • Mar 10, 2023 5:55am Mar 10, 2023 5:55am
2006 may be high of the day...

I am just saying.

Watching the PA carefully here.
Intraday only.
  • #735,318
  • Mar 10, 2023 6:01am Mar 10, 2023 6:01am
Apart from what i posted earlier no clues yet on 4h for timing the entry, for now only a break and close below 1903 shows the way south
Follow The Markets Structure - Patience and Discipline
  • #735,319
  • Mar 10, 2023 6:01am Mar 10, 2023 6:01am
sold 1.1980 sl 1.2080 tp 1.1850


risk what you can afford to lose
MY OPINION NOT FINANCIAL ADVISE
  • #735,320
  • Mar 10, 2023 6:03am Mar 10, 2023 6:03am
Quoting navk
2006 may be high of the day... I am just saying. Watching the PA carefully here.
Actually I've got 2010 as daily high. So far.
yea 4 pips can be a very big deal to some of us scalpers
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