Cable Update (GBPUSD)

Quoting TheWraith

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If we are using the same tools as the rest of 90% of traders are, then it's safe to assume we are that 90%. What happens then? See for yourself... {image}

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Quoting Waveskierrob

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Just updated my status... {image} Upload Crop Waveskierrob Status: Best trader ever to have lived 5.0

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Quoting Jolita

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{quote} You also super kind today.

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Quoting dantpm

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{quote} The data you are looking at is the mix IG clients. You have no idea how that mix translates to the total market, how many IG clients are retail, institutional and so on and all that you know for certain is that for every sales contract you have a buy contract. Not sure what you can derive from the data. IG markets does say that they have observed that when their clients are short the market tends to go long.

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Quoting TheWraith

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{quote} Yep. People use the same tools which then creates the majority against which the algo goes and pushes the price in the opposite direction. This is the main point I was trying to say.

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Quoting Steverino832

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https://youtu.be/4FGnb2lgPBA

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Quoting Ziemowit

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{quote} entry is when touch of trendline or first closed rejected candle on m1 m5?

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Quoting TheWraith

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If we are using the same tools as the rest of 90% of traders are, then it's safe to assume we are that 90%. What happens then? See for yourself... {image}

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Quoting josi

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{quote} just in case this is supposed to be a discussion: it is better to give reasons for one's personal inklings/speculations. In that case they can be falsified, discussed, valued etc As far as I can see we are a) in an uptrend (weekly) b) in a retracement (that could, of course, turn into a downtrend eventually)

Attached Image (click to enlarge)

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Quoting Fx3423454

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For the Beverly Hillbillies on this thread. I will reiterate my stance once again... As I said when I first came on this thread. I believe that EURUSD will collapse. When I initially had the misfortune of meeting you losers, I said that EURUSD would collapse and that GBPUSD may fare better than EURUSD, but that GBPUSD was still at risk of a collapse. Many other assets are at risk of collapse, but EURUSD is one of the most obvious. I don't use COT data in my analysis although it was interesting to see that retail traders are mainly the only ones...

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Quoting DrDave

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{quote} Although W1 is clearly in an uptrend, it is clear in your capture of W1 that the uptrend is a rally within the larger MN (actually even quarterly) downtrend.

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Quoting Fx3423454

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For the Beverly Hillbillies on this thread. I will reiterate my stance once again... As I said when I first came on this thread. I believe that EURUSD will collapse. When I initially had the misfortune of meeting you losers, I said that EURUSD would collapse and that GBPUSD may fare better than EURUSD, but that GBPUSD was still at risk of a collapse. Many other assets are at risk of collapse, but EURUSD is one of the most obvious. I don't use COT data in my analysis although it was interesting to see that retail traders are mainly the only ones...

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