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Cable Update (GBPUSD)

  • #804,041
  • Jan 20, 2024 4:53pm Jan 20, 2024 4:53pm
i been bearish most of december and all of januarary since christmas on weekly and monthly charts ....what has price exactly done the last 4 weeks except range

you have to ask yourselves gentlemen...are you gona listen to bonzeyy and coreg shit after the fact or think for yourselves and anticipate what price does

those two plus nubbie just know how to fling their own shit around like zoo monkeys ...have any of them made a realtime trade?

the one time bonzey did after 8 long years he screwed up ROFLMAO

you came out of the woodwork to start shit with me in december...its like you show up once a month to get bitchslapped LOL...heres my response from then
Quoting Zebi
{quote} what ever happened to this trade bonzey...i asked you before but you didnt answer...did you close for a lose?...did you average or you still sitting in a DD on thet short LOL {quote} 8 fookin years you didnt contribute anything useful to the room and the first time you tried you failed...ROFLMAO
short trump and go long the deepstate
  • #804,042
  • Jan 20, 2024 4:57pm Jan 20, 2024 4:57pm
you must be a tory cause everytime i mention they killed your currency you pop up ...like coreg is a trumptard...he dont like it when i say derogatory things about donald or republicans LOL
short trump and go long the deepstate
  • #804,043
  • Edited 5:56pm Jan 20, 2024 5:14pm | Edited 5:56pm
There is a lot jargon concerning price action for next week's opening session on GBPUSD. I'll explain where price is going in very few and simple terms. You can bet with a high amount of confidence price will follow this story.

Price has rallied up and tested this daily key level in yellow 5 times (4 times if you don't count the wick, could've been news data idk). Each time it tests this zone it sweeps the next level of liquidity to build downside momentum, failing each and every time. Price has 2 more liquidity zones to sweep (marked by the white lines) so it can have enough downside momentum to break through this daily level.

TLDR; Buy, take partial profit at 1st dashed line incase of reversal, take full profit at 2nd dashed line (which is also a weekly level).
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  • #804,044
  • Edited 5:29pm Jan 20, 2024 5:18pm | Edited 5:29pm
Quoting Bones
For the record, because there are a lot of other thickies who don't keep track of how long he's been wrong or how far it goes on the two times he took a position, in & out like a yo-yo, with fake no parameter real trades, but also calling the weeklies like a pro {image} {image}
i faded you and your 3 black crows...ythats one example

remember when i posted the dollar shooting stars chart?

you disputed that call and when it panned out you shut your mouth...what happened to the dollar after i said it was bearish on weekly LOL

Quoting Zebi
{quote} {quote} 2 weeks ago i made this post about dollar weekly chart and the shooting star candles so pretty much happened as i outlined...GU doin the herky jerky dance like elaine bennis in seinfeld LOL so even tho i knew price would do the inside candles i closed a long last thursday or friday for a loss because fear of price testing the shooting star high... instead of averaging down i buckled to my emotions and the stretched ranges of the weekly chart... im long from monday and added today cause we'll see 2300 on GU the dollar will fall to...
Quoting :+1:Zebi
{quote} yeah im doing well..thanks this reversal candle at resistence on weekly dollar chart makes me so happy winning a competition against someone you dislike feels very good i expected price to retrace to 104 a week ago but the way the dollar shot up and overextended during the shutdown crisis it may undershoot and fall to 103 now {image}
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short trump and go long the deepstate
  • #804,045
  • Jan 20, 2024 5:19pm Jan 20, 2024 5:19pm
thanks bonzey for allowing me to insult you again by using facts and my old trade calls


come back again bonzey...i still have more stuff to post LOL
short trump and go long the deepstate
  • #804,046
  • Jan 20, 2024 5:33pm Jan 20, 2024 5:33pm
Quoting dantpm
{quote} Thanks. If I had printed it, Zebi still wouldn't have believed it.

nothing personal dan... im like edgar allen

“Believe nothing you hear, and only one half that you see.”
― Edgar Allan Poe


shame todays youngsters dont read the classics in school anymore cause they fall for and believe all the shit on youtube and tiktok LOL
short trump and go long the deepstate
  • #804,047
  • Jan 20, 2024 5:38pm Jan 20, 2024 5:38pm
Quoting kenny4real
As I mentioned last week, I've finally bought a $10k Propfirm account @ 50% discount for $49.5. It's My first prop account and it's a 1 phase Challenge! Let's see how God carries me with this...one thing I know is, it's far better instead of trading my $50 account, I now have $10k to trade with. I just have to play by the rules and be disciplined . Glory awaits! {image} {image}
What percent of the profit is the payout?
You cannot fail if you never give up.
  • #804,048
  • Jan 20, 2024 6:50pm Jan 20, 2024 6:50pm
BY GRACE OF GOD ONE CAN LOOK AT THIS BY CODER & TRADER

SELL SETUP
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BUY SETUP
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THANKS & REGARDS
KABIR IS ALMIGHTY GOD. RIGHT WAY OF WORSHIP=ROI, WRONG WAY OF WORSHIP=LOI
  • #804,049
  • Jan 20, 2024 8:40pm Jan 20, 2024 8:40pm
BY GRACE OF GOD
GBPUSD CONFIMRED AS WEAK SETUP ON 1MIN TIME FRAME.
I FOUND PRICE NEED TO RETEST MINIMUM LEVEL OF 1.26824 FROM THE CURRENT LEVEL BEFORE ITS DIRECTION CONFIRMS.
SO ITS ALL HOW WE MANAGE THE TRADE DURING UPMOVEMENT OF CURRENT PRICE.
LET US SEE IT ON MONDAY.
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KABIR IS ALMIGHTY GOD. RIGHT WAY OF WORSHIP=ROI, WRONG WAY OF WORSHIP=LOI
  • #804,050
  • Jan 20, 2024 10:41pm Jan 20, 2024 10:41pm
what a great packers-49ers game

i wanted the pack to win so my bears fire their quarterback
short trump and go long the deepstate
  • #804,051
  • Jan 20, 2024 11:32pm Jan 20, 2024 11:32pm
Quoting naick
BY GRACE OF GOD GBPUSD CONFIMRED AS WEAK SETUP ON 1MIN TIME FRAME. I FOUND PRICE NEED TO RETEST MINIMUM LEVEL OF 1.26824 FROM THE CURRENT LEVEL BEFORE ITS DIRECTION CONFIRMS. SO ITS ALL HOW WE MANAGE THE TRADE DURING UPMOVEMENT OF CURRENT PRICE. LET US SEE IT ON MONDAY. {image}

Non-Commercial COT Analysis: GBP/USD (January 16, 2024)

Focus:

  1. Analyzing Non-Commercial COT data to assess sentiment among speculators for GBP/USD.

Key Findings:

  1. GBP: Non-Commercial traders are significantly bullish, holding 66,230 long contracts vs. 35,299 short contracts.
  2. USD: Non-Commercial traders are moderately bearish, holding 3,325 long contracts vs. 17,005 short contracts.
  3. Combined Sentiment: The net Non-Commercial positioning suggests a bullish bias for GBP/USD.

Implications for GBP/USD:

  1. Potential Upward Pressure: The bullish sentiment among Non-Commercial traders in GBP could support a potential rise in GBP/USD.
  2. USD Weakness: The bearish sentiment in USD could further contribute to GBP/USD's upward momentum.
  3. Volatility: Strong Non-Commercial positioning often precedes increased volatility, suggesting potential price swings in GBP/USD.

Cautions:

  1. COT Data Alone is Insufficient: It's crucial to integrate COT insights with technical and fundamental analysis for a comprehensive trading outlook.
  2. Sentiment Can Change Rapidly: Non-Commercial positioning can shift quickly, so continuous monitoring is essential.

Recommendations:

  1. Consider Long Positions: Based on the Non-Commercial COT data, long positions in GBP/USD may be worth considering.
  2. Confirm with Technicals and Fundamentals: Look for technical and fundamental factors that align with the bullish COT sentiment to strengthen the trading thesis.
  3. Manage Risk Carefully: Implement appropriate stop-loss orders and risk management strategies to protect against potential losses.
  4. Monitor COT Data: Track changes in Non-Commercial positioning to adjust trading strategies accordingly.

Conclusion:
The Non-Commercial COT analysis suggests a bullish bias for GBP/USD, driven by strong bullish sentiment in GBP and moderate bearish sentiment in USD. However, it's essential to use this information in conjunction with other analytical tools and sound risk management practices for informed trading decisions.
=

For USD Index | https://www.forexfactory.com/thread/...5#post14726475

  • #804,052
  • Jan 21, 2024 12:02am Jan 21, 2024 12:02am
Quoting Wavegarrick
{quote} Gu has played in this range between 1.2750 towards 1.2800 and 1.2600 since early December. Not an easy pair from a long term perspective. Bright side is that Gu closed back above 1.2700 for the week and above my future daily pivot at 1.26916 ish. Moving averages are converging from a 4hr perspective so should see decisive moves soon. My future weekly pivot at 1.26871 ish in confluence of my monthly pivot an area to look for buy entries with targets of 1.27500 at least. 20th to month end should see decisive moves.. Have a great week, Cheers...
Hello Leon, I'm seeing a possible bull move to 1.2880 area. The support at 1.2600 has held so many times and this tight range is usually followed up by price break out. January so far has only produced 190 pips with minimum expected range for this January being 275 pips to 320 pips...

Quick simulations
1.2596 + 275 pips = 1.2871
1.2785 - 275 pips = 1.2510...

For 1.2871 to happen price must not drop below 1.2660 area in the remaining 8 trade days of this January.
Data + Stat + Risk/Emotions Management
  • #804,053
  • Jan 21, 2024 1:47am Jan 21, 2024 1:47am
GU. But it's Monday tomorrow....
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  • #804,054
  • Jan 21, 2024 2:09am Jan 21, 2024 2:09am
monday is retrace day...gap down to 2670 at asia morning would be nice
  • #804,055
  • Jan 21, 2024 3:00am Jan 21, 2024 3:00am
Quoting Bones
For the record, because there are a lot of other thickies who don't keep track of how long he's been wrong or how far it goes on the two times he took a position, in & out like a yo-yo, with fake no parameter real trades, but also calling the weeklies like a pro {image} {image}
Watch out he doesn't fall in love with you. Some people enjoy being humiliated and he's clearly one of them. An abject loser. Good job, though, but it's not necessary to point out how much of a fuckhead he is... it's clear to all.
Congratulations ScalaFX for coming out of the closet!
  • #804,056
  • Jan 21, 2024 4:13am Jan 21, 2024 4:13am
Quoting Zebi
{quote} oh am i glad you chimed in bonzies...you just made my weekend LOL i guess i can repost my quote about you dumb 3 black crows again LOL im surprised you didnt call out those 3 weekly white crows in november so i can make more fun of you {quote} {image}
I had a 15min spare time and took the opportunity to check the whole thing.
a part from the fact that I find it completely pointless arguing with anyone about price predictions (which is to me even more useless thing), I notice that bones, who is a long time helpful poster in here like many others, enlighted the fact price was going lower after those three weekly bearish candles. And indeed price felt about 400pips more.

so where is the point?

it’s a rhetorical question of course.

I don’t get paid by correct predictions. And I don’t get paid by someone who can be right or can be wrong.
market is complex and there are many changing factors.
i see everyday wrong things posted in the forum, and i see wrong things in my account and my trades.

i am not 100% right.
maybe you are.
good for you.

As of now, for what I see, you are strong bearish on cable. And for what I see, price in last 6 weeks still is 1.27.
So? What is the point?
Price fell 200pips from resistance, but still here.
market changed?
so? Where’s the point in being right or wrong in a prediction?

all rhetorical questions of course.
Market stopped the move up, you were right.
then?
will it continue next 5 months and a half?
possible.
or not.

at this moment, there is nothing confirming this.
maybe will later.

in the mean time, let’a try to find out the evidence for that to happen, or the evidence for the opposite.

that’s it
90% of traders use TA, indicators and prediction
  • #804,057
  • Jan 21, 2024 4:38am Jan 21, 2024 4:38am
Quoting _BBKing_
{quote} I had a 15min spare time and took the opportunity to check the whole thing. a part from the fact that I find it completely pointless arguing with anyone about price predictions (which is to me even more useless thing), I notice that bones, who is a long time helpful poster in here like many others, enlighted the fact price was going lower after those three weekly bearish candles. And indeed price felt about 400pips more. so where is the point? it’s a rhetorical question of course. I don’t get paid by correct predictions. And I don’t get...
Great post...there's no right or wrong just opinions
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  • #804,058
  • Jan 21, 2024 5:22am Jan 21, 2024 5:22am
Quoting kenny4real
As I mentioned last week, I've finally bought a $10k Propfirm account @ 50% discount for $49.5. It's My first prop account and it's a 1 phase Challenge! Let's see how God carries me with this...one thing I know is, it's far better instead of trading my $50 account, I now have $10k to trade with. I just have to play by the rules and be disciplined . Glory awaits! {image} {image}
Is TFT regulated?
As a US-based company, The Funded Trader LLC is organized under Texas law and provides evaluation services to its Customers. The Funded Trader offers Customers the opportunity to trade selected markets on a simulated basis in demo accounts for evaluation purposes only, and is not a broker or financial institution. With this being the case, TFT is not registered with any U.S. regulatory body.

Are the brokers TFT partners with regulated?
We are partnered with third-party brokers which are regulated by various non-U.S. regulatory bodies. This was an important criterion when looking for partners to work with.

Be very careful - at least with such a small account its loss should not make a serious dent in your personal finances. Assuming you are using money you can afford to lose?
every Saint has a past. Every Sinner has a Future
  • #804,059
  • Jan 21, 2024 6:17am Jan 21, 2024 6:17am
Quoting MwlRCT
{quote} Non-Commercial COT Analysis: GBP/USD (January 16, 2024) Focus: Analyzing Non-Commercial COT data to assess sentiment among speculators for GBP/USD. Key Findings: GBP: Non-Commercial traders are significantly bullish, holding 66,230 long contracts vs. 35,299 short contracts. USD: Non-Commercial traders are moderately bearish, holding 3,325 long contracts vs. 17,005 short contracts. Combined Sentiment: The net Non-Commercial positioning suggests a bullish bias for GBP/USD. Implications for GBP/USD: Potential Upward Pressure: The bullish sentiment...
No effect really.

COT report released this report on the 16th of Jan, this when GIU went 100pips lower and retraced back. Trade remained in range.
No signs of Non Commercial bullish bias.
More neutral I would say.

New report is out on Tuesday 23rd.
  • #804,060
  • Jan 21, 2024 6:20am Jan 21, 2024 6:20am
...it would seem that, of those that have shared analysis since Friday's market close, and even for those who have just shared 'opinion,' the consensus is for more upside, (other than perhaps Zebi!) I number amongst for the former, and think there is a good technical case to be made for more upside in the near-term, at some point, -but- I don't know whether this is the greater probability, and I suspect that unless someone (s) else's analysis can give us this, nor do they. It is an important distinction, and judging by some of the postings here, some don't know the difference.

Let's look then @ the potential obstacles to the immediate upside;

On 4hr Friday's 2715 hi was @ the bottom of those prev 4hr sw lo zones = prev supp = pot sbr that extend to circa 2739, with a 3 fib cluster just above extending to 2741/42. Within these pot 4hr sbr zones are a couple of prev 1hr minor sw hi zones = prev res = pot res. Prior to/below these is a prev 1hr sw lo zone = prev supp = pot sbr that has contained Friday's pullback hi, and then of course the prev 1hr/4hr sw hi zone (that is partly coexistent with the aforementioned pot 4hr sbr zones) that extends to Friday's said 2715 hi.

As always, trade what you see not what you think.

4hr then 1hr below
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