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Cable Update (GBPUSD)

  • #804,061
  • Jan 21, 2024 6:29am Jan 21, 2024 6:29am
Quoting Jolita
{quote} 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.
Inserted Code
//========//
BRITISH POUND - CHICAGO MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS
Code-096742
AS OF: 2024-01-09
- Non-Commercial Long: 60,684 contracts
- Non-Commercial Short: 39,950 contracts
- Non-Commercial Spreading: 8,002 contracts
- Changes in Non-Commercial Long from Jan 2, 2024: -1,110 contracts
- Changes in Non-Commercial Short from Jan 2, 2024: -6,639 contracts  
- Changes in Non-Commercial Spreading from Jan 2, 2024: -98 contracts
- Percent of Open Interest represented by Non-Commercial Long: 35.2%
- Percent of Open Interest represented by Non-Commercial Short: 23.1%
- Percent of Open Interest represented by Non-Commercial Spreading: 4.6%  
- Number of Non-Commercial traders in Long positions: 22
- Number of Non-Commercial traders in Short positions: 20
- Number of Non-Commercial traders in Spreading positions: 14
 
//========//
BRITISH POUND - CHICAGO MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS
Code-096742
AS OF: January 16, 2024 
- Non-Commercial Long: 66,230 contracts
- Non-Commercial Short: 35,299 contracts
- Non-Commercial Spreading: 9,482 contracts
- Changes in Non-Commercial Long from January 9, 2024: 5,546 contracts
- Changes in Non-Commercial Short from January 9, 2024: -4,651 contracts  
- Changes in Non-Commercial Spreading from January 9, 2024: 1,480 contracts
- Percent of Open Interest represented by Non-Commercial Long: 36.8%
- Percent of Open Interest represented by Non-Commercial Short: 19.6%
- Percent of Open Interest represented by Non-Commercial Spreading: 5.3%
- Number of Non-Commercial traders in Long positions: 23
- Number of Non-Commercial traders in Short positions: 18
- Number of Non-Commercial traders in Spreading positions: 15
//========//

  1. Net Bias: While the Non-Commercial COT data signals bullishness, the initial price reaction suggests a more neutral market sentiment.
  2. Key Findings:

    1. Non-Commercial net long positions increased, indicating growing optimism.
    2. However, GIU's price movement after the report suggests a more neutral response.

  3. Implications:

    1. GBP may have upside potential, but sentiment shifts could impact price action.
    2. Monitor economic and political factors that could affect the pound.

  4. Recommendations:

    1. Approach GBP with caution, considering both bullish COT signals and potential sentiment shifts.
    2. Watch for confirmation of bullishness in price action before entering long positions.

Conclusion:
The Non-Commercial COT data suggests a bullish bias for GBP, but market reaction and potential sentiment shifts warrant a more cautious approach. Closely monitor price action, and news flow for further guidance.

  • #804,062
  • Jan 21, 2024 6:35am Jan 21, 2024 6:35am
Quoting kenny4real
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Good luck with your challenge and play by the rules.

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  • #804,063
  • Jan 21, 2024 6:50am Jan 21, 2024 6:50am
Quoting Headland
...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,...
  • #804,064
  • Jan 21, 2024 6:56am Jan 21, 2024 6:56am
Quoting MwlRCT
{quote} //========// BRITISH POUND - CHICAGO MERCANTILE EXCHANGE FUTURES ONLY POSITIONS Code-096742 AS OF: 2024-01-09 - Non-Commercial Long: 60,684 contracts - Non-Commercial Short: 39,950 contracts - Non-Commercial Spreading: 8,002 contracts - Changes in Non-Commercial Long from Jan 2, 2024: -1,110 contracts - Changes in Non-Commercial Short from Jan 2, 2024: -6,639 contracts - Changes in Non-Commercial Spreading from Jan 2, 2024: -98 contracts - Percent of Open Interest represented by Non-Commercial Long: 35.2% - Percent of Open Interest represented...
Not huge effect really this week.
USD is not weak at all. Only moderately calm before the storm. This week, as previous months money is flooding into US stocks.
Follow media, but chose sides carefully.

Thanks for sharing the report.
  • #804,065
  • Jan 21, 2024 8:33am Jan 21, 2024 8:33am
Both GBP and USD have been moving together lately.
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I have no clue where it's going
  • #804,066
  • Jan 21, 2024 8:45am Jan 21, 2024 8:45am
Quoting LifeRider
Both GBP and USD have been moving together lately. {image}
Whenever that happens, even for brief periods, GU does not move a great deal!
  • #804,067
  • Jan 21, 2024 9:15am Jan 21, 2024 9:15am
I can assure you Nobie started going short In Nov, it was during a Very bullish weekly around 2400.
That was also the time he was shorting Gold which went on to make an all-time high.
I will not answer his boring 10 posts, How I approach trading is by the last weekly or current as we go.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #804,068
  • Jan 21, 2024 9:21am Jan 21, 2024 9:21am
Another week to go again
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#Stay blue. /swinger/scalper/
  • #804,069
  • Jan 21, 2024 9:26am Jan 21, 2024 9:26am
  •  Oylux
  • | Joined Nov 2023 | Status: Natures Best. Nig 🇳🇬 | 66 Posts
Quoting Ehminiz
Another week to go again {image}
what is this . Imagine shey na bp new week ?
  • #804,070
  • Jan 21, 2024 9:30am Jan 21, 2024 9:30am
seeing last friday it bounced last hours , ok. no signal at 2647 , so take a last of the last chance to take control bull , to zero target 2730 to ext target 2759 and if fail any level then next support likely 2630, and breaks there after easily . so watching a last leg up above 2660 !
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #804,071
  • Jan 21, 2024 9:30am Jan 21, 2024 9:30am
Quoting Oylux
{quote} what is this . Imagine shey na bp new week ?

ones your heart starts racing.

just exit the trade.

you are either over trading or over leveraging
#Stay blue. /swinger/scalper/
  • #804,072
  • Jan 21, 2024 9:39am Jan 21, 2024 9:39am
I also read the monthly, the one before and monthly were in as-we-go, which could be an inside candle with only a short time left.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #804,073
  • Jan 21, 2024 10:34am Jan 21, 2024 10:34am
Quoting 7154Superman
{quote} What percent of the profit is the payout?
80%
  • #804,074
  • Edited 10:51am Jan 21, 2024 10:38am | Edited 10:51am
Quoting turnip15
{quote} 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...
Well, that's why I went with a small account.
Although my goal is a $100k account with FTMO. My TFT payouts will fund it
Thanks anyway but kindly mention other Propfirms that are US regulated.
  • #804,075
  • Edited 10:58am Jan 21, 2024 10:38am | Edited 10:58am
Quoting Bones
I can assure you Nobie started going short In Nov, it was during a Very bullish weekly around 2400. That was also the time he was shorting Gold which went on to make an all-time high. I will not answer his boring 10 posts, How I approach trading is by the last weekly or current as we go.

here we go again... paul krugman a new york times economist has a name for these people LOL
https://wwnorton.com/books/9780393541328

ive already debunked bonzeys bullshit but he comes back every month smarting and feeling hurt i got the better of him.. he claims to work at the canary wharf on his profile page and when i called him out on it and said hes a liar he said it was a joke ... i dont think it was honestly...he prolly worked or still does at the wharf but he empties office wastebaskets at night

Quoting Zebi
{quote} so bonzey says he established i went long and stayed long for minus 500 pips when i was bearish since end of august and all of sept like my quotes show in my last two posts.... what makes a person so dense? hes bitter i got the better of him on his 3 black crows call and fabricates shit by taking a countertrend long i took that i ended up closing for a 4 pip profit as proof i sat thru a huge DD? what can one do about such imbeciles?
Quoting Zebi
{quote} {quote} {quote} {quote} {quote} {quote} {quote} i thot i made 4 pips like i said previously but was only 2 LOL thats the sequence of events on my longs...theres prolly more scalp longs that day before i stopped going long countertrend and stayed short till your 3 black crows call which i faded and profited from LOL you forget bonzey i give running updates to my trades taken on hourly or 4H or daily charts LOL why do you have to sink to such depths of dishonesty and try to paint me as big of a loser as you are? heres your dishonest post...read...
so i already debunked his shit but he keeps coming back and saying i went long in november like im still holding those longs when they were countertrend trades ...like a zombie every month especially when he sees im getting more subscribers cause hes jealous nobody pays him any attention LOL

so what can one do with a obtuse and brain dead individual?....except make fun of him

Quoting Bones
I'm going to go short here and if goes up I'm going to add even more. Even if it takes 4 weeks to change the direction there is actually no specified time limit, no stop or target & definitely no chart. Take this as my first live call in 8 years...I'll be quoting it later should it turn out good {image}
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
he went short in october out of spite i guess cause he felt stupid and hes never updated that trade...hes never said if he closed it for a profit or loss...hes never said if hes still holding and averaging ...price has moved 500 pips against his bearish stance and short....so tell me people whats one to do with such a clueless person

i try to update my positions and views but not ole zombie bones
short trump and go long the deepstate
  • #804,076
  • Edited 11:09am Jan 21, 2024 10:56am | Edited 11:09am
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...
youre right

i dont look for him to start shit with him...i didnt mention or insinuate anything about him in any way this past month since dec. 6th after dr dave told bones to get a life LOL...so you see bonzeys petulant responses to drdave LOL

Quoting DrDave
{quote} Nobody, except maybe Zebi, cares--just move along. . .
Quoting Bones
{quote} like I give a fuck
Quoting DrDave
{quote} Your posts prove otherwise.
Quoting Bones
{quote} you fucking move along
Quoting Bones
{quote} how about this, why don't you tell Zebby to move along mate, my 1 post in response to 4 posts overnight, every post I get 4 or 5 back, and they are all long posts. {image}
Quoting DrDave
{quote} "Your posts prove otherwise". I rest my case. {image}
Quoting Bones
{quote} look new guy with the multiple moving average system, you are in no position to ask me to move on, ask the other new guy who posts 4-1 against me, wakey wakey
Quoting DrDave
{quote} Better for you if you focus on trading rather than on your fragile ego.
Quoting Bones
{quote} 4-1 against me I have to avoid the thread I put effort into, course you nutters make it about ego


so you see how fixated he is on me?...all because i disagreed with him about his 3 black crows...he cant play well with people even someone trying to help him like dave i

you mentioned those in your post but do you know those are weekly crows....black crows are a bearish signal but it matters when they happen which is what i was telling him...at support those crows will be boolish which they were

his black crows shud have netted him a 1000 pips since they were weekly but instead he's 500 underwater on his 8 year call if he didnt close it since he never updated that short

when bonzey gets his period once a month he shows up to heckle me but doesnt offer anything constructive to the chat so now he'll be quiet till next month LOL
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #804,077
  • Jan 21, 2024 11:03am Jan 21, 2024 11:03am
I have added somthing constructive=stay away from liars who just turned up from a previous nick like its funny.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #804,078
  • Jan 21, 2024 11:11am Jan 21, 2024 11:11am
Quoting Bones
I have added somthing constructive=stay away from liars who just turned up from a previous nick like its funny.
Quoting Bones
I'm going to go short here and if goes up I'm going to add even more. Even if it takes 4 weeks to change the direction there is actually no specified time limit, no stop or target & definitely no chart. Take this as my first live call in 8 years...I'll be quoting it later should it turn out good {image}
so what happened to that 8 year call ...did you ever close that short you took in october?

first public trade in 8 fookin years on here LOL
short trump and go long the deepstate
  • #804,079
  • Jan 21, 2024 11:13am Jan 21, 2024 11:13am
Quoting Bones
I have added somthing constructive=stay away from liars who just turned up from a previous nick like its funny.

i never said i work at the canary wharf like you did so whos a liar ...your panty liner must be leaking bonzey if youre still talkin to me ...let me know when your period is over so i can have some rest till next month
short trump and go long the deepstate
  • #804,080
  • Edited 11:40am Jan 21, 2024 11:18am | Edited 11:40am
I also posted a few charts and outlooks yesterday, even the monthly I just posted has a point other than just how bad the newly re-invented guy is.
He is busy challenging one of the best traders I've ever seen
On-site guru & also FF member's' psychiatrist, when not drinking tea
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