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Cable Update (GBPUSD)

  • #810,281
  • Feb 18, 2024 4:30pm Feb 18, 2024 4:30pm
Quoting Waveskierrob
{quote} so show me the flag...
Wave, will you make 300 EUR next week in forex?
  • #810,282
  • Feb 18, 2024 5:11pm Feb 18, 2024 5:11pm
CADJPY SHORT
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  • #810,283
  • Feb 18, 2024 5:33pm Feb 18, 2024 5:33pm
For GU, Bulls are building up, at the end of this H1 candle, we shall confirm if we are buying the Asian session or not
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  • #810,284
  • Feb 18, 2024 5:57pm Feb 18, 2024 5:57pm
Quoting T721
https://youtu.be/HQZBaJAngH8?si=QEhUoU_zgu_LrswW

Boz Scaggs, the very definition of cool
The Lowdown has a killer bass line, goes for every great song IMO

Inserted Video
Don't Leave Money on the Table
  • #810,285
  • Feb 18, 2024 6:00pm Feb 18, 2024 6:00pm
Quoting BigNumbers
For GU, Bulls are building up, at the end of this H1 candle, we shall confirm if we are buying the Asian session or not {image}

If you’re a lazy person my advise for you is to quite forex… If you are lazy forex is not for you.


GU LONG confirmed.
The New Yorkers were not acknowledged. The green line is the new Yorkers traders line


Edit: If the new Yorkers are not acknowledged, the implication is that price might pull back
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  • #810,286
  • Feb 18, 2024 6:00pm Feb 18, 2024 6:00pm
Quoting BigNumbers
For GU, Bulls are building up, at the end of this H1 candle, we shall confirm if we are buying the Asian session or not {image}
it’s a sell
  • #810,287
  • Feb 18, 2024 6:07pm Feb 18, 2024 6:07pm
Lol shocked.me because leaving short from friday
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dont teach me how to buy. im sellers!!
  • #810,288
  • Feb 18, 2024 6:20pm Feb 18, 2024 6:20pm
2650 could be high today
dont teach me how to buy. im sellers!!
  • #810,289
  • Feb 18, 2024 6:23pm Feb 18, 2024 6:23pm
Quoting BigNumbers
CADJPY SHORT {image}
I like this trade hopefully can play out before 12am
  • #810,290
  • Feb 18, 2024 6:23pm Feb 18, 2024 6:23pm
Quoting TraderFX.Id
Lol shocked.me because leaving short from friday {image}
why did you do that?
  • #810,291
  • Feb 18, 2024 6:24pm Feb 18, 2024 6:24pm
Quoting TraderFX.Id
Lol shocked.me because leaving short from friday {image}

Non-Commercial COT Analysis: GBPUSD - February 13, 2024

Net Bias:

  1. GBPUSD: Exhibits a Bullish net bias based on Non-Commercial COT positioning. This represents a continuation of the previous week’s sentiment.

Key Individual Currency Sentiment:

  1. GBP: Examine sentiment and open interest changes:

    1. Position: 45.5% of non-commercial traders hold long positions, indicating a bullish bias.
    2. Change: Increase in long positions compared to the prior week indicates strengthening sentiment.
    3. Open Interest Trends: Increasing OI levels signal growing conviction.

  2. USD: Examine sentiment and open interest changes:

    1. Position: 65.5% of non-commercial traders hold long positions, indicating a bullish bias.
    2. Change: Increase in long positions compared to the prior week indicates strengthening sentiment.
    3. Open Interest Trends: Increasing OI levels signal growing conviction.

Implications for GBPUSD:

  1. Potential Direction: The combined sentiment from individual currencies suggests GBPUSD may move in a bullish direction.
  2. Volatility: Potential for upward spikes in GBPUSD due to speculative positioning reflected in COT data.

Important Reminders:

  1. COT data reveals speculative sentiment but is not a guarantee of market movement.
  2. Changes in sentiment among non-commercial traders can shift quickly.
  3. Integrate COT data with technical and fundamental analysis for a comprehensive view.

Additional Considerations (Optional):

  1. Correlations: Monitor related currency pairs (e.g., EURUSD) for confirmation signals.
  2. Commercial Positions: Look for major discrepancies between commercial and non-commercial bias, as they could signal longer-term shifts.

More Check this post: https://www.forexfactory.com/thread/...8#post14760218

  • #810,292
  • Feb 18, 2024 6:25pm Feb 18, 2024 6:25pm
Quoting TraderFX.Id
2650 could be high today

Closely lines up with daily mid bb
Don't Leave Money on the Table
  • #810,293
  • Feb 18, 2024 6:26pm Feb 18, 2024 6:26pm
[quote=MwlRCT;14760549]{quote} Non-Commercial COT Analysis: GBPUSD - February 13, 2024 Net Bias:

Shhhhhhhhhh speak in whispered tones so Zebi doesn't hear you


Monthly since November 700 pip candle to me shows a bullish bias, could be wrong
Don't Leave Money on the Table
  • #810,294
  • Feb 18, 2024 6:35pm Feb 18, 2024 6:35pm
If you are here and actively working on developing your strategy. I want you to add this tip to your topmost priority.

While developing a strategy, we are always focus on where the take profit is going to be, how much pips gained, how
much money is going to roll in, omg 70 pips 1 standard lot damn I’m Rich!!! That’s is very wrong… instead, Focus on how much draw down or stop loss or how much money you’re going to lose.
Let me tell you something, a good Trader always consider the risk because if the risk is taken care off the opposite will naturally happen i.e Making profits.

This is very important please!

Please do this.. Back test your strategy with how much loss you can incur instead of how much profit you will make.

Tip no.2 is TIME! Most people don’t know how time can affect trading. Time is the only thing that is constant… Think of TIME.. It could be the session, time of opening of and closing of candle, time frame, Just think of time.


Good luck!
My telegram: https://t.me/avidforex
  • #810,295
  • Feb 18, 2024 6:43pm Feb 18, 2024 6:43pm
Closed long, starting short EUR/USD at 1.0788. TP 1.0768 = 20 pips
You cannot fail if you never give up.
  • #810,296
  • Feb 18, 2024 6:51pm Feb 18, 2024 6:51pm
Quoting Godspromise
{quote} why did you do that?
i thot it will go test low again or more lower to 2500 after correction from 2580, but it never happen..lol

worth to try again
sold 2620 tp open sl 2630
dont teach me how to buy. im sellers!!
  • #810,297
  • Feb 18, 2024 6:56pm Feb 18, 2024 6:56pm
Gold long is building up… Bear in mind that price can change at any time and when it changes the candle stick tells me ASAP. and I’ll cut my loss.

If the H1 candle close above the dotted grey line. Then we are going long
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  • #810,298
  • Feb 18, 2024 6:58pm Feb 18, 2024 6:58pm
Quoting TraderFX.Id
{quote} i thot it will go test low again or more lower to 2500 after correction from 2580, but it never happen..lol worth to try again sold 2620 tp open sl 2630
it's going tgoinst the low but it has to test previous high from last week friday then tonight into the next day lows are coming
  • #810,299
  • Feb 18, 2024 6:59pm Feb 18, 2024 6:59pm
Quoting BigNumbers
If you are here and actively working on developing your strategy. I want you to add this tip to your topmost priority. While developing a strategy, we are always focus on where the take profit is going to be, how much pips gained, how much money is going to roll in, omg 70 pips 1 standard lot damn I’m Rich!!! That’s is very wrong… instead, Focus on how much draw down or stop loss or how much money you’re going to lose. Let me tell you something, a good Trader always consider the risk because if the risk is taken care off the opposite will naturally...
10-30 pips stop range is my target mostly 20 to 10 pips I want to perfect my strategy to wear only risking ten pips always for at least 20 pips 1:2 risk reward
  • #810,300
  • Feb 18, 2024 7:00pm Feb 18, 2024 7:00pm
Quoting BigNumbers
Gold long is building up… Bear in mind that price can change at any time and when it changes the candle stick tells me ASAP. and I’ll cut my loss. If the H1 candle close above the dotted grey line. Then we are going long {image}
Gold long
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