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Cable Update (GBPUSD)

  • #827,401
  • May 29, 2024 12:48pm May 29, 2024 12:48pm
...big U.s data coming up tomorrow (Gdp.) There are already patterns of bullish hidden div on 4hr and 2hr, and these may hold valid whilst price stays above 2675. Speaking of 2675 there is a prev 1hr/4hr/minor dly sw lo zone = prev supp = pot supp that extends down to there, starting on 4hr from circa 2690. 4 x fibs in the cluster 2692-2680 too.

A likely 3rd consecutive HH (@ 2801) on dly will be printed on close of today's candle on that t/f.

4hr then dly below
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Trader with an Edge.
  • #827,402
  • May 29, 2024 12:53pm May 29, 2024 12:53pm
...1hr better shows potential obstacles to the upside. This t/f is in a general downtrend currently.

1hr below
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Trader with an Edge.
  • #827,403
  • May 29, 2024 12:58pm May 29, 2024 12:58pm
Quoting Sammih
{quote} I was long with those targets. Ill wait to see a new high to go back long. I think 201 is imminent especially as 82% of all retail traders are short. This could be a minor retracement
if that be so easy everybody will win every time
People don't plan to lose. They lose because they don't plan.
  • #827,404
  • May 29, 2024 1:03pm May 29, 2024 1:03pm
Quoting Waveskierrob
{quote} Someone said yesterday 90% were SHORT, I asked where they got this info from but they never answered, maybe you could be good enough to let us know which source you get 82% of all retail traders are SHORT. many thanks in advance...
Its rather quite easy to find this information online but here are a few
https://www.myfxbook.com/community/outlook
https://www.dailyfx.com/sentiment
https://www.forexfactory.com/trades
https://www.fxblue.com/market-data/tools/sentiment
I'm high on trading, cant you tell?
  • #827,405
  • May 29, 2024 1:05pm May 29, 2024 1:05pm
Quoting ScalaFX
{quote} if that be so easy everybody will win every time
trader sentiment is not an exit or entry signal
I'm high on trading, cant you tell?
  • #827,406
  • May 29, 2024 1:09pm May 29, 2024 1:09pm
Quoting Sammih
{quote} Its rather quite easy to find this information online but here https://www.myfxbook.com/community/outlook https://www.dailyfx.com/sentiment https://www.forexfactory.com/trades https://www.fxblue.com/market-data/tools/sentiment
You posted ALL retails traders, the links you've put up are but a mere drop in the ocean...
  • #827,407
  • May 29, 2024 1:12pm May 29, 2024 1:12pm
Quoting Sammih
{quote} trader sentiment is not an exit or entry signal
of course that make from this a rapaint indicator in my opinion usuless, is few webside where you can buy volume data or sentiment data but truly this is not all data from market so this can be only one from many factors that can help you some with decisions
People don't plan to lose. They lose because they don't plan.
  • #827,408
  • May 29, 2024 1:15pm May 29, 2024 1:15pm
Quoting Waveskierrob
{quote} You posted ALL retails traders, the links you've put up are but a mere drop in the ocean...
a sample is a subset of a population that is used to represent the characteristics of the entire population
I'm high on trading, cant you tell?
  • #827,409
  • May 29, 2024 1:17pm May 29, 2024 1:17pm
Quoting Sammih
{quote} a sample is a subset of a population that is used to represent the characteristics of the entire population
Ok good luck with that....thanks for replying...
  • #827,410
  • May 29, 2024 1:18pm May 29, 2024 1:18pm
Quoting ScalaFX
{quote} of course that make from this a rapaint indicator in my opinion usuless, is few webside where you can buy volume data or sentiment data but truly this is not all data from market so this can be only one from many factors that can help you some with decosion
repaints? sentiment last quite a while and changing from short to long could take days/months. please research how this data is obtained.

I do not use it to trade in any case and Im worried why you disregard info that could assist your decision making so quickly
I'm high on trading, cant you tell?
  • #827,411
  • May 29, 2024 1:22pm May 29, 2024 1:22pm
Quoting BeeTogether
{quote} 127 looking nervous.. as long as we can see below by the time we have data tomorrow 12640 could be on
only a scalp up.
im holding short as main position.
I believe 1.275 area will meet tonight or tomorrow
  • #827,412
  • May 29, 2024 1:24pm May 29, 2024 1:24pm
Quoting Sammih
{quote} repaints? sentiment last quite a while and changing from short to long could take days/months. please research how this data is obtained. I do not use it to trade in any case and Im worried why you disregard info that could assist your decision making so quickly
that is releted to which trader you are, if positions swing you can look at this, if daytrader thats useless
People don't plan to lose. They lose because they don't plan.
  • #827,413
  • May 29, 2024 1:40pm May 29, 2024 1:40pm
Quoting Whale
{quote} only a scalp up. im holding short as main position. I believe 1.275 area will meet tonight or tomorrow
12750’or 12650?
Insane in the Brain..
  • #827,414
  • May 29, 2024 1:41pm May 29, 2024 1:41pm
Quoting Moty
Come on mister goldi 10 pts tp 6 pts sl {image}

Mf !!!!!
Enough with the pushes down and pulls up
Every pair against the dollar gave nice drop
Only goldie is struggling
Drop allready mf
2330 will be by hook or by crook
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yes yes yes
  • #827,415
  • May 29, 2024 1:42pm May 29, 2024 1:42pm
earlier I posted I see 2680 today, is not far from there, price is now at Point that I can easly close worst firsts and let the besties run for bigger targets
People don't plan to lose. They lose because they don't plan.
  • #827,416
  • Edited 2:21pm May 29, 2024 1:48pm | Edited 2:21pm
Long scalp only 2703 target 2730
edit SL 2696 only 7 pips
People don't plan to lose. They lose because they don't plan.
  • #827,417
  • May 29, 2024 1:52pm May 29, 2024 1:52pm
Quoting BeeTogether
{quote} 12750’or 12650?
1.275


Doesn't matter, im out of the long.
  • #827,418
  • May 29, 2024 2:47pm May 29, 2024 2:47pm
if you can wait long enough opportunity will present itself then you capitalize on it
Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #827,419
  • May 29, 2024 2:48pm May 29, 2024 2:48pm
see the target for longs.

I will open longs after asia open
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Intraday only.
  • #827,420
  • May 29, 2024 2:50pm May 29, 2024 2:50pm
I will post again, where i will take long entry for target
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Intraday only.
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Fishbones