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cable short for gbpusd? 10 replies

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Cable (GBPUSD) vs Euro (EURUSD) 31 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

back later for the check...
Look Sharp/Trade Tight
Quoting palabara
{quote} lol sorry PTL, were not criticizing.. Just discussing.
I know bro, don't sweat it...
Look Sharp/Trade Tight
Quoting eurusd_trade
{quote} I'm seeing 3pips in GU where typically it's .4-.5pip
yea, and for any size its prolly even more...bastards might try to make short work of my stops...
Look Sharp/Trade Tight
Quoting palabara
Hope is not a valid strategy.
Prayer is
Quoting Ken A
{quote} Prayer is
Especially praying to the Forex gods of each curruncy, and sacrificing hot virgins on scale of 1-10 at least an 8, and that might not even be enough!
There are those who know, and there are those who don't know.
Bastards could have been distributed all the way up....not even sure we'll see 1,6800 again.

If so...selling in the coming week should be fast and furious
COT: The precious data ignored
Quoting kuroro001
Bastards could have been distributed all the way up....not even sure we'll see 1,6800 again. If so...selling in the coming week should be fast and furious
A month ago you were the biggest EUR bull right around when EUR was cracking the daily trendline in mid January. What happened to change your mind?
Quoting JimmyC
GU 4H Advance block signalled bearish movement now dropping to first support bounce or break watch 1.667x area for reaction {image}
First gap down to be filled at 1.666. Like this spot for a reaction to retest upper levels.
Quoting edindzeko
{quote} Where you seeing that?
On the Depth of Market plugin of my broker
Quoting Carlicus
I find it extremely strange that in the Bid/Ask, it is currently about 150M in each side, while usually it is half the volume, about 65 M on the bid/ask... This is suspicious
Continuous large volume by algo
I think its going to go up

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Quoting palabara
{quote} Should add to the list.. Hope is not a valid strategy.
Yep. Its not
Quoting redfirm
I think its going to go up {image}
Why?
Quoting eurusd_trade
{quote} A month ago you were the biggest EUR bull right around when EUR was cracking the daily trendline in mid January. What happened to change your mind?
I'm talking about GU mate. This rise on low volume is not safe. Of course its soon to tell as the daily needs to turn over, we'll probably know this week.

About EU i'm short bias but not really convinced yet. Its really struggling to go up. Maybe 1,377x/1,383x before a fall.
Mid jan i've seen buyers, i really thought of a move up, but it's been stuck up, makes me wonder how strong are the sellers up there.

Overall i'm eyeing 1,316x and maybe 1,28xx this year. Risk is toward the downside, so i'll play short "bigger" than longs.

Plenty of time left.
COT: The precious data ignored
Anyone watching the UK100 CFD? Looks like it is ready to roll over here. See attached 1H chart
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All posts are my personal opinion
Well as I said a while ago, I have no strong view at this point until 4H clears up more. We've had some good directional moves in both directions. We're due for a bit of choppiness and whatnot. I doubt this is either the high or the low we'll see in the next 24 hours and currently there is no momentum, so for me this is not the spot for a position.
Quoting JimmyC
{quote} Why?
its been a slow day, the us is closed down. so we are missing a large share of traders. this allowed it to make a bearish movement, but we are hitting the 76,4 fib. and i don't expect it to go under it. those who went short at the top made some profit, but greed will destroy those who dont close their positions soon. we are going to hit 1,68 one more time at least.
Quoting redfirm
{quote} its been a slow day, the us is closed down. so we are missing a large share of traders. this allowed it to make a bearish movement, but we are hitting the 76,4 fib. and i don't expect it to go under it. those who went short at the top made some profit, but greed will destroy those who dont close their positions soon. we are going to hit 1,68 one more time at least.
Greed works both ways, bud.
There are those who know, and there are those who don't know.
Quoting redfirm
{quote} its been a slow day, the us is closed down. so we are missing a large share of traders. this allowed it to make a bearish movement, but we are hitting the 76,4 fib. and i don't expect it to go under it. those who went short at the top made some profit, but greed will destroy those who dont close their positions soon. we are going to hit 1,68 one more time at least.
Bearish movement was on high volume, the small bull now is on very low volume... The advancing block 4hr chart and bearish impulse is more likely to have been selling of long positions due to TP than highly active selling (except for retail who are now Uber Bearish)
So your view is generally in the right direction...

Dead quiet ... Asian session next

G/L
Quoting kuroro001
{quote} I'm talking about GU mate. This rise on low volume is not safe. Of course its soon to tell as the daily needs to turn over, we'll probably know this week. About EU i'm short bias but not really convinced yet. Its really struggling to go up. Maybe 1,377x/1,383x before a fall. Mid jan i've seen buyers, i really thought of a move up, but it's been stuck up, makes me wonder how strong are the sellers up there. Overall i'm eyeing 1,316x and maybe 1,28xx this year. Risk is toward the downside, so i'll play short "bigger" than longs. Plenty...
EU cannot go up, stuck in an area, due to long term traders selling. Short-term traders wont block price movement because there is balance between sellers and buyers of short-term traders. Long-term sellers and buyers do not trade with each other, they primarily trade with short-term traders. Long term traders are not balanced in a price area, short-term traders are.

EU cannot go up, means there are too many long term sellers, blocking price move up. A big drop is going to come soon.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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