Cable Update (GBPUSD)

Quoting elbert3

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{quote} HeY D , i was just making breakfast after reading your rant,, and i to a point , agree with you,, i was going to post to you,,Your letting this trader get to you ,you can see it if you read back just your positing , what your doing is allowing a negative into your mind and trading, instead of you staying positive with your trades you are creative a cognitive mind and behavior, you need to go clear your mind and only come back to the trades when you have done this. I know your trying to protect newbies , and that's great,but when you get out...

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Quoting dean1star

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{quote} Took that down trend yesterday for 50 pips so all in 460 pips for the week, its just saying they could be apples, or oranges, cups of teas or biscuits the point is that it is achievable, the good guys don't walk - such is the life, when you see that balance on your screen then thats the reward, sure u know that one hey. Catch up another day as the next few weeks will show some great moves on this pair. Interesting view on this pair. Trend lines hey {image}

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Quoting dean1star

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{quote} Took that down trend yesterday for 50 pips so all in 460 pips for the week, its just saying they could be apples, or oranges, cups of teas or biscuits the point is that it is achievable, the good guys don't walk - such is the life, when you see that balance on your screen then thats the reward, sure u know that one hey. Catch up another day as the next few weeks will show some great moves on this pair. Interesting view on this pair. Trend lines hey {image}

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Quoting dean1star

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{quote} Took that down trend yesterday for 50 pips so all in 460 pips for the week, its just saying they could be apples, or oranges, cups of teas or biscuits the point is that it is achievable, the good guys don't walk - such is the life, when you see that balance on your screen then thats the reward, sure u know that one hey. Catch up another day as the next few weeks will show some great moves on this pair. Interesting view on this pair. Trend lines hey {image}

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Quoting gfscapital

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GBPUSD keeps pushing upwards despite bad economic data. As per below chart, we see that Cable has a potential to push above 1.4570, which would suggest further strenght. At the moment, I would be cautious as the market is still biased to the downside. Looking at C.O.T – Non-Commercial traders decreased their shorts by 10.4K positions, while dropping only 1.7K longs. We need to see some long orders being placed before we can even think about uptrend in GBPUSD. For now, the extreme scenario is still in play. Open interest shows extreme levels...

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Quoting Ill-b-back

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{quote} my understanding of the COT report is that the changes in long and short trades are not published until 3 or 4 days or so after they are in the market. As such, waiting for the COT report to give directional bias usually means we miss the move doesn't it?

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Quoting gfscapital

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{quote} COT report is not design as a market entry tool. Market can be short term bullish in a long term downtrend. COT report is design to gauge supply and demand of important market participants. Study the chart below to see how extreme levels of commercial and non-commercial positions reversed the trends in the long run. See if you would miss a move using this indicator. This is no good to you if you take 20 pips every time you enter the market and you trade 50 times a day. This is for mid-long term positioning. Example: if non-commercials turn...

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