Having said that, a drop before the spike higher makes a lot of sense, It is pretty uncertain right now. We may get the drop first and then the spike to 1.38 +

Cable Update (GBPUSD)

I like lots better than trader percentage. It is the stop losses of the lots that produces the fuel when they are triggered.

Cable Update (GBPUSD)

Watch out with the sell, Moty. Positions are 80/20 in favor of a down move. That´s a lot of gasoline for the Bulls.

Cable Update (GBPUSD)

I agree but I see the break of 1.3700 upcoming this week, maybe today. Next stop 137.50 to 138.50 area.

Weekly COT report Analysis + Trade Ideas

Shah, I see a pretty good possibility of GU moving quickly to 1,4000 in the next few days (Blue Box). If you look at the second chart, EURGBP is about to break the neckline on a large head and sholuders, so GU could be rising while EU is falling.

Weekly COT report Analysis + Trade Ideas

1.4000 is possible in the next few days before the drop (Blue Square).

Cable Update (GBPUSD)

Long GU at 1.3550. TP 1.3750. If it drops more I will add more.

Weekly COT report Analysis + Trade Ideas

Happy New Year to you and all here. Up till a couple of days ago, the USD had a clear inverse correlation with the stock market. In the past 2 days the market is soaring and the $ is stronger... Go figure.

Weekly COT report Analysis + Trade Ideas

Can anyone explain a 150% rise in the Russell 2000 since March? Especially today with a stronger $?

Weekly COT report Analysis + Trade Ideas

I think the key resistance is the 1.3635 area marked by the Blue square (Confluence of the down trendline and the swing high level).

Cable Update (GBPUSD)

I like your conservative approach. You probably stay pretty much out of drawdown this way. I like to jump in earlier, but I will consider your approach. Looking forward to your PDF.

Cable Update (GBPUSD)

What target do you get if the harmonic is confirmed?

Cable Update (GBPUSD)

An AB=CD move targets 1.38. If C is done at 1.3532 and that is a big if... we may blast through to 1.3806

Cable Update (GBPUSD)

Also HGI is saying higher, The gold wavy lines indicate the end of the leg and reversal. They are usually pretty accurate.

Cable Update (GBPUSD)

GU is having trouble breaking the 61.8 Fib retracement. It may bounce here.

Cable Update (GBPUSD)

Thanks for the info.

Cable Update (GBPUSD)

What specifically are you looking for to serve as confirmation? In what time frame? Thanks.

Cable Update (GBPUSD)

Thanks Wave. I will look for it. I have been following your posts on this thread and the system seems solid.

Cable Update (GBPUSD)

Hello Wavegarrick. Where can I read about your system in detail? Thanks.

Cable Update (GBPUSD)

Thanks.

Cable Update (GBPUSD)