Do any of you have the seasonal tendencies images, or can tell me where I can get them?
I subscribe to pricecharts, and have been able to tie back the pricecharts data to COT. Try these for the seasonal.
Equity Clock ļæ½ British Pound Forex (FX:GBP) Seasonal Chartā¦
GBP/USD :: SeasonalCharts.de
Anyone looking for setups this morning?
Was tempted to short Fiber @ 1.3275 (OTE, new larger trading range 62% retracement level, HTF resistance) , didnt trade it though. Seemed too obvious, but I guess it could be a reasonable tradeā¦
I genereally like to let the markets settle after a big drop like that
I saw the same thing as well, I donāt really want to sell after such a big drop as well.
I placed a Cable sell limit @ 1.52215, was looking for a run up (Judas) into the 62% OTE.
Still feel itās a down day for the Cable, as retailers are ever more convinced to go long :19:
Yes, pity though, nice 30 pips just there now 
Maybe weāre just going straight to 1.30 
Fiber OTE from AR Hi 132728
Taken TP1 38 pip
TP2 stop moverd to just above dS1 to lock in 47 pips - will let it run from here
Iāve missed several great trades this week by 1 to 5 pips, will not bore with the details., so was actually was a little surprised to get filled today. Worst case now is 38+47.
While I missed the move, Iāll still be watching the HTF levels from this post: 301 Moved Permanently
Some support @ 1.32/1.3210 OTE sweet spot zone of the current trading range. Nice rejection on the 1H TF currently.
We still havent popped that high on the USDX though. If we retrace enough (AR low or OTE), Iād probably look to get in for a short during NYO under the assumption that we will form a new high on the USDXā¦ If we pop the highs before NYO, Iāll probably not take any trades today.
Im glad someone caught it! Nice one!
Iād like to see 1.3140 tagged. It looks like it has the legs for itā¦
Richard
You may find these MT4 Function of use. Start at page 1
Guys, I am so confused right now as to how I should be looking at the market for the eurusd and I really need some guidance.
4hr TF is telling me that MS is down, lower highs and lower lows. The swing from 1.34320 down to 1.31780 hasnāt had a retracement, maybe to 1.3320 before another leg down perhaps?
Then looking at the daily swing high from 1.30 to 1.37 shows a potential for OTE long with long term MS showing higher highs and higher lowsā¦ potentially somewhere around 1.313 to 1.316. But in saying that, a head and shoulders pattern was formed and this may be a sign for change in trend?
Edit: After some thought, I guess the best way to figure this out is to see how price acts at 1.313~ due to that leg up early Jan for a rebound (Jonnycab you mentioned this) and an OTE long should appear on a shorter 15 min tf. Is that the right way to approach this?
Right now Iām more concerned about where the USDX thinks itās goingā¦ but let me think about it
Hmmm. Thereās been a bounce from a leg down late June last yr which also lines up with 50% retracement. Next possibility is the 62% retracement @ 82.15.
Yeah it dropped below the Daily R1 on my DJ USDX chartā¦ It looks like itās retracing, my cable short got stopped outā¦
Really not too sure what to make of today, I have never traded with the Asian range at 140 pips, (Cable) was trying to short but divergence says noā¦ almost looks like they are now selling Euros & buying Poundsā¦ :33:
After that brutal slide yesterday (200pip Daily candle on the Cable - must be one of the largest ranges for a long time?) I was expecting some sort of ācorrectionā or at least consolidation during LO. No real new items to effect volatility until 13:30 when some US data comes out.
I was expecting something similar on the Fiber, which is why I didnt enter this morning, typical really
Yeh well you must be right cause all the big US news that just came out didnāt cause a ripple on the charts