B61! British Pound Futures. Parabolic Short TermLooking for an end to the parabola with either a break or extension to 133 area. A break would give a good short signal to downside with 250 pips downside.BLongby hrastiJan 23, 2019113
BRITISH POUND FUTURES (MAR 2019), 1D, CMETrading Signal Short Position (EP) : 1.2971 Stop Loss (SL) : 1.3039 Take Profit (TP) : 1.2835 Description B6H2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (1.2971) and place stop after 0.618 level (1.3039). Once the position was hit, place take profit before an agreement (1.2835) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $ 0.0001 = +-$ 6.25 Commission fee = -$2.47/contract EP to SL = $0.0068 = -$425/STD-contract Contract size to open = 7 standard contracts EP to TP = $0.0136 = +$850 Expected Result Commission Fee = -$34.58 Loss = -$2,975 Gain = +$5,950 Risk/Reward Ratio = 1.97BShortby SuppasitWechprasitUpdated Jan 18, 20190
BRITISH POUND FUTURES (MAR 2019), 1D, CMETrading Signal Short Position (EP) : 1.2862 Stop Loss (SL) : 1.2907 Take Profit (TP) : 1.2772 Description B6H2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (1.2862) and place stop after 0.618 level (1.2907). Once the position was hit, place take profit before an agreement (1.2772) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $ 0.0001 = +-$ 6.25 Commission fee = -$2.47/contract EP to SL = $0.0045 = -$281.25/STD-contract Contract size to open = 10 standard contracts EP to TP = $0.009 = +$562.5 Expected Result Commission Fee = -$49.4 Loss = -$2,812.5 Gain = +$5,625 Risk/Reward Ratio = 1.95BShortby SuppasitWechprasitUpdated Jan 14, 20190
Long British PoundLong British Pound at 2902, target 2920, stop 2890.BLongby MichaelParksJan 13, 20190
#FXinsights #TradingViewTOOLKIT 4 "Diamond" Hedge Strategy B61!four "diamond" patterns developing on the weekly charts 4 "DIAMOND" HEDGE STRATEGY and short B61! EURGBP short GBPCAD short GBPCHF long GBPUSD long Bby cisTRADINGUpdated Jan 11, 20191
GBP futures ready for correctioncorrection will be three waves ABC might retrace 50% or more of the previous waveBLongby tazevezotoNov 1, 20181
Buy B61! @ 1.3231Buy B61! @ 1.3231 RSI14 crossed above 60. This is not a very strong trend as it is only above MA50 and not above MA150 or MA200. Also note that there was a signal back on the 13th of September, so this is re-tracing. There are better trades to take (better probability), but this one is a contender with a tight stop. BLongby priceaction357Updated Sep 27, 20183
Sell Sterling B61! @ 1.2823Sell Sterling B61! @ 1.2823 RSI14 crossed below 40 on daily TF.BShortby priceaction357Aug 24, 20182
GBP Future SEP 2018 (1d)Trading Signal Long Position (EP) : 1.3196 Stop Loss (SL) : 1.3158 Take Profit (TP) : 1.3255, 1.3321 Description E6 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1.3196) and place stop after 0.618 level (1.3158). Once the position was hit, place take profit before an agreement (1.3255) and 1.3321 Money Management Money in portfolio : $133,000 Risk Management (1%) : $1,330 Position Sizing $0.1 = +-$10 (Standard) Commission fee = -$2.47/contract (Standard) EP to SL = $0.0038 = -$237.5/contract (STD) Contract size to open = 6 standard contracts EP to TP#1 = $0.0059 = +$368.75 (STD) EP to TP#2 = $0.0125 = +$781.25 (STD) Expected Result Commission Fee = -$29.64 Loss = -$1,425 Gain#1 = +$1,106.25 Gain#2 = +$2,343.75 Total Gain = +$3,450 Risk/Reward Ratio = 2.37BLongby SuppasitWechprasitUpdated Jul 9, 20181
Pound Sterling Sell-off reaching multi-decade extreme.The Pound Sterling has been in free-fall since marking a top on April 17 at 1.4413. Weak economic and inflation readings, coupled with a soaring US Dollar have caused funds to significantly reduce their Pound long position, with commercials cashing in their sizeable short bets - and it is this activity that has caught our attention. www.screencast.com On April 17th Commercial traders reported a record net short position of (63,524) contracts, scoring a Maximum Bearish 0% ranking on a 18 month relative basis. During this 6 week selloff, we've seen this reduced by over a whopping 55,000 contracts. In addition to ranking participant net position, we also look for extremes in their weekly activity, and 4 week activity. We can see in the above table that the 4wk change 18 month score has logged in 2 straight + 99% readings, signaling that on a relative basis, commercials have been unwinding their short position at an extreme pace. Price reversals often begin with Extreme Commercial and Fund positions, and once price begins to reverse the preceding trend, it can cause a rapid unwind as the trend following algos are forced out into negative technicals, with the opposing side booking profits. We went back and observed every instance where commercial 4wk change scored at 98% or better going back to 1988. We've seen this 38 times, and price distribution 20 days forward has been as follows: Average Gain: 3.04 cents vs Average Loss: 2.5 cents for 6:5 odds in bulls favor - This is a significant improvement from baseline odds which are 1:1 over a 20day forward interval. Extreme Move Next we wanted to compare this recent drawdown to all 40day drawdowns going back to 1972. What we see is that the current decline of 11+ cents ranks in the 10th percentile of all 40 day drawdowns. Said another way, only 1 out 10 declines have exceeded this magnitude over a 40day interval. While this is not in itself a trigger to buy the pound, we will highlight that you have only 1 in 10 odds of this selloff continuing - not odds we are interested in taking. Rather, we are now stalking for any signs of price reversal. Conclusion The Pound has experienced an extreme selloff during the past 6 weeks as heavily long funds have been forced to unwind their bets into a waterfall decline. We see historically when Commercial traders are heavy buyers, that price outperforms by offering 6:5 odds in favor of bulls. We also see this current drawdown is historically at a extreme, with only 1 in 10 being more severe going back to 1972. However, as price continues it's waterfall decline and a tightening/semi hawkish Fed on deck in 2 weeks, we do not recommend trying to catch this falling knife. Rather we are stalking here and want to see some sort of short term reversal of trend. We use a 4day adaptive channel for short term trend pivots, and will use a closing above this channel as our entry signal. As an alternative, you can also use a 2 day higher high / higher low, or a 3 day high to be printed. www.screencast.com We would hedge this long with a 5 cents put spread for cost of approx 1.35 cents for 65 days. Once price moves 2 cents in your favor sell a covered call 3 cents out of the money for approx .7 cents. This will reduce the cost of your hedge to .65, while leaving your upside at 4.35 for 6.7 to 1 Risk/Reward. If prices reverse lower below 1.30, close your short put as a stop which will still leave your R/R at 3-1. Alchymist Do you know the odds of each bet you make in the futures market? You can by utilizing the power of big data analytics. www.3ptcap.com BLongby Mr_DentMay 30, 20182
GBP Trend reversalThe Great British Pound is not so great anymore. Terrible numbers hammered price down and now it also broke some critical levels. Now that 1.3730 is out of the way I’m looking for a pullback into these levels to get ready for trend contuniation (short) on different currency pairs. I’ll link this chart to some setups we’re seeing now. BShortby krissurMay 2, 20181
US Dollar strength hitting GBPUSDRecent USD strength is moving commodity currencies lower. Double top and break of the swing low could signal more losses for cable to the median line.BShortby trader_55May 1, 20181
b6i deep correction to 1.32 then biggest last rallyb6i deep correction to 1.32 then biggest last rallyBShortby gellanyApr 28, 20180
deep correction level 1.36 or 1.32 on spotdeep correction level 1.36 or 1.32 on spotBShortby gellanyApr 28, 20180
GBP_F GBPUSD. Checkpoint before ECBDraghi and ECB might be the catalyst right at the collision point in a few hours.Bby Artes_Apr 26, 20181
EUR/GBP SellThe spread here a bit wide so looking to buy sterling and sell euroBShortby CBreezyUpdated Apr 19, 20181
Cable crashed preparation ...With involved in Syria War ... I doubt if GBP could break the main trendline, prepare for GBP crashed ...Bby budi.selamatApr 14, 20181
Will this 2nd failed Cable Rebound ? After the mighty dropped GBP tried to pull back and rebound to safest zone but failed and deeper crashed, will this second tryout succeed or will it become another failed pullback that can cause Cable fall deeper ???Bby budi.selamatApr 1, 20182
June British Pound British Pound created a bear flag on H&S drop. Downside potential target is 1.3614 at S2. RSI still has some room for more downside. Outside chance of 1.36. As long as BP stays under the 20 day MA this should continue to drop. BShortby hopscotchMar 2, 20180
GBPUSD Future (CME)***Ideal Double Repo Sell*** EP 1.4144 TP 1.383 SL 1.423MShortby SuppasitWechprasitFeb 17, 20182