Cabot101Management

Cabot101Management

Okay so right now we have cautiousness setting in re : covid 19 cases rising in some states of america and India and Saudi this has caused the US stock markets to take a more risk off tone today . What can we trade ? this pair for sure just waiting for a break above the T/L resistance and the 200 MA then we will get in on the pullback. Keep your stop tight though...

Cabot101Management

Riding this until the T/L line support . In @ 1.2530 after the break of the last price support. Happy trading

Cabot101Management

This is dumping based on the USD gaining some strength, break this line and off we go especially if we close below the 1.1240 area on the day , as i said I've been scaling in short for a while now .... If we get a second wave and numbers start to rise again then this will dump ... Stay tuned

Cabot101Management

Okay so very quickly some profit taking and unwinding here , Its back within the weekly T/L for now, if we break above the 4HR T/L then we could see this pop .... eyes on the prize

Cabot101Management

Okay guys so we got in short @ 1.2690 due to the lack of conviction to get back into the channel, Anyway we are about to see the buyers get another chance to push it above another T/L personally I feel they will due to a mixed risk sentiment day today and the USD is waining again on the day as the UK traders have now stepped in, a close above the T/L on the 4HR...

Cabot101Management

Okay Guys / Gals, We have seen this bounce off the 50MA for now, but we have also had a couple of bearish candles prior so a break below the MA and 1.1230 area where there is some good price support will see this continue lower , eyes peeled for now , Ive been scaling in short over the last month . I feel we return back to the 1.09 area

Cabot101Management

If we get a reverse hammer candle on the 4HR close, then we could resume the trend line on the 30m chart and carry on , if so we are back in long on the good old pound.... Happy trading . Sorry been busy but I will be posting more okay :)

Cabot101Management

If this breaks the 0.786 and finishes the week with a prominent candle then we are in short , however if its not too convincing the market is probably taking a breather before resuming up short term for now .

Cabot101Management

Long on the T/L support, been off for a couple of days but I will be back to it soon :)

Cabot101Management

Im gonna be quick here , Do not panic , USD weakness and Eur strength on this pair has seen this push above the T/L resistance , Drawdown can be nasty but in the midst of the MKT chaos I find its always good to scale out and look at the bigger picture , I feel this is going to the 200MA , its also where the 0.786 fib is , but then it will turn over like before ....

Cabot101Management

Hi everyone , So 0.786 fib and the T/L support is up for this pair , plus more imporantly the 200MA has offered its first form of support , I will be waiting for the candle signal on the daily's to see if sellers are now getting exhausted and taking profits , and letting the buyers step back in ... Remember if your short the MKT you have to buy to close out so...

Cabot101Management

This is when the odds stack in your favour , RSI @ overbought levels/ hitting both price resistance and T/L resistance. On the main chart we have the T/L of the upper part of the channel on the candlesticks , whats stopping it from moving well : Price previous support is now resistance T/L resistance Then the 200MA :) Keep an eye on the candle close of the...

Cabot101Management

Not too much to say here , Other than moving in a nice channel upwards , lets see what it does on the 0.618 fib line as its taking a breather ... Initial thoughts BUY gold long term its a beaut ... and accumulate on the pull backs , stay alert ...

Cabot101Management

So Iron ore prices rising , AUD directly correlated to commodites so Aussie strength right now , the GBP has taken a beating but ....... Here is a perfect opportunity , we need a nice hammer on the daily , RSI oversold territory and the GBP is undervalued all this equals me with the biggest smile right now lol..... Plus other pairs are reaching their limits...

Cabot101Management

Please see previous post , The candles are giving us the clue here ... RSI heading towards overbought and we have hit a price resistance zone, right now a bit of sideways action but we will resume down towards the area i've marked, I will be holding until then .... Also USD ( ISM ) today so keep a sharp eye out ..... Who's with me :)

Cabot101Management

3 minutes ago Hi guys , Nothing has changed here i've been selling this with alot of success , the GBP is struggling but the buyers have been stepping in too, as its grossly undervalued but I feel its safer to sell at key points . Well right now its on the 0.618 fib line and we have T/L resistance on the daily along with an older weekly support line ....... so I...

Cabot101Management

Dont be fooled we've had some okay data come out for the euro zone , does this mean brillant euro zone is in the clear lol ...... Don't make me laugh , Same situation as before , the bigger boys are positioning themselves short for the longevity and taking your S/L money along the way i've been buying short since 110.20 and continuing to now, next entry target...

Cabot101Management

So see earlier post on this please , A clear close below the T/L on 2 or more daily's will confirm a break of support , its already below its 200MA so this is bearish already , that coupled with a bumpy road ahead for the GBP and OIL starting to move in the right direction this is a good long term play here .... Stay alert .....