Cabot101Management

Cabot101Management Updated 

Hey everyone , So been trading this pair the last few days up and down and its going well , Anyways some USD data today and its been strong the last few days there seems to be a risk off sentiment today, with the indices in the red. I feel Gold and safe havens will be the flavour of the day , Im on this pair for the reason that I feel the USD may see some...

Cabot101Management Updated 

Hey everyone , So i've used a line chart to simplify this for now , Some obvious thoughts here , It's not liking the 0.5 fib line sellers seem to be defending it well , plus I feel as its below the 200MA and now slipping below the 50MA we could see this break out of the pennant. I also feel Gold is pulling back for now from some profit taking short term . If...

Cabot101Management Updated 

Here is the 4HR chart for this pair , Im going to also post the Weekly as it will help us gain some perspective , looks like on the day GBP profits are being taken for now after the BOE comments . Long term we are bullish this pair and right now you can see it's in a downtrend channel short term, but its about to be hit with price support and weekly T/L support ....

Cabot101Management Updated 

Okay Guys / Gals We got triggered on this trade , remember the previous post May 5th see archives , make the trend your friend for consistent pips ... Down we go some Cpi data due out today which could help this go further down . Going to ride the train down until 1.3930 T/L support . Happy trading people .

Cabot101Management Updated 

Okay everbody , Here is a classic example of trading with Fibonnacci levels , We are bearish this pair , so we have entered short again for another leg down on the 0.618 fib line @ 0.6110 and were gonna ride it down to the 0.6060 area where the buyers stepped in last, and this happens to be 0.618 to 0.618 so lets see how we go .... #LoveFibs Happy trading .... :)

Cabot101Management Updated 

Okay everone , We have switched to the 30min chart here for some clarity on the day , remember we rode this up 75pips , now we can see it turning over at the zone marked at price resistance , so what to do, well just lower down it broke through another zone . Best way to trade this today , short at a retest of the resisance zone marked 1.0850 then ride it...

Cabot101Management Updated 

Going long on gold . Chart says it all :) riding up to 1720 area

Cabot101Management

What a trade !!!!! So sometimes when your in something along your trading plan, you will get that trade along the way that just pops , well this is the one for me this week , we got in at the 2.02 area marked on the box and thanks to the RBNZ comments this just had a lighter put under it :) How did everyone else trade it ??? If this can break above this next...

Cabot101Management

Hey everyone so , Please see yesterdays post about Fibs , we got 60 pips off this on the way down , and now we see its trickled all the way back down to the T/L support off the back of QE news . Remember this is fresh news todays and the NZD is feeling the effects of it but T/L support is holding up on the first test . In my opinion im gonna wait and see how it...

Cabot101Management Updated 

Hi everyone , So break of Bull pennant to the upside and T/L support has kicked in ,we are long this pair until the blue box 75 pips then on to next target 1.09 :) Quite simple ..... Happy trading. Ps. What's everyone's thoughts ??? please feel free to share your ideas .

Cabot101Management

Okay guys/gals , Once this crossed the old weekly support to the downside we got entered short , expect this to trickle lower on the day due to some USD intraday buying.......

Cabot101Management Updated 

Hey people , So just reiterating on the earlier post , Im going to be entering post NFP result , keep a sharp eye on the numbers as due to the obvious world pandemic with Covid 19 this is expected to come in lower , however if it comes in quite a bit lower this will cause some selling which is why I have set my entry on the last candle low , as I reckon this...

Cabot101Management Updated 

Hey everyone happy friday , So once again this has been in a channel and its fast approaching the weekly old T/L support , which could act as resistance, will it ? well here are some factors, USD weakness across the board right now and more importantly NFP today which I beleive some pricing has been factored in but not all . So I feel a break out is imminent...

Cabot101Management Updated 

Hi Peeps , They say the charts don't lie and for now this is no different, we should all know whats going on Fundamentally right now with OIL , USD short term weakness ..... but this pair will move today in US trading time based on ( ISM Non-Manufacturing PMI ) its expected to tick lower 37.5 exp vs 52.5 last time . If this ticks lower than expexted then we will...

Cabot101Management

Hey peeps , So we are long term bullish Gold for the obvious reasons , this will be a nice set up when we get entry again around the T/L support of the 4HR chart. Trade Rating - 7.5 Entry @ 1675 S/L @ 1650 T/P @ 1730 Enjoy the day .......

Cabot101Management Updated 

Hi people , Now look if your a trader you trade what you see from the charts , this one has caught my eye ... now i'm an avid seller on the Euro rallies , however im going to take half a position here long at the 200 MA as it should get a bounce. If you wanted to be extra safe you could wait until ISM PMI US trading time or even trade off the T/L @ 1.0820 area...

Cabot101Management Updated 

Okay people, So just gonna sit on the fence here for the minute and see what it does when it hits the T/L , USD has a bid right now but as you can see the 50MA has acted as some support ( for now ) , so waiting for a clearer pic as to whether it can get back in the channel or sellers take over ..... Stay tuned :)

Cabot101Management

Well this is dreamy , On the weekly's a break out is on the horizon , entry set at T/L support . Length of trade 3/12 months :0