15 minute 55-EMA in that area? I see it on mine .. This is another short opportunity on a break of this as well

Cable Update (GBPUSD)

If you're short, lock in some profits .. I have moved mine right above wave 3 here on my 5-min at the daily M3 pivot .. If wave 3 is taken out then we can expect a range into the London open .. Also, the 5-ema looks as if it may cross below the ...

Cable Update (GBPUSD)

1.4330 looks reasonable

Cable Update (GBPUSD)

And that area is minor compared to the 4480/4500 ... i did what i dont usually do and thats take a trade without a 1-2-3 formation off the high, so yes in my case i am gambling if i am wrong, along with others in here, its a 20 pip lesson learned .. ...

Cable Update (GBPUSD)

it's not gambling if you have good money management .. this is a prime area to short! ask a professional, he will tell youu . . .

Cable Update (GBPUSD)

Never buy into resistance or after a period of buying in the context of an overall downtrend ...

Cable Update (GBPUSD)

In at 1.44614 ... TP @ 1.43314 (+130) (50% retracement just above saily M2 pivot) SL @ 1.44814 (-20)

Cable Update (GBPUSD)

15 Minute as well ...

Cable Update (GBPUSD)

I would wait a bit still... but yes it is late and with thin volumes in the next little while anything can happen

Cable Update (GBPUSD)

Looking for a 1-2-3 reversal out of the 1.4480/1.4500 area to get short, target 1.4320 ... I dont know how long the bearishness will last though, we entered the week with a bullish DJIA and a bearish USD index signal ...

Cable Update (GBPUSD)

Topside is still safe for now. Stopped out for -32.5 and -17.8 pips. Stuck in a range bounded topside by the M15 200-EMA and supported by the H4 55-EMA. Looking to short still.

Jack's Log of GBP/USD Trading

Ok I am short at 1.4245 and 1.4230 .. Target is 1.4103 (+ 142 and 127) and stops are right at wave 3 at 1.4257 for both... Daily stochastic has just moved out of O/B territory as well and with plenty of topside resistance I feel this may be another ...

Jack's Log of GBP/USD Trading

Forget the trendline ... Looking for a 1-2-3 off the 50% fib and 15 minute 200 EMA to get in .. 15 minute 200 EMA is providing nice resistance and 5 minute 21 EMA, 1 minute 200 ema, support. Watch for a jolt in one direction, ideally down. Good luck.

Jack's Log of GBP/USD Trading

With an OB stochastic (daily and hourly charts) and an M15 200EMA, and houlry 21/55 EMAs resisting topside ALONG WITH a 50% fib of the most recent down swing, I notice a very nice shorting opportunity. You can verify all these resistances I mention ...

Jack's Log of GBP/USD Trading

Hit my trailing stop overnight for a +110 at 1.42624. Original target would have been hit.

Jack's Log of GBP/USD Trading

It started to move before I went to bed so i had to watch ... In at 1.43724 .. new target at 1.41800 (+192.4 pips) .. stop at 1.43524 (+20 pips)

Jack's Log of GBP/USD Trading

I won't be up to take this trade if it were to play out in my favor but this would be my next play. A break of the larger trendline I have drawn (can be seen above in a previous chart). I would enter on a fib after a break of the hourly 21-EMA ...

Jack's Log of GBP/USD Trading

The 1-2-3 pattern I was looking for unfolded while I was out watching the football game! See my chart .. 1-2-3 plus break of the trendline, wave 3 was a 50% retracement of 1-2 and as planned my target would have been hit at 1.4345 (Was hit on my ...

Jack's Log of GBP/USD Trading

The first chart is a 4H GBP/USD showing you that price is currently at a major resistance level (long gray rectangle). The smaller rectangle was a level previously broken this past week. The second chart is the 15M chart. These are the two ...

Jack's Log of GBP/USD Trading

Here I have two weekly charts, one of the USD index and one of the DJIA. As of recent we have seen USD strongly correlated inversely with the direction of the DJIA and for the most part a linear correlation with the USD index. This is the case for ...

Jack's Log of GBP/USD Trading