Hi. Was long cable first, then saw this, decided to pend a short on break of the BEOB instead and go long euro. Bullish 1h pin bar on EURUSD along with usdchf and cable hitting good s/r, but the BEOB on GMT 4h put me in a bad spot. So since only one ...

Cable Update (GBPUSD)

Did you mean 1.9739 (which was reached earlier) or 1.9749 (didn't trade today but was the last high on the 20th december)?

Low Risk, High Reward Trading Experiment

What I meant was there was a rising TL that coincided with an area of s/r that lent itself to an entry on the last day of the year before the close. Picture attached. The IB is an inside bar (inside of prior day's range) and shown on the daily chart ...

Cable Update (GBPUSD)

1.9570ish was a good place The other majors were already running away while cable was still pinned from that massive EURGBP rise. A friend went long there =) We had a break higher of an IB, but this 1.9730 top s/r is keeping a bit of a lid on ...

Cable Update (GBPUSD)

Heya Mike Yea, I was conservative with my target, too, but really only because I was shopping. Came back and saw my 1.9587 limit traded(sometimes the market can be a b... and stop 5-10 pips short of potential danger areas) and position closed for ...

Cable Update (GBPUSD)

A chart for the pin and possible targets, short from 1.9634 here, stop at 1.9640 now. Expecting ranging and failure however, as today is not feeling like very coordinated trading...

Cable Update (GBPUSD)

It does, just click on the bottom right icon in the corner of your post that has the tooltip "edit/delete message" The symbol of the pen/pencil on paper

Cable Update (GBPUSD)

Or whippy as s/r to both sides kicks in Also monthly wasn't exactly huge, either.... But agreed, we should reach a decision soon, either move to the bigger retrace fibs or see where it can go. Back to today, I'm attaching a chart where the bears ...

Cable Update (GBPUSD)

You mean short CHF? Long USD/CHF? Or?

Cable Update (GBPUSD)

Hey Mike, congratulations, that was a LOVELY trade! Seems we now have a full fledged 4h pin bar from that tiny 30M one...you shoulda stayed in with one last bit, we might pin for the day, too Now, if only I could turn back time... ...

Cable Update (GBPUSD)

Some interim targets and s/r zone here I guess, plus we had a normal daily range. Considering it's a thin market and we still have news to come, there's no reason we can't jump around another 50-100. I'd stay out unless you're long from 1.95xx and ...

Cable Update (GBPUSD)

To put this in visuals what I posted 3 hours ago: BUOB on 4h, then moved over the descending TL, then popped free + news boost now.

Cable Update (GBPUSD)

Got a bullish engulfing 4h candle on my timezone, also it seems to be trying to jump over that descending trendline now.... Let's see if resistance or the updrift wins Fixme1too said 1.9612 I believe, I'm highly curious to see what's gonna happen ...

Cable Update (GBPUSD)

I'm not too familiar with the patterns, but we could also have some sort of gartley, three drives, XABCD or whatever....in essence: big rush upwards, some correction in a few purging moves, then up up and away for continuation if it works out ...

Cable Update (GBPUSD)

Hiya, as far as I know the "real" trendlines should connect high/lows that aren't immediately challenged again, i.e. "real" points of support and resistance. The mouteki thread had some rules on that (2 neighbors to both sides need to be 'smaller' ...

Cable Update (GBPUSD)

Oh and also, if you're a nut for trendlines, check out the fun things you can do with seemingly irrelevant old trendlines Zoomed in it looks even more interesting, you can pass the time doing that on your chart ;D I always find it creepy how they ...

Cable Update (GBPUSD)

Hi fixme1too, got a trendline there, too, that should connect. Wanted to thank MM for the praise even though I didn't exactly dish out the wisdom, just added to the confusion It has now happened twice to me that I originally wanted to short but ...

Cable Update (GBPUSD)

"On the global news front, the central bank of the UAE announced their intention to increase EUR reserves from 2% to 10% by selling USD. Governor Al-Suwaidi said it would occur over a nine month period and they would act “during dips”. " Hi MM, ...

Cable Update (GBPUSD)

Btw, since EURUSD and GBPUSD are more or less synched (even with a steadily declining EURGBP) the crosses like EJ and GJ usually go tandem as well as the others like EURCHF and GBPCHF. Just saying because we just had the EURCHF discussion a few ...

james16 Chart Thread

Nice one Habeeb! I tried a few dozen pips to early, just to exit the trade prematurely manually...now I find myself looking at the entry price again....still in beginner shoes sometimes...And to think, I was looking to short 1.9670ish today and ...

james16 Chart Thread