So here she comes...appraoching 6110 support again....bounce or smash straight through?

Cable Update (GBPUSD)

Just got filled SHORT 6154, stop at 6194 and TP1 is at 6114...be interesting to so if 6174 Murray Math Line holds or whether we will now dive down to below strong support off 6110

Cable Update (GBPUSD)

Lucky you! Didnt print 6150 bid with my broker so didnt get filled. Still patience is the key!

Cable Update (GBPUSD)

First bounce of 6110 area strong support. I am ONLY looking at shorts right now so waiting for rally to weaken at 6164 and 6174 areas. Will be looking to short near these levels and looking for first TP at 6090

Cable Update (GBPUSD)

Wise words. If we get bqck down towards 6100, I expect a very very sharp bounce off this level. If I see price on the 5 min chart clearly open and close above the 7EMA? I may close out hqlf my size and leave the rest to run to limit or breakeven

Cable Update (GBPUSD)

I am filled at -6210 also TP 6110. SL is at -6260, which is comfortqbly qbove the Murray Math Line at 6235 which I expect to provide strong resistance. A confident breqk qnd retest of this level will make me consider switching to the long side, but ...

Cable Update (GBPUSD)

Fully agree. I SEE no reason to go long. I have a "hunch" that we might trade higher, but hunches are not what one should trade. PRICE is showing me that it cannot break minor resistance at 6450 and failed at 6479 which was previous support (1H ...

Cable Update (GBPUSD)

The advantage of only trading a 1 lot! Print on Bloomie showed 6473 Bid, which would have knocked out my stop...but broker print only showed 6472 bid..hence leaving my stop intact. Im pretty sure that if I was trading decent size that would have ...

Cable Update (GBPUSD)

Mmm...that 6418 level held this time for a bounce up to 6445 area...still not enough for me to consider long, but some food for thought re: me short position. Still patience is the key...lets see how this plays out. I am still biased short and ...

Cable Update (GBPUSD)

Ok, my first trade of the day has just been filled: SHORT 6426, SL 6476, TP 6326 Rationale: The 6425-6430 area is previous support that is now resistance. The trend is also confirmed as down on my technicals and hence I am selling into rallies (this ...

Cable Update (GBPUSD)

As I stated earlier I use Murray Math a lot...I am tempted to long if I get a close on the 5 min above the 3 SMA but relly think the trend is still down so will wait for rallies to shorrt into

Cable Update (GBPUSD)

Im thinking that Cable has got the run down out or her system and am now looking for a long entry. I am looking for an aleart candle to close about the 7SMA and a bullish signal candle to open and close above it, before entering. My first traget ...

Cable Update (GBPUSD)

...make that 3 times

Cable Update (GBPUSD)

Final TP Hit at 6545. Non adjusted Total pips for trade = 180; Actual pips realised = +100 (due to Scaled out at, 6675, 6605 and 6545) Im a happy man

Cable Update (GBPUSD)

Taken another 25% at 6605. Remaining 25% left to run to 6545 with stop at 6725

Cable Update (GBPUSD)

Taken 50% size at 6676 and moved stop to breakeven and will let the rest run to 6605

Cable Update (GBPUSD)

In addition to the above...I am only will to go long if price decisively breaks through 6724 and then retests this level as support and confidently hold. Until then, I am looking to sell into rallies.

Cable Update (GBPUSD)

Ah sorry chaps! Sending this from my phone so cant post a chart...Rationale: 6724 is 1H Murray Math Line and price has not been able to break it decisively, despite the very good HPI. That tells me that PRICE is biased to the downside. I will hold ...

Cable Update (GBPUSD)

Short 6725..SL 76750...TP...6675

Cable Update (GBPUSD)

Firstly thanks for the system Thierry. Very simple and can be effective if well managed. I traded it only taking trades in the direction of the trend (determined by 200 EMA) and seemed to work well thus far.

RSI & CCI system