15 pips is 15 pips. figure it will make a couple more bounces in this range before us stock market close.

Cable Update (GBPUSD)

lol well I'm a bull now at 41, 30 min has signs of turning.

Cable Update (GBPUSD)

30 min and 1h are getting decent price action for a rebound, but everything else points they are still going down. oh boy! maybe another place to consolidate.

Cable Update (GBPUSD)

Lol so true, so what us dollar down next with green then up with bern? Leaving gbp/usd probably right back where we started, lol

Cable Update (GBPUSD)

Thanks for the info, I always enjoy learning new techniques to try to enhance my own strategy even if they can't be applied. Somewhere down the road it might be helpful. Don't really know you, but I wish you the best TwoBlink.

Dagny Taggart ~ 1 2 3

Just swing trading here, not too concerned with longer term trends. I can't handle missing all the moves in between, so I trade to be in and out in a day generally. And a bounce off a previous high/low is just too good pass up most times. But on the ...

USDCAD trend reversal?

nice little pin bar off 741 tuesdays s2 on 1h chart, not really sure what to make of it though. Still waiting for fundies, I think the news will be good, but I'm not willing to bet on it.

Cable Update (GBPUSD)

Lol that's what I love about cable it's a swing traders paradise.

Cable Update (GBPUSD)

Why I went long was because of the previous may 6 low also had some other indications, but it looks like its coming back down on the 4h chart, nice PA. Likely retest 962 again, weekly support at 1017. Not in myself, don't like trading 4h with ...

USDCAD trend reversal?

I concur, listen to yourself and your system first. It's fine to get the overall sentiment of other traders. But you you should take your trades based on what your system tells you.

Cable Update (GBPUSD)

Ah the daily high low, I need to get back to using them more. When I first started that was about all I used. If near daily high = short, if daily low = long. Surprising how effective that was, I sometimes had too hold positions for a day or two. ...

S & R Cracked

Yep all about the fundies now, it sure looks like it wants too come down, it won't take much of a push at all to come down.

Cable Update (GBPUSD)

Is that a trailing stop? it sounds huge for the time frame unless it's a trailing for something like GBP. With support and resistance levels it's fairly easy to get hard stops under 25-35 for an hour chart, 40-50 on the 4h. I generally don't even ...

Time/Leverage/Price action = Pips

I mean it's likely to stay in a close range, at least until the aud and jpy markets open. Most times without support from the 15 minute chart, the 5 minute chart will not make big move. So when you get a bunch of time frames going in different ...

Cable Update (GBPUSD)

looks pretty crossed up right now and trapped under the S1 pivot, I do have the 15 min and 30min coming up rather weakly but the 1hr is still bottoming. Also 4hr and daily are still coming down pretty good. Not a trade I would take just yet, but ...

Cable Update (GBPUSD)

Yep lots of support down there, yesterdays pivot 741, weekly 716 and todays 699. Thinking it's more likely to fail and make a slow crawl up after some consolidation. But with the major markets closed and news coming tomorrow, I'm likely waiting ...

Cable Update (GBPUSD)

The same way, doesn't matter to me which time frame I'm on, but I do like the next higher time frame chart to line up with the lower time frame chart I plan to take profit off. Most times I prefer at least 3 time frames in my favor. Gives me time to ...

Multiple Time Frame Trading: In a divergence, which frame dictates?

lol it's gunning for that support, looks like it's not done testing it.

Cable Update (GBPUSD)

Wait and see attitude for me, it has good support right now, if it breaks 741 I might consider going short. Figuring it will most likely hang in this area for a bit.

Cable Update (GBPUSD)

For the horizontal lines there are two ways I know of, one is drawing lines in areas of consolidation. The other is using a formula. For the formula there are scripts out there that can draw them automatically or calculators that will do the math ...

S & R Cracked