Some good support at 4550, HOWEVER, looking at the Price action, I would waiting for further confirmation before even thinking about a long

Cable Update (GBPUSD)

Unless there is a MAJOR spike, inside bar will form on hourly. High 4638, Low 4578

Cable Update (GBPUSD)

Very tough right now...just scalping off the 5 min using inside bars at the moment

Cable Update (GBPUSD)

You gotta laugh!! worse report ever and the dollar rallies!!

Cable Update (GBPUSD)

Im in..Long @4635, SL 4575, First TP 4735, scale out therafter

Cable Update (GBPUSD)

Now the question is..discounted in or not? 4615 as we I type so looks like a cable rally

Cable Update (GBPUSD)

lol...soo true!!! Ive always found it fascinating to watch but I would never trade with it.

Cable Update (GBPUSD)

Closed 50% of size at 9850 for +60 pips and will let remainder run to 9730 or b/e

Cable Update (GBPUSD)

Stop moved to b/e. Will take 50% of size at 9860 and leave the rest to run to 9730 or breakeven

Cable Update (GBPUSD)

Ok..my 9910 SHORt has been filled, SL 9945, TP1 9840

Cable Update (GBPUSD)

Good lesson for any newbies in this thread...never be afraid to admit you got it wrong and close out your trade for a small loss. If I hadnt have done that, I would be nursing a 30 pip loss by now!

Cable Update (GBPUSD)

Closed out at 9877 for +3, dont like the price action..this baby is going down methinks!

Cable Update (GBPUSD)

Im looking for a move down eventually, but have just gone LONG 9874, Stop 9844, TP 1 9924..want to see it bounce of 9869 support and run up to give a nice entry for a short.

Cable Update (GBPUSD)

Erm..did someone just shoot the President??!! 20 pip drop in a 1 min candle??

Cable Update (GBPUSD)

I think there are two things that can improve this method. 1. Rather than use a trailing stop, scale out 1/3rd of size when price is onside the same amount as stop loss and move stop to b/even. We now have a free trade. Take another third when it ...

trading with parabolic sar

Very nice and simple strategy. I trade something similar myself..BUT ONLY IN TRENDING MARKETS. I use Stochs as a filter and only trade in the direction of the trend.

trading with parabolic sar

That doji on yestarday's daily candle looks ominous. Prefer the long side for now.

Daily Cable Analysis

Gosh! what a dull day! Went short at 9710 last night due to Doji on the hourly at 10PM (GMT) which was followed by another. Was looking (or was that hoping?) for a run down to at least 9650, but to no avail. Who said trading was glamorous?!

Cable Update (GBPUSD)

I use Mouteki/TD as part of my suite of strats for differing market conditions. The only "filter" I use is not taking the open of the candle, but waiting until it breaches the previous two candle levels. Along with my other strats, its working fine ...

Anyone still trading Mouteki?

Yes, from 150.05. 65 pip PP.

Mouteki Trading