Heres what I see now .. Double bottom with bullish divergence on M15 off Daily S1 and 61.8%. Also, that recent pin on the M15 was on high volume (malcolmb this = buying?). This area also has the weekly S1 and monthly M3 pivot point. If an upmove is ...

Cable Update (GBPUSD)

dont keep thinking long .. i may just stay away ... i dont function in these types of markets .. i need solid support or resistance to trade ... popping off positions in the middle of chop = losses and drawdown took 30 so far today so im going to ...

Cable Update (GBPUSD)

ill play this conservative .. wait for a 6300 break then buy on a retest of 6300 lot of resistance there .. and no direction now so we wait

Cable Update (GBPUSD)

6370 is my long target daily R1 (recall i said we bounce from daily S1) and also there is a 138.2 extension there from yesterday. .. this is if my long from doesnt get stopped BE

Cable Update (GBPUSD)

nice entry at support

Cable Update (GBPUSD)

ya the hourly looks like a 123 reversal pattern for now, and price action is bullish still on the 15 minute. tons of resistance at 6300 though, thats the level to beat to move up

Cable Update (GBPUSD)

funny how they ran it down to support and then it bounced .. so predictable. entered long at 6221 .. may turn into a scalp

Cable Update (GBPUSD)

where u get that from?

Cable Update (GBPUSD)

oh long at 6243 i forgot lol 20 Sl

Cable Update (GBPUSD)

2 winners short overnight waiting for some direction then ill go from there

Cable Update (GBPUSD)

stocks will make it a bit clearer .. and also depends for me what price does about the daily pivot (6238)

Cable Update (GBPUSD)

you need to calibrate them to 00:00 GMT i use MT4 from Forex Ltd. there time is set purely to GMT with no offset. you need to figure out what time your brokers mt4 is in, convert it to GMT and then figure out what 00:00 gmt is on your mt4 and set ...

Cable Update (GBPUSD)

stocks will lead the way too

Cable Update (GBPUSD)

based on the pivots theory .. since the low today was at daily S1, the highe should be at daily R1 (6388). usually happens on non news days since they are purely technical we'll see, thats if we are bullish now .. im still waiting for my trade to ...

Cable Update (GBPUSD)

if we clear 6300/30 nicely, then 6430 (daily 38.2% fib) is next

Cable Update (GBPUSD)

euro back above 1.4 so we might see some up in cable. im waiting for a re-test of the daily pivot to get long

Cable Update (GBPUSD)

placed a buy entry order at 6243 .. wait for a fill and see what happens only about 15-20 pip stop

Cable Update (GBPUSD)

candle wicks definitely show some selling at the level but that lows off the pivot are higher, suggesting that it will break .. if it does ill wait for a pullback to long off of it

Cable Update (GBPUSD)

currently flirting with the daily pivot and under the daily pivot i said i am bearish, above bullish .. lets see if 6238 breaks ..

Cable Update (GBPUSD)

you have meta trader right

Cable Update (GBPUSD)