Overbought means nothing on an indicator, have talked about this before, indicators can stay overbought for a long time and price keeps going in the same direction while all those going the other way are losing their shirts. The only thing that will ...

Cable Update (GBPUSD)

ok im using a different broker and the spike is in there H4 primary trend is up, previous swing down is corrective , H4 is just about to break up into a trend so its long for me

Cable Update (GBPUSD)

My chart is fup,, the spike high on daily is not showing on H4

Cable Update (GBPUSD)

Yes if there is a set up

Cable Update (GBPUSD)

Closed my GU trade , it is just tiring me out waiting for it to move and considering the D1 inside bar and slow movement , i will take 20 pips and be done

Cable Update (GBPUSD)

My only concern with GU is the Daily inside bar which can be a sign of weakness during an up or down trend , however we had limited trading yesterday due to UK being a bank holiday and that may have caused the inside bar. A swing has a beginning and ...

Cable Update (GBPUSD)

I see what you mean but your counting todays bar as a wick when today is not over, if you look at the prior days bar i would consider that wick more relevant, from my understanding of wicks they should be at least two times the size of the body to ...

Cable Update (GBPUSD)

Can you elaborate, which part do you see as bearish on the daily, a chart would help

Cable Update (GBPUSD)

I do not think GY is going down H4 is in correction with a single wave up and there is a very nice irregular flat correction just about finished so any down side looks very short term A single swing is very unusual for a correction and there is ...

Cable Update (GBPUSD)

Roller coaster trading Lost 5k friday then ended the day with 2.5k profit,went to 10k profit again yesterday then gave it all back, stayed in usdjpy and usdchf and opened a long on gbpusd, now in profit again 11k for the day so far (12k now) PS i ...

Cable Update (GBPUSD)

Next resistance for GU is @3700 where price made an expanding flat correction and went down , the exp flat takes in part of the prior downswing for the b wave of abc image image

Cable Update (GBPUSD)

USDJPY and USDCHF from Friday went to 10k profit down to - 1k now back to 6.5 k profit However these two trades are with the 4H primary trend so i was some expecting some minor pullbacks on the way down Trading is NOT a one swing game GBPUSD , we ...

Cable Update (GBPUSD)

3180 was not a higher low until we broke the prior high so there has not been an attempt to break it , 3073 would of been the one to break down Two swings minimum to make a correction can be any pattern , expanding flat, irregular flat ,regular ...

Cable Update (GBPUSD)

I make it 3179 from 4H last higher low to break down ffor any shorts and that would only be 4H minor trend as the primary trend is up. 2653 would need to break down to change the primary

Cable Update (GBPUSD)

Personally i can't see the reversal for shorts, would of at lrsdy expected a break of a swing higher low first, but you never know markets are weird sometimes.

Cable Update (GBPUSD)

It was not really clear, but it made sense to go long following the primary trend of H1 being up and H4 primary trend up

Cable Update (GBPUSD)

Back with the H1 primary trend using the minor waves for entry image

Cable Update (GBPUSD)

Of course it would take more than a week for the weekly trend to change but it is not guaranteed to continue up either for the reasons i stated before ie the primary trend is down, however i am of the opinion that it will continue up for a while yet ...

Cable Update (GBPUSD)

It could very well change over the course of a week, the trend is up but not reversed the prior primary down trend, only the minor trend has been reversed, we are not far off 3500 and with Gu daily range it could easily start trending back down ...

Cable Update (GBPUSD)

I do not think that is fair to say that because there will some other trends lower down the timeframes. Although the weekly is now trending up , it has not reversed the prior primary trend which was a 5 swing down , better explained with a monthly ...

Cable Update (GBPUSD)