Nothing is certain. It's a matter of trade management, risk reward. The movers are supporting buyers at the moment, pushing in the direction of daily trend. However the movers can change sentiment to Sell at anytime...

Cable Update (GBPUSD)

image Looking to take profit @ 1.3595.. Lucky to get done with proper risk reward.

Cable Update (GBPUSD)

Nice entry. I"ll be watching out for reaction at touch of 1.3540/45...

Cable Update (GBPUSD)

But not taken off eventually. I was convinced it couldn't be until price breakout of Intraday low to the downside... A renewed Bull Strength save the situation. Can it be sustained ? Let keep watching...

Cable Update (GBPUSD)

Incase of breakout to the upside, what price is the next premium level ? Thanks...

Cable Update (GBPUSD)

Yes, higher probability now in favour of buyers with same entry price as yours. However, I will be a little patient for more confirmation to avoid hard entry.. Thank goodness for the Asian Session that gave me opportunity to break even on my last ...

Cable Update (GBPUSD)

Yeah! this further consolidate the possibility of the Bull breaking out of the bracket. However, the difference between where price is operating at the moment and the real entry for Buyers comes with allowance of about 100 pips.. which means there ...

Cable Update (GBPUSD)

1st TP @ 1.3530. 2nd TP @ 1.3480 subject to review.

Cable Update (GBPUSD)

I have a Sell limit order @ 1.3580 Stop 1.3602 (22 pips risk)

Cable Update (GBPUSD)

Not yet a buy... 4 hr. trend is still Sell but contended with 4 hr. demand zone. It's normal to see such a shake up until breakout to either side..

Cable Update (GBPUSD)

I am seeing a bracket that is caging Buy and Sell. Selling from the Top and Buying from the low.. Until the current weekly high is broken to the upside, we are in a Range Trade. Just my own perception.

Cable Update (GBPUSD)

The problem is holding on to Short trade from 1.3530.... to throw back 65 pips. It's totally wrong to Sell at 1.3465 demand zone but existing sellers may be hoping for a break to the downside.

Cable Update (GBPUSD)

Check your PM. Nice one.

Cable Update (GBPUSD)

What time frame ?

Cable Update (GBPUSD)

In contrary, I see liquidity grab into the existing Short trade set-up. This happens in most cases before strong price move to a predetermined direction. Real price into a direction is always tested 2 or sometimes 3 times. This is the reason I ...

Cable Update (GBPUSD)

I think your analysis is the opposite direction to theplace. You are saying Sell with good entry at 1.3525 and above... 3418-3315 is also a zone where Buyers will come in... Please correct me if I am wrong. Thanks

Cable Update (GBPUSD)

Yeah! I got the point. I just used that expression to point out that no matter how successful, FOREX MACHINE still remains the MASTER.... If you make profit today, tomorrow might not be your day.. And the ONLY solution is Risk Management. However, I ...

Cable Update (GBPUSD)

The most important here for me is that he demonstrated his ability to generate profits which is sufficient enough to validate his process. However, in real live, you don't risk more than 1% of equity/capital which means 100% profit cannot be ...

Cable Update (GBPUSD)

My own Support is at 1.3450/60 zone established by yesterday's low. A break below the level is key for Sellers to succeed. I am already in a Short since yesterday from 1.3530 hoping to see more downside to 1.3390/1.3400. Have a nice pipping day bro.

Cable Update (GBPUSD)

Going Short from here 1.3530 Take Profit @ 1.3390 I missed the entry from the top... And my Great Buddy, Mitiblotch shows RSI divergence chart on Daily and 4 hourly to corroborate my analysis but I failed in entry timing. Wishing myself and other ...

Cable Update (GBPUSD)