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Sammih replied Sep 20, 2016Yes yes. I day trade too, small intraday moves, but having the bigger picture never hurts, in fact, it gives one peace of mind, and that reflects on the trades P/L statement. I'd say if we turn, it will take 2-3 weeks to get there(3500). So of ...
Cable Update (GBPUSD)
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Sammih replied Sep 20, 2016Price is very close to the bottom of the channel. There's a high chance of price going back up to 3500 area. However, if price breaks that trendline, look for 2623, the lower trendline on the weekly bearish channel
Cable Update (GBPUSD)
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Sammih replied Sep 20, 2016That's a possibility, but if 3050 holds its own, 2933 seems might get hit within hours
Cable Update (GBPUSD)
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Sammih replied Sep 20, 2016The 0500hrs GMT 4hr candle closes in 5 mins. It tested todays PP at 3040 and has declined sharply breaking the squeeze

. Expect the next four hours to break 3000 Looks like my tps might get hit today. Still short from 3080 and 3040Cable Update (GBPUSD)
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Sammih replied Sep 20, 2016Bands still converging. Not a good time to trade. I still have my shorts from yesterday. Waiting for the bands to diverge and price to close outside bands before placing todays trades
Cable Update (GBPUSD)
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Sammih replied Sep 20, 2016patiently waiting for the breakout. such a lovely squeeze, I hope the breakout is as good


Cable Update (GBPUSD)
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Sammih replied Sep 19, 2016sold at 3040. I have a feeling this level might be tomorrows roof.
Cable Update (GBPUSD)
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Sammih replied Sep 19, 2016the candle closing at 0900hrs GMT upto the one closing at 2100hrs GMT. if any candle closes above/below(or at) the PP, I'm on high alert. there are several PP indicators on the forum, search it at the top right corner of the page, im quite confident ...
Cable Update (GBPUSD)
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Sammih replied Sep 19, 2016Hi, like ill_be_back says, I put limit there because it is the Daily Pivot Point(PP). I have pointed out quite severally about an observation I've consistently made; the 4hr candle respects daily pivot points. If a 4hr candle crosses and closes ...
Cable Update (GBPUSD)
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Sammih replied Sep 19, 2016I love the squeeze, or maybe its the resulting break that I love


Cable Update (GBPUSD)
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Sammih replied Sep 19, 2016Daily pivot. 2920 is next significant trendline support
Cable Update (GBPUSD)