Yep, less time in the market and the more money I make works for me. See here on the 5 min chart the support and resistance is too close together (7 pips) and the average top and bottom is too close also==== No trade

Cable Update (GBPUSD)

That is for sure, I would never lock myself in any particular direction. I only take inference from the higher time frames. Most of my work is done on the 5 minute chart and use the 1 minute chart to test for an entry. I made a mistake last night ...

Cable Update (GBPUSD)

Well I don't know how that figures..We could also say the bears are failing to make lower lows on the daily indicating a continued up move. As for the support you speak of you don't mention the time frame you are looking at. Support on the daily is ...

Cable Update (GBPUSD)

What on Earth did you guys do to the cable while I was asleep. It started off with good intentions and crashed from the top instead of making the breakout. This sort of stuff makes a mockery of long term trading and supports my attitude of taking 20 ...

Cable Update (GBPUSD)

I have 3057 as the 5 minute target...whoops not 3057 but 3090

Cable Update (GBPUSD)

There is something for everyone no matter what geographic location you are in. Here below you see me in the Asian market so I look at the yen crosses. They all have a nice range well beyond my 20 pips between one average and the next. If you can't ...

Cable Update (GBPUSD)

The next thing to do is to identify your trading time and your profit objective. I trade the grey areas here and the green box is a 20 pip profit target. I don't care two hoots about the distance price moves as long as I get my bit.

Cable Update (GBPUSD)

Hi Elbert, have you bought yourself a lawn mowing round

Cable Update (GBPUSD)

There is a problem Dean...Don't watch the price watch the average. By setting up a separate chart as below you can see clearly what price is trying to do.

Cable Update (GBPUSD)

There is no point in explaining because nobody listens everything here is perfectly normal. If you can't trade then then stop. People always find something to blame when the fact is they cannot trade because they lack the qualifications to do so. ...

Cable Update (GBPUSD)

What nonsense is this all about. Price simply hit its target and bounced as it always does.

Cable Update (GBPUSD)

Darn it I missed seeing a bar under the period separator so the target should have been 2956. Oh well shows I can make mistakes too.

Cable Update (GBPUSD)

2968 looks like the likely target for today

Cable Update (GBPUSD)

So why didn't you close at the target price of 2844 or even close to it.

Cable Update (GBPUSD)

Well I guess we can take this off the table now and I have no more shorter term targets left...it is Friday. The tiny error here is just due to drawing accuracy and the thickness of the lines

Cable Update (GBPUSD)

The 1 hour chart isn't telling me much other than it has achieved its target.

Cable Update (GBPUSD)

It still hasn't hit the 5 minute target of 2844 (4 pips short) so I guess this is still on the table.

Cable Update (GBPUSD)

Thanks HD for the explanation, it is refreshing to see an example of someones analysis and we can see you put in a lot of work here. I hope the Karma comes back to you...well done.

Cable Update (GBPUSD)

And several days later we still see the bulls having control holding position as the EMA keeps progressing upwards. No evidence of shorts here, maybe a scalp or two. The bulls are ready, willing and able to put in a 400 pip daily bar if need be but ...

Cable Update (GBPUSD)

You should be OK with your shorts Elbert provided it doesn't break above the 2984.

Cable Update (GBPUSD)