As Birdland pointed out. Monthly open at 1.26839 ish very important. It is also a level that has held for the most part of January. Having said, Gu has broken though an important level at 1.2630 and Bulls will want a daily close above to tackle the ...

Cable Update (GBPUSD)

Shaky start for the year. My sell trades working out with all remaining trades locked at breakeven and some and price must do what it has to. I have bullish hints from a 4 hr perspective but not guaranteed. US bank holiday does not help the ...

Cable Update (GBPUSD)

Drama Queen!!!!!!!!!!

Cable Update (GBPUSD)

The tide is turning on bulls folks. Unless we have a sustained daily close above 1.2650 bulls have their work cut out for sure. Bullish price action does not happen in a jiffy and is carved out in daily, weekly and monthly higher lows and highs and ...

Cable Update (GBPUSD)

Dantpm, Your pro Putin narrative is widely observed by all of us. Please don't bring this into trading. This is not a propaganda channel. Cheers.

Cable Update (GBPUSD)

Hi Whatevs, For me, my support area is sitting right here and right now. Between 1.26000 and 1.2620 from a weekly perspective. image From a 4hr perspective I can expect a test of my weekly pivot at 1.25960 ish. image For now I remain bullish and ...

Cable Update (GBPUSD)

All good, thanks Whale.

Cable Update (GBPUSD)

The build up for long term trading. Close your weakest trades and secure your best trade. Trades may come back and take your positive stop, a pain in the arse, the cons of long term trading. If not. the rewards can be great. Have a great week. ...

Cable Update (GBPUSD)

My short trades were stopped out for a few pips profit this morning. Technically I am setting up for a bullish cycle. Moreover Gu is holding up above up above the 50% fib retrace at 1.25792 with 1 day to go for the week to end which could leave the ...

Cable Update (GBPUSD)

I don't know Dave, because you have never shown me your bad trade or any trades for that matter Cheers.

Cable Update (GBPUSD)

All bad trades cleared. First short trade in at 1.26262. Cheers.

Cable Update (GBPUSD)

In case you are in shit like me. I am hoping for a retrace to my future weekly pivot at 1.26708 ish (yellow highlight). I am in survival mode, Have a great week, Cheers.

Cable Update (GBPUSD)

By the way, You had a great call on yout buy trades this morning. Well done

Cable Update (GBPUSD)

Significant to me is that the daily candle is holding up today and a close at this level will be the 1st higher high close in 11 days which is also above my yearly open at 1.2720. Bulls are slowly showing their iintentions, Cheers. Daily candle.

Cable Update (GBPUSD)

Well, that was a wasted opportunity for sure. 85 pips profit deminished to 2 pips. Then again this is what happens in long term trading. A symmetrical triangle with false breakouts on both sides within a larger triangle and a breakout will probably ...

Cable Update (GBPUSD)

And so the new year saga begins. Sell trades added at 1.2720. Prior trades have been closed for 100 pip profit today. Cheers. image

Cable Update (GBPUSD)

Gu from a 4hr perspective is setting up for a sell trade. There could be lots of back and forth with 2 days to go to month end. When in doubt stay out. I am in with a sell trade and will look towards 1.2720 to add sell trades. Trade well. Cheers.

Cable Update (GBPUSD)

Today I closed long term trades of over a year and some on GbpUsd at 11500 pips. Swap fees are mounting and I am forced to close. I truly wish that I could have an Islamic swap free account like our Asian friends here. Left the best buy and sell ...

Cable Update (GBPUSD)

Hi Guys, GU 1.2720 ish (yellow highlight) has been the start of the year and an important benchmark going forward. January has not been easy for position traders, and scalpers should have done quite well. It is no surprize that we are close to our ...

Cable Update (GBPUSD)

Important levels being breached. 1.28000 on the horizon. Cheers.

Cable Update (GBPUSD)