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Sammih replied Sep 12, 2016Price is at 61% retracement of last wave, I might accumulate some more pounds if price closes above this level
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016I never get married to positions. I can change my opinion in an instant. I have this motto that I say to myself every morning, (stolen from a certain book) "Good Morning. My name is Sammih, and I am a loser. I have it in me to do serious financial ...
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016Has anyone else noted this, "price seems to have the most action around the last few minutes to the top of the hour"?
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016In the Book reminiscences of a stock broker, he says that if he'd rather not be short, then he'd rather be long. Its not always like that with the markets but in this case, since 3305 was your SL, do you now change view to long or is this a better ...
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016Thats Monday for you, most likely range today is 80-90 pips, meaning a high of 3320 or a low of 3220
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016since brexit, almost every time time price goes south of that area, it does so with a marubozu. I count four times, and on other occasions it has acted as support or resistance
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016I traded that TF for years, but today, I don't trade it anymore
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016Seems like we have break out people, if confirmed (this hours candle is green), then the bull move has resumed IMVHO. P.S: Dont let a move down to 3220 fool you, if it happens
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016You will notice though, that this one was profitable My open trades are not in relation to that formation, its target has been hit
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016waiting to see which trendline gives in

Will accumulate some more at 3220Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016We are in an uptrend, defined as higher highs and higher lows. Price is at 50% fib retracement level which coincides with 100% of previous up wave as well as the current uptrend lower trendline. It will take huge selling pressure to break such a ...
Cable Update (GBPUSD)
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Sammih replied Sep 12, 2016Classical head and shoulder formation completed. Bought GBPUSD 3251 Sl 3201 (-50 pips) TP 3575(324 pips)
Cable Update (GBPUSD)