Thanks Derek, Thats the path I think we'll take too, i'll prob wait for the short up there. I think we might not get past 4540 though

Cable Update (GBPUSD)

Morning everyone! Good advice smoothtrader, we are testing this area, 4390 being key level, Im gonna sit out and see what happens, as I cant short so close to 4390 and signal doesnt look strong enough at the moment to go long

Cable Update (GBPUSD)

Hi Albchr, Thanks for posting your chart, I think it makes a lot of sense. Im currently sidelined as I expect it is possible to run upto the top blue line on your chart. This would make a very nice looking H&S on the 4hr chart. I'm not playing a ...

Cable Update (GBPUSD)

cool! would it be possible to post some charts with them as well so we can see where your coming from? Cheers

Cable Update (GBPUSD)

Hi FX1618 Do you mind me asking where abouts your getting these trade calls from?

Cable Update (GBPUSD)

Forgot to say the stop is normally below the last 15min candle, once its moved in profit i lock it straight away as I view that if it turns back from that point then it is most likely to roll back down, if you plan on doing these trades i would ...

Cable Update (GBPUSD)

I was staying out of SHORTS because of the PA. I was intending to stay out all together but when i saw the close of the 1hr and the prior 15min candles i waited for price to move down a little and then went long.

Cable Update (GBPUSD)

Nice work It goes against the grain of the current momentum but i woudnt advise shorting into those bullish candles on the 15min chart or going long into the bearish candles at 4600 - 4620. Im flat and waiting, i think we will go lower ...

Cable Update (GBPUSD)

HI Magnummt. My view is with strong resistance around 4620 i cant see how 4610 is a good place to buy!? we may break 4620 easily but i wouldnt buy at that level for now. Sl should be below 4510 in my opinion also

Cable Update (GBPUSD)

lol i know i know, but i scalped a long from 4540 - 4570 lol I will see how this 15min candle closes!

Cable Update (GBPUSD)

Im not reentering yet as the wicky price action on the 15min is worrying

Cable Update (GBPUSD)

I had a short from 4585 and set my SL at 4550 it ran up and touched it DOH!! That will teach me eh!

Cable Update (GBPUSD)

Yeah looks like its getting ready to go deep!

Cable Update (GBPUSD)

Sorry man, you'll get it next time. If its any consolation i pulled out before the news with partial profit as i didnt want to risk.

Cable Update (GBPUSD)

MOrning guys, I see a lot of resistance at 4620 so im short from there, we are close to a trendline i expect that to be broken its around the 4550 level currently. A break would trigger some stops and hopefully excellerate this down further. I Agree ...

Cable Update (GBPUSD)

upto where? got a chart to support this? I dont dissagree with what your saying would just like to see support for it. Cheers

Cable Update (GBPUSD)

Thanks for the chart it reminded me of something i saw earlier! Possibly a big H&S forming, so upto 4600- 4650 and then down ?

Cable Update (GBPUSD)

Cheers mate! 4hr still bullish though, my SL is at BE 4530 most likely I will get stopped out but i think its worth the chance as i reckon we will run up to test the highs before coming down. If we get there i will take some of at 4600 then 4650. ...

Cable Update (GBPUSD)

Certainly does look bearish! My daily doesnt close for another 2.5hrs though

Cable Update (GBPUSD)

You'll have to excuse the mess on my chart but my meta trader has gone crazy and now lost some settings! but heres a chart anyway and the 4hr looks quite bullish at the moment. With this in mind I think we could test the highs again later on in the ...

Cable Update (GBPUSD)