4 hour chart triggered a bull flag entry, target remains at 1.2621

Cable Update (GBPUSD)

Agreed, somehow I can't picture George Soros or Stanley Druckenmiller glued to a 1 minute chart during major political news events but hey I may be wrong.

Cable Update (GBPUSD)

and there's the new high on NZD CAD off the cluster trigger (Sorry if off topic)

Cable Update (GBPUSD)

Coming out and testing its downtrend channel on faster timeframes Yuddy - also gap filling the breakdown off the lows As an aside keep yer eye on NZD CAD - It's just triggered a continuation cluster on the 60 mins - (I scalped out a meagre 25 pips ...

Cable Update (GBPUSD)

Fair point - all currencies have some degree of correlation - some more so than others. I'm trading NZD CAD which is at a level where I'm happy to do business with a potential of a 200 pip move GBP USD also has a potential for a 200 pip move off its ...

Cable Update (GBPUSD)

Could be a very wise move, GU will still be around tomorrow if you'd rather not expose yourself to the chaos that's coming over the next 24 hours. Personally I'm keeping busy with NZD - if GU drops I'll get involved - if it goes above that mother ...

Cable Update (GBPUSD)

Dunno Yuddy, My dilemma right now is I've taken off profits on this pair through the last wave up and I have an initial Long target above that Mother Bar - I really don't see any technical reason for it not to at least get there. (Yes I sound like a ...

Cable Update (GBPUSD)

30 minute TF offers a clearer picture of what I'm looking at for Long entries..of course your view and trade plan maybe completely different

Cable Update (GBPUSD)

Very interesting 240 min chart too Bones with the downtrend line (as I see it) lining off the high of the Mother bar. There are two GAPS above on this chart as well as the one post Brexit. Initial target for me remains at 1.2621 and when reached ...

Cable Update (GBPUSD)

A great observation and as usual brilliant analysis Bones

Cable Update (GBPUSD)

I spent two weeks posting charts with a bias based on my interpretations of the shift to 'Long' along with the targets. So its common knowledge how I've traded it. Now building positions into NZD too so I'll get back to work. Wish you all well. ...

Cable Update (GBPUSD)

Seriously ?

Cable Update (GBPUSD)

All fair and valid points. ...But I am a very patient man...My time horizon isn't intraday for these swing trades. I'll treat each trade set up the same and am happy to nurture it along - if that takes a while, that's fine. My days of being excited ...

Cable Update (GBPUSD)

These levels of unfinished business above will be met - It forms the core of the trading strategy I've executed for a long time now - the challenge sits in scaling in the entries and managing leverage and drawdown until it turns. At the risk of ...

Cable Update (GBPUSD)

Hands up anyone who's just gone short to fade this second Bull Flag...I know you are out there...

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Current 240 min view..Could be sideways slop for a while just yet.

Cable Update (GBPUSD)

Interesting - I haven't anything on my scanner...Unless the current BF formation collapses.

Cable Update (GBPUSD)

God knows mate. I did make a post earlier stating "I believed it was going down a bit then up a lot". AKA a Bull Flag but this is only 1 swing in a very sloppy range. that said I'm temporarily off scalping and into Long position building now. So if ...

Cable Update (GBPUSD)

Your'e fine, you are kicking yourself for closing the initial trade too soon and are chasing it up when your inner self knows that chasing a market is rarely a good idea. As such any slight movement against you and you close. Weve all done it / do ...

Cable Update (GBPUSD)

Okay you Bears...You've had your fun but any chance you could hold off Fading the breakout of this Bull Flag?

Cable Update (GBPUSD)