“Never argue with stupid people, they will drag you down to their level and then beat you with experience" Mark Twain

Cable Update (GBPUSD)

Long GU at 1.2965. TP 1.2990

Cable Update (GBPUSD)

I closed all trades at the Pivot, 1.3272. Now, unless World War 3 begins, I expect a bounce of maybe 50 to 60 pips.

Cable Update (GBPUSD)

Not only held... I´ve been adding on the way down. Now I am on hold and will start closing partials as we get closer to the Pivot.

Cable Update (GBPUSD)

I agree. My TP is at 1.3272.

Cable Update (GBPUSD)

Sorry, I confused you with someone else.

Cable Update (GBPUSD)

I agree with your analysis. I am in Santander, what part of Galicia are you at?

Cable Update (GBPUSD)

Terrible news for USD and still no breakout. What does that tell you? There are many longs with sweaty palms right now who were expecting a breakout on the news. That does not mean that a breakout cannot happen. It just means it is unlikely and the ...

Cable Update (GBPUSD)

Here it is. Setting: Trend CCI Period = 45

Cable Update (GBPUSD)

There is another very reliable factor that I use in H4. It is the 10/20 EMA crossover right after the divergence. In the chart I attached before, the 10 EMA is white and the 20 EMA is orange. At this point, the crossover has not yet happened, but it ...

Cable Update (GBPUSD)

For me, the idiotic rise was done in order to set in stone the missing H4 divergence.

Cable Update (GBPUSD)

From my experience, GU divergences in lower time frames are not consistently accurate. For some reason that I cannot explain, they are very accurate in the H4 time frame at swing change. And I mean extremely accurate... This is the only reason I ...

Cable Update (GBPUSD)

Last night and today we are adding the one missing ingredient that almost always occurs with GBPUSD at price swing changes: The H4 divergence as shown by my trusted True Trend indicator. Now we have it. I marked in white the previous instances of H4 ...

Cable Update (GBPUSD)

You are right in everything you say, but I believe the trade is solid based on many other factors aside from the engulfing candle. That was just the icing on the cake for me. If I am wrong, I take my loss and move on. No big deal...

Cable Update (GBPUSD)

No, I do not have empirical documented evidence. I don´t have it either for when I open the shower fawcet every morning, I expect water to come out.

Cable Update (GBPUSD)

I am with Mitiblotch on the Daily bearish engulfing. It is called experience of 35 years of trading. Can it fail?, sure, anything can happen... but the odds are greatly on the side of GU dropping hard in the next few days.

Cable Update (GBPUSD)

Thanks. There seems to be potential with it for scalping the 5 minute chart. I will test it and report back my findings.

Cable Update (GBPUSD)

Thanks again. I´ll try it out. Any settings or suggestions you can share from your work with it will be appreciated.

Cable Update (GBPUSD)

Hi Headland. I always look forward to your comments. How do you draw those parabolic blue curves on your chart? Is that possible in MT4? Thanks.

Cable Update (GBPUSD)