GU H1 is in what currently looks like an upside correction against H4 and H4 has been moving down with the daily So would prefer to short if i get an entry signal. If the 4H swing trend is ending we may see it go up.

Cable Update (GBPUSD)

In my own words " H4 is moving against D1 so we assume corrective structure" normally it would go up to at least the old higher low that was broken on the way down, i had other trades same scenario worked perfect. Anyway beware if the whole swing is ...

Cable Update (GBPUSD)

I am saying 2512 for entry because those that saw that area as a trend and traded will logically place thier stops in that area, so bear in mind a stop order there is a buy order to close your short position so the market may come back to that area ...

Cable Update (GBPUSD)

GU H1 we had what looks like a correction down which is part of H4 structure H4 is moving against D1 so again we assume corrective structure So if the current H1 move up is C or 3 , it should come back to test 2512 which was the break down area from ...

Cable Update (GBPUSD)

Staying out of GU for now , nothing on my horizon H1 up , can not be bothered to chase 5 or 10 pips on lower tfs

Cable Update (GBPUSD)

Maybe but the corrective phase was showing on my H4 so that was good enough for me.

Cable Update (GBPUSD)

BOS during a trend phase which is a corrective swing are more likely to move the other way swiftly where as BOS in an already established trend are more likely to move further before correcting. If you look at the chart i posted earlier you will see ...

Cable Update (GBPUSD)

Good job buddy, looks like we are two of the few that got it right Based on the fact this is a 4H continuation expect a pretty good pay out but look for signs of weakness, no one really knows where the top will be , i can guess or use some ...

Cable Update (GBPUSD)

Nice, that H4 correction taken out after the break of 2640 , the push down was going for liquidity at the obvious place for stops below 2640

Cable Update (GBPUSD)

Yes it is tomorrow i am a day ahead , this what happens when you live on paradise island , too much sun and yes 2640 i will correct the errors

Cable Update (GBPUSD)

GU interest rate today(correction tomorrow), lets see if we can get this right H1 3 swings down is the internal structure of the correction on 4H H1 tried to break up into a trend taking out the last lower high from the prior downswing but failed to ...

Cable Update (GBPUSD)

There we have it, that last H4 HH,HL now making a new LL on its way to completing the 4H impulse short , might be 2150 but who knows, will hold until the swing ends

Cable Update (GBPUSD)

Top down analysis gives the answers , start small and get bigger as you go down with the swing, remember you cannot see the future , the future will unfold before your very eyes. Sounds prophetic but it is true.

Cable Update (GBPUSD)

Price moves forward from its point of origin there is no point in trying to figure out a reversal, you should wait for the reversal and then go for the continuation. Your M30 is part of H4 and H4 is part of D1 There is a lack of understanding with ...

Cable Update (GBPUSD)

2150 area is the target overall for the short side As i have been saying for the past week D1 down against W1 up means corrective bias to the short side. AND H4 moving up against D1 down means correction to the D1 down swing, that is why i kept ...

Cable Update (GBPUSD)

Well done , looks like we were on the right side for now.

Cable Update (GBPUSD)

Bears still in with a chance ,D1 price action is still below the weekly and just do not see the correction having completed yet, something big is brewing and whichever way it goes will be fairly big. Will try one more short maybe tommorow

Cable Update (GBPUSD)

I have had enough of shorts , switching to long @ 2452 see if i can recover some loss

Cable Update (GBPUSD)

Hope so

Cable Update (GBPUSD)

Starting to move down a bit early, another 20 minutes before news.

Cable Update (GBPUSD)