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Cable Update (GBPUSD)

It was a good day to trade today, if you read my posts today you will know i shorted gold and GBPUSD. There were opportunities on many pairs to make some good profits, if you know how If you want to be successful in this business, ...

Cable Update (GBPUSD)

I think i have GOLD FEVER, 190 pips so far and cable doing its job as above post.

Cable Update (GBPUSD)

Have not traded gold much , just giving it a test run with small lot, the risk reward seems great . 70 pips already in this trade. Looks like GBPUSD will go down too, might be a 5 wave expanding triangle on H1 image

Cable Update (GBPUSD)

Spot on , not blowing my own trumpet but that was absolutely the right decision for now

Cable Update (GBPUSD)

Not comfortable taking a short at all, I keep asking myself can i see a full B correction from the D1 HH,HL and the answer keeps coming back no, so it is a no short for me unless the B wave correction completes and is clear to see

Cable Update (GBPUSD)

The point where Support became resistance should it break down again is where i will make my decision to short Still not happy about that being an expanding flat , the low point of the D1 HL ,HH should be the point where the correction starts, in ...

Cable Update (GBPUSD)

The only thing i do not like about shorting cable is that assuming the D1 HL, HH is the correction when viewing it on H4 i can not see three swings up , it could be that the last swing up is part of an expanding flat but im not sure. image

Cable Update (GBPUSD)

I have not placed a trade yet as i would like to see a bit more of a breakdown before making my final decision , it might be last minute before CPI.

Cable Update (GBPUSD)

My bias is still short for CPI and quite a big short. D1 is in correction against W1 , the correction is not complete. The prior D1 swing up is an impulse with an extension in swing 3 . The correction is swing 2 with A and B complete and we should ...

Cable Update (GBPUSD)

D1 in correction against weekly, currently the correction has one swing down and has broken prior resistance , the current two bars have made a HH,HL and seem to be testing the prior resistance that was broken to the down side . Tempted to take a ...

Cable Update (GBPUSD)

If the current 4H bar closes as it is or lower then for sure we are in daily correction, so shorts only

Cable Update (GBPUSD)

Looks like we are going into a daily correction, the daily is going against the weekly, so long out for now , taken a loss on the long.

Cable Update (GBPUSD)

European Holiday today, and this H4 long on Gbpusd looking a bit thin

Cable Update (GBPUSD)

Time to buy GBPUSD H4 @2420 stops below the spike low 2389 The price stayed within the channel from the correction

Cable Update (GBPUSD)

How you enter a trade is up to you , i have my own methods which i do not post here, sorry i can not help more. Personally i might enter now because the risk is low , 30 pip stop which is well within my defined risk and money management plan, the ...

Cable Update (GBPUSD)

Deleted, duplicate post

Cable Update (GBPUSD)

The channel is the assumed bull flag correction , so i hope to go long image Trade at your own risk, i do not give trade signals , i just post my analysis and sometimes live trades

Cable Update (GBPUSD)

Bear in mind we are assuming H4 has completed a 5 swing bull flag pattern for the correction

Cable Update (GBPUSD)

D1 LH,LL entry on 4H is the ideal and hold to swing end, however longs could also be taken on any LH,LL dips on H4 from H1 ,once H4 has moved into a new upswing. Confirmation for entry is the tricky part

Cable Update (GBPUSD)