GBPUSD - still running nicely as with other trades USDCHF Worked it down from Weekly to M15 to get this nice long entry, needs to break the swing high to be sure but 10 pips stop i am not complaining. image

Cable Update (GBPUSD)

Sure, just so you know i do not actually use them for trading, i use price swings to trade. file Only ex4 as it was free on mql5 market place file

Cable Update (GBPUSD)

"Retail forex brokers get their prices from an aggregated liquidity feed provided by a Prime of Prime (PoP). PoPs have relationships with major banks, which allows them to aggregate prices from multiple liquidity providers (LPs) and distribute them ...

Cable Update (GBPUSD)

In the traditional sense i meant as in stocks/shares because there is only a finite amount so one is selling or buying to another entity therefore the more entities selling to a willing buyers the lower the price of a stock will go. Liquid and ...

Cable Update (GBPUSD)

There is no such thing as liquidity in the traditional sense in the forex markets, it is us against the market makers who are the liquidity providers, they take the risk not another trader , market makers fill your orders and balance the books, if ...

Cable Update (GBPUSD)

Yep, second are the analysts, working for the market makers to set retail in the wrong direction, several guru analysts were today proclaiming that the eurusd market was going to reverse into long when if you know how to trade today was a clear ...

Cable Update (GBPUSD)

Exactly, these ICT and SMC you tubers , course sellers are parasites feeding of hard working peoples hopes and dreams. Here is one for the ict and smc boys and girls image

Cable Update (GBPUSD)

What is to test , the market only tests the first break of structure into a continuation , the rest is immediate support and resistance created by the new trend price either tests into the range of the previous swing high/low or gaps away, price ...

Cable Update (GBPUSD)

Thank you i have more all in profit Just remember in 2021 i started the thread on market structure , i left some info out because i knew the gurus would copy it and spin it to the rest of the trading community. ( i left some info out because i hate ...

Cable Update (GBPUSD)

The one and only real market structure trader . Anyone can mark a chart H, L, LH , LL or the other way and choch or bos , the real art of market structure is being able to differentiate between a corrective or impulsive trend because choch and bos ...

Cable Update (GBPUSD)

Not the choice i would of made but good luck

Cable Update (GBPUSD)

2857 could be the overall target for shorts as that is the nearest old resistance now becomes support for this down move which is a W1 correction moving against monthly

Cable Update (GBPUSD)

GBPUSD Bears are in FULL CONTROL , Break down , correction back to 3067 which is the Resistance of the prior swing broken then gets retested and price trends back down to continue the larger degree trend. Entered early after looking at the ...

Cable Update (GBPUSD)

I was waiting for this return swing and then a break of 2979 for a new downtrend after the correction, it might well be the correction will go higher but that means nothing to me except for more waiting.

Cable Update (GBPUSD)

Just concentrate on your own trading , i am not shorting nothing yet when the time is right if at all i will know, thanks

Cable Update (GBPUSD)

We shall see, i am just waiting for it go back to 3009 -13 but no higher than 3023 and then depending what it does after that i will make my decision when to enter

Cable Update (GBPUSD)

3022 is close enough just waiting for the time to short maybe 3009 ish

Cable Update (GBPUSD)

Smooth trade on EURGBP M15 ABC followed by trend entry image

Cable Update (GBPUSD)

GBPUSD M15 there is what looks like a correction in progress with B being a downside expansion and currently C making its 5 wave impulse to the upside towards 3027-37 and hopefully there will be another move down later on today

Cable Update (GBPUSD)

Just over 1-1 R on that trade , not bad for the M5 timeframe, lets see what comes next

Cable Update (GBPUSD)