It is not a trap, it is pushing down to 1.667x, only bounces to further higher. It is a Bullish Trap at the moment actually to blown inexperience trader. It will push all the way nicely to 1.667x on this price action. Regards

Cable Update (GBPUSD)

So sick. I though I could see Double Top in 1H, and it fell all the way directly.

Cable Update (GBPUSD)

Good, I am SELL limit at 1.6805 and TP at 1.6685. Good Luck mate.

Cable Update (GBPUSD)

Not really. 1H and 4H haven't give enough momentum to push the whole pair down. So a try with 80 pips to enter with small lots a bit risky actually. But relief when I saw your chart actually, but I really intend to SELL this pair but not according ...

Cable Update (GBPUSD)

I just enter my 1st position actually with small lot. Of course probably I am wrong, but 80pips to projected 400pips at least is a good 1 for me. Good Luck.

Cable Update (GBPUSD)

It's time for AUD/USD to have a crashed. Waiting more confirmation on 1H and 4H. But it seems the right price now to short here. 400 pips in sight, good R:R here.

Cable Update (GBPUSD)

I don't believe any reason fundamental will move the price for a long term trade. Even a natural or terrorism disaster such as 911, Tsunami, Japan Earthquake could move the long term price, how could a DRAMA will move the whole price for long term? ...

Cable Update (GBPUSD)

Probably but I prefer to believe on bullish, because Bullish Morning Doji Star has formed. If I was right in this 120-150 pips pullback, I believe we might see Double Top on 1H chart soon. Regards

Cable Update (GBPUSD)

Nope, I trade base on WEEKLY, and I looked ENTRY on 1H and 4H momentum. 1.681x is not my actual target based on WEEKLY, and it is far more above from current price. I always add more on 1H and 4H when the whole setup is correct, and I only look for ...

Cable Update (GBPUSD)

Yes, every move cost me pips. I am trying to see anyone having the same view. I can't add more buy here, and it suits everything to me if a pullback of 150 pips. Wave is 1H on correction, 4H on retrace, DAILY is ok to have one bearish candle since ...

Cable Update (GBPUSD)

Sorry, I don't know a lot about history but thank you very much for your information. Indeed, my read on candle pattern must at least to pullback for 100-150 pips, if it wants to proceed and to build HH at 1.678x and so on. It was way too much above ...

Cable Update (GBPUSD)

Yes, I have a lot of BUY position started entry around 3 weeks ago. If the whole thing pullback around 1.667x area, it makes sense for the candle pattern. 80 more pips cost a lot for my BUY position. And I SELL for this 50 pips doesn't enough for ...

Cable Update (GBPUSD)

Does anybody have a same view that this whole thing will probably have a correction all the way back to 1.667x area? I am starting to confuse with the candle pattern moves, and it seems too little for 1.675x retrace, it makes sense to me if the ...

Cable Update (GBPUSD)

Above 13733 DAILY close, I believe there will be no more turning back for SHORT position. Regards

EURUSD

I was putting my TP on 1.67600 actually as I expect this pullback will take us somewhere around 1.67530. Probably it will be longer than usual for this 70 pips pullback IF it want to make it nice on both 1H and 4H chart. Pretty hard for me to add ...

Cable Update (GBPUSD)

That's why I can start my hedge now, because I love the MASTER KILL. I think this is the time for the Lamborghini to have a pit stop now. Retrace moment. Regards.

EURUSD

I saw your post finally sold GBP 1.6820 I was so surprise, because 5 minutes earlier I saw it was still 20+pips below. I limit on 1.6818, suddenly it was activated. What's your target? I was just hoping it will retrace for 60 pips, so I can add more ...

Cable Update (GBPUSD)

I will be happy jumping around if the daily close above 13733, not 13333.

EURUSD

My gosh, he haven't blown his account? 3 weeks ago, he is laughing me on BUY for the CABLE and EU, and say I will blown my account soon. I am already more than +300 pips on the cable, +120 on EUR/USD, still yelling on SELL?????

Cable Update (GBPUSD)

I agree we might see a small candle on this week close, but I believe it might still heading above. A Bullish Morning Doji Star candle pattern has appear on weekly chart, so I don't have the courage to take on SELL.

Cable Update (GBPUSD)