Would that make you happy if the dollar failed?

Cable Update (GBPUSD)

Yeah.. I have seen W turn to M's real quick though....

Cable Update (GBPUSD)

I still think we may have trouble breaking this area....

Cable Update (GBPUSD)

Yep.. that looks right.. I did not redraw my upper channel line... There is that hindsight again.. should have redrawn before exiting the trade.

Cable Update (GBPUSD)

I am out of my long here.... I am not sure about the top of this channel here and we just had a 5M divergence short. So.. green pips

Cable Update (GBPUSD)

It took one month for price to break this level las time it was here a few months ago as well.....

Cable Update (GBPUSD)

Have to see, there is divergence all over the place, and this is the top of the daily channel....

Cable Update (GBPUSD)

I'm in at 1.53133 as per my chart earlier...

Cable Update (GBPUSD)

I didn't know Chi was a yoga term as well....

Cable Update (GBPUSD)

Price looking to hit the 55SMA on 1M chart.. with higher highs, this is looking good for a long entry, especially since price has become stganant.... image

Cable Update (GBPUSD)

here or lower.... image

Cable Update (GBPUSD)

I think so.. I am watching that channel top pretty close....

Cable Update (GBPUSD)

There is also something to be said the more times you are in and out of the market, the more times you are taking risk.. I would say in and out is riskier than learning charting and taking longer trades... even if those trades are for only a day or ...

Cable Update (GBPUSD)

So.. we are at a resistence point and the top of the channel... Not wanting to pick a top, but looking for a strong reversal bar for sure.... image

Cable Update (GBPUSD)

Cudos my friend

Cable Update (GBPUSD)

Out for a small loss of 35 pips.. onto the next trade.

Cable Update (GBPUSD)

you may just see that fairly soon....

Cable Update (GBPUSD)

Interesting..... I have the 55 and 100 SMA's moving into the trading range. It has been these two SMA's that have given us new up thrusts on this whole run up. Am I to believe that these two SMA's on the 5M chart are stronger than the resistence we ...

Cable Update (GBPUSD)

I just did.. up to the top of the trading range.

Cable Update (GBPUSD)