You are perfectly correct. I used 4 hour trend and operate with minimum of 30 minutes chart. That's the only high probability point for me to ride the trend up to at least minimum of 1.618 of the associated Fibonacci sequence. However, I pick key ...

Cable Update (GBPUSD)

It's always difficult to have a reversal against Intraday sentiment until about 1500 to 1700 GMT. Therefore, it's possible buyers will continue to accelerate until that period. The truth as pointed out by you is that we missed the beginning of the ...

Cable Update (GBPUSD)

[quote=Abeylyn;14998823] From my own perspective, Buyers are in Control. Need to wait for a pullback before Swing buyer. Buying either at re-visit to previous high broken to the upside or continue to hang around until opportunity for buy is sighted.

Cable Update (GBPUSD)

[quote=Abeylyn;14997978]Viewing GBPUSD Chart from 6 hourly trend perspective, i will short GU with 3hr. candle close below 1.3109/4 However, i will switch to Buy with 3hr. candle close above last week/current pullback high. Breakout above 1.31587. ...

Cable Update (GBPUSD)

Stoploss value @ ? Good day mates and happy trading.

Cable Update (GBPUSD)

Viewing GBPUSD Chart from 6 hourly trend perspective, i will short GU with 3hr. candle close below 1.3109/4 However, i will switch to Buy with 3hr. candle close above last week/current pullback high. Breakout above 1.31587. Let's see your own view ...

Cable Update (GBPUSD)

Yes, you are perfectly correct. Swing traders are to stand aside today because the session flow is against the actual Swing direction. Session flow is Buy while Swing is to Short. Until, there is a perfect alignment with session flow, no way for ...

Cable Update (GBPUSD)

Same here. Still waiting for an opportunity to go short . Patient is the watchword atm.

Cable Update (GBPUSD)

I love the statement. Yes, we all missed out. That was a technical difference between the 8 hourly technician and daily technician. I was expecting parity @ 1.2967. Unfortunately, the 8 hourly support accelerated price up to a new high. I am still ...

Cable Update (GBPUSD)

We share same opinion. Lot of misconception, fake materials and believe out there causing more confusion. Why will Central Bank or a Bank within a system engage in trading for profit motive ? They are not speculators. It takes much more to trade as ...

Cable Update (GBPUSD)

I traded with the bank for several years and currently an Hedged Fund manager after retirement. Not here to boast dear brotherly because I am open to new ideas on daily basis. The concept in the banking as regards FX is different from what is in ...

Cable Update (GBPUSD)

If manipulation is viewed as just price movement along certain pattern, there can be a better understanding of what is happening. FX market is likened to someone going to a war front and must be equipped with all necessary machinery to be ...

Cable Update (GBPUSD)

It's a pure erroneous impression to believe that market is being manipulated by anybody. The big banks, huge fund &. hedged fund and strong news which includes NFP & Interest rate releases. The truth which is difficult to believe is that market is ...

Cable Update (GBPUSD)

h Riding Short together. However, caution at previous day low because market has already fallen into range. If previous day low is broken, 1.2967 in view. If support hold at yesterday's low, 1.3120 Resistant in view and these should be the best to ...

Cable Update (GBPUSD)

Touch of 1.3057/1.3060 is now opened before Buy/Sell decision any moment from 5:00 GMT. This point equate top of the structure that was broken to the downside. Waiting......

Cable Update (GBPUSD)

The structure broken to the downside @ 1.30478. Good point to short with proper risk management.

Cable Update (GBPUSD)

Stop and Takeprofit ?

Cable Update (GBPUSD)

Stoploss hit @ 3183......

Cable Update (GBPUSD)

Still holding existing position. It has been a fierce battle between Bull and Bear.

Cable Update (GBPUSD)

Yeah! On the same page.

Cable Update (GBPUSD)