thank you very much for this

Cable Update (GBPUSD)

ahh I see. I’m sorry I thought that’s what it was.

Cable Update (GBPUSD)

To each their own. But tell me, what do you think I should consider when evaluating my method? People preach to use price action instead of lagging price derivative indicators. That’s what I do. I use just price. You ever heard of Occam’s razor? ...

Cable Update (GBPUSD)

my understanding of round numbers is any number that is a whole number. Psychological numbers affect many human mindsets. I owe you $97.37 but I’ll just pay you either $97, $98, or $100 because I don’t wanna count the change. It’s just a simple ...

Cable Update (GBPUSD)

I’ve seen head and shoulders plays over the years and the consolidation to the left of the dip does not match the consolidation to the right. That looks more like slowing momentum to me

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yes, something like a precursor to next week’s potentially bearish action. We just have to sit on our hands or trade safely until then

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1.110 might be your huckleberry

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what round numbers are inside the 4h fvg?

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first thing moty is a lady?! Well now I know to use my manners and you are right that hammer has not been active in a while. Btw moty, have you ever thought about using a baseball bat for longs?

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Honestly I don’t think price is going anywhere today. Scalpers heaven. H4 created a range imo. I’ve seen this PA after a run and esp on a Friday. So I would not expect too much movement today

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I have never learned how to successfully trade the news but I do know they can have impact depending on the trade style. Which ones do you feel would have the most impact. I can just imagine traders going bonkers over the usd this week so I’m ...

Cable Update (GBPUSD)

honestly Pete you are right. I should’ve stayed on track as to what works for me. I got caught watching others enter the market and I had an “oh well” moment. I should really sit down and ask myself why I would go against my own strategy. Honestly ...

Cable Update (GBPUSD)

Price finally creating something to base a trade on I don’t know how significant but i might not trade until tues. gotta let the situation mature. One loss today on a gamble with no structure as to how I get in the market. May attempt a Monday ...

Cable Update (GBPUSD)

shame i got stopped out. kids thats why you always stick to the strategy. i took that trade based on nothing and got...nothing edit: i thought i was about to be stopped out. its still a baseless trade tho so it was a gamble.

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long because...well because why not. i really should not trade until my chart generates new weekly levels next week since this weeks levels served their purpose. risking 9p. lets do it! image

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those support are gonna get spanked tbh

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dollar is heading towards last years low @94.6 time to befriend the trend

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url This is just a lounge for traders who are chill and relaxed. Or really anybody. Feel free to add and bounce ideas

OLHC and 00’s

Well the bargains began when 1.30 came. Let’s see. Could go short in a minor way. Anything under H4 should not be used for trend analysis. The HTF momentum is all gas no brakes

Cable Update (GBPUSD)