My rationale to short cable is an expected ABC corrective, when the C is reached (likely around the end of July) cable shall resume an uptrend. Another way to look at this PA is to count the last month and a half as a large diagonal, as Phil has ...

Cable Update (GBPUSD)

It has been a strage day, as there was a long delay between the equties, fx and commodities. There is a nice price rejection bar on H4, so shorting the market looks like a good idea. I might build a short position after the weekend if the PA looks ...

Cable Update (GBPUSD)

I would not be surprised by a spike to the round number 1.6600 with the momentum reversing just above that level. I am setting market order to go short & 1.6615 with SL 1.6665. It is a risky trade, H4 and daily momentum providing some insight. ...

Cable Update (GBPUSD)

From todays top, whenever it comes some good shorting apportunity shall be worth takikg. Just be patient for the upwards momentum to get tired, it surly is coming, poss above 1.66 as you have indicated. (For those trading Delta ITD 5 is arriving on ...

Cable Update (GBPUSD)

b4 shorting I want to see ATR around 200, so far 153, so shorting a from above 1.6600 could be a reasonable thing to consider

Cable Update (GBPUSD)

Out with a few pips profit, have to do some thinking on Delta count. That is for me for the day, (probably) ATR is only 136 pips so there is likely more to come, probably to the upside.

Cable Update (GBPUSD)

I am long, reversed sentiment, as the 1.6556 has been taken, I scalp with reasonable amount to make it worthwhile, but not as much as a position trade with multiple entires

Cable Update (GBPUSD)

You are right, this is my minimum daily, not too difficult to achieve, but with larger moves much, much more is usually achieved. Today I had several reasonable scalps, but not one of them surpassed 100 pips. Shall establish short on pulback again ...

Cable Update (GBPUSD)

That is great, my SL has been triggerred, so 20 pips only

Cable Update (GBPUSD)

Gold and crude are slowly turning down, cable negative, wander if I shall take 30 pips profit, this day has been somehow challenging, I have put SL at 6520 and shal trail it

Cable Update (GBPUSD)

Gone short @ 6540 SL 6562 Totally contrarian, with a hard SL in place PT 6470

Cable Update (GBPUSD)

S&P and the DOW has gone up, that move so far has not been followed by Gold and crude, if it is followed cable shall retest todays H

Cable Update (GBPUSD)

This is similar to my assesment of the cable, a significant Low at the end of July preferably somwhere around the 1.58 zone, a bit lower that your trendline, it might be a pinbar to the downside, though later on today there might be a pulback. So ...

Cable Update (GBPUSD)

Coverred shorts, reload shorts on a pulback.

Cable Update (GBPUSD)

waw 10000!!!

Cable Update (GBPUSD)

Equties will move this market, the US opening will provide good clue where cable will go. News needs to be filterred as what appears to be moving the market and often does the opposite, but it is good to observe what the contributors listed to, ...

Cable Update (GBPUSD)

For me the 1.6556 ask price is all important for the US session. Shorts undreneath it, longs above it. No place for hope when on the wrong side of this level.

Cable Update (GBPUSD)

Hi Phil, I am ok thanks, that short was a Delta entry, read cmellon blog for the updated count. With the summer volatility, Delta counts are very challenging, so I am trading momentum on H4 H1 M15 and M5. Coverred all srts of shorts and shall wait ...

Cable Update (GBPUSD)

Unles one is involved in building a position with multientries, getting in and out of trade/s is like making a cup of coffee. It is the hiiden desire to get "married" to the position which makes us to consider a given trade of more value that it ...

Cable Update (GBPUSD)

[quote=Cencored;2896572] I am more concerned about being in agreement with the market, rather then for a small difference of spread/s. What the Market Maker does not extract from you by spread they will certainly do in other ways, have no illusion, ...

Cable Update (GBPUSD)