20 -30 pips for this pair in such volatile markets is not that much, for a SL purposes is just about the minimum for me atm. There is no gain without pain, and good entries will provide good profits only with good exits. As for today, I am still ...

Cable Update (GBPUSD)

Coverred the shorts at6522, not a large profit, but shall wait for a clearer PA. Until 6556 is taken out I shall hold a short sentiment, treating this up move as a retest of this H 1.6556

Cable Update (GBPUSD)

I am shorting it preatty heavy atm. added at 6538 PT the full daily atr which is around 200 pips

Cable Update (GBPUSD)

Gone short at 6532 SL 6560 PT 200pips for today

Cable Update (GBPUSD)

If 6550 is well defended after the news, it shall become a sell scenario for several hundred pips. If it is well passed to the upside, then I shall go long, but atm I do favour the first scenario. In either way there shall be plenty pips to get out ...

Cable Update (GBPUSD)

I agree with this sentence, especially when one is scalping or day trading. There are times that our perception of the market is clouded, and we loose that extra focus when pulling the trigger, other traders might see it differently though. There is ...

Cable Update (GBPUSD)

Good for you, and I wish you many good trades!!!

Cable Update (GBPUSD)

Yesterday it was a good short entry, I agree, but I am not that commited this time around, shall wait till the morning

Cable Update (GBPUSD)

That is smart, to bring it at BE at this time.

Cable Update (GBPUSD)

Hi vlady, I shall be long (multientry mid temr trading) after cable established the more significant low in the 1.58 region. Till then I shall be scalping both ways using momentum. I find VSA analysis more usable at the hights of activity at the ...

Cable Update (GBPUSD)

I think the direction is down, but I shall wait for the London opening. This is still a range bound market and I would like to see the responce of the Asian equity to the US closing. There is still a possibibility of a one spike high before cable ...

Cable Update (GBPUSD)

Hi Phil, I can see a familiar face, how are you doing, summer range is doing my head a bit, as there are not long runs suitable for my position strat, so only scalping now and momentum trading.

Cable Update (GBPUSD)

G/U might have a new daily H today before going down, yesterdays daily bar closing (close of US session) displays strenght for a time being. It all depends on equities now. I have coverred shorts from last night, gone long from todays low, and I am ...

Cable Update (GBPUSD)

I wish Phillip well and his threads have no match on any forum I have so far visited in the way they were organised. It is always the same, a few keyboard warriers for the reasons only known to themselves spoil the party. Privately, I think Phillip ...

Phillip's late night dinner table

The principle of your approach is good. It is based on price action, the rest are filters. It does not matter which filters one uses providing they work and they do not clutter the picture. In this volitile markets I have come down to use M5 TF on ...

(SR)ZigZag Levels-Divergence(RDHD) System

Hi Forex, I am currently trading a system using Zigzag and there are some similarities with what you have put together. The bands you are using seem to contain the price action ( I use STARC Bands, or Bollinger Bands set at STD3), and the (I use B ...

(SR)ZigZag Levels-Divergence(RDHD) System

a pull backs are to be expeted, if there is to be a ew structure, and the previous High on H1 TF is a possible scenario for the pullback.

Cable Update (GBPUSD)

It is likely that from the L @1.46550 there shall be a 5wave structure, which might well have its turning points suggested in your post. On H1 TF it looks likely that cable is in the 5th EW. Fisrst PT is around 1.5030 and the second 1.5173. The 5th ...

Cable Update (GBPUSD)

Have a look at this thread url There are few indicators there too. The powerpoint presentation is ok but reading the books, all 3 of them is essential. I also like the fibo (Bobokus) applied (in the last post of that thread) Best wishes, 2be

Chaos Trading System