Sorry to hear you are down, and learning with an upfront fees. All or at least majority of traders who were not involved in an istitutionalised trading house have undergone/going similar experiances. The market usualy provides one with a possibility ...

Cable Update (GBPUSD)

All shorts coverred at 9683, 13pps short of m9670 target, reason 15min chart indicates a slowdown in down momentum. Not going long, waiting for a pulback to S/R area indicated by Bbmac

Cable Update (GBPUSD)

Absolutely agree, 3rd od 3rd EW indicates territory for good moves. ATM I am interested in shorting only, there are not that many days that so many things agree in providing direction and trend.

Cable Update (GBPUSD)

RBS , would establish another short positions when it pulls back to it.

Cable Update (GBPUSD)

short coverred 50% profit taken (35pps), 15pps traligs SL in place

Cable Update (GBPUSD)

Short established, already on B/E tatged 9670

Cable Update (GBPUSD)

Fibonacci numbers and ratios have nothing to do with superstition at all. It is just a very important observation, also related to human perception and expariencing of eg. symetry, or harmony. One would not call it superstition that piano has 8 ...

Cable Update (GBPUSD)

Looks like it shall, next support is in the region on 9670, then 9370 region. On daily chart one can see the possible symetry achieved by such a scenario. It shall take some time though with the nervous markets atm everything is possible.

Cable Update (GBPUSD)

Shorts covered, from last evening +100pps, waiting for another shorting appotunities, after a bounce cable shall try 9740 level again, which would provide another shorting scenario if this level is crossed with force. Happy trading to all, 2be

Cable Update (GBPUSD)

I wander whether cable Low has not been achieved for today, as I think the evarage daily range has been more or less fulfield, and Mondays are sometimes a reasonably quiet days, after fulfiling the daily avarage range. We shall see. ATM I only look ...

Cable Update (GBPUSD)

4hr is printing a pinbar, and which has to be worked out in the overall direction, which from daily seems to be down. My EW count on daily indicates that cable is in the 3rd of 3EW which is likely to have 5EW. If so there is plenty space for the ...

Cable Update (GBPUSD)

The 4hr printed a reasonable cloud cover nearly at 61.8fib retracement, so poss the move down to try again the support at 9740. The down scenario looks more convincing atm. I would progress with caution, as on daily I am not too sure of a definite ...

Cable Update (GBPUSD)

Hi Rav, I see you are on the forum. Great to see you friend. Best regards, 2be

Cable Update (GBPUSD)

I agree that nobody will do the hard work of learning and putting the learned principles into practice for you. What could and possibly is helpfull is to share some insights we have learned as different individual traders, travelling at different ...

Cable Update (GBPUSD)

I would second Trader JR point, that after consecutive number of larger losses, one should trade a demo, or real but with the minimum lot size. My rule is, after losing more than 10% of my trading capital(on the given real acc)I would resolve to ...

Cable Update (GBPUSD)

Hi Abuawad, you have done a great amount of good work, I do appreciate your willingness to share on this thread. Many thanks, and best wishes, 2be

Cable Update (GBPUSD)

IMHO a pullback rather then a reversal, 4hr chart indicates to me that the downward move has not finished yet. Yesterday was an up day for cable, but todays performance is giving to the downward preassure. The 9730 level seems critical, once and if ...

Cable Update (GBPUSD)

Managed to cover those short positions in 9770ties. A goog ride down, now waiting for a pullback to short again. Do not feel confident to go long atm.

Cable Update (GBPUSD)

Lately GBP/USD has been affected by the strength of EUR and Swissy does not seem to support either the cable atm. I get the sense of direction from daily charts, monitor it on4hr and execute trades on 15 min. I also calculate Delta points with EW ...

Cable Update (GBPUSD)

Have established short positions in three lots from 9870 to 9885 SL just above 9940 ( above yesterday's H) target 9740. Will reestablish short position if it goes below 9720.

Cable Update (GBPUSD)