Ive closed at 1.3922, im now sitting it out until after the parliamentary vote to see what happens

Cable Update (GBPUSD)

We finally got to S61 my remaining shorts now all closed. A few cheeky longs open @1.3895 looking for retrace back to 1.3925.

Cable Update (GBPUSD)

I have closed most of my open short trades early at 1.3925 for decent profit as my confidence in the trade targets has waned. (You watch this crash haha) Therefore I have left just 2 open shorts both with a stop at B/E targeting S61. Nice and risk ...

Cable Update (GBPUSD)

Thats some excellent information, could you share the link to the study please Id like to have a good read on how they got their statistics

Pivot Trading

Price now at intraday bull support level across many $ pairs. Coinciding with US open lets see what happens

Cable Update (GBPUSD)

I did some research into pin bars and found it is better to trade them contrary to forex factory opinion. Over 2 years on G/U roughly 2/3 pin pars failed to reverse price. I suspect figures would be the same on other pairs too.

Cable Update (GBPUSD)

I dont know what will happen from here all I know is for a sell chance we are positioned very well. From my chart 13980 area is a decent area of resistance. Currently we can see todays unfinished bar is showing as a full bull green up. If daily bar ...

Cable Update (GBPUSD)

Yes I have just entered a short there too - S38 pivot level on my previous chart. Targeting S61 level.

Cable Update (GBPUSD)

Im still short bias on this pair and still holding positions. USD strength is strong across the board with GBP still relatively weak across the board. I cannot see any major resistance areas other than the weekly pivots. I think 13890 and 13850 are ...

Cable Update (GBPUSD)

I posted this in another thread but noticed this hasn't been mentioned here yet. url This story isn't in the forex Factory calendar but on Thursday UK parliament will vote on the custom union issue. Not a legally binding vote but will shed a light ...

Pivot Trading

url This story isn't in the forex Factory calendar but on Thursday UK parliament will vote on the custom union issue. Not a legally binding vote but will shed a light on how strong PM Mays influence/government is. Has the potential to move the ...

Cable Update (GBPUSD)

I too am looking to buy but believe this will drop a bit further than 1.3965. There will be a load of stops around this level i'm sure need eating up first

Cable Update (GBPUSD)

I dont think Carney and BOE will raise in May, as he alluded to in his interview the Brexit and political risks are now extreme and will come to a head in the next few weeks. There are in my mind 2 key UK political risks 1) House of Commons vote on ...

Cable Update (GBPUSD)

Closed my final trades for this week for 48 pips profit, it just hasnt got the legs to reach the 1st target. Time for some beers and a bit of Fifa Have a nice weekend all

Cable Update (GBPUSD)

That made me chuckle

Ratios & Harmonics: a Different Way to Trade

Id previously closed my main intraday shorts now from this morning. However I still feel there is more downside today. I've just added 2 more shorts with the recent pullback at 140.30 with targets @139.90 and 139.60 but we are pushing it for today ...

Cable Update (GBPUSD)

Thanks Snail69 for the explain

Pivot Trading

10 pip stop with that?

Cable Update (GBPUSD)