i pulled the trigger on a sell order with this set up

Cable Update (GBPUSD)

dow futures are triple digit down. ftse, cac, and dax are down. I am standing aside looking for set ups.

Cable Update (GBPUSD)

taking a little quick profit here on the aud/usd risk aversion strategy.

Cable Update (GBPUSD)

jpy holiday. Stocks are under pressure in early Asian markets so far. Risk is off for now.

Cable Update (GBPUSD)

Wormboy is correct. If you see a quick move up, it will most likely be stop hunting, and will get hammered at some point.

Cable Update (GBPUSD)

I don't know the answer to that question.

Cable Update (GBPUSD)

I think you nailed it.

Cable Update (GBPUSD)

Which pair are you referring to? Is your question directed to me? I am not trying to hijack this thread by any means. My goal is to help and teach, as is the goal of the other excellent traders here, I would assume.

Cable Update (GBPUSD)

yellow= 5 sma close price orange-red = 5 sma open price White = 5 sma high and low blue= 14 sma green = 22 sma Brown = 55 sma aqua=100 sma red = 200 sma pink= 300 sma purple = 400 sma sma = simple moving average (set to close price) the average ...

Cable Update (GBPUSD)

I placed a fib on the stop hunt from the low of 1.2066 to the high of 1.2226, as seen on the hourly chart for gbp/jpy (Geppy) to give a clearer picture of possible support/resistance.

Cable Update (GBPUSD)

I hope that I have been able to satisfy your question.

Cable Update (GBPUSD)

Strategy for Geppy this week: Monitor Market Sentiment. Buy stops above the river to exploit a break out on Risk Appetite Sentiment only. Stop loss below the 5 sma area somewhere and target a retest of 1.2200. Limit buy orders (small "tester ...

Cable Update (GBPUSD)

The 4 hour chart shows some profit taking going into the weekend as Bears have covered their short positions or taken profits around the 0 fib sitting at the September 15 low @ the 1.2066 price. Bulls that bought at 1.2066 have either covered for ...

Cable Update (GBPUSD)

The daily chart for geppy (gbp/jpy) shows some possible short covering or profit taking occurring the past 2 candles. The price is trading inside the river after a retrace to the 5 sma open. The momentum indicators show a change in direction but ...

Cable Update (GBPUSD)

The weekly chart is in agreement with the monthly bearish chart. The Momentum indicators have flattened out.

Cable Update (GBPUSD)

I teach my students to understand the long term global financial and political situations in order to better assess the Market Sentiment. Geppy is a Yen pair, and I still consider it a Carry Trade pair. Simply stated, Risk aversion Sentiment will ...

Cable Update (GBPUSD)

I will take a look at Geppy now and I will post what i see if nobody has any objections.

Cable Update (GBPUSD)

The 4 hour chart shows the rejection at the 38 fib, but the price is trading inside the "River" that is formed by the 5 sma high and low (I "borrowed" that from Auslanco, and others.) At this point in time the price could break either way. Flip a ...

Cable Update (GBPUSD)

I tried to add some red arrows to illustrate the shoulders and the head of the inverse H&S pattern.

Cable Update (GBPUSD)

I zoomed out so you see the left side of the shoulder.

Cable Update (GBPUSD)