Longs on break above 12760, shorts on break below 12750

Cable Update (GBPUSD)

Ok time to get out of bed, this is the decision area, 12755.

Cable Update (GBPUSD)

If tomorrow is indeed a bullish day, I would expect price to go somewhere in the region of 1.2860. Although, I'll wait for daily to close as I typically target based on pivot levels.

Cable Update (GBPUSD)

This movement up makes me think tomorrow will be a bullish day, currently sitting on the 15m 200MA and pivot level a break above means bias goes bullish.

Cable Update (GBPUSD)

Looks like the garbage GU price action is back, I made my profits this morning. I'll stay out til tomorrow. Im hoping for retrace to 12760 for a nice short down to the 12660 area.

Cable Update (GBPUSD)

Happy to short anywhere from here (12720) til 12760, if price action confirms.

Cable Update (GBPUSD)

Interesting, I'll do some reading. I wonder if this timing coincides with the different trading sessions.

Cable Update (GBPUSD)

I agree but just not sure if it will be today, ADR (30) has nearly been reached and there is a confluence support of daily S1 and weekly pivot. I'd like to see retrace to pivot to short. Or break through slightly then retrace to this level for ...

Cable Update (GBPUSD)

Closed my shorts, will wait for break and retest of this 12715 level.

Cable Update (GBPUSD)

Thanks for the response, I must say, seeing you develop it has been interesting. So you have a way to identify trend and support/resistance, I'm not sure what else you need, does optimisation start now? Also what does Bella's date forecasting ...

Cable Update (GBPUSD)

At what point do you stop creating new systems and start optimising the old ones?

Cable Update (GBPUSD)

I agree, just not today. In my opinion ofcourse.

Cable Update (GBPUSD)

Not convinced by this movement up. Seems like the bears are waiting to pounce at any moment. We shall see, waiting for confirmation to sell.

Cable Update (GBPUSD)

Yup that 1.28 barrier proving to be a tough nut to crack.

Cable Update (GBPUSD)

So price hit the weekly pivot target. Can go anywhere from here, will watch price action tomorrow. Favouring bears until price goes above 15m 200ma.

Cable Update (GBPUSD)

If EU can break below pivot at 10925, this should help the down move on GU.

Cable Update (GBPUSD)

If ~1.28 breaks its game over for the bears.

Cable Update (GBPUSD)

Ever since friday price action has been so ugly on gu.

Cable Update (GBPUSD)

Price has dipped below the 15m 200ma indicating that sellers are in control in the short-term. Honestly I don't see it dropping much further than weekly pivot at 12715, however my bias turns to sell, at least for now. Price remains above the 4h and ...

Cable Update (GBPUSD)

Yup, trading is as much about preserving your capital as it is increasing it. Days like today are all about staying out and preserving.

Cable Update (GBPUSD)