Out, will wait on sidelines for now.

Cable Update (GBPUSD)

I dont think so currently, just gathering momentum to break past 12600.

Cable Update (GBPUSD)

This is why I don't bother with fundamentals. There are much smarter people than me that are paid to analyse that stuff. Besides, if things are politically weak but this is already priced in or GBP is undervalued then price will be doing the ...

Cable Update (GBPUSD)

SL moved to break-even.

Cable Update (GBPUSD)

Start of a new week, will be learning from last week and only taking trades according to my system. Bias is long. Long 12575, SL 12560, TP 12625. However, wouldn't be surprised to see us go to weekly pivot at 12513 before continuing up.

Cable Update (GBPUSD)

I truly believe my system works, its just the physiological side of trading that I struggle with. Thanks for the comment. My system revolves around trading with the trend, only taking a counter trend trade at specific levels. A trending market can ...

Cable Update (GBPUSD)

Some learning points for myself for next week. Trading was going well earlier in the week. Taking trades according to my system. Yesterday I took shorts counter to the trend. Whilst this isn't against my system (my system allows me to short/long at ...

Cable Update (GBPUSD)

Out both my shorts but in again at 12546. Maybe this is what I get for going against trend.... Still think we will see 1.25 today.

Cable Update (GBPUSD)

Add short 12538, sl 12548, tp 12500

Cable Update (GBPUSD)

Short 12534, SL 12544, TP 12500. Will short again if it goes higher.

Cable Update (GBPUSD)

The way I see the rest of the day panning out. We go straight to R2 and can short down to R1. We retrace back to 1.25 R1 level and then continue up to R2. Happy to take either of these trades if price action confirms.

Cable Update (GBPUSD)

The way you trade is something to be proud of. Still working on letting my winners run, I have a lot to learn regarding the psychological side of trading.

Cable Update (GBPUSD)

Possible area for short is 12540 to 12560. R2 at 12550. Will only short if it gets to this level, as per my system.

Cable Update (GBPUSD)

Multiple trades that add up to 250 pips.

Cable Update (GBPUSD)

Agree with this but trying to avoid trading against the trend. Although the trend is debatable right now.

Cable Update (GBPUSD)

Closed 12494. +31 pips on the day. Staying out for rest of the day unless a good setup arises. Would like to see break above 1.25 to increase confidence in longs.

Cable Update (GBPUSD)

Will keep open during news but hedging with a short on EU.

Cable Update (GBPUSD)

Long 12470, SL 12455, TP 12500. Last trade for today if stopped out.

Cable Update (GBPUSD)

Out, will stay on side-lines for now. Potential long at daily pivot of 12444.

Cable Update (GBPUSD)

Not sure on your reasoning for this, can you explain? Daily and 4H look bullish to me.

Cable Update (GBPUSD)