This is just the beginning...

Cable Update (GBPUSD)

Here are reasons I decided to short * there has been no monthly candle that price didn't drop below the opening price by at least 3 pips, should this current month candle fail to do that, It will definitely drop below June opening in early July and ...

Cable Update (GBPUSD)

The number reason for adopting ranges is to avoid big slippage. In an erratic market environment, there is strong need for solid risk management and ranges provide that. This week for example first sell entry made at 1.2492 when weekly distance was ...

Cable Update (GBPUSD)

I don't think I will be of any value or help to day/short term traders here as I do not see any future in it. 79% of retail traders lose money to these Robber Banks and in a very clumsy manner. I will create a thread for swing traders and hope we ...

Cable Update (GBPUSD)

I seriously wonder why most traders cannot tolerate floating negative of 80-150 pips and start moaning about potential negative. To stay in this market you must have definite trade plans ahead of time and no price movement no matter the volatility ...

Cable Update (GBPUSD)

I maintain a bearish stand with weekly possible top at 1.2535-1.2575 before a quick and aggressive drop to 1.2310-1.2280 levels... Price trading at 1.2522 as at time of typing.

Cable Update (GBPUSD)

Here is my quote from May 15 (10:15pm) when price closed the week at 1.2100 I made a call price will move to 1.2745 within 3-6 weeks and it did move to 1.2745 level within 4 weeks. I remember back then I had many people attacking my projection and ...

Cable Update (GBPUSD)

Here is a post since 36 hours ago when price was trading at 1.2385 level already anticipating 1.2530 level... Always anticipate ahead of time... Take your time and prepare. Never let any price movement catch you off guard.

Cable Update (GBPUSD)

I seriously wonder why most traders cannot tolerate floating negative of 80-150 pips and start moaning about potential negative. To stay in this market you must have definite trade plans ahead of time and no price movement no matter the volatility ...

Cable Update (GBPUSD)

Fingers crossed...

Cable Update (GBPUSD)

Giving up on your short so soon. 1.2310/1.2280 like a flash. Do not be trapped upstairs. Cheers.

Cable Update (GBPUSD)

Any rise remains a crash to 1.2310/1.2280

Cable Update (GBPUSD)

These moves are expected... Levels are 1.2495...1.2535...1.2575..always prepare for movements ahead of time

Cable Update (GBPUSD)

Careful Bulls... Failure to break 1.2575 is invitation of 1.2310/1.2280 area which can be quick and aggressive.

Cable Update (GBPUSD)

Current price at 1.2525 Last week after price touched a low of 1.2453 there was a bounce to 1.2587 being 234 pips reversal which ended up to be momentum gathering for another crash to 1.2332. The range from 1.2453-1.2587 between Monday/Tuesday was ...

Cable Update (GBPUSD)

Second Sell activated @1.2530 level... Crash from here or activate third and final sell at 1.2575 level all for target of 1.2310. This is a swing trade not scalp trade.

Cable Update (GBPUSD)

I will post something related to this during the weekend.

Cable Update (GBPUSD)

Thanks mate... Nothing is certain in forex market but we all have to strive to make something out of it. Ranges also have pitfalls but the pitfalls are very rare. Since 2008 global financial crisis exchange rates have become more regulated to avoid ...

Cable Update (GBPUSD)

The first rule of trading is risk management and applications. Now we also need to understand why and how to apply risk management. Why apply risk management? Simple answer is to guide against loss due to exchange rate uncertainties as the higher ...

Cable Update (GBPUSD)

Thanks mate.

Cable Update (GBPUSD)