My first rule now is capital protection. Price has turned bullish and there are two possible prices for this January 1.2015 versus 1.2650... my bias is now bullish as far as price trades above 1.2250 and if I'm wrong, i will quickly cut my loss.

Cable Update (GBPUSD)

Thanks for the advice.

Cable Update (GBPUSD)

Above 1.2250 will target 1.2650 this January... Trade with caution. I will exit my sell trade at break even if price returns to 1.2291.

Cable Update (GBPUSD)

This week is likely to be volatile and explosive.... A likely battle between 1.2600 versus 1.2015... Trade with utmost caution

Cable Update (GBPUSD)

Sold GU at 1.2292... target 1.2192... second sell limit at 1.2360

Cable Update (GBPUSD)

Great work mate. I remember how I lost heavily in Year 2018 April due to my directional bias of April being usually bullish months and i blindly followed it. That year 2018 happens to be the first year in many years that there was a bearish April.

Cable Update (GBPUSD)

Thanks for the positive feedback mste.

Cable Update (GBPUSD)

(YEAR 2010 - YEAR 2024) Jan Ranges Jan 2010 = 560 pips Jan 2011 = 652 pips Jan 2012 = 560 pips Jan 2013 = 564 pips Jan 2014 = 359 pips Jan 2015 = 597 pips Jan 2016 = 736 pips Jan 2017 = 687 pips Jan 2018 = 888 pips Jan 2019 = 790 pips Jan 2020 = 312 ...

Cable Update (GBPUSD)

Exited at 1.2210... +30 pips.

Cable Update (GBPUSD)

Year 2024 (last year) produced minimum being 194 pips. Chance of having two consecutive minimum range is less than 10%, this explains why we are having explosive start to the year. Guys follow @fxninja9744 on X for more statistical update on ...

Cable Update (GBPUSD)

The problem of overconfidence and not taking profit off is almost a general problem. You may as well split your entries and take some partial profit out and let some roll on to intended target. The market doesn't move in a straight line, there will ...

Cable Update (GBPUSD)

My stake is just 1.5% hence no stop loss used... I will even add more buy if price drops to 1.20xx... The maximum first 12 days of January in the last 15 years is 524 pips and so far this first 12 days of January 2025 has done 476 pips range which ...

Cable Update (GBPUSD)

Bought GU at 1.2180, target 1.2240...

Cable Update (GBPUSD)

Current week range 206 pips (1.2305 - 1.2099) versus expected week range 250 pips... Simulations ✓1.2099 + 250 = 1.2349 ✓1.2305 - 250 = 1.2055 Current month range is 475 pips of expected 450 - 650 pips. Why is price dancing in between the high and ...

Cable Update (GBPUSD)

I must admit Moty has really improved, now spaces entries really well, better patience and also very good response to price actions. May be a little bit of money management will perfect it in cases where there are overblown daily candles.

Cable Update (GBPUSD)

Exited 1.2300... +30 pips...

Cable Update (GBPUSD)

Exited at 1.2300... 104 pips.

Cable Update (GBPUSD)

You are spot on mate. This consecutive sell presents a very good buying opportunity for swing approach. The key is good money management... ✓GBPUSD has traded at 1.31 in 9 consecutive years of last 15 years.... A good zigzag pattern. Year: 2016, ...

Cable Update (GBPUSD)

You are a very experienced trader. Most times early year dump is usually met with aggressive buying in the mid to late part of the year. As a matter of fact, this January may still see 1.27.

Cable Update (GBPUSD)

Year 2017 move may repeat itself this year, though subject to UK Gov. If price is to close around 1.20 - 1.21 zone, at least a mini bounce to 1.2350/70 area is a real possibility... Another scenario may be a support here at 1.20 - 1.21 zone and a ...

Cable Update (GBPUSD)