Not technically an inverse head and shoulder pattern until the pattern completes which would require a break of the 104.860 level. Although I also don't trade patterns anyway.

Cable Update (GBPUSD)

Perhaps with more experience I'd have better intuition to time these early exits for appropriate times but overall it seems to be a net negative for me currently. As for your other question on setting TP, I typically do the closest pivot level to ...

Cable Update (GBPUSD)

So I actually exited my positions early near the top today, it served me well today and I have managed to get back in for another long. However, exiting my positions early is a psychological error (probably the biggest thing holding me back) and ...

Cable Update (GBPUSD)

You don't necessarily need to take someone else's strategy and adapt it to start. I have taken trading ideas, such as market structure and price action and combined it with a single indicator (Pivot Points). However, my strategy was created by ...

Cable Update (GBPUSD)

Had multiple calls with T721, taught me a lot, absolutely free of charge. Not sure why he’d try to charge some people and not others. Whilst I don’t copy his strategy nor entries, I’ve used his advice to adapt my strategy and it seems to be more ...

Cable Update (GBPUSD)

1.2390 area looks like a good area for a long if price action confirms.

Cable Update (GBPUSD)

Still holding longs from yesterday, added another at 1.2375. Will not add anymore now. To see weekly pivot today would mean breaching R2 which is typically a tough resistance to pass, we also have the confluence of R1 and yesterday's high to pass. ...

Cable Update (GBPUSD)

Few more hours left but I’m going with this forecast. I do think we will likely take out the lows in Asian session before a strong bullish reaction for the remainder of the day.

Cable Update (GBPUSD)

May be a doji day then bullish tomorrow. Either way I’d like to see weekly pivot hit first before deciding direction for the rest of the week. Still holding long from earlier around b/e now.

Cable Update (GBPUSD)

In fairness, I would have the same emotions trading with 0.01 lots as I would 1 lot. My psychological fear is based on being unprofitable rather than the money being made or lost. Definitely something I need to work on. But yes your statement about ...

Cable Update (GBPUSD)

Lost a couple earlier in the day going long. Currently in a long from 1.2375, could get out to break-even for the day but going to stick to the plan. Targeting weekly pivot at 1.2440. Will see how price reacts from there. If we break through, next ...

Cable Update (GBPUSD)

Hit me with it, I'll probably double the chance I have a profitable day tomorrow.

Cable Update (GBPUSD)

Yeh they should probably just get rid of the whole diamond thing, I can't see a single useful purpose it actually serves.

Cable Update (GBPUSD)

So plan for next week will be to long until price reaches weekly pivot (1.2436). Based on the fact that theres a 70-80% chance of price hitting the weekly pivot first (don't have the exact number to hand but this was my findings over a 52 week ...

Cable Update (GBPUSD)

We can dream.

Cable Update (GBPUSD)

PeterCaleb got his membership revoked? Did I miss the party?

Cable Update (GBPUSD)

The three things that improved my trading significantly was: 1. Follow the trend ALWAYS, ideally it should align on multiple timeframes. 15m, 1H, 4H, 1D are all down, there are no reasons to be buying at this point. At least wait for a change of ...

Cable Update (GBPUSD)

Bullish reaction from 1.24 as expected, will continue to hold shorts. I believe we will break it.

New Cable Thread & Other Pairs

I got two shorts at 12434 and 12442 with SL now moved to the high at 12446 so risk is extremely low 0.2% total. Targeting daily S1 at 12367 for a 2.3% gain. But I wish you luck!

New Cable Thread & Other Pairs

I think if I put my stop to B/e I’ll get stopped out. Entry is 12463, SL is 12438. It’s a low risk trade, only 0.25%. I never have big risk on counter trend trades. Likely won’t have signal once I get there, it’s the ultimate trade and walk away ...

New Cable Thread & Other Pairs