I think daily S1 at 12387 is likely to happen. As for lower, I'm not sure. Will likely get out at S1 and wait to see if we can break the lows at 12370 before getting in more shorts.

Cable Update (GBPUSD)

Moved SL to break even, will need to break through pivot at 12415 for bears to have control down to Daily S1.

Cable Update (GBPUSD)

Wasnt a good idea, won’t be doing that again. I’ll stick to trading during hours I’m awake! In short again at 12440, SL 12460, TP 12390

Cable Update (GBPUSD)

Gonna let a short run over night. Short 12430, SL 12450, TP open. Fairly confident we will see bears in the asian session, possibly naively so.

Cable Update (GBPUSD)

First part worked out okay, just waiting for confirmation for the short sell. Bias remains sell until we breach 200MA.

Cable Update (GBPUSD)

Thanks for the response, always appreciate advice from long time members. I simply use the 15m 200MA for trend as it stops me from having my own bias. Whilst price action may be able to provide the same information, I try to create rules that make ...

Cable Update (GBPUSD)

I'd like to see pullback to weekly pivot of 12440 for a potential short down to weekly s1 12336.

Cable Update (GBPUSD)

I'd advise learning from a more experienced trader, that's not something I pretend to be. Haha.

Cable Update (GBPUSD)

It's telling me we are in a downtrend, 15m 200MA currently sits at 12485. Hence, we could pullback up to that level. If we continue down, then by tomorrow it will be much lower and going back up to that level would require a trend reversal. I use ...

Cable Update (GBPUSD)

Unless it has a strong retrace today, I don't see us going back as high as 1.2475-1.25 until trend changes according to my system.

Cable Update (GBPUSD)

Short 12398, SL 12408, TP 12378. Low confidence trade so SL and TP are tight, was hoping for more of a pullback. Final trade for today.

Cable Update (GBPUSD)

This move is too strong, bias switched to sell. Not getting into any positions until we see a pullback. Good area for pullback would be daily s2 at 12380.

Cable Update (GBPUSD)

Yup, I feel that. I hate mondays...

Cable Update (GBPUSD)

Long 12410, SL 12400, TP 12480.

Cable Update (GBPUSD)

Bias is still long for now, waiting for confirmation to buy. If the next high remains below 15m 200MA, I will switch my bias to sell.

Cable Update (GBPUSD)

Thank you, I did think this was the case somewhat. So even low impact news could have a large effect if the actual is drastically different to the forecast? Guess it's time to crack open excel and start grabbing all the data!

Cable Update (GBPUSD)

Thanks for the input everyone.

Cable Update (GBPUSD)

Can anyone tell me which news events typically impact price the most? I know forex factory has the calender with events labeled by impact but it seems some of these events don't make too much of a difference.

Cable Update (GBPUSD)

Out for +50 pips. Can definitely see it going higher but its getting late so price action may be slow.

Cable Update (GBPUSD)

My main focus is on daily, weekly, monthly pivots. So clearing the daily pivot at 12394 will be key to taking us higher (in my opinion). I do consider highs/lows as well but it tends to be secondary to pivot levels. Although, I do see people have a ...

Cable Update (GBPUSD)