like this chart ... higher low ... place a bit stop above the bar that forms the higher low and stop under many traders love buying support just because ... but supports will always be tested in forms of double bottoms or treble bottoms or higher ...

Cable Update (GBPUSD)

It's a stupid rule I have that's kept me out of a lot of bad trades over the years when the market is ready to rally it will bounce off support and the do a higher low ... always

Cable Update (GBPUSD)

Like gold .. you want to try and sell that today ? that plan is a money loser the 14 sma is the trend line

Cable Update (GBPUSD)

can I help you a little ? plot a 14 sma on your charts... price is under it no buys price is above it no sells

Cable Update (GBPUSD)

average entry 1,2525 .. noted .. i hope it plays out for you ... means you started selling at 450 and adding all the way up to 700 .. yikes If the news on the weekend was really taken as bearish ... or the next cycle down started wouldn't they have ...

Cable Update (GBPUSD)

i trade vsa ... those weekly bars need to see reaction before we make any decision on long term ... action ad reaction ... before your 1.2 comes we will see a reversal bar on the weekly and zig zag on way down . So hold your horse it's only moved ...

Cable Update (GBPUSD)

1.2 is a long way away in mean time let's just trade what's on the charts in front of us today

Cable Update (GBPUSD)

Or ... the news was made up to justify the price movement 😂.. seen it all in the markets over the years will see what the London open range does today and see how price reacts with in it favouring downside retrace but any break out of the open range ...

Cable Update (GBPUSD)

Todays plan as long as we get breakdown of london open range to down side and price remains under 14 sma on 30. Trend on 30 min changes to up trading plan cancelled . url

Cable Update (GBPUSD)

url

vsa with Malcolm

On the 4 hour the 14 sma is at 1.2520 so my target is for price to come back down and tickle that moving average I only aim for 40 pip a day on gbp / 50 Dax and 100 Dow so if i get that 90 I have doubled days target the key to if this trend holds us ...

Cable Update (GBPUSD)

That's the plan for today sell rallies off a 30/15 as long as the price remains under the 14 sma target is that support level 1,2500 which is 38 percent of the up move 1.2450 is key level 50 percent of up move .. if that breaks we may have a ...

Cable Update (GBPUSD)

today as the 30 min is trending down I will be favouring a break of the open range ( first 30 min of London stock market open ) and a move towards 1.2500

Cable Update (GBPUSD)

An insitutional trade told me once that algos use 14 sma the price is still up on the 4 hour the algo are designed to kiss the 14 sma on retraces thats why i am I am interested in the 2450 area .. anyway i am a day trader trading intraday trends and ...

Cable Update (GBPUSD)

1.2450 is key ..... in ALL trends price will retrace and test for buyers or sellers depending on direction of trend ... do jot forget there are two sides to gbpusd equation and right now feds are cutting rates like mad if the news over the weekend ...

Cable Update (GBPUSD)

Down aboit 63 right now

Cable Update (GBPUSD)

Says who ? The Main stream new ? That's means it will be at 4..1200 by q1, 😂 Remeber when btc was at 18 l and all over news btc to $40 k within 6 months and then it went to 20 k for a day and then $3500 k lol I was actually advising Mates that weee ...

Cable Update (GBPUSD)

Dons chart was interesting if we have a look at what spring bars have done before we can see potential results of this one the one marked had some testing bit essentially marled the bottom of a long rally we always have to be on our toes as traders ...

General Trading Chat / Ideas

lets see .... ignore news or trade the opposite . Normally it works . or just trade the charts and forget news all together. In indexes bad news is good news as the worse the news the more bullish markets get on rate cuts and the higher the indexes ...

Cable Update (GBPUSD)

only 650 ... do better next time

Cable Update (GBPUSD)