1.62 area is a strong S/R level on weekly chart

Cable Update (GBPUSD)

My longs closed and short again. See how the close of week pans out.

Cable Update (GBPUSD)

It seems everyone has had a great day today.

Cable Update (GBPUSD)

Just as a curiosity roll back your weekly charts and view what has happened in the month of January for the last 6 years running.

Cable Update (GBPUSD)

Yep bullish however im cautious. The employment figures are out tomorrow from US.

Cable Update (GBPUSD)

I think your 'feeling' is correct. What your point is i'm not sure

Cable Update (GBPUSD)

Green and Red are key areas from my weekly chart. I use the weekly as direction and the daily chart as entry. Green line is the weekly buy area. Red line is the weekly short area. Blue line is in the wrong place, I haven't set it yet. This is just ...

Cable Update (GBPUSD)

I agree technically cable is still bullish. I'm just trying to point out trend lines can make a big difference to a chart by making it look more bullish/bearish depending on how it is drawn.

Cable Update (GBPUSD)

I personally don't TL's as they are random depending on the trader and seem to just fit so they look nice on graphs. The 2 in this chart were also 'valid'. The 2nd line is broken would that mean bears taking over? Suppose depends how people draw ...

Cable Update (GBPUSD)

Last week 3rd Jan we had 28% traders long and this morning it peaked at 40% long. Its a 12% increase. Always interesting to see what the herd is doing.

Cable Update (GBPUSD)

Interesting that there has been a 10% increase over the last week of forex factory traders being net long.

Cable Update (GBPUSD)

This is all u need to know about this tight stop trading 'strategy'.

Cable Update (GBPUSD)

Forex is a corrupt ruthless place where everyone is out to get your money! It is you (only you) vs the world and his dog. In live trading we are at the mercy of the big speculator moves, stop hunting, slippage of brokers, an underfunded ...

"good traders trade, bad traders teach"

Anyone who charges a subscription or a fee for teaching is a failed trader. Simple as. If they were great traders they would be millionaires and would not need to charge fees or run courses! Forex factory has many traders who start threads ...

"good traders trade, bad traders teach"

Depends what timeframe you are trading. This isnt a huge fall on the higher timeframes.

Cable Update (GBPUSD)

Fundamentally the reason given by many traders for G/U rising sharply, is the belief that BofE will be the first to increase interest rates. I think a rate rise will not happen due to political reasons in the UK. The conservative government's key to ...

Cable Update (GBPUSD)

Every time frame from 1 hour - monthly is bullish You best hope for good $ housing news at 3pm

Cable Update (GBPUSD)

Here is GBP/USD daily candle (got 2 hours before close) but it is currently looking like a pin. However going into both daily and weekly reverse zones. This looks like a short entry to me playing a busted pin

But... Naked Trading!? The Elegant Charts Thread

James16 thread, I read that a long time ago. I'm sure it has helped many a trader I trade very similar to yourself but on daily/weekly timeframe. I suppose using old J16 terminology my trade entry would be classed as a touch trade (Don't know if ...

But... Naked Trading!? The Elegant Charts Thread