Aussie making new highs on CPI report, little impact on cable yet but it will be interesting to watch GBPAUD - possible test of all time lows & support below 1.48, break below or a bounce could have some impact here.. same situation in EU/EURAUD - ...

Cable Update (GBPUSD)

H4 chart update: zone adjusted as supply being consumed - there were two "top of each other" zones originating in June. Broken TL from May 2010 (black) being re-tested, i still see an ascending wedge ('compression' reaching for supply, very bearish) ...

Cable Update (GBPUSD)

Spot on I sold it - not the number but a clear 'supply touch' PA on M1 got me in... closed part at the channel TL, rest running with be.. decided whether to close at this point & buy, maybe a wrong decision but don't want to buy into ...

Cable Update (GBPUSD)

thanks BB, i will check this; i like MAs, usually i have the 50 on my chart in some form. Look at this: (M5) channel respected despite news bar from the very beginning of the move until now: possibilities: long entry around lower TL break down and ...

Cable Update (GBPUSD)

agree. stops would have to be wide, size small and even then it's catching a knife - strong bull across all timeframes and with those unresolved US issues, some gossip talk can spike us another 100 pips up in blink of an eye (not probable but ...

Cable Update (GBPUSD)

LOL, cable is still the funniest one when it comes to news. Didn't play it, congrats to those who did i sold that spike @6404 sl 6444 tp open (half size).. let's see

Cable Update (GBPUSD)

Thank you fontu and keep going 'your way'.. followed your work more than a year ago in eu thread and still a source of inspiration yes, the abbreviations: SD = supply & demand, SZ = supply zone (resistance), DZ = demand zone (support).. ...

Cable Update (GBPUSD)

the power of SD — not be ! did it, already closed 70% of pos +30p, made up for the stupid loss before, and some. the reaction level was almost to the pip. won't hesitate to reenter short a bit higher again, see the chart i ...

Cable Update (GBPUSD)

ok i'm glad the charts may tell something but please don't take my trade calls or advices for real trading, i'm posting to LEARN not to teach, listen to more experienced traders!! There are some really great ones posting analyses here, compare ...

Cable Update (GBPUSD)

yes, price too low yet and very risky to short imo. i will wait till 6365+ with any short, even if now we get a pullback to 6308/14. will consider to buy if we get there, not higher. no action at this level/time of day if not scalping few pips.. not ...

Cable Update (GBPUSD)

Well, I have a bad habit of having to find out everything on my own, but thanks however, for kind words and generosity. i'm gonna play this where's the bank game, there's a nice one in GBPUSD, just 50 pips above us, will watch for bull exhaustion ...

Price action is dumb, and you're lazy for thinking otherwise

Thanks for reply. I just asked since e.g. most people running threads is the Systems section are convinced their system is objective, while in fact it's very far from truth. My definition of objective system? Can be automated, at least to great ...

Price action is dumb, and you're lazy for thinking otherwise

Excellent book, agreed. But it's enough for me to know that majority of swans is white; the rest is risk management. I don't want you to disclose anything about your system, but just one question: Is your approach systematic? i.e. are all the pieces ...

Price action is dumb, and you're lazy for thinking otherwise

There ain't bull or bear traps since there is no trend, this is chop. It's wealthy to stay out of it. If you really have to trade, you can scalp the extremes of the range but you must take small profits immediately. Don't hope to catch a solid move ...

Cable Update (GBPUSD)

Good plan but let's see if we get that high.. If there was a market with a constant ever-lasting range, who would want to trade a trend?! that 6307 sell - half pos closed +12p other half stopped out @be had a loss in eu but recovered ...

Cable Update (GBPUSD)

seems like pivots don't mean anything today.. european currencies bid up by frankie as usual.. let's see if it's a head fake or not. i think it is.

Cable Update (GBPUSD)

Same wish to you and to everybody here. Should be an interesting week. No red news today, expected more of a downdrift movement to 6260/619x but with this obsessive demand in eur (if there's a day without horror news or rumours), its daily trendline ...

Cable Update (GBPUSD)

Cheers. Don't mind it, just keep them small and don't let your decisions be influenced with it. Loss is a loss no matter when it happens. I've got a loss a while ago. I was scalping short since open, then took a short entry at 6302 with a tiny sl, ...

Cable Update (GBPUSD)

maybe but be careful

Cable Update (GBPUSD)

well, news=movement, not direction. there was a knee jerk kickdown but supposedly huge orders above 4380 got triggered and pimped it up.. it seems eu wants its pip which is higher (and it has to take out my be stop @4423).. cable in slave mode, ...

Cable Update (GBPUSD)