The pair is still in downtrend channel in 4H TF... I think, short is wiser at the moment, and I am looking for a good entry for short to join the channel.. In the second thought, if the pair can manage to shoot 1.5540, I can always change my mind ...

Cable Update (GBPUSD)

In the way I read the chart, I'll say generally the pair has resumed its downtrend (based on 4H TF)... Preferably to short here than taking long, IMO... Anyway, tomorrow is "Anything can happen" Friday... So I must be prepared, SL and TP must be set ...

Cable Update (GBPUSD)

Just another whipsaw... Lucky me I got my short closed a little while ago @ 1.55900 If I see the chart in 4H TF, the bullish engulfing pattern is (I don't know) being ignored by most of the traders today... The pair just can't resist to go down deep ...

Cable Update (GBPUSD)

My last short was closed @ 1.55222 just a moment ago... What a day, just see if the pair can breach that level and resume the downtrend; otherwise, let's see bull-people in the forum bragging about their successful trade today..

Cable Update (GBPUSD)

Momentum is still on bear's favor... Too much risks involved to go long at this point, I think it is better to trade the market following its trend today... If I'm not mistaken, key point will be at level 1.55200, should it breach the level, I can ...

Cable Update (GBPUSD)

What a whipsaw we've just experienced... Hope none of you guys got whipped in the last move...

Cable Update (GBPUSD)

I can say that it is a momentum building for bears, so many pressures downward..

Cable Update (GBPUSD)

Still trying to push downward, but is challenged by lower BB... I guess my magic number is still in play, will see it whenever the time is ready... You know, these kind of hunch does not take much convenient, not until it is proven, lol

Cable Update (GBPUSD)

Will not reach my magic number today? If it still can't pierce through my BB, I will assume a good entry for Long is confirmed

Cable Update (GBPUSD)

Not yet a signal to go Long either...

Cable Update (GBPUSD)

I see that the pair is kind of been traded ranging inside my BB in 15M TF.. Not sure though, but it is a good formation for scalpers... Not my trading type anyway, but seeing is believing... Will my 1.55555 magic level be reached by today? Friday? ...

Cable Update (GBPUSD)

Sure thing, I'm also watching the pair should it signal anything significant (not to mention jumpy at this moment...) Hasty decision leads to disaster, unlike patience, that will give you peace of mind...

Cable Update (GBPUSD)

The pair can be doing descending channel right now, let me re-attach my last attachment (4H TF) I think that the level 1.55555 is worth looking for a fresh Long opportunity (if any present...) Still bearish at the moment of writing and will keep a ...

Cable Update (GBPUSD)

The trend is still to the upside IMO but closed my previous Long just a moment ago.. The pair is seen retracing from previous jump... Will wait for better opportunity to enter Long; otherwise, let the trend tell us...

Cable Update (GBPUSD)

It's been a while, no new post, no new low, no new high... Where is everybody? Hiding? Playing?

Cable Update (GBPUSD)

Looking for a good entry for Long now.. So many pressure to the downside, yet no new low as of writing...

Cable Update (GBPUSD)

If the pair can't move back to primary uptrend (based on 4H TF), it will just dive deeper until triangle's breakout occurs... So many short momentum right now, but it is just as many as the uncertainty that follow... The phrase "What if" is so ...

Cable Update (GBPUSD)

And I was right... My TP was hit around 17:08, probably GMT? Now I'll be a little bit busy outside trading...

Cable Update (GBPUSD)

I think that the pair is still in bullish momentum as shown in 4H TF chart... Long @ 1.57907, looking above 1.83ish level, and eager to be stopped out @ around 1.574ish level should the market can prove me wrong...

Cable Update (GBPUSD)

Here's the leftover from some change I got from the last trade: In the shorter term, the pair is seen traded inside the bull cloud already... Closed the last trade anticipating whipsaw coming over like it was when some news are ready to kick in ...

Cable Update (GBPUSD)