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- Scotteyy replied Jul 1, 2020
Good position to short here imo. Overbought on 15m and hourly and tons of overhead resistance incoming. Monthly pivot, daily R2, weekly R1.
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
Thank you is that for use on MT4? Currently not on that platform but making the switch soon.
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
Will check it out, it seems you can't get this as an indicator on the IG platform can you get it on MT4? Or do you just calculate it online?
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
12485 area will be great for a reversal, confluence of monthly pivot and weekly R1.
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
Yeh, feel like I have my strategy down its just this one big hurdle thats hurting my profits.
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
The indecision scared me out of my long
+10 pips either way.Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
I will probably follow the short position from R1, however long at the moment.
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
EG looks to be in a strong uptrend at the moment, could come down to 9000 (psychological number and daily S2) before further move up. I'm probably wrong, noobie trader here!
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
Reckon today could be a ranging day followed by a decent upmove tomorrow.
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
Waiting for break out of this range in order to go long. If not could go to 1.20.
Cable Update (GBPUSD)
- Scotteyy replied Jul 1, 2020
Pretty ugly head and shoulders but I too would like a retrace

Cable Update (GBPUSD)
- Scotteyy replied Jun 30, 2020
Today has been good. Up 4%, only 10% away from break-even from the lows of -40%. Was hoping to hit break-even by the 6 month mark in mid August but might get there sooner if it keeps going like this!
Cable Update (GBPUSD)
- Scotteyy replied Jun 30, 2020
In the same trade but don't think it will make it back to daily pivot, not enough sell volume. Reckon retracement will take us to 12340.
Cable Update (GBPUSD)
- Scotteyy replied Jun 30, 2020
Also targeting R1 but kinda worried about that area I mentioned. We'll see.
Cable Update (GBPUSD)