I agree with this, I think we were just testing the uptrend line. Now down we go...

Cable Update (GBPUSD)

Risking a buy here at 12465 due to weekly pivot and daily S1.

Cable Update (GBPUSD)

Currently just a fight between daily pivot and 15m 200 EMA/1h 50 EMA. Which will break first who knows...

Cable Update (GBPUSD)

Yeh im waiting for a move above pivot before entering a long. If not could fall to weekly pivot before a bit of upside.

Cable Update (GBPUSD)

Yeh I'm big on risk management, that's one thing I can stick to. I'm trading minimum lot sizes which is like 0.05 on my broker and my risk per trade tends to be around 0.5%. I told myself I'd do this until I ATLEAST got back to break-even (which I'm ...

Cable Update (GBPUSD)

As I said previously I am new, been trading 4 months. I'm completely aware that I have a lot to learn and however I also know I have a plan that works from back-testing its just the psychological aspect of trading (listening to others being a part ...

Cable Update (GBPUSD)

Yeh I've learnt that the hard way today May take a break from the thread during the day and see if it has any effect.

Cable Update (GBPUSD)

If I had stuck to my strategy today I'd have been +150 pips but all the bears in the thread got me thinking otherwise, very silly on my part at the end of the day people are trading on different timeframes and I shouldn't let their trades influence ...

Cable Update (GBPUSD)

Honestly its just been a very silly day of not sticking to any of my rules and now I'm stuck in a floating loss hoping for the best. We have R1 and the uptrend line dating back from 19th Mar, 17 May etc. I was hoping the retrace of the dollar index ...

Cable Update (GBPUSD)

considering dumping the shorts, this just doesn't want to go down... Knowing me though ill exit and price will drop 200 pips...

Cable Update (GBPUSD)

Heres me hoping...

Cable Update (GBPUSD)

Does the dollar index ever retrace or does it just keep going down til it hits 0?

Cable Update (GBPUSD)

If we end the day around here the daily chart is giving us a nice hammer for the shorts tomorrow.

Cable Update (GBPUSD)

When dollar index retraces this is going to plummet...

Cable Update (GBPUSD)

Jheez well played.

Cable Update (GBPUSD)

Agreed I'm up 5 pips overall today... Waiting for a clear direction before I go in again. I'm thinking we will go below daily pivot today.

Cable Update (GBPUSD)

Great quote.

Cable Update (GBPUSD)

Going to buy this bounce off the weekly pivot and 100EMA 15m timeframe.

Cable Update (GBPUSD)

Thank you, I appreciate your talk on ranges, definitely seems like a useful tool. One question though can these ranges not be compromised due to certain fundamentals, for example Coronavirus/lockdown. I guess that's where the risk management comes ...

Cable Update (GBPUSD)

Ahh its always been used to refer to a kid where I'm from. I have treatment this time next month so we will see but until then gotta keep on trading.

Cable Update (GBPUSD)