Exited 1.2785.... +57' pips .. recovery continues. .. now -13 equity....

Cable Update (GBPUSD)

Bought 1.2728 . Target 1.2800

Cable Update (GBPUSD)

The usual lower wick in the weekly candle before another aggressive upswing again... 1.2950 is a possibility this week as far as price trades above 1.2680. I won't fall for their trap this week.

Cable Update (GBPUSD)

exited at 1.2730... -18 pips... Now left with sell from 1.2675 and buy from 1.2820... drawdown now -17%

Cable Update (GBPUSD)

Sell from 1.2750 got removed at 1.2775... - 25 pips... I have mini buy at 1.2820 to hedge my sell from 1.2675 and 1.2710... drawdown now reduced to 15% from previous minus 25% .... The recovery continues...

Cable Update (GBPUSD)

1.2750 - 1.2680 (extended) is a realistic target. The following sequence may not be ruled out... 1.2720 - 1.2977 1.2977 - 1.2827 1.2827 - 1.3166 (maximum this June) 1.3166 - 1.2445 (July) Bears should not rule out 1.3166 this June, the market makers ...

Cable Update (GBPUSD)

i went against my rules last week with directional bias against the trend and I paid for it. One interesting thing about forex trading is that it usually gives another opportunity to right the wrongs if the trader still has capital and is objective ...

Cable Update (GBPUSD)

The formation of bullish candles on weekly timeframe looks frightening, I don't usually look at weekly since I switched to scalping but now forced to switch back to swing due to return of Volatility. Bears including myself may hate what I'm about to ...

Cable Update (GBPUSD)

Yes, 1.2680 will still be seen and 1.2447 cannot also be ruled out in days ahead as far as 1.28xx stays unbroken.

Cable Update (GBPUSD)

I will wait and observe 4 hours trend which is now showing exhaustion, now I have removed 65% buy at 1.2820... the journey begins here.

Cable Update (GBPUSD)

I have closed my fourth sell with minus 10 pips. And also fully hedge my previous sells .. I'm currently in minus 25%, I can't tolerate more than this . Hedging will suspend this account till calm is seen.

Cable Update (GBPUSD)

I mean it is rare for me to have such a big drawdown since mid February, my maximum drawdown has been 12.53%... I caused this big drawdown though, I knew it's a buy and yet kept selling in the last month of the second quarter. 1.2774 was clear as ...

Cable Update (GBPUSD)

Very good observation, June 2020 high was 1.2812 and slid to 1.2250 same June... This 2nd Quarter now has 543 pips compared to first quarter that has 600+ pips. Volatility is back and I will have to switch from intraday trading to Swing. Price may ...

Cable Update (GBPUSD)

1.2680 previous high that was taken out.

Cable Update (GBPUSD)

Fourth sell triggered at 1.2810... 20% drawdown in 2 days.. rare

Cable Update (GBPUSD)

This usually occurs in the last month of each quarter.. aggressive moves...

Cable Update (GBPUSD)

This is playing out as indicated here... Expect at least 190 pips retracement before further fuel to 1.2777 - 1.2880.

Cable Update (GBPUSD)

Third sell limit waiting at 1.2750... I'm ready for the market makers stop hunting... Better prepared this time around

Cable Update (GBPUSD)

second sell added 1.2712.... all target 1.2610

Cable Update (GBPUSD)

Sold 1.2675... target 1.2600... if yesterday high doesn't get taken out within 4 hours, it means we may have seen the high for this week and 130 pips sell off to 1.2570 will be very possible.

Cable Update (GBPUSD)