Pin bar formed on M15 chart, so the trade is looking good. Moved stops to break even. Trying to get into this habbit.

GBPUSD

Ascending triangle on cable. About a 50 pip drop in 15 minutes. Entered long at the bottom of the triangle using 777's 5 minute strategy, with a 10 pip stop, looking for 10-15 pip profit. I think we might see a small pullback before a retest again. ...

GBPUSD

Hi Dave, great calls man. I follow your thread too ... it is excellent. I'm trying to learn this "wave count puzzle" from your posts ... thanx for bringing the numbers back. Just an observation. If the 1.1991 breaks, I think we might be headed to ...

My trades by Dave

Guys, is this thing working properly. Seems like it's a bit broken by me. On the stroke of midnight, the pivots supposed to change automatically. This doesn't happen with me. I have to refresh before this takes effect. Oh well, will just have to ...

Automated Daily/Weekly Pivots here

They don't recommend Met4 yet 'cos it's still got a few bugs that they have to sort out. On the demo I've tried to hedge and it seems that they don't charge extra margin too. Thanx for the feedback Jim. Habeeb

Interbank FX

Sorry for all the annoying charts. Just been a bit bored. image

GBPUSD

On the 4Hr chart we see that cable has broken out of the downward channel, bouncing off the 38 fibo at 1.7550, and settling at the 1.7512 area (above the channel). A break above 1.7550 and cable will be attracted to the weekly pivot and 68 fibo, ...

GBPUSD

Cable has been found some strength to fight back today, after falling to 1.7390. Cable is now stuck at former support of 1.7513 area (now resistance). A break above will see resistance again at 1.7550 area. A break below 1.7500, and we might be ...

GBPUSD

Dave, could you put the numbers on the charts again (1,2,3,a,b,c, etc). Can't quite follow at the moment. Thanx Habeeb

My trades by Dave

Cable is stuck in a channel, and has found support again at the 1.7512 area. Cable fell this morning and bounced off the weekly S1 pivot, and the bottom of the channel (1.7469). A break of 1.7512, and we could test this low again. A break above the ...

GBPUSD

You're welcome. Glad you liked it. Readings are taken off the daily chart. Midnight here is midnight on the chart too ... GMT +2. Don't know if MT4 price/time feed is the same everywhere. I've still got to make it "time adjustable". Don't know how ...

Automated Daily/Weekly Pivots here

Yes, it was more an emotional factor. Just not being able to accept the truth of the matter that the market is not going in your direction, even after all the analysis. Well, this is not the first time though. It's really something I've got to work ...

GBPUSD

Nothing to motivate that decision ... just plain stupidity on my part.:o

GBPUSD

Stop was in place until I messed with it (this is my weakness). You are right. Once price broke through, I should've entered a short. I'll try to keep a more open mind next time.

GBPUSD

I wanted cable to move up, so I could take my profits and retire for the weekend three fibo support levels around the 1.7750 area, the daily pivot at 1.7750, the double bottoms at 1.7752, and a trendline support.

GBPUSD

image Today was a really bad day. Nothing went right but I've only got myself to blame. The signs were there but I didn't pay attention to them. I was just seeing things like I WANTED to see them. As the chart above shows, a pin bar at the top, a ...

GBPUSD

Cable playing the fool today. Went down to the R1 pivot, and seems to be turning around. On the M15 chart we've got a BOVB (bullish outside vertical bar) forming. Looks like a pin bar forming on the 1hr chart, which might lead to a pin forming on ...

GBPUSD

image .

GBPUSD

Cable is the only one getting a whipping from the dollar. Down 100 pips already since the day's open. Anybody know why?

GBPUSD