Which pullback do you mean? From 7040 to 7090? Anyway, I'm off to get some rest, next week will tell, anyway.

Cable Update (GBPUSD)

Its normal for both sellers and buyers to take profit, but thats why we see those 30-60% pullbacks. Thats a normal pullback within a trend continuation. An almost 100% pullback is not taking profit, imho.

Cable Update (GBPUSD)

I agree, martingale is risky. I like Tautrader, he is nice and polite, but I also remember he was longing the euro drop since 1.3850, until the account lost most of its $. As you said...it may work for weeks or even months, but then one trade kills ...

Cable Update (GBPUSD)

We could have a "no news" bullish monday during EU session. Wouldn't be the first time.

Cable Update (GBPUSD)

So you are saying we will go either up or down.

Cable Update (GBPUSD)

Last time we had a candle like that around 6880, before an attack of 6997, it looked similar. The day had a similar pattern, too.

Cable Update (GBPUSD)

No, my first long got stopped out and I didn't enter the 2nd, because we didn't have a higher double bottom. Next week, if you check my chart, you will know where I will be buying.

Cable Update (GBPUSD)

I will be trading this, when the week starts. Have a good weekend, everyone. image

Cable Update (GBPUSD)

All I'm saying, that if I'm a bull and want to buy, I let the bears do their job. I just wait and with only bears on the market, the price drops quick. Then when the price is low enough, I start buying. For me, bulls and bears wanting the same, ...

Cable Update (GBPUSD)

Lets come back to it monday-tuesday. No need to explain, market will tell.

Cable Update (GBPUSD)

I meant that the move was done by buyers, who were buying low. If both bulls and bears want to go down, its mostly this quick and reversed quick also. Maybe to target a new high. Anyway, we will know for sure next week, my money will be on the bull ...

Cable Update (GBPUSD)

Different view? Do you still think we will see 1.69 before 1.72?

Cable Update (GBPUSD)

Waiting for the close, but as I said earlier...looks like this down move wasn't done by bears, but by bulls. I think we will only re-test 7060s next week, before a new high, 72 or more. Not shorting this before.

Cable Update (GBPUSD)

Next week, market open, the first few hours...might be the last for a while.

EURUSD

Back to 7071, where I got stopped out...this is unstoppable bull, I'm curious if H4 does reverse the last H4, if yes, might be a setup for new highs for next week.

Cable Update (GBPUSD)

Ah yes...well, I'm long biased on cable and will always rather buy the dips than sell the spikes. At least for now, until something major changes the trend. Right now, I would love to see double bottom or anywhere close to 7040, to buy again towards ...

Cable Update (GBPUSD)