Now that PA has gotten the 3197 it had been looking for since Thursday last week, let's see what happens from here. I won't be surprised if we get back to 3360. 3390 was in sight before the sudden flight downwards

Cable Update (GBPUSD)

What could be the reason for that sudden drop of 36 pips? Anybody?

Cable Update (GBPUSD)

If you had been following Nala's bull-bear support strategy, you wouldn't close your trade. This is because of the major bear support is at 3273. Once PA gets there, you hold your patience and wait. Meanwhile, have you noticed the divergence on M15 ...

Cable Update (GBPUSD)

That means you held unto your trade until NFP? Or did you make your entry after NFP?

Cable Update (GBPUSD)

Out at 3232. Don't want to take any chances as today is NFP. PA had just closed with a bearish engulfer on M15. One other consideration is that at its last trip downwards, PA didn't get to its love pal, EMA 200 on M15 at 3200. I shall be on the ...

Cable Update (GBPUSD)

The last trip stopped at 5253. But we are back on track. Right now, we have only 3239 and 3259 ahead before 3273. At what point would you have entered this trade? As for me, I got in as the second M5 candle closed above the M5 average at 3231, even ...

Cable Update (GBPUSD)

Right now PA is testing 3230 on H1. If it takes it out, we shall then see a retest of 3273. For me, the drop from 3273 yesterday was too sharp and fast giving me the impression that PA might get back there soon. But as the saying goes, this $7 ...

Cable Update (GBPUSD)

Good morning Nala. I appreciate all your explanations. PA couldn't get to 3197 as it seemed yesterday but it might get there today even at this London session. But before then, bear supports at 3230 and 3222 as well as bull supports at 3224 and 3216 ...

Cable Update (GBPUSD)

Bullish engulfer on H4! So, the bulls are still kicking

Cable Update (GBPUSD)

Nala, are you watching? Don't you think PA is tilted toward 3139 than 3273. There is an engulfer on M30 and PA seems to be breaking away from M5 average. It's early morning yet though

Cable Update (GBPUSD)

I have taken time to go through your posts and I must applaud you for a great system that you have. I believe it will be nice for you to open a thread titled "Bull-Bear Support Strategy." The concept that you have developed will go a long way ...

Cable Update (GBPUSD)

Hedging is for the very experienced traders. If you are not good at identifying the turns in Price Action, ie, trend change both short-term and long term, steer clear from hedging. In that case, take the Stop Loss on the chin and wait for the next ...

Stop Loss or Hedge It?

At the moment, GU is show-casing the beauty of Davit's pivots. For the past three hours PA has been criss-crossing S61 as if it is not there. Without Divot's strategy this would have been a period of quandary. But now, one can wait with knowledge ...

Pivot Trading

Yes, I concur and this is from Nigeria. I have used other Pivots over the years without much result until I stumbled into Davit's Pivots and suddenly, the jig-saw puzzle in my trading fell into place. Davit, May God bless you immensely far beyond ...

Pivot Trading

If you trade Bolinger Bands (BB), it coincides with mid BB and low BB on H4. Note, however, that BB on H4 is consolidating at the moment

Cable Update (GBPUSD)

The News is bad but for now, the bears are nowhere in sight

Cable Update (GBPUSD)

H4 says the bulls are back!

Cable Update (GBPUSD)

Great one!

Cable Update (GBPUSD)

Maybe the bears are getting tired

Cable Update (GBPUSD)