Be happy to take 30-50 to the downside but if you take a breakout long entry you could be in for something more like 75-100.

Cable Update (GBPUSD)

Here are my 3 options. Two short possibilities and 1 long. Short near 5150 with stop just above the high. Short a breakdown of 5100 .. enter on a pullback with stop back above 5100. Buy a pullback after breakout of the highs with stop just below. ...

Cable Update (GBPUSD)

Haha thanks ... Oh look some volatility.

Cable Update (GBPUSD)

No brainer trades. I brought up the idea of a double top, and got jumped on .. then we all started bickering! haha Just read if your interested, dont comment.

Cable Update (GBPUSD)

If I see 5130 again I may short. I called what could have been two trades now short from 5150 area. Some idiot in another thread was bashing me for it.

Cable Update (GBPUSD)

Lets trade! My indicator only lets you used line! Please post yours!

Cable Update (GBPUSD)

It rallied into some resistance if you zoom out. And check what the hourly candle might form. I wish you told me earlier !

Cable Update (GBPUSD)

This is what I've got. GBP/USD 4h in black, an inverse USDX in blue. The USDX is making lower highs (which is ACTUALLY higher lows since this line is an inverse). At the same time, GBP/USD is making higher highs and lows. So there is dollar ...

Cable Update (GBPUSD)

I agree on that 4h divergence with the USDX.

Cable Update (GBPUSD)

Keep this stuff up. I haven't the slightest clue about fundamentals other than what I have learned in an economics course I just finished in university ... . Charts tell me enough I guess. Explain in detail for other if you wish, but your most ...

Cable Update (GBPUSD)

Good work on looking at correlation! I actually plot the inverse of the USDX on top of a GBP/USD chart and look for instances where the dollar index is moving opposite to G/U, and then plan around that.

Cable Update (GBPUSD)

Bottom/top hunting is dangerous. Obvious trend is up. My last short there was at most +30 but I took BE on it, still a winner in my books. Some daily candles are looking bearish but who knows. All this bank data this week is messing everyone up. ...

Cable Update (GBPUSD)

IF you dont like my ideas or trade plans, dont comment. Someone may find some value to them.

No Brainer Trades

Im new to this thread not FF. That trade I took today is pretty typical of the trades I take.

No Brainer Trades

If it kept going I had a stop in place! 15 pips! The idea with that trade was it was a re-test of highs, which we can obviously call resistance now, so i shorted off resistance. Nothing wrong. And on the topic of double tops, whether they occur on a ...

No Brainer Trades

As price travelled to the high at 5155, there were two options. 1.) Enter long on a re-test of support after breaking out of 5155. 2.) Go short on a failure to break 5155. It's very easy to profit in forex. Buy at support, sell at resistance. Just ...

No Brainer Trades

Well, I agree 100%. Had I come to the computer now and saw a re-test of yesterday's high, I wouldn't short. But since I'm already short from todays high, then why not. With the pound, the next highest supply, or the next lowest demand levels are ...

No Brainer Trades

Our close times are different. I compare 5 pm EST NY close and 00:00 GMT close on MT4 Yesterday 00:00 GMT close was spinning top or doji (w/e you want to call it) and today 5:00 PM EST close was a hanging man. Im just providing my view. Theres no ...

No Brainer Trades

How often is a doubple top to-the-pip? .. It need not be to the pip. +/- 10 is ideal for me .. That level is also the monthly R1 pivot. Took a shot right at 5150 with no hesitation. Accompany that with some daily MACD bearish divergence

No Brainer Trades

nice trade!!

Cable Update (GBPUSD)