Yess looking for a short at the current level!

Cable Update (GBPUSD)

I believe the gap has filled no?

Cable Update (GBPUSD)

It was for one of the reasons you posted, hourly bearish divergence. Plus, a gap down after a large rally in price is what we would expect, so I was looking for a pullback to fill the gap before shorting. It touched 4415 where I placed my order and ...

Cable Update (GBPUSD)

My daily PP just plotted at 4334. I am looking to long out of this area as the pivot is in a 38.2/50% zone. Beyond there 4235/60 is another area for a good buy.

Cable Update (GBPUSD)

An order to short was filled at 4315.

Cable Update (GBPUSD)

Nice. Yes, wanting a gap down, and somewhat of a pullback for an entry to short! Hourly bearish MACD divergence can support us in this.

Cable Update (GBPUSD)

I began with 1, 1k lot per trade ($0.10 per pip) which represented about 1:30 true leverage. Risk per trade I am not familiar with what it exactly means. My stops are never greater than 20 pips. Hopefully you can gather as much from what I said. I ...

Cable Update (GBPUSD)

haha .. I think I will try and maintain the same discipline when I can afford a 100k account. Still a student.

Cable Update (GBPUSD)

I also have noticed people like to post their performance up to now. I have posted mine. It's bits and pieces of my statement edited together to not show some personal information. I am a micro account trader and began with a $30 account with FXCM. ...

Cable Update (GBPUSD)

Well, I am not calling an absolute bottom as this is a very bold statement. As mentioned earlier in the USD index, a bearish divergence is present. The same is present in the DOW. Also this is seen in G/U daily and weekly. It won't matter to me ...

Cable Update (GBPUSD)

Where price currently is, according to xe.com, at 4330, is an overlap of a 50% and 61.8% fib. Could be looking at a nice buy come Sunday's open! Preferably a bounce from there, followed by a dip to 4150/70 or 4230/60 before heading north. Glad to ...

Cable Update (GBPUSD)

Bullish divergences are beginning to play out across usdx, djia and g/u. I posted charts a few pages back warning of this. I am not a g/u bull and being so low I will be looking to long and hold for a while. It will require some patience and ...

Cable Update (GBPUSD)

I don't know exactly what the pros use. But I did say that I heard pros, banks and big firms use pivot points to trade.

Cable Update (GBPUSD)

It was also a 61.8 fib level. I'm just saying, if we go back down there, there is a good chance it wont get respected too long. You can tell how strong a level is. Fewer touches and harder rallies from that level = very strong.

Cable Update (GBPUSD)

I see how you got that. It touched twice on the way up, the second time being higher than the first. This last touch was lower than both. Its not that strong and on the next touch price may just hesitate and ignore the level.

Cable Update (GBPUSD)

DOW has opened lower already. Dollar index is slowly ceeping up.

Cable Update (GBPUSD)

London session rallied off S1/M1 pivots and as expected it ended its rally at R1/M3 pivots. I see us down still. If we can clear 4100/60 we can remain bearish. Watch out for a low that is higher than 4150/60. If we then make a high above 4350/60, we ...

Cable Update (GBPUSD)

What support were you talking about? I see support at 4150/60...

Cable Update (GBPUSD)

Best of luck in the London session. I need to get sleep tonight. If you are bored, here are some videos that have formed the basis of how I trade. Found a recent one on gaps as well. Enjoy! Support (Demand) and Resistance (Supply) ... url (A ...

Cable Update (GBPUSD)

url no problem!

Cable Update (GBPUSD)