Should Have Waited Till Cable Reached S1. Anyway Bought Cable At 2.0338. Tp - 2.0360. And That Will Be For The Day.
STOPPED OUT AT BREAKEVEN. BOUGHT AGAIN AT 2.0325. TP 2.0350.
CLOSED IT FOR LOSS OF 15 PIPS.
Well Back To Scalping Again. Cable Buy At 2.0300. LOSS OF 12 PIPS AGAIN.
VERY TEMPTING TO BUY AGAIN AT 2.0270 (s2). SMALLER SIZE.
ADDED MORE AT 2.0249 DUE TO BULLISH GARTLEY PATTERN. SEE CHART - THIS IS 1 HOUR CHART. SIMILIAR PICTURE IN H4 ALSO.
due to work load I was not able to post my trades. just managed to squeeze the trade inbetween.
closed the two buy trades at 2.0270 (+20 and 0 pips)
another buy at 2.0196 (S3) for +30 pips.
now open cable - buy 2.0155, will close at end of day or 2.0213 which ever is earlier.
had to unexpectedly work over the weekend and yesterday. hence, could not post anything.
today, just got free - missed the chance to buy cable at S1 - 2.0096.
Now got a sell order at 2.0085 sl 40 pips and half tp at 2.0045.
thinking about a buy order at 2.0175. not sure now.
lot of support for cable not to fall. looking to buy at 2.0050. see chart H4.
If CBI data at 11 am is positive cable may start to move up again.
In the medium term if the harmonic pattern holds good - 2.0330 and 2.0460 appear to be good targets.
cable buy at 2.0055 25 pips stop loss. first tp 2.0083.
did not have the guts to wait for 2.0047 (S2) to buy. losing 7 pips extra profit.
cable bounced down of 23% fib level for today's high - low. not looking good for longs.
beginning to believe in big ben strategy more and more. today
sell entry would have been 2.0085 sl 40 pips and first tp 2.0045 second depending on risk level.
would have been a nice 40 pips profit (first tp) so far with rest moved to be.
daily chart with bullish pattern but as the box at the right end shows this pattern will be valid even when cable falls to 1.9542. usually it reaches about half the width of the box which is around 1.9880. if it reaches 1.9880 and there are signs of turn around will buy.
cable sell - targets reached at 1.9873. buy order (based on chart above) at 1.9870 also triggered.now to decide where to take profits. 2.0240/2.0340 if i feel it is strongly going up. chances of touching 2.0030 are good, so maybe take partial profit there. right now break even.