Cable Update (GBPUSD)

Quoting Bones

Disliked

interesting but very unlikely {quote}

Ignored

Quoting amikaking

Disliked

{quote} How is unlikely means? Looking at the chart, the price 1.3770 has just been trading there just 1 week ago on 8th March In forex, there is no wrong or right, only sound MM and the decision to trade given probability is high {image}

Ignored

Quoting amikaking

Disliked

See u guys at 1.3770 next week the chance is there, up to u whether to sell or not New york open candle is a strong H1 bear, rejection right at my C swing at 141.4% and below yesterday’s high and under 1.4000 the bullish cypher is in the making {image}

Ignored

Quoting amikaking

Disliked

{quote} How is unlikely means? Looking at the chart, the price 1.3770 has just been trading there just 1 week ago on 8th March In forex, there is no wrong or right, only sound MM and the decision to trade given probability is high {image}

Ignored

Quoting Bones

Disliked

I mean too the pip if it went back

Ignored

Quoting amikaking

Disliked

{quote} well, there is an engulfing bear candle form right below 141.4%, and under the confluence of 1.4000 psychology number few pips away after yesterday rally to the highs 1.3995 while eurusd today has fallen after Draghi speech, and gbpusd which correlate with eurusd should follow as well im entering my shorts at current level with SL at 1.4020 (161.8%) just in case the pattern is busted TP at 1.3775 but the risk to reward is more than the 1:3 {image}

Ignored

Quoting Nala66

Disliked

{quote} I don't look at the 1 minute until the 1 hour indicates a trade is on... The 1 minute or 5 minute gives me an entry usually based upon a divergence there. We have a bear divergence on the 1 hour today and we also had it on the 5 min where I take the punt to short. A divergence usually takes the price across the EMA so I set my target to that level on the 1 hour ( 38 pips ) done and dusted a couple of hours ago. {image}

Ignored

Quoting Nala66

Disliked

{quote} Thanks for the reply... That is fair enough, you are following what constitutes evidence for you and that is a good work ethic. Once you get your stop to BE what have you got to lose. I wish more people would trade like this rather than just 'THINKING' it is going up or down. I only managed 35 pips yesterday in drips and drabs the run I was expecting just didn't happen. I see now that I was in bed when a decent trade popped up of about 50 pips, that's trading we can't catch them all. Here was the trade I missed... {image}

Ignored