Long term trades on cable

With little time per day to stay with the system and analyze the forex market, I think it best to hold a position for considerable Long Term(7 weeks, depend on price movements). Although it requires huge capital and solid account management techniques. Join me as I post my Long term positions on Cable.

I will utilize pending orders since I may not be on the system to pick my position during price movements; will also initialize TP and SL accordingly.
Due to taking long term position, the SL range used is very wide as to avoid noise and price fluctuations.

I need other long term trader to help analyze long term positions as well.
Lets make Pips.


...analyze and WAIT!

Is this a trading journal? Besides, do all long-term positions necessarily have to involve a huge capital? I don't think so. Nevertheless, it will be good to have a thread to discuss long-term position trading (and, my preference, short-term swing trading, i.e. holding trades for 3-5 days) in general, not only for GBPUSD trading.

Trade safe and prosper.

KP

IF you are a long term trader and you're LONG on cable, keep your cool but take off some lots on your position as the cable is right on 61.8(1.2872 area) fibonacci retracement, a successful close/above this area will see a further upward push in the upcoming weeks.

current Long trades re-entry is at
-1st entry 38.2 (1.2690) TP at 1.2870 area and SL at 1.1890.
-2nd entry 1.2500, TP at 1.2680 area and SL at 1.1890

The MN time frame provides a bigger directional picture than the H4 time frame. The southward direction appears to be the impulsive (main) direction, while the northward is apparently corrective. Nevertheless, the sustainability of your position will depend on where and how you enter the market. For me, I am bearish cable and I have been for quite a while; waiting for feasible bearish setups on the daily time frame is the key.

Trade safe and prosper.

KP

Attached Image (click to enlarge)

Nice analysis- noted.

I've maintained a :Long position since from November and had taken trades between 1.2490 area to the upside (+600pips). A strong pull back from the fib 61.8 area may change my view back into bearish.

thanks.

CABLE still going north. I aim to ride the rest of my lot for a while on.
since H4 successfully closed above the 61.8% range for the 2nd time this weeks, hopefully we will have a D1 close above the area today. this will mean a further upward push to around 1.3000 area.

Long term traders what do you think?

Happy new month traders.
If you're a long term trader and can hold position for more than 2 weeks at a time. Join me in the analysis of cable overall movement for the month of February 2019.

For January our forecast for cable was for the range of 1.3000/1.3100 provided that we have violation to the upside of fib 61.8% which actually took us far into 1.3200 area, hope you cash in on that LONG ride.

For the month of February. we will keep a close eye on the fibs 100% mark. provided that we have price hovering around this range a candle formation for the downside to we should expect a bearish outlook. eye on the RSI toping at 70.38 in the last 5days.

We'll keep our entry1 close to 1.3150 area and SL 1.3300 and entry2 at 1.3220.

Note a violation above the range of 1.3300 area could mean a further push to the north since the RSI on D1 isn't in the overbought yet!


Have pips filled month