Cable Update (GBPUSD)

Yea I think it may hold off to next week were at the start of the spike and right on the weekly up tl

I'm slightly long, will short above 1.3170/1.3200 as last week, asset managers have been extra bullish over the past 10 years. Maybe some excess hence the fall

Intraday we are holding the 1.3087 support, and above 1.3094 even...time will tell if it wants to rise more

Exited at 3092 this time around after PA had flown to 3111 on getting to 3095 earlier on. Are the bulls defending 3100 with all they've got? Today might be tough all through

Look at the two GBPUSD charts below. Any cue? For me it is: wait, step aside until further price action.

KP

Attached Image (click to enlarge)

Attached Image (click to enlarge)

cable is ranging breakout will be massive

Long 3113, SL 3090. The bulls have recaptured the M5 average. That doji on H4 remains a concern though

the tl is the only hope not sure on any trump impeachment effect
btw there's only 1 way to draw that line

The daily suggests that line won't hold before the high

GBPUSD Daily chart:

Yes, the bears; out at 3095

There could be a fall coming in the NY session.

my stop 3074 for longs

knock..knock..

yes. knocking

X’mas and new year at india or back home buddy?

it did not break London low. My stop just below London low.

In India only.

Planning to visit Thailand during holidays.

M15 is still holding above 1.3187 in my books...make or break

yes, for me, london low is key.

That is the trend usually.

But very good support at 3070 area.

How to buy/sell:

I want to help you guys, I see here a lot of ppl that know how to find likely turning points but don't know how to sell/buy

As a professional trader since 2007 that try almost any money management risk system (1:1 1:2 1:6 2:1 etc..)

You can trade Gartley pattern AB=CD Bollinger Band Fibo E level Engulfing candle, Break out, etc

But if you don't know how to build your positions and how to act from the start when the market goes against you and yes its go against you many times.

So this is the way

5 Position minimum for a Deal

First, buy/sell Market price

Then 4 pending orders every 100 -200 pips (depends on Instrument volatility)

** will show minimum size:
First 0.01

pending order 1 buy/sell after 100 pips against you 0.01

pending order 2 buy/sell after 100 pips against you 0.01

pending order 3 buy/sell after 100 pips against you 0.01

pending order 4 buy/sell after 100 pips against you 0.02

The market goes with you 200 pips from any buy/sell positions = close all positions and make profit

If pending orders step is to buy/sell every 200 pips, so take profit is 400 pips.


If you work like the above you will have a super high success rate

at holiday too many people travelling..
i just stay at home