Cable Update (GBPUSD)

I had a couple of sells in my morning session but after a strong move like this I like to see adr exceeded and a good potential resistance reason ....ie deeper into a zone and/or other confluence. Also like to see a distance before the 1st PPA (potential problem area) - in this case pot res becomes supp on the t/f's of interest to me. I don't take much notice of calculated pivots as everyones' are different depending on when they are calculated to and from...but as confluence with one or two other good reasons - well they add 'comfort' I guess.

Lol tp 1.25

1.2470 eventually...

Now. Short in at 1.2482

I just want a 20 pip retracement is that too much to ask

I'll open a SHORT Position at the 62% extension levels which coincides with 1.24900

This buy is very much anticipated since 1.2250 remains unbroken... Now prepare first sell @1.2500 and second sell @ 1.2550.... Target 1.2400 first target ... Analysis on this will be given before New York close

Hi Guys,

Exact touch of my weekly res 1 at 1.24839 my future daily pivot at 1.24402 ish and if anything I would look at adding there based on current momentum. Having said, I would not be surprised if price overshoots to the round number 1.25000

Cheers.

Don't you just love cable! Plenty of pips over the past few days.

...have scrunched up the 1hr chart below so can see- see how price went deep into that prev 1hr sw lo zone = prev supp = pot res. Not shown on this chart are that Wkly R1 and Mthly Pivot in close proximity and crucially price at 106% of 30 day adr at the Hi....only +7 pips scalped as the zone extends to 2498 likely on 2hr so could go deeper still - but still a hi-prob scalp based on the 1min + bearish reg div extending all way to 1hr - but you gotta be careful how you use div as it has been on 30min and 1hr all the way up lol! A small bonus as was just passing the office so waited for the short...be back for fed minutes.

quite a 4hr close here...v.bullish

the buy is unending and it's driving me crazy

Go with momentum Sir and not against the grain.
Cheers.

Nice exhibit. Where did you get it from??

advice to take counter trend trade.

1) Never counter the daily candle trend.

2) If i wish, i can take counter trend trade after 1 am est.

3) After daily ADR is reached.

success rate ? 50 : 50.

the price has moved from 2250 to 2480.

230 pips, after some consolidation tomorrow, the price will be bullish and end the week bullish.

Do not dream of reversal back to 2250 tis week.

This is for me only.

Monthly pivot 2487 done, looking to see an overshoot above 2550 to get the high of the BOE event. Then we'll see

But sentiment on the long run is upside bias.