Cable Update (GBPUSD)

Best office environment!

lovely spot

uuummmmm....

I can't see the crocodile there lol

i hope you are right

i am right
and i am right about this also
the only reason that gu drop temporary is because the dx bounce from daily , now it will fly ,
tp changed to adr high and horizontal res , 1.36750

expect the price to break the range to test 3700 today

A couple of scalps long side , rare for me but looks like a good rr especially gy

where is the magical indi?

this is look like a מדוזה on you chart.

This is still fine

I expect the last leg to go down to around to 0.618 retrace of the last bull leg, it went a bit further but its forex. Sneaky stop hunt maybe, I had my morning scalp position taken out but my own fault. Had ample chance to TP and even reverse as I had the level and signal.

Still looks like classic bottoming on GU for me

Hi Scotteyy,
Thank you and also @ Coyoteugly, thanks, friend.
To answer your question. If we start showing clear bullish signals I will close some of my sell trades. In the past I was target orientated and would close a basket at 500 pips or so. Here's the thing. Starting afresh and opening new trades brings a whole new set of psychological issues for me. Even though I know we are in a trend I always sit and think that we could be nearing the end of the cycle or a trend, I will either be too scared to open trades or I will open a trade and not open anymore, only to realize, Sh*t, I should have opened more trades. In the process, I end up jeopardizing my full potential. It is much like today, I sit and think that I should close some of my sell trades because there is a possibility that we can swing up from here. But if I remind myself that we are in a downtrend and if I think about it nicely the chances are 20% for a reversal here and 80% for a trend continuation I feel more at ease leaving my trades open. I try and stack the odds in my favor. If we do move up from here and I decide to close trades on trend confirmation I can lose out on some profitable pips. It's the chance I take. I would like to know that we can move down a few hundred pips from here, but we never know in Forex. Opening a trade is hard but knowing when to close a trade is even more difficult. In summary, the set, lock-in and forget approach works best for me. Not something I was taught anywhere, but something that has grown or evolved into my personality. I could stand for correction too.
Hope I have answered your question.
Cheers.

i replaced it by the tma band and the bb stop
the magical indi good for trending market only

trade safe. hope bulls will push it, if they will do not flip at the ADR high like you love.
tp and breath outside.

go to the beach or something.

GJ Renko.
Just for don't sleep
About + 80 pips.

If anyone is trading binary options usd/cad through nadex today. You can hold a sell position on the 2700 strike until the 3pm expiry for a 1.5-2r if price retraces to the swing high made in london by 11am. Just sharing

GU is a correction overall so i have taken an impulse trade within swing 3 of the correction,

GY is a reversal overall and again i have taken an impulse within swing 3 of leg 3 of the break out

If sellers are gearing up this would be my take.