Cable Update (GBPUSD)

Quoting Pat Chiko

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To those who use DXY chart along with GU to trade. I got some noob question. I haven't seen this discussed much and would be good to get some feedback from some experienced traders that use this type of thinking/analysis in their assessments. For me the value of one pair must be comparable to something else for value to be properly evaluated, just by looking at the chart of GU one can not ascertain if this is good value to buy or sell because a piece of the puzzle is missing, what can one use to help this assessment. Is looking at long term DXY...

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Quoting Pat Chiko

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{quote} Pip Farm, Thanks for your heads up. I was in quick scalp and ditch the target & reverse the trade, in nick of time. Thanks again for your valuable post , in helping others to make trade decision more effectively. That's why we are here for. Regrds PAT This was the trade, that I manged to get out in quick action after reading your post {quote} {image}

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Quoting Pat Chiko

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To those who use DXY chart along with GU to trade. I got some noob question. I haven't seen this discussed much and would be good to get some feedback from some experienced traders that use this type of thinking/analysis in their assessments. For me the value of one pair must be comparable to something else for value to be properly evaluated, just by looking at the chart of GU one can not ascertain if this is good value to buy or sell because a piece of the puzzle is missing, what can one use to help this assessment. Is looking at long term DXY...

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Quoting Pat Chiko

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{quote} Same tools as standard in MT4 have. Marked by stars {image}

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Quoting BeeTogether

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Bulls need to look over their shoulder a drop below 138 reopens the road to 137

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Quoting Vincent1

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{quote} First attempt 2 Short Orders activated by the Sell Stop at 1.3759, SL at 1.3787 Risk 3% as per MM First TP at 1.3640 Second TP to be decided SL to move in profit as soon as the market structure allows it (after test?) What a beauty the candle on H1 Always the same strategy {image}

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Quoting MoneySucker

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Am I the only one who think price would go all the way to 3820 (and slightly above)?

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Quoting Pat Chiko

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Folks, all people are created equal...

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