Cable Update (GBPUSD)

Quoting pipcenturion

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@PAT and DrDave, I have been expecting GU to sell until 1.18XX for a few days now. I can finally see where all these is going. Once and if the 1.2326 RSF level is broken to the down side, we will see 1.19 or slightly lower. Interesting times are here!

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Quoting Coreg2004

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{quote} Mitiblotch, that is what today's data suggests but the DX index might not cooperate.{image}and the daily chart{image}

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Quoting Mitiblotch

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Are we selling? I still don't see it. I need a firm daily close below 2330. I will watch carefully to see what NY does today. I kind of feel the play book will be a sell this morning and NY will buy into the close. If that happens then Monday it will rise all the way up. However, my invalidation would be a daily/weekly close today below 2330. Please, I am still holding my buy from 2383 since yesterday. It went into profit many times but I didn't want to close it. I will hold for 2450 or a daily/weekly close today below 2330. I might scalp both ways...

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Quoting Indigo45

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{quote} That's is what I have learned in this group since joining forexfactory again (my old account was in 2011), I have learned to be disciplined other wise a looser. I learned a Lot from Mr. T721, Mr. Teek, Price Action from Mr. Sang Rea (Pat Chiko) l and from Indiara. I had a routine to check and analyze your entries, and finally get to the conclusion that this is such a power full method to have 80% success with at least 1:2 risk reward. You are half of my age, but I respect those from core of my heart who directly or indirectly added to my...

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Quoting Pat Chiko

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{quote} UJ closed scalp. Waititng for next set up Going for RT{image}

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Quoting Coreg2004

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{quote} SnailFX, I missed your post yesterday, sorry. Here is my take on how I see it. Check your wave (3) and compare it to the rules. {image} {image}

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Quoting pipcenturion

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When I say that price is nothing without volume, here is a lovely example. The candle closed with a bullish body and a long lower wick but the net volume for that hour was SELL {image}

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Quoting noox

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{quote} How do you see volume there?

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Quoting pipcenturion

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When I say that price is nothing without volume, here is a lovely example. The candle closed with a bullish body and a long lower wick but the net volume for that hour was SELL {image}

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Quoting Pat Chiko

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UJ Scalp SHORT{image}

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Quoting pipcenturion

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{quote} I use the historic data from mt4 then do some little mathematical joggling on it using MS Excel to reveal net buy/sell volume per period. {image}

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Quoting karankeni

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{quote} sire any sources to study your stratergy ?

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Quoting pipcenturion

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{quote} I use the historic data from mt4 then do some little mathematical joggling on it using MS Excel to reveal net buy/sell volume per period. {image}

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Quoting noox

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{quote} What do you mean by net volume? As I understand a transaction can only take place if there are two sides - one buyer, one seller. The net should always be 0 because you can't buy something that nobody else is selling. If someone sold it, you can buy it. The net volume is always 0. I'm genuinely curious.

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Quoting pipcenturion

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{quote} No sir! I created the model/strategy myself.

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