Cable Update (GBPUSD)

If Hourly closes above 1.2315 that is good for Bulls in the short term (until the news for USD, Manufacturing..).

Currently long gbpusd, long gold, short usdjpy

MT4 has all fib tools to measure, I use them but change it to GANN %'s

cheers,

Gold closed my long

I'm currently long UJ short gold.
Might close UJ soon but holding gold to retest bottom area or filling fvg around 1915 area.

USDJPY is in a complete Range, that is why this pair is acting weird and is going up in the same time as EURUSD and GBPUSD. In my opinion and in opinion of H4 Chart.

15M Long
30M just confirmed Long

Now, we wait for Hourly to close above 1.2315 (5-10 pips more would be ideal).

UJ is in a symmetrical triangle. Breakout should happen soon either later during LO or tonight during news.

Watch for Hourly on USDJPY. If it closes below 130.130 it suggests Bears are still there.
Long term there should be Buy there, that is why I expect them to drop the price on USDJPY today before the Fed. (Maybe Buy began already, who knows).

It will definitely break today yes.

[ F ] lol

Closed UJ long scalp, might retrace now.
Holding gold sell...
Might look for a GU or EU trade later.

Pretty good scalp I would say. (My monthly salary in a day)
Had a trade in gold otherwise I might enter more for UJ.

Triangle yes..

Hourly closed at ~1.23150. Due to good behaviour of EUR vs USD, I'll leave my trade on GBPUSD open for the day. SL the same, TP is as much as I can before the news for USD. GL people!

watching for test /breaks 2342/55 areas . earliest done before at breaks 2331 , , now signal breaks 2337 targets very very small after signal but important next action ! . take care
monthly confirmed bull last month and so to carry out over 2447 + for 2666

New Month levels


cheers,

Cam Levels
https://www.livecharts.co.uk/Members...rex_pivots.php

Hi Iddd,
I take it, you fall in the group of naked traders
A quick little story from the school of hard knocks:
2006 to 2008 - I started and followed Bloomberg and CNN. Man did I suck at trading. I lost deposit after deposit.
2008 - I started exploring Fx Street. I followed elioticians, harmonic traders, scalpers, long term traders. Information over load and I was jumping from system to system. I sucked at trading and was going nowhere.
2010 - I came across a pragmatic, charismatic, witty, funny prolific trader/poster. This guy was a popular all round nice guy. He could take a chart, put one or two horizontal lines on it and bang on the money all the time. His charts were clean and a breath of fresh air. It was a welcome relief from the information over load. I became so hooked on this trader and could follow him to the moon and back. I and everyone else were doing so well in our trading. The WTF moment came when this guy started posting less and less. We all realized that we were struggling in our trading once again. The wow moment came when he invited me to join him in a private group. I was elated and privileged. The only thing is that I had to come up with $10 000. I sold my car and everything else I could to come up with the money. It was a sh*t load of money that time and especially in South Africa. All went well for two weeks until he started losing big, and in no time my money was gone. It is only later on in life that I would come to realize that he was a range trader and caught us all in his good trading period.
Rest of 2010 to 2011 - I was financially shattered and stopped trading for almost two years.
2012 - I came across a guy here at Forex factory by the name of Nanningbob. I followed each and every post and this is where my trading journey really started making head way. I ultimately followed him to Steve Hopwood's trading forum and have been there ever since. I am eternally grateful to him and Steve for changing my life.

The charts that I post here is a product of over a decade and not just thumb sucked. I know each and every indicator backwards. More so, that it is re producible and I work off a matrix that can show me the state of any currency pair at any given time on any time frame. It may not be everyone's cup of tea, but it works for me.

I wish all traders here a successful journey and sincerely hope that you will not go through the same hard knocks as me.
Cheers