Cable Update (GBPUSD)

90 to 110 pips ADR is GU.

250 TO 290 Pips ADR for gold.

enough trying..just lucky lol..

i belive gu will go up today
dx is its way down in a range



can win 120 $ can loss 20-60 $

The only indication of direction that I 'see' right now is that US$ sentiment is down which is often (but not always) a sign that it will go the opposite direction!

morning
2121 long on M1
scalping only

nice and fast today
lots of pips to made scalping

hope everyone is buying this thing

below 2150 is always short for me

Paying attention to the 4-hour chart we can notice that:
for a long period of time, there is no clear trend in the GBP/USD currency pair, there is a noticeable support for the British pound (GBP) at the level of 1.21035...
The support level of 1.21035 prevents further decline in the GBP/USD currency pair...

Now let's look at the indicators:
The currency pair has moved noticeably away from the moving averages with periods 34, 55, 144 and 89, which are a number of resistance levels at 1.2151, 1.21725 and 1.2182.
The MACD histogram is still in the negative zone and slightly above its signal line, moving parallel to the time axis and not giving clear signals at the moment.
The stochastic oscillator is in the neutral area and is forming a sell signal for the British Pound (GBP) as the %K line falls below the %D line.
Since it is extremely risky to trust only one clear signal, and because of the slowdown in the decline in quotes, as a confirmation that the bearish sentiment in the GBP/USD currency pair may intensify in the forex market, it is necessary to wait for the breakdown of the support level of 1.21035, which may open the way to the levels of 1.2046 and 1.2015.

Otherwise, the bulls may retake the initiative and their targets will be 1.21745 and 1.22025.

Resistance levels: 1.21315, 1.2151, 1.21725/745, 1.2182.
Current price: 1.2113
Support levels: 1.21035, 1.20785, 1.2046, 1.2015

agreed
ive been using MA200 on M1 like Navk has taught us.
If it goes below it i will only scalp short.
I dont use any other indis, just PA.
But this gives an extra confidence element to it.


Thanx Navk !!

just scalp..beware beartrap

don't go there mf , i will re put another entry
you don't want to go there

AHHAHAHHA

ooopps...closed all..done today

LO is done.

And I need another 350 bucks to call it as Monday.

Really quick.

still hold your 1.2000 bro?

Sure?

I keep adding and scalping making profit, yes and below

Cam Levels
GBPUSD
Brk Out Long 1.21467
Short 1.21317
HL2 1.21266
HL1 1.21216
LL1 1.21116
LL2 1.21066
Long 1.21015
Brk Out Short 1.20865

I have daily target profit ranging from 1.5 % to 2 %.

Definitely not more than 2 %.

Can not go greedy.

Greediness leads to disaster.

still have 2 short..maybe we have same target to take 2k today..
2075 maybe low for today..