Cable Update (GBPUSD)

Quoting BeeTogether

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{quote} even though he is polling well from what I’ve been reading he won’t win many if any seats. His appeal is to the far right of the Tory party with one mantra to stir up racial hatred.

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Quoting Yngwie

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Sold 1.2667 SL 1.2687

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Quoting varun76

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{quote} why would you sell with such a SL, Makes no sense. I could be wrong though.

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Quoting varun76

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{quote} why would you sell with such a SL, Makes no sense. I could be wrong though.

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Quoting eyefeelsix

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{quote} what's wrong with that SL level ?

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Quoting Headland

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{quote} Hi. I don't know about Yngwie's reasons for selling there with that s/l but he has a high win rate on his (as close as he can make them in a threaded forum format) real-time trade calls in this thread, - from my anecdotal/observational evidence, (I haven't been recording or anything lol!) The question for me was why would you not sell there? @ Potential res (testing high into the zone) and sbr, and other factors on my lower t/f trade-entry trigger charts. Regards --------------------- 1hr below {image}

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Quoting varun76

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{quote} {quote} We have a beautiful Lower Low on H4 TF, on H1 we have multiple indications a divergence followed by a lower high and higher low and most importantly the trend line has been broken so unless its a scalp that might form a higher low on even smaller tf it might be forming a Lower High on H4 TF, but again its just mu opinion on this particular move nothing aginst his expertise. Cheers {image} {image}

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Quoting varun76

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{quote} {quote} We have a beautiful Lower Low on H4 TF, on H1 we have multiple indications a divergence followed by a lower high and higher low and most importantly the trend line has been broken so unless its a scalp that might form a higher low on even smaller tf it might be forming a Lower High on H4 TF, but again its just mu opinion on this particular move nothing aginst his expertise. Cheers {image} {image}

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Quoting varun76

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{quote} {quote} We have a beautiful Lower Low on H4 TF, on H1 we have multiple indications a divergence followed by a lower high and higher low and most importantly the trend line has been broken so unless its a scalp that might form a higher low on even smaller tf it might be forming a Lower High on H4 TF, but again its just mu opinion on this particular move nothing aginst his expertise. Cheers {image} {image}

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Quoting Headland

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{quote} Yes, on Dly, we have a L @ 2658 (below last HL @ 2688,) a LH @ 2740, and what will be the 1st LL @ fri/last week's lo 2621 lo or lower. On 4hr the t/f is in a 'general' downtrend. and on 1hr , there was what for me was a L (@ asian/current dly lo) after a HL then LH (using 3 candle fractals,) but the move up from there (asian/current dly lo) has seen the t/f exhibit signs of strength certainly, but for me it is not in an uptrend yet. Intraday obviously is overall bullish so far. I guess it all depends on the t/f's we are respectively using/interested...

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Quoting fxted

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{quote} Added gold. GU closed 1 and 1 BE. {image}

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Quoting eyefeelsix

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{quote} Oh ok! thanks for the explanation bob. scalp maybe yes, I see he only looks for 10-20p in - out every day. based on Fibo and Price Action.

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