Cable Update (GBPUSD)

Lets Roll


SL Hit

short here 1.3306

...the current p/back hi of the day's main downmove is @ the 76.4% last wk hi - current dly lo move in a prev 1hr sw hi zone = pot res. The 15min bearish hidden div (and proviso that I detailed earlier re context,) is still present there, and has been joined by 30min bearish hidden div, but again the same proviso is relevant re it's next higher t/f - the 2hr.

Will probably hang around for the U.s data then finish. Double shift today as will be absent later in the week for a session or two.

1hr below.

Switched to Buy

If we check the monthly the bears don't have it, its much easier to trade in line with the trend even when ugly.
The weekly is the best amount of time to hold a bias, look lower from there.

gbp/usd has no signal now so i don't know where to go but aud/usd just gave a sell signal NOW.
SL-0.68354.

M30.

Hi. That's good advice, but I would think it is so particularly for those trading on a dly trigger, perhaps dropping down to 4hr if trying to better time an entry?
For, me I have two t/f combinations I study and operate my trading edge on, namely; 1min-5min-30min-2hr -and- 3min-15min-1hr-4hr. So, using the 1st t/f combo as the example, - If I get a 1min trigger candle close confirming a repeating set-up to enter the market, (@ a pre-identified area of interest re a higher t/f potential supp/res/sbr/rbs,) my interest is firstly what the 5min then 30min then 2hr is doing. If I get a 5min trigger candle close confirming a repeating set-up to enter the market (@ a pre-identified area of interest re a higher t/f potential supp/res/sbr/rbs,) then it is what the 30min then 2hr etc is doing that is of first interest, etc etc... So it's really all about t/f's, and multi time frame analysis, not to mention a rules-based methodology.

Hi. Lol, congrats!!
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... Intraday turns bullish now.

1hr below

Added one more long entry and I had to put a tight SL

closed +18 pips

GBPUSD - Sell

Now i think we have a pullback M15.

Okay first trade of the week let’s get it

...well price did enter the bottom of the prev 1hr sw hi zone = pot res that leads up to last wk's 3340 hi, @ the current dly hi. Countering that - the 4hr closed as a bullish thrust master engulfing candle of the prev 8 candle bodies on that t/f. This is at least suggestive of more upside - even after a p/back, but all may depend (for today @ least,?) on the upcoming U.s data?

99.6% of 30day adr traveled lo-hi, so far today.

4hr below

Come on break the days highs… oh and then Fridays high too

nordling..your mistake was engaging in conversation with bonzey LOL

it took me almost a year to get rid of him after I made that mistake LOL

closed +10 pips

Data mixed a green and a red. So a spike and then dump now crawling back to before data release. We may see 13340 if we can’t get back to the days highs