Cable Update - Continued

Quoting Wavegarrick

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Trading the first quarter of the year has been a slog and pain in the butt. Time to step back and look at the broader picture. From a weekly perspective GU is contracting in a narrow range between 1.27000 and my yearly pivot at 1.25569. Notice the weekly rejection off 1.25569 with a higher weekly candle close. I tend to lean more to the upside but a weekly candle close above 1.27000 or below 1.25569 (yellow highlighted area) will be crux in price moving forward in the 2nd quarter of this year. Patience once gain of utmost importance here to catch...

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Quoting mallee

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{quote} The USDX is no help atm either. As you say patience is the key{image}

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Quoting Wavegarrick

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The general direction of the cable update thread. Post as you please with any pair but stick to GBPUSD as the main focus point. Caveats. No intimidation, no victimization, no slander, no baiting, no misgendering, no belittling, no ganging up, no racism. Will add as we go along My input depends on your participation. Not much really but a fair controlled and happy environment is what I strive for with everyone getting a chance to grow in forex. Update: Note: Scalpers, medium, long term, fundamental traders. All welcome. Post your charts or just entries....

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Quoting Abeylyn

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{quote} I came across your post and was surprised to see my buddy is the main actor here. So nice to discover. It will be highly appreciated if you post your weekly report on GU. Especially as regards the Elliott status on daily chart. This will enable both the short and medium term traders position themselves before market opens after weekly close. It's obvious you and Coreg are excellent in Elliott Count. We can actually work together to move the money round the world and corner the millions to ourselves. I see it as a very big market larger than...

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Quoting Wavegarrick

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{quote} Hi Abeylyn. Thanks for your interest in my posts. I am a long-term trader but have to make it clear that I have no affiliation with Coreg or Elliot wave. I have no idea how it works and follow price action, Cheers.

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Quoting Forgediron

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Hey, It looks a little shorty {image}

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Quoting Wavegarrick

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Ok I see we are talking past each other. My trade was a bitcoin trade. Cheers.

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Quoting Forgediron

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Must be some news out I guess Better put that stop in... {image}

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Quoting Forgediron

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Took a small hit last week. Fingers X'd for this one. I thought it might have gone back up to the marked 3370 area before dropping again today. {image}

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