Cable Update (GBPUSD)

Any update guys

Is that a morning star on the 4HR?

yes sure is buddy .....i thinking this could go quite far ..

if downtrend continues possible target 1.9692

me being a swing trader i can't get no pips from this slummping pair.

There were Reversal set-ups to 1hr chart at that intraday low 9362, shown is the 1hr chart.

Seems to of parked here.. guess it could go a little higher this afternoon, but could also go down and retest.. I'm out at +41

why are u not going with the trend ..

i shoot for 100+ pips per trade do you see a trend i don't see

i manage to get 66 pips this week

I shoot for 10 pips a trade. I just multiply my lot size for how much i want to win. I used to always try and capture 50+ pips a trade. But my mentor showed me a different way without being too greedy.

So far im up 140 since sunday and my wife is up 165.

This Thing Is Setting Up For A Drop.

Yea i was feeling the same so I bailed w/ some pips..

mabe down to 9200

been very tough of late of catch decent 100 pip move, very thin volatile market perfect for the scalper who has no emotion and care for direction! just trading the paper direction

This is what I do to recover my account when in trouble 10 pips here a 20 there and it all adds up. So I'll be doing this till I am sure....

trying to grab a few more pips south from 9444 .. will close before the swap police come knocking.

yeah i know what u mean ...trend ....huh!!!!!

66 pips for u still not bad
better than -66

Hey everyone, I am not so sure about a drop. I will show you why. As you know my laptop died and I lost all my charts, but I have been slowly building them back up. I believe the long awaited long is coming. The drawback of this is it's solely based on the 1 Hr timeframe DTL. However, there is some 4 hr evidence as well as Daily.

1st on the 1 Hr we have a Morning star and it's looking like we may get a test of the back of this trendline which I might add is part of the same DTL on all 3 charts. The 2 nd chart we have a Morning Star along with an orange X to show where I think we could go. Out on the daily a Bullish pin is being formed and could present us with yet another Morning Star. So, yes, I think a long is in the picture. See 2nd post for Daily chart.

Jim

Daily TF