Cable Update (GBPUSD)

well im just using small TF to enter a trade... to indentify it im using HI, H4 and Daily chat... for now H1 already overshoot... well.. im on sideline for a while..

I'm looking for 1.6260

Now We have clear uptrend signal I'm looking forward the same too

short 255
sl 280

Maybe higher than 6300, I'm waiting for last short @6330 for intra day.

OK hit

Good day to you,

Well done Excellent result. Keep it up

Regards

you think is a good idea going against the bull?
good luck

It break the first line,now we will shoot 163xx

finally..after wait almost 2 weeks...,i'm in,SELL, SL 6430, target unknown...wish me luck..

Hello everyone.

If GU weekly closes above the cluster.

Then my weekly targets are 1.6710 and 1.7430 area.

Good luck to all.

Just locked in some profit on cable been long since 1.6130... Still looking for it to move higher though. But whatever happens now some profit is in the bag.

Try to scalp 10pips

updates: hit TP 10 pips, not bad just for 10 minutes

May as well a huge diamond be forming on daily charts, it's in the cards i guess.

I´m LONG @ 1.6273
Target: 1.6323 for 50 pips.
I hope to hit the target today.

Hi all,
I'm a total newbie and a "trader" ultra amateur beginner
went short @ 1.6209...... did not expect this strong rise to come...
can I expect the pound to drop this week?

This is for garshid gold chart

Hi,

Fresh noob here, only a couple months old and only lost about £70 on a spread betting account so far, anyway will be happy if someone corrects me if I'm wrong on this.

I see a formation sitting on top of three monthly trend lines, and someone mentioned earlier that on the daily this is a megaphone which is bearish.....So do you think it will break out of this megaphone and go under these trend lines at which point would be a good time to jump in short? Am I warm at all? Help a noob to find his way around this forex thing!

All the trendlines are valid (on the first chart) and price is above all of them , but dont forget thats a monthly chart and price can move a few hundred pips on the monthly easily before a trendline is broken - so its bullish and look for dips to buy with with stop losses in place.When you go to lower time frames like daily , 4 hour , etc and place your trades , try to verbalise your trade plan to yourself and find a price at which you can say with no doubt in your mind that your idea was wrong - put your stop there.

Don't try to guess when the trend is going to change - just go with it until it does

To try to guess the top or bottom of the market is more risky than trading has to be - if price is going up over time , thats the trend and you look for entries to go long on pullbacks of price

There are , of course , people who break all of these rules and still profit but for now , its best to trade in the direction that price is actually going in ...

All the best