H1
is it scalpable?
is it scalpable?
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Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
Dislikedthen we have more sell stops below to trigger new lows, and further sell limits at every lower high! . only until a clear push to take out trailing stops, before gbp can retrace. Now it's not even breathing, it's dumping 24/7.Ignored
DislikedBig Bearish Candle confirms down trend but need momentum and best Sell area for new traders is above 1.4980
for scalping 1.4945-1.4910 (Swing trading)Ignored
DislikedPretty crappy close for the daily candle. Closed red, but basically unchanged. Also got stopped out on my position from earlier @ B/E which is unfortunate, but those kind of things happen in trading and I'm just happy to have taken the trade I did and given myself a free chance at 500-1000 pips. Just surprised Cable wasn't good for another wave down as price bottomed out at a pretty random point in my opinion.Ignored
Dislikedits not random actually it has stopped at a very descent place..61.8 retrace on monthly and the support of a range which was previous resistance..this might be a area where price bounce back from..not holding my breath thou..
as tom says..i wish!!Ignored
DislikedI see how you arrived at those levels, but I don't use Fibs that way...and I don't look for any support/resistance (I don't want to confuse myself). Take today for example -- price topped out at what many would label a resistance zone, but I didn't need that drawn on my chart to tell me to trade that hourly bearish engulfing candle. Price action will ultimately tell you where supply/resistance is, which is the point I was trying to make this weekend.
Also, looks like I should've been taking trades on GBPAUD too...that pair trended very nicely and...Ignored