Cable Update (GBPUSD)

i dont like it , i thought it would of been down at 625 ish by now i got caught going short to early at 6281 and i have another short left now from yesterday, sl is a bit lower than yours fingers crossed lets get down 6255 for now

Raising order levels:

Sell stop : 1.6323

S / L : 1.6388

T / P : OPEN

Cable 1.6329 now

Looking pretty heavy to me

Not filled yet even after raising sell stop....

sell order 6373 sl 6403 gone to the 8 hour chart tecs still pointing down we have the 200 and the 20 as res hopefully

I missed the sell stop. I am thinking it will go up after 1.6340 being absorbed and G/J is not pointing down atm.

What number are you looking at to get in

On the hourly chart, this looks like an inverse head and shoulders pattern.

It missed my buy limit again

That's a shame, a few pips, to the trade.

Yes, that sounds nice.
I noticed yesterday, you had a good trade on GJ

Are you still in GJ?

imo good chance to get filled if still pending

out 338

This is looking long to me, but I'm going to try a short term short here, a scalp.

lol i wasn't short i left the offers way up high aka nothing done. you don't read everything i write do you. i'm wasn't risking any retest of the daily pivot by selling at 1.6300. also i would hardly call this "break" impressive but i'm prepared to offer down 1.64xx. obviously not going to happen before NFP

<p>hello. im new here. i recently followed your discussion about the cable. i found it really useful. especially the 'dailychart' guy who planned to buy the daily price action. forex is something new for me. i tried it on demo account and now i treat it as carefully managed as real money lol</p>

<p>i need some answers for my questions.</p>

<p>&nbsp;</p>

<p>i usually trade the 4H candles. but GU is something new for me, and i got confused by the candles, even the 4H doesn't seems right for me to take. too big candle up, too big candle down. it moves rapidly, but be rejected too fast and too powerful. just as if every session of the markets has its own opinion or something. and it doesn't even make a formation to go to their destination.&nbsp;<span style="line-height:1.4">i don't even understand where their target is for this 3 days -.-</span></p>

<p>&nbsp;</p>

<p>tomorrow i plan to trade just the daily chart on GU, which means im going to put a pending buy, few pips on today's high with SL below today's low, and TP/hedge it with trailing my 'sell stop' somewhere up there after profit in case some sellers try to establish the down trend, maybe, cz i consider it as the first rule of a daily candle, new high after a down trend + price action on key level, then a new trend, it is, or maybe im just a funny-newbie-guy who think such way exist? which one am i? :B</p>

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<p><span style="line-height:1.4">i like your ways here. answering things, not abandoning the newbies, sometimes give a painful truth, but that's the way i like the truth.</span></p>

<p>i wish i could get the same treatment as always here. so, can somebody give opinions for the plan above? or some advice for me about GU maybe.</p>

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Thanks and good luck.

buy 338 sl 300 tp 450+

I am still in EU