EU is less volatile compared to GU. I stopped trading EU long back. These days I trade GU, EN, GA, EA. If you catch the trend correctly you can make lots of pips in EN.

Cable Update (GBPUSD)

Dip is there for sure, so a quick dip and reverse? Do not want to short here though..

Cable Update (GBPUSD)

It is likely to retest 1.6860 then bounce to 1.6920.

Cable Update (GBPUSD)

It is only theory as I said, and one should use the technical levels for right entry to go long.

Cable Update (GBPUSD)

Today is month end. Profit bookers could be there, be cautious to sell at this level.

Cable Update (GBPUSD)

Long term bull trend still persists. what is not happening is just correction.

Cable Update (GBPUSD)

If it breaks 6850 and then holds, it is good buy.

Cable Update (GBPUSD)

10 AM is option expiry. The current oversold in 4 chart situation warrants retracement after option expiry time.

Cable Update (GBPUSD)

No not at this level, my dear. Best time to enter short is FF and London open. NY after 10 am is reversal time for that day.

Cable Update (GBPUSD)

Current support, 6852 and 6816. Options expiry could hold then break of 6852 to take stops out, then try to go long? This seam to me the strategy as 6816 is too far down to go that deep today.

Cable Update (GBPUSD)

Ok, Let me get out now with 5 pips + in my long. Will wait after 10 AM. Look for reversal over there after this time to go long.

Cable Update (GBPUSD)

GC + 5 in the mid of NY session.

As simple as possible: 00 level trading

On Monday's the range is 50 % of ADR for any pair.

Cable Update (GBPUSD)

Good you managed to come out green in GJ. I wouldn't take long at 172.90... and long entry at 172.80 is risky.

As simple as possible: 00 level trading

This is the only trade ( GU ) I took today and booked + 7 but otherwise I shorted EN and booked +++. though not as per this system. Overall in my both live a/c, more than 2 % done for this day.

As simple as possible: 00 level trading

My entry long is at 6980 just 30 min before NY open. Do not see a strength now to go further up.

Cable Update (GBPUSD)

Just picking up few pips on this dull Monday, not a big deal. But my daily target in both of my live a/c are done. 2 + 2 % in each. Shorted EN and picked up few. Went long in GU and picked up few too. Now I will wait what 10 AM news bring in .

Cable Update (GBPUSD)

If it was some other day, I would buy here. Notice that bearish 1 hr candle close and bullish beginning of 1 hr candle at 1.6970.

Cable Update (GBPUSD)

Suddenly dollar is gaining strength.

Cable Update (GBPUSD)

It looks just test of resistance and slapped down. Does not mean it will again make a try. If the second try fails, then may be 6920 but unlikely as we have seen Mondays are retracement days and not trending days.

Cable Update (GBPUSD)