thats interesting deboooo2005 ,i cant get that last candle in my channel on daily ,no matter what one of them 3 top candles i use ,but I can on my 4hr off the top 2 ,anyone explain ?

Cable Update (GBPUSD)

gbp-usd long? — Hi Mike Been on the look out for a more long term trade on my favourite pair just wondered what you think of a long on GBP-USD from 1.9790 to say 2.0179 maybe 2.0248 Reason is we have a strong bullish candle on the weekly, and ...

MW's trading journal

its already closed just above ,get a new bar sunday ,might drop back to test the top of trendline but looks like were on our way up

Cable Update (GBPUSD)

thanks mate ,that earlier post just got me thinking,not a pattern trader but do find it intresting.

Cable Update (GBPUSD)

Since we have been talking about butterflys earlier today,I realise the are a bearish pattern but how would you trade it ( like can you measure hieght and when base is broken project target )and is the attached one on my 30 min screen?

Cable Update (GBPUSD)

agree with that my weekly is now flat,just think down for mo ,thinking its a retrace unless we get under 1.9700

Cable Update (GBPUSD)

its going down alright all you got to do is work out how far

Cable Update (GBPUSD)

yes done ok out of my triangle shorts overnight and break of 1.9700,still open minded on weekly bar until tomorrow night ,probably would not have taken the the break of 1.9700 if i had not had chat with you as always i am open minded looking for ...

Cable Update (GBPUSD)

AmeriTrini ,would just like to say thanks for giving me heads up on direction today made me think about my weekly down trendline ,you are a bit argumentive ,but I am warming to you,keep it up

Cable Update (GBPUSD)

ask 15 people here 5 will say up 5 down ,5 consolidating to me it looks like its preparing for next up move,and break above 1.9700 and close today would b a pretty bullish signal though im not seeing it yet clear break of 1.9590 could b a good scalp ...

Cable Update (GBPUSD)

looks like up dont it,break 1.9590 mabe to 1.9650

Cable Update (GBPUSD)

waiting for direction

Cable Update (GBPUSD)

also would i b right that even if we get a hammer candle this month you still need to check the next candle out for confirmation

Cable Update (GBPUSD)

Intresting the thing that strikes me the most there is you dont exactly get a bounce back into the up trend considering your looking at the monthly there are loads of bars at these levels before the resumption of former trend

Cable Update (GBPUSD)

Hope that was not because of me ....watch out for that pesky rising TD on my 4hr chart.Also read the last few posts by 1K s

Cable Update (GBPUSD)

man alive ,who says you cant lean somthing on a forum

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now there is the art required ,to b learnt... I have attached my 4 hr tell me this that magenta moving average is it possible to draw a trendline on that ?

Cable Update (GBPUSD)

im just saying ive been burnt by that line before now and im wary of it

Cable Update (GBPUSD)

the weekly has a long way to go before forming all i know is its under a pretty strong trendline that has been tested loads of times im looking for the weekly to close above to start looking for longs

Cable Update (GBPUSD)

ok , i would agree we have had bullish candles ,though not on weekly ,but there has been some crazy action going on with the fed n all that so im not sure how valid they are, i will admit i am not an expert yet but overall i still feel the higher ...

Cable Update (GBPUSD)