No confirmation on this yet so no buy. As it stands it doesn't look likely but will continue to monitor. ECB rate decision might have been the catalyst to send the dxy back up, albeit dxy still in a bearish trend and an upper TL held yesterday. On ...

Cable Update (GBPUSD)

This looks like a reversal pattern on yesterdays demand area. Will wait for confirmation before buying. I wont be shaken..yet! Yesterdays low breaking is my cue to abandon my plan and look lower down. A break above the Asia low will be encouraging. ...

Cable Update (GBPUSD)

I would like a pullback to buy. A bit crushed to have not caught the buy on S1, some other things were lining up but I wasn't paying attention closely enough. I likely would have been stopped out of my buy yesterday had I not TP'd at the pivot but ...

Cable Update (GBPUSD)

People should always follow their own trading plans instead of listening to anyone on the internet. Especially if you're a day trader. No matter how loud someone is screaming you should always write out your plan for the day, what will make you take ...

Cable Update (GBPUSD)

TPd for a lousy 25 pips/2.5xR whilst it was breaking down. Sidelines for now. Cable really schooling me this week

Cable Update (GBPUSD)

I'm in this trade, currently 50 pips in profit and holding for around 1.4050 . 0.618 fib level and juuust above demand. There were some clues including the false breakout. entered on the pinbar. url TPd for a lousy 25 pips after price went against ...

Cable Supply & Demand Intraday

And beyond this week

Cable Update (GBPUSD)

No issues, simple as it gets

EURUSD only

What data and how do you know ?

Cable Update (GBPUSD)

Mentioned this on the Euro thread earlier too, it did eventually come good, looks like bears resuming business (dxy being an inverse bellwether for cable)

Cable Update (GBPUSD)

Yea, honestly don't know. Got to be careful not to get too attached to an idea, gotta pull the plug when you're wrong. I kind of thought it might do a final reach down but if it breaks this low i'll leave it. Fingers crossed for a pump up and if not ...

Cable Update (GBPUSD)

This was my original thesis, lets see. I'm long again on the 0.618 retrace of the last bull run. May be in wishful thinking territory so last time long for today. BE for the day, frustrating. Could just be way off the mark favouring bulls. ...

Cable Update (GBPUSD)

1.3680??

Cable Update (GBPUSD)

Still nothing today. I could have scalped that channel up and down for a good amount of pips but i guess because i'm in a loss this week, i'm hunting for a bigger score. Which is the wrong way to approach things, recent performance history shouldn't ...

Cable Supply & Demand Intraday

Euro has hit psych level 1.20 for a retest finally so this could be the catalyst to send the dollar down and GU up. Maybe, lets see.

Cable Update (GBPUSD)

And there you have a small falling wedge forming on psych level 1.20 with some bull divergence. Lets see if it comes good

EURUSD only

Just basing hopefully for a rally. I think it wants to go up but Euro sinking so dxy pumping quite a bit. If/when dxy falls it should help GU up. Im positioned for long but if it drops I take BE yet again and look towards 1.3870-80

Cable Update (GBPUSD)

Stop playing

Cable Update (GBPUSD)

To me it's a great pattern, i use it almost daily. I have to combine it with a potential reversal level though, ideally some divergence too. Good confirmation for a reversal entry.

EURUSD only

I noticed this on Euro. Breakouts worked very well for a while then stopped working so I drifted away from the pair. I wont trade them anymore on EU, just confluence levels on lower TFs

EURUSD only