Yup, defo head and shoulders on H1/H4. Fast stoch on H4 maxed out and fast on H1 already on its way down. I've taken a short at 1.5225 I'm going to be a little more conservative and go for 1.5000 as there are a few more immediate support points at ...

Cable Update (GBPUSD)

I guess we were both right! You got you short to 1.5055 and I got my long to 1.5180. I was 5 pips away from having my S/L being taken out this morning. Out of the market at the moment as I can't see a clear direction. It's looking like a short to at ...

Cable Update (GBPUSD)

1.5100 target hit this time Long at 1.5100 S/L 1.5050 T/P 1.5180

Cable Update (GBPUSD)

On the contrary, its the lower timescale that produces the higher timescale. For H4 to go up H1 much come down.

Cable Update (GBPUSD)

Thanks. No, I did pray the first time as well, but I think it got lost in translation Btw, I'm not a sure thing so still not 100% this time either but all in all had a good day today (taking out the previous trade, up 180 pips so can't ...

Cable Update (GBPUSD)

Humble pie time !! S/L too tight, got taken out by whip saw. I still believe it will go down to at least 1.5100 (if not my original price of 1.5090) so willing to put my money where the price is! Short again at 1.5190.

Cable Update (GBPUSD)

I'd love to meet the sure thing who can honestly say that they are always 101% about any position they take? (ie. absolutely no chance of things going against you?) I'm 90% sure (hence stop loss)...always pray for the other 10%

Cable Update (GBPUSD)

Fast stoch on H1... Short at 1.5185 S/L - 1.5200 T/P - 1.5090

Cable Update (GBPUSD)

Target 2 achieved (1.5120).

Cable Update (GBPUSD)

Target 1 achieved and still plenty of scope on H4 for T2

Cable Update (GBPUSD)

I guess it'll have to be just a humble 100 pips then (based on H4 fast stoch)!

Cable Update (GBPUSD)

I've taken the dive. Shorted GU 1.5315! S/L 1.5350 1st T/P 1.5220 2nd T/P 1.5120

Cable Update (GBPUSD)

Good call. Btw, what broker are you with? I'm with UWC and their prices never got above 1.5350! I know there are small differences between broker quotes, but a whole 7 PIPS is amazing!!

Cable Update (GBPUSD)

I agree with canadian jack, both daily and weekly charts showing signs of short on stochastics (down to about 1.4800)

Cable Update (GBPUSD)

Care to share?

What Macd settings do you use

That's because COG is as useful as a fur coat in the middle of the sahara!! At first glance I thought this indicator was like the holy grail, but being the sceptical type, I watched it for a period of a week. COG repaints so badly that when you look ...

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