Alright things started to get interesting, just got an alarm which i never want to turn off, price touched the upper end of my long term pivot, i definitely want to trade bounces from here, waiting for bullish engulfing confirmation at 1.19876 then ...

Cable Update (GBPUSD)

Wow got ignored by a member because i didn't strictly post GU related things, his ignore list is 57 members lol, i looked at his posts i saw him telling other members in here to refrain from posting anything unrelated to this thread, even warned ...

Cable Update (GBPUSD)

Ask yourself, do you have a working system? Is it something that can be repeated over and over again (with concrete rules) in the long run with net profit? Back in the day i trade without target, i exit when i see some profit, i exit when i feel the ...

Cable Update (GBPUSD)

I seriously need to chill out, head was messing with me, tempting me to trade to recoup the bad week, mood is down, don't feel like doing anything else. I am still not immune to emotional damage as I think I was. I thought July was the month I was ...

Cable Update (GBPUSD)

Exited prematurely the Long, then entered a quick dangerous trade and successfully recoup the loss from the Long, just enough to offset. The quick trade is entered based on the "would be TP" if I had taken the valid Short signal rejected off today's ...

Cable Update (GBPUSD)

Back into about 40% SL loss now, thinking back now, I guess my head is not fully cleared. I had many good days, so when suddenly the days become really bad, I suffer in bad decisions. I shouldn't have taken this Long, the daily pivot is well above ...

Cable Update (GBPUSD)

Well, not sure what to feel about this, the red news is good for US, but the dump in GU was not sharp, it even tries to climb back up now, I am still in slight profit for my ongoing Long. Nothing make sense anymore in this week I guess?

Cable Update (GBPUSD)

Ongoing Long doing well now, the US high impact news is coming soon about 20 mins, a few points I noticed: 1. Looking back at market reaction in the past due to the news release, price will react quite violently for this news. 2. So far 10 out of ...

Cable Update (GBPUSD)

After failing to establish any clear trend, I switched my head to range mode. My TP is always fixed 1.5x of my SL, sometimes I look at my TP whether there is enough room before any risk of reversal, my ongoing trade looks fine, TP is just below the ...

Cable Update (GBPUSD)

Long scenario materialized, bounced off support, entered Long a moment ago, hopefully this ends my losing streak. Entry 1.20466, SL 1.20027, TP 1.21124

Cable Update (GBPUSD)

Yup, hit my 5th SL this week, sucks. Now my head is clearer now. Daily upper key level 1.20368 and Daily lower key level 1.19906 happens to be very near to support zone. Close above upper key level would also mean bounce off support zone, a valid ...

Cable Update (GBPUSD)

Well, lesson learnt, added rules to further enhance my system. After hit 2 SL in a row, in other words it just means market is not trending and reversing at support/resistance, causing the SL. Then need to draw recent support/resistance zone and ...

Cable Update (GBPUSD)

The alarm materialized, after FOMC, structure turned bullish, and the support area 1.20466 - 1.20156 is once again supported the price, this support area was resistance from 18 July to 22 July, then as support since 27 July until now, 3 notable ...

Cable Update (GBPUSD)

Confident it will drop? Looking at the M15 open candle now, looks very similar to the GBP CPI earlier today, big pump then fizzled out, having big upside wick. 90% SL reached at the peak of the wick, not sure if the bullishness will continue in the ...

Cable Update (GBPUSD)

My IQ is limited, I dont understand what is the takeaway lol

Cable Update (GBPUSD)

Not sure what is your question, if you are asking what is the current pivot, it is 1.20626 - 1.20826, pivot is calculated by using HLC from previous day. If you are saying I am talking about pivot without attaching my chart, then I am sorry for not ...

Cable Update (GBPUSD)

The drop beyond the pivot looks convincing, I took Short, 2nd trade for the day. Entry 1.20471, SL 1.20826, TP 1.19938. I would monitor and keep an Alarm if price reversed and reached 1.20626, I might want to exit prematurely and switch to Long, a ...

Cable Update (GBPUSD)

Looking at the price action, I think I should refrain from trading for now, signals generated aren't reliable if the candles are messy, ranging, up & down with no concrete direction, maybe FOMC will show us the way. One of the points Fischer said in ...

Cable Update (GBPUSD)

SL hit in just 2 candles, price spiked up a lot, by the time candle closes, the price reversed and within pivot range again, disqualifying my Long entry. It's messy, price just doesn't want to do anything, 3 SL in a row at this point. Judging from ...

Cable Update (GBPUSD)

Price finally gave a more reasonable close below the Daily pivot, entered Short a moment ago. Entry 1.20590, SL 1.20826, TP 1.20239. The final high impact news (red news) this week for GBP or USD is the FOMC later, which might quickly push my trade ...

Cable Update (GBPUSD)