Considering a few failed attempts to generate Sell signal, perhaps the market is telling me Sell is not the answer? It is either close beyond 1.20626 or 1.20826 for Short or Long as per my system, I will wait until a valid signal occurs. And yes, ...

Cable Update (GBPUSD)

Lol I hate it when the market wastes my time, price is so close to key levels to generate signals, I am forced to stay in front of computer and it has been 3 candles already, showing valid signals only to reverse at the end to disqualify the signal, ...

Cable Update (GBPUSD)

Just when I thought I will get an entry, towards the last minute the candle reversed back into pivot, thinking I will not have a signal, then at the very last few seconds the candle closed marginally below the Pivot! Candle close is 1.20620, lower ...

Cable Update (GBPUSD)

The close of M15 candle after the US Retail sales news, made the market dumped, then reversed to the upside a lot, leaving a long down wick, end up still within the pivot range, no trade signal yet. It is going to close beyond upper or lower end of ...

Cable Update (GBPUSD)

After Retail sales out, price dropped sharply below Daily pivot, 1.20626 is the lower end level. After candle closes, I will enter Short, SL 1.20826.

Cable Update (GBPUSD)

Price took out the Daily pivot lower level 1.20626, just dipped below it a bit, then bounced back with a Bullish engulfing, seems not wanting to close below it and start a downtrend. A close above 1.20826 will be a valid Long, SL 1.20626, there are ...

Cable Update (GBPUSD)

One way to look at this, is that the market stopped trending for now, my system is based on trend continuing, so if I am starting to hit SL more often, that means I need to switch my mindset to a more active one, draw support and resistance and try ...

Cable Update (GBPUSD)

SL hit =') So that's: Mon -1 +1 = net positive due to higher reward to risk Tue -1 -1 = double SL, worst scenario Wed (today) = no more active trades, waiting for next valid signal, probably after US retail sales Not a really good week, happens ...

Cable Update (GBPUSD)

Still sideways now maybe due to waiting for the US Core retail sales, in my experience the price can spike greatly, one way or the other. In a way, me staying in the ongoing trade from yesterday prevented me from overtrade in messy condition like ...

Cable Update (GBPUSD)

You need to pray to Boy Sminem to help you, watch this. url

Cable Update (GBPUSD)

PUMP IT. I already have an ongoing entry so I do not need to enter, but if I do not have an entry right now, I will go Long. Entry 1.21085, SL 1.20626 lower end of daily pivot, i dont expect pivot to break. Daily pivot (also the lower key level) ...

Cable Update (GBPUSD)

I have an ongoing Long from yesterday, I only have 1 active trade at a time, so I won't take new trades until my ongoing trade has an outcome, SL or TP. Today's daily pivot is near Lower key level, which means price is supported and provides a clear ...

Cable Update (GBPUSD)

My ongoing long is getting tortured.

Cable Update (GBPUSD)

I agree with my lord, good news doesn't always mean strong for that currency, vice versa, it's pointless trying to understand market reaction towards the news. That's why I only do technical analysis, and I believe if the structure is set up for ...

Cable Update (GBPUSD)

Yup, all green data for the news, initial pump after the news was great, pumped it to near my TP, then suddenly the momentum of the candle fizzled out, leaving a long up wick. Maybe the green candles will follow suit after giving it some time? ...

Cable Update (GBPUSD)

Stay above 1.21 = bullish, pump it.

Cable Update (GBPUSD)

Calculated the daily pivot before London opens today, pivot area is 1.20626 - 1.20826, which is lower than yesterday's pivot range, which also means price need to drop deeper to break the pivot range to switch back to downtrend again, as long as ...

Cable Update (GBPUSD)

Wow lord wizard you are so magical, it traveled 90% to SL then reversed all the way, now i am in slightly profitable territory. My Long survived! =) Let's see if TP will be hit later today.

Cable Update (GBPUSD)

You're not alone Lord Wizard, lost 1 today and now my ongoing Long isn't doing so good! I'm afraid I finally need to face my worst scenario of taking 2 SL in 1 day?

Cable Update (GBPUSD)

I am just following my system, minimizing my subjective judgement. No one knows where the price will go, especially GU this is a volatile pair, seen it when it explodes, it means business, ignoring the distance you think it might maximum traveled ...

Cable Update (GBPUSD)