If GU goes lower it will go without me. I'm not going to give up 40+ pips (lesson learned) to check if the next swing down happens...

Cable Update (GBPUSD)

kuroro001, I asked bc your analysis matches my to the letter...

Cable Update (GBPUSD)

kuroro001, what method of trading do you use if I may ask? Can you post your chart?...Good luck with your trading.

Cable Update (GBPUSD)

krst8, I am pattern trader (Elliot Waves, Harmonic Patterns, Weekly & Daily Ranges) so the news is not important to me besides the fact that if I am in the trade during the news my SL or TP will be hit quicker... and I don't look for the logic, ...

Cable Update (GBPUSD)

Don't look back on your executive decisions...Contemplate scenarios and SL (can I afford e.g >than 30pips?)Yesterday I refused to pay 6 pips spread and gave up 40+pips (potential W_4 after abc)...Now the possible play is 3-3-5 so you are all good.

Cable Update (GBPUSD)

TV, be mindful of what to expect...other options are on the table too...

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Thanks TV, sometimes I got lucky too...Didn't expect such a fast drop. When I recognized what's going on the spread was 6 pips (way before 5 pm NY time) and decided to hold. Very long day for me today. TS @1.31509

Cable Update (GBPUSD)

Arshamv, if I recognize the pattern (EW, HP) correctly usually my TA works perfectly, if I don't I have to scramble and adjust to new conditions...It was bearish Bat pattern on Daily Chart. I and many other traders intended to short at these levels ...

Cable Update (GBPUSD)

...and I am done for today. image DX chart image Enjoy your day everyone...

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Arshamv, on my chart TA, works perfectly...

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msniper, similar view on GJ but my zone is wider (143.16-144.62)...I can always be wrong...

Cable Update (GBPUSD)

only one hurdle to the 36 days old target (1.3204)...Can GU get there?

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msniper, excellent work as always...and one more thing, I don't predict I forecast...

Cable Update (GBPUSD)

In case GU goes banana today see the chart below...@ServerUang, please restrain yourself from taking the cheap shots at fellow traders, FF forum and this thread is our office, aspire to higher standards...Good trading to all. I am out today.

Cable Update (GBPUSD)

GU is close to the HOD ...

Cable Update (GBPUSD)

Montygoldy, plenty of room and time to go up...of course, I can be wrong...

Cable Update (GBPUSD)

close above 1.2977 should open the doors for 1.3081 ...and I agree with you Bones, maybe not today bc 200% yesterday's range has been reached... unless the market wants to prove us wrong and will do it today...Weekly target before possible reverse ...

Cable Update (GBPUSD)

Impossible is nothing...

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TV, that's OK. We trade what we see...as long as you stay with your rules for completion and invalidation of your pattern you will be OK ...Please, do the exercise: mark on your chart Pivot Points from the prior day and trade according to the rules ...

Cable Update (GBPUSD)

...continuation from yesterday

Cable Update (GBPUSD)