H4 - lower lows and lower highs. Working on my discipline. Gotta stay with what I see, not what I think might happen.

Cable Update (GBPUSD)

Very quiet all of a sudden. There about to announce the winner. The crowds holding there breath. Drum roll please!

Cable Update (GBPUSD)

S @ 4495 (H1 Pin Bar and 50% fib retrace) SL @ 15555 (above WPP and 200MA) TP open

Cable Update (GBPUSD)

2nd half stopped at BE. We got the 50% fib up. Could be a nice pin bar forming on the H1.

Cable Update (GBPUSD)

I got stung by that devilish whipsaw this morning, but got back on track. First target hit - 1/4 taken off. Looking for 4584 next. SL is trailing.

Cable Update (GBPUSD)

I'm still looking to 4520 to 4545 before any serious downside.

Cable Update (GBPUSD)

Here's my analysis to start the week. I'm not looking down yet. Weekly Coming off the 78.2 fib Last week gravestone doji (inverted pin bar) and prev week rickshaw doji - indicates uncertainty at the moment and could mean a change in trend Side note ...

Cable Update (GBPUSD)

You're on track — Your on the right track. Regardless of your trading style, you seem to have your head on straigt (90% of the battle). Years ago when I started trading options, I started conservative and hot. But, I listened to ...

Cable Update (GBPUSD)

Great find — Great find b. Tharp's stuff is always good. I must have answered honestly, because he nailed me spot on.

Cable Update (GBPUSD)

Not seeing it — Hey BTF. I don't see anything unusual. That would have been at 16:30 on this chart.

Cable Update (GBPUSD)

excellent clip — Thanks for the video Mike. Excellent perspective. I took the pin bar like mike w. I exited -4 as the PA just started muddling through the wee hours. For me it was a positive trade, because I was comfortable with my analysis ...

james16 Chart Thread

too funny — After I posted I noticed the 61.8 fib was also the monthly S1 pivot. I got in at the same price, but with a larger SL.

james16 Chart Thread

same here — I was looking at the same thing. It came close to the 61.8%. I also saw the 5155 area (magenta line) as PPZ on the daily/weekly.

james16 Chart Thread

for today — Hear is my plan for today. Currently riding sideways around the daily pp and s/r. Move up to confluence around 5300: - weekly pp - 200 ema - 50% fib retracement Then down to 5150 area: - 138.2% fib extension - around last weeks lows

Cable Update (GBPUSD)

thanks — Thanks for the help, Mike

james16 Chart Thread

question about 67.50 — Hi Mike, I've been around a while, but havn't posted on this thread yet. Thanks for all the great knowledge. Can you tell me how you came up with 67.50? I looking at 67 as PPZ. Thanks

james16 Chart Thread

great approach — Thanks wormboy, For me this is a great example of looking at what is, and not what might happen - and, assuming the trend will continue. I tend to get messed up looking for things to change instead of continuing.

The WoRmHoLe

pivot point lines — I look for places where the pivot line occurs at the same level as other indicators like S/R, fibs, TLs. The more events occuring at a given level, the more significant the level. Those levels tend to indicate where a price ...

Cable Update (GBPUSD)

good advice — You gentlemen - I use that word loosely - are setting an excellent example.

Cable Update (GBPUSD)

thanks — Thanks, I appreciate the feedback (always learning).

Cable Update (GBPUSD)