I had my entry at 65 on the R1 but knew that a lot of the unfilled orders would sit around the 70 mark like last time that didnt get triggered, so i used my bonce for once and put my stop at 77 which works lovely with my -12 rule!!

Cable Update (GBPUSD)

Well I never! — image

Cable Update (GBPUSD)

What levels were those that failed you?

Cable Update (GBPUSD)

.......or to have enough Pips banked by the stop loss so the news dont matter!!

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Good plan, im waiting for those levels again, monitoring it on the 1 min, ive found that a level gets tested up to 3 times before making a move!

Cable Update (GBPUSD)

Was that good enough?

Cable Update (GBPUSD)

Hey Greg, I respect what you see but your right that was a good place to buy, but a reversal? Reason why i think its a bounce is because if you look back at the last few days or couple of weeks you can see that on the 4hour chart head and shoulders ...

Cable Update (GBPUSD)

My friend has picasso been let loose on your chart!! i will stick with the shorts!!

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Level 49 is slowly having the demand absorbed, i think we may see a small bounce off this level but not much of one. Then its 118 for the long back to 49!!

Cable Update (GBPUSD)

It was always going to gap up, look at the price action! I think we will now see a rise to 6270 then a free fall down for a few days!

Cable Update (GBPUSD)