Well done with month one, it'll be interesting to see what happens going forward with GU, there was no follow through to take it up so far after the poor US economic news. Having said that its not going much lower either. Roll on next week!!!

My Path To Financial Freedom

Unless we hope he stays in his job forever and we sell next time.

:: Cable (GBPUSD) Trend Trading ::

Yes and on the 4 hr chart we've just had the 50 ema go down through the 100 ema. Not that I trade these crosses but maybe we have some more downside to come or at the very least we need to consider buying as well as selling in the short term?

My Path To Financial Freedom

Its the first sign of getting old and it usually kicks in at about 25. You may have the right idea for today!!

:: Cable (GBPUSD) Trend Trading ::

More downside? — A quick look at the weekly chart's MACD shows divergence which is not good news. The daily 50 ema has done a good job providing support and we are at that level now. A couple of fib levels also support around .9780. If this ...

:: Cable (GBPUSD) Trend Trading ::

A wierd end to yesterday — Just to twist that knife a little more a signal provider I use gave a sell yesterday at 1.9833 just before the 3rd leg down. I didn't even look at the computer. I should have, a drop 20 odd pips below the even number ...

:: Cable (GBPUSD) Trend Trading ::

It had to happen some time I suppose. That third leg down caught a lot of people, except of course a signal provider I use that gave a sell at 1.9983. I was shell shocked after the day I didn't even go back to the computer. In hindsight it was the ...

Harmonic Wave Journal

Yes FX Solutions allow hedging.

Help me to make a list of brokers that allow hedging in the same account!

Its an absolute pleasure, .9850 and .9820 were fairly easy to see from eyeballing the daily and 4 hr charts. I am impressed that you got that trade in just before the news. A small question, is there a specific reason when you move your stops up ...

Harmonic Wave Journal

A nasty day to be sure but 1.9820 was a res level from 2nd and 3rd April, the daily chart 50 ema is at this price and as mentioned there are a good couple of fib's that supp in and around this number. I would like to see a retest of this level and ...

:: Cable (GBPUSD) Trend Trading ::

In hindsight based on these supp/res levels the right trade was a sell today around .9960 and trendline breaks etc would have gotten you in. Is it a coincidence that the support on your charts at .9850/60 tied in with previous supp/res levels going ...

My Path To Financial Freedom

What a brilliant trade. Do you usually trade this way, making calls before the news or if your system says trade you do so regardless of the time or what news is coming. Very impressed, yes 1.9850 has been a good supp level but still, very impressed.

Harmonic Wave Journal

Not sure but there wasn't much strength behind it judging from the various stoch and MACD divergences on 1, 2 and 4 hr charts. So if, and its a big if, the markets have a good feel in advance whats coming these divergences would indicate that GBP is ...

:: Cable (GBPUSD) Trend Trading ::

Looks like .9860 holding for now, currently .9871, I'll be looking for a little more confirmation of a turn before buying. Next supp area looks to be .9820, should it slip again.

:: Cable (GBPUSD) Trend Trading ::

SL 1.9795?

:: Cable (GBPUSD) Trend Trading ::

Thanks very much, enjoy your sleep!!

My Path To Financial Freedom

One thing that you can do is simple, take a daily chart and just look for obviously supp/res areas.

:: Cable (GBPUSD) Trend Trading ::

This is the general res area from 13 Apr that has since provided good supp. You never know another big area would be 1.9850 if it should get so low?

:: Cable (GBPUSD) Trend Trading ::

On 2nd thoughts if you could post the levels it would be very interesting to follow them as supp/res levels for the various news events through the day. Basically I think GBP is going up and its a case of buying any dips from the news events that ...

My Path To Financial Freedom

It'll be interesting to see what the news does today. Did you notice yesterday after the news spike that price couldn't stay above the upper level at 1.9980. All the best.

My Path To Financial Freedom