and the chart... — forgot to attach

Cable Update (GBPUSD)

volcano's impact — imho From a currency perspective, initially I would expect fibre, cable, and the swissy to take a hit. Those econimies are going to be hit the hardest first, which would imply selling of assets denomonated in those ...

Cable Update (GBPUSD)

going to be good and stop trading — Sat back today, but caught the last run down for 33p. I'm done for the week. My number one priority right now is discipline. And, the formula is: Discipline = wait for high probability set ups = stay out of ...

Cable Update (GBPUSD)

one point on the indicator — It is an interesting indicator. However, it should be understood what's under the covers. It is not actually reporting the number of buyers and sellers. It is really an oscillator based on highs, lows and a 13ema, ...

Cable Update (GBPUSD)

Great stuff! — Thanks, Magix. Some very insightful info on transitioning between the shorter time frames with ma (S/R) . I think it will be very helpful going forward. Would it be safe to say that you let PA tell you which line(s) hold or ...

Cable Update (GBPUSD)

TL ? — I believe they are referring to the yellow TL in this chart.

Cable Update (GBPUSD)

bullish wedge — I'm seeing a bullish wedge on the M15 & H1. Not a great time of day for PA though.

Cable Update (GBPUSD)

a fan — Gimp.

Cable Update (GBPUSD)

yep — I agree. It's the prayer/myth of a lot of beginners. Please let me get a big winner before some losers, and not the other way around. Then I'll use proper money management.

Cable Update (GBPUSD)

thinking out loud — 1st S attempt at 5429 stopped, but 2nd at 5412 did well. TP'ed at the trend line. Flat now. The interesting thing to me was how little hesitation there was at the Daily PP. Lower high on the H1 today is bearish. Looking for ...

Cable Update (GBPUSD)

61.8 fib — The 61.8 fib is causing a bit of indecision.

Cable Update (GBPUSD)

I think he's hitting a wedge here — Playing the wedge shot - S @ 15370, SL @15392, TP @ 15317 (just above the 50% fib). Need a higher high (above 15388) to turn this thing around.

Cable Update (GBPUSD)

my view — Short term, H1, the bear trap (wedge) @ 15350 could take it down to 15310 - 15300 range. Longer term, daily, the lower TL is coming up to meet 15300. If it bounces, then target 15550, but if it breaks there's a lot of space to the ...

Cable Update (GBPUSD)

TP hit — TP hit at 15358. Leaving 1/5th on @ 15322. See if we'll go down to the channel high of last week - 15318. SP move to lock in 30 profit on what's left.

Cable Update (GBPUSD)

thx — Thanks, charter member of the blind squirrel club

Cable Update (GBPUSD)

retrace — Sorry, 38.2. The fib pull back from the run up.

Cable Update (GBPUSD)

SL move to break even — SL move to break even. TP still 1.5350, DPP & 38.2 fib of move from 8th.

Cable Update (GBPUSD)

watch daily PP — Stalled at the gap close, but the daily PP puts it around the average daily range.

Cable Update (GBPUSD)

I'm seeing it this way — I'm not so sure. The bar has not closed, but my chart shows the lower TL being broken.

Cable Update (GBPUSD)