I agree. My TP is at 1.3272.

Cable Update (GBPUSD)

Sorry, I confused you with someone else.

Cable Update (GBPUSD)

I agree with your analysis. I am in Santander, what part of Galicia are you at?

Cable Update (GBPUSD)

Terrible news for USD and still no breakout. What does that tell you? There are many longs with sweaty palms right now who were expecting a breakout on the news. That does not mean that a breakout cannot happen. It just means it is unlikely and the ...

Cable Update (GBPUSD)

Here it is. Setting: Trend CCI Period = 45

Cable Update (GBPUSD)

There is another very reliable factor that I use in H4. It is the 10/20 EMA crossover right after the divergence. In the chart I attached before, the 10 EMA is white and the 20 EMA is orange. At this point, the crossover has not yet happened, but it ...

Cable Update (GBPUSD)

For me, the idiotic rise was done in order to set in stone the missing H4 divergence.

Cable Update (GBPUSD)

From my experience, GU divergences in lower time frames are not consistently accurate. For some reason that I cannot explain, they are very accurate in the H4 time frame at swing change. And I mean extremely accurate... This is the only reason I ...

Cable Update (GBPUSD)

Last night and today we are adding the one missing ingredient that almost always occurs with GBPUSD at price swing changes: The H4 divergence as shown by my trusted True Trend indicator. Now we have it. I marked in white the previous instances of H4 ...

Cable Update (GBPUSD)

You are right in everything you say, but I believe the trade is solid based on many other factors aside from the engulfing candle. That was just the icing on the cake for me. If I am wrong, I take my loss and move on. No big deal...

Cable Update (GBPUSD)

No, I do not have empirical documented evidence. I don´t have it either for when I open the shower fawcet every morning, I expect water to come out.

Cable Update (GBPUSD)

I am with Mitiblotch on the Daily bearish engulfing. It is called experience of 35 years of trading. Can it fail?, sure, anything can happen... but the odds are greatly on the side of GU dropping hard in the next few days.

Cable Update (GBPUSD)

Thanks. There seems to be potential with it for scalping the 5 minute chart. I will test it and report back my findings.

Cable Update (GBPUSD)

Thanks again. I´ll try it out. Any settings or suggestions you can share from your work with it will be appreciated.

Cable Update (GBPUSD)

Hi Headland. I always look forward to your comments. How do you draw those parabolic blue curves on your chart? Is that possible in MT4? Thanks.

Cable Update (GBPUSD)

No Hanging Man for me.

Cable Update (GBPUSD)

I agree with everything you wrote. Very well said...

Cable Update (GBPUSD)

I agree with ATA, but this one works great for me. I use it on H4 charts, but it is valid on any time frame. Set CCI period to 40 for best results. It is especially good with H4 divergences. Notice how it announced the swing turns in EURUSD. Good ...

EURUSD only

Europe is in serious trouble short term and medium term also. The immigration avalanche is making things worse still. Energy is expensive due to the Russian sanctions and the Chinese electric car dumping is hurting German automakers which are the ...

New Cable Thread & Other Pairs

The US is still dealing with inflation, as well as UK and Australia. I live in Spain and I am already seeing real estate prices stagnating and begininng to fall. I think EU has a chance to weaken substantially in the next couple of months. We´ll see. ...

New Cable Thread & Other Pairs