I am expecting a retrace here too so may join you shortly. Just want it confirmed first, alternatively we are going to 52126, I am giving it 10-20 mins or so just to watch the PA. I am flat now.

Cable Update (GBPUSD)

Still think the little blue pill has warn off about right here, has been going since 0745 BST after all. 7 hours and you do need a ciggy and a drink.

Cable Update (GBPUSD)

To the pip, next 52126, we are due a retrace though somewhere, expected it here so I closed my shorts, a tad premature? We did do 137 pips so far, not bad for a Friday.

Cable Update (GBPUSD)

What Arthur and BSaLot?

Cable Update (GBPUSD)

Thanks Wormy enjoy the long weekend, with London closed it will be quiet Monday.

Cable Update (GBPUSD)

I am going to ignore the long side here and will be looking to short again higher up, unless 53545 gives.

Cable Update (GBPUSD)

Lang leve de Koningin

Cable Update (GBPUSD)

Failed, closed my short. Sitting on the sideline for now.

Cable Update (GBPUSD)

The next bar on H1 closing below 53107 clears the way to 52668

Cable Update (GBPUSD)

I agree BB, there can be so much vitriol here that at times it becomes almost a burden to post some sensible tradeviews here.

Cable Update (GBPUSD)

Exactly my thinking. And that will confirm the change of direction on H4 for a further drop to 51 eventually.

Cable Update (GBPUSD)

That last test of 53545 failed miserably, now we need a solid break of 53107

Cable Update (GBPUSD)

It is Freaky Friday, anything can happen. That's why I said 53545 is the key here.

Cable Update (GBPUSD)

We are heading back to 539 with 53545 being the key.

Cable Update (GBPUSD)

Using only MA's to show direction today one needs to have a close look at the 24 and 150 on H4 and H1 and one can deduct the reason for the confluence here. H4 is itching to give us a reversal and has been trying since yesterday early AM. Right now ...

Cable Update (GBPUSD)

We are at the 61.8 retrace of the downmove from the 25th and have continued for 222 pips today with no retrace. H1 has reached both the 150 and the 365ma, however 5341 resistance on H1 was just broken and this move up is not showing any sign in ...

Cable Update (GBPUSD)

Another nice side effect of small lot sizes is you can sleep easy and walk away from your terminal without worries.

Cable Update (GBPUSD)

Correct as the lotsize decrease after each loss, however it is a good way of calculating the initial lot, so yes if the first trade was a loss, the second lot size would reduce accordingly however would again be calculated as a lotsize that can ...

Cable Update (GBPUSD)

Yes it was, but you have to revisit your lotsize. Pick your size so that you can sustain 40 consecutive losses without blowing your account if all 40 would hit your SL, that's a good start into proper MM

Cable Update (GBPUSD)

Got stopped out, am focusing on fibre now. Will come back to cable later.

Cable Update (GBPUSD)