Starting to look a little healthier.

Cable Update (GBPUSD)

Yeah, M5 is telling me it's probablly going to hit my stop. As long as we don't set a higher high for the day, I'm still OK.

Cable Update (GBPUSD)

Trade is still within the SL, not closing it manually, that's where SL's are for. SL is 5285

Cable Update (GBPUSD)

I am still in my short, looking at the interaction with 25ma on M5 now as long as the ma keeps following the PA I will keep this one running, if the ma catches up to the PA I am out.

Cable Update (GBPUSD)

MA's are only part of a larger strategy, just a small tool in the toolbox. They have been around for donkeys years, if it ain't broke don't fix it.

Cable Update (GBPUSD)

Just don't forget the ma's move towards the price, not the other way around, as long as the 25ma on M5 keeps following the PA and doesn't overtake it you are in for 50-100 pips or so. The next ma to overtake the price needs to be the 150 on M5 or ...

Cable Update (GBPUSD)

Now put up the 85 on M30 and watch the train. Keep an eye on ma's too the next one is close below 25ma on M15, or the 150 on M5, same sh!t different color. I am getting the beers out and watching the scenery flow by. Lilo has plenty of air in it. As ...

Cable Update (GBPUSD)

I got in at 525, just above the lower limit of the range when PA confirmed continuation.

Cable Update (GBPUSD)

It is a cyclical indicator mainly used for stocks, I like the higher averages on it as an aid for lower TF direction especially when retraces are developing to give me a high probability of avoiding fake outs. I also use it as part of my surfing ...

Cable Update (GBPUSD)

Try a CCI 100 on M1 and you can see another test of the upper range in the making.

Cable Update (GBPUSD)

Correct, that's why I don't jump the gun and let the price come to me. I also use the 150ma on M1 as that is slightly faster then the 25ma on M5 for retrace confirmation, combine it with a wedge and a lTL on M5, then followed by a close below the ...

Cable Update (GBPUSD)

That's the targets I have.

Cable Update (GBPUSD)

Now we have a little consolidation wedgie forming on the M5, still no confirmation of a reversal, a break up would not mean an automatic continuation and could just be another test of the high. A breakout lower with another confirmation such as a ...

Cable Update (GBPUSD)

Also we have only tested 5281 once on the M5, there is every chance she will try once more. A scalper would scalp the runs here between 5281 and 5252 until she breaks.

Cable Update (GBPUSD)

Nah the retrace is still in the making, just some late profit taking and people jumping on board, the next 10-20 minutes will see a confirmation of the retrace. The river is only a trickle, a little stream needs to develop first before the ...

Cable Update (GBPUSD)

Using M5 and ma I want to see a full bar below it not just a close. For the smelly finger brigade, 5275 would have been a good entry with a decent chance of success as long as the SL is wide enough.

Cable Update (GBPUSD)

Well, look at it this way: it took 7 hours to get up here don't expect it to drop at a whim. A better way of looking at ma's is that the ma bounces of the price, not the other way around.

Cable Update (GBPUSD)

Back to trading. Retrace in the making.

Cable Update (GBPUSD)

до побачення

Cable Update (GBPUSD)

Posted 2 hours ago is now playing out nicely. I did not take this leg as I expect it to run out of steam shortly. I anticipate there will be a greater return on the retrace of this morning's run.

Cable Update (GBPUSD)