Todays PA...

Cable Update (GBPUSD)

For you sir, I offer the ignore feature of the forum. I know I am soon to exercise it myself.

Cable Update (GBPUSD)

Well guys, as I said before, the charts I post are my opinion, they are not my charts nor my indicators, just my best loose interpretation of the way things work. Best o luck to ya

Cable Update (GBPUSD)

Kinda weird how that one worked out hey?

Cable Update (GBPUSD)

I have been a penny professor and charting over the last 7 years. I have been teaching and tutoring for 5 of those years. My birth into the forex markets dates back to just over a year ago, which I suffered GRAND loss, playing the same ideology. I ...

Cable Update (GBPUSD)

If you mean how long have I been trading currency, in short and as a rudimentary description, I am still s4itting yellow. I am a hobbiest, just love the movement. If you mean in my real business, 13 years to the DAY! In literal terms, I am the Cable ...

Cable Update (GBPUSD)

Given market movement and the general of how things work... On a standard, all sessions get a fair kick at the cat, it is what keeps the market fair. A first dip down was to me an indicator of a short chart, which is why I have been tending to the ...

Cable Update (GBPUSD)

Cooking one up for you right now...

Cable Update (GBPUSD)

Sadly, without bag in hand. As I was away from market today, and never had confirmation on a 4 hr chart, I was not able to take advantage of the play. I am not basing my forecast on other currencies or on the metals, just on the charts..... Will ...

Cable Update (GBPUSD)

Hope all your shorts here got some stop losses in place. I am not calling this a long chart, but be cautious of market correction on the short cycle. IMO, if you missed shorting from a higher high, you will still get a nice play area. ...

Cable Update (GBPUSD)

Hope your trading going good... All smiles people!

Cable Update (GBPUSD)

For those of you watching...See how the 200 EMA acted as resistance here? A cross breach and hold, will assume the long trend. As I have no confirmation on a 4hr chart...I cannot assume the short trend yet. Play safe, outa here for the day

Cable Update (GBPUSD)

I have attached my template and indicators that I use, same things you will see on the charts that I post. If you are bored today, maybe thinking because of the low volume for the holiday might be a good day for watching but not playing, load em up ...

Cable Update (GBPUSD)

Example of this on current chart. Top line on 1m, as resistance 200 Ema, possible target for entry, current shows down movement, but MACD and OSMA show that we may still move up to this line. As I am away for the entire day today, not playing, but ...

Cable Update (GBPUSD)

If on an H4 chart price crosses and closes for 3 consecutive candles, I call that a downtrend, and will use the 1m and 5m crossing below the 24ma for play ranges. Works on the inverse. Watching a minute chart, I see where price is in relation to the ...

Cable Update (GBPUSD)

Another spike down on the chart...Wow, somebody looking to take out the little guys.... Support and resistance lines on chart, 4 time frames. Bottom target possible and great support range on 4hr chart, but for confirmation on my side of things, we ...

Cable Update (GBPUSD)

Though I am not positive, I believe tape reading to be done over longer time frames. If you check DT's posts, you can see the wide sweeping plays that he has. As a scalpers tool, pick direction and find the indies that work best for ya.

Cable Update (GBPUSD)

Think I'm done for the evening...best of luck to y'all. I kinda figured tight stops were the way on this one...no confirmation, bad trade on me...

Cable Update (GBPUSD)

Seem to be trapped right on 200ma on the hourly...confirmation I was hoping to cross and hold...but...I look @ macd subzero and OSMA about to head same way, took a bite premature.... Typically a deal breaker for me, so, if I am short along side you, ...

Cable Update (GBPUSD)

Took a small scalp for a few, nothing to brag about, with the current stall @ support on m15 and m1, I gunna sit out until I see further confirmation...

Cable Update (GBPUSD)