Where? there is one on H1 now.

Cable Update (GBPUSD)

It will happen when it will happen, google "false breakouts" and do some reading while you wait for a breakout here.

Cable Update (GBPUSD)

Ik ben nederlander.

Cable Update (GBPUSD)

Correct just the close, not the high or low, wait for a close to confirm the candle

Cable Update (GBPUSD)

Blimey, you afrikaner don't recognise the flag?

Cable Update (GBPUSD)

And that is when people lose money, they feel that they have to have a trade on. Not having a trade on is trading because you preserve your capital. I don't use the word "trade" I solely use "setup"

Cable Update (GBPUSD)

See, no setup. Back to youtube.

Cable Update (GBPUSD)

Yup, no need in my book to enter a trade, a setup did not materialise. Stay out have some coffee, unless you are a scalper. In my trading I never look for trades, I look for setups. I scalped yesterday because I was so bored waiting for a breakout ...

Cable Update (GBPUSD)

Yes a reversal/continuation is not confirmed unless a candle closes above or below. This is true for any candle pattern, never judge the pattern without the candle being closed. I will use different TF's to confirm breakout depending on the momentum. ...

Cable Update (GBPUSD)

I don't mind explaining my thinking at all, especially as it is consolidating and there are no setups. I put a lot of importance in areas of consolidation/continuation as a breakout can be very profitable. It may be a bit boring for some of the ...

Cable Update (GBPUSD)

Here is the test of 5162 to the pip

Cable Update (GBPUSD)

I am not going to recommend a level for your stops, that all depends on your MM and RR ratio. Using S/R is a good start.

Cable Update (GBPUSD)

See as the Bearish breakaway did not quite complete we now have another test of 5162, this next M15 may actually form a bullish breakaway. If the M15 closes above 5162 and returns we have the next leg of a bullish reversal consolidation. Break of ...

Cable Update (GBPUSD)

In principal yes you are correct, I use a close of the M15 above/below S/R as my confirmation together with TL's and MA's. If it does reverse my first target would be 1.5201

Cable Update (GBPUSD)

It is called a bearish breakaway, however it did not quite complete. And we have the start of a continuation pattern, plus the 25ma is pushing her over and it is keeping below the TL, all reasons for me to suspect a continuation, once 5126 goes it ...

Cable Update (GBPUSD)

Nice bearish formation forming on the M15, let's see if it completes with this candle's close.

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Yeah, you take the low

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In my humble opinion 5126 needs to break for a continuation, 5160 needs to go for an intermediate reversal.

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3rd rejection of 5160, Closed my long scalp. standing by, M15 is now looking like a continuation.

Cable Update (GBPUSD)

Same here, I trade the charts. I do keep a long term account where I hold my trades for a lot longer based on tech+fundamentals, intra day I trade tech.

Cable Update (GBPUSD)