Jai, pls post here your good strategies, people will learn and stop loosing.

Cable Update (GBPUSD)

Good for you

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Seems you have viable strategy. Nice.

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Trend line will be retested.

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The ADR is as follows : ERUAUD : 240 AGAINST 90. GBPAUD : 145 against 115 EURNZD : 237 against 82.

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Did you see my GA trade closure ( long ) yesterday with nice profit ? I posted few pages b4.

Cable Update (GBPUSD)

I am dead serious, I am buying today also.

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You must use ADR & CCI.

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There are buying opportunities in all, EURAUD,EURNZD,GBPAUD in the next dip if at all.

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I am closing my long in GA trade. Enough as this pair is bearish.

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My GA long trade :

Cable Update (GBPUSD)

The daily pivots + support + resistance works very well in addition to whatever I have in my chart. As I said, that is it for today, I mean GA move today. Tomorrow another story, will try to test daily pivot tomorrow ( Around 7640 ) I do not know ...

Cable Update (GBPUSD)

My stop is below 1.7570 but I would book the profits before to morrow. Yeah possible, by tomorrow it could reach 7550, but may not be today.

Cable Update (GBPUSD)

My 1 hr char. Price at daily support and RN.

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This char may be for tomorrow. Let us see.

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Normally I do not take trades on the opposite side. But the over sold/Over bought conditions gives me lots of confidence. And risk is less.

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Another tip. GA when I took long trade, was in RN ( Round number ) 1.7600 level.

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Was it safe to go short in EN today or no ?

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You said taking a trade like this extremely risky, I feel other way. If you notice all the PA it will be like this. One day extremely over sold, next day retracement 23 to 38 %. Then it will to test previous day low and even it breaks it, But still ...

Cable Update (GBPUSD)

Yeah, some use this, but I do not use this BE function and try to book profit only, and until now the ADR concept works very well for me.

Cable Update (GBPUSD)