actually its trading within range... look at H1 chart now...do a 50 EMA its 1.9541 and the low is the 38.2 fibbo 1.9508....hmmm any questions?

Cable Update (GBPUSD)

here is something fun to look at

Cable Update (GBPUSD)

i'm waiting for a sign right now....london market hasnt opened yet....but as you can see it did fluctuates between the points i told you today...so let's wait it out for a bit....im looking at it closely

Cable Update (GBPUSD)

do a weekly chart and do a 50 ema, 100 ema, and 200 ema...its at the support of the 100 ema....which is roughly 1.9489...now go back to the H4 chart and draw fibbo...its at the 38.2 fibbo which is 1.9508...two create spear heads of medium... last ...

Cable Update (GBPUSD)

it looks like the bulls got tired...i think the H4 candles still play so for the rest of the day it might continue downtrending...

Cable Update (GBPUSD)

unload at 9477 from 9534...what a ride...the bulls took over... from the yen + cable took home 139 total pips.... im taking the day after tmr...may the green pips be with you! bye all

Cable Update (GBPUSD)

edited..

Cable Update (GBPUSD)

i think 23 more mins until next H4 candle...GPPUSD fate will be determine on that.... to quote "Bond prices rose sharply as investors sought the safety of government-backed debt." the more wall street buy bonds the more GBPUSD will fall...

Cable Update (GBPUSD)

knew it was going to pull back to 38.2 fibbo...hahaha...its only short term though...but we will see! the buyers woke up and the shorter time frame charts showed that they were buying...but seller pressure came in...i hope the bears keep ...

Cable Update (GBPUSD)

ok short term pullback here we go....

Cable Update (GBPUSD)

haha...as you can see from my screen name DDS_student = Doctor of Dental Surgery Student...im studying to be a dentist...but i like business my trading system is not the holy grail...no system is....i just follow my trading system and obey its ...

Cable Update (GBPUSD)

i can't predict the future my from my trading system the base is is still far away...my trading system looks at the different levels of drop....the next support is 1.9441 (fibbo 23.6) and the pivot support 1 is 1.9425....thats going to be a little ...

Cable Update (GBPUSD)

actually the best time to trade technical analysis is when there is no news and its all quiet....like right now.... plus no other market gives you such a high leverage....

Cable Update (GBPUSD)

yea but i started very low amount of money on my account...lol...so these pips are nothing...its more of: 1) testing my trading system 2) testing my patience 3) testing my discipline 4) to get a feel for the overall market

Cable Update (GBPUSD)

tired of the yen unloaded the last half at 105.12 for 82 pip profit on yen...just watching cable now (the yen setup was a perfect example of my trading system when to enter....it still says its going to downtrend but i say...82 pip profit for that ...

Cable Update (GBPUSD)

a one i made up....it took me a long hard month to think of it...so far after 1 month of live trading i make around 150-300 pips a week....on average i used to play a lot of poker and i still do....so i made a trading system based on pokers....no ...

Cable Update (GBPUSD)

actually the H1 says that its still downtrending but fighting the 38.2 fibbo...roughly 80% downtrend, 20% uptrend...but we will see..

Cable Update (GBPUSD)

my trading system still holds... edit: when i mean break is when a new candle stick is a downtrend candlestick that starts below it

Cable Update (GBPUSD)

actually, the next H4 candle will tell us...

Cable Update (GBPUSD)

damn thats almost like pure gambling...and you have to have a major stop loss....

Cable Update (GBPUSD)