FX:GBPUSD   British Pound / U.S. Dollar
Transitions show different picture than consensus is currently having.
Good Luck.
Trade active:
When Cable close the gap at the same time it hit MDP level in sentiments, vital to cross it. There for close the half of long trade at gap closing and move SL for the other half in green. If we cross MDP then we go to BL4 sub transition higher.
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Good Luck :)
Comment:
Please help me find my assistant and accountant if you have free time. Long time not seeing them and I am worried about that. Thank you! :)
Trade closed manually:
After sentiment recalculation I don't like some floating sentiments on Cable that now move lower. Therefore not being greedy and closing the trade at this point with more than enough profit so it is done for me now.
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Good Luck and hopefully you took some $ on this small but profitable buy!
Comment:
Well at some point I don't know why I close the trade looking at chart now makes me jealous. But okay that's greed.
Comment:
Will see now if Cable hit BL4 and higher sub transitions. At least will give me a hint that cable transitions work the right way and I can start using them more often trading it on intraday basis.
Good Luck if you are still in this long take half and move SL in green.
Comment:
Although I messed up this trade for myself because of some mistakes in calculations, I received a lot of thanks for this because at time when I make this calculation everyone where on heavy short side because of some news bubble. I take this target completion as a formula completion and will be able to work with cable on transitions on intraday basis!
Thank you.
Trade closed: target reached:
Tagged second target pip in a pip.
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