Cable Update (GBPUSD)

boommm.....we going up!!

You got any good ideas?:

im waiting 2 see what it does when it gets to the 4h trendline!

Mr. Sterling pushing off the barrier. Hmm

According to my chart system, I see 504 as a strong resistance, if we break it which we then I see atleast a move up to 525 then an uptrend is comfirmed up to 615.....possibly!!.........thats is my idea....I might be wrong!!

thanks bro..
long bro.. long..

You are right man long long long of we go.

lol I have been saying that all along!!! lol 548....very important!

642 very important area.

why is that?

Dow -60 and falling.

If dow negativa confirmed, I don't expect too much on cable's upside for the day.

GMT November 19 Tripped sell stops helped depress cable to an intra-day
low of 2.0451 in early European trade, as the continent absorbed Rightmove"s
00:01GMT disclosure that UK house prices have fallen by 0.7% over the past
month. Annualized UK house price inflation has declined to 7.9%, from 10.4%
previously, according to Rightmove. The soft data is further good news for doves
calling for a 25bp UK base rate cut to 5.5% as early as next month (Dec 6).
2.0566 was today"s Asian session high. Obstacles above include 2.0580 (last
Thursday"s Asian session base), 2.0600 and 2.0620 (Thursday"s peak). 2.0551
(Friday"s rebound top from 2.0352) is a pre-2.0566 resistance level.
China"s three leading banks have approached Singapore state investment
agency Temasek is discuss the possible acquisition of its 17% stake in Standard
Chartered, according to the FT.
November"s NAHB US housing market index will be disclosed at 18:00GMT.
Forecast: 17, from 18 in October. Minutes from the November 7/8 BoE MPC meeting
will be published on Wednesday.

Closed my longs from 480 and 500 at 535. I will wait to see if it can break 560 before i long again. Still not been abel to break 4h and 2h down channel...... maybe another dip?

we might see cable going to shoot up next few hour
maybe.. & patient..

im going to try and save the life of my Orchid! lol

Anyone here in the long term trading sessions
Frankly I think the market is still bearish and I trade the daily candles not the hourly or the 15 minutes candles.
To be honest after trading for 8 months i've come to realize that the long term trading is more profitable and more relaxing.
In addition to that you can get confirmation on the short term trading along side the other indicators and the candle chart.

Right on the money. BOOOYEAH!!!!

that would be good since im long! I think a small flag is forming hopefully waiting to see a move up of about 100pips......patience!

My head is getting BIGGER
:

I am.

Chasing the market makes you look like a dog chasing his own tail.