Cable Update (GBPUSD)

whats ur reason popkey??

put stop at 100 locking in +40 pips, will let it run to 200

did you manage to eat your own sock

out at 174 for +114pips

think it has enough steam to go to 21200?

i think u could get a better price( buy at a dip)

ur right guess the best approach right now

what are you basing on?

hey bro could u tell us y.

it would be great to learn from u why you think that will happen?

When im wrong I will ,lol,
all my buys are there for you to see,I will scale out a bit soon,but will keep the lower one,thats my 500+pip one

If you can not see I have 5 buys and will keep 2 into the news

my daily

come out fraud....im to ashame

Hmmm just got online and not liking it missed the move

Can it move to new highs over the next week, to completely annoy me on my prediction with no trades

can someone explain to me why is cable rising this week? I thought the UK has been consistently showing bad numbers and was moving downwards?

because of even worse US news? and causing price to cross significant levels (i.e. resistance & fibs), thus resulting in upward shifts towards each level?

dude i used to say that too but US is in the shittiest place in the world now.(economy wise that is)

now if the housing has bottomed out( we will c next month if the numbers are positive then it has bottomed out)
if it is we will c strong dollar comeback especially against cable.

anyway i think so
any comments are appreciated.

I have thought about it
currently cable high at .236* 20194/92 and gchf high at 1* 20089
it could still be possible 203xx

157 pip run up so far in cable today.

The 5min screenshot shows the safest intraday highest probability re-entry to trend opportunity. You will see that the breeched higher high HH at point A was tested after a retrace down from the higher high HH at point C. This resulted in a Higher Low HL at point D.

The area between the breeched HH at A and higher low at point B became the potential RBS [ Resistance Becomes Support ] Zone on this time frame. This potential RBS zone was also coexistant on the next time frame, the 15min, making it a potentially stronger RBS zone. Add to this the 2 x fib retraces, at that Higher low area (point D) of 23.6% of yesterdays low to todays high 9925-0194 and 38.25 of today's low to today's high 0034-0194 (not shown in screenshot) and then the hidden (reverse) divergence in the oscillators on the time frames mentioned and you have a high probability trading opportunity. From an 0140ask entry the set-uop has seen some 40 pips+ at time of writing but a new higher high HH above the current intraday high of 0194 has yet to result.

the fibs referred to in above post are shown in screencap

Happy Birthday Abuawad

May Lord bless you with all the things you dream of !

FXP