Cable Update (GBPUSD)

Quoting salah k.

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bro im not seeing ur point on the monthly but God knows i'll try to see ur point of view to find out wats wrong with mine

as for the bearish move i dont suspect we can get under 193 unless we see incredible strength from dollar which is not likely (but could happen)

anyway guys i'd really like to get my 1k status
can anyone vouch for me.

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Quoting nAVIN2007

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im just thinking big....this is the kinda trading style i want to adopt bro ...buyers and sellers decide what they feel is a fair price for the £ and it sure as hell aint 1.93-94 at least 1.98 ...its not asking a lot

we only moving down so much cause of the weight of EUR....now it going up cable will go up as well (me thinks)
price moves in channels ...i think we have the end of channel ...lets see what happens ..

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Quoting akirax

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is that a morning star forming on the 4H?

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Quoting nAVIN2007

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1.97 can be reached easily...it will get there im sure

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Quoting priceaction

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Ladies and Gentlemen,

Circa 100 pips or so as I write (if you got in at a good time today) London traders are now getting ready to go to the pub to have some fun (remember that London trades over 34% of the world's currency - learn more). Cable has not yielded the easiest of profits this week. It's almost been 'hard graft', whereas last week served up well over 200 pips/day in nice easy waves. But we can only take what we're offered. GBPJPY was a lot smoother, but of course, it's a bit of a beast to ride.

I hope that everyone has gained knowledge, profits or both this week from some good folk here on the Cable thread and on the many other educational threads here at FF. I certainly have! My immediate tip is Hussin on candles here ...he's quite a talent in the Japanese art and I'm leaning a lot from him.

I wish you all a superb weekend and, if you do have time, as with anything in life, if you're planning on being above average, it's always worth learning about the world's best at anything you're interested in, whether it's business, sport or art, etc, so why not take a read of the material on Jesse Livermore here.

Whatever you do ...Enjoy!!!

Rob

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Quoting nAVIN2007

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its a bit early but if it closes at least half way past the bearish first candle then yes ....will be a positive signal for long ..

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Quoting akirax

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we have lift off

looking good for a morning star formation.....

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Quoting nAVIN2007

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yes buddy ..now thats a morining star just needs to close above half of the red bearish candle and we are sweet!!!!!

tony is that a bounce or what hey .....

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Quoting akirax

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closed out a few longs at 9530 for small pippage...

looking for dip back a 9510 to re-enter...(all scalping positions)

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Quoting salah k.

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thnx bones and nav

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Quoting nAVIN2007

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yes buddy ..now thats a morining star just needs to close above half of the red bearish candle and we are sweet!!!!!

tony is that a bounce or what hey .....

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Quoting nAVIN2007

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nice chart bro....i feel exactly the same way ....u just dunno what can happen it the same old story, i get to the top and think breakout instead of shorting and when going down i think i must buy ...

the question i find really puzzling is why we droping so much, i mean things are bad but its like we in the recession and US is us, maybe because of EUR correlation to cable i think we droping cause all focus is on droping the EUR as it to high.....we gotta go up i think ...only problem is it seems 1 month away to get the motion started which aint going to help me now ..

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