Cable Update (GBPUSD)

im short at 8657, stop loss 8686... target 8624

I am short. Target 1.8620

Short Order at 1.86498 S/L 1.86660 T/P 1.8575

Closed a short at 1.86599 when it was not moving through 1.8660 area

Thanx, im short @ 8661. target 8625.

1.8645 support line. If cable can't break 8645 then cable will go long..

why is she so lazy today???

I am out of my short

Here we go, Up cable Up!!

I dont think it will. maybe just a little, it should come down again.

I am shorting . with eur trade balance negative there should not any hope to go UP except again if only us news come very negative .
enough Up for today perhaps without fundaments .

fontu

long order with TP 1.8800

Maybe..

I think cable has a shot of reaching 1.8750 today.. that would be around 125 pips from the low. Seeing how it initially seems to be a fairly slow day for cable that might be where she runs out of steam.

I'm not trading the cable today, so don't take it as a trade call please. Just an observation and a prediction, nothing more.

G10

At 1.8760/80 it is recommended to evaluate the activity development according to the charts of shorter time interval.
For short-term sells on condition of formation of topping signals the targets will be 1.8700/20, 1.8620/40, 1.8580/1.8600 and/or further breakout variant up to 1.8520/40, 1.8440/60, 1.8380/1.8400.
An alternative for buyers will be above 1.8920 with the targets 1.8960/80, 1.9020/40.

Not another loss. It was the only loosing trade I've had since market opened today. Still in the positive very much.

Sorry, I missed this comment.

I agree with your comment that people will be more willing to listen if I called it fxbroker's method and without calling it God's own. But this is not true, it was not my method or pattern of work we are talking about, but God's pattern of working and activities. (I know I risk being criticised whether God engages in activities.........it is yes because the Bible said so) it).

If we have to discuss the method, it is similar to patterns of things of nature Fibnancci derived his golden rules from. Remember Elliot also talked about the secret of nature in his world acclaimed discovery. You cannot discuss Elliot wave theory without mentioning Elliot himself. So it is difficult to tell you why I closed trade without talking of some principles Jesus Christ also talked about.

On sharing, please do not view this as being selfish, I have actually mentioned enough since Friday, full discussion will mean self promotion and breaking rules of FF. More so it is impossible to share full discussion on a method that relies on facts from Genesis to Revelation.

I will continue to offer my views if I find it necessary.

GBP/USD has turned bullish, this does not mean it is automatic bullish up.
Look at year 2007, GBP/USD spent almost that year in the overbought area.
It is now opposit of that, I am suspecting same that it will remain in over sold area for a long time and a sudden zoom up.

This creates good opportunity to always buy and sell on a daily basis.


Also looked at what Houdini said here

http://www.forexfactory.com/showthread.php?t=99088

I am not an economist or know anything about fundamentals, but I think that make sense with current technical outlook of GBP/USD at the moment.

Simple and so powerfull chart. Possible new weekly downtrend channel formed.

dollar still strong..

stop loss hit at -30

mine was also taken at -30...