Cable Update (GBPUSD)

Quoting cesarg

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wow, i recently wake up, what can i say, that was fast!
i told you before, about the cross of the montlhy HH-LL channel formed around 1.7380-1.7170, once is firmly crossed, give fast 1500 or more pips (it did everytime with the same speed)... this time was 1800 pips with almost no retracement!!!

sadly, i burn my little account in the spike with my short EU GU positions for just 2 pips!!... i must to say thank you FXCM Micro for your fuc**** variable spread....

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Quoting PipGal

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Me to bro. I missed it all, went to bed, but it's TIME for a reatrace I think. She has already crossed the 10 SMA and now I think she may make a move toward 15min 35 SMA at around 1.5750

correct me if i am wrong, no positions now, just watching!

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Quoting Tiger Hunter

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hi guys

many of the fresh traders send me posts that they suffered a lot of losses while they was try to catch a retrace may happen or not.

but i posted from time ago to warn you guys about the tricks used in threads to let the newbies (majority) take another direction against (minority), this move we call it (news)


and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .

and make it obvious to you about the trend guys.

from the day i start to post in euro+cable a 2000 pip drop
and still the trend is down.

and i still predict more bearish activity coming .


and here my red arrows describe my future levels for today and the coming weeks.

trade well.

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Quoting micho

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currently on a short at 1.5640 tp 1.5514

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Quoting PipGal

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why those numbers?

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Quoting micho

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sold at 38% and tp at 23%

sl at be

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Quoting alcando

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Micho, eohater, I popped in last night (UK time) and you guys were rolling in the pips while everyone else was resting. Nice to have some good shorts in london time for a change..
So now were to short from? Other than scalping down at 50 pips a minute...

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Quoting PipGal

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thanks micho!

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Quoting manize

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Today top retracement fibo 38.2 - 1.5675 ?

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Quoting swap

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Another calm before storm .. i hate this

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