Cable Update (GBPUSD)

how much further do you guys see it going?

Round 2 tanking is on IMO

yesterday was simply scary....luckily I did trade what I saw...

Sonic

isn't this supposed to be round 3?

I think this forum is titled Cable Update. Then can you explain what Eur/Yen chart is doing here

buy now stp @ 80

here we go boys

bounce please

target for the long term shorts 1.4700

darn i got hit easily

hardworker...

Hello,Mr Micho & CO
Early this morning,i stopped the plane,and headed South. Hope to enjoy the trip.
...Opps I think I have started enjoying your companion already.
I've being to +121 pips avenue without being jet lagged.
C'mon guys lets join Micho and help gravity put more space into this Cable thing.:nerd:

We are below all gann all 3 TF.Some retrace expected to 5 ema on 15m.I closed for now.We need this 4 hr candle closed below gann line so we could go more down.If closed below some retrace and then will see.

I think they still talk about auto industry in US so possible that they don't give money to them but that is so inpossible i think.In case don't give it to them then up again.

See ya

GOOD MORNING EVERY BODY....HI MICHO, WHATS HAPPENED WITH YOU YESTERDAY??IS THERE ANY LONGS IN YOUR ACCOUNT?? I HOPE NO

hi micho how every thing hope your trades are paying off,well i believe in you.

I didn't trade all week so far, but this looks fairly straightforward to me. I think today should be a pretty sweet drop. Here's some food for thought:
1) Daily pin bar at support now resistance. - That in itself is a pretty good signal, especially at the .382 fib level of last daily down swing.

2) S&P - weekly ES that had wicks on the bottom so I expected slight buying pressure before it tanks, which pretty much happened yesterday. Should be going down to 754 pretty quickly - downward pressure on cable.

3) Dollar Index - 4 hr pennant that's broken to the upside, respecting the pitchfork channel, and price trading above the retracement long level at 86.01

4) 1 hr - Shows my ultimate target for the day (4685 ish) which I think will be met, will see.

Probabailities of cable falling very high right now.

This last move up was just a bounce off the support fib level in yellow on 1 hr chart, and was just an opportunity to get in short if you've missed any other entries. Anyways, my 2 cents.

was that a head and shoulders forming on the 15m chart under the 10ema?

Nice work FxChi!

I am short!

I have different MA's, but what's important is the 15 min pin bar at support now resistance. Easy short right there.

I add short again.SL BE +1

4919 target for now again.That is my pivot line

$770 are inportant to closse below that on 4 hr for me to see clean down again.That could be resistance.Especaily with bulish divergance i see on daily