Morning All - woke up early to see that my long G/U had worked it's magic!! - lovely 200 pips. I've finished for the day.
Love and Pips to you all.
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Love and Pips to you all.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedIt depends on how you trade mate.
I think it is clear that at the moment cable has a lot of weight moving up, but until it clears 4725, my bias is still down. 4490 - 4575 levels will be critical. Failure to breach these levels will prompt good short signal. But being friday and all, I'll be very careful about making trades unless you're already in one.
I think I'll take this weekend off and not carry it over the weekend as I did last weekend, unless of course the opportunity is ridiculously tempting
Good luck with your pickings alfamichi, and...Ignored
DislikedHi ezodisy
Just joined the forum and this is my first post. I'm guessing your trading style might be similar to mine. What was your reasoning behind your latest trade entry @ 4464?Ignored
DislikedIt depends on how you trade mate.
I think it is clear that at the moment cable has a lot of weight moving up, but until it clears 4725, my bias is still down. 4490 - 4575 levels will be critical. Failure to breach these levels will prompt good short signal. But being friday and all, I'll be very careful about making trades unless you're already in one.
I think I'll take this weekend off and not carry it over the weekend as I did last weekend, unless of course the opportunity is ridiculously tempting
Good luck with your pickings alfamichi, and...Ignored
DislikedHey wormboy...
the 1.4772 is the downward moving trendline for the DAILY..is that your indicator for bias. Unless it crosses..we are in a downward movement...
I see it that way if so.
Well..if it does stay below these expected resistence highs..Im entering short...and placing nice SL below my entry points..and have a nice weekend.Ignored
DislikedNice reply. Good detail. Similar Ma's. I use 32 & 64. Somethings that worried me as it retraced was 2 things: firstly it hit the 382 ret and a fib fan off the 1.4469 recent high and secondly I have found it common for a change in directio 20 minutes or so after the UK open so I took some short term profits. (Volatile first 30 mins)!Ignored
Dislikedsome 6 hours ago it was bullish once it crossed the downtrend for the 1 hr.
the indicators all pointed upward at that time..
but for now..I am going to sit and watch the fireworks..and wait for a nice entry..and drink my coffee and let it do its majic..no hurry..a trade will emergeIgnored