Cable Update (GBPUSD)

sell order @ 1.6330 SL 1.6460...TP 1.6050

Good day to you all!

Some of you are ripping today! I have been busy with business issues and travelling for the last 3 days...

We currently are in an uptrend. Sure, one can tweak your charts to reflect any direction, and we trade what we see. therefor we will have different opinions. That's great! We decide on direction based on relevant information. Relevant to you at the time of entering the trade.

For me, trend is up right here, right now.

The blue trajectory line indicates average close prices of the bars as we go. It tells me up. So I may assume long. BUT, projection for next week still shows a bearish bias. Going into Monday, there WILL be pips to the upside - expecting 1.6385, but from there, it could go anywhere. All the way back to 1.6150 and beyond is not excluded. If price closes below todays open, odds obviously favours the downside going into next week.

As we stand now, I will be going for longs in the short term going forward - entering on retraces every 30 pips below the projection line and getting out as we cross/touch. I will take all S/R lines into consideration in deciding entry/exit.

Currently in a short on eurjpy. If price does not close below 1.3412 today, my bias has to change to either ranging or bullish. This will then also add mojo to my bullish sentiment on GU.

This thread is incredible. There are extremely capable members posting here and I listen, read, observe and shake my head in disbelief at times...snipers indeed.



To all the seasoned members here - kudos to you

My you prosper

Long closed +120 pips

Trade Activated....

Friday danger.....

Gras man I just sold Dragon too 152.70... SL 153.80.. TP 150.00

How u going bro?

Cheers mate

Crook today, no Beers unfortunately but you load up bro

great mate....non stop smiling since yesterday....aiseh...good for our long ya yesterday...but am riding both of them for my 2nd chapter as well today....

maria 153 n 153.50...gu at 37 area.....

somethings happening

Short from 45....

Let's see!!

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Good friday ALLLLLLL!

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WB forget the threesome, you already have a date whit LadyFX.... LOL
Do you have polygamy in your country?!? hehe.....

yeah.. probably smart to load a short

Lets push her below 1.6280....

The reason why i am not going long again because today is weekly ending

We saw Mondays is always for bears

So better wait and see.

But for today it looks bullish.


Thanks for excellent analysis by some of guys here.

HAPPY TRADING

hi friend what u see pound bearish on mondays or bullish. Its confusing lil bit today wht u think

The millions are on the road! (joke)

I traced a channel over 1h, old one lying there... and price just knock off the upper channel so I said ... hum......

So here we are! LOL

1.6307

I hear ya bro.... she must not return to 1.6380 for continued momentum to the downside next week.

The BEERS are on the wall

I was wondering what Gras Man was laughing at. I missed that completely

Good day to you, Pakitrader

Your trade for monday - buy 1.6272 sell 1.6355.

Hey ho another day another bagel

My long term short got stopped out at b/e but i dont mind

Its back on now and I will wait for the drunk to hit the pavement