Cable Update (GBPUSD)

Holding Short, see you LDN.

I feel like smilling

http://www.forexfactory.com/showpost...stcount=165755

I am all pissed off n stuff...

I call a couple of decent bottom scores, and instead of a congrats, I get the Freakin Spanish inquisition....


CRIPES...

Oh yeah....CHA-CHING!

Now Now, never mind. Here, have a lollipop.

Holding into profi?! Its all fine, the move will come back and offer me an opportunity to get those profit....

I LOVE long term trader whit one side view!!!

Anyway...

ready to drop

Thanks.


Cashed out 233 on Cable and Dragon, Gunna go fer a nap now, have a bite of lunch, and see what looks good for the later on.

Best O Luck all...

4 hrs waiting for bro ! But bloody 1.6474 scary me !

target 1.6530ish

now you can reap the reward for waiting so patiently...

all aboard the south train back to 6100 before end of week?

Plus your call, it was very worthy to convince my opinion. Thanks bro !

A couple of things worth mentioning...And once again, not to piss off others, but....

Have a look at the bounce line (if you use moving averages) of the 24MA (on a daily chart). Second, have a look at a 4 hour chart, see if you can see why this particular turn point is significant.

I know because of the large draw down everybody calling bear market, with no fear of mockery, (like the fat kid in the corner who eats paste), I am still calling this a price correction on a BULL RUN!

mmm

Guys close or not ? ? ?


Elliot my friend

Alright...longs playing out nicely so far
Will continue to carry longs @ ap1.6452...

As long as H1 holds above MP 1.6492 may still up. Just played safe I move SL to 1.6480 !

Close at 1.6500 = 38.2 of last leg down, + fibs fan 50% (upleg)+618%(down leg) + too much hesitation and its getting late.
4h chart

Good day to you all,

Closed previous long. Now entered short @ 1.6490. Attached chart numbered to give my view.

1) Confluence of last week's 50% line @ 1.6531, as well as the current week's 50% line @ 1.6543. So, for me, the 1.6530 to 1.6540 area should hold for the interim.
2) Yesterdays low @ 1.6519 could assist abovementioned numbers to form a reasonal barrier.

My Parallel trendline based on average 4hr candle closes will form my guide. This currently bearish.

3) Target to the downside for me is 1stly 1.6426 - the monthly range 50% line. Then circled @ 3 is the opening price of last week @ 1.6390.
4) Then the SR line @ 1.6322

My view will change once we break back above the upper level of the daily channel, by low @ 1.6563

I wish you all success

Good trading

Regards