Cable Update (GBPUSD)

Been long and short for a week, not at the same time though.
Green pips to all this coming week.

LOL.

Warren...

There are no perfect system for trading, only ways of identifying the current/immediate trends and the long term price action.

Though I have a thread to show others what I see, I use a buttload of charts to help me trade off of and try to only post the most relevant of them for understanding. What others choose to see and use must be their own and must consistently offer true gains and protection against the large draw downs.

The reason I asked you to post...

Following my response, we had a couple of others throw some ideas into the mix. Husky using the ichi clouds, EG using his idea of a support line as well as yourself. 4 different traders, 3 different charts, all having the same ideas of an immediate and current downtrend with different ways of seeing the same thing.

Shit, from here we could all be wrong, but even if we are, we will have the chance to correct our analysis based on what is happening into the open of next week.

The essence and idea of my views behind the cable thread here at the Forex Factory, generally, isn't one of a pissing or popularity contest, but more so the idea where the experienced traders offer something to the new faces that we see floating through our doors. The idea where we can share our ideas with others in hopes of further gains and prosperity.

In this, we grow as a community, strengthen our own trading and enjoy the company of others we would normally not meet and chat with under any other circumstance.

Again, thanks for the post, keep on keeping on brother.

another vieuw, Cloggie always spoke that cable loved the 50 level, what does this mean now ? Chikou Span still above the price, if it brakes the price ..bearish.

D1 50% fib is @1.517

I agree with you that price is around that fib on the 50%

Let me think about this.

Dixy has bounced off a weekly trendline

gold is looking like it needs to correct.

We have had smaller rejections from 1.5650, creating lower highs. Telling me bulls at that point are being knocked straight back down.

I see more dollar strength this week.

But Huskyboy, up or down what are the probabilities ?

Warren

how long till we can trade?

50 min's for me, on my platform.

Doesnt mean we should trade

who do u trade with?

For those not on a platform that is trading yet we opened @ 1.5676 and are currently 1.5659

Chart

market making bearish candle on 1st 15m but recovering on 2nd...just a gap fill?I think so possibly and going short if it does close it

Evening All...hope you have had a great weekend

Moved to BE

ok, time to oki coki

taking hit -7.Doesn't just look like gap fill-price finding support M15 MA20

Keep moving my SL 10 pips away from price just incase its a Gap Fill-Price

good luck man-I was looking for a quick snap back,ah well

It Took my SL

Managed + 8 pips...oh well better than nothing. SL was very tight but it needs to be at this time of night

shes goin down , short taken , weekly and daily chart r showing declines.

Cables not telling me to go short or long at the moment.