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Cable Update - Continued 105 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting TauTrader
Good day to you,

A run lower to 1.6100 - 1.6050 is what I will be looking for before re-considering any position. If my daily chart still in order - a long from there may yield a very nice move - but time will tell.

No longs for me at present.

Regards
thanks for sharing . nice statement btw
Just Newbie Need Guidance From The Expert
Quoting NoviceInd
Long @ 16214 target only 20 pips hoping close gap .
there is a gap rite ? or it just my mt4 error ?
I think your mt4 is fine. Just do not trade based on gaps.

There is no gaps, its only weekly closes because your broker closed during weekend while market is open 24x7.

Check xe.com during weekend its never stop moving up and down.
Hello, I think we finally going down.
Quoting josef
Hello, I think we finally going down.
Yeah, there is a small H&S pattern on a daily chart.
Expect to drop at least to 1.5550.
Possible temporary retrace coming? Seems to be battling to break 6150 again!
Quoting Mitserdof
Yeah, there is a small H&S pattern on a daily chart.
Expect to drop at least to 1.5550.
ok,but today start bull @1642.
to become GU's shoulders. then drop to your target.
the shoulder-head-shoulder of GU in D1 chart
hi all...im nubie down here..i thing gu will go down till 1.59 area before bull take over the trend...just my prediction...hope senior can correct me if im wrong..
Quoting TauTrader
Good day to you,

A run lower to 1.6100 - 1.6050 is what I will be looking for before re-considering any position. If my daily chart still in order - a long from there may yield a very nice move - but time will tell.

No longs for me at present.

Regards
Good day to you,

So where are we? Nice drop this morning as thought. No clear trades for me at present. Daily still shows a long opportunity - but the level from which this attempt will be made, can be much lower - so I will wait.

We have however approached an extreme area on 4hr, but not yet on the daily - this is sitting @ 1.6050. Choppiness on the 1hr. Mixed charts. No trades.

Leaving town for an hour or 2 - will see where we are a bit later today.

Take care

Regards
Quoting jmtini
Possible temporary retrace coming? Seems to be battling to break 6150 again!
GU bear, but GU was prevented by a fairly strong support at .6105
only an analysis, and I'm always wrong, don't follow me,
where is everybody today?

so looks like "final" downmove before we change the direction to north?
better be soon, been buying a lot down here now
seems there are some good support level there.. hope it wont break *fingercross* targeting 23.6 ret..
Since the Asian session today, GBP/USD plummeted down with no significant resistance from buyers.

if pound does not break 1.6105 down, then the possibility will bounce at least until 1.6150/75
Quoting rising7
Since the Asian session today, GBP/USD plummeted down with no significant resistance from buyers.

if pound does not break 1.6105 down, then the possibility will bounce at least until 1.6150/75
Attached Image (click to enlarge)
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Hero calls followed by margin calls...
Quoting TauTrader
Good day to you,

So where are we? Nice drop this morning as thought. No clear trades for me at present. Daily still shows a long opportunity - but the level from which this attempt will be made, can be much lower - so I will wait.

We have however approached an extreme area on 4hr, but not yet on the daily - this is sitting @ 1.6050. Choppiness on the 1hr. Mixed charts. No trades.

Leaving town for an hour or 2 - will see where we are a bit later today.

Take care

Regards

I wish i had yur discipline u showing right here
expect further correction up now.

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
Quoting PhAnTi'
expect further correction up now.

Attachment
ups sry wrong chart

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
Quoting PhAnTi'
expect further correction up now.

Attachment
oh man what has come of this thread..u were the only one i thought descent then saw your chart and its AUD..

WHAT THE HELL IS GOING ON IN HERE..we need twee to get rid of the shit in the channel

small head n should and target 1.55 and no charts..come on people..lets bring this thread back up to scratch it used to be the best thread in ff analysis wise
Hello, Guys.

I went long at 1.6115 - what to you think about this?
Quoting josef
Hello, Guys.

I went long at 1.6115 - what to you think about this?
i think that might have been a good move
Quoting nAVIN2007
oh man what has come of this thread..u were the only one i thought descent then saw your chart and its AUD..

WHAT THE HELL IS GOING ON IN HERE..we need twee to get rid of the shit in the channel
navin !

sry, even fixed it... i missclicked in my chartfolder which looks like :

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
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