Cable Update (GBPUSD)

Quoting TauTrader

Disliked

Looking at the longer term channel - we are at a key area.

Do we trade back down from here - or break and run north - based on some distorted bullish flag type pattern backed by a channel break?

Typical area to position prior to major news releases - point of most uncertainty.

Regards

Ignored

Quoting Ill-b-back

Disliked

I agree, we seem to be neither here nor there

Personally, I am waiting until tomorrows open, I find NFP Friday (open) often coincides with a directional signal for me well before the news. A pure coincidence unlikely though...

Ignored

Quoting TauTrader

Disliked

Looking at the longer term channel - we are at a key area.

Do we trade back down from here - or break and run north - based on some distorted bullish flag type pattern backed by a channel break?

Typical area to position prior to major news releases - point of most uncertainty.

Regards

Ignored

Quoting TauTrader

Disliked

Looking at the longer term channel - we are at a key area.

Do we trade back down from here - or break and run north - based on some distorted bullish flag type pattern backed by a channel break?

Typical area to position prior to major news releases - point of most uncertainty.

Regards

Ignored

Quoting tirmizi

Disliked

hi TauTrader!

i think channel is broken and last supply line which bold green also broken and re tested and thin green which is 4hr tf closed prices , yesterday retested and finally closed above all three supply lines

the channel line red
the last supply line bold green
and last supply line on closed TF thin red

i personally think as you are thinking but we may see prices above 6200 and then down to 6050x i guess

GL

Ignored

Quoting Ill-b-back

Disliked

I agree, we seem to be neither here nor there

Personally, I am waiting until tomorrows open, I find NFP Friday (open) often coincides with a directional signal for me well before the news. A pure coincidence unlikely though...

Ignored

Quoting TauTrader

Disliked

Good day,

Can not really tell. But should you choose to long - SL should be 1.2936. For if we break 1.2940 - we will probably also see 1.2920, 1.2900.

Regards

Ignored

Quoting TauTrader

Disliked

Good day,

Just thought I would post my current thoughts - it's to keep me honest and also for you to comment - should you so choose. But these are just thoughts.

One scenario I see:

The recent low formed on 23 October (marked 1) @ around 1.591x is not the last of it. It's not a key low. That still has to come - eventually.

I also like to believe that we still need to go a little bit higher still from the current 1.6120/30 level to possibly test 1.6160/1.6180 area at the top of the current channel I have on the chart ( marked 2)

Should...

Ignored

Quoting gavalar

Disliked

Always great to hear your thoughts and have seen tirmizis replies, both of you have sound valid points. Its very difficult at present to predict which way this pair will go medium to long term so am currently looking for signals for the next 4 - 8 hours. We are at the top of the H4 fractal but above the descending trend line. Will we see a re- test of that TL before taking the longer term direction. It now seems to have broken down through the recent ascending TL on the smaller time frames so that test will come soon enough and may give us an answer....

Ignored

Quoting _BBKing_

Disliked

hello cable traders
just my idea about GU in the video below.
first 10 minutes are about GU.
then gold.
then others.
http://www.youtube.com/watch?v=k3oR3...eature=g-all-u

Ignored

Quoting moleazm

Disliked

why did the cable go down with better than expected housing data?

Ignored

Quoting Goldflake

Disliked

Took long @6128 with target around 6160.

Ignored

Quoting Goldflake

Disliked

Target hit. +32 pips. Out.

Ignored