Cable Update (GBPUSD)

Quoting bbmac

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Incredibly 5530 the current daily hi up off 5204 current daily lo and price @ 264% of 20 day atr, 117% of 20 week atr all in one day. 76.4% 5751-4811 at the Hi and a previous 4hr / minor daily swing hi zone. Above here: 5513-29 prev 4hr/minor dly sw hi zone incl 5528=76.4% 5751-4811 55530 Current Daily hi 5543 38.2% 6746-4811 5548 85.4% 5676-4811 5550-70 weekly descending t/line on Weds's daily candle incl 5565-79 = prev 4hr sw lo zone (non immed) incl5578 = Weekly R2 @/around, and 5579= 50% 6349-4811 5602-12 prev minor 4hr sw lo zone incl 5612...

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Quoting inpatient

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{quote} Thanks Nav, I have actually seen better options shorting Oil from anything north of 107 these past few weeks. It seems we are in a period of unsettlement in the forex market as traders try to make best guesses as to the likelihood of recovery in the USA. Once that becomes clearer i think we will start to see some larger moves. Just hoping for some more spikes north in Oil before then

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Quoting nAVIN2007

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{quote} this is what im looking at..hope it helps {image}

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Quoting inpatient

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{quote} I think it shows the clear trend is down over time. The early part of the year over shooting to break the lines but was just that 'an overshoot' based on the hysteria at the time. I even read 'cable will go down to 1.10'. If we find a top around here and stay within the channel we could see the same channel play out for quite some time.

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Quoting inpatient

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{quote} I think it shows the clear trend is down over time. The early part of the year over shooting to break the lines but was just that 'an overshoot' based on the hysteria at the time. I even read 'cable will go down to 1.10'. If we find a top around here and stay within the channel we could see the same channel play out for quite some time.

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Quoting nAVIN2007

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{quote} i cannot see those levels bro on cable..but i have definately become less stubborn about my long bias..im now trading this mofo both directions trying to make enough to exit the trade..as it looks like it can go on for years

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Quoting nAVIN2007

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{quote} i cannot see those levels bro on cable..but i have definately become less stubborn about my long bias..im now trading this mofo both directions trying to make enough to exit the trade..as it looks like it can go on for years

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Quoting inpatient

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{quote} I too hold trades for a long time but try to only trade in the direction of a positive swap. If we get anywhere near 1.57 surely that would be a good time to exit all longs and enter a few new shorts looking for this thing to bottom? I think over the longer term your long bias will prove to be correct but too far away to be able to trade it yet. I think once we get the surge from the taper and increase of US rates (likely before that of UK, EU)to bottom cable at 1.42 then it will be time for longs. Maybe late 2014 or 2015. Back above 1.7...

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Quoting TauTrader

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Good day, I looked at lower time frames, and as a short term trade i'm selling here @ 1.5505 with target 15377 Regards

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Quoting Davit

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{quote} 5377 is not short term but swing number unless your short term means 2-5days

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Quoting TauTrader

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{quote} Davit, Correct. I'm slowly moving towards long term trading - away from quick trades. Still some 10 and 20 pip scalps, but moving away. I'm looking at 4h and daily now. So, yes - a few days. All the best Regards

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Quoting iqyu5an

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supply source not broken yet by this bull rally ( just imho ) {quote}

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Quoting okanemici

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{quote} {quote} I said " It will stop for now at 1.5540 " and it stopped at 1.5531 , more over I've 125 pips gain from this account blower bloody move, what do you have ??? {image}

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