Cable Update (GBPUSD)

Quoting forexalien

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Keep It Simple................. {image}

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Quoting fxlover11

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{quote} Also it can happen that all these moves are part of wave 4 sideway correction and the bottom may not set yet. {image}

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Quoting ravenbg

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Nonsense again and again. I see 'consolidation', 'buy any dip', 'my wish', 'this move can't be normal', etc., some may not be quoted with the same words, but the meaning is the same. I still keep my shorts and added some more. Thing are absolutely unclear, rejections are there at both sides. I might keep adding shorts if I decide the moves are irrational. On my charts I saw exceeded volume on the 2 15m candles before the spike occurred, on the spike itself volume was still exceeding, since then volume is extremely low. My bias is bearish all the...

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Quoting yanitsa

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almost perfect it can go down now {image}

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Quoting negrada

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Friends. As per my previous posts, I trade with a 1-2 weeks view, possibly longer. My view for cable is a stuck currency. There is nothing material happening anywhere. US debt deal is just a red herring, a gimmick. If the market were taking seriously what is happening in the US right now, the volatility would be at a minimum at levels close to when Greece had their first elections called off, and not at the levels of the moment. And UK news are just coming as expected. So not a good time for trend-following right now. Sell at highs and buy at lows....

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Quoting kerndc

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YOU ARE WRONG when you state that CABLE is not good for trend following right now. You say you trade with a long term view. Then why have you not seen the 1400pip move cable made in the past 14 Weeks? LETS NOT FOREGET WHAT HAPPEN LAST WEEK TREND FOLLOWING `FRIENDS` cable has given a sell signal how low it will go only time will tell. GOODLUCK to all...

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Quoting negrada

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{quote} Hey, FRIEND - I have seen the 1400pip move in the past 14 weeks. What I haven't seen was the ForexFactory.com forum to comment on it. The first time I found this forum was yesterday or so. I DUMPED cable at 1.6030 (at the time I wrote that message) and I am buying it back half of it now. I am still bearish (see my first post) but I don't think any downward will be worth calling it a trend. I still maintain the view of my first post that 1.585 this week is the farthest we can go. I might be wrong though. TO ALL FRIENDS HERE.

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Quoting kerndc

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{quote} I have a target in the lower 1.5725 area. the weekly 200sma. after that the middle bollinger band. {image}

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Quoting KillerWhale

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{quote} 1.5718 to be precise

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Quoting KillerWhale

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{quote} 1.5718 to be precise

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Quoting kerndc

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{quote} 5725 is ok for me i dont like to squeeze out every pip i possibly can. i find that it is just a waist of time. therefore my targets are these levels that i have found works out just fine . Eg. 1.58 or 1.5775 or 1.5750 or 1.5725 or 1.57 any of these levels anywhere on the chart is fine for me.

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