Cable Update (GBPUSD)

Today's S/R levels on MT4 templates

EURO
CABLE
AUDUSD


http://www.forexfactory.com/showthre...86#post7126886

Starting to find confluence for loading longs @ 1.6395.

lol 45 pips up in 1 second.. congrats to those who bought on dips. I thought short term momentum switched and was thinking of selling.. as I was about to click sell, boom. 45 pips.

seems news leaked 2 min before

Why bother trying to short this, UK economy is a monster right now somehow.

Still no Position here - Cable still bullish

here we go...

Not yet,as I said I need 3 confirmation for Jump the gun

it is quite funny reading the thread and post by certain specific people..

buying euros her eon this retrace is a brilliant idea -- just my two cents!

That's true. No reason to sell yet. But I think GBPUSD running out of room to the upside.. I think 1.67 is the maximum it can go at the moment.. 1.65 is also possible. On monthly, it's still consolidating from big drop from 2.0x area... Consolidating between 1.50~1.67. Resistance at 1.67 is very very strong.. Might break that this time, but I'm not sure.

It might already be losing momentum.. After bullish news, it shoot up 45 pips, but overall it couldn't even go pass 1.6420. After hitting 1.644, it's still down. I'm actually looking for a sharp sell-off from 1.65 or 1.67. I won't enter the market unless it confirms a sell-off from a strong resistance. I see a lot of 1000 pip sell-offs on monthly.... We're on 5th green weekly candle. Is the 6th going to be green as well? 7th? Soon, there will be some selling opportunity, even it means intra-week. Watch out for Fed announcements... possible to ruin all the bulls. Actually, I might just take a break until mid-January or so. Markets are crazy and I don't like trading when all the pairs are on multi-year highs... I'd rather trade within short-mid term channels..

Added More:

Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY
GOLD
S&P 500

http://www.forexfactory.com/showthre...86#post7126886

whats the 3 confirmation?

1. The lines/zones of S/R
2. The Close
3. The Break

Just Sit & Waiting then shoot it hard laters when the time coming - But it does'nt mean will be 100% right...Just use a proper MM and SL then you will make a lot later - Patient is the Key

Very quite here. Quite before the storm.

Very QUIET indeed. Let's see how this unfolds.

Short GBP from 1.6401. Got sl at 1.6380 in case it breaks out to the upside. But think Cable is very over bought and looking heavy.

come on Cable you doing a good job!

what is going on with Cable & Euro, positive news and it moves up. I just cant figure this out sometimes. (most the time)