Cable Update (GBPUSD)

Hi to everybody

It is my first post today, as up to now I didn't have enough time to post my personal visions of the FOREX market. I am glad to be part of this forum, so we can share opinions and be more effective in the market.

About the GBP/USD : If somebody saw that on D1 chart the pair is making reversed H&S ? From my point of view if it break the level of 1.616x after that we can have another 250 pips up. We need to wait and to see how it will go in the next couple of days before the FED next week.

I still have a small short position from 1.6053 with TP on 1.6009 (yesterday it fall to 1.6010, so bad for me). Now i am still thinking how to proceed, as two important indicators are coming from the UK today and tomorrow. Specially the prelim. GDP will give big move on the market.

barstool ?? pp out at 40 reenter on the low of 20

6020 looks like the stronghold break it and i hope it will move quickly down before uk news

I will try now to break the 1.6000 level, if it succeed, then around 1.5960 is not unrealistic for today

and there we go... down down more down ...

nothing stopping this move...to 15800

Just need to break 1.60 and then the bottom will fall out of it.

u can't say anything... this is forex ..only one move can change the game, can change the life ....
but always hope for the best...

I will move my SL to BE, if price reach our fib 61% (my first TP 1.5990). Hope I will have happy pips.

G/U had some big retracement, fortunately my SL still not hit.

might retest the break out

Has deteriorated into volatile range-trading for now. Practice caution.

http://www.fxstreet.com/news/forex-n...c-a839d10a2a61
Fx street quoting support 5997 ???? ????? mm

come on ,,,

Overbought?!?!?! LOL

a few more to the fib,,lol i have seen over brought down at 20- rsi,, just a combination of tools to use ,,gl ,,

4hr Close back above the ----- line and looks bullish.
4hr rejection of ----- line and looks bearish

time will tell

await some confirming look to go long yet 6020 ish was break out but on the fib line too, 50/50 but bad news ??? lets see ,,gl

Ha!

-42 Min in Here & Nobody wants
to "Gibber Jabber" at this one right now,
So i thought i'd post a "Chart"!

I've been "Sloshed" around as of late, on this wave-set,
after catching a beautiful wave down yesterday morning,
w/London. -Now i'm pulling the seaweed outta my teeth,
and Snot out of my nose a couple times here; -my own self-doing.
-(Tiny 10/20 pip losses).

But i Believe we are in Wave-3 of a 5-Wave "South" on a 4hr Chart.
-You Decipher? -!
Have a Great One,
Here you go,

Jeff

Good Afternoon guys from London... How is the trading day going?...

It just touched the 61.8% retracement extension. Should go back down now.