Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#405,461
Nov 23, 2014 3:08pm Nov 23, 2014 3:08pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting PoundTrader

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{quote}hey i can be wrong my friend im not always right

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Come with me if you want to live....

#405,462
Nov 23, 2014 3:10pm Nov 23, 2014 3:10pm

poseikwame
| Joined Sep 2014 | Status: Trader | 971 Posts

another trading week ahead fellas... my bias on cable remains bearish with a further drop to 153693 range. Last week we saw price broke and retest the daily -0.27% fib extension and formed this range. (4hr chart/tf) shows this to also be a double top at 38.2% level with the -61.8% extension being confluent with that of the daily fib play(153500) adding to the short bias. looking out for a break and retest of the range low in other to jump in short on this pair

#405,463
Nov 23, 2014 3:45pm Nov 23, 2014 3:45pm

PoundTrader
Joined Sep 2010 | Status: Life Time Member | 6,685 Posts

Quoting Ill-b-back

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{quote}

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lol, i hope im right for my sake

#405,464
Nov 23, 2014 4:09pm Nov 23, 2014 4:09pm

josmartino
| Joined Aug 2006 | Status: Trader | 35 Posts

Quoting PoundTrader

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{quote}lol, i hope im right for my sake

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Hi there Cable seems to go south at least 1.5577 hopefully.

Think out of the box........

#405,465
Nov 23, 2014 5:33pm Nov 23, 2014 5:33pm

PoundTrader
Joined Sep 2010 | Status: Life Time Member | 6,685 Posts

Quoting josmartino

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{quote} Hi there Cable seems to go south at least 1.5577 hopefully.

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#405,466
Nov 23, 2014 5:39pm Nov 23, 2014 5:39pm

Basement
| Joined Feb 2013 | Status: Trader | 124 Posts

LONG @ 15654.
Hourly setup looks good to break that short term downtrend resistance.

Trade with what you see, not what you feel.

#405,467
Edited 8:06pm Nov 23, 2014 7:54pm | Edited 8:06pm

PoundTrader
Joined Sep 2010 | Status: Life Time Member | 6,685 Posts

Quoting PoundTrader

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im long g/u at 1.5638, s/l 1.5589, t/p 1.5887

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what i saw when i took this trade was a floor being build on the 4hr charts witch if taken the trade can be a huge reward with some risk

#405,468
Nov 23, 2014 8:54pm Nov 23, 2014 8:54pm

Basement
| Joined Feb 2013 | Status: Trader | 124 Posts

Looking good to break the downtrend resistance, need an hourly close above it around 15664

Trade with what you see, not what you feel.

#405,469
Nov 23, 2014 9:22pm Nov 23, 2014 9:22pm

timingchain
Joined Nov 2014 | Status: Trader | 613 Posts

Quoting Basement

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Looking good to break the downtrend resistance, need an hourly close above it around 15664

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H1: eased above EMA.20 at 1.5660

#405,470
Nov 23, 2014 11:06pm Nov 23, 2014 11:06pm

Makavell
| Joined Mar 2013 | Status: Trader | 496 Posts

Quoting PoundTrader

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{quote}what i saw when i took this trade was a floor being build on the 4hr charts witch if taken the trade can be a huge reward with some risk

Ignored

A floor right? Probably a solid floor like this