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Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting iamawaited
{quote} hello shorters!! EU and GU.. letss ride EU till 1.0581 and GU till 1.2360.. thanks!!!
okay nice wake up call there... GU should see 1.2340 next week or lower.. EU bounced off the 10SMA and will see 1.0581 next week. have a great weekend guys...
Trading Eternal...... Shiny & Chrome!!!!
Quoting ArslanHyder
{quote} Waiting for CB Index USD data
Buy Triggered... target is 1.24580 moved SL to breakeven i.e. 1.24390
Markets are Irrational
Maybe..

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cable is not really showing a strong bullish weekly close

if next week it breaks 1.2330 , it could really go south again
im short pound at 1.2455 ..SL 35pips
Made in Malaysia <3
Complex Head and Shoulders on GBP/USD (4h), this baby is going down very soon.

Right, Bones... ?
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Quoting Mr Breakout
Complex Head and Shoulders on GBP/USD (4h), this baby is going down very soon. Right, Bones... ? {image}
Wht is complex about it Mr B ?, looks to me like its all based on the middle pattern, nothing to sustain it above that neck line that pattern is dieing a slow death that may be about to pick up the pace
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Which ever way you look at it , it is the neck line on the big pattern,,,,,,,, that has been the barrier, shoulder area is either gonna get tested or it wont , looking like they will. But I really wouldnt bet the farm on it.
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just on a fundamental note , Tony Blair initiative is not really reassuring the political background but just adding confusion to more confusion

what should a guy trading cable think about all this s**t ? heck i'll short the hell out of it , wtf !!
Quoting MXT
just on a fundamental note , Tony Blair initiative is not really reassuring the political background but just adding confusion to more confusion what should a guy trading cable think about all this s**t ? heck i'll short the hell out of if , wtf !!
Lol, ah politics just give volatility, thats what ya need to trade, the more bs the better
Quoting digger1
{quote} Lol, ah politics just give volatility, thats what ya need to trade, the more bs the better
Quoting digger1
{quote} What is complex about it Mr B ?
Well, it's not the usual textbook example of a Head and Shoulders, because we see 3 right "shoulders".

What's interesting in this configuration is that each right shoulder is lower than the preceding shoulder, so it is clear that the bulls are running out of steam and that each upward thrust is less powerful than its predecessor, a good indication that the sellers are in control.

So let's see how it goes next week...
Quoting Mr Breakout
{quote} Well, it's not the usual textbook example of a Head and Shoulders, because we see 3 right "shoulders". What's interesting in this configuration is that each right shoulder is lower than the preceding shoulder, so it is clear that the bulls are running out of steam and that each upward thrust is less powerful than its predecessor, a good indication that the sellers are in control. So let's see how it goes next week...
Oh for sure man, be nice to get out of this pennent like zone it has been stuck in. Have a good weekend man
Quoting digger1
{quote} Oh for sure man, be nice to get out of this pennant like zone it has been stuck in.
Absolutely.

Quoting digger1
Have a good weekend man
Have an excellent weekend too.
Quoting Mr Breakout
{quote} Well, it's not the usual textbook example of a Head and Shoulders, because we see 3 right "shoulders". What's interesting in this configuration is that each right shoulder is lower than the preceding shoulder, so it is clear that the bulls are running out of steam and that each upward thrust is less powerful than its predecessor, a good indication that the sellers are in control. So let's see how it goes next week...
hey Mr Breakout , we need a Breakout .......... on Cable , next week ......
Quoting MXT
{quote} hey Mr Breakout , we need a Breakout .......... on Cable , next week ......
Sure, the cable right here broke down just a few moments ago, no need to wait until next.

Just kidding
Attached Image
no not head and shoulders possibly bearish tho the charts not clear to me
you can see a perfect one eur gbp ,still it has some more jobs to complete
how often do you see this pattern =not very often
there's danger in reading it only because it has meaning other than than the bearish structures your noticing

Quoting Mr Breakout
Complex Head and Shoulders on GBP/USD (4h), this baby is going down very soon. Right, Bones... ? {image}
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#doyourownanalysisordietryin
Quoting Bones
no not head and shoulders possibly bearish tho the charts not clear to me you can see a perfect one eur gbp ,still it has some more jobs to complete how often do you see this pattern =not very often there's danger in reading it only because it has meaning other than than the bearish structures your noticing {quote} {image} {image}
We'll see Bones, we'll see...
translate that eur gbp into a Q chart ,its a one off for the chart like ever
but thats assuming data is right even so looks mighty bearish
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#doyourownanalysisordietryin
Mr Breakout my friend ,if it fell to target id say you can measure a box just the same ..

Quoting Mr Breakout
{quote} We'll see Bones, we'll see...
#doyourownanalysisordietryin
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