HaHa. No offence taken my kind Sir. You are a great trader with a good mind set. I was just saying that I do not see 1.6195 in the probabilities. Perhaps when you have some time, you can explain it to me

Cable Update (GBPUSD)

The yellow projection lines were drawn by me last Friday. As you can see, my timing was off, but the levels are perfect on a H4 close basis. As such, I expect it to play out all the way now. G/U H4 image

Cable Update (GBPUSD)

That's a very good question. I don't see that price anywhere in the realm of probabilities any time soon. Possibly yes, but probably not.

Cable Update (GBPUSD)

Cheers mate. Enjoy a pint on me and I'll enjoy one on you

Cable Update (GBPUSD)

Yes the spreads suck, but at least I know they are market spreads (plus FXCM premium) and not manipulated by a dealing desk.

Cable Update (GBPUSD)

FXCM UK bro. The best I must admit I got slipped a couple of pips after the news, but that is to be expected.

Cable Update (GBPUSD)

Down on the bottom two and up on the top three. I also have a long term buy (or whats left of it after taking 70% of it in profits) at 1.6242 with SL @ BE

Cable Update (GBPUSD)

Same here and that's always a good thing. Plenty of opportunities coming up so no worries G/U H1 image

Cable Update (GBPUSD)

This ^^^ is a trader who knows what's going on.

Cable Update (GBPUSD)

Take a look at 9th October when UK Industrial Production printed -1.1% We had a down day reaction to the news and then it was up again from there. My point is that Cable is still structurally bullish. Even if sentiment is bearish, until we see cable ...

Cable Update (GBPUSD)

Too much

The Club!

I only have probabilities mapped out Davit. There is no need to shoot me over it. You're convinced the market is going down and I'm not convinced of anything... just simply following the higher probability.

Cable Update (GBPUSD)

Bed time for me also. Good night and best of luck to all. image

Cable Update (GBPUSD)

I think once we see 1.69xx we will see a correction back down to current levels, then up to 1.7x to complete the correction from 1.48. Probably up till 1.72/1.73 area. After that, Crash Bang Boom!!!

Cable Update (GBPUSD)

Monsieur Infi. Comment sa va?

The Club!

Yes, bearish till 6420 perhaps? image

Cable Update (GBPUSD)

image image image

Cable Update (GBPUSD)

Agreed Like

The Club!

I agree long term outlook is still 1.55xx at a minimum (perhaps even set new lows) as I've been posting for quite some time now, but before we see that, we seem to be heading towards 1.7x, just like the Euro seems to be setting its sights in 1.45 ...

Cable Update (GBPUSD)