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    • Vourvoul replied Dec 11, 2008

      Dude, can you read that chart you just posted? How many systems have you incorporated in there? Regarding your question, the overall consensus is that yes, Cable will be testing higher resistance levels, BUT, make your own decisions based on what ...

      Cable Update (GBPUSD)
    • Vourvoul replied Dec 11, 2008

      EUro has hit major resistance. If it goes through cable will follow but I think there will be some profit taking to bring Eur down and cable with it... *really tempted to short the Eur there but just can't pull the trigger after all that strong ...

      Cable Update (GBPUSD)
    • Vourvoul replied Dec 10, 2008

      I wouldn't consider taking the GU PB myself as it is in traffic and not at a swing high, BUT, there's another 4H PB forming at EURUSD which adds to the validity of the short. Have to wait till the 4H close though... EDIT: Not a PB anymore at EUR but ...

      james16 Chart Thread
    • Vourvoul replied Dec 9, 2008

      NO it was not luck at all... The confluence had nothing to do with the MACD though. It was the perfect bounce off the 50% Fib of the upmove that constituted the confluence and also the 150 EMA on the 4H was conveniently at the same place. Very nice ...

      james16 Chart Thread