thanks for the explanation!!!

Cable Update (GBPUSD)

please explain how we will break 4h down channel???

Cable Update (GBPUSD)

we just gonna retest top and then fall down to 1.5000 at least!

Cable Update (GBPUSD)

Thank you for that... was about to post : COULD SOMEONE PLEASE EXPLAIN WHY THERE ARE SO MANY IN THE ROOM who believe down ward channel on h4 will be broken so easily???

Cable Update (GBPUSD)

got almost the same sell order as you... sell 1.5120 and 1.5135

Cable Update (GBPUSD)

I'd say watch for breakout from this range, up or down, it'll run a couple of pips and maybe give daily direction... COULD SOMEONE PLEASE EXPLAIN WHY THERE ARE SO MANY IN THE ROOM who believe down ward channel on h4 will be broken so easily???

Cable Update (GBPUSD)

56 level has been holding all through asia, maybe that will be downward line in the sand?

Cable Update (GBPUSD)

dont you guys agree that the 4h downtrend channel will hold? if so we not going higher than 5130...

Cable Update (GBPUSD)

check my previous post but theres the 4h channel down for starters and that should almost be enough... Various macd crosses, ma broken etc... its all in my previous post.

Cable Update (GBPUSD)

I reckon It'll go back to 5120 and then DOWN all the way to 4900 again... just my opinion, lets see

Cable Update (GBPUSD)

ciau...

Cable Update (GBPUSD)

yeah but look at 5min chart and see how solid is that 75 area... if it does go above there, I dont wanna be short no more!

Cable Update (GBPUSD)

agree with your suggestion but dont want to give up soo much of my profit dont really care if it makes it to my t/p before stopping out. if I get stopped I'm in a great position for 2moro! 20% up on my account and if my t/p gets ...

Cable Update (GBPUSD)

well, saved by the bell for me! dunno if ny will be able to break this so late in the evening trade... well, might as well try!

Cable Update (GBPUSD)

s/l 77

Cable Update (GBPUSD)

if thats the case, I'm getting off as close as possible at 5050!

Cable Update (GBPUSD)

well, g2g guys... need to get ready for supper with the girlfriends parents who dont speak a word of english, afrikaans or german, which means I cant speak with them hehe, should be interesting... Taking wormies advise to heart, have decided ...

Cable Update (GBPUSD)

Here's the rounded top for all us noobs... Had to go look it up wormy Rounded Top Chart Pattern Implication A Rounded Top is considered a bearish signal, indicating a possible reversal of the current uptrend to a new downtrend. Description ...

Cable Update (GBPUSD)

If you READ YOUR CHARTS now, what do you see? 5050 or 5150?

Cable Update (GBPUSD)

alright wormy, thanks brother, LOVING this thread... looking at 38 for t/p but will keep watching until ny close! thanks again... EDIT: just closed below 150 ma on 5m... down we go!!!

Cable Update (GBPUSD)