6272 exactly, will also be a clear break about the 1 hours 200ema which has kept the GU under wraps this past 2 weeks except for a news spike last week.

Cable Update (GBPUSD)

Yes I am tempted to sell and buy off the retrace and until very recently this was my go, but after the last 3 months or so, I have taken to trendline breaks and/or taking out recent highs and lows before trading. When I look on different timeframes, ...

Cable Update (GBPUSD)

waitning for close above 1.63 before Longing for 167 or so

Cable Update (GBPUSD)

looks ugly right now with possible false breakout yesterday. USDCHF looks good for a breakout next 24hours though.

Cable Update (GBPUSD)

I doubt any resposible Trades will be taken today and probably not tomorrow either.

Cable Update (GBPUSD)

I mean highs 2 days ago

Cable Update (GBPUSD)

Possible aggressive short at 6224, 61.8 retrace from todays highs and base of H&S.

Cable Update (GBPUSD)

Hmmm, I'm a small trade long the Swissy since 2 hours ago

Cable Update (GBPUSD)

Dragon?

Cable Update (GBPUSD)

We are in a narrow weekly wedge with support and resistance very close together and both the US and UK are having problems of different kinds. I am putting in no new shorts until we break yesterdays low.

Cable Update (GBPUSD)

Very carefull with longs unless you are prepared to hold them into draw done. I feel at least 60 - 5945 before any major trend reversal up.

Cable Update (GBPUSD)

Yep

Cable Update (GBPUSD)

I will be waiting until tomorrow to short off the Asian/London retrace down to Daily 200ema and weekly trendline

Cable Update (GBPUSD)

Sorry Gsantri, yep I need more practice, thanks very much, looks like a cool indicator for faster trades. Thanks.

Cable Update (GBPUSD)

But be cautious once 6020 is reached as this is very near the August high of last year at 6000

Cable Update (GBPUSD)

Hi Rullyforex, I would be targeting the weekly trendline attached.

Cable Update (GBPUSD)

Hi Wormboy, where did you get that Trix indicator? It looks very interesting. I guess you go long when the fast and slow lines are both green and exit when the fast line changes to red? Vice Versa for shorts?

Cable Update (GBPUSD)

Actually, I might take a 4 hourly close below this level, then wait for break of that candle low, Can't let NY grab all the cash for themselves

Cable Update (GBPUSD)

Heading south guys, Looking for a daily close below 6140, then 1st target at 6020, then 2nd open to weekly trendline around 5700

Cable Update (GBPUSD)

Slow markets before US news. Watching 15min 200ema with interest for another possible short which is sitting on resistance zone and daily 61.8 retrace at 6235-45

Cable Update (GBPUSD)