I am confident Cable is going south, either NY or tomorrow

Cable Update (GBPUSD)

Grabbed a half stake Asian short at 6186, hoping to get the other half at a London short of 6210.

Cable Update (GBPUSD)

VERY TIGHT STOP

Cable Update (GBPUSD)

ok time for a small size counter trend buy buy now off the 15 min 61.8 retrace up to 62

Cable Update (GBPUSD)

It was quite a firm break below the 61.8 retrace so I would not bother with any pending orders above 6225, as I don't think it will come all the way up and retest the true support zone at 6245.

Cable Update (GBPUSD)

Yes, I am jumping in early this morning (Australian time) at 6220 as this gives me around a 10/1 risk reward down to 1.6 with 1 or 2 closed hour bars above 6245 as my stop and I hate missing retracement entries by a pip or 2 for a 200+ pip move.

Cable Update (GBPUSD)

You must type faster than me Mr King,

Cable Update (GBPUSD)

I see what you are saying. If you take the extremes of price movement then yes. I tend to focus on multiple reasons for a decision and look at where the mass of whipsaw action takes place. I see 6245 as the base since this is the area of what was ...

Cable Update (GBPUSD)

Whoops, Attachment

Cable Update (GBPUSD)

Idea for next few days on 1 hour chart. Crude i know but I don't know about drawing tools available to me. Lower red line is daily 200ema at 1.6 whole number and highs of August last year. back up to current 61.8 retrace, resistance zone and base of ...

Cable Update (GBPUSD)

Man, 61.8 retrace, I need more sleep

Cable Update (GBPUSD)

on 2nd look, once we reach the daily 200ema, the 1hour 200ema will probably be sitting around the latest point of what is now resistance at 6245 which is exactly the 68.2 retrace on the daily and is clearly respected as such on the 1 hourly ...

Cable Update (GBPUSD)

I feel price will continue to the daily 200ema, retrace to either the 4 hour or 1 hour 200ema which ever is sitting at a significant fib, support resistance, before its next leg down. Right now the 1 hour and 4 hour are occupying the same space.

Cable Update (GBPUSD)

95% of my indicators tell me We are heading south next week. I'll see how Monday plays out for a break further down.

Cable Update (GBPUSD)

Make that 54 downward. I will be watching for a closed break below the daily 200ema, a retest of it back up, then a break lower. Never sure whether I will sell the retest or the break lower, depends on price action and momentum at the time. A very ...

Cable Update (GBPUSD)

Yes down to 55 imo. We have seen H&S on 4h, and Daily and with the weekly support brick wall we are about to go thru we could see one on the weekly also. Just a thought.

Cable Update (GBPUSD)

I mean RESISTANCE on the 1 hour timeframe

Cable Update (GBPUSD)

Just got back from a party with Cranium and a few beers. The daily MACD (red and blue lines) looks like an extreme theme park water slide, it has crossed the midline, well seperated, there is no divergence and we have just broken through (and ...

Cable Update (GBPUSD)

I'm shorting at 6225 Monday looking for 6020

Cable Update (GBPUSD)

What is VSA and IMO?

Cable Update (GBPUSD)