4 hour chart, its a train

Cable Update (GBPUSD)

still a lot of down momentum

Cable Update (GBPUSD)

Sorry Shakeout, I can be quite forthright when it comes to trading which will hopefully settle down now that I have given up coffee this past week. Coffee, trading and me at the same time has cost me a lot of money in the past and I will have ...

Cable Update (GBPUSD)

We may even be heading for a weekly head and shoulders pattern terminating at around 15350.

Cable Update (GBPUSD)

During the full month of August last year, all the US news was just crap and it created 1-2 hour spikes up.Yet it fought and fought its way down to the daily 200ema or weekly 55ema sitting right on the 38% retrace, before hedge funds came in and ...

Cable Update (GBPUSD)

There is risk aversion going on in the markets creating dollar strength. a very mini GFC

Cable Update (GBPUSD)

For this pair, technical wins hands down. News and rumours are simply bullshit to justify technical moves. Countries and currencies do not collapse like a company can, USA, Britain or Mexico are not going to simply vanish. If news consistently was ...

Cable Update (GBPUSD)

Anyone know how I can change my username?

Cable Update (GBPUSD)

Good eye opener thanks Smikester. Do you think we could see a retest down to the 1.60 level highs of August last year where the daily 200ema is sitting almost exactly?

Cable Update (GBPUSD)

oh come on that's no fun, give it a week or 2

Cable Update (GBPUSD)

I like that, either 6310 or 6335

Cable Update (GBPUSD)

my QQE tells me london will send us north temporarily and NY will send us south off the 30min 200ema. My pending is sitting their so I am completely biased of course

Cable Update (GBPUSD)

the 30min 200ema looks like a good point for a short entry down to 6215 or so. Holding the other half for later

Cable Update (GBPUSD)

Yo Prisoner, is this a reference to a former life/R. Yes it appears almost oversold according to my QQE but one thing I have learnt about the cable is that it loves trendlines, 200ema's and fibs. Regardless of fundamentals, once this baby get a ...

Cable Update (GBPUSD)

I would be uber keen to short at around 6340

Cable Update (GBPUSD)

Yes, thanks for that. I guess I am not used to holding trades into drawdown with such long term targets.

Cable Update (GBPUSD)

I agree. An idea for tomorrows trading: price likely to retrace off the 38.2 then break back down below todays close and head towards the daily 200ema. I will be shorting the break of todays low towards 6050. Any ideas?

Cable Update (GBPUSD)

Come on dude, buying dips now?? I would wait until 6050 before riding this baby back up.

Cable Update (GBPUSD)

A lot of downside momentum. Will prob continue moving down towards the daily 200ema tomorrow after retracing to about 6320. I won't expect much action for the rest of today though, caught between support and resistance and about to hit 38.2% ...

Cable Update (GBPUSD)

I see it KyoOishi I see it. Being very new here I wasn't sure if I was seeing things. I hope I'm not. I find Cable loves Fibs and Moving average harmonic patterns more than any other pair. I need to change my username, my real name sucks

Cable Update (GBPUSD)