theres a small H&S on E/G which might play out if it does it could push cable past 3970, just my thought

Cable Update (GBPUSD)

mine closed at 3933

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the top of the wick on my previous 1 hr is 3929

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Yeah Im gonna have to ride it double hard! so i can afford holiday money!!

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I would say

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Cheers, I shall be watching it very carefully

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Cool im in good company then! Just checked out Abuawad's charts now, very nice, I'll prob close out half on 4025 and see what the price is doing after that. If we manage to break past 4050 then I wouldnt be surprised to se 44xx some time this week

Cable Update (GBPUSD)

im still long looking for 4025 today to close

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I meant it was a nice short from all the way up there. You shorted at a really nice price as well, I would have taken profit by now at 3680 when we hit it first time. I dont know what you should do with your short at the moment is the honest answer, ...

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NICE!!

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True, cant argue with that! Happy Trading

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anyone still short?

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Yep I agree. I use trendlines, fib levels, SR levels, price action. I have now started to incorporate MA's into my trading and it has really helped. I think with MA's it all depends on how you use them because there is so many diff ways. If used as ...

Cable Update (GBPUSD)

Im not really an expert on indicators as I hardly use them, but I would have to question the reliability of their use on a 5 min chart?

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ahh you must have the 1.2xxx price area on the brain counting your profit already lol

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you mean 3839?

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yeah if we get to 3900 i may close out some of my position there, will just have to see

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I dont think the ride is over yet either maybe 4050 for today That would be sweet

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still long from 3550 - 3600

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Your welcome. Remember its only my view, if we go below 1.3600 then I would change my opinion and say we will head much further down before any bounce, good luck again

Cable Update (GBPUSD)