Hey hopefully you kept the trade long enough to target! Looks like I called that 20 pips above the actual low at 9 GMT! Not a bad trade before the news this morning, which I see caused a knee jerk reaction! I am bullish for today. Looks like a 1-2-3 ...

Cable Update (GBPUSD)

Ya of course! Im BE too right now. Would love to see 4545 for my first target and nice gains .

Cable Update (GBPUSD)

Not the best entry but good to be in the green!

Cable Update (GBPUSD)

No idea. I went long 4612. TP = 4712

Cable Update (GBPUSD)

Another option. This is a trendline from the high in the 1.500's. Can long a break of the upper blue line since we are still bullish from this morning.

Cable Update (GBPUSD)

Resistance 4740/60 50% fib 4766 Daily R1 Pivot 4766 Resistance 4830/50 61.8% fib 4840 Daily R2 Pivot 4860 Weekly Pivot and High 4800 Two zones to look to short on a failure, 4830/50 being the better one. This assumes we will continue south. In both ...

Cable Update (GBPUSD)

Ya words dont express emotions haha. Anywho, good to see you share the same view as I about the 4700 level. What you have in mind for a downside target, if you're in a position that is.

Cable Update (GBPUSD)

Tater I commented on your MT4, not your trading. As you can see in an earlier post, I shorted at 4700, at resistance while Im sure everyone in here thought to high heaven that we'd be up in the 48's in no time. I never said your analysis was wrong, ...

Cable Update (GBPUSD)

When do you calculate your pivots. Based on what time close in GMT? I was using 00:00 GMT but now I use 21:00 GMT (5:00 pm EST).

Cable Update (GBPUSD)

Wormboy is correct. I am short from 4700 and covered at BE now. I shorted at a 4h trendline, 38.2 and resistance overlap. Need to learn to quickly shift my bias from a bear (yesterday) to a bull (today) so I can profit both directions! Oh well. The ...

Cable Update (GBPUSD)

Ya good work!. That long yesterday would have been a winner too but in the end, who really knows eh? Good to see you here. I havent seen you around in a while. We have almost similar trade styles from what I gathered in the G.U thread.

The WoRmHoLe

Lock in some profits man! Don't let a winner turn to a loser! You are already more than 100% right on your entry, don't let that change! Nice GU trades as well, she treated me very well thus far this week.

The WoRmHoLe

Hourly close is nice for those of us short. Doji.

Cable Update (GBPUSD)

And I am not your matey.

Cable Update (GBPUSD)

Could also short in the 4750 area if we get there. Folks this is all under the assumption that this down move is to continue, and with the current reaction to the trendline and resistance I outlined, it appears that it will resume. We shall see!

Cable Update (GBPUSD)

Nothing is perfect in the currency market. Some levels can be violated and even closed above/below but never broken out of. Thats why we require patience. Market has to prove to me that it won't break beyond that trendline and then show signs of ...

Cable Update (GBPUSD)

Looks to be done for the day. Wait for confirmation!

Cable Update (GBPUSD)

Expect yes. I'll wait for some confirmation on the 5-minute chart (change in trend to down) to attempt a short with a tight stop.

Cable Update (GBPUSD)

Your chart clearly shows a lower low formed on that chart. I posted a similar chart if you look back a few pages. We have now re-tested the 4hr trendline.

Cable Update (GBPUSD)

Your MT4 closes at a different time. A funny time. You should consider switching to one that uses 00:00 GMT as your close. To short, I like 4700 but 4750 more.

Cable Update (GBPUSD)