doesnt look like cable has buyers anymore because the fundamentals now were the spark it needed to hit 9700 but instead it hit 9677 and now its falling. looks bearish from now on.

Cable Update (GBPUSD)

r u using the chat room anymore???????????????

Cable Update (GBPUSD)

2nd bearish candle on a 4h chart forming. looks like a possible retracement but im not sure about going under 9580 that is even if it reached that point. not much southern momentum.

Cable Update (GBPUSD)

looks like we will c the first bearish candle after around 6 bullish candles.

Cable Update (GBPUSD)

at this point i am really confused. im just gonna wait it out.

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i was thinking about it but it seems risky. all my technicals so far indicate a correction to the 9550 area but cables bullish momentum seems invincible.

Cable Update (GBPUSD)

euro and cable have the last 4 or 5 candlesticks almost in the same pattern. plus stochastic and rsi almost identical.

Cable Update (GBPUSD)

thnx for the advice.

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looking at the candles in a 4 hour time frame they show a possible retracement to fibo line 61.8 : 19537. sounds highly unlikely i know but RSI shows that it is way overbought. almost around 83. any feedback would b appreciated.

Cable Update (GBPUSD)

im trading on a demo account so that imaginary fish doesnt feed my appetite. anyway i am trying to make a strategy by learning from the best.

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thnx a lot.

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could i know what indicators ur using and which timeframe? if thats ok i understand if u dont want to share.

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a second opinion wouldnt hurt. it would be gr8 to hear ur assessment.(still on demo) so i need all the opinions i could get.

Cable Update (GBPUSD)

any1 think its correction might hit 9540(61.8 fibo level)????????????

Cable Update (GBPUSD)

i dont want to scalp i want to buy but it seems stupid to buy now so i was kinda wondering wat a good price is.

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i know this is a bad type of question but based on ur experiences shouldnt there be a correction and if there was a correction would it travel more than 50 pips downwards for 230 pip north movement

Cable Update (GBPUSD)

if its 5 then it is way overbought its at 83

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hey i need to ask which RSI(period of 14 or 5) is better wen analyzing cable using 4h timeframe

Cable Update (GBPUSD)

i think we will c 9540 today thats wen i'll buy.

Cable Update (GBPUSD)

202 pips so far

Cable Update (GBPUSD)