Looks for promising for longs based on the week open.

Cable Update (GBPUSD)

Great job Carrera Just out of interest what do you make the H+S target im a little lost on the calculation of the minimum target

Cable Update (GBPUSD)

Ive got to say I'm with FX local and Warta on what they say.It is significant that we have broken out of range. The support at 145 looks good but the resistance at the 400 mark now looks excellent.

Cable Update (GBPUSD)

If you can not close hedge it works sociologically ,but not in reality as you actually have no position.But it cost nothing cause you would enter the market again anyway,except you could bank some of the opposite direction as well as long as it goes ...

Cable Update (GBPUSD)

You've read my mind Jim that is what I would do in such a position and I used to do that all the time with pretty good results,lol

Cable Update (GBPUSD)

Hey Mike missing the usual analysis ,suppose your on another vacation,lol Anyway I would be V intested in your View of cable right now ,no doubt your short. Do you think were at the bottom of a new range?

MW's trading journal

lol Thats so cool Carrera Really your in the wrong business lol

Cable Update (GBPUSD)

Honestly Nav I know what your talking about ,it is a time to reassess your trading ,look at mistakes ,I have done this so many times on a day like this when I have been wrong. Nav take Jims advice and trade the Daily and your stress levels will ...

Cable Update (GBPUSD)

Really Jim I would love for that to happen to help my friends out here. Im thinking profit taking may happen if 144 is the target ,but if it is not on such a bearish week we may neeed to go further for the shorters to stand down. Its great your here ...

Cable Update (GBPUSD)

Looking at the no wick to todays daily top and size of the bar I doubt it would go 200.

Cable Update (GBPUSD)

Agreed BB if we can get up above the 200 mark in 1 hour 20 min the 4hr might mark the end for us. Im not in just observing,lol

Cable Update (GBPUSD)

Ok Im seeing that as the week low.

Cable Update (GBPUSD)

Wow it broke during the night when we were sleeping Nav,thats just sneaky,no time analise ,works calling for me,hope it goes up and makes a lovely long nosed pin ,for all those that are long. Catch ya laters

Cable Update (GBPUSD)

Well im thinking we got to test the range low.Got a small order there and any sign of bullishness I will buy. Market is at its weekly limit but with this kind of movement ...

Cable Update (GBPUSD)

But when I look at oil I see a real chance of a temporary bottom,a retrace ,profit taking,trend continuation Or maybe a pause for breath

Cable Update (GBPUSD)

Exactly ,lol

Cable Update (GBPUSD)

Exactly what worries me at this price is that is not evident id rather it fell a little more to give a nice candle to say that is the target.

Cable Update (GBPUSD)

LOL,yea im thinking its at a bottom im also thinking oil will rise in the next 24hrs same as you Jamie And the Eur-Usd

Cable Update (GBPUSD)

Heres my daily

Cable Update (GBPUSD)

Ill be buying at 9412 if we get there tight SL

Cable Update (GBPUSD)