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    • Infinity replied Aug 21, 2008

      It seems the previous swing high of 8785 held for now. I closed my long at 8770. Will look to reenter lower... 8680 does look possible as the 15m 50ema is there.... lets see how the london close goes...

      Cable Update (GBPUSD)
    • Infinity replied Aug 20, 2008

      As I said, if we make a lower low, then it is likely to continue down but at the moment, I am seeing triple bottom with higher lows in oversold conditions. If it tests the bottom and it holds at a higher low, it will be a good sign...

      Cable Update (GBPUSD)
    • Infinity replied Aug 20, 2008

      Just like everywhere else in the world, there is a good side and a bad side. It sounds like you were somewhere in between.... Anyway, my daily just closed and I see potential for a good long trade forming as long as we don't make a new low. Based ...

      Cable Update (GBPUSD)
    • Infinity replied Aug 20, 2008

      Welcome to the thread. My method is based on different indicators but basic price action is the main weapon in my arsenal. I use moving averages (5,10, 50,62, 100, 200, etc), trend lines, fibs, stochs, Macd histo and candlestick patterns on ...

      Cable Update (GBPUSD)