I agree. I am watching the day close before making another move. If we close below the 200sma, that would be a good sign... Yup....as long as price action is in agreement..

Cable Update (GBPUSD)

I think it will happen between today and tomorrow... I would love to see 9950 first though...

Cable Update (GBPUSD)

Starting to play out nicely.....

MW's trading journal

I doubt that.....However, whatever works consistently for you should not be discarded. There is an old saying... "if it ain't broke, don't fix it".

Cable Update (GBPUSD)

Trendlines are more powerful than a lot of people think.....if you draw them right..

Cable Update (GBPUSD)

I am not worried at all.... Hear mi now bredjrin, as I stated from last week, I am still bullish long term but I trade both ways on smaller timeframes. Last week's close is the basis for my short bias this week. I think we will go to the bottom of ...

Cable Update (GBPUSD)

I just saw the lightbulb.......you were saying.....?

Cable Update (GBPUSD)

Trade what you see bro, I will do the same.. bless

Cable Update (GBPUSD)

Based on the weekly, we could see this level very soon.... also,look at the daily.... I still think a close below the daily 200sma (currently 1.9951) will accelerate this move down... If 1.9905 is taken out, its on.....

Cable Update (GBPUSD)

Yo Warta, Everything is going great. The cable is has been my main pair for the past weeks. I only took about 4 geppy trades in the past 3 weeks. I hope all is well with you bro. Good luck to you this week.

Cable Update (GBPUSD)

That candle was good for 70 pips....

Cable Update (GBPUSD)

Your analysis is quite possible. This was what I was seeing but it is breached as a write this. I got 100 pips from this move and I am out for now. There is a lot of room to move down more on the 4h chart and there was weakness in the weekly chart ...

Cable Update (GBPUSD)

If you are not short already......hold your horses.....there is a trendline in this area 1.9950-63... cannot post chart now...

Cable Update (GBPUSD)

I just closed my short @ 2.0003. I am now flat but that day close will most likely bring some higher prices later on. Bless

Cable Update (GBPUSD)

I am starting to build short positions based on the last weeks close. I have a stop above 2.0150.

Cable Update (GBPUSD)

I hope you guys who went short are not feint hearted because the day close is very bullish. You should have stops in place as this could break upwards. I entered a short myself @ 35 and my first target is 1.9992.

Cable Update (GBPUSD)

Well you gotta love this pair . I shorted at market open yesterday for 70 pips and went long at 9910 and closed at 9992 (a bit early). I think we will see 2.0030 in the next hours. I may short there depending on price action.

Cable Update (GBPUSD)

Here is a day chart to consider...... Lower highs and lower lows since we hit 2.0150 Stochastic crossed and heading down Lots of room on the MACD histo for more bear Broke through 38.2% fib level and bounced from 50% (I expect a retest and breach ...

Cable Update (GBPUSD)

Yo Mk, I am doing great. I am not trading gj much though. I only took 2 gj trades this week for about 300 pips total.... EU and GU have been giving me most of my pips lately. Thanks for your concern bro and may the pips be with you... ...

Auslanco - GBP/JPY and GBP/USD (newstrade)