I think i was wrong earlier today, no more bearish juice left, and it JUST sliced through the weekly and daily pivot, 500 and 600 coming soon!!

Cable Update (GBPUSD)

short term is what i'm talking about... i would just be very wary to take a long right now.

Cable Update (GBPUSD)

We shall see, I think it is still going to make a move down another 200 pips, so long right now would not be the best time.

Cable Update (GBPUSD)

you people are crazy going long.. gpb/usd has been trending down the past two weeks and i believe will continue that trend, at least the technicals point to that... good luck!

Cable Update (GBPUSD)

lots of bearish signs... 200 and under may be coming.

Cable Update (GBPUSD)

g'nite all, and good luck, i hope it moves up, as i have a long trade open

Cable Update (GBPUSD)

http://www.forexfactory.com/calendar.php

Cable Update (GBPUSD)

It broke through it's range relatively easy, and has not tested it much, yet, so we may see a nice up move today.

Cable Update (GBPUSD)

Got in right before the quick 50 pip spike, S/L set at +10 pips now, target 2.04

Cable Update (GBPUSD)

url This is also a bit of a a different approach, take a look at it.

What do you think of Risk/Reward ratio?

It's all completely up to you and your trading style. you may trade short term and aim for 60 pip wins, while risking 30 pips, that would be 1:2 risk/reward. Or you could be a long term trader and risk 200, and expect to get 800+ over the next ...

What do you think of Risk/Reward ratio?

it's all just noise people

Cable Update (GBPUSD)

It's sitting at a VERY strong point of support right now, still testing it with no luck. Glad to see my guess at 350 and below came through yesterday :

Cable Update (GBPUSD)

406 is a longer term 50% fib level, and price usually overshoots the fibs a little bit. not to mention 350 is already a point of support, and round number.

Cable Update (GBPUSD)

I see GBP falling.. 350 is nearing, maybe lower.

Cable Update (GBPUSD)

most likely not. I am young, and have grown up in a "digital" age. The only way of "seeing" the market is through charts. Not to mention I am an extremely visual/technical person by nature. I don't use "indicators", I just need to "see" price and ...

Trading Blind

Also just barely touched the 61 fib and went back up, with no resistance at all, so we will see if this is a good support point.

Cable Update (GBPUSD)

Multiple bounces off 640 (perfect double bottom(s) as well) which is also a 50% fib level.

Cable Update (GBPUSD)

also, eur/usd has some good support at 4855 which seems to be holding

Cable Update (GBPUSD)

if it can close above 715 this hour i think it'll only go up.. 800+

Cable Update (GBPUSD)