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micho replied Sep 8, 2008i think it will be good to sell at 1.7722 but you gotta wait a little more to confirm
Cable Update (GBPUSD)
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micho replied Sep 8, 2008you'll never know really, if it breaks 1.7760 then the tendency will be up again for a small bounce
Cable Update (GBPUSD)
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micho replied Sep 8, 2008now there is a trailing stop which is 1/7760... if it holds then the tendency is to touch the target
Cable Update (GBPUSD)
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micho replied Sep 8, 2008if 1.7843 holds the next target would be 1.7643 i am not saying that it will reach there.. if the 7843 holds then the tendency is to reach the target there before any move up

Cable Update (GBPUSD)
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micho replied Sep 8, 2008next target 1.7714, didnt see that signal coming off the 38% of the 1H fibo hehe was quick
Cable Update (GBPUSD)
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micho replied Sep 8, 2008i monitor 6 time frames as well. 1D is pure downtrend 4H is a downtrend but MACD divergence 1H is an uptrend that has retraced to 61% 15M is a pure downtrend 5M is a pure downtrend 1M is a pure uptrend So it all depends on which trend you are ...
Cable Update (GBPUSD)
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micho replied Sep 5, 2008again missed the quickie long from retracement to extension, should have looked at the 1 min chart to go with it but its okay. these are small quick trends that should be followed with lower time frames
Cable Update (GBPUSD)
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micho replied Sep 5, 2008it all depends on the time frame you are looking at. 1h , 15m, 5m now are long but no buy signal yet, maybe at the hourly close. 4 h, 1 h are short so probably a buy on the dip target 1.7740 again but it all awaits the next moves.
Cable Update (GBPUSD)
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micho replied Sep 5, 2008thats somehow a risky trade, but you had better entered at 1.7740 on the first extension of the 5min fibo
Cable Update (GBPUSD)
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micho replied Sep 5, 2008yes but you have to look at the 1d 4h and the 1h for the signal, not only one chart
Cable Update (GBPUSD)
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micho replied Sep 5, 2008HAHAHAHA yeah but the 5m 15m and the 1h charts were waiting for a long signal confirmation. too bad the trend was too strong to retrace...
Cable Update (GBPUSD)