ok.. but consider also that what can't go down now, can go down later.. thats what the market showed quite a number of time if you know what i mean.. hehe

Cable Update (GBPUSD)

i think the coming 4 hour candle has a lot to say..

Cable Update (GBPUSD)

i honestly think 5400+change would be the high of the day. the daily candle opened below the 55 ema and the 10 is looking down now. add to that the confluence i mentioned in a post above on h4.. cheers

Cable Update (GBPUSD)

hmm.. or is it finding momentum for a test north?

Cable Update (GBPUSD)

wow.. its already trying a break south..

Cable Update (GBPUSD)

this is sort of a status comment: decided i am not going to my day job today and sit back and enjoy trading and chatting with you guys.. imagine what type of stresses that would make a guy think that trading forex would be the relaxing thing.. i am ...

Cable Update (GBPUSD)

yeah.. the mentioned emas are on 4hrs

Cable Update (GBPUSD)

ok.. lets do the short commentary.. seems the price is blocked bu the confluence of the 10 and 200 EMAs and found a tough res.. not to mention the bear trend bias and the close proximity of the round and juicy 5400.. my take at the current state is ...

Cable Update (GBPUSD)

hmm.. looks like attempt to point things back to trading wasn't very successful

Cable Update (GBPUSD)

here is my view again..

Cable Update (GBPUSD)

i think we should try to keep the fight between bulls and bears to the ring! which should be the market... not the thread u guys.. besides bears here have targets to achieve this week, perhaps in the coming 48 hours. while bulls are looking for ...

Cable Update (GBPUSD)

xe showing 5356 my closing was at5360.. 4 pips.. lets see where it opens.. i just hope i can keep myself awake until then.. half an hour seems like a day to me at this stage.. was a long week with no weekend for me and this week may be even harder..

Cable Update (GBPUSD)

i wish it was Tuesday already...

Cable Update (GBPUSD)

by general direction, i meant the direction of my red arrow and not the direction of the retracing channel.. which is the same direction you are pointing to after the triple top on the chart you supplied but on a slightly tilted manner cuz of the ...

Cable Update (GBPUSD)

This is what I see "at the moment" Excuse my Elliott if the numbering is off. I am still practicing the darn counting.. !! Oh and don't start with the clutter...... image

Cable Update (GBPUSD)

In all cases 1.52 is just a day's worth of south movement away using recent atr. So if not Monday, then Tuesday perhaps. And that is where we examine the strength of cable bulls and the USD basket in general for a plan further. I just hope you are ...

Cable Update (GBPUSD)

But of course.. Completely agree. I was just adding a dash of humor to the thread! that's all. I am like that when in stress.. My day job is the CEO and owner of a software development company.. and to make things worse, we're starting up too.. So ...

Cable Update (GBPUSD)

whats the spread now on your end?

Cable Update (GBPUSD)

Thanks buddy. Its my pleasure to be liked...

Cable Update (GBPUSD)

Thanks Eitan.. you are a cool person yourself.

Cable Update (GBPUSD)