Yes Interesting huh. Maybe we aught to get into gold. That bit of information helped me to react to the movement quickly. Also that news and itme's analysis helped me to pick up 168 pips on gbp/jpy.

Cable Update (GBPUSD)

If you go to james 16 chart page 105 and posts 1568 and 1569 you will see why they were looking at a long position for gbpusd. I found it interesting.

Cable Update (GBPUSD)

Came with in 10 pips of the 382 retracement of the high and low of today.

Cable Update (GBPUSD)

gbp long??

james16 Chart Thread

Read James 16 forum and you may want to consider joining. He has been trading over 20 years and has a lot to share.

Cable Update (GBPUSD)

Looking It over thanks

james16 Chart Thread

Thanks

james16 Chart Thread

When I say lower close I am talking of the previous day. Does it have to be a lower close then the day's opening?

james16 Chart Thread

Another dbhlc this one on the UsdJpy.

james16 Chart Thread

Get a reversal from the uptrend?

james16 Chart Thread

Its with in 2 pips of each other on this chart and on my FXCM one it is with in 3 pips.

james16 Chart Thread

Too Late To Jump on this one are is it just getting started?

james16 Chart Thread

actually I need to correct myself on the weekly pin in order for it to be a weekly pin it would have needed to higher then the previous week. I followed up with it on James 16 thread and thats what I came up with. So I stand corrected.

Cable Update (GBPUSD)

Habeeb did the pin bar form on the gold?

james16 Chart Thread

So your saying with the pin on the UsdChf showing a possible downtrend and gold doing what habeeb saw we could be seeing GbpUsd move up?

james16 Chart Thread

When I say playing out that does not mean it is letting up. Meaning the first day of the week is playing out according to the weekly pin which is indicating a continual down trend.

Cable Update (GBPUSD)

Notice the pin bar on the GbpUsd weekly and so far it has played out with with an open of 9527 high of 9577 low of 9423 and a close of 9475 a 154 pip drop.

Chart Of The Week

Seems like the weekly pin on the GbpUsd is playing out.

Cable Update (GBPUSD)

your saying do divergence on the 4hr chart

Price/CCI Divergence Indicator

For the last 4hrs opening and closing around 1.9562 Daily Fib of .382 and 1.9565 weekly fib of .382. Seems like a nice pivot point for up or down.

Cable Update (GBPUSD)