i just wanted to show my point of view. this is what i see on my charts and that's my strategy: elliott waves, fibo retracements and reversal patterns. now i think i see a short coming, but we all know price can go anywhere; that's why i have a SL ...

Cable Update (GBPUSD)

i disagree. see my daily/weekly charts for the reasons.

Cable Update (GBPUSD)

and this is the daily chart, so you can see the daily waves better (see the brown dots where i put arrows). we already had one down and one up; the next one should go below 1.9651 and it already started.

Cable Update (GBPUSD)

not long ago i promised a chart to justify my bearish view on cable (long term). here it is. it looks like a weekly wave down has just started at 2.0652. we had a nice daily wave down to 1.9651, then another one up to 2.0493 (0.854 retracement) - ...

Cable Update (GBPUSD)

wanna bet?

Cable Update (GBPUSD)

alright, i'm short long term. tp below 1.9650. however, i expect another rally to 2.04 area so i have a large SL. will post some charts when i come back.

Cable Update (GBPUSD)

i thought i was the only one on the long side. i believe what we see now is probably just a retracement, and then another rally. probably to 0.786 (244.28) or even 0.886 (247.46). only then we can think of another big fall.

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

i'm long on cable... to 2.0352 or so. will short it after that.

Cable Update (GBPUSD)

no, it's not just you.

Cable Update (GBPUSD)

you would think so... i'm thinking at the exact same thing, but I probably won't short it. previous swing's high (2.0442) has been broken - white arrow - so i would expect a retracement to at most 0.786 (IF that) - 2.0304; also, the price is already ...

Cable Update (GBPUSD)

basically yes, but don't forget that all those patterns mean nothing without a confirmation, and all this technical analysis means nothing when fundamentals are screwed (just like it is now for dollar).

Cable Update (GBPUSD)

no, of course you're not alone. i'm also long on medium term (i.e., h4/d1). but i certainly didn't expect such a huge move, it's been so long since news speculators have been out of the market.

Cable Update (GBPUSD)

someone's buying massive amounts of usd, i've never seen such a big move for quite some time. i wonder what would happen if a little bit later they sell more than what they just bought...

Cable Update (GBPUSD)

yes. i'd say a huge bearish move is coming.

Igrok Method. Q's & A's. Comments, thoughts and ideas

yeah. actually this is quite good for such a crappy trading range

Cable Update (GBPUSD)

how about now? i think the big picture is more clearly without all the other lines. price went higher, but not quite slightly: 1.272 slightly (see previous chart ). rsi made lower highs. just a comment: divergence is not the key here. the key is ...

Cable Update (GBPUSD)

i'm also short from 0475. it's 15 pips below, yes, but it wasn't a lucky choice and i added more shorts from 0420, 0430 (in this order).

Cable Update (GBPUSD)

thanks. i try to keep it as simple as possible.

Cable Update (GBPUSD)

here's the daily chart: - 1.272 fibo extension from last swing - OB - bearish divergence on rsi entry point for short is at green line, below yesterday's low. SL would be above yesterday's high.

Cable Update (GBPUSD)

long doesn't seem to be the right direction at this moment. there is a nice short configuration... daily chart shows a nice fibo pattern, so i'm short with a tight SL.

Cable Update (GBPUSD)