4510-4525 is where I expect a bounce and possible long.

Cable Update (GBPUSD)

I shorted 4581

Cable Update (GBPUSD)

I am favoring up now. Looking to long again.

Cable Update (GBPUSD)

Yeah. Trade lasted 5 minutes. Got out for +30.

Cable Update (GBPUSD)

Re-tracement time. Took 90 total on the move.

Cable Update (GBPUSD)

Re-entered at 4537

Cable Update (GBPUSD)

Next trade plan is a break out and re-test of current level with a tight stop. Current level (4535) is daily pivot, 38.2 retracement from yesterday high and former support/resistance.

Cable Update (GBPUSD)

Longed a break and re-test of the trendline at 4463. Closed +60 See next post for next plan.

Cable Update (GBPUSD)

This one stopped BE earlier. Went long again 4480 TP = 4520 SL = BE

Cable Update (GBPUSD)

Coming up on the NY close. We are both in the money! See you guys tonight.

Cable Update (GBPUSD)

Thanks man. I dont trade the dragon but I thought Id give my two cents!

The WoRmHoLe

HAHA! .. Similar seen on G/U, bullish divergence. I am long G/U currently so all the power to us!

The WoRmHoLe

But yeah, heres my view. Of course, on the daily we made a lower lower, no doubt about it. Thats a sign that medium term we may be getting bearish. In regards to the DOW, again, energy shares are down. Increase OIL supply = decreased price of oil ...

Cable Update (GBPUSD)

hahah! I like to joke, please don't take those comments to heart!

Cable Update (GBPUSD)

DOW is down on energy shares. Oil supply was > than expected. Key are the banks.

Cable Update (GBPUSD)

Hit a 61.8 and PA on the 1 hour dollar index turned bearish. And I am not your dear

Cable Update (GBPUSD)

Hit nice support. Beyond that and a break of the line is in play IMO! PLUS MACD bullish 1H and 4H divergence. Could see some upside.

The WoRmHoLe

Right now I'm betting it will go up. But either is possible. As you can see, I favor up. And I have a another reason as well based on correlations with USDCHF.

Cable Update (GBPUSD)

Long taken on small pullback to 4480 after moving out of the trendline. Entry 4480 Stop 4465 (15) T1 4440 (60) T2 4600 (120)

Cable Update (GBPUSD)

I love this system! Thanks for the hard work and sharing of it! I have two trade ideas for GBP/USD based on USD/CHF and EUR/GBP. Both say long GBP/USD. What do you think?

Pair Divergence Method