Final post before Xmas. Just clarifying, a touch on lower plum TL will not constitute a retest of support unless it happens at the 61.8 retrace.

Cable Update (GBPUSD)

Yes for sure, I am only interested in a short if support has not been retested. Hoping Asia will kick in with some effort to line up my short early as it has been a very lazy and boring session lately.

Cable Update (GBPUSD)

Right thx

Cable Update (GBPUSD)

rbs?

Cable Update (GBPUSD)

Yes good point and watching Trend lines carefully. These are my thoughts. We attacked 54 with more momentum than at anytime since the GFC, but still failed to break. There is also some fresh short term hope coming out of Financial Europe (don't get ...

Cable Update (GBPUSD)

If we touch the plum TL, likely to get a retrace to 38.2 fib at the junction of 2 TL's, in which case yellow TL may be the go.

Cable Update (GBPUSD)

By the way, if we get a retest of the 55ema which correlates to the recently broken trandline, Ill be selling down to my buy entry point for a cool 60 pips or so. Will help me repay me mid-ship mates who lost their weekly wages because of me last ...

Cable Update (GBPUSD)

Hey, yes very clear, Doohhh. I am a part timer who still needs to work fulltime for my family. I work almost exclusively with TL's, fibs, 200 and 55 emas as this was my training. I have great respect for fellow traders attention to other market ...

Cable Update (GBPUSD)

New hope — Update

GBPUSD

Hey Mike, you are correct, the fibs not in direct correlation to 200ema or TL right now, as they are not always, but most pro traders watch the 200ema very closely and its correlation with TL's, fibs etc. See just left of mid picture correlation ...

GBPUSD

Just wished I'd waited a few hours more before bailing on my shorts darn it. Oh well, have a great xmas everyone, can still afford to be charitable

Cable Update (GBPUSD)

Sorry, driving right now, it's the cable update thread on interactive trading

GBPUSD

Market timing, fulfilling the trendline/fib,ema code. Check my TL chart with the 200ema on the Cable update thread and put on some fib lines. Computers control and regulate this market and it @#%* with our head.

GBPUSD

Typical, close me shorts for a small loss, go to bed, then this happens. Time to Beam me up Scotty? Not yet...

Cable Update (GBPUSD)

Dead On Arrival? ie. dead market when arriving at our screens?

Cable Update (GBPUSD)

My auto system has me flat for today, so watching my lines instead.

Cable Update (GBPUSD)

Bullish on green, bearish on brown, so watching the white and yellow

Cable Update (GBPUSD)

I hope so for you, I'm out and waitin' for the next move

Cable Update (GBPUSD)

Aaarrrggg, I'll be watchin' me battle lines then Nav.

Cable Update (GBPUSD)

It's dead in the water ya land livin' nancy boy "Aaarrrggg"

Cable Update (GBPUSD)