Thanks Bro. Sorry couldn't help myself, I think I need forex help. I have a baby coming monday and I can't stop. Anybody else been in this situation? My wife is not terribly happy but is understanding. My lines as I see them and target. Cant believe ...

Cable Update (GBPUSD)

5140? My 61.8 is at 5480.

Cable Update (GBPUSD)

Late price action off 61.8 retrace is very temping/suggestive

Cable Update (GBPUSD)

Hey Pound Trader, Do you think it will be a longer term up trend or just to the 50 fib level around 5590?

Cable Update (GBPUSD)

Hey Fontu I agree, all of my momentum indis for every timeframe upto and including the monthly tell me to short. I think next year will send us to 42 area and possibly further. My other system tells me we have a decent chance of reaching 5590 first ...

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Anyone think festive feelings may take us towards 5590? At work right now so can't see charts.

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Nah dude, line were just a cluster F... Made 150 of manual lines. Seems to me she might be ready to go back up to eventually get 5589 or so. Not at chart so not positive on this. Major TL intersection bottom left still in tact.

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Those were the days

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Wife snoring like a freight train, can't sleep

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Ok just back from watching a really bad B grade movie. Thanks Nav and BB King. I guess I have relied on them so strongly (particularly as hints in directional change from higher time TL across a lower Time TL for swing trades and they so often offer ...

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Im just curious, if trendlines are not too important, why are so many people here and elsewhere using them?

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Yes I agree, looks like a good set up for trend continuance. I have made my money down to my target, placed 4 trades for 25 pips back up and added 15% to account. Will watch things closely now.

Cable Update (GBPUSD)

But theres about 100 more pips to be made today. Have fun.

Cable Update (GBPUSD)

Target 5490, where I will be looking at price action for a buy off the 50% retrace and lower trendline point targetting 5585

Cable Update (GBPUSD)

to the lower red trendline

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Hmmm, looking at a long opportunity from 55-5510 up to 5580. On phone sorry no chart

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adjusting TP 5519

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Sold 5538, TP 5512 for an Asian scalp

Cable Update (GBPUSD)

In either case, we seem to be in agreement with direction. Notice intersection of trendlines near 5590 is in confluence with resistance and 50% fib.

Cable Update (GBPUSD)

With close observation, you will notice price action, respects/creates trendlines.

Cable Update (GBPUSD)