Check out the hidden bearish divergence on the 15 min RSI. I only see downside myself.

Cable Update (GBPUSD)

I know not many of the big hitters here use indicators much but when I see a descending channel within a descending channel and all major timeframe MACDs heading south, I pay attention. Personally I don't feel 5320 with withstand another assault. It ...

Cable Update (GBPUSD)

Guys we just had a bear candle yesterday with very little lower tail. It ended at the intersection of 3 trendlines. Spike up is a 50 percent technical retrace IMO nothing more.

Cable Update (GBPUSD)

Yep of course thank you Fontu, great work By the way

Cable Update (GBPUSD)

Back in the house temporarily until final safety inspection done. Thought this looked interesting. That 15min 200ema loves that trendline. Sorry Fontu, are you saying you expect more downside on GU before any correction at all? Just inquiring in ...

Cable Update (GBPUSD)

Actually 5540 good target.

Cable Update (GBPUSD)

TP 5545

Cable Update (GBPUSD)

TL, fibs and 1 hr 55ema tell me we are heading to 5559. Long at 5485 stop 5448

Cable Update (GBPUSD)

Me too

Cable Update (GBPUSD)

Does anyone else here use this indicator? Is it any good? Thx.

Cable Update (GBPUSD)

Hi Chillypiper, can I ask where you got your butterfly indi from? They get a lot of good press but for some reason I have never investigated it. Looks like would be a good confirming tool with trendline analysis. Thx in advance.

Cable Update (GBPUSD)

I wasn't actually a trader back then but would loved to have put a few lots on that weekly TL break before crap hit the stock market fan.

Cable Update (GBPUSD)

Am sorry to hear that Nav

Cable Update (GBPUSD)

Concrete cancer, moving out so building don't kill the wife, me and our baby due Monday. It ain't easy right but still making money. I see more downside to 52ish, seems a logical point to me considering price action and breaking weekly wedge.

Cable Update (GBPUSD)

To me, this has all the hallmarks of 2008. All Significznt MACDs down, weekly wedge broken, major TL broken. 52 will not be a huge effort I feel.

Cable Update (GBPUSD)

Have broken significant TL and support. Closed out 1 lot, holding 2nd until 61.8 retrace around 52 something. Hard to remember without a chart. Must get to a net cafe today.

Cable Update (GBPUSD)

Watching weekly wedge lines closely for clues. I don't expect anything this week by the looks of things. I am still in a hedged position from Friday, will add to it when my lines tell me to. Just waiting no fussing.

Cable Update (GBPUSD)

You mentioned you were with your girlfriend today

Cable Update (GBPUSD)

Never trade with a hard on, it gives you too much confidence.

Cable Update (GBPUSD)

Since I now have a bearish biase on cable I must admit those bullish dollar index candles want to bust north.

Cable Update (GBPUSD)