Plan is playing out. In at 4716. Stop at BE now. Ill post my target after 8pm.

Cable Update (GBPUSD)

Possible short trade setup. This is a 4 hour chart showing a divergence in MACD and OSMA after a bounce off a weekly R1 pivot. Confirmation can be taken on a break of the trendline but I am looking for either a pullback to 4700/15 to get ready and ...

Cable Update (GBPUSD)

A daily close below 4680/90 will strengthen a bearish outlook for the rest of the week... this is a 38.2% and daily 89 ema

Cable Update (GBPUSD)

same for me! waiting on a pullback and hopefully another short

Cable Update (GBPUSD)

GBP is only 11.9% of the index .. Eur has more than 50% stake in the index so it can be used with high certainty to trade along with the Eur/Usd .. But it also can help in longer term plays, combined with supp/ress on G/U and pivots .. thats how I ...

Cable Update (GBPUSD)

According to Wikipedia, the UDSX is 'a weighted geometric avg. of the dollar's values compared to the Euro, Yen, Pound, Cad, Swedish Krona and Franc. See this as well. ...

Cable Update (GBPUSD)

Open a demo here url

Cable Update (GBPUSD)

Hey guys ... Topped at weekly R1 and currently coming back below daily 89-ema. Here is the dollar index for you as well.

Cable Update (GBPUSD)

What i found odd was the rally in the DOW yet G/U fell. We have been seeing the opposite. Maybe some selling in the stock market will fuel more down side to a better long entry?

Cable Update (GBPUSD)

I was just looking at this too. Currently sitting on a 38.2 and hourly 55 ema.

Cable Update (GBPUSD)

The 4600/50 zone has now been tested about 6 times, the last being higher than the double top. The level seems to be weakening. If looking to take a long again, 4340 or 4240/60, whichever holds, and as low as 4140/50 with an upside target of 4850, ...

Cable Update (GBPUSD)

Hey guys... 84.00/84.10 is a key level in the dollar index. Currently closed above and retesting the H1, 55EMA Any one in a short could take some profit at 4435, daily M4 pivot. This move down started at M2 and we usually see M2e to M4 and vice ...

Cable Update (GBPUSD)

No trades for me this morning. A chart from DailyFX for you guys to think about, just found it. url

Cable Update (GBPUSD)

Leaving stocks for FX? Nice. I wish I had some money from a summer job. I really liked GE around 7$! Anyway, 4580 is daily R1 pivot. I am looking to short 4580/4600 as well. Targeting 4400 and 4380. There is too much support on the way down to ...

Cable Update (GBPUSD)

Hey guys... Here are a few Dow charts for you. Might see some downside based on the weekly. Ideally to the 7000 area before any sort of bounce up.

Cable Update (GBPUSD)

Good luck!

Cable Update (GBPUSD)

Which FTSE do you look at? I've only watched the DJIA since I trade during NY session. Would you suggest any other indicies to watch while trading G/U? It seems like if FTSE is up, GBP is up and vice versa? DJIA and the USD have been inversely ...

Cable Update (GBPUSD)

I agree with you. I am looking to short tonight into tomorrow/tuesday. This run seems to have found nice resistance at near 4600. 4400 is key for support now as well, so any short will have to be watched closely. For the short, I want to get in ...

Cable Update (GBPUSD)

You should be entering trades that require no more than a 30 pip SL.

Cable Update (GBPUSD)

Here's what I see and what I plan to do. First off, today I wanted to buy near 4360 but we did not make it there. Now to this chart. Cable made a higher low (green label) but failed to make a higher high just recently and also double topped. We are ...

Cable Update (GBPUSD)