I probably should have done the same instead of weathering the storm. Let me know what your take is on the direction from here. We'll compare later.

Cable Update (GBPUSD)

I was out of the long side and shorted really early, 4307. Absolutely no confirmation. Thankfully, my lesson learned came with no loss. Im short now from 4350 area, taking some off at +50 and letting the other two ride down.

Cable Update (GBPUSD)

Sofia it was a scary ride...

Cable Update (GBPUSD)

Nope =)

Cable Update (GBPUSD)

On the way down we have a 15 min 200ema and a 4 hour 21 ema. That's about unless we run into some support around 4215/30. Below 4275 we're bearish for today. Hourly 55ema as well.

Cable Update (GBPUSD)

Morning everybodyy. 1.4440 was a 38.2 fib, just above R2 (with accompanying bearish divergence), monthly/weekly pivots around 4450 area, 61.8/78.6 zone and a failed break above the daily 21 EMA. We just popped back up to a 50% retracement and 15 ...

Cable Update (GBPUSD)

I have R2 at 4411 and a 61.8 fib @ 4409.

Cable Update (GBPUSD)

I wouldnt doubt some substantial institutional supply in the 4400/20 area. Also, eur/gbp rallied off of a support level and I have noted decent correlation recently with G/U. I can see some short targets into the 42's.

Cable Update (GBPUSD)

First of all, FINALLY some selling. I hate drawdown. We topped at the daily R2 and 61.8 of 4590/4090. The fib projection of this is 1.3785! As I said, there is some notable divergence on MACD on higher time frames for the USDX and G/U. I would rule ...

Cable Update (GBPUSD)

R2 and a 38.2 for somewhat of a downmove now

Cable Update (GBPUSD)

The hourly, 4 hour and weekly are all diverging to the upside. I mentioned this earlier. I should listen to myself more lol

Cable Update (GBPUSD)

If this play out, what could we expect for a profit target?

Cable Update (GBPUSD)

Beautiful entry .. I got too excited on the way up to wait for 50! lol

Cable Update (GBPUSD)

The 1 minute MACD is starting to diverg, thats my initial indication to short ... even though I did so about 40 pips back haha I have a good feeling about this.

Cable Update (GBPUSD)

I honestly dont know why the big dogs in london wouldnt short soon.

Cable Update (GBPUSD)

You, myself and sofia!

Cable Update (GBPUSD)

In case anyone wonders why theres alot of short talk... First off theres a gap. A 50% retracement level @ 1.4348 Daily R1 pivot @ 1.4328 Hourly 200 EMA @ 1.4332 4 Hour 55 EMA @ 1.4342 This level is begging to be shorted. A strong move above 4350 and ...

Cable Update (GBPUSD)

(im in also at 4307..shhh) lol

Cable Update (GBPUSD)

Be careful, you are long after a period of buying right into a level where its clear that there are more sellers than buyers.

Cable Update (GBPUSD)

Stuck right below hourly 200ema and 4 hour 55ema.

Cable Update (GBPUSD)