I disagree. This is just a knee jerk reaction over some news report. Overreaction, I might say. Cable does not behave this way. I'm short at 9674.

Cable Update (GBPUSD)

There's an impending breakout soon but technicals are mixed. Current rate is 1.9634. RSI divergence is pointing down. A daily trendline break points up. The previous daily candlestick may also be showing a reversal from the previous bullish run ...

Cable Update (GBPUSD)

Uhm...weren't you waiting for the 1.9606? Sometimes, summer comes in late.

Daily Cable Analysis

what is it with numbers 444, 555, 666? hehehe Seriously, I'm shorting also. After the failed break of 1.96, I think we need to go down more first before the big bullish move.

Cable Update (GBPUSD)

No prob. Hope you made some pips.

Daily Cable Analysis

The BOE news later isn't a meeting. It's actually the minutes of their past meeting in which they kept rates at 5.25%. What everyone should anticipate is how the voting went. IMO, a 5-4 split in the voting will be bullish for the cable. A ...

Daily Cable Analysis

The news isn't actually positive for the USD. It's dollar negative from the inflation side of the equation.

Daily Cable Analysis

Precisely why I didn't hesitate to go long. I was kidding. My stops are actually far below. I can see this bouncing at 1.9675 for the meantime for going up. If it doesn't, then I'll let it be.

Daily Cable Analysis

Maybe I'm the only one here who is long right now. So what if I get stopped out?

Daily Cable Analysis

I understand we're you're coming from. But different strokes for different folks. What if they are succesful in their method because its suits their trading personality? What if they don't have enough margin in their account to go long term? You ...

Daily Cable Analysis

I thought 1.9685 was the retracement we needed before resuming upward move...or should we expect a lower low before uptrend resumes? Thanks.

Daily Cable Analysis

i didn't catch this move. where do you think is the possible level I can short this?

Daily Cable Analysis

I still don't understand why go long when it's all pointing down.

Daily Cable Analysis

It just broke trendline of Jan. 7 and Jan. 10 low.

Daily Cable Analysis

I don't know but this move seems to be bearish for me and expect it to continue til 1.9510-20. Everything is pointing down for me.

Daily Cable Analysis

where's the doji? — Hi monarch, good point on the monthly chart. I'm looking at the bearish divergence. However, I can't seem to see the doji you're talking about. Maybe we have different data feeds because my monthly candlestick opened at ...

Daily Cable Analysis

Was hoping for 667 but figured out 669 may be enough. Lucky me.

Cable Update (GBPUSD)

Closed my short at 1.9669 then opened long. Simple is beautiful..

Cable Update (GBPUSD)