Its highly possible. I would love to see 1.25/30. We'll see how this stimulus bill plays out for the USD. I don't make projections at all, I just go with the flow and take positions and targets as I see fit. However, if we make a new low again ...

Cable Update (GBPUSD)

Or add me to your buddy list and msg me. We can talk later. Its very simple.

Cable Update (GBPUSD)

I'll put something together for you and post in a few minutes regarding a simple way to analyze trend.

Cable Update (GBPUSD)

Jammer im in from 4243 and 4249 short. Locked profit on both but I would like to see another test of 1.4130/50 as a target. Right now price is at the 50% of the rally during the euro session, forming a descending triangle at this level but the ...

Cable Update (GBPUSD)

below 1.4210 we can remain bearish

Cable Update (GBPUSD)

broke your line but i knew the move wouldnt be substantial

Cable Update (GBPUSD)

Dollar index is making new highs.

Cable Update (GBPUSD)

Slight divergence off low in DOW

Cable Update (GBPUSD)

This indicates a bullish setup. So I will treat it like one until 3 is taken out. Light blue line is the daily open line.

Cable Update (GBPUSD)

Well we are in what appears to be a range .. 1.4310 and 1.4125 give or take a few pips. There is also a flag forming, which in this case would be a bull flag so my preference now is the formation of a higher low above 1.4210, and then a pull back to ...

Cable Update (GBPUSD)

No, alot of traders use fib levels and extensions as profit targets or support.resistance

Cable Update (GBPUSD)

I just closed for +10 .. I only shorted on a fail of the daily open at 4290 and then took a sell on a pull back to 85. Theres not much here to work with.

Cable Update (GBPUSD)

Anyone short at 4285?

Cable Update (GBPUSD)

Could see some G/U weakness with the DOW off 200+ points at the open. Keep an eye on that. Obama signs the stimulus today as well. I am mixed for today as to what my plan is.

Cable Update (GBPUSD)

Closed for +23 .. +103 on the day .. Off to bed! I would long a retrace of that bounce.. London traders were waiting a retest of the low at support to buy, and they did. Good luck all.

Cable Update (GBPUSD)

I am looking to long on a fail to break below the low 40xx area.

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I caught the run down from 4190 and shorted again at 4160 as price retested the trendline. I am targeting 4110.

Cable Update (GBPUSD)

Plus we may very well see more sellers at 75/80

Cable Update (GBPUSD)

It is .. But its a valid entry. I sold at resistance. If it fails, I face a small loss compared to what I have gained on the day so far.

Cable Update (GBPUSD)

Re testing the daily trendline, took a small short at 4160, stop at 4180 .. Can afford to give back a few after catching 40 on the way down. Targeting 4110 (edit)

Cable Update (GBPUSD)