USDX is at an interesting spot. I was looking lower too, but the thrust candle breakout on December 12 had to take out this last resistance area. (where price stopped as current support) so is a valid reversal area too (perhaps temporarily). looking ...

Cable Update (GBPUSD)

days like this not much to talk about. we ran up to the weekly resistance and covered the W ATR yesterday so personally working smaller TF 20-30 pip trades today, (which demand more focus and aren't worth posting about). but this has been a great ...

Cable Update (GBPUSD)

EU once below the DP 3046 area, 2900 looks good. Should carry us along. the 4H 3100 support needs to go first.

Cable Update (GBPUSD)

currently flat all USD based positions. price has a lot to work out in this area. if the recent move up was just a PB for the longer term downtrend there's not a lot of headroom here. wait and see mode.

Cable Update (GBPUSD)

updated charts — excellent week so far. hope everyone's trades are going well. url

Cable Update (GBPUSD)

we haven't had this impressive a weekly bull candle in months. it's a good start. taking out 5800 on the monthly would clinch it. have a great weekend bro!

Cable Update (GBPUSD)

url

Cable Update (GBPUSD)

next targets

Cable Update (GBPUSD)

cheers! I'm not big on bells in the morning either, but this one I don't mind a bit. ....except now everyone else is up here too. have a great weekend mate!

Cable Update (GBPUSD)

congratulations! rofl it's 6 AM here.... my alert just went off. I didn't think we'd hit the MP until next week. right under the wire for the weekend!

Cable Update (GBPUSD)

take a look at the weekly chart I posted. USDX hit 80.0. 5500 is 50% of the May 2010 low and May 2011 high, it won't go in one whack, so we should PB a bit or even reject here, have to take it one step at a time. I'm short to the DP, take it from ...

Cable Update (GBPUSD)

weekly fib chart

Cable Update (GBPUSD)

when I cross my eyes the trendlines get all screwed up. we hit the W H1 resistance area here, which may take a bit of work.

Cable Update (GBPUSD)

that's why we keep our axes sharp! WR1/R1 and counting. MP coming in range.

Cable Update (GBPUSD)

you too! we may be forming a longer term bottom (which is like trying to turn an aircraft carrier). they usually take time. off for a bit before NY.

Cable Update (GBPUSD)

A lot's going to depend on the outcome of the Greek debt swap talks. If they reach an accord, we could see a nice move.

Cable Update (GBPUSD)

we had the 80.31 support test on usdx now and EU challenging 2900 resistance. so it's set to drop a bit here. but you're right, until we see the US unemployment numbers, not expecting a lot.

Cable Update (GBPUSD)

remember the good old days when London open used to do something besides flop around in a 40 pip range? I'm out of here. GL w/ your trades everyone.

Cable Update (GBPUSD)

lower TF intraday, we may test the DP at the Daily LTL area we broke through yesterday before a move up (that's my near PB target) But if the DP goes, then we test yesterday's low S1 next. Right now we're just consolidating around the open with 5420 ...

Cable Update (GBPUSD)

url 5445 8/8 is close enough. nice. it's the way I'm doing it at the moment too while we're sorting direction. right now if I can take 30 pips a day to cover expenses, I'm happy. (no pressure and more time to play! ) when we look at where we ...

Cable Update (GBPUSD)