im short on cable from 1.5460 based on the fact cable is in a descending channel on the hourly with target 1.54

Cable Update (GBPUSD)

personally i would NOT give up my dayjob untill you've used your income from dayjob and profits from trading to create an alternative source of income equal to your dayjob, ie...property, stock dividends, investments... so if u earn $50,000 a year, ...

Should I become a full-time Forex trader?

can anyone explain to me when there is so much negative sentiment in the market, then why equitites have been shooting up with pratically no retraces...im looking at the DOW and it looks to be heading towards 10713 if not more, surely this risk ...

Cable Update (GBPUSD)

hiya all, an inside bar seems to be forming on the H4 chart, does this mean anything? how do you trade an inside bar?

EURUSD

hasnt a pinbar formed on the 30min and is currently forming on the hourly, wouldnt this mean short?

Cable Update (GBPUSD)

isnt frankie@ 7am as london opens at 8am, on 5min looks like a small bull flag to me

Cable Update (GBPUSD)

its still within the bearish down channel on the daily chart unless it breaks above 1.55...is there any reason for this huge upmove apart from taking out all the shorts

Cable Update (GBPUSD)

Where is the daily pivot today?

Cable Update (GBPUSD)

What are the current resistance levels and is a retest of 1.55 feasible or unrealistic?

Cable Update (GBPUSD)

how do i know whether this current breakdown of cable is not a frankie fake this morning?

Cable Update (GBPUSD)

the four chart suggests short still, hourly says back in range and stay short, but the daily chart shows regular divergence which indicates long, so that leaves me thoroughly confused, lol...yday traders were suggesting 1.5450 as a support from ...

Cable Update (GBPUSD)

That pinbar on the four hour is definitely suggestive off a short, if I'm lucky maybe all the way down to 1.53 over next two days...some of those spreadbetting companies don't have four hour charts or only backtrack a few days so u cnt get an idea ...

Cable Update (GBPUSD)

on the hourly chart (i havent got a 4hr chart so have no idea what that loooks like) iv got a descending channel which means 1.53 seems more probable to be tested, unless cable breaks free of the channel and goes on to test 1.56, but it has been in ...

Cable Update (GBPUSD)

thats what baffles me is that cable is not dropping, the UK isn't exactly a rosy picture, poor data lately, im a newbie but surely with dollar looking dire, europe looking shady, why hasnt money shifted into commodities, y is cable hanging on when ...

Cable Update (GBPUSD)

so the 38.2% fib of 1.53-1.5531 is at 1.5450, but why would cable bounce there and not lower at say 50% fib level? the daily still seems likes it in a bearish channel, so why is there reason for cable to bounce above to 1.5550 or even 1.56

Cable Update (GBPUSD)

id like to apologize to everyone today for being a dumbass, i clearly missed a few dojis on the 15min chart yday which would have signalled long on cable at 1.53...hence me being caught with my pants down with cable today, nothing like a loss to ...

Cable Update (GBPUSD)

So 1.5450 is first support and if it bounces up then 1.5540 or 1.5560, is that correct?

Cable Update (GBPUSD)

According to the news: 1) vodaphone disposed of something for 6.6billion so that could have caused the spike 2) and the house price increase of 0.2% but that happened today, nothing on the chart yday signalled long to me

Cable Update (GBPUSD)

I really don't get how yday some of us were seeing 1.5260 & 1.5115 as targets to today targets being 1.55-1.56, what has suddenly changed in the uk that we are so optimistic? After yday break of range I genuinely thought we'd be heading lower and ...

Cable Update (GBPUSD)

Unbelievable the cable this morning, believing cable was going down alongside the euro I got totally caught out and am waiting to breakeven at 1.54, or should I stick to my analysis that it's in a downtrend and retarget 1.53?

Cable Update (GBPUSD)