the monthly shows a downtrend from 2.11 since the year 2007. a 4 year downtrend

Cable Update (GBPUSD)

i am selling the gbp against the aud, as well as the eur against the aud.

Cable Update (GBPUSD)

Daily chart is a strong downtrend. the price has to close above the 23 fib and the purple 400 sma in the 1.5910 area before a short term bottom is in place. The odds are to the downside.

Cable Update (GBPUSD)

well said bbaker!

Cable Update (GBPUSD)

3 crow formation on the weekly chart is a bearish formation. Price is still below the aqua colored 100 sma.

Cable Update (GBPUSD)

well said. been there, done that too. we learn from the pain. I got stopped out overnite for a small loss.

Cable Update (GBPUSD)

thanx bro, I agree totally with your forecast.

Cable Update (GBPUSD)

I have a question for you guys. Is this a morning star reversal pattern on the daily chart?

Cable Update (GBPUSD)

Depends on the situation. I use small lot sizes normally.

Cable Update (GBPUSD)

i place my trades as close as reasonably possible to support or resistance with a stop outside the recent range. You can see on the previous cable chart that the stop is sitting outside the range. If i get stopped for a small loss, then so be it. ...

Cable Update (GBPUSD)

gbp cad is pulling back now after hitting downside target. Find the ranges and exploit them in a choppy trade scenario.

Cable Update (GBPUSD)

gbp/aud is sitting on support. i wont risk a sell at support

Cable Update (GBPUSD)

that's funny

Cable Update (GBPUSD)

I will risk a long gbp/usd to test the yellow trend line @ 1.5837 which would form a King's Crown reversal pattern. tp is 1.5830

Cable Update (GBPUSD)

also took profits on long aud/jpy and nzd/jpy

Cable Update (GBPUSD)

taking profit on long cad/jpy here

Cable Update (GBPUSD)

taking profit now on long aud/usd

Cable Update (GBPUSD)

gbp/cad short is about hit my tp

Cable Update (GBPUSD)

nice analysis

Cable Update (GBPUSD)

thanx. In the global long term situation the aud will hold it's value over the gbp. This pair pays about 23 dollars a day in swap interest for a full lot. A break even stop loss insures no risk of loss to principle. no reason to ever close my 4 ...

Cable Update (GBPUSD)