took a small short probe @6332 earlier, then added two more shorts. if this illusion proves valid then we might have a down channel on h1, hourly close may prove everything wrong but wanted to post asap for others to evaluate, GL

Cable Update (GBPUSD)

Hard to tell image I don't have any clue about what might happen next as we're in shadow of recent PA, small move up is possible, support found at the low of GDP news bar. Leaving a copy of my drawing board below with some obvious levels and ...

Cable Update (GBPUSD)

didn't follow own advice, hoped for a decent pullback, was very happy to close the long with +5p. Sorry for posting the same chart on and on but levels still valid, added a minor demand zone just above 6300, can imply a corrective bounce for ...

Cable Update (GBPUSD)

@home for a moment.. closed the 6434 short +102p and entered long 6332 few minutes ago, target around 30-40 pips or so, maybe i'll take ten, nothing more & definitely last trade for today.. , trend of the moment is down for me, plus we have this MPC ...

Cable Update (GBPUSD)

just quick note.. careful with longs, this can go deep (maybe! nobody knows).. see ya tomorrow, bye.

Cable Update (GBPUSD)

Long? — have to go, best of luck to all !!

Cable Update (GBPUSD)

Thanks Seems we have some bearish drilling channel here (m5).. I will like to see it broken before closing remaining shorts and going long.. I have some bear bias since yesterday evening.. time will tell.

Cable Update (GBPUSD)

nice i'm in investor mode today.. sell and hold

Cable Update (GBPUSD)

if dip, then possibly to about 6370 w/ some slip (6338ish?) then UP well.. pure speculation but recent observation: the TL is 'best fit'.. gets a fakeout almost always before a bigger move.. slingshot.

Cable Update (GBPUSD)

hi, same boat and i'm not gonna set BE stops today i'm also hesitant to buy here.. will watch 6360-6370, maybe there.

Cable Update (GBPUSD)

will they give up or not? — bigger picture and zoom

Cable Update (GBPUSD)

i'm holding eu sell @4520.. i don't know where pivots are today, didn't check 'em yet, LOL! re cable: i don't mind choppy market but if there's something i really really don't like on charts -- broadening patterns. arrrgh how i hate 'em. I give this ...

Cable Update (GBPUSD)

yeh i'm hoping for 6370 (and 4440 in eu - that could match) - could be a nice place to reload longs. i have already closed the ugly early 6416 entry. i don't expect a selloff though, more of a classic london whipsaw till NY, but i'll let a small ...

Cable Update (GBPUSD)

it's perfect to take 10 pips and get them fast. better than waiting for 100 a whole day and break even in the end. arrived in perfect shape GL + thanks!

Cable Update (GBPUSD)

this was a lousy entry but still keeping it and added to short, still risking 1.48% (limit is 2) double compression.. let's see

Cable Update (GBPUSD)

Aussie making new highs on CPI report, little impact on cable yet but it will be interesting to watch GBPAUD - possible test of all time lows & support below 1.48, break below or a bounce could have some impact here.. same situation in EU/EURAUD - ...

Cable Update (GBPUSD)

H4 chart update: zone adjusted as supply being consumed - there were two "top of each other" zones originating in June. Broken TL from May 2010 (black) being re-tested, i still see an ascending wedge ('compression' reaching for supply, very bearish) ...

Cable Update (GBPUSD)

Spot on I sold it - not the number but a clear 'supply touch' PA on M1 got me in... closed part at the channel TL, rest running with be.. decided whether to close at this point & buy, maybe a wrong decision but don't want to buy into ...

Cable Update (GBPUSD)

thanks BB, i will check this; i like MAs, usually i have the 50 on my chart in some form. Look at this: (M5) channel respected despite news bar from the very beginning of the move until now: possibilities: long entry around lower TL break down and ...

Cable Update (GBPUSD)

agree. stops would have to be wide, size small and even then it's catching a knife - strong bull across all timeframes and with those unresolved US issues, some gossip talk can spike us another 100 pips up in blink of an eye (not probable but ...

Cable Update (GBPUSD)