watching 6260.. not only DP but also otherwise an important level (Jun 22 peak broken yesterday) ..if eu falls off the 4380 cliff this lvl may not hold, let's see. but the euro is indestructible so question is if we ever see the DP.

Cable Update (GBPUSD)

well everything now depends on if and how deep eurusd tanks now.. this was not the final push up.. if 4380 holds in eu, 6260 might be good for cable longs.. if eu drops below, 6200 could be fine entry station, even 6170. deeper than that = danger

Cable Update (GBPUSD)

Steve, same here. sweet dreams. bailed out +6p before a sure be stopout eurjpy capping eurusd capping everything else deep pockets cashing in profits now oh i really love those frankie/london shakeouts, i hope to get a better long entry at least.

Cable Update (GBPUSD)

LOL for me it was the way eu consolidated, slowed down and bottomed in m5. i watch (and trade) eu instead of usdx, it's almost the same thing just inverted chart.. gone long eu as well that was planned but taking the cable was reckless

Cable Update (GBPUSD)

i'm an undisciplined muppet. took a small long @6302 sl 6286 target 6369

Cable Update (GBPUSD)

well it depends on the view.. i didn't mean bull/bear land, i just can't lean on anything here in this area, it's a midpoint for me.. too expensive to buy, too cheap to sell.. but selling here can be a perfect trade - i don't argue, it just doesn't ...

Cable Update (GBPUSD)

best of luck i'm not game to take a trade here.. no man's land.

Cable Update (GBPUSD)

good morning and gooood trades to all! nothing in way for bulls until cca 6375 where potentially very strong supply could kick in. This zone extends to cca 6430 - appears to be top of our brand new 4hr channel as well (if i drew it correctly). This ...

Cable Update (GBPUSD)

nevermind, you have banked very nice pips too Bernanke testimony in half an hour.. if he mentions QE3 we could skyrocket even more.. i'm off for the rest of the day, GL to everyone! Careful with shorts (!!)

Cable Update (GBPUSD)

closed @6259 +133p bulls haven't won the battle yet but as we broke out of the wedge on daily, we might have a nice channel on the 4hr now, let's see if it holds:

Cable Update (GBPUSD)

it might be just a pullback and continue south, let's see. 6180 is a fine target.. i'm leaving it open for now. edit: as human traders perhaps off board (holidays), algos are painting really nice pictures for us.. maybe NY will bring some life into ...

Cable Update (GBPUSD)

perhaps closing of long positions in eurusd could do a lot (eurusd accounts for >50% of the dollar index).. i don't know if some news behind it but i think it's simply greed and fear.. bulls welcome this, they will reload longs at better prices if ...

Cable Update (GBPUSD)

i'm in both..

Cable Update (GBPUSD)

sensitive area and time of day. if frankfurt pushes the price somewhere, then london almost never continues right away.. mostly they revert the direction, sometimes completely, but very often just for a short time to get the price to more reasonable ...

Cable Update (GBPUSD)

sold 6191 but risking 6 pips only.. edit: half closed +10 other half stopped @be

Cable Update (GBPUSD)

yes maybe today cable cuts its gordian knot, so far we're trapped inside the 400pip upmove. nobody knows what happen next and i personally will probably stay aside today. but if i had to place a trade (trade or die) it would be a long... not now but ...

Cable Update (GBPUSD)

we have touched that supply (resistance area) for 4th time, reject perhaps not so powerful how it might seem from the chart.. recent drop caused apparently by chinese data surprise but shorts could go well until 6100-611x. i'll watch for pa in the ...

Cable Update (GBPUSD)

No, i just marked the 6065 lvl with a line before then placed the order so it's the usual hash #3472364blahblah buy && horizontal line confluence

Cable Update (GBPUSD)

yea i'm 6065.. nn these are just plain horizontal lines (manually plotted).. the ea is a development in progress and has nothing to do with trades or with anything on the charts.

Cable Update (GBPUSD)

Had to go away, placed a buy limit again, sl 6046.. filled this time. Same boat, just saw it as i posted

Cable Update (GBPUSD)