I'm contemplating shorts from trendlines at 1.9700 and 1.9780 respectively, depending on the PA and divergence after news. There is much risk on the upside, so if momentum is upward, I'm off to bed.

Cable Update (GBPUSD)

That'd be the best low-risk return on investment today I reckon

Cable Update (GBPUSD)

Anyone noticing the bullish price action? Lots of speculation and for the moment the uptrend seems to still be intact. Don't forget that the focus is on USD announcements this week. Weaving up and down the pivots makes me nervous - to me there isn't ...

Cable Update (GBPUSD)

Haven't you heard?? The forex is like the casino, take a punt!

Cable Update (GBPUSD)

Great observation, I like to call them "triangle waves" - the price goes up and comes down - forming a triangular shape, and to add-on to this, g/u adheres and moves from/to trend lines and S&R levels quite strictly too for its volatility. Right ...

Cable Update (GBPUSD)

all the best with it tho, hope you make the pips.

Cable Update (GBPUSD)

That's a pretty risky trade with price already near 2 TLs, be sure to keep your SLs tight. You can see many sellers already at 1.9700. I'm shorting on divergence between 1.9700 ~ 1.9750...

Cable Update (GBPUSD)

Quiet market kinda expected with little news to bring any significant price movements... which means - time to start formulating the next trade. btw, any UK folks can please give a heads up on your observation of the retail scene over there and what ...

Cable Update (GBPUSD)

Possibly low volume with movements in direction of the trend then. 8-1 hold of MPC meeting minutes should already be factored in upward/retracement move to 1.9550. Possible market speculation of GBP retail sales and USD unemployment claims and might ...

Cable Update (GBPUSD)

Hi there, what are the red/blue dots on your charts? Are those buy/sell expert signals or just your own note-taking?

Cable Update (GBPUSD)

down u mofooooooo!! downnnnnnn!

Cable Update (GBPUSD)

Short @ 1.9750 — Just wondering, anyone waiting to short at trendline at 1.9750 and any thoughts on that (do you expect price to cross trendline if CPI > 3.0)? Lots of news today, with eu, gbp and usd all in the picture. Personally, I don't ...

Cable Update (GBPUSD)

Right now too small movements to account for anything, I think once UK session starts, we'll start to see nice completion of retraces and breaking of key levels, bringing enough weight to signify the movements. Until then, it's very hard to gauge ...

Cable Update (GBPUSD)

Hi Orion, been reading your thread, I'm not familiar with gann analysis, but looking at the patterns of your recent plotted e/u charts, it looks like theres still space for e/u to move till 1.5800 before a possible upmove again, am i right?

Gann Analysis

Insightful post, where do you get it?

Cable Update (GBPUSD)

38.2% fib (1.9600-2.0029) at 1.9867 is holding firmly, rebounded cleanly, doesn't seem like its gonna pierce through... G/Y also holding above weekly. Price hanging in middle of BBands... i would hate to trade this, staying out. Based on ...

Cable Update (GBPUSD)

Maybe these predictions are completely random guesses (e.g. with ranges rolled by a dice or wild guesses within a lower and upper boundary daily range) and this thread is an experiment to show how random guesses are easily as good as FA, TA or ...

GBP/USD Updated with I-CHING Methode

Good call , always better to hold on to money you already have!

Cable Update (GBPUSD)

I am thinking we probably would be heading up as well - to 2.0000 first before exhaustion, and then have to re-look again. I'm no guru but we gotta take the whole picture in consideration, not just the GBP cuts. USD has been overall bearish against ...

Cable Update (GBPUSD)

interesting post, it seems that no matter whether hold or cut, the price falls regardless..

Cable Update (GBPUSD)