I know - my problem is which ever way she breaks I can see about a million reasons not to take the trade - monthly pivot, the lows described by bbmac above etc. Where is your sell order set?

Cable Update (GBPUSD)

Morning BBmac Thanks for your analysis - I am amazed because for the first time, my own analysis has covered all of the points made by you! This is great - I am learning!!

Cable Update (GBPUSD)

I agree. I'm still out - waiting for a stronger move.

Cable Update (GBPUSD)

I'll be joining you at the close of these M30 and M15 candles.

Cable Update (GBPUSD)

Hidden positive divergence on M1, M5 and M10.

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Thanks! That's what so great about this place - you can pick up bits and pieces from people and then create your own system. Have a great afternoon!

Cable Update (GBPUSD)

Hello 4xstar What t/f do you use for trading?

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On what basis? Could you elaborate?

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I'm with you on that.

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Problem is, will I have lost the will to live before it gets there...?!

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Yup, lots to get through.

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So, the current area we are in 5635-ish is a support area from yesterdays resistance.

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Oh crikey - not sure my tiny girl brain could cope with that!

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Hey, UKsnowman - some light reading for the weekend?! Seriously, thank you - you can never know too much!

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Navin Thanks - I do use fibs, its just I had never heard the term 'momentum fib' before and I thought I must be missing an important nugget of information. Enjoy the afternoon!

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Hi Navin Can you explain what Cloggie meant about the 61.8 being a momentum fib?

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15624 - right back to where she started. Incredible.

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So annoyed — I got shaken out of my short with what I thought was a reversal on the M5 - posting HH & HL. Now look....!!

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Perfect play! Loving the 25EMA!

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Thanks for this - a different way of looking at things.

Cable Update (GBPUSD)