Wedge update. — We have reached the upper TL and consolidating. It's a bullish pattern, serving bulls to get better prices and consolidate powers for further upside. It's a 'downtrend' within uptrend. 1st chart: current one. Note the momentum ...

Cable Update (GBPUSD)

Moody’s puts US on review for possible downgrade this agency sh*t is the ugliest thing at all. and they spill it out at the most illiquid time, causing sh*t volatility. fading the move.

Cable Update (GBPUSD)

Exactly fits perfectly to upper wedge TL tonight/tomorrow.

Cable Update (GBPUSD)

It seems Bernanke made some hints about QE3 possibility in his testimony. Anything concerned with QE3 makes the dollar move crazy, it's the most high-impact 'news' at all. I remember some weeks ago a huge 2-day drop that completely reversed later on ...

Cable Update (GBPUSD)

url ps. pls ignore the sell.. just scalping here stop @be already congrats to all bulls today

Cable Update (GBPUSD)

Thanks it also seems dips are bought but rallies sold as well.. looks like greedy bears aiming to sell the highest pip possible. Holy truth. I'll let the short stop at be or play out.. won't touch anything more today. Had a pleasant ...

Cable Update (GBPUSD)

Anybody knows if there's something fundamental supporting GBP bulls? Except the correlation - EU is in its default bubbles-in-soda mode again (no horror news for few hours).. but something pound-related? Maybe I have missed some rates gossip talk ...

Cable Update (GBPUSD)

stopped out @be on my prev short.. theory is nice but have to incorporate a stophunt fakeout radar into it re-entered short, red news in 20min. congrats to all who rode the rally from above 5910. GL to all.

Cable Update (GBPUSD)

Hi, the compression (as Red is calling this) is basically a rising wedge. it's supposed to be retested on break. I have no idea if this one will hold or not, i'm entering from inside the pattern; the break was very possible in this situation and ...

Cable Update (GBPUSD)

Supply & Demand Awesome threads here on FF: Price is Everything Romancing the Price Free webinars by Sam Seiden (they're all the same but watch them all, there are nuggets of gold inside): url closed half pos +30p possible buy zone around 5850 ...

Cable Update (GBPUSD)

let's see the way she breaks out

Cable Update (GBPUSD)

sold this area for the 2nd time now, 16p sl.. first sell closed +17. i still see possible downside, yesterdays candle could be hammering on closed door (support turned resistance).. time will tell.

Cable Update (GBPUSD)

could be a test only, daily close will give us a clue

Cable Update (GBPUSD)

hi, take a look at this url then take a look at daily chart (or see this post). Btw Nov-Dec 2010 there was a similar one.. broke to the upside on Jan 12th. There's really absolutely no sense in picking a bottom here, the trendlines (both are ...

Cable Update (GBPUSD)

bailed out, +19. i think development in eurusd will have much impact on updating the cable. no bull in sight yet but considering the fairly high degree of correlation in recent days, cable could return above 5950, perhaps 6000 if we get a bounce in ...

Cable Update (GBPUSD)

Closed 5887 long now, entered short 5920 sl 5942, let's see

Cable Update (GBPUSD)

Came back and just starring how wrong I was short - target met, long triggered but went straight to stop. Possibly there's still some bull food (January cluster) and a desperate attempt to keep this wedge going.

Cable Update (GBPUSD)

Evelyn, don't rely on anyone's comments or trade calls, especially not mine. I'm a newb just as you are. You must make your own picture of all this, see what does or doesn't work for you. Still holding the short and keeping the pending long, if my ...

Cable Update (GBPUSD)

k.i.s.s — will stop posting every trade here. this just for newbies like me: see how simplicity works and keep it simple st*pid and it will work for you too half pos closed +15, rest @be.

Cable Update (GBPUSD)

sold cable @6036 sl 6047 target 5988

Cable Update (GBPUSD)