6580 seems to be the level to get an hourly close above. we're coming up on the close of US equties in NY so I dont expect much. Its a big news week so as we progress things will become a bit more clear.

Cable Update (GBPUSD)

Watch this too url

Cable Update (GBPUSD)

No idea then. I dont hedge, all you do is lock in losses.

Cable Update (GBPUSD)

close them both in profit if you can. hedging is not a very good game to play.

Cable Update (GBPUSD)

Very good video for pivots. This is what got me started. url

Cable Update (GBPUSD)

Since I've been trading strictly with pivots I use 00:00GMT and never adjust it. If they calculate and I dont like what I see, I try and ignore them. When in doubt, use simple support and resistance. When these line up with a pivot or fib, =)

Cable Update (GBPUSD)

On the 5 minute each time it came off this area is made a higher low.. Should break here soon and shoot up toward 6600

Cable Update (GBPUSD)

Yeah long/short for two weeks now until the range falls apart. Longer term I am still bearish on this pair. My short term bias changes on the fly since I like to trade all day.

Cable Update (GBPUSD)

Ya i like to watch the candles around the pivots, especially the 1hr. First hurdle up will be daily R1 at 6597. And to those of you complaining about everyone wanting to short, we are thinking of doing so since we are near the top of a range, and ...

Cable Update (GBPUSD)

I've actually placed a short order at 6590. Ill risk 50 pips on it (stop at 6640). The sell off was quite large last time 6600 was flirted with. Above 6600 I expect 6636 area to cap for the day. I'll be back in a couple hrs.

Cable Update (GBPUSD)

Yeah with no significant news, other than a surprise or two, should be a technical day. On days like these such moves usually occurs according to pivots.

Cable Update (GBPUSD)

Based on the pivots theory, todays move began from the daily M2 pivot near 6443 and this forecasts a move to the daily M4 pivot at 6636. This will still be within the limits of the range so I will look to sell at 1.6620

Cable Update (GBPUSD)

Ya this range did my account well the last couple of week. Its clockwork .. buy near 6200, sell near 6600. With proper stop you're protected against a breakout!

Cable Update (GBPUSD)

I will be bullish above 6660.

Cable Update (GBPUSD)

I am still bearish. No significant break/close above the weekly 38.2 fib from 2.12. Looks like it may roll over. At 4-hr channel resistance. I wouldn't rule out a 6100, 5800 or even a 5350 test before the end of the summer.

Cable Update (GBPUSD)

Bearish MACD divergence on the 1- hour chart against 6580. Could catalyze another move down to 6200.

Cable Update (GBPUSD)

An almost 3k profit on a sunday. Good for you! .. Expect a bounce near 6440... 38.2% fib and Daily M2 pivot.

Cable Update (GBPUSD)

Lion, did you get a fill on this trade? Nice work if you did.

Cable Update (GBPUSD)

I agree .. its within the range still and 6400 is a 50% from the current rise up. Keep up with the range game until you are caught in a breakout down or up!

The Experts Zone: GBPJPY

I held a short over the weekend at 6515. My target is 6450.

Cable Update (GBPUSD)