Way to ride it down. You have some major pips to bank now. I just woke up from a two hour nap and I was pleasantly surprised to see Cable down at my partial profit area. Banked partial profits here from some of my shorts yesterday at 13900, 13950 & ...

Cable Update (GBPUSD)

Banked pips are always good. Looks like 14000 is just waiting to be broken

Cable Update (GBPUSD)

14000 here we come. Lets see how it reacts there.

Cable Update (GBPUSD)

Way to go. I hope you get a nice ride up. I'll be watching.

Cable Update (GBPUSD)

Rest well. The markets will be here waiting for you.

Cable Update (GBPUSD)

Oh no 13900 AGAIN — I think they want to take a shot at the 13900 level AGAIN!!!

Cable Update (GBPUSD)

Interesting. Your lower trend line matches mine and I can see where the other two come from. The market is asleep right now and we'll have to watch to see if it is time or price that challenges your other two trend lines.

Cable Update (GBPUSD)

That works too. I like yours better because it has not been violated.

Cable Update (GBPUSD)

Technically a trend line needs three touches minimum to be considered valid as a trend line. If you move your trend line to touch the three points I mentioned, our trend lines will match up.

Cable Update (GBPUSD)

Mine is on both the 5M & 15M chart from the high 14892 @ 615am GMT 1/19 and again @ 14330 @ 600am GMT 1/20 and finally 2 14042 @ 1745 GMT 1/20

Cable Update (GBPUSD)

We are now above the Upper Down Trend Line on the 5M & 15M charts. Time to see if it moves up or comes back below the Trend Line.

Cable Update (GBPUSD)

Now I see what you are looking at but they are at different levels by 50 pips and we are hugging the earlier bottom level now. I think we need a 30 pip or more rally for me to feel a bit more comfortable about it. I'll be watching to see if it ...

Cable Update (GBPUSD)

Getting ready to bump the UTL — Cable is getting close to bumping into the UTL on the 5m chart around 13885. It has been valid since London opened on Monday. Will it hold now? Watching and waiting.

Cable Update (GBPUSD)

On what time frame do you see a double bottom? I only see the spike bottom in the 13810 area. We may very well get a retracement here and I'll be watching it for shorting opportunities. Good luck.

Cable Update (GBPUSD)

Answered my questions, maybe — Are we finally going to stay below 13900 for a while now? Certainly looks that way.

Cable Update (GBPUSD)

I guess the BEAR didn't wake up. It must have just rolled over. Let's let her rest some more. She'll need her strength later to move us to 1370. Unfortunately, it shows how cable can move 100 pips, either way, in just a couple of minutes.

Cable Update (GBPUSD)

Way to go. Great entry. Covered some of my shorts @ 13815 & 13825. Looking to add more shorts higher. Good luck and way to pick it.

Cable Update (GBPUSD)

Wow. Had some shorts still on but missed adding at the UTL @ 3940. May still get back up there soon.

Cable Update (GBPUSD)

Who woke the BEAR?? Come on she was sleep so nicely.

Cable Update (GBPUSD)

That's a 300 point rally. Would be a great place to short but have to get through the UTL on the 5m TF at about 1.393 then the biggie. The 1.4 psyc level. Stranger things have happened.

Cable Update (GBPUSD)