London's open? I thought it's in 5 minutes. So far just ping ponging around DPP. Let's see what they decide.

Cable Update (GBPUSD)

Agree. Dollar rally's been expected. The hardest part always is figuring out when. Perhaps once the QE figure's settled it'll get the ball rolling. USDX still sitting at WS1 right under key resistance. If we break through, will open more topside.

Cable Update (GBPUSD)

The FOMC could produce very different results than the market's been anticipating. If QE2 doesn't meet the dollar destruction quotient that's been priced into the market, this will have been one heck of a mark up. Considering 5625 is the current 4/8 ...

Cable Update (GBPUSD)

lol...it always looks like you could have made a lot of money in retrospect, trading it in real time's the tough part. honestly, GY is usually my favorite pair to trade, but I've been avoiding it lately. GU/EU are better PA atm.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well, to be perfectly honest, it's not just GY, everything's gotten tougher to trade. It was a party in here through 2009 when it was easy to make money, but a lot of people have given up since then. Bel is right, it's a wolf market and catching ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

We may get some movement with LC, but since there's no news to drive PA atm, this appears to be our current sandbox. Taking off until London session (Japan Bank holiday tomorrow) Good luck w/ your trades

Cable Update (GBPUSD)

Agree with Cloggie, the higher TFs give you your targets, the lower TFs are great for entries/exits. Even if you miss the breakout, there's plenty of opportunites after the move is in play. (you can see on this chart how the 159912 BO and 160110 ...

Cable Update (GBPUSD)

rofl... 7/10s of a pip actually, but who's counting? good to see you back

Cable Update (GBPUSD)

looking at 16036 for the resistance test.

Cable Update (GBPUSD)

lol... MPP/WPP are sound targets. I'm thinking potentially a bit lower. Monthly chart September high is 15890 area and prior POC, so if we're heading down that way, I'd say we might as well go where the orders are sitting. makes a nice monthly ...

Cable Update (GBPUSD)

It would be good to know more about what's going on. Obviously there's a problem with MOB. My IA is Molecule6 and so far there's been no problem. One thing I noticed, when visiting the MOB Forex site they seem to have pulled down all their pages ...

Dukascopy

Not so. This is an instance where a news release and price acted in tangent, but that's not always the case. Many times it's priced in prior to release and the markets utilize the news to catch uninformed traders off guard. If you want to work in ...

Cable Update (GBPUSD)

well put. 6 hours ago london reversed. people need to think on their feet and not get stuck on biases.

Cable Update (GBPUSD)

nicely done

Cable Update (GBPUSD)

here's some targets. europe close 13 minutes. hoping for the zone touch 15969.

Cable Update (GBPUSD)

TP hit +30 extra. ...lol if we establish support 15900 will reload. break below 15850, will consider short.

Cable Update (GBPUSD)

cheers mate overall, a lot of people looking to the downside, but there's a very nice cluster sitting 16400 area as well I'm keeping my eye on. last time we went through this dance in August, we broke to the upside, so it can't be ruled out ...

Cable Update (GBPUSD)

hi delite, that's a 1440 ema. I use the 200sma/ema and 1440ema for SR. for fast ma 7 smoothed sma shift3 is quite good. hit 1584. lol... little trades for a tiny range. if we can clear the neckline descending TL cross next upside targets go into ...

Cable Update (GBPUSD)

one last chart. looks like we're going to slog it out over the WPP a bit longer. no positions atm, just scalping PA until we clear DPP or WPP in either direction. gl w/ your trades

Cable Update (GBPUSD)

rofl... pulled back above the DO last minute of the hour. WPP same spot. 30M 1440 held the bottom. crazy market...

Cable Update (GBPUSD)