Cheers Tau. Best of luck. I want a higher cable to squeeze out the shorts, but obviously I trade what I get, not what I want. It has taken me a very very long time to learn this, but it is finally sticking. Never stop learning.

Cable Update (GBPUSD)

Good call. 1.6230 proved support. Now we see if high (1.6356) can be broken and held

Cable Update (GBPUSD)

1.6330 is support, so it has to break first. So far it is holding. Need to see a daily close below 1.62299 for a valid short IMO

The Club!

Updated Daily count with zoomed in H4 image image

The Club!

It sure dose.

Cable Update (GBPUSD)

Okay boys... I'm done discussing the definition of bias and crystal ball predictions. I am going out now to enjoy a nice day off while America eats turkey. If some of you are trading today, I wish you the best.

Cable Update (GBPUSD)

No I don't mind your words at all. I am only saying what I am seeing as higher probability. You may think I am biased, but I am not. I know it seems that way to you because I am making future projections, but that is how I view the market so that ...

Cable Update (GBPUSD)

You might be right, but in this business it is dangerous to become polarized. I am just following my charts and looking at probabilities. If I am proven wrong, it does not mean I will feel it financially. A perfect example is visible in my posts ...

Cable Update (GBPUSD)

ALBERT EDWARDS: A Key Precursor For A Recession Has Now Fallen Into Place url ...the last three economic cycles have been unusually lengthy, averaging 95 months from trough to peak (see chart below). But these cycles were perversions of the ...

EurAnalysis

I have already taken 50% profits from my two longs and set My SL in profit for the rest. I am ready at any time to start shorting, but I will not be doing it until normal liquidity levels return and USD has bottomed out on strong support. I also ...

Cable Update (GBPUSD)

Now you are making sense

Cable Update (GBPUSD)

Yes we are entering heavy supply zone, but it is also a very wide supply zone (1.6345 to 1.6616) and on top of that, where is the supply going to come from today or tomorrow with America eating turkey, shopping and sleeping... and the rest of the ...

Cable Update (GBPUSD)

I said "Be prepared". I did not say it is going there. However, that is what my G/U chart is telling me. Small reaction in low liquidity market is normal. No Americans trading today. Also, a pullback in G/J does not mean Cable weakness or USD ...

Cable Update (GBPUSD)

Be prepared for 1.65xx image

Cable Update (GBPUSD)

from the Carney pressie... No more "Funding for lending" scheme for housing market. Will maintain "funding for lending" for small business loans. This is somewhat supportive for Cable as it sends a signal that the housing market can now float its ...

Cable Update (GBPUSD)

Took half off my 1.6242 and 1.6260 longs and set SL for both at BE 1.6270

Cable Update (GBPUSD)

E/A might be good for a pullback helped along by the H1 inverted H/S on AUD/USD and the target for A/U would be a kiss of the falling channel UTL resistance image

EurAnalysis

1.6295 is support here. A break below and then we still have more support at 1.6260 and again even stronger at 1.6240. For resistance we have 1.6345 and then after that it is clear until 1.6450. So until price gets back below 1.6240, it's a tough ...

Cable Update (GBPUSD)

Nice horse

Cable Update (GBPUSD)

Agreed.. IF it holds. Remember we are in thin liquidity today and tomorrow. Americans are eating turkey today and shopping tomorrow.

EurAnalysis