my conclusion was based on the fact that before trading one should know that a re-test prompts an entry option... the trendline was broken earlier, and is now being re-tested .. this is an opportunity to short if price does not break back up above ...

Cable Update (GBPUSD)

in response to the stock market rising .. the dow did close below its 200 SMA yesterday and this may prompt a pullback to re-test that level before falling. just an idea i am still bearish on g/u

Cable Update (GBPUSD)

testing the trendline again

Cable Update (GBPUSD)

ya took a quick 30 with partial then left the other at +5. I think we'll see 6345 before heading south

Cable Update (GBPUSD)

looks like the S&P downgraded some US banks .. could prove positive for USD if the markets reactive negatively

Cable Update (GBPUSD)

and my usdcad long from 1.08 is still hitting it hardd .. damn near my 1.15 target!

Cable Update (GBPUSD)

i love the pound .. shorted 6304!

Cable Update (GBPUSD)

nice pic! bolt is the man

No Brainer Trades

i am still with you on the 5300! i should have held all that i shorted at 6300 .. been taking random partials along the way and am left with a very small position lol my ultimate short will be after a breakdown of the 6210/40 area ... one price ...

Cable Update (GBPUSD)

if its going to bounce it will do so from here.

Cable Update (GBPUSD)

metatrader volume is tick volume, and is not 'real' volume .. for real volume you need futures data, which u have to pay for

Cable Update (GBPUSD)

i get a little more riskier after having big gains over night .. like last night this is all scalping so far but looks as if she may start tumbling again.

Cable Update (GBPUSD)

stopped out yes .. re-short yes .. ive made 30 pips in the last 40 minutes playing around shorting 6300.

Cable Update (GBPUSD)

thats a stretch .. that level has been flirted with many times already i think the bottom at 50% will fall out sooner than later, unless someone comes out and makes comments ive made nothing but money taking the short bus and will continue to do so ...

Cable Update (GBPUSD)

Kick out??

Cable Update (GBPUSD)

yeah i think theres another push ahead as well .. i just like picking away on the way up according to elliot are you in line with 6320/50 to short?

Cable Update (GBPUSD)

BE on this one .. I hope that was the pullback I was looking for .. fell just shy of 6320 so that may have to be good enough.

Cable Update (GBPUSD)

did u get on board with the 38.2 pullback we just had? also retested a trendline as well.

Cable Update (GBPUSD)

What's big ben saying? I cant watch bloomberg on my comp. Obviously nothing to make the USD look weak so far.

Cable Update (GBPUSD)

I started to scale into a short position at 6300 on a retest of this line and 38.2 retrace.

Cable Update (GBPUSD)