Did I say that? Where? Anyway I hate that stupid EUR/GBP pair, it tricked me so many times that now I just leave it alone.

Cable Update (GBPUSD)

Watching charts and making money, basically. I don't know about you Elbert but I am thirsty, a cold Heineken is in order I guess. Cheers mate.

Cable Update (GBPUSD)

Absolutely, or else we would all be billionaires by now.

Cable Update (GBPUSD)

What? You are basing your entire analysis on a single doji?!? Please tell me you are just joking.

Cable Update (GBPUSD)

Bones, here is the weekly cable chart. Do you see at least 2 higher highs and 2 higher lows on this chart? No, on the contrary, we see 2 lower lows and 2 lower highs, the exact definition of a downtrend. So why on earth do you keep thinking that the ...

Cable Update (GBPUSD)

Hi there Toranaga Yes it is a bearish market for the cable, but the bulls are still trying to protect that 1.2430/1.2400 level. On the 1h chart GBP/USD has just completed a Head and Shoulders pattern and the price is now testing ...

Cable Update (GBPUSD)

1.6325 target reached, total +142 pip profits (75 + 67). Off to bed now, take care folks. Over and out.

Cable Update (GBPUSD)

+50 pips, moving all stops to break-even. You never know with this beast...

Cable Update (GBPUSD)

If we apply the measured move concept to this GBP/AUD Head and Shoulders formation that gives us a 75 pip profit potential (see chart) In other words this is more than a 2 to 1 reward risk ratio trade (I am risking 35 pips to earn 75 pips or more).

Cable Update (GBPUSD)

Shorted more GBP/AUD at 1.6400 same 35 pip stop.

Cable Update (GBPUSD)

You can also look at the Yearly they will tell you the same story.

Cable Update (GBPUSD)

I am telling you Bones, the party is over for the last few bulls, cable is going down. Think about shorting rallies from now on, don't fight the trend my friend. Just my opinion.

Cable Update (GBPUSD)

Meaning? Right now GBP/AUD is still flirting with the neckline. It will come down ...any day now video

Cable Update (GBPUSD)

Australian reports, easy now...

Cable Update (GBPUSD)

Yep, but which one is the real McCoy that's the $10K question... PA = Price Action, of course, thanks.

Cable Update (GBPUSD)

What's a PA?

Cable Update (GBPUSD)

Look at this delicious Head and Shoulders by the way.

Cable Update (GBPUSD)

Short GBP/AUD 1.6392, 35 pip stop. Now go and make me some money.

Cable Update (GBPUSD)

If you want to use a currency as a proxy for Gold the Australian dollar is your best best, not the Canadian dollar, as GOLD/AUD has the highest correlation.

Cable Update (GBPUSD)

Let's use the same time frame you are using, the daily chart. Look at the chart below, your trendline is saying that the cable is bullish. Sure, fine, why not. But wait a minute, let's draw another equally valid trendline and now we have an entirely ...

Cable Update (GBPUSD)