That's an understatement... lol If the DPP contains price here, we may get a pullback. A break below 15440, and price has a good chance of testing prior resistance area 15340 as support. (would be a nice supply run for a proper crack at the WR1 area ...

Cable Update (GBPUSD)

Hey GM, Good eye. This area wasn't going to be a walk in the park, there's a lot of historical resistance sitting between 15600 and 15700 that's going to prove tough. I remember after UJ was at it's historical low of 79.60 in 1995. There were months ...

Cable Update (GBPUSD)

lol... as always.

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

the current market conditions are requiring a lot of patience. honestly, even though there are many indications we could drop, GU has been on a mission lately. one thing to consider about fix days is that sometimes there is an excess dollar demand. ...

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

as long as UJ is dropping we're not going up, (unless 88 holds as support, then we get a small rise, but 134.76 is containing price for the moment topside). also, look where GU price is sitting. red line is the utl of the monthly bear channel. ...

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

lol, I had same thought right after I posted. the utl of the prior consolidation triangle is acting as current support. that's the line I'm watching atm.

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

today is the 15th, Tokyo and London fix, which is stalling the drop. after 16:00 GMT GBP import accounts will be settled, then we can kaboom.

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

you may be right. anything's possible. the short term rise could bounce down off the weekly bear channel utl and we drop. the 200ema is sitting directly on the daily channel utl so seems like a likely place for a reversal. the possibility exists as ...

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

the time to short will come, but GU momentum has been too strong to pick a top yet.

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

that "little thing" signaled a 100 pip drop. that "triangle/flag-like thing" is called a consolidation. .

The WoRmHoLe

GY we potentially have a Reverse Symmetrical Triangle or a Reversal Expanding Triangle forming. I like Elder’s description. The expanding (widening) triangle becomes formed when prices behavior makes a sequence of ascending maximums and descending ...

The WoRmHoLe

back trend change in the air. if we can break above R1, looking for 15290 next. (above 15350, will start contemplating 15700 as a longer term target) atm, we're at a critical juncture, so playing hit and run to nearest resistance levels ...

The WoRmHoLe

Thanks for being logical. I can cook up a photoshop doc of a "real" trading account in 5 minutes, that's easy. So posting accounts is complete BS. The sad truth is, 98% of the people posting on FF don't make money trading (including many of the ...

Cable Update (GBPUSD)

I was thinking the same thing.... got back after the game and price was almost exactly were we left it. lol

Cable Update (GBPUSD)

hard call — lolz... I don't know which is worse, this PA or Brazil in the second half. off to the beach for the long weekend! good luck w/ your trades! .

Cable Update (GBPUSD)

waiting for the DOW to open. that should move it.

Cable Update (GBPUSD)

way to go! yeah.. was an idle threat... time to bring home the MILK MONEYTM.

The WoRmHoLe

almost there! hey, I got a whopping 4 pips last trade. If we break below 151500 I'm going to short this like Schwarzenegger.

The WoRmHoLe

Could be a shakeout of weak shorts before a drop. screwy PA. that's why I bailed. In the meantime 15200 holding, and 30M/1H RSX turning bearish on my charts, may just take a bit to play out.

The WoRmHoLe

omg... sugoi ii timingu. lmao

The WoRmHoLe