Good good .. ya give or take a few pips I guess. 1.60 will be the next major hurdle. I haven't been around here much as a few other pairs are a bit more clear in trade setups, or soon-to-be trade setups. This pound is a crazy one. As for what I ...

Cable Update (GBPUSD)

Your best and safest bet is to play a breakout of its small range that its in .. 5780/5940 ish

Cable Update (GBPUSD)

This gap I wrote about on the 21st is still resistance to price currently. Although it went beyond the gap a few pips, a breakout has still not occurred. Below this area is short to medium term bearish. url

Cable Update (GBPUSD)

Hey .. EURO hit resistance at an old daily gap.

EURUSD

If you want a more accurate wave count, go to DailyFX.

Cable Update (GBPUSD)

Not sure if this was pointed out, but the euro is resisted against an old daily gap. The similar is seen in the pound as well.

Silent Service Method

So buy a re-test of the upper wedge line

Cable Update (GBPUSD)

A 1 pip difference between two brokers is not uncommon.

Cable Update (GBPUSD)

I agree.

Cable Update (GBPUSD)

Well any 'old gap' in the market that was subsequently filled (if you look back at this gap, price eventually 'filled it') could possible serve as future support/resistance. This is the only area on the chart where I can see resistance. The gap I ...

Cable Update (GBPUSD)

CW Check out this daily GBP/USD chart... Posted her over in the GBP thread. Sitting in an old gap from way back (white box). Could be a nice short set up or break out, long up to 67xx. What are your thoughts.

Silent Service Method

Hey.. I wrote about this gap yesterday between 5719 and 5910 (white box) and price is currently within those bounds. A break out above here will target 6700 and if it carries the current momentum I see it as a possible scenario. Alternatively, the ...

Cable Update (GBPUSD)

Well that was short lived!

Cable Update (GBPUSD)

Morning. Seems we had some comments from Greenspan and not as much optimism today about the global economic recovery. The DOW made a double top, the second time on low volume. For those of you who are familiar with VSA (volume spread analysis), the ...

Cable Update (GBPUSD)

I am looking at taking a USA/CAD long and a AUD/USD short, along with GBP/USD short and EUR/USD short. Whichever one looks better.

Cable Update (GBPUSD)

It's possible? A spike to 1.60 could also happen. I don't know I am out of G/U until the end of the week.

Cable Update (GBPUSD)

Gap meaning, for instance, on Oct 27 the market opened at 1.5750 but closed the week before at 5913. It 'gapped' down over the weekend. I say old since this occured last year. Even though this gap has been 'filled' it still nonetheless will serve as ...

Cable Update (GBPUSD)

I think I'll be waiting till the end of the week to short her. Too many close calls this week and I dont feel safe longing now.

Cable Update (GBPUSD)

Nice and simple. Here is a daily from metatrader. All I see to the left is an old gap in the market so we will need confirmation on a higher timeframe before thinking of shorting conservatively.

Cable Update (GBPUSD)

3800 +/- on the daily chart is a tough level to beat. Combine this with bearish MACD divergence and we may be nearing the end of this little rally.

EURUSD